Gmto Corporation
79% goes to programs $12 to raise $100 Strong reserves Growing revenue
Gmto Corporation is a 501(c)(3) organization based in Pasadena, California, registered in 2009, with $21,214,460 in FY2023 revenue. CharityIndex grades it C, and it directs about 79% of spending to programs.
300 N Lake Ave Fl 14, Pasadena, CA, 91101 EIN 26-2637707 Since 2009
Revenue (FY2023)
$21.2M
▼ 89.1% vs prior year
Science & Tech median: $288K
Expenses (FY2023)
$46.0M
Net assets
$450.6M
Employees
98
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →B+Program efficiency40% of the rating79% to programs · $12 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Gmto Corporation: 79% to programs · $12 to raise $100 earns a B+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating117 mo reserves · -117% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Gmto Corporation: 117 mo reserves · -117% margin earns a F on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Gmto Corporation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Gmto Corporation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Undertake design, development, construction & operation of the giant magellan telescope.
Contact & location
- Address
- 300 N Lake Ave Fl 14, Pasadena, CA, 91101
- City
- Pasadena
- State
- California
- Category
- Science & Technology
- Subcategory
- Physical & Earth Sciences
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $27.8M (FY2013) to $21.2M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $10.2MNet assets $450.6M
Operating margin
-117.0%
Spent more than it raised in the latest fiscal year.
Total assets
$460.9M
Total liabilities
$10.2M
Net assets
$450.6M
Salaries & benefits
$23.2M
50% of expenses
Board members
14
14 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $21,214,460▼89.1% | $46,043,471▲26.6% | $450,610,185▼2.3% | $460,859,174▼5.7% | 990 |
| 2022 | $194,662,618▲504% | $36,380,093▼2.1% | $461,396,549▲53.3% | $488,723,180▲51.9% | 990 |
| 2021 | $32,220,104▲267% | $37,165,448▲6.9% | $300,937,971▲2.0% | $321,703,747▲5.3% | 990 |
| 2020 | $8,771,769▲109% | $34,752,653▼14.6% | $295,160,350▼8.4% | $305,649,164▼7.5% | 990 |
| 2019 | $4,199,536▼89.7% | $40,709,497▲2.2% | $322,227,494▼10.1% | $330,327,152▼10.2% | 990 |
| 2018 | $40,599,120▲271% | $39,820,884▲2.3% | $358,230,370▲1.9% | $367,820,702▲0.8% | 990 |
| 2017 | $10,946,024▲98.5% | $38,930,666▲36.6% | $351,378,668▼7.5% | $365,009,321▼5.9% | 990 |
| 2016 | $5,515,656▲118% | $28,509,469▼18.5% | $380,023,475▼5.7% | $387,702,781▼5.9% | 990 |
| 2015 | $2,528,643▼99.3% | $34,995,896▲111% | $402,989,384▼7.5% | $411,816,468▼6.5% | 990 |
| 2014 | $347,399,787▲1150% | $16,606,973▲50.6% | $435,456,637▲316% | $440,351,720▲309% | 990 |
| 2013 | $27,792,782 | $11,026,348▼18.2% | $104,663,823▲19.1% | $107,563,164▲20.6% | 990 |
| 2012 | — | $13,476,297▲88.6% | $87,897,389▲39.0% | $89,204,406▲35.8% | 990 |
| 2011 | — | $7,146,140▲59.3% | $63,233,520▲27.0% | $65,682,318▲31.5% | 990 |
| 2010 | — | $4,486,516 | $49,784,338 | $49,932,728 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Robert Shelton — $506,774 (1.10% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Robert Shelton | President | 40 | $506,774 |
| Rebecca Bernstein | Project Scientist | 40 | $304,380 |
| William Burgett | Project Manager | 40 | $298,986 |
| Alan Gordon | Cfo & Vp of Business Operations | 40 | $277,861 |
| Glenn Brossus | Deputy Project Manager | 40 | $257,772 |
| Jennifer Eccles | Vp For Development & External Relat. | 40 | $255,487 |
| Richard Demers | Wavefront Sensing & Control Manager | 40 | $251,954 |
| Frank Groark | Deputy Opt. & Optical Metrology Mgr. | 40 | $247,134 |
| Bruce Bigelow | Site, Enclosure, Facilities Mgr | 40 | $246,956 |
| Kevin Mills | Vp For Legal Affairs & Gen. Counsel | 40 | $204,033 |
| Buell Jannuzi | Board Member | 1 | — |
| Byeong-gon Park | Board Member | 1 | — |
| Chan Park | Board Member (from 10/23) | 1 | — |
| Chris Tinney | Board Member | 1 | — |
| Jack Baldauf | Board Member | 1 | — |
| Joaquin Ruiz | Board Member (thru 10/23) | 1 | — |
| John Arnold | Board Member (from 2/24) | 1 | — |
| John Mulchaey | Board Member | 1 | — |
| Lisa Kewley | Board Member | 1 | — |
| Randy Stringer | Board Member | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Ingersoll Machine Tools Inc | Engineeering | $10,103,739 |
| Idom Consulting Engg Architecture 330 | Architectural & Engineering Service | $5,506,504 |
| Ohb Digital Connect Gmbh | Engineering | $3,378,217 |
| Smithsonian Astrophysical Observatory | Design | $3,268,892 |
| Ad Optica Consortium | Fabrication and Test | $2,770,111 |
Grants received · $17.5M total
6 grants to Gmto Corporation totaling $17.5M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Association of Universities For | Scientific research and development for the us extremely large telescope program | 2023 | $1,455,307 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $10,000 |
| Association of Universities For | Scientific research and development for the us extremely large telescope program | 2022 | $2,480,059 |
| Association of Universities For | Scientific research and development for the us extremely large telescope program | 2021 | $5,103,793 |
| Association of Universities For | Scientific research and development for the us extremely large telescope program | 2020 | $5,396,315 |
| Association of Universities For | Scientific research and development for the us extremely large telescope program | 2019 | $3,096,176 |
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Frequently asked questions
- Is Gmto Corporation a legitimate nonprofit?
- Yes. Gmto Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 26-2637707, based in Pasadena, California. Donations are tax-deductible.
- What is Gmto Corporation's EIN?
- Gmto Corporation's Employer Identification Number (EIN) is 26-2637707.
- How much revenue does Gmto Corporation report?
- Gmto Corporation reported $21,214,460 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Gmto Corporation's spending goes to programs?
- Gmto Corporation spends about 79% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Gmto Corporation have?
- CharityIndex grades Gmto Corporation C, based on program efficiency and fundraising cost.
- How much does Gmto Corporation's highest-paid employee make?
- The highest reported compensation on Gmto Corporation's latest Form 990 is $506,774, paid to Robert Shelton (President).
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Data for Gmto Corporation (EIN 26-2637707) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.