Overview
What is Gmto Corporation?
The Gmto Corporation is a collaborative nonprofit organization based in Pasadena, California, dedicated to the design, development, construction, and operation of the Giant Magellan Telescope (GMT), an advanced astronomical telescope. During the fiscal year ending June 30, 2022, they completed construction work on the water utility package at the telescope site in Chile and continued work on mirror segments and designing major subsystems. The corporation consists of 95 employees and is a joint initiative between universities and research institutions aiming to push the boundaries of astronomical discoveries.
Official website here: www.gmto.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star Rating
Gmto Corporation has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong emphasis on accountability and financial health. With a score of 94% in Accountability & Finance, this nonprofit demonstrates excellent overall management of its resources. The organization has independent governance with all board members being independent, and it has a well-structured oversight committee for financial statements.
The nonprofit’s fiscal practices are commendable, with no reported material diversion of assets and a high program expense ratio of 75.78%, indicating that the majority of funds are directed toward its programs rather than administrative costs. Fundraising efficiency is also noteworthy, with a low cost of $0.022 to raise a dollar, which showcases effective fundraising strategies.
However, while the organization has a solid financial standing, detailed user feedback on program impact and effectiveness is not available. Overall, Gmto Corporation appears to be a responsible and transparent organization, making it a trustworthy option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Gmto Corporation legitimate?
Gmto Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gmto 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: $1,881,632
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,871,357
For more financial information, click here
Official website here: www.gmto.org
What is the mission statement of Gmto Corporation?
The Gmto Corporation is a collaborative initiative between universities and research institutions, dedicated to designing, developing, constructing, and operating the next-generation Giant Magellan Telescope (GMT) for astronomical research. The organization's primary objective is to bring together resources and expertise to create a cutting-edge astronomical telescope. All funds are directed toward the realization of this goal.
During the fiscal year ending June 30, 2022, the Gmto Corporation completed the construction work on the water utility package at the telescope site and continued progress on the primary mirror segments and major subsystems. The team also engaged in design work, including prototyping and underwent various design reviews.
Official website here: www.gmto.org
Who is the CEO of Gmto Corporation?
Robert Shelton is the President of Gmto Corporation.
Official website here: www.gmto.org
What is the revenue of Gmto Corporation?
Gmto Corporation's revenue in 2022 was $32,220,104.
Official website here: www.gmto.org
Who are the executives of Gmto Corporation and what are their salaries?
The average compensation at Gmto Corporation during 2022 was $165,821. There are 95 employees and 15 volunteers at Gmto Corporation.
Here are 27 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $494,601
- Related: $0
- Other: $75,308
- Compensation: $258,074
- Related: $0
- Other: $76,960
- Compensation: $221,657
- Related: $0
- Other: $65,601
- Compensation: $319,660
- Related: $0
- Other: $67,570
- Compensation: $251,660
- Related: $0
- Other: $61,902
- Compensation: $267,374
- Related: $0
- Other: $57,454
- Compensation: $231,048
- Related: $0
- Other: $53,504
- Compensation: $230,732
- Related: $0
- Other: $86,092
- Compensation: $241,550
- Related: $0
- Other: $82,962
- Compensation: $241,059
- Related: $0
- Other: $16,120
Official website here: www.gmto.org
Where can I find the form 990 for Gmto Corporation?
Gmto Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gmto.org
Learn more at the official website: www.gmto.org
Mission Statement of Gmto Corporation
Gmto Corporation, a collaborative effort between universities and research institutions, is dedicated to the design, development, construction, and operation of the next-generation Giant Magellan Telescope (GMT) for astronomical research. This corporation's purpose is to bring together the collective expertise and resources of its academic and research partners to build a state-of-the-art astronomical telescope. All contributions and expenses are channeled towards this goal.
During the fiscal year ending June 30, 2022, Gmto Corporation completed the construction work of the water utility package at the telescope site. Meanwhile, progress continued on the primary mirror segments, and design work advanced on major subsystems, including prototyping and undergoing various design reviews. The mission of Gmto Corporation is to harness the power of collaboration to create a groundbreaking astronomical instrument that will revolutionize our understanding of the universe.
By pooling resources and knowledge from its university and research institution partners, Gmto Corporation is pioneering the way for next-generation astronomical research. The telescope, a testament to human ingenuity and innovation, will provide unprecedented insights into the cosmos, allowing scientists to explore questions about the origins and evolution of the universe, the nature of black holes, and the search for extraterrestrial life. Gmto Corporation's mission is a beacon of hope for the future, illuminating the path towards new discoveries and expanding our collective knowledge of the universe.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Gmto Corporation plays a pivotal role in advancing astronomical research through the design, development, construction, and operation of the Giant Magellan Telescope (GMT). This state-of-the-art facility, located in Chile, represents a collaborative effort among universities and research organizations to push the boundaries of our understanding of the universe.
The impact of Gmto Corporation is multifaceted. By facilitating groundbreaking astronomical observations, the GMT will allow scientists to explore fundamental questions about the cosmos, including the origins of galaxies, stars, and planetary systems. The telescope's advanced capabilities will enable researchers to gather unprecedented data, driving innovation in fields such as astrophysics, cosmology, and planetary science.
Continued progress in the construction of the GMT, as evidenced by recent accomplishments like the completion of the water utility package at the telescope site and ongoing work on primary mirror segments, showcases the corporation’s commitment to its mission. The development of such a major astronomical instrument not only enhances scientific discovery but also fosters collaboration across institutions, promoting a rich environment for education and training in the scientific community.
Overall, Gmto Corporation's efforts in building the GMT exemplify the significant strides being made in the field of observational astronomy, positioning it as a vital asset for future generations of scientists and researchers.
This information is meant to be a general summary of Gmto 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: $344,780
- Gross Receipts: $32,220,104
Assets and Liabilities:
- Total Assets: $321,703,747
- Total Liabilities: $20,765,776
- Net Assets: $300,937,971
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2007
Phone
(626) 204-0544Principal Officer
Robert Shelton
Main Address
300 NORTH LAKE AVENUE 14TH FLOOR, PASADENA, CA, 91101
Website
www.gmto.orgNTEE Category
Code: U31 - Science research
If you are a representative of Gmto Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.