INSTITUTE FOR DEFENSE AND BUSINESS

EIN: 562068603 501(c)(3) Public & Societal Benefit

CHAPEL HILL, NC

Total Revenue
$5,273,535
Total Expenses
$5,161,048
Total Assets
$2,566,557
Net Assets
$1,770,057
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
NC
Principal Officer
WILLIAM MARK FAULKNER
Phone
9199698008
Tax Period
2023-01-01 to 2023-12-31

INSTITUTE FOR DEFENSE AND BUSINESS, founded in 1997, is a community nonprofit in the Public & Societal Benefit sector that reported $5.3M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

IN ORDER TO FURTHER ITS EXEMPT PURPOSES, THE INSTITUTE FOR DEFENSE AND BUSINESS (IDB) FOSTERS SHOULDER-TO-SHOULDER EXCHANGES IN AN ACADEMIC SETTING AMONG THE U.S. DEPARTMENT OF DEFENSE (DOD), OTHER GOVERNMENT ORGANIZATIONS, AND THE PRIVATE SECTOR, (CONTINUED ON SCHEDULE O)DELIVERING EDUCATION AND RESEARCH PROGRAMS THAT PRESENT STIMULATING IDEAS TO FOSTER COLLABORATION AND ACHIEVE EXCELLENCE AND INNOVATION.

Program Service Accomplishments

Program 1
Expenses: $952,357 Revenue: $1,415,465

STRATEGIC BROADENING SEMINARSIDB'S STRATEGIC BROADENING SEMINARS, CREATED ORIGINALLY AT THE REQUEST OF THE U.S. ARMY, ARE A COLLECTION OF EDUCATIONAL PROGRAMS DESIGNED TO EXPOSE COMPANY-GRADE...

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STRATEGIC BROADENING SEMINARSIDB'S STRATEGIC BROADENING SEMINARS, CREATED ORIGINALLY AT THE REQUEST OF THE U.S. ARMY, ARE A COLLECTION OF EDUCATIONAL PROGRAMS DESIGNED TO EXPOSE COMPANY-GRADE OFFICERS, WARRANT OFFICERS, AND SENIOR NON-COMMISSIONED OFFICERS TO STRATEGIC AREAS OF STUDY TO EXPAND THEIR PERSPECTIVE WHILE HONING THEIR LEADERSHIP SKILLS. THESE PROGRAMS PUSH PARTICIPANTS TO THINK DIFFERENTLY, GAIN EXPOSURE TO NON-U.S. MILITARY PERSPECTIVES, AND BE PREPARED TO OPERATE IN AN UNCERTAIN FUTURE. INDUSTRY BASED BROADENING (IB2) STRATEGIC BROADENING SEMINARS ARE TRAINING WITH INDUSTRY PROGRAMS IN THE SBS PORTFOLIO OFFERED BY IDB. THESE PROGRAMS HELP TRANSFER BUSINESS EXAMPLES INTO THE MILITARY THROUGH NUMEROUS TARGETED VISITS WITH INDUSTRY SUPPLEMENTED BY ACADEMIC SESSIONS AND GROUP WORK. THE INDUSTRY BASED BROADENING-LOGISTICS (IB2LOG) PROGRAM RAN TWICE IN 2023 WITH 36 TOTAL PARTICIPANTS. INDUSTRY BASED BROADENING-INFORMATION ENVIRONMENT (IB2IE) WAS OFFERED ONCE TO 15 PARTICIPANTS.THE IDB DENSE URBAN STUDIES STRATEGIC BROADENING SEMINAR IS AN INTENSIVE EDUCATIONAL AND EXPERIENTIAL LEARNING OPPORTUNITY FOR U.S. ARMY STUDENTS TO EXPLORE AND UNDERSTAND THE CRITICAL INFRASTRUCTURE AND URBAN GEOGRAPHY OF CITIES, THE TECHNOLOGICAL AND PHYSICAL CONNECTEDNESS OF CITY NETWORKS, AND THE CULTURE AND BEHAVIOR OF PEOPLE AND THEIR ENVIRONMENT IN DENSE URBAN AREAS. IN 2023, THE PROGRAM WAS DELIVERED TWICE WITH SPRING AND FALL COHORTS TOTALING 58 PARTICIPANTS. EACH DENSE URBAN STUDIES PROGRAM COHORT EXPLORED NEW YORK CITY FOR TWO WEEKS AND WAS BASED IN FORT HAMILTON, NEW YORK.

