2024-07-23T13:25:27-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 4601 SIX FORKS ROAD SUITE 350 RALEIGH NC 27609 990 2023-01-01 562068603 INSTITUTE FOR DEFENSE AND BUSINESS INST 9199698008 1445 ENVIRON WAY CHAPEL HILL NC 27517 WILLIAM MARK FAULKNER PRESIDENT 9199698008 2024-07-23 1 WILLIAM MARK FAULKNER 999009999 1 REBECCA FISHER P01690017 9197813581 2024-07-23 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z WILLIAM MARK FAULKNER 1445 ENVIRON WAY CHAPEL HILL NC 27517 5273535 0 X WWW.IDB.ORG X 1997 NC 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. 10 9 27 9 0 0 128365 1500 4686712 5260219 4536 11816 0 0 4819613 5273535 0 0 0 0 2046713 2063012 0 0 0 2667365 3098036 4714078 5161048 105535 112487 2255771 2566557 598201 796500 1657570 1770057 X 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. 0 0 952357 1415465 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. 931164 1539613 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. 496040 775639 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. 461440 697210 LOGISTICS FOR THE 21ST CENTURY (LOG21)LOGISTICS FOR THE 21ST CENTURY (LOG21) IS DESIGNED TO PROVIDE EARLY-CAREER, HIGH-POTENTIAL LOGISTICIANS WITH A COMPREHENSIVE AND TAILORED EDUCATIONAL EXPERIENCE AIMED AT FURTHERING THEIR PROFESSIONAL DEVELOPMENT WHILE GIVING THEM A GLIMPSE INTO THE POTENTIAL REWARDS AND PROMISE OF A LONG-TERM CAREER IN LOGISTICS AND SUSTAINMENT. 2023 SAW CONTINUED STRONG DEMAND FOR LOG21 WITH FIVE OFFERINGS TOTALING 111 PARTICIPANTS.BY TARGETING THE PREVIOUSLY UNDERSERVED EARLY-CAREER DEMOGRAPHIC, LOG21 HAS ESTABLISHED ITSELF AS A KEY COMPONENT OF THE IDB'S LOGISTICS AND TECHNOLOGY EDUCATION PORTFOLIO. PROGRAM EVALUATIONS ARE VERY HIGH; STUDENTS FINISH THE COURSE WITH A BETTER UNDERSTANDING OF HOW THEY CAN TAP INTO THEIR CROSS-SERVICE, CROSS-AGENCY, AND INTRA-INDUSTRY PROFESSIONAL NETWORK TO BE MORE RESILIENT IN THE FACE OF CHANGE AND DEVELOP MORE ROBUST SOLUTIONS TO EXISTING AND FUTURE CHALLENGES. 702062 832292 OTHER SMALL PROJECTS IN WHICH THE IDB IS INVOLVED THAT ARE RELATED TO ITS MISSION 1163502 1529502 3543063 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 61 0 27 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X LISA RASH 9199698008 1445 ENVIORN WAY CHAPEL HILL NC 27512 JUDITH A FEDDER VICE CHAIRWOMAN AND DIRECT 1.00 X X 0 0 0 ROGER L PERRY JR TREASURER AND DIRECTOR 1.00 X X 0 0 0 THOMAS W BRADSHAW JR CHAIRMAN AND DIRECTOR 1.50 X X 0 0 0 W MARK FAULKNER PRESIDENT AND DIRECTOR 40.00 X X 303116 0 9950 KEVIN SAMPELS DIRECTOR 0.50 X 0 0 0 MICHAEL W KUHN DIRECTOR 0.50 X 0 0 0 RAYMOND V MASON DIRECTOR 0.50 X 0 0 0 ROBERT E LOVE DIRECTOR 0.50 X 0 0 0 WALTER E GASKIN DIRECTOR 0.50 X 0 0 0 WILLIAM B FIELDS II DIRECTOR 0.50 X 0 0 0 ANDREA L CARPENTER TERM 123123 VICE PRESIDENT, FINANCE AND ADMINISTRATION AND ASS 40.00 X 127284 0 4679 ARTHUR T STURGEON JR VICE