Tmt International Observatory Llc
- Assets
- $169.7m
- Revenue
- $25.6m
- Investments
- $0.0
- Employees
- 53
- Location
- Pasadena, CA
- Founding
- 05/2015
- Data as of
- 12/2021
- EIN
- 30-0833462
Organization Overview
Tmt International Observatory Llc is located in Pasadena, CA. The organization was established in 2015. 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, Tmt International Observatory Llc employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tmt International Observatory Llc 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, Tmt International Observatory Llc generated $25.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.8%) each year. All expenses for the organization totaled $15.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Tmt International Observatory Llc has awarded 21 individual grants totaling $2,863,356. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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 |
|---|---|---|---|
Fengchuan Liu Project Manager | Officer | 40 | $293,099 |
Christophe Dumas Observatory Scientist | 40 | $273,933 | |
Jose Teran Facilities Department Head | 40 | $262,246 | |
Ravinder Bhatia Associate Project Manager | 40 | $256,365 | |
Eric Hansen Telescope Department Head | 40 | $254,170 | |
Edward Stone Executive Director | Officer | 20 | $244,779 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
California Institute Of Technology Scientific Services | 12/30/21 | $4,311,118 |
Coherent Inc Engineering Services | 12/30/21 | $2,204,000 |
Bcf Solutions Inc Professional Service | 12/30/21 | $2,007,708 |
M3 Engineering And Technology Engineering Services | 12/30/21 | $668,923 |
Cilas Engineering Services | 12/30/21 | $668,566 |
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 | $25,262,508 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,262,508 |
| Total Program Service Revenue | $0 |
| Investment income | $83,209 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $92,727 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,562,706 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $384,357 |
| 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 | $2,519,764 |
| Pension plan accruals and contributions | $405,559 |
| Other employee benefits | $2,034,477 |
| Payroll taxes | $189,309 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,071,231 |
| Fees for services: Accounting | $225,237 |
| Fees for services: Lobbying | $4,180 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $376,048 |
| Advertising and promotion | $0 |
| Office expenses | $70,663 |
| Information technology | $397,465 |
| Royalties | $0 |
| Occupancy | $1,326,383 |
| Travel | $64,267 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,267 |
| Interest | $1,325,525 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $385,319 |
| Insurance | $332,491 |
| All other expenses | $174,974 |
| Total functional expenses | $15,258,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,847,014 |
| Savings and temporary cash investments | $16,484,831 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,711 |
| 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 | $830,548 |
| Net Land, buildings, and equipment | $1,147,315 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $144,435,970 |
| Total assets | $169,747,389 |
| Accounts payable and accrued expenses | $2,118,647 |
| 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 | $19,510,539 |
| Total liabilities | $21,629,186 |
| Net assets without donor restrictions | $0 |
| 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 | $148,118,203 |
| Total liabilities and net assets/fund balances | $169,747,389 |
Grants Awarded
Over the last fiscal year, Tmt International Observatory Llc has awarded $132,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Hilo, HI PURPOSE: COMMUNITY SUPPORT | $112,500 |
Hilo, HI PURPOSE: ENVIRONMENTAL PRESERVATION | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tmt International Observatory Llc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Mithun Family Foundation Wayzata, MN PURPOSE: GENERAL FUND | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gmto Corporation Pasadena, CA | $305,649,164 | $8,771,769 |
California Association For Research In Astronomy Kamuela, HI | $81,069,087 | $25,670,237 |
Seti Institute Mountain View, CA | $26,724,400 | $28,045,270 |
Large Binocular Telescope Corporation Tucson, AZ | $104,607,014 | $11,909,094 |
Lowell Observatory Flagstaff, AZ | $78,377,713 | $22,823,113 |
Planetary Science Institute Tucson, AZ | $5,275,095 | $17,303,405 |
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 |
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 |