Overview
What is Large Binocular Telescope Corporation?
The Large Binocular Telescope Corporation is a nonprofit organization headquartered in Tucson, Arizona, specifically at 933 North Cherry Avenue, Room 552. Their primary mission is to establish and manage a renowned astronomical research facility named the Large Binocular Telescope. This organization provides a significant number of nights for scientific observations and engineering tasks, with a total of 224 nights allocated for science in 2022, and 37 nights dedicated to engineering work and new instrumentation commissioning. Despite encountering some weather challenges, 77% of the allocated time was effectively utilized for scientific research. The advances made through this organization have led to the publication of 62 scientific papers based on LBT data in reputable scientific journals in 2022.
Official website here: www.lbto.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star rating)
The Large Binocular Telescope Corporation has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With an overall score of 95%, the organization demonstrates a commitment to transparency and effective financial management. All aspects contributing to the rating are derived from its accountability and finance practices, with a perfect score in several key areas, including an independent board and oversight of financial statements.
Strengths of the organization include its fully independent board of directors and the absence of material asset diversion, which reinforces trust in its governance. Additionally, the organization showcases a high program expense ratio of over 90%, indicating that most of its resources are allocated directly to its mission. The financial health is further supported by a low liabilities to assets ratio of 7.60% and a strong working capital ratio of 4.51 years.
However, there are some limitations to note. The organization lacks a whistleblower policy, which could be a concern for accountability and ethical practices. Additionally, its fundraising efficiency ratio is notably low, indicating that it may not be as effective in fundraising efforts compared to peers. This could impact its ability to sustain operations or expand its programs in the future. Overall, while the organization excels in many financial accountability areas, addressing its weaknesses could enhance its overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Large Binocular Telescope Corporation legitimate?
Large Binocular Telescope Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Large Binocular Telescope 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: $20,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lbto.org
What is the mission statement of Large Binocular Telescope Corporation?
The Large Binocular Telescope Corporation is dedicated to managing and operating a large-scale astronomical research facility, known as the Large Binocular Telescope. Its ultimate goal is to expand human knowledge of the universe, from Earth's vicinity to the observable universe's edge. In 2022, the corporation offered 267 nights for scientific observations, with 37 nights allocated for engineering work and the commissioning of new instrumentation. Despite weather challenges, 57% of the scheduled observing time was utilized, producing 62 scientific papers based on LBT data for publication in referred journals.
Official website here: www.lbto.org
Who is the CEO of Large Binocular Telescope Corporation?
Adriano Fontana is the Chairman & President of Large Binocular Telescope Corporation.
Official website here: www.lbto.org
What is the revenue of Large Binocular Telescope Corporation?
Large Binocular Telescope Corporation's revenue in 2022 was $12,383,410.
Official website here: www.lbto.org
Who are the executives of Large Binocular Telescope Corporation and what are their salaries?
There 13 volunteers at Large Binocular Telescope Corporation.
Here are 14 key members and their salaries:
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Official website here: www.lbto.org
Where can I find the form 990 for Large Binocular Telescope Corporation?
Large Binocular Telescope Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lbto.org
Learn more at the official website: www.lbto.org
Mission Statement of Large Binocular Telescope Corporation
The Large Binocular Telescope Corporation (LBTC) is a dedicated organization with a mission to construct and operate a world-class research facility, known as the Large Binocular Telescope (LBT). This telescope expands humanity's knowledge of space from Earth's vicinity to the edge of the observable universe. By maintaining and operating this large optical observatory for astronomical research, LBTC plays a vital role in advancing scientific discoveries.
In 2022, LBTC offered a total of 267 nights to its partners and science staff for scientific observations. Among these, 37 nights were dedicated to engineering work and commissioning of new instrumentation. Although poor weather conditions resulted in a loss of 43% of observing time, which is somewhat higher than the average annual loss, the team still managed to publish 62 scientific papers based on LBT data in referred journals. The LBTC's purpose is not only to conduct groundbreaking research but also to contribute to the scientific community by sharing the knowledge gained through these observations.
The LBTC's commitment to astronomical research is unwavering. Its state-of-the-art telescope enables scientists to investigate celestial bodies and phenomena with unprecedented detail and precision. The data collected from the LBT has led to numerous discoveries and advancements in various areas of astronomy, pushing the boundaries of human understanding and expanding the frontiers of space exploration. The LBTC's mission is a testament to human curiosity and the desire to unravel the mysteries of the universe.
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Impact
October, 2024
The Large Binocular Telescope Corporation significantly advances astronomical research by providing a state-of-the-art observatory facility known as the Large Binocular Telescope. This facility allows for extensive scientific observations, offering a total of 267 nights for exploration and data collection in 2022 alone. Despite challenges such as adverse weather conditions, which affected observing time, the telescope still contributed greatly to the scientific community.
In 2022, the LBT enabled the publication of 62 scientific papers in peer-reviewed journals, showcasing the valuable research and discoveries made possible through its operations. The telescope plays a vital role in expanding humanity's understanding of the universe, facilitating studies that span from near-Earth environments to distant cosmic phenomena. By maintaining and operating this advanced observatory in Tucson, Arizona, the Corporation enhances the ability of researchers to explore and uncover the mysteries of space, enriching our knowledge of the universe and its workings.
This information is meant to be a general summary of Large Binocular Telescope 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: $7,452
- Gross Receipts: $12,383,410
Assets and Liabilities:
- Total Assets: $100,280,191
- Total Liabilities: $7,972,417
- Net Assets: $92,307,774
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Organization Details
Founding Year
1992
Phone
(520) 626-5231Principal Officer
Adriano Fontana
Main Address
933 NORTH CHERRY AVENUE ROOM 552, TUCSON, AZ, 85721
Website
www.lbto.orgNTEE Category
Code: U310 - Science research
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