2017-07-31T15:04:57-05:00 2016-09-30 PricewaterhouseCoopers LLP 101 SEAPORT BLVD SUITE 500 BOSTON MA 02210 990 2015-10-01 200988966 TMT OBSERVATORY CORPORATION % DAVID GOODMAN TMTO 6263951610 100 W WALNUT ST SUITE 300 PASADENA CA 91124 FIONA HARRISON VICE CHAIR 6263951610 2017-07-25 true ERIN COUTURE P01390592 6175305000 2015 2021-01-29 14:40:06Z FIONA HARRISON 100 W WALNUT ST SUITE 300 Pasadena CA 91124 318327 false X WWW.TMT.ORG X 2004 CA SEE SCHEDULE O 7 7 51 7 0 0 6467562 313619 0 0 1943 4708 0 0 6469505 318327 0 0 0 0 1502131 167696 0 0 0 3187452 383605 4689583 551301 1779922 -232974 9355627 7173662 6125304 4176313 3230323 2997349 X SEE SCHEDULE O false true 377576 SEE SCHEDULE O 377576 true true false false false false false false false false true false false false true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 0 0 51 true false false false false false false false false false false X 7 7 true false false false true true true true true false false true true true true true true true true false CA X X DAVID GOODMAN 6263951610 100 W WALNUT ST SUITE 300 PASADENA CA 91124 X MICHAEL BOLTE DIRECTOR 4.0 X 0 0 0 HENRY YANG CHAIR 4.0 X X 0 0 0 SHRINIVAS KULKARNI DIRECTOR (UNTIL 1/1/16) 4.0 X 0 0 0 B THOMAS SOIFER DIRECTOR (SINCE 1/1/16) 4.0 0.0 X 0 0 0 NATHAN BROSTROM DIRECTOR 4.0 X 0 0 0 DEAN CURRIE TREASURER (UNTIL 6/30/16) 4.0 X X 0 0 0 FIONA HARRISON VICE CHAIR 4.0 X X 0 0 0 ROBERT KIRSHNER DIRECTOR 4.0 X 0 0 0 DIANA JERGOVIC DIRECTOR (SINCE 7/1/16) 4.0 X 0 0 0 LARRY ADKISON SECRETARY 4.0 X 0 0 0 R DAVID GOODMAN CHIEF OPERATING OFFICER 40.0 X 257015 0 70474 LARRY STEPP TELESCOPE DEPARTMENT HEAD 40.0 X 247369 0 49646 BRENT ELLERBROEK TELESCOPE DEPARTMENT HEAD 40.0 X 203471 0 77431 MARK SIROTA TELESCOPE CTRLS GROUP LEADER 40.0 X 222841 0 57084 RAVINDER BHATIA ASSOCIATE PROJECT MANAGER 40.0 X 243653 0 52396 CHRISTOPHE DUMAS telescope optics group leader 40.0 X 302517 0 22893 1476866 0 329924 34 false true false CALIFORNIA INSTITUTE OF TECHNOLOGY 1200 E California Blvd PASADENA CA 91125 SCIENTIFIC SERVICES 790202 L-3 Communications Corporation 4040 LAKESIDE DRIVE RICHMOND CA 94806 ENGINEERING SERVICES 383613 EXELISHARRIS CORPORATION 400 INITIATIVE DRIVE ROCHESTER NY 14606 ENGINEERING SERVICES 166844 UNIVERSITY OF CALIFORNIA OFFICE OF THE PRESIDENT1111 FRANKL OAKLAND CA 94607 SCIENTIFIC SERVICES 190781 PRICEWATERHOUSECOOPERS LLP 601 S FIGUEROA STREET SUITE 900 LOS ANGELES CA 90017 ACCOUNTING SERVICES 135177 12 313619 313619 0 4708 4708 0 0 0 0 0 0 0 0 0 0 318327 4708 0 0 0 0 101962 101962 0 46818 46818 0 0 18916 13415 5501 0 38648 26416 12232 116069 79334 36735 0 0 0 78992 53992 25000 4292 2934 1358 217069 148369 68700 138225 94478 43747 0 0 80824 55244 25580 0 205000 140119 64881 0 0 89968 61494 28474 182152 124503 57649 SUBCONTRACTS 43730 29891 13839 TIO RELATED EXPENSES -811364 -554575 -256789 551301 377576 173725 0 0 0 5914498 4892636 0 0 3211769 1874227 0 0 0 0 0 0 0 0 79687 347094 1673883 1614178 149673 59705 0 0 0 0 0 0 0 0 0 0 9355627 7173662 992938 1030558 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5132366 3145755 6125304 4176313 X 3230323 2997349 0 0 0 0 3230323 2997349 9355627 7173662 -232974 X false