PRESIDENT OF PROGRAM AND CURRICULUM, SENIOR P 40.00 X 173115 0 6502 LISA C RASH VICE PRESIDENT, FINANCE AND ADMINISTRATION AND ASS 40.00 X 22912 0 616 MICHAEL BOGDAHN VICE PRESIDENT, STRATEGY AND DEVELOPMENT 40.00 X 176347 0 6139 VAN W NOAH TERM DATE 1423 PROGRAM DIRECTOR AND ASSISTANT TREASURER 40.00 X 22991 0 1293 MARK SUSNIS PROGRAM DIRECTOR 40.00 X 154950 0 5964 RONALD W MANN JR OPERATIONS MANAGER 40.00 X 106182 0 10335 SCOTT B WHITAKER ACCOUNTING MANAGER 40.00 X 100319 0 10126 1187216 0 55604 7 0 1 0 JBD HOSPITALITY LLC 230 SCIENCE DRIVE DURHAM NC 27705 LODGING, CONFERENCE FACILITIES/SERVICES 350100 NF III CHAPEL HILL OP CO LLC COURTYARD M 3434 PEACHTREE RD NE ATLANTA GA 30326 LODGING 162038 2 1500 1500 TUITION REVENUE 611600 5260219 5260219 5260219 11816 11816 5273535 5260219 0 11816 X 854943 369291 485652 747033 322679 424354 47788 20642 27146 287779 124305 163474 125469 54196 71273 2708192 2544538 163654 32230 32230 28900 14970 13930 47325 47325 81093 35028 46065 7192 7192 8707 2538 6169 26571 1524 25047 BUSINESS DEVELOPMENT 62147 11901 50246 INSTRUCTIONAL MATERIALS 41004 41004 RECRUITING 35272 35272 DUES AND SUBSCRIPTIONS 12375 12375 7028 447 6581 5161048 3543063 1617985 0 96133 535881 1481070 1598531 194701 27000 84833 71757 51208 28995 27082 22213 371952 311175 2255771 2566557 207028 169388 43575 342385 347598 284727 598201 796500 X 1657570 1770057 1657570 1770057 2255771 2566557 112487 0 X 0 1 X 1 0 X 243800 321848 128365 1500 695513 4986783 3108790 3145996 4686712 5260219 21188500 4986783 3352590 3467844 4815077 5261719 21884013 0 902398 519229 692250 1097974 725072 3936923 902398 519229 692250 1097974 725072 3936923 17947090 3557 1609 1258 4536 11816 22776 3557 1609 1258 4536 11816 22776 4990340 3354199 3469102 4819613 5273535 21906789 0.81920 0.81760 0.00100 0.00070 X 51208 28995 22213 22213 LEASE DEPOSIT 23941 RIGHT OF USE ASSETS 287234 311175 LEASE LIABILITY 284727 284727 X 5273535 0 5273535 0 5273535 5161048 0 5161048 0 5161048 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS NOT A PRIVATE FOUNDATION. MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCE PROVIDED BY U.S. GAAP ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT BELIEVES THE ORGANIZATION CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AT DECEMBER 31, 2023. X 1 1 X X X X 0 0 0 1 0 0 0 1 0 W MARK FAULKNER PRESIDENT AND DIRECTOR 234000 0 67526 0 1590 0 9079 0 871 0 313066 0 0 0 MICHAEL BOGDAHN VICE PRESIDENT, STRATEGY AND DEVELOP 159500 0 15000 0 1847 0 5268 0 871 0 182486 0 0 0 ARTHUR T STURGEON JR VICE PRESIDENT OF PROGRAM AND CURRIC 156597 0 15000 0 1518 0 5209 0 1293 0 179617 0 0 0 MARK SUSNIS PROGRAM DIRECTOR 148794 0 5000 0 1156 0 4671 0 1293 0 160914 0 0 0 PART I, LINE 1A THE GROSS UP PAYMENTS ARE FOR ALL EMPLOYEES, NOT JUST OFFICERS, KEY EMPLOYEES, OR HIGHEST COMPENSATED EMPLOYEES. THESE PAYMENTS INVOLVE PREMIUM AMOUNTS FOR GROUP