CANADA-FRANCE-HAWAII TELESCOPE CORP

EIN: 237438736 501(c)(3)

KAMUELA, HI

Total Revenue
$9,111,323
Total Expenses
$10,036,936
Total Assets
$12,468,719
Net Assets
$11,203,113
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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
HI
Principal Officer
TRACY YOST
Phone
8088857944
Tax Period
2025-01-01 to 2025-12-31

CANADA-FRANCE-HAWAII TELESCOPE CORP, founded in 1974, is a community nonprofit that reported $9.1M in total revenue in fiscal year 2025. Revenue decreased 8% compared to the prior year. Expenses of $10.0M exceeded revenue, resulting in a 10% operating deficit.

Mission

OPERATE 3.6 METER ASTRONOMICAL TELESCOPE TO FURTHER THE KNOWLEDGE AND UNDERSTANDING OF THE UNIVERSE THROUGH SCIENTIFIC RESEARCH, STUDIES, EDUCATION, AND DISSEMINATION OF SUCH KNOWLEDGE.

Program Service Accomplishments

Program 1
Expenses: $8,268,524 Revenue: $880,573

OBSERVATORY OPERATIONS CANADA-FRANCE-HAWAII TELESCOPE (CFHT) IS A HIGH-TECH SERVICE PROVIDER DELIVERING EXQUISITE ASTRONOMICAL DATA LEADING TO SCIENTIFIC DISCOVERIES AT THE FOREFRONT OF TODAY'S...

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OBSERVATORY OPERATIONS CANADA-FRANCE-HAWAII TELESCOPE (CFHT) IS A HIGH-TECH SERVICE PROVIDER DELIVERING EXQUISITE ASTRONOMICAL DATA LEADING TO SCIENTIFIC DISCOVERIES AT THE FOREFRONT OF TODAY'S ASTRONOMY. CFHT OPERATES, MAINTAINS, AND DEVELOPS STATE-OF-THE-ART INSTRUMENTATION ON ITS TELESCOPE LOCATED AT THE TOP OF MAUNAKEA IN HAWAI'I, ONE OF THE BEST SITES IN THE WORLD FOR ASTRONOMICAL RESEARCH, SERVICING THE SCIENTIFIC COMMUNITIES FROM CANADA, FRANCE, AND HAWAI'I, AND THROUGH COLLABORATIVE AGREEMENTS WITH TAIWAN AND CHINA. IN ADDITION, CFHT HAS TRAINED STAFF MEMBERS WHO PERFORM ALL SCIENTIFIC OBSERVATIONS ON BEHALF OF ITS ASTRONOMICAL COMMUNITY AND PROCESS THE DATA STEMMING FROM THOSE OBSERVATIONS. FOR 356 OF THE 365 NIGHTS OF 2025, THE SCHEDULE HAD ONE OF OUR 5 INSTRUMENTS ON THE TELESCOPE AND ACQUIRED DATA AS WEATHER PERMITTED. DURING THE REMAINING 9 NIGHTS, THE TECHNICAL AND SCIENTIFIC STAFF PERFORMED A SCHEDULED TECHNICAL ACTIVITY TO RECOAT THE PRIMARY MIRROR OF THE TELESCOPE, A SERIES OF TASKS THAT ARE SCHEDULED EVERY 3 YEARS. IN ADDITION TO THREE LARGE PROGRAMS INVOLVING DOZENS OF SCIENTISTS FROM COMMUNITIES WORLDWIDE, CFHT PERFORMED OBSERVATIONS FOR OVER 100 PROPOSALS, REPRESENTING HUNDREDS OF ACTIVE COLLABORATORS. SOME OF THESE PROPOSALS WERE FROM HIGH SCHOOL STUDENTS PARTICIPATING IN THE MAUNAKEA SCHOLARS PROGRAM ALSO IN 2025, A LITTLE OVER 200 PUBLICATIONS APPEARED IN REFEREED SCIENTIFIC JOURNALS BASED ON PRIOR YEARS' OBSERVATIONS AT CFHT. CFHT'S COMMUNICATION AND OUTREACH PROGRAM PLAYS AN IMPORTANT ROLE IN THE LOCAL COMMUNITY VIA ITS EDUCATIONAL ACTIVITIES IN NEIGHBORING SCHOOLS AND CULTURAL CENTERS. THE APPROACH SHOWCASES CFHT'S STAFF, SCIENCE, AND INSTRUMENTATION, AND ENGAGES HAWAI'I ISLAND KEIKI AND THEIR FAMILIES. CFHT SUPPORTED OUTREACH INITIATIVES AIMED AT LOCAL STUDENTS. CFHT CONTINUES TO WORK WITH THE "JOURNEY THROUGH THE UNIVERSE" PROGRAM, SUPPORTING CAREER PANELS AND CLASSROOM VISITS FOR STUDENTS ACROSS HAWAI'I ISLAND. TEACHERS SELECT A TOPIC FOR THEIR CLASSROOM. TOPICS EITHER SUPPORT EDUCATIONAL STANDARDS, FOR EXAMPLE, REINFORCING CONTENT LIKE PHASES OF THE MOON, HOW STARS MOVE ACROSS THE SKY, ETC., OR FOCUS ON STUDENT INTERESTS (BLACK HOLES, EXOPLANETS, ETC.). STAFF MEMBERS VISIT THE LOCAL WAIMEA LIBRARY TWICE A YEAR FOR "ASTRO BASH AND "ENGINEERING BASH", SCIENCE AND ENGINEERING EVENTS THAT INCLUDE INDOOR/OUTDOOR ACTIVITIES, DEMONSTRATIONS, AND DISPLAYS. OLDER STUDENTS WHO PARTICIPATE IN PROGRAMS LIKE THE MAUNAKEA SCHOLARS ARE OFFERED TOURS OF OUR SUMMIT FACILITY, WHILE YOUNGER STUDENTS VISIT OUR HEADQUARTERS IN WAIMEA. OTHER EVENTS OPEN TO THE PUBLIC INCLUDED EVENINGS OF STARGAZING, ASTRO DAY EVENTS IN THE TWO MAJOR CITIES ON THE ISLAND, HILO AND KONA, AND TOURS OF OUR SUMMIT FACILITY. BEYOND EDUCATIONAL OPPORTUNITIES, CFHT STAFF MEMBERS MENTOR STUDENTS AT THE LOCAL SCHOOL AND PARTICIPATE IN FOOD DISTRIBUTION EVENTS OVER THE SUMMER. PROGRAM SERVICE EXPENSES INCLUDE REIMBURSED EXPENSES OF $737,018 FOR ASTRONOMER SERVICES (REIMBURSED ASTRONOMER SERVICES), AND $143,555 IN MISCELLANEOUS DIRECT REIMBURSED EXPENSES RELATED TO CARRYING OUT ASTRONOMICAL RESEARCH ON MAUNAKEA.

