Lsst INC EIN 56-2390650

Lsst INC

EIN  56-2390650 Public charity (501(c)(3)) Tucson, AZ
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Size
$100K–1M
What they do
Builds best practices and provides training for equitable scientific engagement and inclusion within the LSST discovery community.
Leadership
Beth Willman · CEO · $188K
Money in and out
$643K revenue, $769K expenses
Bottom line
82% program efficiency

Builds best practices and provides training for equitable scientific engagement and inclusion within the LSST discovery community. For fiscal year 2023 it reported $643K in revenue, $769K in expenses, and $2.2M in net assets.Pt I

Where the money goes · FY2023
Total revenue
$643K
Pt VIII · Ln 12
Total expenses
$769K
Pt IX · Ln 25
Net assets
$2.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$126K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.17 Fundraising $0.02
Program efficiency
82%
of spending reaches programs▲ +12% vs prior filing year
Operating runway
79.7mo
months of highly liquid reserves at operating expense rate▲ +180% vs prior filing year
Surplus margin
-20%
revenue over expenses, this year▼ -211% vs prior filing year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$643K
FY2023▼ -78%
Expenses
$769K
FY2023▼ -69%
Total assets
$6.5M
FY2023▼ -13%
Total liabilities
$4.3M
FY2023▼ -17%
Total revenue
$643K
Pt VIII · Ln 12
Total expenses
$769K
Pt IX · Ln 25
Net assets
$2.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$126K
Total assetsPt X · Ln 16$6.5M
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

3 program services account for $614K of program spending, described in the organization's own filed words · FY2023.
01

The templeton program supports outstanding early-career researchers who are conducting cutting-edge scientific investigations and actively contributing to the long-term strength of the field.

$509Kprogram expense
02

The inclusive collaboration programs, supported by the heising-simons foundation, build best practices for equitable scientific engagement in the LSST discovery alliance community. These programs model and test policies and organizational structures that promote broad inclusion and engage scientists practices and structures that foster…

$67Kprogram expense
03

The LSST interdisciplinary network for collaboration and computing (lincc) frameworks program, supported by schmidt sciences, is an ambitious program to develop state-of-the-art data analysis techniques capable of meeting the scale and complexity of the data produced by the rubin observatory legacy survey of space and time (rubin LSST)…

$38Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLsst INC
EINHdr · item D56-2390650
Principal addressHdr · item CTucson, AZ
WebsiteHdr · item Jwww.lsstcorporation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAZ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFScience & Technology (U31)
Ruling yearIRS BMFApr 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$187,695Pt VII · Sec A
Corporate Secretary
$14,225Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Beth Willman’s $188K as CEO is at the 92nd percentile of top reported officer pay among 310 $100K–1M science & technology nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2023FY2023
Beth Willman Lefkon$232,092
Beth Willman$187,695
Patricia Eliason$144,289
Daniel Calabbrese$14,225$142,506

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$618K · 96%
Investment income$25K · 4%
Contributions & grants96%$618K
Investment income4%$25K
Total revenueLn 12$643K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.17 Fundraising $0.02
Program services82%$627K
Management & general17%$128K
Fundraising2%$13K
Total functional expensesLn 25$769K

Balance Sheet

Part X · end of year
CashLn 1$5.1M
Total assetsLn 16$6.5M
Total liabilitiesLn 26$4.3M
Total net assetsLn 32$2.2M
Months of cash on handcomputed79.7

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $5.1M · Operating expenses/yr $769K
79.7 months
Where the money goes
Program services
Program services $627K · Total expenses $769K
82%
Management & General
Management & general $128K · Total expenses $769K
17%
Fundraising
Fundraising $13K · Total expenses $769K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $28K · Solicited contributions (3-yr avg) $1.4M
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $618K · Total revenue $643K
96%
Government reliance
Government grants — · Total revenue $643K
Earned-income share
Program service revenue $0 · Total revenue $643K
0%
Investment reliance
Investment income $25K · Total revenue $643K
+4%
Program self-sufficiency
Program service revenue $0 · Total expenses $769K
0%
Growth & trend
Revenue growth (YoY)
This year $643K · Prior year $3.0M
-78%
Revenue CAGR
FY2019 $1.1M · FY2023 $643K
-13%
Net-asset trend (YoY)
End of year $2.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $643K · Expenses $769K
-20%
Liabilities-to-Assets
Total liabilities — · Total assets $6.5M
Net-asset ratio
Net assets $2.2M · Total assets $6.5M
33%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $6.5M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Beth Willman · Reported title CEO · Highest reported compensation $188K · Total expenses $769K
24%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $144K · Total expenses $769K
19%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 17%
Fundraising cost ratio 2%
Revenue growth -78%
Accounting fee ratio 4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 4 funders →
Grants paid · 100 grants · $3.9M · 2019–2023
University of ArizonaFY2023$70,032
University of WashingtonFY2023$40,860
Washington State UniversityWA · FY2023$34,682
Johns Hopkins UniversityMD · FY2023$25,867
Michigan State UniversityMI · FY2023$20,000
University of DelawareDE · FY2023$17,000
Northwestern UniversityIL · FY2023$15,587
Unitemized GrantFY2023$7,054
Drexel UniversityPA · FY2023$7,000
Unitemized GrantFY2023$3,168
Unitemized GrantFY2023$300
University of ArizonaFY2022$184,479
University of ArizonaFY2022$184,479
Washington State UniversityWA · FY2022$136,228
See all 100 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2023$3.0M revenue · ⤓ 990 PDF
FY2022$918K revenue · ⤓ 990 PDF
FY2021$1.1M revenue · ⤓ 990 PDF
FY2020$1.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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