LONG-TERM DISABILITY INSURANCE AS WELL AS THE VALUE OF GROUP TERM LIFE BENEFITS GREATER THAN $50,000. THE IDB PAYS MEMBERSHIP DUES TO THE ARMY AND NAVY CLUB IN WASHINGTON, D.C. AN ORGANIZATIONAL MEMBERSHIP IN THIS SOCIAL CLUB IS NOT AVAILABLE. THE IDB MEMBERSHIP IS IN THE PRESIDENT'S NAME, ALTHOUGH USAGE OF THE CLUB BY IDB PERSONNEL IS EXCLUSIVELY FOR BUSINESS PURPOSES. PART I, LINE 3 PERIODICALLY THE ORGANIZATION'S BOARD OF DIRECTORS ENGAGES AN OUTSIDE PROFESSIONAL COMPENSATION FIRM TO CONDUCT A REVIEW OF THE COMPENSATION OF ITS PRESIDENT. GENERALLY, THE ORGANIZATION INCLUDES A REVIEW OF THE COMPENSATION OF ITS SENIOR LEADERS IN SUCH A REVIEW. PART I, LINE 5 EACH YEAR, AFTER THE AUDIT OF THE PRIOR YEAR'S FINANCIAL STATEMENTS, THE ORGANIZATION WILL PAY A BONUS BASED ON GROWTH IN GROSS REVENUES FOR THE IMMEDIATELY PRECEDING FISCAL YEAR ABOVE THE GROSS REVENUES OF THE FISCAL YEAR PRIOR TO THE IMMEDIATELY PRECEDING FISCAL YEAR. PAYMENT OF THE BONUS REQUIRES APPROVAL OF THE BOARD'S COMPENSATION COMMITTEE. PART I, LINE 7 DISCRETIONARY, YEAR-END BONUSES WERE PAID. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF 5 MEMBERS: THE ORGANIZATION'S PRESIDENT, THE BOARD CHAIRMAN, THE VICE CHAIRMAN AND TWO OTHER MEMBERS AS DESIGNATED BY THE CHAIRMAN OR AT THE CHAIRMAN'S DISCRETION, THE VICE CHAIRMAN. THE EXECUTIVE COMMITTEE HAS AND MAY EXERCISE ALL THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B ALL OF THE ORGANIZATION'S DIRECTORS RECEIVE A COPY OF THE DRAFT FORM 990 PRIOR TO FILING, WITH AN OPPORTUNITY TO ASK QUESTIONS OR MAKE COMMENTS ABOUT THE DOCUMENT PRIOR TO ITS BEING FINALIZED. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE ORGANIZATION'S BOARD OF DIRECTORS ARE NOT ONLY REQUIRED TO DISCLOSE ANNUALLY INTEREST THAT COULD GIVE RISE TO CONFLICTS, THEY ARE REQUIRED TO DO THIS BIANNUALLY AT EACH BOARD MEETING. IN THE EVENT OF A CONFLICT, THE INTERESTED DIRECTOR, AFTER DISCLOSURE OF A POSSIBLE OR EXISTING CONFLICT, SHALL NOT PARTICIPATE IN ANY DISCUSSION, DEBATE OR VOTE ON SUCH MATTER OR MATTERS, EXCEPT TO ANSWER ANY QUESTIONS POSED BY THE BOARD, AND SHALL PHYSICALLY RECUSE HIMSELF/HERSELF FROM ANY DISCUSSION, DEBATE OR VOTE ON SUCH MATTERS. FORM 990, PART VI, SECTION B, LINE 15 PERIODICALLY THE ORGANIZATION'S BOARD OF DIRECTORS ENGAGES AN OUTSIDE PROFESSIONAL COMPENSATION FIRM TO CONDUCT A REVIEW OF THE COMPENSATION OF ITS PRESIDENT. GENERALLY, THE ORGANIZATION INCLUDES A REVIEW OF THE COMPENSATION OF ITS SENIOR LEADERS IN SUCH A REVIEW. THE ORGANIZATION PLANS TO COMMISSION ANOTHER INDEPENDENT REVIEW IN 2024 OR 2025. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2016. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACTORS (TUITION, INSTRUCTIONAL FACILITIES, FACULTY, ETC.): PROGRAM SERVICE EXPENSES 2,544,538. MANAGEMENT AND GENERAL EXPENSES 163,654. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,708,192.