Vatican Observatory Foundation A Nonprofit Corporation
- Assets
- $3.6m
- Revenue
- $864.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Tucson, AZ
- Founding
- 01/1987
- Data as of
- 12/2021
- EIN
- 86-0559994
Organization Overview
Vatican Observatory Foundation A Nonprofit Corporation is located in Tucson, AZ. The organization was established in 1987. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vatican Observatory Foundation A Nonprofit 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, Vatican Observatory Foundation A Nonprofit Corporation generated $864.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $751.3k during the year ending 12/2021. 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
ASTRONOMICAL RESEARCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OPERATES TELESCOPE AND OBSERVATORY FACILITIES IN CONJUNCTION WITH THE UNIVERSITY OF ARIZONA, STEWARD OBSERVATORY FOR SCIENTIFIC AND EDUCATIONAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katie Steinke Director | Trustee | 0.7 | $12,000 |
Richard J Friedrich Chairman Of The Board | OfficerTrustee | 0.7 | $0 |
FR Christopher Corbally Sj Secretary | OfficerTrustee | 0.7 | $0 |
Rev Paul R Mueller Sj Vice President | OfficerTrustee | 0.7 | $0 |
Br Tom Williams Sj Treasurer | OfficerTrustee | 0.7 | $0 |
Br Guy Consolmagno Sj President | OfficerTrustee | 20 | $0 |
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 | $539,394 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $539,394 |
| Total Program Service Revenue | $113,355 |
| Investment income | $57,985 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $153,028 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $843 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $864,605 |
| 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. | $12,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $124,493 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,667 |
| Fees for services: Accounting | $42,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,475 |
| Advertising and promotion | $0 |
| Office expenses | $41,663 |
| Information technology | $66,770 |
| Royalties | $0 |
| Occupancy | $19,368 |
| Travel | $6,285 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $69 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $90,408 |
| Insurance | $18,340 |
| All other expenses | $38,744 |
| Total functional expenses | $751,259 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,671 |
| Savings and temporary cash investments | $634,268 |
| Pledges and grants receivable | $0 |
| 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 | $760,226 |
| Investments—publicly traded securities | $2,195,657 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,618,822 |
| Accounts payable and accrued expenses | $68,153 |
| Grants payable | $0 |
| Deferred revenue | $5,912 |
| 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 | $13,310 |
| Total liabilities | $87,375 |
| Net assets without donor restrictions | $1,493,829 |
| Net assets with donor restrictions | $2,037,618 |
| 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 | $3,618,822 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Vatican Observatory Foundation A Nonprofit Corporation has recieved totaling $12,100.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $12,000 |
Chubb Charitable Foundation Philadelphia, PA PURPOSE: MATCHING GIFTS | $100 |
Endowment Analysis
| Beg. Balance | $1,852,629 |
| Earnings | $154,339 |
| Ending Balance | $2,006,968 |
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