2016-05-16T12:43:08-05:00 2015-06-30 GRANT THORNTON LLP 515 S FLOWER STREET 7TH FLOOR LOS ANGELES CA 90071 990 2014-07-01 262637707 GMTO Corporation % ALAN GORDON GMTO 6262040552 465 North Halstead St Ste 250 Pasadena CA 91107 alan gordon chief financial officer 6262040514 2016-04-13 true ROSEMARIE BROWN P01278077 2136271717 2014 2016-08-17 19:52:53Z X Patrick McCarthy 465 N Halstead St ste 250 Pasadena CA 91107 347399787 false X www.gmto.org X 2007 DE See Schedule O 14 14 46 16 0 27724197 347331447 0 0 68585 68340 0 0 27792782 347399787 0 0 0 0 7566121 10263231 0 0 535224 3460227 6343742 11026348 16606973 16766434 330792814 107563164 440351720 2899341 4895083 104663823 435456637 The Giant Magellan Telescope Organization is a collaborative effort between universities and research institutions to build a next-generation extremely large telescope for astronomical research. false false 10579536 The entire purpose of the organization is to design and build the Giant Magellan Telescope, and operate it when complete. All contributions and all expenses are geared toward the fulfillment of that one purpose. 10579536 true true false false false false false false false false true false false true true true true false false true true false false false false false false false false true false false false false false false false false true false false false false false false false false true 47 0 true 46 true false true CI false false false false false false false false X 14 14 false false false false false false false true true false false true true true true true true true true false CA X ALAN GORDON 6262040544 465 NORTH HALSTEAD SUITE 250 Pasadena CA 91107 X JOHN MULCHAEY Board Member 1.0 0.0 X 0 0 0 MATTHEW SCOTT BOARD MEMBER 1.0 0.0 X 0 0 0 Joao Steiner Board Member 1.0 0.0 X 0 0 0 Charles Alcock Board Member 1.0 0.0 X 0 0 0 Buell Jannuzi Board Member 1.0 0.0 X 0 0 0 Taft Armandroff Chair, Board of Directors 1.0 0.0 X 0 0 0 IN-SOO YUK Board Member 1.0 0.0 X 0 0 0 JOSEPH NEWTON Board Member 1.0 0.0 X 0 0 0 KIMBERLY ESPY Board Member 1.0 0.0 X 0 0 0 KARL GEPHARDT Board Member 1.0 0.0 X 0 0 0 Byeong-Gon Park Board Member 1.0 0.0 X 0 0 0 CYNTHIA ALLEN BOARD MEMBER 1.0 0.0 X 0 0 0 WARRICK COUCH BOARD MEMBER 1.0 0.0 X 0 0 0 EDWARD ROCKY KOLB BOARD MEMBER 1.0 0.0 X 0 0 0 MATTHEW COLLESS BOARD MEMBER 1.0 0.0 X 0 0 0 WENDY FREEDMAN BOARD MEMBER 1.0 0.0 X 0 0 0 EDWARD MOSES PRESIDENT 40.0 0.0 X X 144938 0 16700 Patrick McCarthy DIRECTOR 40.0 0.0 X 221609 0 47720 Bret Schaefer CFO - CYPT 40.0 0.0 X 254220 0 81305 Keith Raybould Project Manager - cypt 40.0 0.0 X 258300 0 76121 MICHAEL SHEEHAN Facilities/Enc. Lead Eng.-CYPT 40.0 0.0 X 183658 0 62421 Matthew Johns Telescope Lead Eng. - CYPT 40.0 0.0 X 247085 0 52581 Rebecca Bernstein Project Scientist 40.0 0.0 X 263000 0 52204 Bruce Bigelow Opto-Mechanical Engineer 40.0 0.0 X 231113 0 50550 George Jacoby Instrumentation Scientist 40.0 0.0 X 175200 0 36627 Michael Long VP, Development 40.0 0.0 X 134615 0 25101 2113738 0 501330 29 true true false Smithsonian Institution 60 Garden Street CAMBRIDGE MA 02138 Design 3664011 Australian National University FIN AND GS BLDG CANBERRA 0 AS 0200 Design 1130142 M3 2501 West Sunset Road TUCSON AZ 85741 Engineering 2213924 University of Arizona 888 N Euclid Avenue TUCSON AZ 85719 Mirror fabrication 2075000 Carnegie Institution of Washington 1530 P St NW WASHINGTON