Civic Intelligence

Planets Telescope Foundation

990EZ • Fiscal year 2023 • EIN 47-4027864

Jan 01, 2023 to Dec 31, 2023 • Filed on Feb 27, 2024

2540 Kekaulike AveKula, HI 96790

(808) 268-5086

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

94th percentile

68%

Higher net margin than 94% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

76th percentile

25%

Faster asset growth than 76% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

35th percentile

-8.4%

Faster revenue growth than 35% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$417,125

Up $84,608 (+25%) from 2022

Net Assets

Up

$417,125

Up $84,608 (+25%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Down

$123,607

Down $11,373 (-8.4%) from 2022

Expenses

Up

$38,998

Up $32,987 (+549%) from 2022

Net Income

Down

$84,609

Down $44,360 (-34%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2018: $99,229Liabilities 2018: $0Net Assets 2018: $99,2292018Assets 2019: $201,920Liabilities 2019: $0Net Assets 2019: $201,9202019Assets 2020: $162,034Liabilities 2020: $0Net Assets 2020: $162,0342020Assets 2021: $203,546Liabilities 2021: $0Net Assets 2021: $203,5462021Assets 2022: $332,517Liabilities 2022: $0Net Assets 2022: $332,5172022Assets 2023: $417,125Liabilities 2023: $0Net Assets 2023: $417,1252023Assets 2024: $349,022Net Assets 2024: $349,0222024

Highlighted filing

2023

Assets$417,125
Liabilities$0
Net Assets$417,125

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$100K$0-$100KRevenue 2018: $161,255Expenses 2018: $67,874Net Income 2018: $93,3812018Revenue 2019: $150,434Expenses 2019: $47,742Net Income 2019: $102,6922019Revenue 2020: $12,715Expenses 2020: $52,600Net Income 2020: -$39,8852020Revenue 2021: $64,496Expenses 2021: $22,983Net Income 2021: $41,5132021Revenue 2022: $134,980Expenses 2022: $6,011Net Income 2022: $128,9692022Revenue 2023: $123,607Expenses 2023: $38,998Net Income 2023: $84,6092023Expenses 2024: $68,1032024

Highlighted filing

2023

Revenue$123,607
Expenses$38,998
Net Income$84,609
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Feb 27, 2024
Return Version
2023v4.0
Gross Receipts
$123,607
Mission and Program Overview

Mission

The planets foundation's purpose is to advance the knowledge and understanding of exoplanets and solar-planetary bodies in the universe. We accomplish this by conducting research, developing software algorithms and creating new scientific tools and instruments to study these celestial bodies. In addition to our research efforts, we have developed an education and outreach program designed for children, students and general public. This creates an environment where young generation gets excited to pursue careers in science, technology, engineering and math (stem).

Program Services

DescriptionGrantsExpenses
RESEARCH AND EDUCATION -THE PLANETS FOUNDATION CONDUCTS RESEARCH ON KEY TECHNOLOGIES FOR DESIGNING AND IMPROVING ASTROPHYSICAL TELESCOPES AND REMOTE SENSING INSTRUMENTS. THE PLANETS FOUNDATION ALSO DEVELOPS OBSERVATIONS AND DETAILED MODELS OF EXO-ATMOSPHERE AND EXOPLANET SYSTEMS BY USING TECHNIQUES LIKE POLARIMETRY, SPECTROSCOPY AND SPECTROPOLARIMETRY. TO FURTHER OUR COMMITMENT TO EDUCATIONAL EXCELLENCE, WE HAVE ESTABLISHED A COLLABORATIVE PARTNERSHIP WITH ARIZONA STATE UNIVERSITY (ASU). THROUGH THIS COLLABORATION, WE TAP INTO THE INTELLECTUAL RESOURCES OF ASU'S STUDENTS, WHO ACTIVELY CONTRIBUTE TO THE DEVELOPMENT OF OUR SPACE-FOCUSED MEDIA AND INTELLECTUAL PROPERTIES. THIS PARTNERSHIP UNDERSCORES OUR DEDICATION TO INNOVATION AND THE CREATION OF CUTTING-EDGE EDUCATIONAL CONTENT.-$29,363
OUTREACH/EDUCATION - WE ARE DEVELOPING A RETAIL PRODUCT CALLED "STARLIGHTS." THESE NIGHTLIGHTS ARE MORE THAN JUST ILLUMINATING DEVICES; THEY SERVE AS A UNIQUE TOOL FOR EDUCATING INDIVIDUALS OF ALL AGES ABOUT ASTRONOMY. BY INCORPORATING ASTRONOMY-THEMED DESIGNS AND FEATURES, STARLIGHTS CREATE AN OPPORTUNITY FOR A COMMUNITY OF SPACE ENTHUSIASTS TO COME TOGETHER, ENCOURAGING SHARED INTERESTS IN STARGAZING AND CELESTIAL EXPLORATION. WE ARE HELPING DEVELOP AND CREATE EDUCATIONAL VIDEO GAMES. THESE IMMERSIVE AND INTERACTIVE EXPERIENCES ARE DESIGNED TO MAKE ASTRONOMY AND ASTRO SCIENCE ENGAGING AND INFORMATIVE, ESPECIALLY FOR CHILDREN. UNLIKE TRADITIONAL EDUCATIONAL GAMES, OUR APPROACH ALLOWS YOUNG LEARNERS TO DIRECTLY INTERACT WITH REAL-LIFE SCIENTISTS, PROVIDING AN INNOVATIVE AND EDUCATIONAL EXPERIENCE THAT PUSHES THE BOUNDARIES OF CONVENTIONAL TEACHING METHODS.-$8,634
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
TAKESHI SAKANOIPresidentPT$0--
SVETLANA BERDYUGINATreasurerPT$0--
MARCELO EMILIOSecretary/VPPT$0--
Filing and Contact Details