Program 2
Expenses: $931,164 Revenue: $1,539,613

CENTER OF EXCELLENCE IN LOGISTICS AND TECHNOLOGY (LOGTECH) EXECUTIVE EDUCATIONLOGTECH WAS INITIATED IN 2000 AND IS THE FLAGSHIP PROGRAM OF THE IDB. LOGTECH ACTIVITIES INCLUDE TWO COMPLEMENTARY...

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CENTER OF EXCELLENCE IN LOGISTICS AND TECHNOLOGY (LOGTECH) EXECUTIVE EDUCATIONLOGTECH WAS INITIATED IN 2000 AND IS THE FLAGSHIP PROGRAM OF THE IDB. LOGTECH ACTIVITIES INCLUDE TWO COMPLEMENTARY WEEK-LONG EXECUTIVE EDUCATION PROGRAMS. THE TWO LOGTECH EXECUTIVE EDUCATION PROGRAMS ARE CLEARLY DISTINCT IN THEIR CURRICULUM, LEVELS OF INSTRUCTION, DISCUSSION, AND APPLICATION. EXPERIENCED LOGISTICS LEADERS WHO SET STRATEGIC DIRECTION AND VISION FOR THEIR ORGANIZATIONS AND MUST DEAL WITH COMPLEX LOGISTICS AND ORGANIZATIONAL TRANSFORMATION ARE IDEALLY SUITED FOR THE EXECUTIVE-LEVEL PROGRAM. LOGISTICIANS WITH RECOGNIZED POTENTIAL FOR GREATER RESPONSIBILITIES AND WHO ARE CHARGED WITH IMPLEMENTING EXECUTIVE DIRECTION WILL BENEFIT SIGNIFICANTLY FROM THE ADVANCED-LEVEL COURSE. THE IDB LOGTECH PROGRAM PERIODICALLY REVIEWS AND ADJUSTS THE CURRICULA TO INCORPORATE THE CONSIDERATIONS OF THE NATIONAL DEFENSE STRATEGY, THE INDIVIDUAL SERVICE STRATEGIES, CURRENT INDUSTRY BEST PRACTICES, AND BREAKTHROUGH TECHNOLOGIES TO CONTINUOUSLY PROVIDE RELEVANCE AND ALIGNMENT. THERE WERE EIGHT LOGTECH EXECUTIVE EDUCATION PROGRAMS IN 2023: SIX OFFERINGS OF THE ADVANCED PROGRAM IN LOGISTICS AND TECHNOLOGY AND TWO PROGRAM FOR EXECUTIVES IN LOGISTICS AND TECHNOLOGY OFFERINGS FOR A TOTAL OF 220 PARTICIPANTS.

Program 3
Expenses: $496,040 Revenue: $775,639

AVIATION INDUSTRIAL READINESS PROGRAM (AIR-P) INSPIRED BY THE SUCCESS OF ITS DEPOT AND ARSENAL EXECUTIVE LEADERSHIP PROGRAM (DAELP), AND IN RESPONSE TO NEEDS IDENTIFIED BY THE U.S. NAVY, IDB...

