2025-02-25T10:36:11-06:00 2024-08-31 582676261 Rogers & Company PLLC 8300 Boone Boulevard Suite 600 Vienna VA 22182 990 2023-09-01 541436224 Mercatus Center Inc MERC 7039934930 3434 Washington Blvd 4th Floor Arlington VA 222014508 Gary Leff Treasurer and CFO 7039934930 2025-02-24 1 1 Amanda E Waterhouse P02014004 7038930300 2025-02-24 2023 2025-03-06 01:10:19Z Gary Leff 3434 Washington Blvd 4th Floor Arlington VA 222014508 39392965 0 X www.mercatus.org X 1987 VA To bridge the gap between academic research and public policy problems. 12 9 233 9 0 0 45540249 37253749 312700 210355 1230208 1534200 363735 340075 47446892 39338379 12417727 9944320 0 0 21351126 20888026 80000 116000 2131670 15401776 13861174 49250629 44809520 -1803737 -5471141 43118804 36765270 5523818 4410958 37594986 32354312 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 17150390 7311279 101219 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. 10217258 744115 3968 Applied Research- Conduct economic research of consequence that makes sense of public policy problems and puts forward solutions that maximize individual freedom and prosperity. 7148498 1790327 105000 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. 3698682 5000 168 Communications - Improves the effectiveness of Mercatus outreach efforts, raises its public profile, and promotes its research and ideas to media and opinion shapers. 1653519 93600 Outreach - Brings education in economic ideas to key decision-makers in the public policy process. 1376618 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. 6728819 98600 168 41244965 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 1 1 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 711 0 1 233 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 9 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 IL KS KY ME MD MA MI MN MS NH NJ NM NY OR RI SC TN VA WV X Gary Leff 7039934930 3434 Washington Blvd 4th Floor Arlington VA 222014508 Tyler Cowen Chairman 1.00 X X 133378 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 96300 0 0 Salen Churi Director 1.00 X 0 0 0 Samuel Bowman Director 1.00 X 0 0 0 Katherine Boyle Director 1.00 X 0 0 0 Virgil Henry Storr Director/ VP Academic & Student Programs 40.00 X 247251 0 121 Benjamin Klutsey Executive Director 40.00 X 192466 0 22009 Daniel Rothschild Executive Director 40.00 X 503750 0 32780 Jennifer Zambone Secretary & VP of Operations 40.00 X 263150 0 10979 Gary Leff Treasurer & CFO 20.00 X 195000 0 20989 Daniel Butler Senior Director of Development 40.00 X 335129 0 27347 Veronique De Rugy Senior Research Fellow 40.00 X 315671 0 20403 Eileen Norcross VP of Policy Research 40.00 X 275929 0 26551 Alden Abbott Senior Research Fellow 40.00 X 235860 0 792 Brian Knight Director of Innovation and Governance 40.00 X 233255 0 15783 3027139 0 177754 66 0 1 0 Salesforcecom 415 Mission Street 3rd Floor San Francisco CA 94105 Cloud-based online software services 189064 Hotel AKA Brickell 1395 Brickell Ave Miami FL 33131 Event venue services 154397 Direct Mail Marketing Group 22780 Indian Creek Dr STE 100 Dulles VA 20166 Direct mail campaign services 152421 Bluespark LLC 7610 Falls of Neuse RdSuite 100 Raleigh NC 27615 Consulting services 140911 Christopher J Coyne 10343 Commonwealth Blvd Fairfax VA 22032 Academic lecture and program support 126000 12 37253749 82926 37253749 Educational programs 611710 210355 210355 210355 1526159 1526159 269695 0 269695 269695 269695 57119 5508 49223 5363 7896 145 8041 8041 Credit card rewards 900099 70380 70380 70380 39338379 210355 0 1874275 3487345 3487345 2369146 2369146 4087829 4087829 1751055 1141058 551195 58802 64323 64323 16636391 15345190 336368 954833 1185547 1076208 39285 70054 1250710 1129475 55490 65745 60274 45683 1716 12875 21634 21634 116000 116000 11633 11633 4208653 3785145 90921 332587 211822 