Civic Intelligence

George Mason Research Foundation Inc

EIN 54-2052127 • 501(c)3 • Fairfax, VA

Profile

George mason research foundation (the foundation) was organized to promote, encourage, and aid scholarly inquiry, research and scientific investigation at george mason university by its faculty, staff, and students. The foundation protects and promotes (cont. On schedule o) the commercialization of george mason university's intellectual property. The foundation determines the patentability and obtains patents developed by george mason university faculty, staff, and students. The foundation attempts to license devices and processes developed by faculty, staff, and students. The foundation also administers gifts and grants in furtherance of the university's research, scholarly inquiry, and scentific investigation.

4400 University Drive Msn 3c1Fairfax, VA 22030-4444

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

18th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

78th percentile

26%

Higher net margin than 78% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

100th percentile

2147%

Faster asset growth than 100% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

98th percentile

381%

Faster revenue growth than 98% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$988,960

Up $944,946 (+2147%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$988,960

Up $944,946 (+2147%) from 2023

Revenue

Up

$3,573,242

Up $2,830,167 (+381%) from 2023

Expenses

Up

$2,628,296

Up $1,859,287 (+242%) from 2023

Net Income

Up

$944,946

Up $970,880 (+3744%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0-$500KAssets 2011: $163,856Liabilities 2011: $303,387Net Assets 2011: -$139,5312011Assets 2012: $182,272Liabilities 2012: $277,564Net Assets 2012: -$95,2922012Assets 2013: $186,760Liabilities 2013: $255,824Net Assets 2013: -$69,0642013Assets 2014: $212,245Liabilities 2014: $311,706Net Assets 2014: -$99,4612014Assets 2015: $134,939Liabilities 2015: $269,362Net Assets 2015: -$134,4232015Assets 2016: $122,932Liabilities 2016: $266,936Net Assets 2016: -$144,0042016Assets 2017: $266,021Liabilities 2017: $317,260Net Assets 2017: -$51,2392017Assets 2018: $296,255Liabilities 2018: $328,105Net Assets 2018: -$31,8502018Assets 2019: $239,497Liabilities 2019: $298,363Net Assets 2019: -$58,8662019Assets 2020: $270,582Liabilities 2020: $360,397Net Assets 2020: -$89,8152020Assets 2021: $164,093Liabilities 2021: $200,000Net Assets 2021: -$35,9072021Assets 2022: $69,948Liabilities 2022: $0Net Assets 2022: $69,9482022Assets 2023: $44,014Liabilities 2023: $0Net Assets 2023: $44,0142023Assets 2024: $988,960Liabilities 2024: $0Net Assets 2024: $988,9602024

Highlighted filing

2024

Assets$988,960
Liabilities$0
Net Assets$988,960

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $217,684Expenses 2011: $242,666Net Income 2011: -$24,9822011Revenue 2012: $166,421Expenses 2012: $122,182Net Income 2012: $44,2392012Revenue 2013: $134,426Expenses 2013: $127,248Net Income 2013: $7,1782013Revenue 2014: $125,668Expenses 2014: $156,065Net Income 2014: -$30,3972014Revenue 2015: $73,711Expenses 2015: $108,673Net Income 2015: -$34,9622015Revenue 2016: $69,794Expenses 2016: $79,375Net Income 2016: -$9,5812016Revenue 2017: $392,619Expenses 2017: $299,854Net Income 2017: $92,7652017Revenue 2018: $174,283Expenses 2018: $154,894Net Income 2018: $19,3892018Revenue 2019: $190,462Expenses 2019: $217,478Net Income 2019: -$27,0162019Revenue 2020: $170,572Expenses 2020: $201,521Net Income 2020: -$30,9492020Revenue 2021: $1,562,183Expenses 2021: $1,624,721Net Income 2021: -$62,5382021Revenue 2022: $766,365Expenses 2022: $860,510Net Income 2022: -$94,1452022Revenue 2023: $743,075Expenses 2023: $769,009Net Income 2023: -$25,9342023Revenue 2024: $3,573,242Expenses 2024: $2,628,296Net Income 2024: $944,9462024