false false X 15293700 15100122 6751235 6467562 313619 43926238 0 0 15293700 15100122 6751235 6467562 313619 43926238 0 43926238 855 1192 3394 1943 4708 12092 0 0 43938330 0.99972 0.99986 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 325898 325898 0 1347985 1288280 59705 59705 0 DUE TO CALIFORNIA INST OF TECH 660295 DUE TO TMT INTERNATIONAL OBSER 1234805 REFUND TO TMT INTERNATIONAL OBSERVATORY 1250655 3145755 X X X true true X X X false false false false false false false false false R DAVID GOODMAN CHIEF OPERATING OFFICER 256527 488 39979 30495 327489 0 LARRY STEPP TELESCOPE DEPARTMENT HEAD 247369 0 37532 12114 297015 0 BRENT ELLERBROEK TELESCOPE DEPARTMENT HEAD 203351 120 34184 43247 280902 0 MARK SIROTA TELESCOPE CTRLS GROUP LEADER 222194 647 34329 22755 279925 0 RAVINDER BHATIA ASSOCIATE PROJECT MANAGER 243110 543 30021 22375 296049 0 CHRISTOPHE DUMAS telescope optics group leader 152092 46770 103655 13071 9822 325410 0 SCHEDULE J, PART I, LINE 1A: TMT PAID A HOUSING ALLOWANCE, GROSS UP PAYMENTS AND TRAVEL FOR COMPANIONS FOR ONE OF ITS HIGHEST COMPENSATED EMPLOYEES. THESE PAYMENTS WERE TREATED AS TAXABLE COMPENSATION. SCHEDULE J, PART I, LINE 3: Henry Yang, CHAIR, AND FIONA HARRISON, VICE CHAIR, ARE not compensated by TMT. R. David Goodman, CHIEF OPERATING OFFICER, handleS the day-to-day operations of the organization. SCHEDULE J, PART II THE AMOUNTS INCLUDED ON PART VII AND SCHEDULE J, PART II REFLECT W-2 COMPENSATION AMOUNTS PAID BY TMT TO THE LISTED INDIVIDUALS. CERTAIN LISTED INDIVIDUALS RENDER SERVICE TO TMT INTERNATIONAL OBSERVATORY (TIO), AN UNRELATED ORGANIZATION, PURSUANT TO A PERSONNEL ADMINISTRATIVE AGREEMENT. TMT IS REIMBURSED BY TIO FOR ANY SUCH SERVICES. PART I, LINE 1 AND PART III, LINES 1 AND 4A: ORGANIZATION'S MISSION AND PROGRAM SERVICE ACTIVITY TMT OBSERVATORY CORPORATION (TMT) IS A NONPROFIT PUBLIC BENEFIT CORPORATION FOUNDED BY THE REGENTS OF THE UNIVERSITY OF CALIFORNIA (UC) AND CALIFORNIA INSTITUTE OF TECHNOLOGY (CALTECH), HEREINAFTER COLLECTIVELY "FOUNDING MEMBERSWAS ORIGINALLY INCORPORATED AS THE "CELT DEVELOPMENT CORPORATION" ON OCTOBER 30, 2003. THE FOUNDING MEMBERS ESTABLISHED TMT FOR THE INITIAL PURPOSE OF DEVELOPING THE DESIGN OF A GIANT SEGMENTED MIRROR TELESCOPE, THE THIRTY METER TELESCOPE, WITH THE POTENTIAL OF CONSTRUCTING, COMMISSIONING AND OPERATING AN OBSERVATORY. IN ADDITION TO THE GOALS AND MISSIONS AS DESCRIBED ABOVE, TMT WILL FOSTER SCIENTIFIC INTERACTION BETWEEN EDUCATIONAL AND RESEARCH INSTITUTIONS TO FURTHER COLLEGE AND UNIVERSITY EDUCATIONAL RESEARCH IN ASTRONOMY. PART III, LINE 3: TMT'S ACTIVTIIES WHICH LARGELY INVOLVED THE INITIATION OF THE DESIGN, DEVELOPMENT, CONSTRUCTION AND OPERATION OF THE THIRTY METER TELESCOPE (TMT PROJECT) IS NOW SUCCEEDED BY TMT INTERNATIONAL OBSERVATORY, LLC (TIO) WHICH IS ALSO A NONPROFIT PUBLIC BENEFIT CORPORATION. WHILE TMTS ACTIVITIES HAVE LARGELY INVOLVED INITIATION OF THE TMT PROJECT AND CARRYING OUT VARIOUS PRE-CONSTRUCTION PHASE STEPS TOWARD ADVANCEMENT OF THE TMT PROJECT, IT IS EXPECTED THAT TIO WILL CARRY OUT THE REMAINING PHASES OF THE TMT PROJECT AND SHARE PERSONNEL WITH TMT PURSUANT TO A PERSONNEL & ADMINISTRATIVE SERVICES