211822 1424836 1042890 35140 346806 1583826 1396156 125577 62093 1427022 1314036 45197 67789 3191400 3152294 31900 7206 1326286 1311417 13743 1126 264948 243971 8391 12586 56763 56763 Memberships 34430 26866 7530 34 List rental 24962 2431 22531 Property taxes 12685 11680 402 603 44809520 41244965 1432885 2131670 11621093 5852896 27763585 27676956 406250 0 235458 264905 885417 689596 1655005 1327609 501355 327396 1705646 1953521 43118804 36765270 2188407 1860027 3046903 2233155 288508 317776 5523818 4410958 X 21777415 18745722 15817571 13608590 37594986 32354312 43118804 36765270 X -5471141 130467 100000 X 0 1 X 1 0 X 71316366 49704276 49537054 45540249 37253749 253351694 71316366 49704276 49537054 45540249 37253749 253351694 61781735 191569959 380155 355505 380772 1573276 1795854 4485562 257837256 1002662 0.74300 0.76070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 643055 630264 12791 1011950 697345 314605 327396 Charitable gift annuities 193222 Due to affiliate 124554 317776 X 40802327 130467 1345114 1475581 39326746 11633 11633 39338379 46043001 1345114 -100000 1245114 44797887 11633 11633 44809520 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, 2024 and 2023. Part XII, Line 2d - Other Adjustments: Reversal of Prior Year Grant Expenses 1 Central America and the Caribbean 0 1 Program Services Research services 27236 East Asia and the Pacific 0 2 Program Services Authoring and engagement services 1250 Europe (Including Iceland & Greenland) 0 15 Program Services Authoring, peer review, and editiorial services, conference speaking, engagement and event services, data quality and research services, illustration design services, teacher resources service provider including mapping course outlines/syllabi and data management 224826 North America 0 2 Program Services Authoring services 1750 South America 0 3 Program Services Conference engagement services 500 South Asia 0 12 Program Services Authoring, research and data collection, and website development services 43350 Sub-Saharan Africa 0 1 Program Services Data collection services 38952 Central America and the Caribbean 0 0 Grants to recipients located in the region 73250 East Asia and the Pacific 0 0 Grants to recipients located in the region 31536 Europe (Including Iceland & Greenland) 0 0 Grants to recipients located in the region 1588961 Middle East and North Africa 0 0 Grants to recipients located in the region 36200 North America 0 0 Grants to recipients located in the region 415619 Russia and Neighboring States - 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Ukraine Research Grant 20000 Wire/EFT/Check 0 Russia and Neighboring States - Ukraine Research Grant 10000 Wire/EFT/Check 0 Russia and Neighboring States - Ukraine Research Grant 20000 Wire/EFT/Check 0 Russia and Neighboring States - Ukraine Research Grant 10000 Wire/EFT/Check 0 South America Research Grant 20000 Wire/EFT/Check 0 South America Student Development/education grant 10000 Wire/EFT/Check 0 South Asia Research Grant 100000 Wire/EFT/Check 0 South Asia Research Grant 100000 Wire/EFT/Check 0 South Asia Research Grant 100000 Wire/EFT/Check 0 South Asia Research Grant 80000 Wire/EFT/Check 0 South Asia Research Grant 60000 Wire/EFT/Check 0 South Asia Research Grant 45000 Wire/EFT/Check 0 South Asia Research Grant 35000 Wire/EFT/Check 0 South Asia Research Grant 35000 Wire/EFT/Check 0 South Asia Research Grant 30000 Wire/EFT/Check 0 South Asia Research Grant 30000 Wire/EFT/Check 0 South Asia Research Grant 28000 Wire/EFT/Check 0 South Asia Research Grant 20000 Wire/EFT/Check 0 South Asia Research Grant 15000 Wire/EFT/Check 0 South Asia Research Grant 12000 Wire/EFT/Check 0 South Asia Research Grant 110000 Wire/EFT/Check 0 Sub-Saharan Africa Research Grant 50000 Wire/EFT/Check 0 Sub-Saharan Africa Research Grant 35000 Wire/EFT/Check 0 8 40 