2024-05-13T10:19:05-05:00 2023-06-30 860750225 Keegan Linscott & Associates PC 3443 N Campbell Avenue Suite 115 Tucson AZ 85719 990 2022-07-01 860559994 Vatican Observatory Foundation VATI 5207951694 2017 E Lee Street Tucson AZ 85719 John M Lally Treasurer 5207951694 2024-05-10 1 John Lally 999009999 0 Carla J Keegan P00596839 5208840176 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Br Guy Consolmagno SJ 2017 E Lee Street Tucson AZ 85719 2267181 0 X www.vofoundation.org X 1986 AZ Astronomical research 12 12 1 12 0 0 71494 1488165 34053 53656 37047 55860 451 310 143045 1597991 0 0 0 0 107326 255315 0 0 244022 290407 654699 397733 910014 -254688 687977 2857994 3718122 24205 42343 2833789 3675779 X The Vatican Observatory Foundation brings together scientists, philanthropists and the Catholic Church to facilitate and promote scientific research of the heavens through support of the Vatican Advanced Technology Telescope and educational initiatives around the world. 0 0 517599 53966 The foundation operates telescope and observatory facilities in conjunction with the University of Arizona, Steward Observatory for scientific and educational purposes. 517599 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 10 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 0 0 0 0 X X The Organization 5207951694 2017 E Lee Street Tucson AZ 85719 X Paul M Pohl Chairman of the Board 10.00 X X 0 0 0 Fr Christopher Corbally SJ Secretary 0.70 X X 0 0 0 John M Lally Treasurer 0.70 X X 0 0 0 Fr Richard D'Souza SJ Director 0.70 X 0 0 0 Dr Guy Di Spigno Director 0.70 X 0 0 0 Fr Paul Gabor SJ Director 0.70 X 0 0 0 Dr Larry Lebofsky Director 0.70 X 0 0 0 James Renn Director 0.70 X 0 0 0 Msgr David A Rubino Director 0.70 X 0 0 0 Pamela Moore Snyder Director 0.70 X 0 0 0 Br Guy Consolmagno SJ Ex Officio 20.00 X X 0 0 0 Sr Raffaella Petrini FSE Ex Officio 0.70 X 0 0 0 0 0 0 0 0 0 0 0 360000 1128165 1488165 Telescope Use Rental I 541900 21725 21725 Honoraria 541900 12143 12143 Book Royalties 541900 10398 10398 Calendar/Books 541900 9390 9390 53656 49785 49785 672095 666020 6075 6075 6075 3480 3170 310 310 1597991 53966 0 55860 237365 127365 110000 9535 9535 8415 8415 6181 6181 54400 54400 18492 18492 47310 4905 33948 8457 72700 62899 9801 15765 15765 24414 4376 20038 3485 3485 3 3 87419 87419 18803 18803 MGIO Expenses 143871 143871 Indirect Operating Expe 126002 62150 33131 30721 Printing Expenses 23532 23532 Equipment 8786 8786 3536 63 -1558 5031 910014 517599 148393 244022 14749 14762 266490 720272 168095 13821 33942 3682908 2906705 715022 776203 1847912 2004848 2857994 3718122 10895 29033 13310 13310 24205 42343 X 1098091 1468471 1735698 2207308 2833789 3675779 2857994 3718122 687977 154013 0 X 0 1 X 1 0 X 446108 604460 539394 71494 1488165 3149621 446108 604460 539394 71494 1488165 3149621 1053238 2096383 96751 81262 57985 17057 49785 302840 3452461 257529 0.60720 0.54390 X Part II, column (a) The amounts reported in column (a) are for the full year period from January 1, 2019 through December 31, 2019. Part II, column (b) The amounts reported in column (b) are for the full year period from January 1, 2020 through December 31, 2020. Part II, column (c) The amounts reported in column (c) are for the full year period from January 1, 2021 through December 31, 2021. Part II, column (d) The amounts reported in column (d) are for the short year period from January 1, 2022 through June 30, 2022. Part II, column (e) The amounts reported in column (e) are for the full year period from July 1, 2022 through June 30, 2023. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1705048 -460529 102789 1347308 2006968 -301920 1705048 1852629 154339 2006968 1669667 182962 1852629 1385054 284613 1669667 0.79280 0.20720 0 0 1641554 1627485 14069 1950190 1188057 762133 91164 91163 1 776203 Commissioning liability 13310 13310 X 1982191 154013 250000 3170 407183 1575008 22983 22983 1597991 1140201 250000 3170 253170 887031 22983 22983 910014 Part V, Line 4: The Foundation's endowments were established to support, further and enhance the mission of the Foundation. The Foundation has interpreted the "Management of Charitable Funds Act" (Arizona's version of the Uniform Prudent Management of Institutional Funds Act or "UPMIFA"), which underlies the Foundation's net asset classification of donor-restricted endowment funds, as requiring the preservation of the fair value of the original gift. As a result of this interpretation, the Organization classifies as net assets with donor restrictions (1) the original value of gifts donated to the endowment, (2) the original value of subsequent gifts to the endowment, and (3) accumulations to the endowment made in accordance with the direction of the applicable donor gift instrument at the time the accumulation is added to the fund. The remaining portion of the donor-restricted endowment fund is classified as net assets with donor restrictions until those amounts are appropriated for expenditure by the Foundation in a manner consistent with the standard of prudence prescribed by the law, at which time those amounts will be reported as net assets without donor restrictions. Accordingly, the Foundation considers the following factors in making a determination to appropriate or accumulate donor-restricted endowment funds: The duration and preservation of the fund. The purposes of the Foundation and the donor-restricted endowment fund. General economic conditions. The possible effect of inflation and deflation. The expected total return from income and the appreciation of investments. Other resources of the Foundation. The Foundation's investment policies. Part X, Line 2: The Foundation is an Internal Revenue Code ("IRC") Section 501(c)(3) organization, exempt from taxes by application of IRC Section 501(a) and is a public charity by application of IRC Section 509(a)(1). Accordingly, no provision for federal or state income taxes is recorded in the accompanying financial statements. Income from certain activities not directly related to the Foundation's tax-exempt purpose, however, may be subject to taxation as unrelated business income. Management has considered its tax positions in accordance with the accounting standard for uncertainty in income taxes and believes that all of the positions taken in its federal and state exempt organization returns are more likely than not to be sustained upon examination. In addition, Management is not aware of any matters which would cause the Foundation to lose its tax-exempt status. The Foundation's returns are subject to examination by federal and state taxing authorities, generally for three and four years, respectively, after they are filed. The Foundation recognizes interest and penalties related to unrecognized tax benefits in general and administrative expenses in the accompanying financial statements. During the year ended June 30, 2023, the Foundation did not recognize any interest and penalties. Part XI, Line 2d - Other Adjustments: Cost of Goods Sold 3,170. Part XI, Line 4b - Other Adjustments: Fees 22,983. Part XII, Line 2d - Other Adjustments: Cost of Goods Sold 3,170. Part XII, Line 4b - Other Adjustments: Fees 22,983. Form 990, Part VI, Section A, line 6 The Organization has members. Form 990, Part VI, Section A, line 7a Members elect the governing body. Form 990, Part VI, Section A, line 7b Members approve decisions of the governing body. Form 990, Part VI, Section B, line 11b Form 990 is provided to the governing body before it is filed. The form is reviewed by the signing officer on behalf of the governing body before it is filed. Form 990, Part VI, Section B, line 12c Organizational bylaws require officers and directors to report conflicts of interest. Form 990, Part VI, Section C, line 19 Annual Reports are available to the public and can be seen on Arizona Corporation Commission website. Expanded detailed annual report is also posted on the entity's website along with the Organization's Audit report. Form 990, Line A Change of Accounting Period: Revenue Procedure 85-58 rules apply. The Jesuit Community of the Vatican Observatory 2017 E Lee Street Tucson AZ 85719 943131306 Religious/Charitable work AZ 501(c)(3) Line 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0