Canada France Hawaii Telescope Corporation
- Assets
- $15.1m
- Revenue
- $9.2m
- Investments
- $0.0
- Employees
- 48
- Location
- Kamuela, HI
- Founding
- 01/1976
- Data as of
- 12/2021
- EIN
- 23-7438736
Organization Overview
Canada France Hawaii Telescope Corporation is located in Kamuela, HI. The organization was established in 1976. According to its NTEE Classification (U31) the organization is classified as: Astronomy, under the broad grouping of Science & Technology and related organizations. As of 12/2021, Canada France Hawaii Telescope Corporation employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Canada France Hawaii Telescope 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 12/2021, Canada France Hawaii Telescope Corporation generated $9.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $9.5m during the year ending 12/2021. While expenses have increased by 1.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
OPERATE 3.6 METER ASTRONOMICAL TELESCOPE TO FURTHER THE KNOWLEDGE AND UNDERSTANDING OF THE UNIVERSE THROUGH SCIENTIFIC REASEARCH, STUDIES, EDUCATION, AND DISSEMINATION OF SUCH KNOWLEDGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Sheinis Director Of Engineering | Officer | 50 | $226,674 |
Marc Baril Electronics Engineer | 50 | $197,468 | |
Douglas Simons Executive Director | Officer | 50 | $192,489 |
Tracy Yost CFO | Officer | 50 | $178,663 |
Kevin Ho Instumentation Manager | 50 | $173,654 | |
Daniel Devost Director Of Science | Officer | 50 | $162,888 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Paakai Communications Llc Communication Services | 12/30/21 | $138,738 |
Maunakea Observatories Support Services Summit/h.p. Support | 12/30/21 | $124,155 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,424,591 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,434 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,445,025 |
| Total Program Service Revenue | $708,092 |
| Investment income | $49,315 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,134 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,205,566 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,038 |
| Grants and other assistance to domestic individuals. | $16,100 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,001,427 |
| Compensation of current officers, directors, key employees. | $553,875 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,266,562 |
| Pension plan accruals and contributions | $484,266 |
| Other employee benefits | $656,759 |
| Payroll taxes | $372,827 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,750 |
| Fees for services: Accounting | $55,079 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,206 |
| Fees for services: Other | $294,993 |
| Advertising and promotion | $1,479 |
| Office expenses | $59,558 |
| Information technology | $205,876 |
| Royalties | $446 |
| Occupancy | $366,185 |
| Travel | $2,364 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,999 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,202,229 |
| Insurance | $58,050 |
| All other expenses | $98,272 |
| Total functional expenses | $9,541,601 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,755,072 |
| Savings and temporary cash investments | $241,009 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $281,248 |
| 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 | $0 |
| Net Land, buildings, and equipment | $9,282,551 |
| Investments—publicly traded securities | $2,538,481 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,098,361 |
| Accounts payable and accrued expenses | $847,766 |
| Grants payable | $0 |
| Deferred revenue | $97,939 |
| 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 | $0 |
| Total liabilities | $945,705 |
| Net assets without donor restrictions | $13,941,518 |
| Net assets with donor restrictions | $211,138 |
| 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 | $15,098,361 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Canada France Hawaii Telescope Corporation has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Granny B & P Foundation New York, NY PURPOSE: EDUCATIONAL PURPOSES | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tmt International Observatory Llc Pasadena, CA | $169,747,389 | $25,562,706 |
Canada France Hawaii Telescope Corporation Kamuela, HI | $15,098,361 | $9,205,566 |
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 |
Open Lunar Foundation Walnut, CA | $1,217,413 | $53,847 |
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 |
International Lunar Observatory Association Kamuela, HI | $5,611,507 | $709,121 |
Ward Creek Foundation San Francisco, CA | $5,595,075 | $197,183 |
Astronomers Without Borders Inc Calabasas, CA | $193,070 | $94,379 |