Research grants Central America and the Caribbean 2 15000 Wire/EFT/Check Research grants Sub-Saharan Africa 1 10000 Wire/EFT/Check Research grants, and stipend support Central America and the Caribbean 2 17250 Wire/EFT/Check Research grants, and stipend support Europe (Including Iceland & Greenland) 6 33630 Wire/EFT/Check Research grants, and stipend support Sub-Saharan Africa 12 46327 Wire/EFT/Check Stipend support Central America and the Caribbean 1 750 Wire/EFT/Check Stipend support Russia and Neighboring States - Ukraine 1 600 Wire/EFT/Check Stipend support Sub-Saharan Africa 4 4600 Wire/EFT/Check Student development/education fellowships East Asia and the Pacific 8 11235 Wire/EFT/Check Student development/education fellowships Europe (Including Iceland & Greenland) 21 117255 Wire/EFT/Check Student development/education fellowships Middle East and North Africa 5 4889 Wire/EFT/Check Student development/education fellowships South America 23 24003 Wire/EFT/Check Student development/education fellowships South Asia 1 1228 Wire/EFT/Check Student development/education fellowships Sub-Saharan Africa 12 11482 Wire/EFT/Check Student development/education fellowships and stipend support East Asia and the Pacific 7 6719 Wire/EFT/Check Student development/education fellowships and stipend support Europe (Including Iceland & Greenland) 22 27851 Wire/EFT/Check Student development/education fellowships and stipend support Russia and Neighboring States - Ukraine 9 6905 Wire/EFT/Check Student development/education fellowships and stipend support South America 7 7766 Wire/EFT/Check Student development/education fellowships, research grants East Asia and the Pacific 2 5228 Wire/EFT/Check Student development/education fellowships, research grants Europe (Including Iceland & Greenland) 2 6228 Wire/EFT/Check Student development/education fellowships, research grants Middle East and North Africa 3 6311 Wire/EFT/Check Student development/education fellowships, research grants South Asia 7 30340 Wire/EFT/Check Student development/education fellowships, research grants, and stipend support Europe (Including Iceland & Greenland) 163 896057 Wire/EFT/Check Student development/education fellowships, research grants, and stipend support North America 57 295619 Wire/EFT/Check Student development/education fellowships, research grants, and stipend support Russia and Neighboring States - Ukraine 11 98378 Wire/EFT/Check Student development/education fellowships, research grants, and stipend support South America 8 49213 Wire/EFT/Check Student development/education fellowships, research grants, and stipend support South Asia 158 533413 Wire/EFT/Check Student development/education fellowships, research grants, and stipend support Sub-Saharan Africa 26 139107 Wire/EFT/Check 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, Col (c): The number of individual recipients reported is an estimate based on historical trends from the prior year. X X X X X 1 Advanced Advocacy LLC 1750 K Street NW Suite 1200 Washington DC 20006 See Part IV 0 1272500 116000 1156500 1272500 116000 1156500 DC AL AK AR CA CO FL HI IL KS KY ME MD MA MI MN MS NH NJ NM NY ND OH OK OR RI SC TN VA WA WV (ii) Activity: Developed and facilitated relationships between prospective funding partners and Mercatus. Connected existing partners to Mercatus activities. Communicated activities and fundraising strategy to Mercatus leadership. 