2024-06-21T17:24:01-05:00 2023-12-31 860683059 BEACHFLEISCHMAN PLLC 1985 E RIVER ROAD SUITE 201 TUCSON AZ 85718 990 2023-01-01 860724677 LARGE BINOCULAR TELESCOPE CORPORATION LARG 5206265231 933 NORTH CHERRY AVENUE ROOM 552 TUCSON AZ 85721 ADRIANO FONTANA PRESIDENT 5206265231 2024-06-17 1 ADRIANO FONTANA 999009999 1 MONICA A VERA CPA P01456278 5203214600 2024-06-17 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z ADRIANO FONTANA 933 NORTH CHERRY AVENUE ROOM 552 TUCSON AZ 85721 24120428 0 X LBTO.ORG X 1992 AZ TO CONSTRUCT AND OPERATE A RESEARCH FACILITY KNOWN AS THE LARGE BINOCULAR TELESCOPE. 11 10 0 13 0 0 12373805 24078690 0 0 7452 41172 2153 566 12383410 24120428 0 10000 0 0 20000 20000 0 0 0 20048645 22541536 20068645 22571536 -7685235 1548892 100280191 101579590 7972417 7722924 92307774 93856666 THE LBT CORPORATION'S PURPOSE IS TO MAINTAIN AND OPERATE A LARGE OPTICAL OBSERVATORY FOR ASTRONOMICAL RESEARCH WHICH WILL EXPAND HUMANITY'S KNOWLEDGE OF SPACE FROM THE VICINITY OF EARTH TO THE EDGE OF THE OBSERVABLE UNIVERSE. 0 0 20421596 10000 A TOTAL OF 274 NIGHTS WERE OFFERED TO THE LBTO PARTNERS AND SCIENCE STAFF IN 2023 FOR SCIENTIFIC OBSERVATIONS, WHILE 27 WERE DEVOTED TO ENGINEERING WORK AND COMMISSIONING OF NEW INSTRUMENTATION. POOR WEATHER CONDITIONS RESULTED IN A LOSS OF 40% OF SCIENCE OBSERVING TIME DURING 2023, SIMILAR TO THE AVERAGE OVER THE PAST DECADE.A TOTAL OF 59 SCIENTIFIC PAPERS BASED ON LBT DATA WERE PUBLISHED IN 2023 IN REFERRED JOURNALS. 20421596 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 0 1 0 1 0 X ELIZABETH GREEN 5206265231 933 NORTH CHERRY AVENUE ROOM 552 TUCSON AZ 85721 ADRIANO FONTANA CHAIRMAN & PRESIDENT 2.00 X X 20000 0 0 EVAN KIRBY DIRECTOR 2.00 X 0 0 0 ANDREAS QUIRRENBACH DIRECTOR 2.00 X 0 0 0 ROBERTO RAGAZZONI DIRECTOR 2.00 X 0 0 0 MATTHIAS STEINMETZ DIRECTOR 2.00 X 0 0 0 DENNIS ZARITSKY DIRECTOR 2.00 X 0 0 0 BUELL JANNUZI DIRECTOR & MEMBER REPRESEN 2.00 X 0 0 0 THOMAS HENNING MEMBER REPRESENTATIVE 2.00 X 0 0 0 SUSAN OLESIK MEMBER REPRESENTATIVE 2.00 X 0 0 0 FILLIPPO ZERBI MEMBER REPRESENTATIVE 2.00 X 0 0 0 CHRIS KOCHANEK VICE CHAIRMAN 2.00 X X 0 0 0 MATHIAS VOSS TREASURER 2.00 X 0 0 0 ELIZABETH GREEN SECRETARY 2.00 X 0 0 0 20000 0 0 0 0 0 0 LEIBNIZ-INSTITUTE FUR ASTROPHYSIK POTSDA AN DER STERNWARTE 16 POTSDAM GM 14482 ANNUAL MAINTENANCE AND REPAIRS 172699 ADS INTERNATIONAL VIA PIO GALLI SINDACALIST 3 LECCO IT 23841 DESIGN/FABRICATION & SHELL CLEANING/COAT 162397 2 11982216 12096474 24078690 13149 13149 28023 0 28023 28023 28023 MISCELLANEOUS 900099 566 566 566 24120428 0 0 41738 10000 10000 20000 20000 26100 26100 631347 539391 91956 47465 5657 41808 117043 114872 2171 24451 24451 1405655 1405655 114477 111195 3282 3152 1310 1842 8902580 8902580 3645 3645 CONTRACT PERSONNEL 6876820 6876820 UA SUPPORT SERVICES 1959136 1959136 CONTRACT SVCS WITH MGIO 1536278 1536278 OTHER OPERATING EXPENSE 893387 893387 22571536 20421596 2149940 0 4447387 3011888 1035000 57488 73022 186113137 88653457 95775316 97459680 100280191 101579590 342703 311737 7629714 7411187 7972417 7722924 X 92307774 93856666 92307774 93856666 100280191 101579590 1548892 0 X 0 1 X 1 0 X 18387103 12292800 11908500 12373805 24078690 79040898 18387103 12292800 11908500 12373805 24078690 79040898 36942900 42097998 46 41 48 318 13149 13602 20875 2045 476 2153 566 26115 79080615 0.53230 0.50950 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 72487352 29799018 42688334 113625785 58854439 54771346 97459680 DUE TO MEMBERS 2411187 ASSET RETIREMENT OBLIGATION 5000000 7411187 X 24234686 114258 114258 24120428 0 24120428 22685794 114258 114258 22571536 0 22571536 PART X, LINE 2: ASC 740 FINANCIAL STATEMENT