Mercatus Center Inc
- Assets
- $43.1m
- Revenue
- $47.4m
- Investments
- $0.0
- Employees
- 219
- Location
- Arlington, VA
- Founding
- 03/1988
- Data as of
- 08/2023
- EIN
- 54-1436224
Organization Overview
Mercatus Center Inc is located in Arlington, VA. The organization was established in 1988. According to its NTEE Classification (V22) the organization is classified as: Economics, under the broad grouping of Social Science and related organizations. As of 08/2023, Mercatus Center Inc employed 219 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mercatus Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2023, Mercatus Center Inc generated $47.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $49.3m during the year ending 08/2023. While expenses have increased by 8.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mercatus Center Inc has awarded 252 individual grants totaling $54,609,318. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BRIDGE THE GAP BETWEEN ACADEMIC RESEARCH AND PUBLIC POLICY PROBLEMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
APPLIED RESEARCH- CONDUCT ECONOMIC RESEARCH OF CONSEQUENCE THAT MAKES SENSE OF PUBLIC POLICY PROBLEMS AND PUTS FORWARD SOLUTIONS THAT MAXIMIZE INDIVIDUAL FREEDOM AND PROSPERITY.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tyler Cowen Chairman | OfficerTrustee | 1 | $225,000 |
Richard Fink Director | Trustee | 1 | $0 |
Vernon Smith Director | Trustee | 1 | $0 |
Brian Hooks Director | Trustee | 1 | $0 |
Emily Chamlee-Wright Director | Trustee | 1 | $0 |
Edwin Meese Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bluespark Llc Consulting Services | 8/30/23 | $342,460 |
Salesforcecom Cloud-based Online Software Services | 8/30/23 | $193,133 |
Marriott International Event Venue/ Services | 8/30/23 | $153,165 |
Avuniversal Llc Audio Visual Equipment Services | 8/30/23 | $165,690 |
Christopher J Coyne Academic Lectures And Research Discussio | 8/30/23 | $128,350 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,540,249 |
| Noncash contributions included in lines 1a–1f | $181,209 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,540,249 |
| Total Program Service Revenue | $312,700 |
| Investment income | $1,263,863 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $309,413 |
| Net Gain/Loss on Asset Sales | -$33,655 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $47,446,892 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,757,210 |
| Grants and other assistance to domestic individuals. | $1,478,244 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,182,273 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,490,288 |
| Compensation of current officers, directors, key employees. | $596,115 |
| Compensation to disqualified persons | $30,658 |
| Other salaries and wages | $17,290,387 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,266,137 |
| Payroll taxes | $1,273,656 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $63,890 |
| Fees for services: Accounting | $20,804 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $80,000 |
| Fees for services: Investment Management | $11,021 |
| Fees for services: Other | $6,113,063 |
| Advertising and promotion | $235,694 |
| Office expenses | $1,347,537 |
| Information technology | $1,108,744 |
| Royalties | $0 |
| Occupancy | $1,534,884 |
| Travel | $3,457,142 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,083,893 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $295,423 |
| Insurance | $69,235 |
| All other expenses | $0 |
| Total functional expenses | $49,250,629 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,621,093 |
| Savings and temporary cash investments | $27,763,585 |
| Pledges and grants receivable | $406,250 |
| Accounts receivable, net | $235,458 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $885,417 |
| Net Land, buildings, and equipment | $501,355 |
| Investments—publicly traded securities | $1,705,646 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $43,118,804 |
| Accounts payable and accrued expenses | $2,188,407 |
| Grants payable | $3,046,903 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $288,508 |
| Total liabilities | $5,523,818 |
| Net assets without donor restrictions | $21,777,415 |
| Net assets with donor restrictions | $15,817,571 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $43,118,804 |
Grants Awarded
Over the last fiscal year, Mercatus Center Inc has awarded $6,740,741 in support to 68 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGE MASON UNIVERSITY PURPOSE: Student development/education grant | $764,235 |
ESSENTIAL IMPACT INC PURPOSE: Research Grants | $1,000,000 |
KYIV SCHOOL OF ECONOMICS PURPOSE: Research and Education Grants | $1,000,000 |
UKRAINE DEFENSE FUND INC PURPOSE: Research Grants | $500,000 |
CARIBBEAN PROGRESS STUDIES INSTITUTE INC PURPOSE: Research Grants | $343,000 |
CORNELL UNIVERSITY PURPOSE: Research and Education Grants | $332,113 |