Nonprofit · EIN 56-2068603
INSTITUTE FOR DEFENSE AND BUSINESS
Tax-exempt · CHAPEL HILL, NC 27517
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,088,649 | $5,406,862 | $681,787 | $3,316,641 | $857,646 | $2,458,995 |
| December 31, 2023 | 990 | $5,273,535 | $5,161,048 | $112,487 | $2,566,557 | $796,500 | $1,770,057 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $500
- Program service revenue
- $5,988,953
- Investment income
- $99,196
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $971,963
- Other salaries and wages
- $876,994
- Salaries, compensation and benefits (total)
- $2,334,317
- Professional fundraising fees
- $0
- Occupancy
- $85,102
- Depreciation
- $9,869
- Program services (functional)
- $3,900,155
- Management and general (functional)
- $1,506,707
Balance sheet and other
- Total assets, start of year
- $2,566,557
- Total assets, end of year
- $3,316,641
- Total liabilities, end of year
- $857,646
- Net assets, end of year
- $2,458,995
- Land, buildings and equipment
- $25,634
- Publicly traded securities
- $81,024
- Net assets without donor restrictions
- $2,458,995
- Gross receipts
- $6,088,649
- Employees
- 22
- Volunteers
- 10
- Year formed
- 1997
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| W MARK FAULKNER | PRESIDENT Trustee or director, Officer | 40 | $283,262 | $9,373 |
| MICHAEL BOGDAHN | VICE PRESIDENT, STRATEGY AND DEVELOPMENT Officer | 40 | $191,431 | $6,607 |
| ARTHUR T STURGEON JR | VICE PRESIDENT OF PROGRAM AND CURRICULUM, SENIOR P Officer | 40 | $188,211 | $6,952 |
| LISA C RASH | VICE PRESIDENT, FINANCE AND ADMINISTRATION AND ASS Officer | 40 | $166,543 | $11,812 |
| MARK SUSNIS | PROGRAM DIRECTOR Highest-paid employee | 40 | $165,147 | $6,266 |
| SUSAN MERCHANT | PROGRAM DIRECTOR Highest-paid employee | 40 | $161,427 | $5,722 |
| CLARK STREETS | PROGRAM DIRECTOR Highest-paid employee | 40 | $130,766 | $11,057 |
| SCOTT B WHITAKER | ACCOUNTING MANAGER Highest-paid employee | 40 | $110,892 | $10,443 |
| THOMAS W BRADSHAW JR | CHAIRMAN Trustee or director, Officer | 1.5 | $0 | $0 |
| JUDITH A FEDDER | VICE CHAIRWOMAN Trustee or director, Officer | 1 | $0 | $0 |
| ROGER L PERRY JR | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MARK CRAMER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| WILLIAM B FIELDS II | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| WALTER E GASKIN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MICHAEL W KUHN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT E LOVE | DIRECTOR Trustee or director | 0.5 | $0 |
| RAYMOND V MASON | DIRECTOR Trustee or director | 0.5 | $0 |
| KEVIN SAMPELS | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| W MARK FAULKNER | PRESIDENT AND DIRECTOR Trustee or director, Officer | 40 | $303,116 | $9,950 |
| MICHAEL BOGDAHN | VICE PRESIDENT, STRATEGY AND DEVELOPMENT Officer | 40 | $176,347 | $6,139 |
| ARTHUR T STURGEON JR | VICE PRESIDENT OF PROGRAM AND CURRICULUM, SENIOR P Officer | 40 | $173,115 | $6,502 |
| MARK SUSNIS | PROGRAM DIRECTOR Key employee | 40 | $154,950 | $5,964 |
| ANDREA L CARPENTER TERM 123123 | VICE PRESIDENT, FINANCE AND ADMINISTRATION AND ASS Officer | 40 | $127,284 | $4,679 |
| RONALD W MANN JR | OPERATIONS MANAGER Highest-paid employee | 40 | $106,182 | $10,335 |
