Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,431,137

• 1f · All other contributions, gifts and grants

  $3,461,885

• 1g · Noncash contributions included above

  $5,113

• 2a · Program service revenue: OBSERVATORY OPERATIONS

  total $18,862,494 · related or exempt $18,862,494

• 2b · Program service revenue: NASA COOPERATIVE AGREEMENT

  total $4,981,925 · related or exempt $4,981,925

• 2c · Program service revenue: VISITING SCIENCE QUARTERS

  total $125,759 · related or exempt $125,759

• 2d · Program service revenue: KECK LOGO MERCHANDISE

  total $5,804 · excluded $5,804

• 3 · Investment income

  total $536,445 · excluded $536,445

• 5 · Royalties

  total $2,485 · excluded $2,485

• 7a · Gross sales of assets other than inventory

  securities $186,324

• 7b · Less cost or other basis and sales expenses

  securities $5,113

• 7c · Gain or loss

  securities $181,211

• 7d · Net gain or loss

  total $181,211 · excluded $181,211

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $4,723,499 · program services $4,723,499

• 5 · Compensation of officers, directors and key employees

  total $2,127,805 · program services $1,112,039 · management and general $963,539 · fundraising $52,227

• 7 · Other salaries and wages

  total $14,975,737 · program services $10,786,675 · management and general $3,697,702 · fundraising $491,360

• 8 · Pension plan contributions

  total $1,038,265 · program services $747,838 · management and general $256,361 · fundraising $34,066

• 9 · Other employee benefits

  total $2,432,777 · program services $1,667,252 · management and general $719,314 · fundraising $46,211

• 10 · Payroll taxes

  total $1,107,661 · program services $797,822 · management and general $273,496 · fundraising $36,343

• 11b · Fees: legal

  total $105,372 · management and general $105,372

• 11c · Fees: accounting

  total $65,707 · management and general $65,707

• 11d · Fees: lobbying

  total $5,887 · management and general $5,887

• 11g · Fees: other

  total $1,037,648 · program services $827,622 · management and general $202,615 · fundraising $7,411

• 12 · Advertising and promotion

  total $10,547 · program services $6,645 · management and general $1,684 · fundraising $2,218

• 13 · Office expenses

  total $200,350 · program services $67,436 · management and general $124,411 · fundraising $8,503

• 14 · Information technology

  total $443,792 · program services $324,582 · management and general $98,011 · fundraising $21,199

• 16 · Occupancy

  total $1,744,062 · program services $1,720,162 · management and general $17,672 · fundraising $6,228

• 17 · Travel

  total $737,953 · program services $591,307 · management and general $90,736 · fundraising $55,910

• 19 · Conferences, conventions and meetings

  total $213,443 · program services $58,040 · management and general $149,199 · fundraising $6,204

• 20 · Interest

  total $50,000 · program services $50,000

• 22 · Depreciation, depletion and amortization

  total $3,784,265 · program services $3,766,050 · management and general $14,672 · fundraising $3,543

• 23 · Insurance

  total $91,157 · program services $54,147 · management and general $36,187 · fundraising $823

• 24a · Other expenses: INSTRUMENTATION TRANSFE

  total $11,672,543 · program services $11,672,543

• 24b · Other expenses: EQUIPMENT AND TOOLS

  total $1,432,456 · program services $1,420,923 · management and general $11,533

• 24c · Other expenses: EQUIP RENTAL AND MAINTE

  total $1,092,033 · program services $1,063,019 · management and general $23,542 · fundraising $5,472

• 24d · Other expenses: INDIRECT COST RECOVERY

  total $0 · program services $2,205,253 · management and general -$2,205,253

• 24e · All other expenses

  total -$4,432,982 · program services -$4,432,982

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $462 · end of year $1,052

• 2 · Savings and temporary cash investments

  beginning of year $2,885,931 · end of year $2,591,378

• 3 · Pledges and grants receivable

  beginning of year $1,192,276 · end of year $855,524

• 4 · Accounts receivable

  beginning of year $101,269 · end of year $113,431

• 9 · Prepaid expenses and deferred charges

  beginning of year $995,399 · end of year $1,230,093

• 10a · Land, buildings and equipment: cost or other basis

  $148,813,677

• 10b · Land, buildings and equipment: accumulated depreciation

  $112,470,096

• 10c · Land, buildings and equipment, net

  beginning of year $47,066,760 · end of year $36,343,581

• 12 · Investments: other securities

  beginning of year $24,310,753 · end of year $22,562,205

• 17 · Accounts payable and accrued expenses

  beginning of year $4,469,468 · end of year $4,880,743

• 24 · Unsecured notes and loans payable

  beginning of year $2,500,000 · end of year $2,500,000

• 27 · Net assets without donor restrictions

  beginning of year $65,106,663 · end of year $52,956,947

• 28 · Net assets with donor restrictions

  beginning of year $4,476,719 · end of year $3,359,574

The filer's explanations (Part III)

PART I, LINE 1A

DURING THE FISCAL YEAR, CARA PAID MR. HILTON LEWIS, DIRECTOR, HOUSING ALLOWANCE TOTALLING $7,308. THE HOUSING ALLOWANCE WAS INCLUDED IN PAYROLL AS TAXABLE WAGES.

PART I, LINE 3

ANNUALLY THE CARA BOARD EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE COMPENSATION OF BOTH THE DIRECTOR AND THE CHIEF SCIENTIST USING MARKET COMPENSATION STUDIES WHICH MAY INCLUDE OTHER FORM 990 RETURNS.

PART I, LINE 4A

DURING THE FISCAL YEAR, CARA PAID SEVERANCE PAY OF $362,578 TO MR. HILTON LEWIS, DIRECTOR.

PART I, LINE 7

CARA HAS AN OBSERVATORY-WIDE BONUS PROGRAM FOR WHICH ALL CARA EMPLOYEES ARE ELIGIBLE TO BE NOMINATED BY OTHER CARA EMPLOYEES FOR ACHIEVEMENTS BASED ON NON-REVENUE CRITERIA.

PART II (B)(I)(11)

CAROL SCHULL IS A FULL-TIME EMPLOYEE OF CALIFORNIA INSTITUTE OF TECHNOLOGY (CALTECH). CARA PAID CALTECH $30,515 IN CALENDAR YEAR 2022 FOR CAROL'S SERVICES RENDERED AS SECRETARY FOR CARA.