LARGE BINOCULAR TELESCOPE CORPORATION: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- LARGE BINOCULAR TELESCOPE CORPORATION (EIN 86-0724677)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-13
- IRS object ID
- 202313179349302996
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-11-13T09:48:14-06:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 860683059 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BEACHFLEISCHMAN PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1985 E RIVER ROAD SUITE 201 | AddressLine1Txt |
| City | TUCSON | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 85718 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 860724677 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LARGE BINOCULAR TELESCOPE CORPORATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LARG | BusinessNameControlTxt |
| Phone | 5206265231 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 933 NORTH CHERRY AVENUE ROOM 552 | AddressLine1Txt |
| City | TUCSON | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 85721 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ADRIANO FONTANA | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 5206265231 | PhoneNum |
| Signature | 2023-11-01 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | ADRIANO | PersonFirstNm |
| Person Last | FONTANA | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MONICA A VERA CPA | PreparerPersonNm |
| PTIN | P01456278 | PTIN |
| Phone | 5203214600 | PhoneNum |
| Preparation | 2023-11-01 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ADRIANO FONTANA | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 933 NORTH CHERRY AVENUE ROOM 552 | AddressLine1Txt |
| City | TUCSON | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 85721 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $12,383,410 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | LBTO.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1992 | FormationYr |
| Legal Domicile State | AZ | LegalDomicileStateCd |
| Activity Or Mission | TO CONSTRUCT AND OPERATE A RESEARCH FACILITY KNOWN AS THE LARGE BINOCULAR TELESCOPE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 10 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 13 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $11,908,500 | PYContributionsGrantsAmt |
| CY Contributions Grants | $12,373,805 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $118 | PYInvestmentIncomeAmt |
| CY Investment Income | $7,452 | CYInvestmentIncomeAmt |
| PY Other Revenue | $476 | PYOtherRevenueAmt |
| CY Other Revenue | $2,153 | CYOtherRevenueAmt |
| PY Total Revenue | $11,909,094 | PYTotalRevenueAmt |
| CY Total Revenue | $12,383,410 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $20,000 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $20,000 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $19,748,068 | PYOtherExpensesAmt |
| CY Other Expenses | $20,048,645 | CYOtherExpensesAmt |
| PY Total Expenses | $19,768,068 | PYTotalExpensesAmt |
| CY Total Expenses | $20,068,645 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$7,858,974 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$7,685,235 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $104,607,014 | TotalAssetsBOYAmt |
| Total Assets EOY | $100,280,191 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $7,584,005 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $7,972,417 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $97,023,009 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $92,307,774 | NetAssetsOrFundBalancesEOYAmt |
| Mission | THE LBT CORPORATION'S PURPOSE IS TO MAINTAIN AND OPERATE A LARGE OPTICAL OBSERVATORY FOR ASTRONOMICAL RESEARCH WHICH WILL EXPAND HUMANITY'S KNOWLEDGE OF SPACE FROM THE VICINITY OF EARTH TO THE EDGE OF THE OBSERVABLE UNIVERSE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $18,097,683 | ExpenseAmt |
| Desc | A TOTAL OF 267 NIGHTS WERE OFFERED TO THE LBTO PARTNERS AND SCIENCE STAFF IN 2022 FOR SCIENTIFIC OBSERVATIONS, WHILE 37 WERE DEVOTED TO ENGINEERING WORK AND COMMISSIONING OF NEW INSTRUMENTATION. POOR WEATHER CONDITIONS RESULTED IN A LOSS OF 43% OF SCIENCE OBSERVING TIME DURING 2022, WHICH IS SOMEWHAT HIGHER THAN THE AVERAGE ANNUAL LOSS.A TOTAL OF 62 SCIENTIFIC PAPERS BASED ON LBT DATA WERE PUBLISHED IN 2022 IN REFERRED JOURNALS. | Desc |
| Total Program Service Expenses | $18,097,683 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | Yes (1) | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 2 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 10 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | 0 | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ELIZABETH GREEN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5206265231 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 933 NORTH CHERRY AVENUE ROOM 552 | AddressLine1Txt |
| City | TUCSON | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 85721 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| ADRIANO FONTANA | ||||||
| CHAIRMAN & PRESIDENT | 2.00 | Yes (X) | Yes (X) | $20,000 | $0 | $0 |
| EVAN KIRBY | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ANDREAS QUIRRENBACH | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ROBERTO RAGAZZONI | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MATTHIAS STEINMETZ | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MARK WHITTLE | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| DENNIS ZARITSKY | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| BUELL JANNUZI | ||||||
| DIRECTOR & MEMBER REPRESENTATIVE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| THOMAS HENNING | ||||||