Program 2
Expenses: $194,148

DEVELOPMENT ACTIVITIES - MAUNAKEA SPECTROSCOPIC EXPLORER (MSE) PROJECT IN DECEMBER 2024, THE CFHT BOARD OF DIRECTORS RECOMMENDED NOT APPROVING ANY ADDITIONAL FUNDS FOR MSE ACTIVITIES BEYOND WHAT IS...

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DEVELOPMENT ACTIVITIES - MAUNAKEA SPECTROSCOPIC EXPLORER (MSE) PROJECT IN DECEMBER 2024, THE CFHT BOARD OF DIRECTORS RECOMMENDED NOT APPROVING ANY ADDITIONAL FUNDS FOR MSE ACTIVITIES BEYOND WHAT IS STRICTLY NECESSARY TO RESPONSIBLY AND SAFELY STOP CURRENT OPERATIONS. FOLLOWING THIS RECOMMENDATION, CFHT HALTED ALL MSE ACTIVITIES IN 2025. WHILE MSE REMAINS THE LONG-TERM GOAL FOR THE CFHT SITE, ITS IMMEDIATE FOCUS IS TO ENSURE IT REMAINS A VIABLE OPERATIONAL ENTITY UNTIL MSE CAN COMMENCE UNDER THE NEW ASTRONOMY LEASE AT MAUNAKEA.

Program 3

IN 2025, ALL OUR STATE-OF-THE-ART INSTRUMENTS WERE AVAILABLE TO THE CFHT COMMUNITY. WE OPERATE FIVE INSTRUMENTS REMOTELY DURING NORMAL OPERATIONS, WHICH ALSO INCLUDES TWO BENCHMARK SURVEYS: (1) TO...

