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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 2022. Filed on November 7, 2023.

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 2022 IRS Form 990 filing, Institute for Defense and Business, a 501(c)(3) charitable organization, reported compensation for 8 out of 27 total employees. Among the employees shown here, the average compensation is $147,150. The highest compensated employee at Institute for Defense and Business is W Mark Faulkner with fiscal year 2022 compensation of $243,819.

Revenue, expenses, and employee compensation

Revenue

$4,819,613

Expenses

$4,714,078

Employee compensation

$2,046,713
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

W Mark Faulkner
President and Director
$243,819
$235,908 No related comp$7,911
Arthur T Sturgeon Jr
Program Director
$177,240
$170,787 No related comp$6,453
Michael Bogdahn
Senior Client Relations Director
$170,616
$166,086 No related comp$4,530
Van W Noah
Program Director and Assistant Treasurer
$161,842
$149,992 No related comp$11,850
Andrea L Carpenter
Vice President Finance and Administration and ASS
$144,908
$139,848 No related comp$5,060
Ted A Brewer
Senior Vice President and Executive Secretary
$121,661
$117,363 No related comp$4,298
Ronald W Mann Jr
Operations Manager
$114,446
$104,230 No related comp$10,216
Zebrina L Warner
Program Director and Assistant Secretary
$42,668
$39,671 No related comp$2,997

Benchmark Employee Compensation

Non-Employee Board Members

Judith A Fedder
VICE Chairwoman and Director
Michael W Kuhn
Director
Raymond V Mason
Director
Robert E Love
Director
Roger L Perry Jr
Treasurer and Director
Thomas W Bradshaw Jr
Chair and Director
Walter E Gaskin
Director
William B Fields II
Director
William E Mortensen
Former VICE Chairman and Director

Contractors

Jbd Hospitality LLC (Dba Jb Duke Hotel)
Lodging and Conference to Incl
$340,678
Nf III Chapel Hill Op CO LLC Courtyard M
Lodging and Meals
$197,780

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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