2020-03-11T17:37:49-05:00 2019-08-31 582676261 Rogers & Company PLLC 8300 Boone Boulevard Suite 600 Vienna VA 22182 990 2018-09-01 541436224 Mercatus Center Inc MERC 7039934930 3434 Washington Blvd 4th Floor Arlington VA 222014508 Gary Leff Treasurer and CFO 7039934930 2020-03-11 1 Lori A Collingsworth P00639819 7038930300 2020-03-10 207.190.19.216 2020-03-11 18:35:45 ED P 4E34592AB1F6423AB9D06C25827E64500E8BEDD1 DD3BD8FAA7E619236B258E939CC8F9AD6F7FDC38 2018 2020-11-06 18:47:13Z Gary Leff 3434 Washington Blvd 4th Floor Arlington VA 222014508 31817687 0 X www.mercatus.org X 1987 VA To bridge the gap between academic research and public policy problems. 10 8 226 0 0 0 28250570 30278963 160395 153479 247826 182238 29791 180468 28688582 30795148 323752 209814 0 0 16705938 17147165 0 0 1786226 11845547 13044965 28875237 30401944 -186655 393204 23073307 22931599 4318280 3772502 18755027 19159097 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 8439435 20300 6229 Policy Research- Conduct economic research of consequence that makes sense of public policy problems and puts forward solutions that maximize individual freedom and prosperity 6708222 65118 University Research & Teaching - Supports academic research and faculty activities at George Mason University to advance and apply a research agenda for understanding institutions and change. 5298613 124396 147250 Student Programs - Support Graduate Students at George Mason University, training future scholars and decision-makers to advance and apply a research agenda for understanding institutions and change. 2988783 Communications - Improves the effectiveness of Mercatus outreach efforts, raises its public profile, and promotes its research and ideas to media and opinion shapers. 2098969 Outreach - Brings education in economic ideas to key decision-makers in the public policy process. 1348785 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. 6436537 26882807 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 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 1 411 0 1 226 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 10 8 1 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 OK OR RI SC UT VA WV X The Center 7039934930 3434 Washington Blvd 4th Floor Arlington VA 222014508 Tyler Cowen Chairman 1.00 X X 42757 0 0 Charles G Koch Director 1.00 X 0 0 0 Richard H Fink Director 1.00 X 0 0 0 Vernon Smith Director 1.00 X 0 0 0 Manuel H Johnson Director 1.00 X 0 0 0 Frank Atkinson Director 1.00 X 0 0 0 Edwin Meese Director 1.00 X 0 0 0 Donald Boudreaux Director 1.00 X 86000 0 0 Emily Chamlee-Wright Director 1.00 X 0 0 0 Brian Hooks Director 1.00 X 0 0 0 Daniel Rothschild Executive Director 40.00 X 370000 0 17640 Jennifer Zambone Secretary and COO 40.00 X 212500 0 6517 Gary Leff Treasurer and CFO 27.00 X 167333 0 10064 Veronique De Rugy Senior Research Fellow 40.00 X 282500 0 6440 Charles Blahous J. Fish and Lillian F. Smith Chair 40.00 X 226250 0 7361 William Beach Vice President of Policy Research 40.00 X 190000 0 5685 Patrick McLaughlin Director of Policy Analytics 40.00 X 212500 0 6440 Eileen Norcross Vice President of Policy Research 40.00 X 223750 0 7361 2013590 0 67508 41 0 1 0 Fairfax Marriott at Fair Oaks 11787 Lee Jackson Memorial Hwy Fairfax VA 22033 Catering & Lodging 244666 Tilapia FilmLLC 1188 Court St 28 Elko NV 89081 Production & Film 211250 Morgan Meredith & Associates 22780 Indian Creek Dr Ste 100 Dulles VA 20166 Mailing Services 158068 Hire Strategy 7076 Solutions Center Chicago IL 606777000 Professional Services 108864 Gabriel De Meco Canada de Gomez 4727 departamento Buenos Aires AR C1439GNI Technology Services 101110 5 30278963 774292 30278963 Educational programs 611710 153479 153479 153479 187475 187475 179952 0 179952 179952 179952 1015352 1950 1022539 0 -7187 1950 -5237 -5237 Other revenue 900099 516 516 516 30795148 153479 0 362706 X 126300 126300 68096 68096 15418 15418 937335 187467 374934 374934 14048032 12783619 623137 641276 933832 840909 42402 50521 1227966 1070738 78523 78705 60188 42446 5101 12641 21096 21096 11192 11192 6001537 5787982 50106 163449 142156 141618 300 238 1292358 956329 38778 297251 530203 389150 