2023-02-22T11:06:19-06:00 2022-08-31 582676261 Rogers & Company PLLC 8300 Boone Boulevard Suite 600 Vienna VA 22182 990 2021-09-01 541436224 Mercatus Center Inc MERC 7039934930 3434 Washington Blvd 4th Floor Arlington VA 222014508 Gary Leff Treasurer and CFO 7039934930 2023-02-22 1 Gary Leff XXX-XX-XXXX Lori A Collingsworth P00639819 7038930300 2023-02-22 3 AAL1 IAL1 2021 2023-03-07 01:45:13Z Gary Leff 3434 Washington Blvd 4th Floor Arlington VA 222014508 50725293 0 X www.mercatus.org X 1987 VA To bridge the gap between academic research and public policy problems. 10 7 226 0 0 0 49704276 49537054 52550 153426 3049 122581 290229 293449 50050104 50106510 13575267 11459282 0 0 19266668 20538479 0 0 1992821 15870786 13088962 48712721 45086723 1337383 5019787 39656481 43899623 4976478 4530547 34680003 39369076 X The Center educates students and is an organization that uses sound interdisciplinary research and application in the humane sciences that integrates theory and practice to develop insights and tools that can sustainably advance a free, prosperous, and civil society. 0 0 17479677 8949660 366 University Research & Teaching - Supports academic research and faculty activities at George Mason University and elsewhere to advance and apply a research agenda for understanding institutions and change or broadly advance a free and prosperous society. 11097251 1739096 30900 Applied Research- Conduct economic research of consequence that makes sense of public policy problems and puts forward solutions that maximize individual freedom and prosperity. 6279123 769005 122005 Student Programs - Support Graduate Students at George Mason University and elsewhere training future scholars and decision-makers to advance and apply a research agenda for understanding institutions and change. 3870273 851 155 Communications - Improves the effectiveness of Mercatus outreach efforts, raises its public profile, and promotes its research and ideas to media and opinion shapers. 1684105 370 Outreach - Brings education in economic ideas to key decision-makers in the public policy process. 1365637 300 Public Affairs - Seeks to inform alumni, faculty, and supporters about the efforts of the Center and build communication that develops a network of individuals interested in liberty. 6920015 1521 155 41776066 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 1 1 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 521 0 1 226 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 10 7 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 AL AR CA FL HI KS KY ME MD MA MI MN MS NH NJ NM NY ND OK OR RI SC TN UT VA WV X The Center 7039934930 3434 Washington Blvd 4th Floor Arlington VA 222014508 Tyler Cowen Chairman 1.00 X X 78258 0 0 Richard Fink Director 1.00 X 0 0 0 Vernon Smith Director 1.00 X 0 0 0 Brian Hooks Director 1.00 X 0 0 0 Emily Chamlee-Wright Director 1.00 X 0 0 0 Edwin Meese Director 1.00 X 0 0 0 Manuel Johnson Director 1.00 X 0 0 0 Donald Boudreaux Director 1.00 X 80000 0 0 Salen Churi Director 1.00 X 0 0 0 Virgil Henry Storr Director/ VP Academic & Student Programs 40.00 X 206005 0 96 Daniel M Rothschild Executive Director 40.00 X 464300 0 31365 Jennifer Zambone Secretary & Chief Operating Officer 40.00 X 240275 0 10453 Gary Leff Treasurer and CFO 20.00 X 182673 0 18944 Daniel Butler Senior Director of Development 40.00 X 326449 0 8578 Veronique De Rugy Senior Research Fellow 40.00 X 284454 0 19843 Eileen Norcross VP of Policy Research 40.00 X 251574 0 26323 Patrick McLaughlin Director of Policy Analytics 40.00 X 235000 0 7525 Charles Blahous J. Fish and Lilian F. Smith Chair 40.00 X 214490 0 27168 2563478 0 150295 61 0 1 0 Morgan Meredith & Associates 22780 Indian Creek Drive Suite 100 Dulles VA 20166 Direct mail marketing services 285310 SalesforceCOM 415 Mission Street 3rd Floor San Francisco CA 94105 Cloud-based online software services 165284 Renaissance Arlington Capital 233 S Wacker Drive Suite 4700 Chicago IL 60606 Catering services 144305 3 49537054 411662 49537054 Educational programs 611710 153426 153426 153426 88257 88257 292515 0 292515 292515 292515 653107 610820 7963 42287 -7963 34324 34324 Other revenue 900099 934 934 934 50106510 153426 0 416030 