| SCOTT B WHITAKER | ACCOUNTING MANAGER Highest-paid employee | 40 | $100,319 | $10,126 |
| VAN W NOAH TERM DATE 1423 | PROGRAM DIRECTOR AND ASSISTANT TREASURER Officer | 40 | $22,991 | $1,293 |
| LISA C RASH | VICE PRESIDENT, FINANCE AND ADMINISTRATION AND ASS Officer | 40 | $22,912 | $616 |
| JUDITH A FEDDER | VICE CHAIRWOMAN AND DIRECT Trustee or director, Officer | 1 | $0 | $0 |
| ROGER L PERRY JR | TREASURER AND DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| THOMAS W BRADSHAW JR | CHAIRMAN AND DIRECTOR Trustee or director, Officer | 1.5 | $0 | $0 |
| KEVIN SAMPELS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MICHAEL W KUHN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| RAYMOND V MASON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ROBERT E LOVE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| WALTER E GASKIN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| WILLIAM B FIELDS II | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1445 ENVIRON WAY, CHAPEL HILL, NC 27517-4434
- In care of
- % UNIVERSITY OF NORTH CAROLINA
- Principal officer (990 for 2024)
- WILLIAM MARK FAULKNER, 1445 ENVIRON WAY, CHAPEL HILL, NC 27517
- Signed the 990
- WILLIAM MARK FAULKNER, PRESIDENT
- Phone
- (919) 969-8008
- Website
- WWW.IDB.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
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 accomplishments
- CENTER OF EXCELLENCE IN LOGISTICS AND TECHNOLOGY (LOGTECH) EXECUTIVE EDUCATIONLOGTECH, LAUNCHED IN 2000 AS THE FLAGSHIP PROGRAM OF THE INSTITUTE FOR DEFENSE AND BUSINESS (IDB), OFFERS TWO COMPLEMENTARY WEEK-LONG EXECUTIVE EDUCATION COURSES TAILORED TO DIFFERENT LEADERSHIP LEVELS. THE EXECUTIVE-LEVEL PROGRAM IS DESIGNED FOR EXPERIENCED LOGISTICS LEADERS RESPONSIBLE FOR SETTING STRATEGIC VISION AND MANAGING ORGANIZATIONAL TRANSFORMATION, WHILE THE ADVANCED-LEVEL COURSE SERVES RISING LOGISTICIANS PREPARING FOR GREATER RESPONSIBILITIES AND IMPLEMENTING EXECUTIVE DIRECTION. BOTH PROGRAMS MAINTAIN RELEVANCE BY REGULARLY UPDATING CURRICULA TO REFLECT THE NATIONAL DEFENSE STRATEGY, SERVICE STRATEGIES, INDUSTRY BEST PRACTICES, AND EMERGING TECHNOLOGIES.THERE WERE EIGHT LOGTECH EXECUTIVE EDUCATION PROGRAMS IN 2024: SEVEN OFFERINGS OF THE ADVANCED PROGRAM IN LOGISTICS AND TECHNOLOGY AND ONE PROGRAM FOR EXECUTIVES IN LOGISTICS AND TECHNOLOGY OFFERINGS FOR A TOTAL OF 206 PARTICIPANTSExpenses $1,084,318 · revenue $1,770,000
- STRATEGIC BROADENING SEMINARS (SBS)IDB'S STRATEGIC BROADENING SEMINARS PROVIDE EDUCATIONAL PROGRAMS FOR COMPANY-GRADE OFFICERS, WARRANT OFFICERS, AND SENIOR NON-COMMISSIONED OFFICERS TO EXPAND THEIR STRATEGIC PERSPECTIVE AND STRENGTHEN LEADERSHIP SKILLS, CHALLENGING THEM TO THINK DIFFERENTLY, CONSIDER NON-U.S. MILITARY PERSPECTIVES, AND PREPARE TO OPERATE IN UNCERTAIN FUTURE ENVIRONMENTS.INDUSTRY BASED BROADENING (IB2) SBS, PART OF IDB'S SBS PORTFOLIO, CONNECT MILITARY LEADERS WITH INDUSTRY THROUGH TARGETED VISITS, ACADEMIC SESSIONS, AND GROUP WORK. IN 2024, THE IB2-LOGISTICS PROGRAM RAN TWICE WITH 28 PARTICIPANTS, WHILE IB2-INFORMATION ENVIRONMENT WAS OFFERED ONCE TO 12 PARTICIPANTS.THE DENSE URBAN STUDIES (DUS) SBS PROVIDES U.S. ARMY STUDENTS WITH AN IMMERSIVE LEARNING EXPERIENCE ON URBAN INFRASTRUCTURE, NETWORKS, AND HUMAN DYNAMICS IN DENSE CITIES. IN 2024, TWO COHORTS TOTALING 57 PARTICIPANTS BASED IN FORT HAMILTON, NY, EACH EXPLORED NEW YORK CITY OVER TWO WEEKS.Expenses $837,805 · revenue $1,290,270