Highlighted filing

2024

Revenue$3,573,242
Expenses$2,628,296
Net Income$944,946

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.99$3.57$2.63$0.94
2023Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.74$0.77$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$0.77$0.86$0.09
2021Detailed filing. Detailed filing data is available for this year.$0.16$0.20$0.04$1.56$1.62$0.06
2020Detailed filing. Detailed filing data is available for this year.$0.27$0.36$0.09$0.17$0.20$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.24$0.30$0.06$0.19$0.22$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.30$0.33$0.03$0.17$0.15$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.27$0.32$0.05$0.39$0.30$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.12$0.27$0.14$0.07$0.08$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.13$0.27$0.13$0.07$0.11$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.21$0.31$0.10$0.13$0.16$0.03
2013Summary only. Only limited summary data is available for this year.$0.19$0.26$0.07$0.13$0.13$0.01
2012Summary only. Only limited summary data is available for this year.$0.18$0.28$0.10$0.17$0.12$0.04
2011Summary only. Only limited summary data is available for this year.$0.16$0.30$0.14$0.22$0.24$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$3,573,242
Mission and Program Overview

Mission

George mason research foundation (the foundation) was organized to promote, encourage, and aid scholarly inquiry, research and scientific investigation at george mason university by its faculty, staff, and students. The foundation protects and promotes (cont. On schedule o) the commercialization of george mason university's intellectual property. The foundation determines the patentability and obtains patents developed by george mason university faculty, staff, and students. The foundation attempts to license devices and processes developed by faculty, staff, and students. The foundation also administers gifts and grants in furtherance of the university's research, scholarly inquiry, and scentific investigation.

To promote, encourage, & aid scholarly inquiry, research & scientific investigation at gmu.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$44,014$988,960▲ $944,946
Total Assets$44,014$988,960▲ $944,946
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$44,014$988,960▲ $944,946
Total Net Assets Fund Balance$44,014$988,960▲ $944,946
Total Liabilities and Net Assets / Fund Balance$44,014$988,960▲ $944,946
Compensation and Service Providers

Employees

NameTitleOtherTotal
Corinne HurstSecretary$103,502$103,502
Sheila DavisSecretary$95,458$95,458

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,572,753
Investment Income
$489
Other Revenue
$0
Change in Net Assets
$944,946

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,573,242
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$4,452
Total Revenue per Audited Statements
$3,577,694
Total Revenue per Form 990
$3,573,242
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,601,934
Grants and Similar Amounts Paid$1,026,362
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Royalties$1,518,412--$1,518,412
Grants to Domestic Orgs$1,026,362--$1,026,362
Insurance-$8,327-$8,327
Fees for Services Accounting-$5,500-$5,500
Office Expenses-$2,517-$2,517
Conferences and Meetings$659--$659
Fees for Services Legal$80--$80
Other Expenses$66,366$50-$50
Travel-$23-$23
Total Functional Expenses$2,611,879$16,417$0$2,628,296

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,632,748
Expenses per Audited Statements$2,628,296
Total Expenses per Form 990$2,628,296
Expenses Not Reported on Form 990$4,452
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
George Mason UniversityFairfax, VA501(c)(3)Research Grants$1,026,362
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The 990 is reviewed by management and the audit committee upon its completion. The committee and the treasurer are responsible for briefing the full board on the 990 at the next regularly scheduled meeting. A final version of the 990 is made available to the board. The form is filed and made available for public inspection.

Form 990, Part VI, Section B, Line 12C

George mason research foundation's conflict of interest policy states that each board member annually signs and submits conflict of interest statements.

Form 990, Part VI, Section C, Line 18

The foundation's 1023 and 990 are made available for public inspection upon request from george mason research foundation, inc.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy and audited financial statements can be distributed to the public upon request from george mason research foundation, inc.

Filing and Contact Details

Filer

Filer Name
George Mason Research Foundation Inc
EIN
54-2052127
Phone
7039935328
Address
4400 UNIVERSITY DRIVE MSN 3C1, FAIRFAX, VA 22030-4444

Signing Officer

Name
Teresa Klock-taube
Title
Interim Treasurer
Phone
7039935328
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Claire Wurmfeld
Formed
2001
Legal Domicile
Va
Voting Board Members
12
Independent Board Members
5
Employees
0
Volunteers
8

Preparer

Firm
Hantzmon Wiebel Llp
Address
PO BOX 1408, CHARLOTTESVILLE, VA 22902
Preparer
Travis W Simpson
Phone
4342962156
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The foundation's process for selecting independent auditors and oversight of the financial statement audit has not changed from the prior year. In addition, the foundation's financial statements were audited, and the organization has an audit committee.

