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Nonprofiteer
← THE GEORGE MASON UNIVERSITY INSTRUCTIONAL FOUNDATION INC

Form 990 for tax year 2023

Filed by THE GEORGE MASON UNIVERSITY INSTRUCTIONAL FOUNDATION INC.

Totals

Total revenue
$1,860,575
Total expenses
$889,856
Contributions and grants received
$209,572
Grants paid
$289,475
Program service revenue
$892,450
Investment income
$714,255
Other revenue
$44,298
Total assets, end of year
$17,451,495
Total liabilities, end of year
$1,074,565
Net assets or fund balances, end of year
$16,376,930
Program services expenses (Part IX)
$721,296
Management and general expenses
$168,560
Fundraising expenses
$0
Program service expenses (Part III)
$721,296

Program services were 81.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $209,572

  • 2a · Program service revenue: PROGRAM FEES

    total $831,790 · related or exempt $831,790

  • 2b · Program service revenue: ADMINISTRATIVE FEE

    total $60,660 · related or exempt $60,660

  • 3 · Investment income

    total $714,255 · excluded $714,255

  • 6a · Gross rents

    real property $35,750

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $35,750

  • 6d · Net rental income or loss

    total $35,750 · excluded $35,750

  • 11a · Other revenue: MAINTENANCE & OTHER

    total $7,800 · related or exempt $7,800

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $748 · related or exempt $748

  • 11e · Other revenue, total

    $8,548

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $289,475 · program services $289,475

  • 11g · Fees: other

    total $495 · program services $495

  • 13 · Office expenses

    total $50,561 · management and general $50,561

  • 16 · Occupancy

    total $24,000 · management and general $24,000

  • 17 · Travel

    total $3,895 · management and general $3,895

  • 20 · Interest

    total $13,262 · management and general $13,262

  • 22 · Depreciation, depletion and amortization

    total $35,729 · program services $1,873 · management and general $33,856

  • 23 · Insurance

    total $17,489 · management and general $17,489

  • 24a · Other expenses: ADMINISTRATIVE SUPPORT

    total $429,371 · program services $429,371

  • 24b · Other expenses: MISCELLANEOUS

    total $20,970 · management and general $20,970

  • 24c · Other expenses: UTILITIES

    total $4,527 · management and general $4,527

  • 24d · Other expenses: WEBCAST PRODUCTION - NT

    total $82 · program services $82

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $264,630 · end of year $348,616

  • 2 · Savings and temporary cash investments

    beginning of year $3,847,856 · end of year $1,247,929

  • 4 · Accounts receivable

    beginning of year $101,299 · end of year $50,594

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,987 · end of year $15,288

  • 10a · Land, buildings and equipment: cost or other basis

    $7,444,742

  • 10b · Land, buildings and equipment: accumulated depreciation

    $502,633

  • 10c · Land, buildings and equipment, net

    beginning of year $6,976,199 · end of year $6,942,109

  • 11 · Investments: publicly traded securities

    beginning of year $2,451,293 · end of year $6,006,195

  • 13 · Investments: program-related

    beginning of year $166,949 · end of year $176,279

  • 15 · Other assets

    beginning of year $2,439,942 · end of year $2,664,485

  • 17 · Accounts payable and accrued expenses

    beginning of year $143,279 · end of year $97,428

  • 19 · Deferred revenue

    beginning of year $69,136 · end of year $69,136

  • 23 · Secured mortgages and notes payable

    beginning of year $397,478 · end of year $201,565

  • 25 · Other liabilities

    beginning of year $514,929 · end of year $706,436

  • 27 · Net assets without donor restrictions

    beginning of year $13,948,413 · end of year $15,114,913

  • 28 · Net assets with donor restrictions

    beginning of year $1,191,920 · end of year $1,262,017

Mission and programs · 2023

Mission

THE GEORGE MASON UNIVERSITY INSTRUCTIONAL FOUNDATION, INC. OPERATES UNDER LICENSES TO TRANSMIT BROADBAND SERVICE TO THE GREATER WASHINGTON, D.C. METROPOLITAN AREA.

Activities or mission (Part I)

THE GEORGE MASON UNIVERSITY INSTRUCTIONAL FOUNDATION, INC. OPERATES UNDER LICENSES TO TRANSMIT EDUCATIONAL AND PUBLIC AFFAIRS PROGRAMMING TO THE GREATER WASHINGTON, DC METROPOLITAN AREA.

  • TELECOMMUNICATIONS AND OTHER PROJECTS - IN-KIND SUPPORT OF GEORGE MASON UNIVERSITY TELEVISION AND OTHER DEPARTMENTS. TECHNICAL, OPERATIONAL, AND ADMINISTRATIVE SUPPORT RELATED TO UNIVERSITY FUNCTIONS; AND BROADCAST OF CLASSES, EVENTS, AND EDUCATIONAL PROGRAMMING TO UNIVERSITY CAMPUSES AND LOCAL CABLE TELEVISION NETWORKS. CONTRIBUTED TO GEORGE MASON UNIVERSITY WITH AN ESTIMATED FAIR MARKET VALUE OF APPROXIMATELY $96,935, WHICH IS NOT INCLUDED IN THIS RETURN.

    Expenses $721,296 · Grants $289,475 · Revenue $900,998

As filed on the 2023 return.

Listed in Part VII

  • Joy R Hughes

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Otis D Coston Jr

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Diane Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • John M Mansell Jr

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Julia Morelli

    PRESIDENT

    Total calculated
    $209,804
    From this org
    $0
    From related orgs
    $180,275
    Other
    $29,529
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $180,275 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $26,502 related
    Nontaxable benefits
    $0 + $3,027 related
    Filer's total
    $0 + $209,804 related

  • Dr Gregory Washington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Shirley Al-Jarani

    DIR OF WEB OPS & IT

    Total calculated
    $167,937
    From this org
    $0
    From related orgs
    $122,575
    Other
    $45,362
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $122,575 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $20,085 related
    Nontaxable benefits
    $0 + $25,277 related
    Filer's total
    $0 + $167,937 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART VIII LINE 5
THE FOUNDATION EMPLOYEES ARE ACTUALLY EMPLOYED BY GEORGE MASON UNIVERSITY AND ARE SUBJECT TO THE HUMAN RESOURCE RULES AND REGULATIONS AND THE PAY SCALE ESTABLISHED BY THE COMMONWEALTH OF VIRGINIA FOR GEORGE MASON UNIVERSITY. ALL COMPENSATION, INCLUDING NONTAXABLE BENEFITS, WITH THE EXCEPTION OF A PERFORMANCE BONUS PAID TO SHIRLEY AL-JARANI, IS PAID BY GEORGE MASON UNIVERSITY AND REIMBURSED BY THE FOUNDATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • GEORGE MASON UNIVERSITY

    $0

    PART OF FOUNDATION'S OVERALL PURPOSE SERVING THE UNIVERSITY

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • MASON GLOBAL PATHWAYS LLC

    ASSIST IN CREATION AND OPERATION OF INTERNATIONAL STUDENT CENTER AT GMU · VA · income -$640 · assets $6,380

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • F CORPORATION

    C · TELECOM · VA · 100% owned · share of income $626,547 · share of assets $2,743,452

    Directly controlled by GEORGE MASON UNIVERSITY INSTRUCTIONAL FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
28 August 2024
IRS schema version
2023v5.1
Source object
202422489349301837

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