| MEMBER REPRESENTATIVE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| SUSAN OLESIK | ||||||
| MEMBER REPRESENTATIVE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| FILLIPPO ZERBI | ||||||
| MEMBER REPRESENTATIVE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| CHRIS KOCHANEK | ||||||
| VICE CHAIRMAN | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| MATHIAS VOSS | ||||||
| TREASURER | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ELIZABETH GREEN | ||||||
| SECRETARY | 2.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $20,000 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| TRANE US INC | |||||
| 3600 PAMMEL CEEK ROAD | LA CROSSE | WI | 54601 | CHILLER UNIT & INSTALLATION | $202,578 |
| SEMICONDUCTOR TECHNOLOGY ASSOCIATION | |||||
| 1241 PUERTA DEL SOL | SAN CLEMENTE | CA | 92673 | CCD DEVICES ON INVAR SUBSTRATES | $135,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $6,108,805 | GovernmentGrantsAmt |
| All Other Contributions | $6,265,000 | AllOtherContributionsAmt |
| Total Contributions | $12,373,805 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $318 | TotalRevenueColumnAmt |
| Exclusion | $318 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $7,134 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $7,134 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,134 | TotalRevenueColumnAmt |
| Exclusion | $7,134 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $2,153 | TotalRevenueColumnAmt |
| Exclusion | $2,153 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $2,153 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $12,383,410 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $9,605 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,000 | TotalAmt |
| Management And General | $20,000 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36,175 | TotalAmt |
| Management And General | $36,175 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $414,438 | TotalAmt |
| Program Services | $370,519 | ProgramServicesAmt |
| Management And General | $43,919 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,797 | TotalAmt |
| Program Services | $12,797 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $82,531 | TotalAmt |
| Program Services | $77,158 | ProgramServicesAmt |
| Management And General | $5,373 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $79,876 | TotalAmt |
| Program Services | $79,876 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,211,190 | TotalAmt |
| Program Services | $1,211,190 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $67,939 | TotalAmt |
| Program Services | $66,720 | ProgramServicesAmt |
| Management And General | $1,219 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,296 | TotalAmt |
| Program Services | $2,443 | ProgramServicesAmt |
| Management And General | $3,853 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,748,977 | TotalAmt |
| Program Services | $7,748,977 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,645 | TotalAmt |
| Management And General | $3,645 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| CONTRACT PERSONNEL | $6,604,975 | $6,604,975 | |
| UA SUPPORT SERVICES | $1,856,778 | $1,856,778 | |
| CONTRACT SVCS WITH MGIO | $1,338,740 | $1,338,740 | |
| OTHER OPERATING EXPENSE | $584,288 | $584,288 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,068,645 | TotalAmt |
| Program Services | $18,097,683 | ProgramServicesAmt |
| Management And General | $1,970,962 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,463,462 | BOYAmt |
| EOY | $4,447,387 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,794 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $62,780 | BOYAmt |
| EOY | $57,488 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $175,526,192 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $79,750,876 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $100,057,978 | BOYAmt |
| EOY | $95,775,316 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $104,607,014 | BOYAmt |
| EOY | $100,280,191 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $316,308 | BOYAmt |
| EOY | $342,703 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,267,697 | BOYAmt |
| EOY | $7,629,714 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,584,005 | BOYAmt |
| EOY | $7,972,417 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $97,023,009 | BOYAmt |
| EOY | $92,307,774 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $97,023,009 | BOYAmt |
| EOY | $92,307,774 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $104,607,014 | BOYAmt |
| EOY | $100,280,191 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$7,685,235 | ReconcilationRevenueExpnssAmt |
| Prior Period Adjustments | $2,970,000 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $16,464,780 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $18,387,103 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $12,292,800 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $11,908,500 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $12,373,805 | CurrentTaxYearAmt |
| Total | $71,426,988 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $16,464,780 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $18,387,103 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $12,292,800 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $11,908,500 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $12,373,805 | CurrentTaxYearAmt |
| Total | $71,426,988 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $34,991,792 | SubstantialContributorsTotAmt |
