Tmt Observatory Corporation
- Assets
- $3.2m
- Revenue
- $15.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Pasadena, CA
- Founding
- 08/2004
- Data as of
- 09/2021
- EIN
- 20-0988966
Organization Overview
Tmt Observatory Corporation is located in Pasadena, CA. The organization was established in 2004. According to its NTEE Classification (U31) the organization is classified as: Astronomy, under the broad grouping of Science & Technology and related organizations. As of 09/2021, Tmt Observatory Corporation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tmt Observatory Corporation 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 09/2021, Tmt Observatory Corporation generated $15.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (39.7%) each year. All expenses for the organization totaled $86.8k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R David Goodman Coo/treasurer | Officer | 40 | $282,177 |
Edward Youhana Controller | 40 | $168,257 | |
Joelle Zavzavadjian Lead Financial Analyst | 40 | $131,726 | |
Carmen Arseneault Senior Accountant | 40 | $100,492 | |
Dr Henry Yang Chair | OfficerTrustee | 4 | $0 |
Jonas Zmuidzinas Vice Chair | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
L-3 Communications Corporation Engineering Services | 9/29/16 | $383,613 |
California Institute Of Technology Scientific Services | 9/29/16 | $790,202 |
Exelisharris Corporation Engineering Services | 9/29/16 | $166,844 |
University Of California Scientific Services | 9/29/16 | $190,781 |
Pricewaterhousecoopers Llp Accounting Services | 9/29/16 | $135,177 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $15,289 |
| 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 | $15,289 |
| 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. | $3,603 |
| Compensation of current officers, directors, key employees. | $3,603 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,620 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,924 |
| Payroll taxes | $901 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,788 |
| Fees for services: Accounting | $21,809 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $17,231 |
| All other expenses | $0 |
| Total functional expenses | $86,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $412,373 |
| Savings and temporary cash investments | $2,681,650 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $99,391 |
| 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 | $6,432 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,199,846 |
| Accounts payable and accrued expenses | $2,163 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $159,874 |
| Total liabilities | $162,037 |
| Net assets without donor restrictions | $3,037,809 |
| Net assets with donor restrictions | $0 |
| 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 | $3,199,846 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Canada France Hawaii Telescope Corporation Kamuela, HI | $15,098,361 | $9,205,566 |
Wiyn Consortium Inc Tucson, AZ | $27,019,162 | $3,689,249 |
Soar Consortium Inc Tucson, AZ | $23,700,628 | $2,948,166 |
B612 Foundation Mill Valley, CA | $5,510,258 | $2,167,756 |
Astronomical Society Of The Pacific San Francisco, CA | $5,482,594 | $2,444,548 |
Griffith Observatory Foundation Los Angeles, CA | $2,279,624 | $1,729,095 |
Lsst Inc Tucson, AZ | $4,073,108 | $1,051,601 |
Open Lunar Foundation Walnut, CA | $1,217,413 | $53,847 |
West Star Foundation Reno, NV | $0 | $3,670 |
Mount Wilson Institute Pasadena, CA | $3,027,388 | $997,387 |
Tzec Maun Foundation Redwood City, CA | $2,572,911 | $363,000 |
Monterey Institute For Research In Astronomy Marina, CA | $4,714,732 | $315,435 |