Civic Intelligence

George Mason Research Foundation Inc.

990 • Fiscal year 2016 • EIN 54-2052127

Jul 01, 2015 to Jun 30, 2016 • Filed on Mar 20, 2017

Organization ProfileGUNSTON.GMU.EDU/GMIP
4400 University Drive Msn 4b2Fairfax, VA 22030-4444

(703) 993-2660

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

97th percentile

2.17x

Higher debt load relative to assets than 97% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

98th percentile

3.82x

Higher debt load relative to revenue than 98% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

20th percentile

-14%

Higher net margin than 20% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

100th percentile

$389,304

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 557.8% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

30th percentile

-8.9%

Faster asset growth than 30% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

40th percentile

-5.3%

Faster revenue growth than 40% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$122,932

Down $12,007 (-8.9%) from 2015

Net Assets

Down

-$144,004

Down $9,581 (-7.1%) from 2015

Liabilities

Down

$266,936

Down $2,426 (-0.9%) from 2015

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin20th percentile

Revenue

Down

$69,794

Down $3,917 (-5.3%) from 2015

Expenses

Down

$79,375

Down $29,298 (-27%) from 2015

Net Income

Up

-$9,581

Up $25,381 (+73%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth30th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2016

Assets$122,932
Liabilities$266,936
Net Assets-$144,004
Open 2016 Filing

Operations Trend

Revenue Growth40th percentile

Revenue, expenses, and net income across loaded years, with this 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

2016

Revenue$69,794
Expenses$79,375
Net Income-$9,581
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Mar 20, 2017
Return Version
2015v3.0
Gross Receipts
$69,794
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.

George mason research foundation, inc. Promotes, encourages, and aids scholarly inquiry, research and scientific investigation at george mason university by its faculty, staff, and students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$131,599$114,686▼ $16,913
Prepaid Expenses and Deferred Charges$2,677$6,195▲ $3,518
Accounts Receivable-$1,388-
Investments Other Securities$663$663→ $0
Total Assets$134,939$122,932▼ $12,007
Liabilities
Other Liabilities$260,025$264,274▲ $4,249
Accounts Payable and Accrued Expenses$9,337$2,662▼ $6,675
Total Liabilities$269,362$266,936▼ $2,426
Net Assets / Fund Balance
Unrestricted Net Assets$-134,423$-144,004▼ $9,581
Total Net Assets Fund Balance$-134,423$-144,004▼ $9,581
Total Liabilities and Net Assets / Fund Balance$134,939$122,932▼ $12,007
Compensation and Service Providers
Top Officer Pay100th percentile

Employees

NameTitleOtherTotal
Carolyn KlennerFormer Secretary$68,627$68,627

Board Members and Trustees

NameTitle
Buddy BeckDirector/chairmen
Deborah CrawfordDirector/president
Claudio Cioffi-revillaFormer Director/president
Ali AndalibiFormer President
Anne GrunerDirector
Clifford a WilkeDirector
Daniel J GonzalezDirector
Emanuel PetricoinDirector
F Edwin FroelichDirector
Frank PettroneDirector
Gina L LoftenDirector
Janet BinghamDirector
Jim DuffeyDirector
Jj Wagner DavisDirector
John BackusDirector
Michael PapayDirector
Robert J SmithDirector
Stuart LevyDirector
Lisa KempTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$69,348
Investment Income
$252
Other Revenue
$194
Change in Net Assets
$-9,581

Audited Revenue Reconciliation

Revenue per Audited Statements
$69,794
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$5,395
Total Revenue per Audited Statements
$75,189
Total Revenue per Form 990
$69,794
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$79,375
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Royalties$29,955--$29,955
Other Expenses$25,239--$25,239
Fees for Services Accounting-$7,250-$7,250
Insurance-$6,077-$6,077
Interest-$4,250-$4,250
Fees for Services Legal-$4,159-$4,159
Information Technology-$1,297-$1,297
Fees for Services Other-$1,020-$1,020
Travel-$128-$128
Total Functional Expenses$55,194$24,181$0$79,375

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$84,770
Expenses per Audited Statements$79,375
Total Expenses per Form 990$79,375
Expenses Not Reported on Form 990$5,395
Expenses Not Reported on Financial Statements$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit - George Mason University Foundation, Inc$200,000
Accrued Interest Payable$64,274
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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 11

“The 990 is reviewed by management and the audit committee upon its completion. The committee and lisa kemp 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
EIN
54-2052127
Phone
7039932660
Address
4400 UNIVERSITY DRIVE MSN 4B2, FAIRFAX, VA 22030-4444

Signing Officer

Name
Lisa Kemp
Title
Treasurer
Phone
7039932660
Signed
2017-03-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Kemp
Formed
2001
Legal Domicile
Va
Voting Board Members
16
Independent Board Members
9
Employees
0
Volunteers
17

Preparer

Firm
HANTZMON WIEBEL LLP CPA'S
Address
818 E JEFFERSON ST PO BOX 1408, CHARLOTTESVILLE, VA 22902
Preparer
W Keith Haney
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.”

