Overview
What is The Leonardo?
The Leonardo is a museum located in Salt Lake City, Utah, specifically at 209 East 500 South, ZIP code 84111. As a nonprofit organization, its primary focus is to blend science, technology, and art, providing innovative and creative experiences for people of various ages and backgrounds. It achieves this by offering daily engaging exhibits, hands-on learning opportunities, and creative programs. The Leonardo reopened fully after the pandemic, serving over 100,000 individuals through exhibits, events, outreach, and programs. They have also hosted traveling exhibits and opened a significant new gallery, the 9,000 square foot IDEA Space, which hosts immersive exhibitions and events. The museum's Art Studio was redesigned to serve students, families, and groups with hands-on arts exploration. The Leonardo's team consists of 58 dedicated individuals.
Official website here: www.theleonardo.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66% (Two-Star out of Four Stars)
The Leonardo has received a Two-Star rating from Charity Navigator, reflecting a 66% overall score which indicates room for improvement in its accountability and financial practices. While the organization boasts a completely independent board and demonstrates strong governance practices, such as having policies for conflict of interest and whistleblowing, it falls short in providing financial statements, which significantly impacts its financial score.
The nonprofit shows a solid program expense ratio of 78.66%, meaning a majority of its expenditures are directed towards its programs, highlighting its commitment to its mission. However, the high liabilities to assets ratio of 227.19% raises concerns about its financial health and sustainability. This aspect may deter potential donors who prioritize financial stability in their giving decisions.
In summary, while The Leonardo demonstrates strong governance and effective program spending, its lack of financial transparency and potential financial risk may limit its appeal to some stakeholders. Addressing these financial reporting issues would likely enhance its credibility and support.
This AI summary has been generated from information found on Charity Navigator.
Is The Leonardo legitimate?
The Leonardo is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Leonardo submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,394,624
For more financial information, click here
Official website here: www.theleonardo.org
What is the mission statement of The Leonardo?
The Leonardo's mission involves integrating science, technology, and art to stimulate innovation and creativity in individuals from diverse backgrounds. This is achieved through engaging exhibits, interactive programs, and educational opportunities, catering to people of all ages. The institution, which operates as a museum and visitor services center, has a strong focus on hands-on learning and creative activities. In the past year, The Leonardo has served over 100,000 individuals, hosting traveling exhibits and opening a new immersive gallery, the IDEA Space, as well as a redesigned Art Studio for arts exploration.
Official website here: www.theleonardo.org
What is the revenue of The Leonardo?
The Leonardo's revenue in 2023 was $4,777,112.
Official website here: www.theleonardo.org
Who are the executives of The Leonardo and what are their salaries?
The average compensation at The Leonardo during 2023 was $17,218. There are 81 employees and 8 volunteers at The Leonardo.
Here are 10 key members and their salaries:
- Compensation: $168,992
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Official website here: www.theleonardo.org
Where can I find the form 990 for The Leonardo?
The Leonardo's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.theleonardo.org
Learn more at the official website: www.theleonardo.org
Mission Statement of The Leonardo
The Leonardo, a nonprofit organization, endeavors to bring together science, technology, and art in a manner that stimulates innovation and creativity among individuals of various ages and backgrounds. They accomplish this by offering engaging and interactive exhibits, school programs, and hands-on learning opportunities within their museum. Through these initiatives, The Leonardo serves as a hub for inspiration, fostering an environment where visitors can explore, create, and innovate. This year, the museum fully reopened following the pandemic, catering to over 100,000 individuals through exhibits, events, outreach, and programs. Additionally, The Leonardo introduced a major new gallery, the IDEA Space, which hosts immersive exhibitions and events, and a redesigned Art Studio for hands-on arts exploration for students, families, and groups.
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Impact
July, 2024
The Leonardo's impact can be seen in its dedication to inspiring innovation and creativity through the fusion of science, technology, and art. By providing engaging and interactive exhibits, educational programs, and creative opportunities for individuals of all ages and backgrounds, The Leonardo is shaping a community that values learning and exploration. Through its efforts, The Leonardo has reached over 100,000 individuals and continues to foster a space where imagination and discovery flourish.
This information is meant to be a general summary of The Leonardo. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $6,942
- Program Service Revenue: $1,502,472
- Gross Receipts: $4,777,112
Assets and Liabilities:
- Total Assets: $1,887,472
- Total Liabilities: $3,426,030
- Net Assets: -$1,538,558
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Admissions & Memberships
Revenue
$909,269
Catering, Bistro, Retail
Revenue
$256,857
Public Events, Facility Rentals
Revenue
$336,346
Organization Details
Founding Year
2002
Principal Officer
Alexandra Hesse
Website
www.theleonardo.orgNTEE Category
Code: A50 - Arts
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