- AVIATION INDUSTRIAL READINESS PROGRAM (AIR-P)BUILDING ON THE SUCCESS OF ITS DEPOT AND ARSENAL EXECUTIVE LEADERSHIP PROGRAM, AND RESPONDING TO U.S. NAVY NEEDS, IDB LAUNCHED THE AVIATION INDUSTRIAL READINESS PROGRAM (AIR-P) IN 2018 IN PARTNERSHIP WITH FLEET READINESS CENTER EAST AND NC STATE UNIVERSITY. THE PROGRAM EQUIPS LEADERS FROM AVIATION-FOCUSED DEFENSE INDUSTRIAL FACILITIES WITH LEADERSHIP DEVELOPMENT AND BUSINESS ACUMEN THROUGH ACADEMIC INSTRUCTION, BENCHMARKING, AND CORPORATE RESIDENCIES.AIR-P COHORT 5, WHICH BEGAN WITH ACADEMICS IN OCTOBER 2023, COMPLETED CORPORATE AND BENCHMARKING RESIDENCIES THROUGH THE SPRING 2024, AND A FINAL ACADEMIC RESIDENCY AND GRADUATION IN JUNE 2024. IN OCTOBER 2024, AIR-P COHORT 6 WAS FIELDED WITH 24 PARTICIPANTS FROM THE U.S. NAVY, AIR FORCE, AND ARMY. ACADEMIC RESIDENCIES WERE ACCOMPLISHED THROUGH THE END OF 2024. CORPORATE AND BENCHMARKING RESIDENCIES TOOK PLACE IN THE WINTER AND SPRING OF 2025 AND THE COHORT HAD ITS FINAL ACADEMIC RESIDENCY AND GRADUATION IN JUNE.Expenses $465,893 · revenue $674,343
- LOGISTICS FOR THE 21ST CENTURY (LOG21) PROVIDES EARLY-CAREER LOGISTICIANS WITH A TAILORED EDUCATIONAL EXPERIENCE TO SUPPORT PROFESSIONAL GROWTH AND HIGHLIGHT THE VALUE OF LONG-TERM CAREERS IN LOGISTICS AND SUSTAINMENT. IN 2024, DEMAND REMAINED STRONG WITH FOUR OFFERINGS AND 138 PARTICIPANTS. BY FOCUSING ON THIS PREVIOUSLY UNDERSERVED GROUP, LOG21 HAS BECOME A CORNERSTONE OF IDB'S LOGISTICS EDUCATION PORTFOLIO, EARNING HIGH EVALUATIONS AS STUDENTS GAIN STRONGER NETWORKS, RESILIENCE, AND PROBLEM-SOLVING SKILLS FOR FUTURE CHALLENGES.Expenses $430,204 · revenue $921,320
- AIR FORCE CONTINUOUS PROCESS IMPROVEMENT FOR EXECUTIVES PROGRAM (CI2E): SINCE 2016, IDB HAS DELIVERED CUSTOM CONTINUOUS PROCESS IMPROVEMENT (CPI) COURSES FOR AIR FORCE SENIOR LEADERS, HELD IN LOCATIONS NATIONWIDE INCLUDING COLORADO SPRINGS, CO; DAYTON, OH; CHAPEL HILL, NC; SAN ANTONIO, TX; AND WASHINGTON, DC. IDB DELIVERED FOUR IN-RESIDENCE OFFERINGS OF THE "CONTINUOUS IMPROVEMENT AND INNOVATION FOR EXECUTIVES" PROGRAM IN 2024TO 92 PARTICIPANTS IN NORTH CAROLINA. IN 2024, IDB SUPPORTED THE AIR FORCE'S MASTER PROCESS OFFICER SUMMIT BY RECRUITING FACULTY AND ASSISTING WITH CURRICULUM DESIGN AND EVENT MANAGEMENT,Expenses $352,588 · revenue $530,850
- LIFE CYCLE EXECUTIVE LEADERSHIP PROGRAM (LCELP): THE LIFE CYCLE EXECUTIVE LEADERSHIP PROGRAM (LCELP), CREATED TO ADDRESS INDUSTRY AND MILITARY NEEDS FOR EDUCATION ON LIFE CYCLE MANAGEMENT AND TOTAL OWNERSHIP COST, HELPS TECHNICAL AND BUSINESS MANAGERS MAKE INFORMED DESIGN AND SUPPORT DECISIONS. IN 2024, IDB DELIVERED LCELP TWICE, WITH ONE IN-PERSON AND ONE VIRTUAL OFFERING REACHING 39 PARTICIPANTS.Expenses $155,350 · revenue $246,420
- NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION CEO ADVANCED LEADERSHIP SEMINAR: THE NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION (NECA) CEO ADVANCED LEADERSHIP SEMINAR (CALS) EQUIPS SENIOR EXECUTIVES WITH THE STRATEGIC INSIGHTS AND LEADERSHIP TOOLS NEEDED TO NAVIGATE COMPLEX BUSINESS CHALLENGES. DESIGNED FOR TOP DECISION-MAKERS, THE SEMINAR EMPHASIZES LONG-TERM VISION, ORGANIZATIONAL TRANSFORMATION, AND BEST PRACTICES FROM ACROSS INDUSTRIES TO STRENGTHEN LEADERSHIP EFFECTIVENESS AND DRIVE SUSTAINED SUCCESS. IDB DELIVERED ONE CALS PROGRAM TO 16 PARTICIPANTS IN 2024.Expenses $120,600 · revenue $157,000