1 Kyiv School of Economics 2403 Avenue X Brooklyn NY 11235 522264611 501(c)3 1100000 0 Research and Education Grants George Mason University 4400 University Drive MSN 1A3 Fairfax VA 220304444 540836354 501(c)3 437945 0 Research and Education Grants Cornell University 1300 York Avenue Box 314 New York NY 10065 150532082 501(c)3 321113 0 Research and Education Grants Caribbean Progress Studies Institute Inc 21262 Prado Circle Huntington Beach CA 92648 922750682 501(c)3 125000 0 Research and Education Grants Scroll Prize Inc 548 Market St Unit 21052 San Francisco CA 94104 921989282 501(c)3 100000 0 Research and Education Grants Ukraine Global Scholars Foundation 177 Huntington Avenue17th floor1788 Boston MA 02115 810847939 501(c)3 100000 0 Research and Education Grants Drizzle Health LLC 3107 Tilden Drive Baltimore MD 21211 852963964 100000 0 Research and Education Grants George Mason University Foundation 4400 University Drive MSN 1A3 Fairfax VA 220304444 541603842 501(c)3 80000 0 Research and Education Grants Dirac Labs Inc Commenda 108 W 13th Street Suite 100 Wilmington DE 19801 931848077 60000 0 Research and Education Grants Nucleate Bio 88 Gordon St 401 Brighton MA 02135 863225994 501(c)3 55000 0 Research and Education Grants Le Sallay & Marabou International Studies Inc 105 MORNINGSIDE DRIVE CROUTON ON HUDSON NY 10520 852688298 501(c)3 50000 0 Research and Education Grants Institute for Family Studies PO Box 1502 CHARLOTTESVILLE VA 22902 270950140 501(c)3 50000 0 Research and Education Grants The Miami Native Inc 524 Hampton Lane Key Biscayne FL 33149 384243504 501(c)3 50000 0 Research and Education Grants TeacherGimbel Corporation 2400 VIRGINIA AVE NW C705 Washington DC 20037 884201296 501(c)3 50000 0 Research and Education Grants Center for Innovative Governance Research 1717 K Street NW 900 Washington DC 20006 823264419 501(c)3 50000 0 Research and Education Grants Digital Harbor Foundation Inc 1045 Light Street Baltimore MD 21230 452536579 501(c)3 50000 0 Research and Education Grants Institute for the Study of Modern Authoritarianism 114 12th Street Northeast Washington DC DC 20002 861870673 501(c)3 50000 0 Research and Education Grants Duke University POBox 104132 Durham NC 27708 560532129 501(c)3 43000 0 Research and Education Grants Melagen Labs Corp 166 Geary St STE 1500 San Francisco CA 94108 993368216 40000 0 Research and Education Grants Wear Organ Inc 34 Legato Way The Woodlands TX 77382 990693519 501(c)3 30000 0 Research and Education Grants Pause Bio Inc 21 Buena Vista Ave E San Francisco CA 94117 990768118 25750 0 Research and Education Grants New York University - Stern 105 East 17th Street 2nd Fl New York NY 10003 135562308 501(c)3 25000 0 Research and Education Grants Charmaine Lee 407 East 12th Street Apt 3FE New York NY 10009 854390556 501(c)3 25000 0 Research and Education Grants Airstrip AI Inc 651 N Broad St Suite 201 Middletown DE 19709 301406188 25000 0 Research and Education Grants Dognosis Inc 2320 Burnside Street Simi Valley CA 93065 934926716 25000 0 Research and Education Grants NaijaCoder Inc 531 West 135th Street Apt 2 New York NY 10031 883205893 501(c)3 25000 0 Research and Education Grants Diaspora Health LLC 1529 Walnut St Philadelphia PA 19102 882258396 501(c)3 20750 0 Research and Education Grants Positive Sum Inc 8 The Green Dover DE 19901 372095625 20500 0 Research and Education Grants Biocompute Inc 8 The Green Ste A Dover Kent DE 19901 990708259 20000 0 Research and Education Grants vibecamp LLC 222 Fox Run Exton PA 19341 873841151 501(c)3 20000 0 Research and Education Grants Mawazo Institute 1440 W Taylor St PMB 4094 Chicago IL 60607 371845043 20000 0 Research and Education Grants Accelerate SF Inc 1929 Market St San Francisco CA 94103 933563461 20000 0 Research and Education Grants Stego Ventures Inc 1510 Liberty Lane Roswell GA 30075 993298280 501(c)3 20000 0 Research and Education Grants America's Future (AF) 1367 Connecticut Ave NW 200 Washington DC 20036 521928321 20000 0 Research and Education Grants The Counteroffensive Media Worldwide 449 R St NW Apt 102 Washington DC 20001 923828245 501(c)3 20000 0 Research and Education Grants FAVOR Piedmont 54 Marina Road Clover SC 29710 050627921 20000 0 Research and Education Grants Prophecy