Gmto Corporation

Organization Overview

Gmto Corporation is located in Pasadena, CA. The organization was established in 2009. According to its NTEE Classification (U31) the organization is classified as: Astronomy, under the broad grouping of Science & Technology and related organizations. As of 06/2021, Gmto Corporation employed 104 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gmto 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 06/2021, Gmto Corporation generated $8.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.0% each year . All expenses for the organization totaled $34.8m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

GMTO CORPORATION IS A COLLABORATIVE EFFORT BETWEEN UNIVERSITIES AND RESEARCH INSTITUTIONS TO BUILD A NEXT GENERATION EXTREMELY LARGE TELESCOPE FOR ASTRONOMICAL RESEARCH.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PURPOSE OF THE CORPORATION IS TO UNDERTAKE THE DESIGN, DEVELOPMENT, CONSTRUCTION AND OPERATION OF THE GIANT MAGELLAN TELESCOPE ("GMT"), A STATE-OF-THE-ART NEXT-GENERATION ASTRONOMICAL TELESCOPE, AS A COLLABORATIVE EFFORT BETWEEN UNIVERSITIES AND RESEARCH ORGANIZATIONS. ALL CONTRIBUTIONS AND ALL EXPENSES ARE GEARED TOWARD THE FULFILLMENT OF THAT PURPOSE. DURING THE FISCAL YEAR ENDING JUNE 30, 2021, GMTO CONTINUED ON THE WORK OF THE WATER UTILITY PACKAGE AT THE TELESCOPE SITE IN CHILE. GMTO ALSO CONTINUED ON THE WORK OF ITS PRIMARY MIRROR, ON SEGMENT 3, 4, AND 5, WHILE STARTING TO CAST ON SEGMENT 6, AND UNDERWENT VARIOUS DESIGN REVIEWS.


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Board, Officers & Key Employees

Name (title)Compensation
Robert Shelton
President
$494,777
James Fanson
Project Manager
$317,274
Sara Lee Keller
General Counsel
$258,076
Alan Gordon
CFO & VP Of Business Operations
$255,676
William Burgett
Deputy Project Manager
$247,275
David Ashby
Project Engineer
$245,917

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ohb Digital Connect Gmbh
Engineering
$11,744,432
University Of Arizona
Mirror Fabrication
$3,348,483
Ingersoll Machine Tools Inc
Engineering
$3,250,000
M3 Engineering
Engineering
$1,487,886
Smithsonian Astrophysical Observatory
Design
$1,986,494
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $4,366,847
All other contributions, gifts, grants, and similar amounts not included above$2,946,432
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$7,313,279
Total Program Service Revenue$0
Investment income $1,458,490
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 $8,771,769

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Gmto Corporation has recieved totaling $5,406,315.

Awarding OrganizationAmount
Association Of Universities For

Washington, DC

PURPOSE: SCIENTIFIC RESEARCH AND DEVELOPMENT FOR THE US EXTREMELY LARGE TELESCOPE PROGRAM

$5,396,315
Gordon E And Betty I Moore Foundation

Palo Alto, CA

PURPOSE: IN SUPPORT OF THE GIANT MAGELLAN TELESCOPE/THIRTY METER TELESCOPE RECEPTION AT THE JANUARY 2020 AMERICAN ASTRONOMICAL SOCIETY MEETING IN HONOLULU, HAWAI'I, AND OTHER ACTIVITIES RELATED TO US-EXTREMELY LARGE TELESCOPES.

$10,000
View Grant Recipient Profile

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