2024-05-15T10:22:05-05:00 2023-06-30 540618213 HANTZMON WIEBEL LLP PO BOX 1408 CHARLOTTESVILLE VA 22902 990 2022-07-01 542052127 GEORGE MASON RESEARCH FOUNDATION INC GEOR 7039935328 4400 UNIVERSITY DRIVE MSN 3C1 FAIRFAX VA 220304444 CLAIRE WURMFELD TREASURER 7039935328 2024-05-15 1 CLAIRE WURMFELD 999009999 0 TRAVIS W SIMPSON P00481332 4342962156 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CLAIRE WURMFELD 4400 UNIVERSITY DRIVE MSN 3C1 FAIRFAX VA 220304444 743075 0 X N/A X 2001 VA 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 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 SCIENTIFIC INVESTIGATION. 15 8 0 9 0 0 0 14500 766262 728514 103 61 0 0 766365 743075 609359 638913 0 0 0 0 0 0 0 251151 130096 860510 769009 -94145 -25934 69948 44014 0 0 69948 44014 X 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. 0 0 107482 89601 PATENT RESEARCH AND DEVELOPMENT: THE FOUNDATION DETERMINES PATENTABILITY, OBTAINS PATENTS, AND ATTEMPTS TO LICENSE DEVICES AND PROCESSES DEVELOPED BY GEORGE MASON UNIVERSITY FACULTY, STAFF, AND STUDENTS. 646328 638913 638913 THE FOUNDATION RECEIVES, ADMINISTERS, AND DISTRIBUTES CONTRIBUTIONS AND GRANT FUNDS TO SUPPORT THE SCHOLARLY INQUIRY, SCIENTIFIC INVESTIGATION, AND RESEARCH ACTIVITIES OF GEORGE MASON UNIVERSITY. 753810 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 19 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 X CLAIRE WURMFELD 7039935328 4400 UNIVERSITY DRIVE MSN 3C1 FAIRFAX VA 220304444 TRISHANA BOWDEN DIRECTOR 0.10 40.00 X 0 504652 64895 DEB DICKENSON DIRECTOR 0.10 40.00 X 0 332765 43081 CAROL KISSAL DIRECTOR 0.10 40.00 X 0 356480 48027 ANDRE MARSHALL PRESIDENT 0.10 40.00 X X 0 336837 57907 SALEET JAFRI DIRECTOR 0.10 40.00 X 0 189595 49563 CLAIRE WURMFELD TREASURER 2.00 40.00 X X 0 172601 36636 DAVID GROSSMAN VICE PRESIDENT 8.00 40.00 X X 0 166702 33694 SHEILA DAVIS SECRETARY 2.00 40.00 X X 0 62363 18936 DAVID HEYMAN CHAIR 0.10 X X 0 0 0 HORACE BLACKMAN DIRECTOR 0.10 X 0 0 0 NANCY ROSE SENICH DIRECTOR 0.10 X 0 0 0 ANN DROBNIS DIRECTOR 0.10 X 0 0 0 DEBORAH DUNIE DIRECTOR 0.10 X 0 0 0 ROSS DUNLAP DIRECTOR 0.10 X 0 0 0 JOHN FRASER DIRECTOR 0.10 X 0 0 0 LISA DONNAN DIRECTOR 0.10 X 0 0 0 ANTHONY SOCCI DIRECTOR 0.10 X 0 0 0 0 2121995 352739 0 0 1 0 0 14500 14500 GRANTS AND CONTRACTS 541900 638913 638913 LICENSE REVENUE 900003 62340 62340 ROYALTY INCOME 900003 27211 27211 CD AND VIDEO PRODUCTIO 900003 50 50 728514 61 61 743075 728514 0 61 638913 638913 332 332 4500 4500 2116 2116 50401 50401 7415 7415 8521 8521 PATENT PROTECTION COSTS 56749 56749 BANK CHARGES 62 62 769009 753810 15199 0 69948 44014 69948 44014 0 0 X 69948 44014 69948 44014 69948 44014 -25934 0 X X 0 1 X 1 0 X X 1 GEORGE MASON UNIVERSITY 541596593 6 1 753810 0 1 753810 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X PART IV, SECTION D, LINE 3: THE 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. PART IV, SECTION E, LINE 1C: THE PRINCIPAL ACTIVITY OF THE FOUNDATION IS TO SUPPORT THE UNIVERSITY'S MISSION VIA COMMERCIALIZATION OF THE UNIVERSITY'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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 750052 6977 6977 743075 0 743075 775986 6977 6977 769009 0 769009 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. 1 GEORGE MASON UNIVERSITY 4400 UNIVERSITY DRIVE FAIRFAX VA 22030 540836354 501(C)(3) 638913 0 RESEARCH GRANTS PART I, LINE 2: THE FOUNDATION HAS EXECUTED WRITTEN SUB-RECIPIENT GRANT AGREEMENTS WITH GEORGE MASON UNIVERSITY. ALL SUB-RECIPIENT GRANTEE INVOICES ARE REVIEWED TO ENSURE THEY ARE IN COMPLIANCE WITH THE SUB-AGREEMENT AND AMOUNTS INVOICED ARE WITHIN THE FUNDING LIMITATIONS OF THE SUB-AGREEMENT. THE FOUNDATION REQUIRES SUPPORTING DETAILED COST INFORMATION IF THE SUB-RECIPIENT AGREEMENT TYPE IS COST REIMBURSABLE. FURTHERMORE, THE FOUNDATION TYPICALLY DISTRIBUTES THE GRANT FUNDS WITHIN 30 DAYS OF THE RECEIPT OF THE GRANT FUNDING REQUEST, UNLESS OTHERWISE NOTED IN THE SUB-AGREEMENT. THE FOUNDATION MAINTAINS RECORDS OF THE SUBMITTED GRANT FUNDING REQUESTS AND OTHER SUPPORTING DOCUMENTATION, AS NECESSARY. 0 0 0 0 0 0 0 0 0 TRISHANA BOWDEN DIRECTOR 0 435905 0 66000 0 2747 0 35455 0 29440 0 569547 0 0 DEB DICKENSON DIRECTOR 0 328504 0 1000 0 3261 0 28872 0 14209 0 375846 0 0 CAROL KISSAL DIRECTOR 0 321607 0 25500 0 9373 0 28412 0 19615 0 404507 0 0 ANDRE MARSHALL PRESIDENT 0 309127 0 26000 0 1710 0 27434 0 30473 0 394744 0 0 SALEET JAFRI DIRECTOR 0 176547 0 1000 0 12048 0 19616 0 29947 0 239158 0 0 CLAIRE WURMFELD TREASURER 0 166600 0 1000 0 5001 0 15157 0 21479 0 209237 0 0 DAVID GROSSMAN VICE PRESIDENT 0 162411 0 1000 0 3291 0 24098 0 9596 0 200396 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY MANAGEMENT AND THE AUDIT COMMITTEE UPON ITS COMPLETION. THE COMMITTEE AND THE TREASURER 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. 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. IN ADDITION, THE FOUNDATION'S FINANCIAL STATEMENTS WERE AUDITED, AND THE ORGANIZATION HAS AN AUDIT COMMITTEE. GEORGE MASON UNIVERSITY 4400 UNIVERSITY DRIVE FAIRFAX VA 22030 541596593 PROMOTE & AID INVENTIONS AND PATENTS AT GMU. VA SECTION 170 (B)(1)(A 6 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0