Gmto Corporation
Gmto Corporation
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About this organization
Mission
Gmto Corporation is a collaborative effort between universities and research institutions to build a next generation extremely large telescope for astronomical research.
About
The purpose of the corporation is to undertake the design, development, construction and operation of the Giant Magellan Telescope ('GMT'), a state-of-the-art next-generation astronomical telescope, as a collaborative effort between universities and research organizations. All contributions and all expenses are geared toward the fulfillment of that purpose. During the fiscal year ending June 30, 2019, GMTO completed the hard rock excavation for the telescope and enclosure, completed the mount initial design review (IDR) and initiated the mount design and build contract, and completed various design reviews.
Interesting data from their 2020 990 filing
The filing clearly states the mission of the non-profit as “Gmto corporation is a collaborative effort between universities and research institutions to build a next generation extremely large telescope for astronomical research.”.
When outlining its functions, they were explained as: “Gmto corporation is a collaborative effort between universities and research institutions to build a next generation extremely large telescope for astronomical research.”.
- In compliance with legal regulations, the non-profit has reported their state of operation as DE.
- The filing records the non-profit's address for 2020 as 465 North Halstead St Suite 250, Pasadena, CA, 91107.
- As of 2020, the non-profit's form reports a total of 113 employees.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Has foreign activities.
- Is not a donor advised fund.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $778,236.
- The CEO's salary plan within the organization is subject to review and endorsement by an independent body.
- The organization elects its board members.
- The organization has a written policy that describes how long it will retain documents.
- The organization has a foreign financial account.
- The organization has 13 independent voting members.
- The organization was formed in 2007.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule J.
- The organization is required to file Schedule O.
- The organization pays $21,942,707 in salary, compensation, and benefits to its employees.
- The organization pays $1,634,233 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization's financial statements were reviewed by an accountant.
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