Financial Statement Notes

PART X, LINE 2:

The foundation has reviewed and evaluated the relevant technical merits of each of its tax positions in accordance with guidance established by the financial accounting standards board (fasb) and determined that there are no uncertain tax positions that would have a material impact on the financial statements of the foundation.

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IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02001
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01026362
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01026362
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt03573242
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt08327
IRS990/InsuranceGrp/TotalAmt08327
IRS990/InvestmentIncomeGrp/ExclusionAmt0489
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0489
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt027
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0VA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0GEORGE MASON RESEARCH FOUNDATION (THE FOUNDATION) WAS ORGANIZED TO PROMOTE, ENCOURAGE, AND AID SCHOLARLY INQUIRY, RESEARCH AND SCIENTIFIC INVESTIGATION AT GEORGE MASON UNIVERSITY BY ITS FACULTY, STAFF, AND STUDENTS. THE FOUNDATION PROTECTS AND PROMOTES (CONT. ON SCHEDULE O) THE COMMERCIALIZATION OF GEORGE MASON UNIVERSITY'S INTELLECTUAL PROPERTY. THE FOUNDATION DETERMINES THE PATENTABILITY AND OBTAINS PATENTS DEVELOPED BY GEORGE MASON UNIVERSITY FACULTY, STAFF, AND STUDENTS. THE FOUNDATION ATTEMPTS TO LICENSE DEVICES AND PROCESSES DEVELOPED BY FACULTY, STAFF, AND STUDENTS. THE FOUNDATION ALSO ADMINISTERS GIFTS AND GRANTS IN FURTHERANCE OF THE UNIVERSITY'S RESEARCH, SCHOLARLY INQUIRY, AND SCENTIFIC INVESTIGATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt044014
IRS990/NetAssetsOrFundBalancesEOYAmt0988960
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt044014
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0988960
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02517
IRS990/OfficeExpensesGrp/TotalAmt02517
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PATENT PROTECTION COSTS
IRS990/OtherExpensesGrp/Desc1BANK CHARGES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt050
IRS990/OtherExpensesGrp/ProgramServicesAmt066366
IRS990/OtherExpensesGrp/TotalAmt066366
IRS990/OtherExpensesGrp/TotalAmt150
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0CLAIRE WURMFELD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900009
IRS990/ProgramServiceRevenueGrp/BusinessCd1900009
IRS990/ProgramServiceRevenueGrp/BusinessCd2541900
IRS990/ProgramServiceRevenueGrp/BusinessCd3900009
IRS990/ProgramServiceRevenueGrp/BusinessCd4900009
IRS990/ProgramServiceRevenueGrp/Desc0LICENSE AMENDMENT FEE
IRS990/ProgramServiceRevenueGrp/Desc1EQUITY PAYOUT
IRS990/ProgramServiceRevenueGrp/Desc2GRANTS AND CONTRACTS
IRS990/ProgramServiceRevenueGrp/Desc3ROYALTY INCOME
IRS990/ProgramServiceRevenueGrp/Desc4LICENSE REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01320000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11160831
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21026362
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt344660
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt420819
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01320000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11160831
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21026362
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt344660
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt420819
IRS990/ProgSrvcAccomActy2Grp/Desc0THE FOUNDATION RECEIVES, ADMINISTERS, AND DISTRIBUTES CONTRIBUTIONS AND GRANT FUNDS TO SUPPORT THE SCHOLARLY INQUIRY, SCIENTIFIC INVESTIGATION, AND RESEARCH ACTIVITIES OF GEORGE MASON UNIVERSITY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01027021
IRS990/ProgSrvcAccomActy2Grp/GrantAmt01026362
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01026362
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt014500
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0638913
IRS990/PYInvestmentIncomeAmt061
IRS990/PYOtherExpensesAmt0130096
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0728514