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IN 2025, ALL OUR STATE-OF-THE-ART INSTRUMENTS WERE AVAILABLE TO THE CFHT COMMUNITY. WE OPERATE FIVE INSTRUMENTS REMOTELY DURING NORMAL OPERATIONS, WHICH ALSO INCLUDES TWO BENCHMARK SURVEYS: (1) TO DISCOVER NEARBY EARTH-LIKE PLANETS IN THE HABITABLE ZONE OF THE MOST NEARBY STARS, AND (2) TO ANSWER SOME OF THE MOST FUNDAMENTAL QUESTIONS IN ASTRONOMY ABOUT THE PROPERTIES OF DARK MATTER AND DARK ENERGY, THE GROWTH OF STRUCTURE IN THE UNIVERSE FROM GALACTIC TO GALAXY CLUSTER SCALES, AND THE ASSEMBLY OF THE MILKY-WAY, AND (3) TO DISCOVER, TRACK, AND CHARACTERIZE SMALL SOLAR SYSTEM OBJECTS BEYOND THE ORBIT OF NEPTUNE TO TEST PLANET FORMATION MODELS. CFHT OPERATED AT FULL CAPACITY IN 2025.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $8,502,031
Program Service Revenue $880,573
Investment Income $-271,281
Other Revenue $0
TOTAL REVENUE $9,111,323

Expense Breakdown

Grants Paid $20,038
Salaries & Benefits $6,490,127
Fundraising Expenses $19,761
Program Expenses $8,462,672
Other Expenses $3,526,771
TOTAL EXPENSES $10,036,936

Year-over-Year Comparison

2025 2024 Change
Revenue $9,111,323 $9,909,297 -0.1%
Expenses $10,036,936 $10,815,164 -0.1%
Net Income $-925,613 $-905,867 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
43
Volunteers
15

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$557,191
Total Directors
10
$0
Key Employees
2
$469,095
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL BALOGH CHAIRMAN 3.00
Officer Director
$0 $0 $0
MARTIN GIARD VICE CHARMAN 3.00
Officer Director
$0 $0 $0
DOUGLAS SIMONS TREASURER 3.00
Officer Director
$0 $0 $0
HERVE AUSSEL SECRETARY 3.00
Officer Director
$0 $0 $0
J-J KAVELAARS DIRECTOR 3.00
Director
$0 $0 $0
CLAIRE MOUTOU DIRECTOR 3.00
Director
$0 $0 $0
ANTHONY CEKIC DIRECTOR 3.00
Director
$0 $0 $0
DAVID LONBORG DIRECTOR 3.00
Director
$0 $0 $0
LUC SIMARD DIRECTOR 3.00
Director
$0 $0 $0
STEFI BAUM DIRECTOR 3.00
Director
$0 $0 $0
JEAN-GABRIEL CUBY EXECUTIVE DIRECTOR 50.00
Officer
$237,724 $60,278 $298,002
TRACY YOST CFO 50.00
Officer
$203,000 $56,189 $259,189
KEVIN HO DIRECTOR OF ENGINEERING 50.00
Key Emp
$185,000 $55,889 $240,889
NADINE MANSET DIRECTOR OF SCIENCE 50.00
Key Emp
$179,000 $49,206 $228,206
DANIEL DEVOST RESIDENT ASTRONOMER 50.00
Highest
$216,050 $64,105 $280,155
GREGORY BARRICK OPTICAL ENGINEER 50.00
Highest
$178,277 $57,564 $235,841
MARC BARIL ELECTRONICS ENGINEER 50.00
Highest
$172,440 $53,546 $225,986
TOM VERMEULEN SOFTWARE ENGINEER 50.00
Highest
$165,000 $49,704 $214,704
WILLIAM MAHONEY SOFTWARE MANAGER 50.00
Highest
$160,100 $48,042 $208,142
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $9,111,323 $10,036,936 $12,468,719 $-925,613
2024 $9,909,297 $10,815,164 $13,004,088 $-905,867
2023 $9,799,466 $10,317,470 $13,863,720 $-518,004
2022 $9,255,307 $10,017,579 $14,275,080 $-762,272
2021 $9,205,566 $9,541,601 $15,098,361 $-336,035
2020 $10,211,901 $9,581,238 $15,750,512 $630,663
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