126871 14182 1390605 1237783 64913 87909 2029988 1978500 34726 16762 802956 784412 13512 5032 373269 332248 17424 23597 18344 16328 856 1160 Bad debt 292623 64597 228026 Memberships 36538 36469 29 40 Property taxes 21106 18787 985 1334 List rental 20806 3611 17195 30401944 26882807 1732911 1786226 8467457 207580 10309590 18308175 1605373 1815000 244352 5632 102974 369911 2888196 2146642 985876 741554 1357685 1483747 23073307 22931599 1231843 1018703 2370978 2380015 715459 373784 4318280 3772502 X 17130353 16490502 1624674 2668595 18755027 19159097 23073307 22931599 393204 10866 0 X X 0 1 X 1 0 X 23735983 27425836 29211150 28250570 30278963 138902502 23735983 27425836 29211150 28250570 30278963 138902502 55367213 83535289 7145 12141 58887 121308 367427 566908 139469410 1081750 0.59900 0.58300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 414057 153711 260346 2474139 1992931 481208 741554 Gift annuities 219869 Due to affiliate 153915 373784 X 31977824 10866 1183002 1193868 30783956 11192 11192 30795148 31573754 1183002 1183002 30390752 11192 11192 30401944 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, 2019 and 2018. 1 Europe (Including Iceland & Greenland) 0 0 Grants to recipients located in the region Educational programs 4183 North America 0 0 Grants to recipients located in the region Educational programs 10000 Russia and Neighboring States 0 0 Grants to recipients located in the region Educational programs 1235 0 0 0 0 0 0 15418 0 15418 North America Student development/education grants 10000 Wire/EFT/Check 0 N/A N/A 1 0 Student development/education grants Europe (Including Iceland & Greenland) 5 4183 Wire/EFT/Check 0 N/A N/A Russia and Neighboring States 1 1235 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 are in good standing at the George Mason University and who actively engage in original research. 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. 1 George Mason University Foundation 4400 University Drive MSN 1A3 Fairfax VA 220304444 541603842 501(c)(3) 105000 0 N/A N/A General support-See Part IV The Perdue School of Business 1101 Camden Ave Salisbury MD 21801 526002033 501(c)(3) 20000 0 N/A N/A Student development/education grants 2 0 Capped expense reimbursement for Research Related Travel 72 58096 0 N/A N/A Emergent Ventures 4 10000 0 N/A N/A Part I, Line 2: Faculty awards are given to those Center faculty members who are in good standing at the George Mason University and who actively engage in original research. 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 Rothschild Executive Director 220000 0 150000 0 0 0 0 0 17640 0 387640 0 0 0 Jennifer Zambone Secretary and COO 167500 0 45000 0 0 0 0 0 6517 0 219017 0 0 0 Gary Leff Treasurer and CFO 97988 0 69345 0 0 0 0 0 10064 0 177397 0 0 0 Veronique De Rugy Senior Research Fellow 212500 0 70000 0 0 0 0 0 6440 0 288940 0 0 0 Charles Blahous J. Fish and Lillian F. Smith Chair 206250 0 20000 0 0 0 0 0 7361 0 233611 0 0 0 William Beach Vice President of Policy Research 190000 0 0 0 0 0 0 0 5685 0 195685 0 0 0 Patrick McLaughlin Director of Policy Analytics 182500 0 30000 0 0 0 0 0 6440 0 218940 0 0 0 Eileen Norcross Vice President of Policy Research 178750 0 45000 0 0 0 0 0 7361 0 231111 0 0 0 X 10 774292 Fair market value 0 0 0 Form 990, Part VI, Section A, line 2 Board members Charles G. Koch and Brian Hooks have a business relationship. 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 1,160,552. Management and general expenses 7,027. Fundraising expenses 111,190. Total expenses 1,278,769. Honoraria, Fellowships, Sponsorships & Awards: Program service expenses 4,343,928. Management and general expenses 2,073. Fundraising expenses 50,099. Total expenses 4,396,100. Photography, Production, & Film: Program service expenses 221,148. Management and general expenses 7. Fundraising expenses 10. Total expenses 221,165. Temporary Help: Program service expenses 40,606. Management and general expenses 40,999. Fundraising expenses 2,150. Total expenses 83,755. Peer Reviews: Program service expenses 21,748. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,748. 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.