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.”

Raw XML AppendixShowing 400 of 621 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11FORMER DIRECTOR/PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12FORMER SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR/PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR/CHAIRMEN
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt19FORMER PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02001
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt069794
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01297
IRS990/InformationTechnologyGrp/TotalAmt01297
IRS990/InsuranceGrp/ManagementAndGeneralAmt06077
IRS990/InsuranceGrp/TotalAmt06077
IRS990/InterestGrp/ManagementAndGeneralAmt04250
IRS990/InterestGrp/TotalAmt04250
IRS990/InvestmentIncomeGrp/ExclusionAmt0252
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0252
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0663
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0663
IRS990/IRPDocumentCnt012
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0VA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0GEORGE MASON RESEARCH FOUNDATION, INC. (GMRF) WAS SPECIFICALLY ESTABLISHED TO HANDLE THE PROTECTION AND COMMERCIALIZATION OF GEORGE MASON UNIVERSITY'S INTELLECTUAL PROPERTY. GMRF DETERMINES THE PATENTABILITY AND OBTAINS PATENTS DEVELOPED BY GEORGE MASON UNIVERSITY FACULTY, STAFF, AND STUDENTS. GMRF ALSO ATTEMPTS TO LICENSE DEVICES AND PROCESSES DEVELOPED BY FACULTY, STAFF, AND STUDENTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-134423
IRS990/NetAssetsOrFundBalancesEOYAmt0-144004
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PATENT PROSECUTION COST
IRS990/OtherExpensesGrp/ProgramServicesAmt025239
IRS990/OtherExpensesGrp/TotalAmt025239
IRS990/OtherLiabilitiesGrp/BOYAmt0260025
IRS990/OtherLiabilitiesGrp/EOYAmt0264274
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0CD & VIDEO PRODUCTION
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0194
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0194
IRS990/OtherRevenueTotalAmt0194
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02677
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06195
IRS990/PrincipalOfficerNm0LISA KEMP
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0LICENSE REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1ADMINISTRATIVE FEES
IRS990/ProgramServiceRevenueGrp/Desc2PATENT EXPENSE REIMBUR
IRS990/ProgramServiceRevenueGrp/Desc3ROYALTY INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt061500
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15500
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21388
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3960
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt061500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21388
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3960
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0806
IRS990/PYOtherExpensesAmt0108673
IRS990/PYOtherRevenueAmt0138
IRS990/PYProgramServiceRevenueAmt072767
IRS990/PYRevenuesLessExpensesAmt0-34962
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0108673
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt073711
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-9581
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt069542
IRS990/RoyaltiesGrp/ProgramServicesAmt029955
IRS990/RoyaltiesGrp/TotalAmt029955
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 PRINCIPAL ACTIVITY OF THE FOUNDATION IS TO SUPPORT THE UNIVERSITY'S MISSION VIA COMMERCIALIZATION OF THE UNVERSITY'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/ExplanationTxt1THE 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/FormAndLineReferenceDesc0PART IV, SECTION E, LINE 1C:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION D, LINE 3:
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0541596593
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt055194
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0GEORGE MASON UNIVERSITY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt055194
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt05395
IRS990ScheduleD/DonatedServicesUseFcltsAmt05395
IRS990ScheduleD/ExpensesNotReportedAmt05395
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt079375
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0200000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt164274
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LINE OF CREDIT - GEORGE MASON UNIVERSITY FOUNDATION, INC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt05395
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt069794
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/TotalExpensesPerForm990Amt079375
IRS990ScheduleD/TotalLiabilityAmt0264274
IRS990ScheduleD/TotalRevenuePerForm990Amt069794
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt075189
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt084770
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$122,932
Liabilities
$266,936
Net assets
-$144,004
Revenue
$69,794
Expenses
$79,375
Net income
-$9,581
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