DC 20005 Staffing 1129773 20 347331447 12500000 347331447 0 68340 68340 0 0 0 0 0 0 0 0 0 0 347399787 68340 0 0 0 0 1423009 201221 1221788 0 6709507 4786970 1768488 154049 871262 665964 178164 27134 333245 204401 122532 6312 926208 568102 340561 17545 0 687319 687319 243778 243778 0 0 0 2434196 1504613 929583 0 166058 166058 405158 405158 0 563265 563265 623680 623680 0 114119 114119 141 141 0 101019 101019 124785 124785 ADVANCEMENT 330184 330184 RELOCATION ASSISTANCE 188494 188494 MEALS AND ENTERTAINMENT 124608 124608 COMMUNICATIONS 55743 55743 181195 181195 16606973 10579536 5492213 535224 0 0 40564388 134874732 0 209374592 0 5016093 0 0 0 0 91978 72499 0 0 114267 1192604 4561183 1191203 2932543 3369980 0 0 0 0 0 0 0 0 63859988 86451220 107563164 440351720 2827448 4818055 0 0 0 0 0 0 0 0 0 0 0 0 0 0 71893 77028 2899341 4895083 X 104663823 213582045 0 221874592 0 0 104663823 435456637 107563164 440351720 330792814 X false true X true false X 14704645 20503989 38066705 27724197 347331447 448330983 0 0 14704645 20503989 38066705 27724197 347331447 448330983 0 448330983 93529 91333 73461 68585 68340 395248 0 0 448726231 0.99912 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 629653 368727 260926 3864192 820884 3043308 67338 1592 65746 3369980 WORK IN PROCESS 73951220 USE OF LAND - CARNEGIE 12500000 86451220 0 DEFERRED RENT 77028 77028 X 347399787 347399787 347399787 16606973 16606973 16606973 SCHEDULE D, PART X, LINE 2 As required by US GAAP, the Corporation has identified and evaluated its significant tax positions for which the statute of limitations remain open and has determined that there is no material unrecognized benefit or liability to be recorded. The open tax years are the years ended June 30, 2010 through June 30, 2015 for federal tax purposes and the years ended June 30, 2009 through June 30, 2015 for California tax purposes. There have been no material changes in unrecognized benefits as of June 30, 2015, nor are any material changes anticipated in the twelve months following June 30, 2015. There have been no related tax penalties or interest, which would be classified as a tax expense in the statement of activities. South America 1 10 Program Services Business office 1003000 1 10 1 10 1003000 1003000 false false false false false false X true true X X X X X true false false false false false false false false Patrick McCarthy DIRECTOR 221609 0 0 0 0 0 35036 0 12684 0 269329 0 0 0 Bret Schaefer CFO - CYPT 254220 0 0 0 0 0 47735 0 33570 0 335525 0 0 0 Keith Raybould Project Manager - cypt 252467 0 0 0 5833 0 46280 0 29841 0 334421 0 0 0 Michael Long VP, Development 125000 0 0 0 9615 0 24904 0 197 0 159716 0 0 0 MICHAEL SHEEHAN Facilities/Enc. Lead Eng.-CYPT 183658 0 0 0 0 0 34498 0 27923 0 246079 0 0 0 Matthew Johns Telescope Lead Eng. - CYPT 224085 0 0 0 23000 0 40217 0 12364 0 299666 0 0 0 Rebecca Bernstein Project Scientist 205500 0 57500 0 0 0 46552 0 5652 0 315204 0 0 0 Bruce Bigelow Opto-Mechanical Engineer 173613 0 57500 0 0 0 39397 0 11153 0 281663 0 0 0 George Jacoby Instrumentation Scientist 175200 0 0 0 0 0 36233 0 394 0 211827 0 0 0 EDWARD MOSES PRESIDENT 144938 0 0 0 0 0 16306 0 394 0 161638 0 0 0 SCHEDULE J, PART I, LINE 1A Housing allowances are occasionally granted as hiring incentives. The allowances are generally of a limited duration. SCHEDULE J, PART I, LINE 4A Bret Schaefer, CFO and