BETA

LARGE BINOCULAR TELESCOPE CORPORATION: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
LARGE BINOCULAR TELESCOPE CORPORATION (EIN 86-0724677)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-09
IRS object ID
202243139349302164
Schema version
2021v4.2
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

FieldValueIRS element (for citing)
Return2022-11-09T10:05:28-06:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN860683059PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BEACHFLEISCHMAN PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11985 E RIVER ROAD SUITE 201AddressLine1Txt
CityTUCSONCityNm
State AbbreviationAZStateAbbreviationCd
ZIP85718ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN860724677EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LARGE BINOCULAR TELESCOPE CORPORATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLARGBusinessNameControlTxt
Phone5206265231PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1933 NORTH CHERRY AVENUE ROOM 552AddressLine1Txt
CityTUCSONCityNm
State AbbreviationAZStateAbbreviationCd
ZIP85721ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonADRIANO FONTANAPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone5206265231PhoneNum
Signature2022-10-21SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstADRIANOPersonFirstNm
Person LastFONTANAPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMONICA A VERA CPAPreparerPersonNm
PTINP01456278PTIN
Phone5203214600PhoneNum
Preparation2022-10-21PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerADRIANO FONTANAPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1933 NORTH CHERRY AVENUE ROOM 552AddressLine1Txt
CityTUCSONCityNm
State AbbreviationAZStateAbbreviationCd
ZIP85721ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$11,909,094GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressLBTO.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1992FormationYr
Legal Domicile StateAZLegalDomicileStateCd
Activity Or MissionTO CONSTRUCT AND OPERATE A RESEARCH FACILITY KNOWN AS THE LARGE BINOCULAR TELESCOPE.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent10VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers14TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$12,292,800PYContributionsGrantsAmt
CY Contributions Grants$11,908,500CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$4,472PYInvestmentIncomeAmt
CY Investment Income$118CYInvestmentIncomeAmt
PY Other Revenue$2,045PYOtherRevenueAmt
CY Other Revenue$476CYOtherRevenueAmt
PY Total Revenue$12,299,317PYTotalRevenueAmt
CY Total Revenue$11,909,094CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$20,000PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$20,000CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$19,493,087PYOtherExpensesAmt
CY Other Expenses$19,748,068CYOtherExpensesAmt
PY Total Expenses$19,513,087PYTotalExpensesAmt
CY Total Expenses$19,768,068CYTotalExpensesAmt
PY Revenues Less Expenses-$7,213,770PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$7,858,974CYRevenuesLessExpensesAmt
Total Assets BOY$112,935,618TotalAssetsBOYAmt
Total Assets EOY$104,607,014TotalAssetsEOYAmt
Total Liabilities BOY$8,053,635TotalLiabilitiesBOYAmt
Total Liabilities EOY$7,584,005TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$104,881,983NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$97,023,009NetAssetsOrFundBalancesEOYAmt
MissionTHE LBT CORPORATION'S PURPOSE IS TO MAINTAIN AND OPERATE A LARGE OPTICAL OBSERVATORY FOR ASTRONOMICAL RESEARCH WHICH WILL EXPAND MANKIND'S KNOWLEDGE OF SPACE FROM THE VICINITY OF EARTH TO THE EDGE OF THE OBSERVABLE UNIVERSE.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$17,754,747ExpenseAmt
DescA TOTAL OF 280 NIGHTS WERE OFFERED TO THE LBTO PARTNERS AND SCIENCE STAFF IN 2021 FOR SCIENTIFIC OBSERVATIONS, WHILE 34 WERE DEVOTED TO ENGINEERING WORK AND COMMISSIONING OF NEW INSTRUMENTATION. THE WEATHER WAS CLOSE TO THE AVERAGE OF THE PAST 11 YEARS, WITH 37% OF THE SCIENCE TIME LOST TO POOR WEATHER. A TOTAL OF 54 SCIENTIFIC PAPERS BASED ON LBT DATA WERE PUBLISHED IN 2021 IN REFEREED JOURNALS, USING OBSERVATIONS TAKEN BETWEEN 2008 FOR THE OLDEST DATA SET AND 2021 FOR THE MOST RECENT.Desc