Filer

Filer Name
Planets Foundation
EIN
47-4027864
Phone
8082685086
Address
2540 KEKAULIKE AVE, KULA, HI 96790

Signing Officer

Name
Takeshi Sakanoi
Title
President
Phone
8082685086
Signed
2024-02-27
Discuss with paid preparer
Yes

Preparer

Firm
Barbara J Querry LLC
Address
411 HUKU LII PL STE 202, KIHEI, HI 96753
Preparer
Barbara J Querry CPA
Phone
8088568137
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses web fees and marketing 252 office expense 982 bank fees 17 dues and subscriptions 100 insurance 504 total 1,855

Form 990-ez, Part II, Line 24

Inventories for sale or use 6,794 6,794 telescope constr. In progress 145,138 145,138 total 151,932 151,932

Form 990-ez, Part III

The planets foundation's purpose is to advance the knowledge and understanding of exoplanets and solar-planetary bodies in the universe. We accomplish this by conducting research, developing software algorithms and creating new scientific tools and instruments to study these celestial bodies. In addition to our research efforts, we have developed an education and outreach program designed for children, students and general public. This creates an environment where young generation gets excited to pursue careers in science, technology, engineering and math (stem).

Form 990-ez, Part III, Line 28

Research and education -the planets foundation conducts research on key technologies for designing and improving astrophysical telescopes and remote sensing instruments. The planets foundation also develops observations and detailed models of exo-atmosphere and exoplanet systems by using techniques like polarimetry, spectroscopy and spectropolarimetry. To further our commitment to educational excellence, we have established a collaborative partnership with arizona state university (asu). Through this collaboration, we tap into the intellectual resources of asu's students, who actively contribute to the development of our space-focused media and intellectual properties. This partnership underscores our dedication to innovation and the creation of cutting-edge educational content.

Form 990-ez, Part III, Line 29

Outreach/education - we are developing a retail product called "starlights." these nightlights are more than just illuminating devices; they serve as a unique tool for educating individuals of all ages about astronomy. By incorporating astronomy-themed designs and features, starlights create an opportunity for a community of space enthusiasts to come together, encouraging shared interests in stargazing and celestial exploration. We are helping develop and create educational video games. These immersive and interactive experiences are designed to make astronomy and astro science engaging and informative, especially for children. Unlike traditional educational games, our approach allows young learners to directly interact with real-life scientists, providing an innovative and educational experience that pushes the boundaries of conventional teaching methods.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES WEB FEES AND MARKETING 252 OFFICE EXPENSE 982 BANK FEES 17 DUES AND SUBSCRIPTIONS 100 INSURANCE 504 TOTAL 1,855
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PLANETS FOUNDATION'S PURPOSE IS TO ADVANCE THE KNOWLEDGE AND UNDERSTANDING OF EXOPLANETS AND SOLAR-PLANETARY BODIES IN THE UNIVERSE. WE ACCOMPLISH THIS BY CONDUCTING RESEARCH, DEVELOPING SOFTWARE ALGORITHMS AND CREATING NEW SCIENTIFIC TOOLS AND INSTRUMENTS TO STUDY THESE CELESTIAL BODIES. IN ADDITION TO OUR RESEARCH EFFORTS, WE HAVE DEVELOPED AN EDUCATION AND OUTREACH PROGRAM DESIGNED FOR CHILDREN, STUDENTS AND GENERAL PUBLIC. THIS CREATES AN ENVIRONMENT WHERE YOUNG GENERATION GETS EXCITED TO PURSUE CAREERS IN SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3RESEARCH AND EDUCATION -THE PLANETS FOUNDATION CONDUCTS RESEARCH ON KEY TECHNOLOGIES FOR DESIGNING AND IMPROVING ASTROPHYSICAL TELESCOPES AND REMOTE SENSING INSTRUMENTS. THE PLANETS FOUNDATION ALSO DEVELOPS OBSERVATIONS AND DETAILED MODELS OF EXO-ATMOSPHERE AND EXOPLANET SYSTEMS BY USING TECHNIQUES LIKE POLARIMETRY, SPECTROSCOPY AND SPECTROPOLARIMETRY. TO FURTHER OUR COMMITMENT TO EDUCATIONAL EXCELLENCE, WE HAVE ESTABLISHED A COLLABORATIVE PARTNERSHIP WITH ARIZONA STATE UNIVERSITY (ASU). THROUGH THIS COLLABORATION, WE TAP INTO THE INTELLECTUAL RESOURCES OF ASU'S STUDENTS, WHO ACTIVELY CONTRIBUTE TO THE DEVELOPMENT OF OUR SPACE-FOCUSED MEDIA AND INTELLECTUAL PROPERTIES. THIS PARTNERSHIP UNDERSCORES OUR DEDICATION TO INNOVATION AND THE CREATION OF CUTTING-EDGE EDUCATIONAL CONTENT.
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