George Mason Friends Inc
- Assets
- $457.2k
- Revenue
- $88.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Annandale, VA
- Founding
- 02/1996
- Data as of
- 12/2022
- EIN
- 54-1788136
Organization Overview
George Mason Friends Inc is located in Annandale, VA. The organization was established in 1996. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George Mason Friends 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 12/2022, George Mason Friends Inc generated $88.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $130.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, George Mason Friends Inc has awarded 22 individual grants totaling $851,589. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE CULTURAL AND EDUCATIONAL ENVIRONMENT OF THE COMMUNITY SERVED BY THE GEORGE MASON REGIONAL LIBRARY IN FAIRFAX COUNTY, VA BY PROVIDING SUPPORT TO THE GEORGE MASON REGIONAL LIBRARY AND TO THE FAIRFAX COUNTY PUBLIC LIBRARY SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENHANCE THE CULTURAL AND EDUCATIONAL ENVIRONMENT OF THE COMMUNITY SERVED BY THE GEORGE MASON REGIONAL LIBRARY IN ANNANDALE, VIRGINIA, AND THE FAIRFAX COUNTY PUBLIC LIBRARY SYSTEM. SUPPORT INCLUDED A CHILDREN'S SUMMER READING PROGRAM, CONTRIBUTIONS FOR THE FALL FOR THE BOOKS, THE FLF(FAIRFAX LIBRARY FOUNDATION) LIBRARY JUBILEE AND SUPPORTING FUNDS FOR GEORGE MASON REGIONAL LIBRARY, THE THOMAS JEFFERSON LIBRARY AND WOODROW WILSON LIBRARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sonya Livingston Director | Trustee | 6 | $0 |
Catherine Brown Director | Trustee | 6 | $0 |
Deborah Klar Director | Trustee | 4 | $0 |
Sarah Burns Director | Trustee | 6 | $0 |
Elizabeth Clements Director | Trustee | 2 | $0 |
Barbara Coates Director | Trustee | 6 | $0 |
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 | $87,755 |
| Noncash contributions included in lines 1a–1f | $87,532 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,755 |
| Total Program Service Revenue | $400 |
| Investment income | $732 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $88,887 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $109,671 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,295 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,376 |
| All other expenses | $3,083 |
| Total functional expenses | $130,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,436 |
| Savings and temporary cash investments | $323,768 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $100,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $457,204 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $457,204 |
| Net assets with donor restrictions | $0 |
| 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 | $457,204 |
Grants Awarded
Over the last fiscal year, George Mason Friends Inc has awarded $99,063 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FAIRFAX COUNTY PUBLIC LIBRARY | | | $84,063 |
GMU FALL FOR THE BOOK | | | $15,000 |