Overview
What is Tmt Observatory Corporation?
Tmt Observatory Corporation is a nonprofit organization primarily focused on astronomical research. Their flagship project, the Thirty Meter Telescope (TMT), aims to provide astronomers with an unprecedented view into the cosmos. TMT enables the study of celestial bodies within our solar system, stars in our Milky Way, and neighboring galaxies, even reaching as far as forming galaxies at the universe's edge, close to its inception. The organization's mission broadly supports scientific discovery, contributing to our understanding of the universe's formation and evolution.
Official website here: www.tmt.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (57%)
The TMT Observatory Corporation has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its financial accountability and performance. The score is based entirely on its Accountability & Finance metrics, where it achieved a score of 57%. This assessment highlights that while the organization has strong governance practices, such as an independent board and comprehensive policies, it has substantial weaknesses in financial management.
Strengths of the organization include having a fully independent board and effective policies in place for conflict of interest, whistleblower protections, and document retention. These factors reflect a commitment to transparency and accountability in governance. However, the organization's financial ratios raise red flags; notably, the liabilities to assets ratio stands at 5.07%, and the program expense ratio is at 45.28%, which suggests that a significant portion of their resources may not be allocated to programmatic activities.
In summary, while TMT Observatory Corporation demonstrates strong governance and compliance practices, its overall financial health and efficiency are areas of concern. Prospective donors and stakeholders should consider these factors when evaluating the organization's effectiveness and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Tmt Observatory Corporation legitimate?
Tmt Observatory Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tmt Observatory Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,308
For more financial information, click here
Official website here: www.tmt.org
What is the mission statement of Tmt Observatory Corporation?
The Tmt Observatory Corporation's mission is centered around utilizing the Thirty Meter Telescope (TMT). This instrument is designed to enable astronomers to delve into the mysteries of our solar system and explore stars within our Milky Way galaxy and its neighboring galaxies. Further, the TMT's capabilities extend to the study of galaxy formation at the universe's edge, providing insights into its early stages.
Official website here: www.tmt.org
Who is the CEO of Tmt Observatory Corporation?
David Goodman is the Coo/Treasurer of Tmt Observatory Corporation.
Official website here: www.tmt.org
What is the revenue of Tmt Observatory Corporation?
Tmt Observatory Corporation's revenue in 2022 was $19,235.
Official website here: www.tmt.org
Who are the executives of Tmt Observatory Corporation and what are their salaries?
The average compensation at Tmt Observatory Corporation during 2022 was $1,462. There are 5 employees and 10 volunteers at Tmt Observatory Corporation.
Here are 13 key members and their salaries:
- Compensation: $291,890
- Related: $0
- Other: $84,404
- Compensation: $173,708
- Related: $0
- Other: $54,903
- Compensation: $139,225
- Related: $0
- Other: $30,443
- Compensation: $103,797
- Related: $0
- Other: $31,023
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.tmt.org
Where can I find the form 990 for Tmt Observatory Corporation?
Tmt Observatory Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tmt.org
Learn more at the official website: www.tmt.org
Mission Statement of Tmt Observatory Corporation
Tmt Observatory Corporation, through its Thirty Meter Telescope (TMT), aims to facilitate astronomical research. This state-of-the-art telescope enables scientists to delve into the mysteries of our solar system, the stars within our Milky Way galaxy, and its neighboring galaxies. Furthermore, TMT aids in the exploration of galaxy formation at the universe's very edge, providing insights into its origins near the beginning of time.
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Impact
August, 2024
Tmt Observatory Corporation, operating as the nonprofit behind the Thirty Meter Telescope (TMT), is making a significant impact in the field of science research. The TMT will enable astronomers to study objects within our solar system, stars in the Milky Way and neighboring galaxies, as well as forming galaxies at the edge of the observable Universe, close to the beginning of time. This ambitious project is poised to revolutionize our understanding of the cosmos and unlock new discoveries that could potentially reshape our knowledge of the universe. The corporation's mission to push the boundaries of astronomical research underscores its commitment to advancing human knowledge and exploration beyond our own planet.
This information is meant to be a general summary of Tmt Observatory Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $19,235
- Gross Receipts: $19,235
Assets and Liabilities:
- Total Assets: $3,134,512
- Total Liabilities: $159,181
- Net Assets: $2,975,331
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Organization Details
Founding Year
2004
Phone
(626) 395-1610Principal Officer
David Goodman
Main Address
100 W WALNUT ST SUITE 300, PASADENA, CA, 91124
Website
www.tmt.orgNTEE Category
Code: U31 - Science research
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