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AVIATION INDUSTRIAL READINESS PROGRAM (AIR-P) INSPIRED BY THE SUCCESS OF ITS DEPOT AND ARSENAL EXECUTIVE LEADERSHIP PROGRAM (DAELP), AND IN RESPONSE TO NEEDS IDENTIFIED BY THE U.S. NAVY, IDB DEVELOPED THE AVIATION INDUSTRIAL READINESS PROGRAM (AIR-P) AND IT LAUNCHED IN 2018. THIS PROGRAM WAS DEVELOPED IN PARTNERSHIP WITH THE U.S. NAVY FLEET READINESS CENTER EAST AND FACULTY FROM NORTH CAROLINA STATE UNIVERSITY. THE CURRICULUM PROVIDES LEADERS FROM AVIATION-FOCUSED DEFENSE ORGANIC INDUSTRIAL BASE FACILITIES WITH LEADERSHIP DEVELOPMENT AND BUSINESS ACUMEN TOOLS THROUGH ACADEMIC, BENCHMARKING, AND CORPORATE RESIDENCIES.AIR-P COHORT 4, WHICH BEGAN WITH ACADEMICS IN OCTOBER 2022, COMPLETED CORPORATE RESIDENCIES THROUGH THE SPRING 2023, AND A FINAL ACADEMIC RESIDENCY AND GRADUATION IN JUNE 2023. IN OCTOBER 2023, AIR-P COHORT 5 WAS FIELDED WITH 36 PARTICIPANTS FROM THE U.S. NAVY, AIR FORCE, AND ARMY. ACADEMIC AND BENCHMARKING RESIDENCIES WERE ACCOMPLISHED THROUGH THE END OF 2023. CORPORATE RESIDENCIES WILL TAKE PLACE IN THE WINTER AND SPRING OF 2024 AND THE COHORT WILL HAVE ITS FINAL ACADEMIC RESIDENCY AND GRADUATION IN JUNE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,500
Program Service Revenue $5,260,219
Investment Income $11,816
Other Revenue $0
TOTAL REVENUE $5,273,535

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,063,012
Fundraising Expenses $0
Program Expenses $3,543,063
Other Expenses $3,098,036
TOTAL EXPENSES $5,161,048

Year-over-Year Comparison

2023 2022 Change
Revenue $5,273,535 $4,819,613 +0.1%
Expenses $5,161,048 $4,714,078 +0.1%
Net Income $112,487 $105,535 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
9
Employees
27
Volunteers
9

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
9
$854,944
Total Directors
10
$313,066
Key Employees
1
$160,914
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUDITH A FEDDER VICE CHAIRWOMAN AND DIRECT 1.00
Officer Director
$0 $0 $0
ROGER L PERRY JR TREASURER AND DIRECTOR 1.00
Officer Director
$0 $0 $0
THOMAS W BRADSHAW JR CHAIRMAN AND DIRECTOR 1.50
Officer Director
$0 $0 $0
W MARK FAULKNER PRESIDENT AND DIRECTOR 40.00
Officer Director
$303,116 $9,950 $313,066
KEVIN SAMPELS DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL W KUHN DIRECTOR 0.50
Director
$0 $0 $0
RAYMOND V MASON DIRECTOR 0.50
Director
$0 $0 $0
ROBERT E LOVE DIRECTOR 0.50
Director
$0 $0 $0
WALTER E GASKIN DIRECTOR 0.50
Director
$0 $0 $0
WILLIAM B FIELDS II DIRECTOR 0.50
Director
$0 $0 $0
ANDREA L CARPENTER TERM 123123 VICE PRESIDENT, FINANCE AND ADMINISTRATION AND ASS 40.00
Officer
$127,284 $4,679 $131,963
ARTHUR T STURGEON JR VICE PRESIDENT OF PROGRAM AND CURRICULUM, SENIOR P 40.00
Officer
$173,115 $6,502 $179,617
LISA C RASH VICE PRESIDENT, FINANCE AND ADMINISTRATION AND ASS 40.00
Officer
$22,912 $616 $23,528
MICHAEL BOGDAHN VICE PRESIDENT, STRATEGY AND DEVELOPMENT 40.00
Officer
$176,347 $6,139 $182,486
VAN W NOAH TERM DATE 1423 PROGRAM DIRECTOR AND ASSISTANT TREASURER 40.00
Officer
$22,991 $1,293 $24,284
MARK SUSNIS PROGRAM DIRECTOR 40.00
Key Emp
$154,950 $5,964 $160,914
RONALD W MANN JR OPERATIONS MANAGER 40.00
Highest
$106,182 $10,335 $116,517
SCOTT B WHITAKER ACCOUNTING MANAGER 40.00
Highest
$100,319 $10,126 $110,445
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $5,273,535 $5,161,048 $2,566,557 $112,487
2022 $4,819,613 $4,714,078 $2,255,771 $105,535
2021 $3,469,102 $3,480,048 $2,030,544 $-10,946
2020 $3,354,199 $3,337,301 $2,347,678 $16,898
2019 $4,990,340 $4,707,663 $2,287,068 $282,677
2018 $4,083,442 $4,155,154 $1,629,426 $-71,712
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