Total Program Service Expenses$17,754,747TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntYes (1)BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document2IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member10IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ELIZABETH GREENBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5206265231PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1933 NORTH CHERRY AVENUE ROOM 552AddressLine1Txt
CityTUCSONCityNm
State AbbreviationAZStateAbbreviationCd
ZIP85721ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
ADRIANO FONTANA
CHAIRMAN & PRESIDENT2.00Yes (X)Yes (X)$20,000$0$0
ANDREAS QUIRRENBACH
DIRECTOR2.00Yes (X)$0$0$0
ROBERTO RAGAZZONI
DIRECTOR2.00Yes (X)$0$0$0
MATTHIAS STEINMETZ
DIRECTOR2.00Yes (X)$0$0$0
MARK WHITTLE
DIRECTOR2.00Yes (X)$0$0$0
DENNIS ZARITSKY
DIRECTOR2.00Yes (X)$0$0$0
BUELL JANNUZI
DIRECTOR & MEMBER REPRESENTATIVE2.00Yes (X)$0$0$0
THOMAS HENNING
MEMBER REPRESENTATIVE2.00Yes (X)$0$0$0
SUSAN OLESIK
MEMBER REPRESENTATIVE2.00Yes (X)$0$0$0
FILLIPPO ZERBI
MEMBER REPRESENTATIVE2.00Yes (X)$0$0$0
CHRIS KOCHANEK
VICE CHAIRMAN2.00Yes (X)Yes (X)$0$0$0
MATHIAS VOSS
TREASURER2.00Yes (X)$0$0$0
ELIZABETH GREEN
SECRETARY2.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$20,000TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
TRANE US INC
3600 PAMMEL CEEK ROADLA CROSSEWI54601CHILLER UNIT & INSTALLATION$354,740
DO WARD CUSTOM BUILDERS INC
3429 W 8TH STREETSAFFORDAZ85552BALCONY CONSTRUCTION$127,700
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt
Government Grants$5,878,500GovernmentGrantsAmt
All Other Contributions$6,030,000AllOtherContributionsAmt
Total Contributions$11,908,500TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$48TotalRevenueColumnAmt
Exclusion$48ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$70SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$0SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$70SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$70TotalRevenueColumnAmt
Exclusion$70ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUSDesc
Business900099BusinessCd
Total Revenue Column$476TotalRevenueColumnAmt
Related Or Exempt Func Income$476RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$476OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$11,909,094TotalRevenueColumnAmt
Related Or Exempt Func Income$476RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$118ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$20,000TotalAmt
Management And General$20,000ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$23,850TotalAmt
Management And General$23,850ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$536,730TotalAmt
Program Services$468,473ProgramServicesAmt
Management And General$68,257ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$7,304TotalAmt
Program Services$7,304ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$67,348TotalAmt
Program Services$64,449ProgramServicesAmt
Management And General$2,899ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$87,433TotalAmt
Program Services$87,433ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$1,181,685TotalAmt
Program Services$1,181,685ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$33,665TotalAmt
Program Services$33,665ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$1,754TotalAmt
Program Services$1,754ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$7,315,881TotalAmt
Program Services$7,315,881ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$3,645TotalAmt
Management And General$3,645ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
CONTRACT PERSONNEL$6,778,062$6,778,062
UA SUPPORT SERVICES$1,894,670$1,894,670
CONTRACT SVCS WITH MGIO$1,239,787$1,239,787
OTHER OPERATING EXPENSE$576,254$576,254