FOOTNOTE: THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER BOTH FEDERAL INTERNAL REVENUE CODE (IRC) 501(C)(3) AND ARIZONA INCOME TAX LAWS, AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION UNDER IRC 509(A)(1). INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE, HOWEVER, MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS TAXABLE INCOME. FROM TIME TO TIME, THE ORGANIZATION MAY BE SUBJECT TO PENALTIES AND INTEREST ASSESSED BY VARIOUS TAXING AUTHORITIES, WHICH ARE CLASSIFIED AS GENERAL AND ADMINISTRATIVE EXPENSES, IF THEY OCCUR. 1 SCHOLARSHIPS 2 10000 PART I, LINE 2: THE LARGE BINOCULAR TELESCOPE OBSERVATORY PROVIDES SCHOLARSHIP FUNDING TO THE EASTERN ARIZONA COLLEGE FOUNDATION TO SUPPORT ENROLLED MEMBERS OF THE SAN CARLOS OR WHITE MOUNTAIN APACHE TRIBES AT EASTERN ARIZONA COLLEGE. THE EASTERN ARIZONA COLLEGE ADMISSIONS OFFICE SELECTS ELIGIBLE STUDENTS FOR THE SCHOLARSHIP TO FUND THEIR TUITION COSTS. THE LARGE BINOCULAR TELESCOPE OBSERVATORY IS NOTIFIED WHEN EACH NEW RECIPIENT IS SELECTED BY THE EASTERN ARIZONA COLLEGE FOUNDATION. THE UNIVERSITY OF ARIZONA FOUNDING MEMBER OF THE ORGANIZATION (OPERATIONS SUPPORT AGREEMENT) 9416521 QUARTERLY PAYMENTS FOR SALARY, EQUIPMENT AND SUPPLY CHARGES TO UA ACCOUNTS. 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS SUPPORTED BY MEMBERS WHICH HAVE AGREED TO CONTINUE TO SUPPORT THE TELESCOPE PROGRAM THROUGH MEMBER CONTRIBUTIONS PROPORTIONATE TO THEIR MEMBERSHIP LEVELS. THE MEMBERS ARE ALLOCATED TIME FOR TELESCOPE USE PROPORTIONATE TO THEIR CONTRIBUTIONS MADE THROUGH BOTH CASH AND NON-CASH PAYMENTS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE ORGANIZATION APPOINT MEMBERS TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B AMENDMENTS OF THE ARTICLES OF INCORPORATION REQUIRE UNANIMOUS APPROVAL OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B CONTEMPORANEOUS DOCUMENTATION IS TAKEN AT GOVERNING BODY MEETINGS, HOWEVER, DOCUMENTATION IS NOT TAKEN AT COMMITTEE MEETINGS. FORM 990, PART VI, SECTION B, LINE 11B THE BUSINESS MANAGER WILL CONDUCT AN INITIAL REVIEW OF THE FORM 990. THE FINANCE COMMITTEE THEN REVIEWS THE FORM 990 ON BEHALF OF THE BOARD OF DIRECTORS. UPON APPROVAL OF THE FINANCE COMMITTEE, THE BOARD IS NOTIFIED THAT THE FORM 990 IS AVAILABLE ON-LINE AND THE PRESIDENT IS AUTHORIZED TO SIGN THE FORM 990 FOR SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CORPORATE SECRETARY DISTRIBUTES ANNUAL CONFLICT OF INTEREST FORMS TO ALL DIRECTORS, OFFICERS, MEMBER REPRESENTATIVES, VOTING MEMBERS OF THE BOARD FINANCE COMMITTEE, MEMBERS OF THE BOARD SCIENTIFIC ADVISORY COMMITTEE, THE OBSERVATORY DIRECTOR AND BUSINESS MANAGER. BY SIGNING THE FORMS AND RETURNING THEM TO THE SECRETARY, THESE PEOPLE AFFIRM THAT THEY HAVE READ AND UNDERSTAND THE CONFLICT OF INTEREST POLICY OF THE LBT CORPORATION AND HAVE DISCLOSED ANY POSSIBLE CONFLICTS. THE SECRETARY REVIEWS THE FORMS FOR ANY DISCLOSURES AND KEEPS THEM WITH THE CORPORATE RECORDS. ANY DISCLOSED CONFLICTS ARE REFERRED TO THE BOARD FOR THEIR INFORMATION. ANY FURTHER ACTION CONCERNING DISCLOSED CONFLICTS OR POSSIBLE CONFLICTS ARE HANDLED ACCORDING TO THE PROCEDURES CONTAINED IN THE LBT CORPORATION CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15B ONLY ONE DIRECTOR RECEIVES A FEE FOR SERVICE ON THE BOARD. THAT FEE OF $20,000 WAS SET AFTER REVIEW BY THE INDEPENDENT DIRECTORS OF THE CORPORATION IN CONSULTATION WITH THE CORPORATION'S AUDIT AND TAX ADVISORS. THE SALARY OF THE OBSERVATORY DIRECTOR, AND ALL OTHER EMPLOYEES, IS SET BY THE UNIVERSITY OF ARIZONA PURSUANT TO AN OPERATIONAL SUPPORT AGREEMENT WITH THE LBT CORPORATION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.