Leonardo Academy INC

IRS exemption revoked

Madison, WI501(c)(3)EnvironmentEIN 39-1881853Revenue $2.0M in FY2022

On file with the IRSleonardoacademy.org1526 Chandler St, 53711-2210 · Madison, WITax-exempt since Jul 1997Publicly supported charity — 170(b)(1)(A)(vi)

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Leonardo Academy provides comprehensive sustainability services that help companies and organizations understand, quantify, manage, and report their overall sustainability including all three legs of sustainability. Leonardo Academy specializes in leed, arc and well consulting, enterprise sustainability, emissions services, land management services, and sustainability training.

86¢ of each $1 spent went to programs.
Run by 5 volunteers and 6 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $296K a year · 21% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$25K
to officers and key staff · 2% of spending
Top officer’s pay lower than 99% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $30
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$237K
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
+68% vs prior year
Spent
$1.5M
To programs
86%
Net assets
$967K
By yearFY2020–FY2022
Revenue
$2.0M
FY2022▲ +68%
Tap a bar for its year
Revenue by fiscal year
FY2020$995K
FY2021$1.2M
FY2022$2.0M
Expenses
$1.5M
FY2022▲ +81%
Tap a bar for its year
Expenses by fiscal year
FY2020$970K
FY2021$824K
FY2022$1.5M
Net assets
$967K
FY2022▲ +248%
Tap a bar for its year
Net assets by fiscal year
FY2020−$86K
FY2021$278K
FY2022$967K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
IRS revoked this organization's tax-exempt status on May 15, 2026

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2022. IRS ruling in Jul 1997.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $1.3M Management & general 6% · $95K Fundraising 8% · $117K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990; $25K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$25,171Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretarytreasurer
$0Pt VII · Sec A

Michael Arny’s $25K as President is at the 1st percentile of top reported officer pay among 1851 $1–10M environment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021FY2020
Michael Arny$25,171$103,624$88,547

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Helps businesses understand, manage, and report their sustainability efforts, specializing in green building and emissions.

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Provided by the organization

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1 program · $1.3M · in their own filed words · FY2022
01

Sustainability services-the sustainable building services program assisted companies persuing their leed certification in future years. Additionally L.A. Performed leed-eb suilding certification application reviews for 194 leed-eb certified buildings.

$1.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$30
Grants paid · 7 grants · $1.3M · 2020–2021
Kraemers North AmericaFY2021$389,548
Independence School DistrictFY2021$172,271
Kramer North AmericaFY2021$105,075
Mfa OilFY2021$52,627
Kraemer North AmericaFY2020$389,548
Independence School DistrictFY2020$172,271
Mfa Oil CompanyFY2020$52,627