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$19,768,068TotalAmt
Program Services$17,754,747ProgramServicesAmt
Management And General$2,013,321ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$5,926,673BOYAmt
EOY$4,463,462EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$6,663BOYAmt
EOY$22,794EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$153,720BOYAmt
EOY$62,780EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$171,014,422LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$70,956,444LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$106,848,562BOYAmt
EOY$100,057,978EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$112,935,618BOYAmt
EOY$104,607,014EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$255,858BOYAmt
EOY$316,308EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$7,797,777BOYAmt
EOY$7,267,697EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$8,053,635BOYAmt
EOY$7,584,005EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$104,881,983BOYAmt
EOY$97,023,009EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$104,881,983BOYAmt
EOY$97,023,009EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$112,935,618BOYAmt
EOY$104,607,014EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$7,858,974ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$14,320,346CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$16,464,780CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$18,387,103CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$12,292,800CurrentTaxYearMinus1YearAmt
Current Tax Year$11,908,500CurrentTaxYearAmt
Total$73,373,529TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$14,320,346CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$16,464,780CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$18,387,103CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$12,292,800CurrentTaxYearMinus1YearAmt
Current Tax Year$11,908,500CurrentTaxYearAmt
Total$73,373,529TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$37,457,757SubstantialContributorsTotAmt
Public Support Total170$35,915,772PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,030CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,993CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$46CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$41CurrentTaxYearMinus1YearAmt
Current Tax Year$48CurrentTaxYearAmt
Total$8,158TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$20,143CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$49,326CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$20,875CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,045CurrentTaxYearMinus1YearAmt
Current Tax Year$476CurrentTaxYearAmt
Total$92,865TotalAmt
FieldValueIRS element (for citing)
Total Support$73,474,552TotalSupportAmt
Public Support CY1700.48880PublicSupportCY170Pct
Public Support PY1700.46120PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$72,365,135OtherCostOrOtherBasisAmt
Depreciation$26,174,650DepreciationAmt
Book Value$46,190,485BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$97,429,205OtherCostOrOtherBasisAmt
Depreciation$44,781,794DepreciationAmt
Book Value$52,647,411BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,220,082OtherCostOrOtherBasisAmt
Book Value$1,220,082BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$100,057,978TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
DUE TO MEMBERS$2,267,697
ASSET RETIREMENT OBLIGATION$5,000,000
FieldValueIRS element (for citing)
Total Liability$7,267,697TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$12,060,594TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$151,500DonatedServicesAndUseFcltsAmt
Revenue Not Reported$151,500RevenueNotReportedAmt
Revenue Subtotal$11,909,094RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$11,909,094TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$19,919,568TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$151,500DonatedServicesUseFcltsAmt
Expenses Not Reported$151,500ExpensesNotReportedAmt
Expenses Subtotal$19,768,068ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$19,768,068TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationASC 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

FieldValueIRS element (for citing)
Business Name Line1THE UNIVERSITY OF ARIZONABusinessNameLine1Txt
FieldValueIRS element (for citing)
Relationship DescriptionFOUNDING MEMBER OF THE ORGANIZATION (OPERATIONS SUPPORT AGREEMENT)RelationshipDescriptionTxt
Transaction$8,945,150TransactionAmt
TransactionQUARTERLY PAYMENTS FOR SALARY, EQUIPMENT AND SUPPLY CHARGES TO UA ACCOUNTS.TransactionDesc
Sharing Of Revenues0SharingOfRevenuesInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6THE 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 7AMEMBERS OF THE ORGANIZATION APPOINT MEMBERS TO THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION A, LINE 7BAMENDMENTS OF THE ARTICLES OF INCORPORATION REQUIRE UNANIMOUS APPROVAL OF MEMBERS.
FORM 990, PART VI, SECTION A, LINE 8BCONTEMPORANEOUS DOCUMENTATION IS TAKEN AT GOVERNING BODY MEETINGS, HOWEVER, DOCUMENTATION IS NOT TAKEN AT COMMITTEE MEETINGS.
FORM 990, PART VI, SECTION B, LINE 11BTHE 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 12CTHE 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 15BONLY 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 19THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.

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