Lsst Inc.

“Lsst, inc. Members are adler planetarium, argonne national laboratory, brookhaven national laboratory (bnl), california institute of technology, carnegie mellon university, chile, columbia university, cornell university, drexel university, fermi national accelerator laboratory, george mason university, google, inc., harvard-smithsonian center for astrophysics, insitut de physique nucleaire et de physique des particules (in2p3), john hopkins university, las cumbres observatory global telescope network, inc., lawrence livermore national laboratory (llnl), los alamos national laboratory (lanl), national optical astronomy observatory, national radio astronomy observatory, northwestern university, princeton university, purdue university, research corporation for science advancement, rutgers university, stanford university - kavli institute for particle astrophysics and cosmology, stanford university linear accelerator center, space telescope science institute, texas a & m university, the pennsylvania state university, the university of arizona, university of california at davis, university of california at irvine, university of illinois at urbana-champaign, university of michigan, university of oxford, university of pennsylvania, university of pittsburgh, university of washington, and vanderbilt and fisk university.”

“There are no committees with authority to act on behalf of the governing body.”

“The form 990 is reviewed by the president, project manager and business manager before submission.”

“The conflict of interest policy is monitored and enforced by the president and secretary.”

“The board chair and executive board review top management compensation annually and make the final determination. The president and human resources review compensation packages annually for other officers. These processes were most recently conducted in 2014.”

“The organization's governing documents, conflict of interest policy and financial statements are available upon request.”

“Patricia eliason, lsst president, received $104,748 in compensation, $15,000 in bonuses, $12,500 in deferred compensation, and $9,150 in nontaxable benefits during the 2015 calendar year by aura/noao for her services at lsst, inc. Her fiscal year (10/1/14 - 9/30/15) compensation, deferred compensation, and benefits were $125,775, $12,454, and $8,390, respectively. Daniel calabrese, lsst secretary, received $22,250 in compensation, $2,225 in deferred compensation, and $4,450 in nontaxable benefits during the 2015 calendar year by aura/noao for his services at lsst, inc. His fiscal year (10/1/14 - 9/30/15) compensation, deferred compensation, and benefits were $125,537, $12,621, and $12,675, respectively. Since this compensation is not paid directly by lsst but is paid directly by aura/noao and then reimbursed by lsst, aura/noao issues the w-2's for their total compensation. Therefore, lsst reports 0 w-2's issued in part v, line 2a.”

“Effective may 1, 2014, the organization agreed to transfer to the association of universities for research in astronomy, inc. (aura) all of its rights, title, and interest in the m1/m3 mirror and the m2 mirror blank upon completion. The mirror contract and associated costs of approximately $22 million represent approximately 34.5 percent of total assets at september 30, 2014. As of september 30, 2015, the organization transferred the mirrors and other intellectual property of $62,399,245 to aura. Aura will continue to develop the mirror, telescope and observatory site, while the organization will continue on as a partner in the operation of the lsst facility and solicitor of additional funding and contributions for the project. The amount transferred to aura has been reported under other changes in net assets in part xi of the 990. Since this amount represented a transfer of more than 25% of its net assets, the transaction has also been reported in schedule n as required.”

“Transfer of assets to aura -62,399,245.”

“The oversight process and the selection process has not changed from prior year.”