X 8186395 8186395 1416084 1416084 1856803 1856803 1469940 293988 587976 587976 16566450 15883142 223352 459956 1272066 1183084 30680 58302 1230023 1108188 51333 70502 53017 39910 1427 11680 19858 19858 11961 11961 5257457 4983495 53374 220588 221324 219550 16 1758 1522011 1083396 14233 424382 882830 733651 121276 27903 1484984 1377000 42619 65365 2641448 2566964 66708 7776 547243 524482 20475 2286 239151 221760 6864 10527 57201 57201 Bad debt 50816 47121 1458 2237 List rental 41479 697 40782 Memberships 41182 34592 6537 53 Property taxes 17000 15764 488 748 45086723 41776066 1317836 1992821 8396247 14723036 27766833 26017195 500000 250000 57519 23387 485720 737023 1391825 930710 468474 461115 1865587 1687867 116101 0 39656481 43899623 2098321 1368326 2682357 2870376 195800 291845 4976478 4530547 X 21749916 23165573 12930087 16203503 34680003 39369076 39656481 43899623 5019787 -330714 0 X X 0 1 X 1 0 X 28250570 30278963 71316366 49704276 49537054 229087229 28250570 30278963 71316366 49704276 49537054 229087229 54391628 174695601 121308 367427 380155 355505 380772 1605167 230692396 699086 0.75730 0.73690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 635721 498249 137472 756104 432461 323643 461115 Charitable gift annuities 246047 Due to affiliate 45798 291845 X 51277668 -330714 1513833 1183119 50094549 11961 11961 50106510 46588595 1513833 1513833 45074762 11961 11961 45086723 Part X, Line 2: Management has evaluated the Center's tax positions and concluded that the Center did not have any significant uncertain tax positions at August 31, 2022 and 2021. 1 Central America and the Caribbean 0 0 Grants to recipients located in the region Educational programs 55000 East Asia and the Pacific 0 0 Grants to recipients located in the region Educational programs 84000 Europe (Including Iceland & Greenland) 0 7 Program Services Contract editorial services, survey design services, research and data collection services, teacher resources service provider including mapping course outlines/syllabi and data management 111353 Europe (Including Iceland & Greenland) 0 0 Grants to recipients located in the region Educational programs 368200 North America 0 1 Program Services Information Technology Services 35417 North America 0 0 Grants to recipients located in the region Educational programs 370175 Russia and Neighboring States 0 0 Grants to recipients located in the region Educational programs 10000 South America 0 0 Grants to recipients located in the region Educational programs 11000 South Asia 0 4 Program Services Consultancy services including editorial and creative consulting, sound engineer services, outreach and promotional services, research and data collection services, and compliance consultancy 66598 South Asia 0 0 Grants to recipients located in the region Educational programs 930428 Sub-Saharan Africa 0 0 Grants to recipients located in the region Educational programs 28000 0 8 0 4 0 12 1045145 1025026 2070171 Europe (Including Iceland & Greenland) Student development/education grants 50000 Wire/EFT/Check 0 N/A N/A North America Student development/education grants 10000 Wire/EFT/Check 0 N/A N/A South Asia Student development/education/research grants 25000 Wire/EFT/Check 0 N/A N/A Europe (Including Iceland & Greenland) Student development/education grants 37600 Wire/EFT/Check 0 N/A N/A East Asia and the Pacific Student development/education grants 58000 Wire/EFT/Check 0 N/A N/A South Asia Research Grants 45000 Wire/EFT/Check 0 N/A N/A South Asia Research Grants 350000 Wire/EFT/Check 0 N/A N/A Europe (Including Iceland & Greenland) Research Grants 45000 Wire/EFT/Check 0 N/A N/A South Asia Research Grants 31000 Wire/EFT/Check 0 N/A N/A North America Research Grants 150000 Wire/EFT/Check 0 N/A N/A South Asia Research Grants 15000 Wire/EFT/Check 0 N/A N/A North America Research Grants 100000 Wire/EFT/Check 0 N/A N/A South Asia Research Grants 26000 Wire/EFT/Check 0 N/A N/A South Asia Research Grants 32000 Wire/EFT/Check 0 N/A N/A South Asia Research Grants 40000 Wire/EFT/Check 0 N/A N/A South Asia Research Grants 25000 Wire/EFT/Check 0 N/A N/A 5 11 Student development/education grants/research grants Europe (Including Iceland & Greenland) 3 135000 