AGREEMENT (PAA) INTENDED TO FACILITATE SHARING OF CERTAIN EMPLOYEES AND RESOURCES. FORM 990, PART VI, LINE 2: BUSINESS RELATIONSHIPS CHAIR, DR. HENRY YANG, IS CHANCELLOR AT THE UNIVERSITY OF CALIFORNIA, SANTA BARBARA. DIRECTOR, DR. MICHAEL BOLTE, DIRECTOR, NATHAN BROSTROM, AND SECRETARY, LARRY ADKISON ARE EMPLOYED BY THE UNIVERSITY OF CALIFORNIA. TREASURER DEAN CURRIE, IS VP FOR BUSINESS AND FINANCE AT CALIFORNIA INSTITUTE OF TECHNOLOGY. DIRECTOR SHRINIVAS KULKARNI, IS PROFESSOR OF ASTRONOMY AND PLANETARY SCIENCE AND DIRECTOR OF OPTICAL OBSERVATORIES AT CALIFORNIA INSTITUTE OF TECHNOLOGY. DIRECTOR DIANA JERGOVIC, IS VP FOR STRATEGY IMPLEMENTATION AT CALIFORNIA INSTITUTE OF TECHNOLOGY. DIRECTORS B. THOMAS SOIFER AND FIONA HARRISON ARE PROFESSORS AT CALIFORNIA INSTITUTE OF TECHNOLOGY. FORM 990, PART VI, LINES 6 AND 7: MEMBERS TMT HAS TWO MEMBERS UNIVERSITY OF CALIFORNIA (UC) AND CALIFORNIA INSTITUTE OF TECHNOLOGY (CALTECH). Governance decisions of the organization including the appointment and number of directors, admission of new members and the terms of such admission are reserved to the members of the organization. FORM 990, PART VI, LINE 11B: PROCESS USED BY THE ORGANIZATION TO REVIEW FORM 990 WORKING WITH PRICEWATERHOUSECOOPERS, LLP ("PWC"), THE FORM 990 IS PREPARED. THE FORM 990 IS THEN REVIEWED BY MANAGEMENT AND THE AUDIT COMMITTEE. PRIOR TO FILING WITH THE IRS THE FINAL FORM 990 IS MADE AVAILABLE TO THE FULL BOARD. PWC SIGNS THE RETURN AS PAID PREPARER AND ELECTRONICALLY FILES THE RETURN WITH THE IRS. FORM 990, PART VI, LINE 12C: CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS, TMT OBSERVATORY CORPORATION ("TMT") DISTRIBUTES CONFLICT OF INTEREST LETTERS WHICH THE BOARD MEMBERS, KEY EMPLOYEES AND HIGHEST COMPENSATED EMPLOYEES COMPLETE AND RETURN. MANAGEMENT OF TMT REVIEWS THE RETURNED FORMS FOR COMPLIANCE. IF A CONFLICT IS DISCOVERED IT IS ESCALATED TO THE APPROPRIATE PARTY WITHIN THE ORGANIZATION. FORM 990, PART VI, LINE 15: PROCESS OF DETERMINING COMPENSATION TMT has an executive compensation committee that annually reviews the compensation of the organizations key employees and highest compensated employees. The committees deliberations are documented. The committee does not review ALL employees' compensation, only key employees and highest compensated employees. FORM 990, PART VI, LINE 18: FORM 990 WILL ALSO BE MADE AVAILABLE THROUGH GUIDESTAR.ORG. FORM 990, PART VI, LINE 19: GOVERNING DOCUMENTS AND POLICIES DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 24C: IN 2014, TMT ENTERED INTO AN AGREEMENT WITH TIO FOR THE PROVISION OF ADMINISTRATIVE AND LABOR SERVICES. THE PAYMENT FOR THESE SERVICES IS REFLECTED ON THIS LINE. FORM 990, PART XI, LINE 10: UPON REVIEW OF ITS BOOKS AND RECORDS, TMT NOTED FOR FY15 ITS BALANCE SHEET DID NOT INCLUDE CERTAIN ACCRUALS THAT SHOULD HAVE BEEN INCLUDED. AFTER REVIEW OF THE ADJUSTMENT FOR THESE ACCRUALS, TMT DETERMINED AN ADJUSTMENT TO PRIOR YEAR'S BOOKS AND RECORDS WAS NOT REQUIRED. THE FINANCIAL INFORMATION INCLUDED ON THE CURRENT YEAR FORM 990 ACCURATELY REFLECTS FINANCIAL INFORMATION PER TMT'S BOOKS AND RECORDS. FORM 990 PART IX LINE 11G DESCRIPTION:OTHER TOTAL FEES:78992