Tmt Observatory Corporation
- Assets
- $3.2m
- Revenue
- $94.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Pasadena, CA
- Founding
- 08/2004
- Data as of
- 09/2023
- 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 09/2023, 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 09/2023, Tmt Observatory Corporation generated $94.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (14.1%) each year. All expenses for the organization totaled $66.8k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (23.2%) per year over the past 8 years. 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
2023
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 | $304,825 |
Edward Youhana Controller | 40 | $180,896 | |
Joelle Zavzavadjian Manager Of Awards And Budgets | 40 | $157,973 | |
Carmen Arseneault Senior Accountant | 40 | $107,863 | |
Dr Henry Yang Chair | OfficerTrustee | 4 | $0 |
Jonas Zmuidzinas Vice Chair (until 08/2023) | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
California Institute Of Technology Scientific Services | 9/29/16 | $790,202 |
L-3 Communications Corporation Engineering Services | 9/29/16 | $383,613 |
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 | $94,399 |
| 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 | $94,399 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,409 |
| Payroll taxes | $631 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,325 |
| 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 | $21,045 |
| All other expenses | $0 |
| Total functional expenses | $66,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $298,471 |
| Savings and temporary cash investments | $2,795,285 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $72,852 |
| 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 | $6,619 |
| 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 | $3,173,227 |
| Accounts payable and accrued expenses | $2,799 |
| 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 | $167,489 |
| Total liabilities | $170,288 |
| Net assets without donor restrictions | $3,002,939 |
| 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 | $3,173,227 |