Wire/EFT/Check 0 N/A N/A Student development/education/reseach grants South Asia 22 326428 Wire/EFT/Check 0 N/A N/A Research grants Central America and the Caribbean 2 55000 Wire/EFT/Check 0 N/A N/A Research grants East Asia and the Pacific 3 26000 Wire/EFT/Check 0 N/A N/A Research grants Europe (Including Iceland & Greenland) 7 100600 Wire/EFT/Check 0 N/A N/A Research grants North America 7 110175 Wire/EFT/Check 0 N/A N/A Research grants Russia and Neighboring States 1 10000 Wire/EFT/Check 0 N/A N/A Research grants South America 1 11000 Wire/EFT/Check 0 N/A N/A Research grants South Asia 1 15000 Wire/EFT/Check 0 N/A N/A Research grants Sub-Saharan Africa 3 28000 Wire/EFT/Check 0 N/A N/A 0 0 0 0 0 0 Part I, Line 2: Faculty awards are given to those Center faculty members who actively engage in original research. In addition, grants were made to support research at other universities that advance the mission of the center and for promising projects to meaningfully improving society through the Emergent Ventures program. Research projects are expected to result in scholarly journal articles, book manuscripts, monographs, or other quality products. Part I, line 3: Foreign expenses are directly tracked and accounted for on the accrual method of accounting used for books. Part III Accounting Method: 1 American Press Institute 4401 N Fairfax Dr 300 Arlington VA 22203 132690182 501(c)(3) 20000 0 N/A N/A University Research & Teaching / Education Grants Arizona State University Foundation for A New American University 300 E University Dr 6th Fl Tempe AZ 852812061 866051042 501(c)(3) 38000 0 N/A N/A University Research & Teaching / Education Grants Brigham and Women's Hospital 75 Francis Street Boston MA 02115 042312909 501(c)(3) 50000 0 N/A N/A University Research & Teaching / Education Grants California Institute of Technology 1200 E California Blvd Pasadena CA 91125 951643307 501(c)(3) 300000 0 N/A N/A Research Grant Connecticut Data Collaborative (CTData) 10 Constitution Plaza Hartford CT 06103 452841472 501(c)(3) 10000 0 N/A N/A University Research & Teaching / Education Grants Doleac Initiatives 1007 S Congress Ave Apt 633 Austin TX 78704 863095957 501(c)(3) 35000 0 N/A N/A Research Grant Environmental Progress PO Box 8538 Albany CA 94707 812714086 501(c)(3) 20000 0 N/A N/A University Research & Teaching / Education Grants Faith Action for Community Equity PO Box 235950 Honolulu HI 96823 990335935 501(c)(3) 28750 0 N/A N/A University Research & Teaching / Education Grants Federation of American Scientists 1112 16th Street NW Suite 600 Washington DC 20036 237185827 501(c)(3) 100000 0 N/A N/A Research Grant George Mason University Foundation 4400 University Drive MSN 1A3 Fairfax VA 220304444 541603842 501(c)(3) 223000 0 N/A N/A University Research & Teaching / Education Grants Georgia State University Research Foundation Inc 58 Edgewood Avenue 3rd Floor Atlanta GA 30303 581845423 501(c)(3) 30636 0 N/A N/A University Research & Teaching / Education Grants Institute for Progress and Altruism 37 Q ST NW UNIT A WASHINGTON DC 20001 872449729 501(c)(3) 100000 0 N/A N/A Research Grant International Center for Law and Economics 1104 NW 15th Ave Ste 300 Portland OR 97209 522363626 501(c)(3) 29000 0 N/A N/A University Research & Teaching / 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02108 042133255 501(c)(3) 38115 0 N/A N/A University Research & Teaching / Education Grants Talent Market 1633 Connecticut Ave NW STE 300 Washington DC 20009 521928321 501(c)(3) 9273 0 N/A N/A University Research & Teaching / Education Grants The Florida State University Foundation Inc 325 West College Avenue Tallahassee FL 323011403 596152180 501(c)(3) 13000 0 N/A N/A University Research & Teaching / Education Grants The Mill Institute 2319 Blanche Lane Champaign IL 61822 873231116 501(c)(3) 73000 0 N/A N/A University Research & Teaching / Education Grants The Research Foundation for The State University of New York PO Box 9 Albany NY 122010009 141368361 501(c)(3) 20000 0 N/A N/A University Research & Teaching / Education Grants University of California San Francisco 1855 Folsom Street Suite 425 San Francisco CA 94143 946036493 501(c)(3) 55900 0 N/A N/A University Research & Teaching / Education Grants University of Kansas Center for Research Inc 2385 Irving Hill Road Lawrence KS 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301314078 50000 0 N/A N/A Research Grants Seabird Inc 1088 NE 7th Ave 611 Portland OR 97232 384199488 25000 0 N/A N/A Research Grants 46 12 Research Grants 47 1409360 0 N/A N/A Student development/education grants 8 6724 0 N/A N/A Part I, Line 2: Faculty awards are given to those Center faculty members who actively engage in original research. In addition, grants were made to support research at other universities that advance the mission of the center and for promising projects to meaningfully improving society through the Emergent Ventures program. Research projects are expected to result in scholarly journal articles, book manuscripts, monographs, or other quality products. Schedule I, Part I, Line 1(h): Grants were given to the George Mason University for the following purposes: to provide general support for the mission and activities of the George Mason University Foundation; to provide support for research by faculty members in economics; to support student tuition in the Department of Economics; to support student stipends in the Department of Economics; and for summer support and course buyouts for faculty members in economics. X X X X 0 0 0 0 0 0 0 0 0 Daniel M Rothschild Executive Director 239300 0 225000 0 0 0 0 0 31365 0 495665 0 0 0 Daniel Butler Senior Director of Development 201449 0 125000 0 0 0 0 0 8578 0 335027 0 0 0 Veronique De Rugy Senior Research Fellow 214454 0 70000 0 0 0 0 0 19843 0 304297 0 0 0 Eileen Norcross VP of Policy Research 202274 0 49300 0 0 0 0 0 26323 0 277897 0 0 0 Jennifer Zambone Secretary & Chief Operating Officer 188125 0 52150 0 0 0 0 0 10453 0 250728 0 0 0 Patrick McLaughlin Director of Policy Analytics 200000 0 35000 0 0 0 0 0 7525 0 242525 0 0 0 Charles Blahous J. Fish and Lilian F. Smith Chair 204490 0 10000 0 0 0 0 0 27168 0 241658 0 0 0 Virgil Henry Storr Director/ VP Academic & Student Prog 71250 0 134755 0 0 0 0 0 96 0 206101 0 0 0 Gary Leff Treasurer and CFO 132300 0 50373 0 0 0 0 0 18944 0 201617 0 0 0 X 10 411662 Fair market value 0 0 0 Form 990, Part VI, Section B, line 11b A draft of the Form 990 is prepared by the independent accountants and provided to the Chairman of the Board for review prior to filing. Form 990, Part VI, Section B, line 12c Conflicts and potential conflicts of interest are described in the Center's Employee Manual, which is distributed to all employees. Disclosure is required contemporaneously with any potential conflicts and employees are regularly reminded of the obligation. Form 990, Part VI, Section B, line 15 Officer compensation is set annually by a vote of the Executive Committee of the Board of Directors. Decisions are documented by the Executive Committee and provided to the organization. The committee considers employee performance, their knowledge of non-profit practices, and comparability data. Form 990, Part VI, Section C, line 19 The Organization's makes its financial statements and governing documents available upon request to those deemed to have a bona fide business purpose which advances the exempt purpose of the organization. Form 990, Part IX, line 11g General Contract Services: Program service expenses 1,267,061. Management and general expenses 52,263. Fundraising expenses 169,139. Total expenses 1,488,463. Honoraria, Fellowships, Sponsorships & Awards: Program service expenses 3,609,699. Management and general expenses 453. Fundraising expenses 50,440. Total expenses 3,660,592. Photography, Production, & Film: Program service expenses 73,285. Management and general expenses 0. Fundraising expenses 0. Total expenses 73,285. Temporary Help: Program service expenses 20,786. Management and general expenses 643. Fundraising expenses 987. Total expenses 22,416. Peer Reviews: Program service expenses 12,664. Management and general expenses 15. Fundraising expenses 22. Total expenses 12,701. Form 990, Part XII, Line 2c: The Center's Board of Directors assumes responsibility for oversight of the audit, including selection of independent accountants. This process is consistent with prior years.