Secretary, received severance of $38,482 in June 2015. X Use of land owned by Carnegie Inst. of Science 1 12500000 Outside appraisal false false true SCHEDULE M, PART I, COLUMN (B) During the year ended June 30, 2015, the only in-kind contribution was the $12.5 million contribution from the Carnegie Institution of Washington ("Carnegie"). As part of its commitment to fund the Corporation, Carnegie has contributed the long term rights for a period of 100 years to use land in Las Campanas, Chile for the construction and operation of the Giant Magellan Telescope. The contribution was recognized in fiscal year 2015 as all requirements for the contribution were satisfied and it was approved by the Board. This $12.5 million is reflected on the statement of financial position as restricted other assets. SCHEDULE M, PART I, LINE 32A Related organizations have their own Development depARTMENTs to solicit contributions. FORM 990, PART I, LINE 1 THE MISSION OF THE ORGANIZATION THE GIANT MAGELLAN TELESCOPE ORGANIZATION IS A COLLABORATIVE EFFORT BETWEEN UNIVERSITIES AND RESEARCH INSTITUTIONS TO BUILD A NEXT-GENERATION EXTREMELY LARGE TELESCOPE FOR ASTRONOMICAL RESEARCH. FORM 990, PART VI, SECTION B, LINE 11B PROCESS USED TO REVIEW FORM 990 A DRAFT OF THE FORM 990 IS EMAILED TO GMTO EXECUTIVE MANAGEMENT AND THE VOTING BOARD OF DIRECTORS FOR REVIEW AND COMMENT PRIOR TO FILING. ONCE THE FORM 990 HAS BEEN FILED, THE FINAL FORM 990 IS AGAIN EMAILED TO THE VOTING BOARD OF DIRECTORS AND ALSO PUT ON A SHARED DRIVE FOR ACCESS BY THE ENTIRE GMTO ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 12C PROCESS USED TO MONITOR AND ENFORCE CONFICT OF INTEREST POLICY ANNUALLY EACH BOARD MEMBER MUST COMPLETE A DOCUMENT IN WHICH THE MEMBER ATTESTS WHETHER ANY CONFLICTS OF INTEREST EXIST. FORM 990, PART VI, SECTION B, LINES 15A AND 15B PROCESS FOR DETERMINING COMPENSATION FOR TOP EXECUTIVE HIRES, AN INDEPENDENT COMPENSATION FIRM IS ENGAGED TO VALIDATE PROPOSED COMPENSATION PACKAGES. THE PROPOSED COMPENSATION PACKAGES IS BASED UPON COMPARABILITY DATA. ADDITIONALLY, A COMPENSATION COMMITTEE (COMPRISED OF A FEW BOARD MEMBERS) HAS BEEN CREATED TO APPROVE ALL HIGHER LEVEL MANAGEMENT COMPENSATION PACKAGES. FOR ALL OTHER OFFICERS AND KEY EMPLOYEES, PROPOSED COMPENSATION PACKAGES ARE DETERMINED BY USING COMPARABLE DATA AND/OR ENGAGING AN INDEPENDENT COMPENSATION AND BENEFITS CONSULTING FIRM. THE COMPENSATION COMMITTEE THEN REVIEWS AND APPROVES THE PROPOSED COMPENSATION PACKAGE. FORM 990, PART VI, SECTION C, LINE 19 METHOD OF MAKING DOCUMENTS AVAILABLE TO THE PUBLIC FINANCIAL STATEMENTS ARE MADE PUBLIC THROUGH THE FILING OF THE FORM 990. FORM 990 PART IX LINE 11G DESCRIPTION:ADMINISTRATION TOTAL FEES:130734 FORM 990 PART IX LINE 11G DESCRIPTION:DEVELOPMENT TOTAL FEES:28871 FORM 990 PART IX LINE 11G DESCRIPTION:ENGINEERING TOTAL FEES:173086 FORM 990 PART IX LINE 11G DESCRIPTION:EXPORT COMPLIANCE TOTAL FEES:71821 FORM 990 PART IX LINE 11G DESCRIPTION:HR TOTAL FEES:203183 FORM 990 PART IX LINE 11G DESCRIPTION:IT TOTAL FEES:341324 FORM 990 PART IX LINE 11G DESCRIPTION:MANAGEMENT ADVISORY TOTAL FEES:553742 FORM 990 PART IX LINE 11G DESCRIPTION:OTHER TOTAL FEES:34386 FORM 990 PART IX LINE 11G DESCRIPTION:PROJECT MANAGEMENT TOTAL FEES:161144 FORM 990 PART IX LINE 11G DESCRIPTION:RECRUITING TOTAL FEES:500654 FORM 990 PART IX LINE 11G DESCRIPTION:TEMPORARY SERVICES TOTAL FEES:235251