| Public Support Total170 | $36,435,196 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,993 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $46 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $41 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $48 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $318 | CurrentTaxYearAmt |
| Total | $5,446 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $49,326 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $20,875 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,045 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $476 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,153 | CurrentTaxYearAmt |
| Total | $74,875 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $71,507,309 | TotalSupportAmt |
| Public Support CY170 | 0.50950 | PublicSupportCY170Pct |
| Public Support PY170 | 0.48880 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $72,487,352 | OtherCostOrOtherBasisAmt |
| Depreciation | $27,986,834 | DepreciationAmt |
| Book Value | $44,500,518 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $101,914,275 | OtherCostOrOtherBasisAmt |
| Depreciation | $51,764,042 | DepreciationAmt |
| Book Value | $50,150,233 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,124,565 | OtherCostOrOtherBasisAmt |
| Book Value | $1,124,565 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $95,775,316 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| DUE TO MEMBERS | $2,629,714 |
| ASSET RETIREMENT OBLIGATION | $5,000,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $7,629,714 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $12,539,410 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $156,000 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $156,000 | RevenueNotReportedAmt |
| Revenue Subtotal | $12,383,410 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $12,383,410 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $20,224,645 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $156,000 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $156,000 | ExpensesNotReportedAmt |
| Expenses Subtotal | $20,068,645 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $20,068,645 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | ASC 740 FINANCIAL STATEMENT FOOTNOTE: THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER BOTH FEDERAL INTERNAL REVENUE CODE (IRC) 501(C)(3) AND ARIZONA INCOME TAX LAWS, AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION UNDER IRC 509(A)(1). INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE, HOWEVER, MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS TAXABLE INCOME. FROM TIME TO TIME, THE ORGANIZATION MAY BE SUBJECT TO PENALTIES AND INTEREST ASSESSED BY VARIOUS TAXING AUTHORITIES, WHICH ARE CLASSIFIED AS GENERAL AND ADMINISTRATIVE EXPENSES, IF THEY OCCUR. | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE UNIVERSITY OF ARIZONA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | FOUNDING MEMBER OF THE ORGANIZATION (OPERATIONS SUPPORT AGREEMENT) | RelationshipDescriptionTxt |
| Transaction | $8,037,935 | TransactionAmt |
| Transaction | QUARTERLY PAYMENTS FOR SALARY, EQUIPMENT AND SUPPLY CHARGES TO UA ACCOUNTS. | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION IS SUPPORTED BY MEMBERS WHICH HAVE AGREED TO CONTINUE TO SUPPORT THE TELESCOPE PROGRAM THROUGH MEMBER CONTRIBUTIONS PROPORTIONATE TO THEIR MEMBERSHIP LEVELS. THE MEMBERS ARE ALLOCATED TIME FOR TELESCOPE USE PROPORTIONATE TO THEIR CONTRIBUTIONS MADE THROUGH BOTH CASH AND NON-CASH PAYMENTS. |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERS OF THE ORGANIZATION APPOINT MEMBERS TO THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7B | AMENDMENTS OF THE ARTICLES OF INCORPORATION REQUIRE UNANIMOUS APPROVAL OF MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 8B | CONTEMPORANEOUS DOCUMENTATION IS TAKEN AT GOVERNING BODY MEETINGS, HOWEVER, DOCUMENTATION IS NOT TAKEN AT COMMITTEE MEETINGS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE BUSINESS MANAGER WILL CONDUCT AN INITIAL REVIEW OF THE FORM 990. THE FINANCE COMMITTEE THEN REVIEWS THE FORM 990 ON BEHALF OF THE BOARD OF DIRECTORS. UPON APPROVAL OF THE FINANCE COMMITTEE, THE BOARD IS NOTIFIED THAT THE FORM 990 IS AVAILABLE ON-LINE AND THE PRESIDENT IS AUTHORIZED TO SIGN THE FORM 990 FOR SUBMISSION TO THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CORPORATE SECRETARY DISTRIBUTES ANNUAL CONFLICT OF INTEREST FORMS TO ALL DIRECTORS, OFFICERS, MEMBER REPRESENTATIVES, VOTING MEMBERS OF THE BOARD FINANCE COMMITTEE, MEMBERS OF THE BOARD SCIENTIFIC ADVISORY COMMITTEE, THE OBSERVATORY DIRECTOR, AND BUSINESS MANAGER. BY SIGNING THE FORMS AND RETURNING THEM TO THE SECRETARY, THESE PEOPLE AFFIRM THAT THEY HAVE READ AND UNDERSTAND THE CONFLICT OF INTEREST POLICY OF THE LBT CORPORATION AND HAVE DISCLOSED ANY POSSIBLE CONFLICTS. THE SECRETARY REVIEWS THE FORMS FOR ANY DISCLOSURES AND KEEPS THEM WITH THE CORPORATE RECORDS. ANY DISCLOSED CONFLICTS ARE REFERRED TO THE BOARD FOR THEIR INFORMATION. ANY FURTHER ACTION CONCERNING DISCLOSED CONFLICTS OR POSSIBLE CONFLICTS ARE HANDLED ACCORDING TO THE PROCEDURES CONTAINED IN THE LBT CORPORATION CONFLICT OF INTEREST POLICY. |
| FORM 990, PART VI, SECTION B, LINE 15B | ONLY ONE DIRECTOR RECEIVES A FEE FOR SERVICE ON THE BOARD. THAT FEE OF $20,000 WAS SET AFTER REVIEW BY THE INDEPENDENT DIRECTORS OF THE CORPORATION IN CONSULTATION WITH THE CORPORATION'S AUDIT AND TAX ADVISORS. THE SALARY OF THE OBSERVATORY DIRECTOR, AND ALL OTHER EMPLOYEES, IS SET BY THE UNIVERSITY OF ARIZONA PURSUANT TO AN OPERATIONAL SUPPORT AGREEMENT WITH THE LBT CORPORATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
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