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Nonprofiteer
← MERCATUS CENTER INC

Form 990 for tax year 2024

Filed by MERCATUS CENTER INC.

Totals

Total revenue
$48,287,301
Total expenses
$40,947,240
Contributions and grants received
$46,672,267
Grants paid
$10,877,082
Program services expenses (Part IX)
$36,957,035
Management and general expenses
$2,046,851
Fundraising expenses
$1,943,354
Program service expenses (Part III)
$36,957,035

Program services were 90.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Tyler Cowen

    Chairman

    Total calculated
    $128,367
    From this org
    $128,367
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Donald Boudreaux

    Director

    Total calculated
    $83,500
    From this org
    $83,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Virgil Henry Storr

    Director (SVP of Research & Programs)

    Total calculated
    $256,870
    From this org
    $256,751
    From related orgs
    $0
    Other
    $119
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $91,250
    Bonus
    $165,501
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $119
    Filer's total
    $256,870

  • Brendan McCord

    Director (from 2/25)

    Total calculated
    $0
    Hours/week
    1

  • Brian Hooks

    Director

    Total calculated
    $0
    Hours/week
    1

  • Edwin Meese

    Director

    Total calculated
    $0
    Hours/week
    1

  • Emily Chamlee-Wright

    Director

    Total calculated
    $0
    Hours/week
    1

  • Katherine Boyle

    Director

    Total calculated
    $0
    Hours/week
    1

  • Manuel Johnson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Richard Fink

    Director

    Total calculated
    $0
    Hours/week
    1

  • Salen Churi

    Director

    Total calculated
    $0
    Hours/week
    1

  • Samuel Bowman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Vernon Smith

    Director

    Total calculated
    $0
    Hours/week
    1

  • Benjamin Klutsey

    Executive Director (from 6/24)

    Total calculated
    $381,957
    From this org
    $354,211
    From related orgs
    $0
    Other
    $27,746
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,211
    Bonus
    $150,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $27,746
    Filer's total
    $381,957

  • Daniel M Rothschild

    Executive Vice President (6/24-10/24)

    Total calculated
    $318,494
    From this org
    $289,617
    From related orgs
    $0
    Other
    $28,877
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,617
    Bonus
    $80,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $28,877
    Filer's total
    $318,494

  • Jennifer Zambone

    Secretary and Chief Operating Officer

    Total calculated
    $285,232
    From this org
    $274,100
    From related orgs
    $0
    Other
    $11,132
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,100
    Bonus
    $65,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $11,132
    Filer's total
    $285,232

  • Gary Leff

    Treasurer and Chief Financial Officer

    Total calculated
    $221,629
    From this org
    $199,674
    From related orgs
    $0
    Other
    $21,955
    Hours/week
    20

    Schedule J breakdown matched by us

    Base
    $153,007
    Bonus
    $46,667
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $21,955
    Filer's total
    $221,629

  • Daniel Butler

    Vice President of Development

    Total calculated
    $369,094
    From this org
    $341,101
    From related orgs
    $0
    Other
    $27,993
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,101
    Bonus
    $132,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $27,993
    Filer's total
    $369,094

  • Veronique De Rugy

    George Gibbs Chair Project Sr Research Fellow

    Total calculated
    $339,754
    From this org
    $318,435
    From related orgs
    $0
    Other
    $21,319
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $228,229
    Bonus
    $90,000
    Other
    $206
    Deferred
    $0
    Nontaxable benefits
    $21,319
    Filer's total
    $339,754

  • Eileen Norcross

    Vice President of Research

    Total calculated
    $311,757
    From this org
    $282,764
    From related orgs
    $0
    Other
    $28,993
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,725
    Bonus
    $70,000
    Other
    $39
    Deferred
    $0
    Nontaxable benefits
    $28,993
    Filer's total
    $311,757

  • Alden Abbott

    Senior Research Fellow

    Total calculated
    $241,631
    From this org
    $240,871
    From related orgs
    $0
    Other
    $760
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,871
    Bonus
    $15,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $760
    Filer's total
    $241,631

  • Brett Doyle

    Managing Director

    Total calculated
    $241,648
    From this org
    $239,887
    From related orgs
    $0
    Other
    $1,761
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,887
    Bonus
    $25,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $1,761
    Filer's total
    $241,648

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 — 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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
27 February 2026
IRS schema version
2024v5.5
Source object
202620639349300707

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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