- IDB EXECUTIVE FELLOWS PROGRAM: THE IDB EXECUTIVE FELLOWS PROGRAM PROVIDES RECENTLY RETIRED SENIOR LEADERS FROM THE MILITARY SERVICES, AS WELL AS AN ACTIVE INDUSTRY LEADER, AN OPPORTUNITY TO SHARE THEIR KNOWLEDGE AND EXPERIENCE WITH ESTABLISHED AND PROMISING NEW LEADERS IN THE DOD, THE MILITARY SERVICES AND THE PRIVATE SECTOR. DURING 2024, THE FELLOWS PARTICIPATED IN, AND MADE PRESENTATIONS AT ALL OF IDB'S PROGRAMMATIC OFFERINGS. IDB FELLOWS PROVIDED THEIR INSIGHT ON EMERGING MILITARY- AND EDUCATION-RELATED ISSUES AND TRENDS.Expenses $219,702
- DEFENSE COMMISSARY AGENCY LEADERSHIP AND BROADENING PROGRAMS: THE DEFENSE COMMISSARY AGENCY (DECA) LEADERSHIP AND BROADENING PROGRAMS ARE DESIGNED TO EXPAND PARTICIPANTS' STRATEGIC PERSPECTIVE WHILE ENHANCING LEADERSHIP AND MANAGEMENT SKILLS. DRAWING FROM ELEMENTS OF IDB'S IB2 AND LCELP PROGRAMS, THESE OFFERINGS CHALLENGE PARTICIPANTS TO THINK DIFFERENTLY, STRENGTHEN DECISION-MAKING, AND GAIN EXPOSURE TO BROADER DEFENSE AND INDUSTRY PRACTICES. THE PROGRAMS PREPARE DECA PERSONNEL TO TAKE ON GREATER RESPONSIBILITIES AND CONTRIBUTE TO LONG-TERM ORGANIZATIONAL SUCCESS, WITH TWO OFFERINGS REACHING 55 PARTICIPANTS IN 2024.Expenses $233,695 · revenue $398,750
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-2068603
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W054)
- Assets (IRS master file)
- $3,316,641
- Income (IRS master file)
- $6,088,649
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,088,649 | $5,406,862 | $3,316,641 | IRS |
| 990 | December 2023 | $5,273,535 | $5,161,048 | $2,566,557 | XML |
| 990 | December 2022 | $4,819,613 | $4,714,078 | $2,255,771 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-2068603).
Questions about INSTITUTE FOR DEFENSE AND BUSINESS
- What is the EIN of INSTITUTE FOR DEFENSE AND BUSINESS?
- The employer identification number (EIN) of INSTITUTE FOR DEFENSE AND BUSINESS is 56-2068603.
- Is INSTITUTE FOR DEFENSE AND BUSINESS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to INSTITUTE FOR DEFENSE AND BUSINESS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INSTITUTE FOR DEFENSE AND BUSINESS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INSTITUTE FOR DEFENSE AND BUSINESS due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INSTITUTE FOR DEFENSE AND BUSINESS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of INSTITUTE FOR DEFENSE AND BUSINESS?
- The 990 for the year ended December 31, 2024 names WILLIAM MARK FAULKNER.
- Who are the officers and directors of INSTITUTE FOR DEFENSE AND BUSINESS?
- The 990 for the year ended December 31, 2024 lists 18 people; 8 received compensation from the organization, the highest $283,262 (W MARK FAULKNER, PRESIDENT).
- How much revenue does INSTITUTE FOR DEFENSE AND BUSINESS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,088,649, expenses of $5,406,862 and total assets of $3,316,641 at year end.
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