Institute For Defense And Business is located in Chapel Hill, NC. The organization was established in 2000. According to its NTEE Classification (W05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Institute For Defense And Business employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Defense And Business is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Institute For Defense And Business generated $5.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $5.2m during the year ending 12/2023. While expenses have increased by 2.5% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
BRINGING TOGETHER GOVERNMENT, PRIVATE SECTOR, AND ACADEMIC EXPERTISE FROM LOCATIONS AROUND THE WORLD TO IMPROVE THE BUSINESS FUNCTIONAL AREAS OF THE DEPARTMENT OF DEFENSE AND MILITARY SERVICES, AS WELL AS OTHER AREAS OF GOVERNMENTAL OPERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Judith A Fedder Vice Chairwoman And Direct | OfficerTrustee | 1 | $0 |
Roger L Perry Jr Treasurer And Director | OfficerTrustee | 1 | $0 |
Thomas W Bradshaw Jr Chairman And Director | OfficerTrustee | 1.5 | $0 |
W Mark Faulkner President And Director | OfficerTrustee | 40 | $303,116 |
Kevin Sampels Director | Trustee | 0.5 | $0 |
Michael W Kuhn Director | Trustee | 0.5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Nf Iii Chapel Hill Op Co Llc Courtyard M Lodging | 12/30/23 | $162,038 |
Jbd Hospitality Llc Lodging, Conference Facilities/services | 12/30/23 | $350,100 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $1,500 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,500 |
Total Program Service Revenue | $5,260,219 |
Investment income | $11,816 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $5,273,535 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $854,943 |
Compensation of current officers, directors, key employees. | $485,652 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $747,033 |
Pension plan accruals and contributions | $47,788 |
Other employee benefits | $287,779 |
Payroll taxes | $125,469 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $2,708,192 |
Advertising and promotion | $32,230 |
Office expenses | $28,900 |
Information technology | $47,325 |
Royalties | $0 |
Occupancy | $81,093 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $7,192 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $8,707 |
Insurance | $26,571 |
All other expenses | $7,028 |
Total functional expenses | $5,161,048 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $535,881 |
Savings and temporary cash investments | $1,598,531 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $27,000 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $71,757 |
Net Land, buildings, and equipment | $22,213 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $311,175 |
Total assets | $2,566,557 |
Accounts payable and accrued expenses | $169,388 |
Grants payable | $0 |
Deferred revenue | $342,385 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $284,727 |
Total liabilities | $796,500 |
Net assets without donor restrictions | $1,770,057 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $2,566,557 |