IRS990/PYRevenuesLessExpensesAmt0-25934
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0769009
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0743075
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0944946
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02546391
IRS990/RoyaltiesGrp/ProgramServicesAmt01518412
IRS990/RoyaltiesGrp/TotalAmt01518412
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3FuncIntGrp/GovernmentalEntityInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE UNIVERSITY HAS A SIGNIFICANT VOICE IN THE FOUNDATION'S STRATEGIC AND INVESTMENT POLICIES, OPERATIONS, AND OTHER USE OF INCOME OR ASSETS THROUGH THE APPOINTMENT OF SEVERAL BOARD MEMBERS AND OFFICERS, INCLUDING THE PRESIDENT AND TREASURER, AS WELL AS, SUPPLYING ALL EMPLOYEES AND ADMINISTRATIVE SERVICES FOR THE FOUNDATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE PRINCIPAL ACTIVITY OF THE FOUNDATION IS TO SUPPORT THE UNIVERSITY'S MISSION VIA COMMERCIALIZATION OF THE UNIVERSITY'S RESEARCH AND INTELLECTUAL PROPERTY. THIS ACTIVITY INCLUDES SUPPORTING THE UNIVERSITY'S RESEARCH INITIATIVES; PERFORMING DUE-DILIGENCE ON SOLICITED AND DISCLOSED INTELLECTUAL PROPERTY; PREPARING AND FILING PATENT APPLICATIONS, COPYRIGHTS, AND TRADEMARKS; ENGAGING IN BUSINESS DEVELOPMENT; NEGOTIATING AND EXECUTING LICENSE AGREEMENTS; SUPPORTING NEW VENTURE CREATION; MONITORING COMPLIANCE; AND DISTRIBUTING INCOME. IF THESE ACTIVITIES WERE NOT PERFORMED BY THE FOUNDATION, THEY WOULD BE PERFORMED BY THE UNIVERSITY. ALL EXPENSES INCURRED FOR EXECUTING THESE ACTIVITIES ARE FOR THE BENEFIT OF THE UNIVERSITY, AND CONSEQUENTLY, FOR THEIR SUPPORT.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION D, LINE 3:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION E, LINE 1C:
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0541596593
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt02611879
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0GEORGE MASON UNIVERSITY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt02611879
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt04452
IRS990ScheduleD/DonatedServicesUseFcltsAmt04452
IRS990ScheduleD/ExpensesNotReportedAmt04452
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02628296
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt04452
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03573242
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HAS REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF EACH OF ITS TAX POSITIONS IN ACCORDANCE WITH GUIDANCE ESTABLISHED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS OF THE FOUNDATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt02628296
IRS990ScheduleD/TotalRevenuePerForm990Amt03573242
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03577694
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02632748
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt01026362
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0RESEARCH GRANTS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0GEORGE MASON UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientEIN0540836354
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt04400 UNIVERSITY DRIVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0FAIRFAX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd022030
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HAS EXECUTED WRITTEN SUB-RECIPIENT GRANT AGREEMENTS WITH GEORGE MASON UNIVERSITY. ALL SUB-RECIPIENT GRANTEE INVOICES ARE REVIEWED TO ENSURE THEY ARE IN COMPLIANCE WITH THE SUB-AGREEMENT AND AMOUNTS INVOICED ARE WITHIN THE FUNDING LIMITATIONS OF THE SUB-AGREEMENT. THE FOUNDATION REQUIRES SUPPORTING DETAILED COST INFORMATION IF THE SUB-RECIPIENT AGREEMENT TYPE IS COST REIMBURSABLE. FURTHERMORE, THE FOUNDATION TYPICALLY DISTRIBUTES THE GRANT FUNDS WITHIN 30 DAYS OF THE RECEIPT OF THE GRANT FUNDING REQUEST, UNLESS OTHERWISE NOTED IN THE SUB-AGREEMENT. THE FOUNDATION MAINTAINS RECORDS OF THE SUBMITTED GRANT FUNDING REQUESTS AND OTHER SUPPORTING DOCUMENTATION, AS NECESSARY.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt60
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10

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