Lvl1 Inc
Nonprofit profile at a glance
- EIN
- 271451728
- IRS 990-EZ coverage
- 2024–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2023
- Location
- Louisville, KY, USA
- Rating
- 47
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Computer Science
Reported finances
- Revenue
- $62,351
- Expenses
- $51,281
- Assets
- $80,137
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Kevin Costello (President)
- James McClain (Vice-President)
People named in this filing
- Kevin Costello (President)
- James McClain (Vice-President)
- Tim Heilers (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
LVL1 (pronounced LevelOne) is a Maker Space.We are an education and technical organization. We provide a physical shop with tools where people with diverse interests (such as science, technology, digital, mechanical, and electrical art) can meet to socialize and collaborate. We are an open community where people of diverse backgrounds can share knowledge and resources to learn and make things.
What it reported doing in 2025
We are an all-volunteer community makerspace. We maintain an 8,500 sq.f.t space as a lab/shop/studio with tools. Members have RFID-badge 24x7 access to our facilities and can bring guests. We conduct weekly meetings that are open to the general public that include show-and-tells and periodic guest speakers with topics of interest. We conduct informal training and more formal certification on the use of our shop equipment. We host two Google Groups (one open to the general public and the other that is member oriented) and use DISCOURSE as an additional online membership communication channel. This [$2,751]expense includes food and organizer reimbursements.
Operating model
- Revenue model
- Membership-supported. 86% of the money available for current operations came from membership dues.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 16
- Transparency & Controls: 82
- Sustainability: 65
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 16.2%; rating input score 16
- Program expense ratio: 16.8%; rating input score 17
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 17.8%; rating input score 70; 70th percentile among comparable filings
- Total-asset coverage ratio: 1.56; rating input score 59; 59th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -132.6% per year; rating input score 0; 2nd percentile among comparable filings
- Revenue growth: 16.7% per year; rating input score 100; 87th percentile among comparable filings
- Asset growth: 14.8% per year; rating input score 100; 79th percentile among comparable filings
Details
- Where the money goes: 16.2% of revenue deployed · 16.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $9K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2024 to 2025
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 16/100.
- High — Financial Efficiency: Program expense ratio scored 17/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 59/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.