CRE Inc 450 Hayes St Unit 3G San Francisco CA 94102 991800477 20000 0 Research and Education Grants The Hack Foundation 8605 Santa Monica Blvd 86294 West Hollywood CA 90069 812908499 501(c)3 19500 0 Research and Education Grants The Residency Inc 1152 S Van Ness Ave San Francisco CA 94110 884349464 501(c)3 18000 0 Research and Education Grants Microvessel Inc 26363 Esperanza Dr Los Altos Hills CA 94022 884203332 15750 0 Research and Education Grants Center for Strange Works Inc 17 Chapel St Monroeville OH 44847 992665845 501(c)3 15000 0 Research and Education Grants The Research Foundation for SUNY State University College 108 Ravine Parkway Oneonta NY 13820 141368361 501(c)3 12663 0 Research and Education Grants Kura Technologies Inc 1 Soldiers Field Park Boston MA 02163 923994692 10625 0 Research and Education Grants Archbridge Institute PO Box 34322 Washington DC 20043 474252296 501(c)3 10000 0 Research and Education Grants Hispanic Leadership Foundation 1200 G Street NW - Suite 800 Washington DC 20005 823637480 501(c)3 10000 0 Research and Education Grants Tholos Foundation 722 12th St NW 4th Floor Washington DC 20005 521400492 501(c)3 10000 0 Research and Education Grants Good Kid Production 11 s 12th street richmond VA 23219 832775272 501(c)3 10000 0 Research and Education Grants Minertti 4624 NW 74th Ave Unit 4 D01-058223 Doral FL 331666447 301206320 8600 0 Research and Education Grants Young Voices 1701 Rhode Island Ave NW Washington DC 20036 812593815 501(c)3 8000 0 Research and Education Grants The Curious Maverick 1545 Farmer Pl Santa Clara CA 95051 921730034 501(c)3 6000 0 Research and Education Grants 34 16 Scholarships for qualified education expenses 2 9000 N/A N/A Student development/education Fellowships 417 934508 N/A N/A Research/ Student development Grants 106 1291423 N/A N/A Student development/education stipends 216 134215 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. Part III, column (b): The number of individual recipients reported is an estimate based on historical trends from the prior year. 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 253750 0 250000 0 0 0 0 0 32780 0 536530 0 0 0 Daniel Butler Senior Director of Development 205129 0 130000 0 0 0 0 0 27347 0 362476 0 0 0 Veronique De Rugy Senior Research Fellow 225653 0 90000 0 18 0 0 0 20403 0 336074 0 0 0 Eileen Norcross VP of Policy Research 210929 0 65000 0 0 0 0 0 26551 0 302480 0 0 0 Jennifer Zambone Secretary & VP of Operations 203150 0 60000 0 0 0 0 0 10979 0 274129 0 0 0 Brian Knight Director of Innovation and Governanc 193255 0 40000 0 0 0 0 0 15783 0 249038 0 0 0 Virgil Henry Storr Director/ VP Academic & Student Prog 86250 0 161001 0 0 0 0 0 121 0 247372 0 0 0 Alden Abbott Senior Research Fellow 220860 0 15000 0 0 0 0 0 792 0 236652 0 0 0 Gary Leff Treasurer & CFO 148333 0 46667 0 0 0 0 0 20989 0 215989 0 0 0 Benjamin Klutsey Executive Director 155466 0 37000 0 0 0 0 0 22009 0 214475 0 0 0 Nona Storr See Part V 20000 See Part V 0 Linden Wright See Part V 44323 See Part V 0 Sch L, Part IV, Business Transactions Involving Interested Persons: (a) Name of Person: Nona Storr(b) Relationship Between Interested Person and Organization: Family member of director(d) Description of Transaction: Received honorarium for participating in the Hayek Program Hurricane Dorian recovery project Sch L, Part IV, Business Transactions Involving Interested Persons: (a) Name of Person: Linden Wright(b) Relationship Between Interested Person and Organization: Family member of director(d) Description of Transaction: Received compensation as an employee of Mercatus X 10 82926 Fair market value 0 0 0 0 Part I, Column (b): The number in column (b) reflects the number of contributors. 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 XI, line 9: Reversal of Prior Year Grant Expenses 100,000.