The Leonardo
- Assets
- $1.9m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 58
- Location
- Salt Lake City, UT
- Founding
- 11/2002
- Data as of
- 06/2022
- EIN
- 48-1268355
Organization Overview
The Leonardo is located in Salt Lake City, UT. The organization was established in 2002. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Leonardo employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leonardo is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Leonardo generated $4.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $3.9m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE LEONARDO'S MISSION IS TO FUSE SCIENCE, TECHNOLOGY AND ART IN EXPERIENCES THAT INSPIRE INNOVATION AND CREATIVITY IN PEOPLE OF ALL AGES AND BACKGROUNDS. WE DO THIS THROUGH ENGAGING AND INTERACTIVE EXHIBITS, SCHOOL
Describe the Organization's Program Activity:
MUSEUM AND VISITOR SERVICES - THE LEONARDO IS OPEN TUESDAYS THROUGH SUNDAYS TO THE PUBLIC, AND PROVIDES DAILY ENGAGING EXHIBITS, FLOOR PROGRAMS WITH HANDS-ON LEARNING OPPORTUNITIES AND CREATIVE INNOVATIVE PROGRAMS FOR ALL AGES. OVER THE COURSE OF THIS YEAR, THE MUSEUM FULLY REOPENED AFTER THE PANDEMIC, SERVING OVER 100,000 INDIVIDUALS THROUGH EXHIBITS, EVENTS, OUTREACH AND PROGRAMS. THE LEONARDO ALSO HOSTED SOME TRAVELING EXHIBITS DURING THIS YEAR, AND OPENED A MAJOR NEW GALLERY, THE 9,000SF IDEA SPACE THAT HOSTS IMMERSIVE EXHIBITIONS AND EVENTS. THIS WAS AUGMENTED BY A REDESIGNED ART STUDIO THAT SERVES STUDENTS, FAMILIES AND GROUPS WITH HANDS-ON ARTS EXPLORATION.
OTHER PROGRAMMING EXPENSES
COMMUNITY EVENTS - THE LEONARDO WORKS WITH CORPORATE PARTNERS AND COMMUNITY LEADERS TO INFUSE THEIR INDIVIDUAL EVENTS WITH HANDS-ON CREATIVE AND INNOVATIVE ACTIVITIES. THE EDUCATIONAL BACKDROP OF THE MUSEUM PROVIDES A UNIQUE VENUE TO AUGMENT TRADITIONAL CORPORATE PARTIES AND RETREATS WITH FUN AND EDUCATIONAL TEAM-BUILDING EXERCISES. THE LEONARDO ALSO PROVIDES THE COMMUNITY WITH UNIQUE EVENTS THAT CATER TO LIFE-LONG LEARNING. SPECIFIC PROGRAMS INCLUDE THE SCIENCE AND ART OF FOOD AS THE FOCUS OF OUR DINING PROGRAMS, BUILDING NEW SKILLS THROUGH OUR CREATE WHAT YOU CRAVE PROGRAMS, AND FUN AND EDUCATIONAL ACTIVITIES FOR CELEBRATIONS RANGING FROM BIRTHDAYS TO ANNIVERSARIES.
COMMUNITY PROGRAMMING - THROUGH FIELD TRIPS, HANDS-ON WORKSHOPS, EDUCATOR EVENINGS, AND OUR SCIENCE OUTREACH PROGRAM, THE LEONARDO DIRECTLY IMPACTED 33,208 K-12 STUDENTS AND TEACHERS. MONTHLY COMMUNITY PROGRAMS ENGAGE AUDIENCES WITH FILM SCREENINGS, PANEL DISCUSSIONS, LECTURES, DEMONSTRATIONS AND MORE. ADDITIONALLY, WE PARTNER WITH AREA ORGANIZATIONS AND SCHOOLS TO BRING HANDS- ON CONTENT TO EVENTS AND FESTIVALS THROUGHOUT THE YEAR. EXAMPLES INCLUDE STEM FEST, ARTS FESTIVAL, EXPANDING YOUR HORIZONS, SHETECH AND MANY MORE. OVER 50,000 INDIVIDUALS INTERACT WITH THE LEONARDO AT THESE OFF-SITE OUTREACH EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexandra Hesse Executive Director | OfficerTrustee | 40 | $109,000 |
Lisa Davis Board Chair | OfficerTrustee | 2 | $0 |
Dinesh Patel Director | Trustee | 1 | $0 |
Rob Mansfield Vice Chair | OfficerTrustee | 1 | $0 |
Sarah Vaughn Director | Trustee | 1 | $0 |
Marshall Wright Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,540,780 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,074,965 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,615,745 |
| Total Program Service Revenue | $1,065,543 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,681,288 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,214,837 |
| Compensation of current officers, directors, key employees. | $298,632 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,596 |
| Payroll taxes | $93,616 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,588 |
| Information technology | $69,328 |
| Royalties | $0 |
| Occupancy | $1,195,098 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,903,714 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $418,755 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $214,535 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,672 |
| Net Land, buildings, and equipment | $1,246,510 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,887,472 |
| Accounts payable and accrued expenses | $1,049,057 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $243,580 |
| Secured mortgages and notes payable | $123,493 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,009,900 |
| Total liabilities | $3,426,030 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | -$1,538,558 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,887,472 |