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Gifts and grantsLn 1h$2.0M
Fees for servicesLn 2g$38K
Money outPt IX
$1.5M
Ln 25
Programscol B$1.3M
Managementcol C$95K
Fundraisingcol D$117K
Owns and owesPt X
$967K
net assets · Ln 32
Cash and savingsLn 1–2$694K
Total assetsLn 16$1.2M
LiabilitiesLn 26$237K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.0M
Government grantsLn 1e$2.0M
Fees for servicesLn 2g$38K
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$601K
SavingsLn 2$94K
Cash and savings togetherLn 1–2$694K
Land, buildings, equipmentLn 10c$226K
Total assetsLn 16$1.2M
LiabilitiesLn 26$237K
Net assetsLn 32$967K
OperationsPt I, VI
EmployeesI 56
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$269K$694K
Land, buildings, equipmentLn 10c$213K$226K
Total assetsLn 16$629K$1.2M
LiabilitiesLn 26$160K$237K
Net assetsLn 32$469K$967K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.1M$1.1M
Pay of current officers, directors and key staffLn 5$25K$20K$4K$1K
Other salaries and wagesLn 7$303K$121K$76K$106K
Pension plan contributionsLn 8$5K$2K$1K$1K
Management feesLn 11a$993$458$306$229
Advertising and promotionLn 12$472$142$47$283
Office expensesLn 13$30K$21K$4K$6K
Information technologyLn 14$8K$5K$2K$769
OccupancyLn 16$12K$12K
TravelLn 17$8K$7K$831
InterestLn 20$1K$1K
InsuranceLn 23$8K$5K$2K$1K
Other expenses (24a–d)Ln 24$5K$1K$3K
Total functional expensesLn 25$1.5M$1.3M$95K$117K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $2.0M$1.5M$498K$967K 990 PDF
FY2021 $1.2M$824K$364K$278K 990 PDF
FY2020 $995K$970K$25K−$86K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $1,993,681 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,188,141$1,955,181
I-9 Program service revenue$38,500
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $1,188,141$1,993,681
I-13 Grants and similar amounts paidPrior year $399,068$1,088,688
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $356,461$333,787
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $68,424$72,955
I-18 Total expensesPrior year $823,953$1,495,430
I-19 Revenue less expensesPrior year $364,188$498,251
Part VI · Governance 3 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,993,681 across 5 lines filed
Lines not itemized here account for $28,500 of total revenue; see the IRS return.
VIII-1e Government grants$1,955,159
VIII-1f All other contributions, gifts and grants$22
VIII-1h Total contributions, gifts and grants$1,955,181
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10,000$10,000
VIII-12 Total revenueRelated to mission $38,500 · Unrelated business $0 · Excluded from tax $0$1,993,681
Part IX · Statement of functional expenses $1,495,430 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $1,088,688$1,088,688
IX-5 Pay of current officers, directors and key staffPrograms $20,137 · Management $3,776 · Fundraising $1,259$25,172
IX-7 Other salaries and wagesPrograms $121,307 · Management $75,817 · Fundraising $106,144$303,268
IX-8 Pension plan contributionsPrograms $2,460 · Management $1,497 · Fundraising $1,390$5,347
IX-11a Management feesPrograms $458 · Management $306 · Fundraising $229$993
IX-12 Advertising and promotionPrograms $142 · Management $47 · Fundraising $283$472
IX-13 Office expensesPrograms $20,789 · Management $3,517 · Fundraising $5,595$29,901
IX-14 Information technologyPrograms $4,612 · Management $2,306 · Fundraising $769$7,687
IX-16 OccupancyPrograms $11,846$11,846
IX-17 TravelPrograms $7,480 · Management $831$8,311
IX-20 InterestManagement $1,074$1,074
IX-23 InsurancePrograms $4,721 · Management $2,279 · Fundraising $1,140$8,140
IX-24 Other expenses (24a–d)Programs $1,200 · Management $3,331$4,531
IX-25 Total functional expensesPrograms $1,283,840 · Management $94,781 · Fundraising $116,809$1,495,430
Part X · Balance sheet $1,203,764 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $208,025$600,651
X-2 Savings and temporary cash investmentsStart of year $60,506$93,798
X-4 Accounts receivableStart of year $136,852$98,038
X-9 Prepaid expenses and deferred chargesStart of year $10,573$9,942
X-10c Land, buildings and equipment, netStart of year $212,763$226,000
X-14 Intangible assets$175,335
X-16 Total assetsStart of year $628,719$1,203,764
X-17 Accounts payable and accrued expensesStart of year $32,644$6,788
X-19 Deferred revenueStart of year $15,000$12,500
X-25 Other liabilitiesStart of year $112,236$28,653
X-26 Total liabilitiesStart of year $159,880$236,674
X-32 Total net assets or fund balancesStart of year $468,839$967,090
X-33 Total liabilities and net assetsStart of year $628,719$1,203,764
Part XI · Reconciliation of net assets $967,090 net assets at year end
XI-1 Total revenue$1,993,681
XI-2 Total expenses$1,495,430
XI-3 Revenue less expenses$498,251
XI-4 Net assets at start of year$468,839
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$967,090

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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