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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Public & Societal Benefit Institute for Defense and Business

Institute for Defense and Business

Fiscal year ending 2024. Filed on November 12, 2025.

1445 Environ Way
Chapel Hill, North Carolina 27517

Institute for Defense and Business (EIN: 56-2068603) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Institute for Defense and Business, a 501(c)(3) charitable organization, reported compensation for 8 out of 22 total employees. Among the employees shown here, the average compensation is $183,239. The highest compensated employee at Institute for Defense and Business is W Mark Faulkner with fiscal year 2024 compensation of $292,635.

Revenue, expenses, and employee compensation

Revenue

$6,088,649

Expenses

$5,406,862

Employee compensation

$2,334,317
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

W Mark Faulkner
President
$292,635
$283,262 No related comp$9,373
Michael Bogdahn
Vice President Strategy and Development
$198,038
$191,431 No related comp$6,607
Arthur T Sturgeon Jr
Vice President of Program and Curriculum, Senior P
$195,163
$188,211 No related comp$6,952
Lisa C Rash
Vice President Finance and Administration and ASS
$178,355
$166,543 No related comp$11,812
Mark Susnis
Program Director
$171,413
$165,147 No related comp$6,266
Susan Merchant
Program Director
$167,149
$161,427 No related comp$5,722
Clark Streets
Program Director
$141,823
$130,766 No related comp$11,057
Scott B Whitaker
Accounting Manager
$121,335
$110,892 No related comp$10,443

Benchmark Employee Compensation

Non-Employee Board Members

Judith A Fedder
Vice Chair
Kevin Sampels
Director
Mark Cramer
Director
Michael W Kuhn
Director
Raymond V Mason
Director
Robert E Love
Director
Roger L Perry Jr
Treasurer
Thomas W Bradshaw Jr
Chair
Walter E Gaskin
Director
William B Fields II
Director

Contractors

Jb Duke Hotel
Lodging Conference/Meeting Facilities
$815,294
Washington Duke Inn & Golf Club
Lodging Conference/Meeting Facilities
$167,188
Courtyard By Marriott-Chapel Hill
Lodging Conference/Meeting Facilities
$105,998

Mission Statement

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.

Revisions to this organization profile

November 12, 2025:
2024 Institute for Defense and Business 990 filed
July 23, 2024:
2023 Institute for Defense and Business 990 filed
November 7, 2023:
2022 Institute for Defense and Business 990 filed

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