Lsst Inc
- Assets
- $4.1m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Tucson, AZ
- Founding
- 04/2004
- Data as of
- 09/2021
- EIN
- 56-2390650
Organization Overview
Lsst Inc is located in Tucson, AZ. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lsst Inc 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, Lsst Inc generated $1.1m 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 (5.7%) each year. All expenses for the organization totaled $1.1m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Lsst Inc has awarded 53 individual grants totaling $1,532,935. 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
TO ADVANCE UNDERSTANDING OF THE DYNAMIC UNIVERSE BY ENABLING LSST SCIENCE THROUGH RESEARCH AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LSST, INC., HEADQUARTERED IN TUCSON, ARIZONA, IS A NOT-FOR-PROFIT 501(C)(3) CORPORATION FORMED TO INITIATE THE LSST PROJECT AND ADVANCE THE SCIENCE OF ASTRONOMY AND PHYSICS. LSST, INC. IS A COLLABORATOR IN THE RUBIN OBSERVATORY CONSTRUCTION PROJECT (PREVIOUSLY THE LSST PROJECT), THAT IS FINANCIALLY SUPPORTED BY THE FEDERAL FUNDING AGENCIES, NSF AND DOE, AND BY PRIVATE CONTRIBUTIONS FROM LSST, INC. LSST, INC. REPRESENTS A CONSORTIUM OF NEARLY 35 INSTITUTIONAL MEMBERS. DURING RUBIN OPERATIONS THE PRIVATELY-FUNDED LSST CORPORATION (LSST, INC.) WILL FOCUS ON ENABLING SCIENCE BY HELPING THE COMMUNITY PREPARE TO MAXIMIZE THE SCIENCE IMPACT OF THE RUBIN OBSERVATORY LEGACY SURVEY OF SPACE AND TIME (LSST). LSST, INC. ANTICIPATES FUNDING WORKSHOPS, CLASSES, INTERNSHIPS, AND MORE TO TRAIN AND ENGAGE FUTURE USERS OF LSST TO GET THE MOST SCIENCE OUT OF THE TRANSFORMATIVE DATASET. LSST, INC. WILL ALSO OFFER SUPPORT TO THE LSST SCIENCE COLLABORATIONS, SELF-ASSEMBLED GROUPS OF SCIENTISTS FROM AROUND THE WORLD WITH A COMMON RESEARCH INTEREST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lucas Macri Chairman | OfficerTrustee | 2 | $0 |
Larry Gladney Treasurer | OfficerTrustee | 2 | $0 |
Buell Jannuzi Vice Chairman | OfficerTrustee | 2 | $0 |
Daniel Calabrese Corporate Secretary | Officer | 8 | $0 |
Patricia Eliason Executive Officer | Officer | 40 | $0 |
Federica Bianco Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $747,917 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $303,677 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,051,594 |
| Total Program Service Revenue | $0 |
| Investment income | $7 |
| 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 | $1,051,601 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $288,791 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $52,308 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $694,909 |
| Advertising and promotion | $0 |
| Office expenses | $6,081 |
| 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 | $5,350 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,356 |
| All other expenses | $0 |
| Total functional expenses | $1,056,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,848,108 |
| Pledges and grants receivable | $225,000 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,073,108 |
| Accounts payable and accrued expenses | $236,518 |
| Grants payable | $245,590 |
| 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 | $1,636,924 |
| Total liabilities | $2,119,032 |
| Net assets without donor restrictions | $1,492,525 |
| Net assets with donor restrictions | $461,551 |
| 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 | $4,073,108 |
Grants Awarded
Over the last fiscal year, Lsst Inc has awarded $209,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Evanston, IL PURPOSE: DATA SCIENCE FELLOWSHIP PROGRAM | $180,000 |
Urbana, IL PURPOSE: ENABLING SCIENCE | $10,000 |
Princeton, NJ PURPOSE: ENABLING SCIENCE | $10,000 |
Newark, DE PURPOSE: ENABLING SCIENCE | $9,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lsst Inc has recieved totaling $101,248.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $101,248 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
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 |