2024-05-03T09:44:16-05:00 2023-12-31 582676261 Rogers & Company PLLC 8300 Boone Boulevard Suite 600 Vienna VA 22182 990 2023-01-01 131945157 Hudson Institute Inc HUDS 2029742400 1201 Pennsylvania Avenue NW 400 Washington DC 20004 John P Walters President & CEO 2029742400 2024-05-03 1 John Walters 999009999 1 Yong Zhang CPA P01249785 7038930300 2024-04-25 0 AAL1 IAL1 2023 2023-04-26 12:10:37Z John P Walters 1201 Pennsylvania Avenue NW 400 Washington DC 20004 36415824 0 X www.hudson.org X 1961 NY Promoting strong and engaged U.S. international leadership in partnership with our allies. 12 11 87 101 0 0 22510826 20801938 0 0 2930150 4291606 -265990 -309628 25174986 24783916 0 0 0 0 11728800 12633840 0 0 1922503 10597041 12257268 22325841 24891108 2849145 -107192 110726571 117371037 24091577 20596984 86634994 96774053 Hudson Institute's mission is primarily to promote American leadership and global engagement for a secure, free, and prosperous future. 0 0 16016579 To promote the discussion and exchange of ideas on issues related to national security, human rights, religious freedom, and foreign policy. (Please see www.hudson.org for additional information). 4257572 To promote the discussion and exchange of ideas on issues related to economics, domestic policy, and political studies. (Please see www.hudson.org for additional information). 20274151 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 175 0 1 87 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AK AR CA CO CT DC FL GA HI IL KS KY ME ME MA MI MN MS NV NH NJ NM NY NC X John P Walters 2029742400 1201 Pennsylvania Avenue NW 400 Washington DC 20004 Sarah May Stern Chairman 8.00 X X 0 0 0 Russell Pennoyer Vice Chair 1.00 X X 0 0 0 Thomas C Barry Trustee 1.00 X 0 0 0 Linden S Blue Trustee 1.00 X 0 0 0 Jack David Trustee 1.00 X 0 0 0 Thomas Donohue Trustee 1.00 X 0 0 0 Richard Emmet Trustee 1.00 X 0 0 0 Shinya Katanozaka Trustee 1.00 X 0 0 0 Jessie Knight Jr Trustee 1.00 X 0 0 0 Laurence C Leeds Jr Trustee 1.00 X 0 0 0 Gilbert Scharf Trustee - Until May 2023 1.00 X 0 0 0 Margaret Whitehead Trustee 1.00 X 0 0 0 John P Walters President and CEO 50.00 X X 584531 0 44045 Lewis Libby Distinquished Fellow 50.00 X 328295 0 40316 Joel Scanlon Executive Vice President 50.00 X 306441 0 31827 Matthew Hunter VP, Strategic Partnerships 50.00 X 284709 0 8556 Ann Marie Hauser VP, Public Affairs 50.00 X 276740 0 31056 Daniel McKivergan VP, Government Relations 50.00 X 268076 0 43056 Steve Corder CFO and Treasurer 50.00 X 226459 0 32653 Victoria Miller Corporate Secretary 50.00 X 119169 0 18505 Nicholas Mackey Director of Operations 50.00 X 184217 0 31965 Walter Russell Mead DiDistinguished Fellow 50.00 X 415203 0 34839 Bryan Clark Senior Fellow and Director 50.00 X 294291 0 29819 Arthur Herman Senior Fellow 50.00 X 276826 0 36288 Michael Doran Senior Fellow and Director 50.00 X 263696 0 48573 Patrick Cronin Asia-Pacific Security Chair 50.00 X 251225 0 35061 4079878 0 466559 35 0 1 0 Square Miles LLP 736 N Holly Drive Annapolis MD 21409 Consulting 361666 William Barr 5904 Calla Drive McLean VA 22101 Consulting 250000 Corcoran Caterers 2401 Montgomery Street Silver Spring MD 20910 Catering 232197 Scout Strategy Group LLC 106 Spectacle Lane Wilton CT 06897 Consulting 210000 Dragoon Strategies LLC 223 Hanover Road Phoenixville PA 19460 Consulting 200000 22 1983157 684789 18133992 2800925 20801938 2911812 2911812 12667674 11287880 1379794 1379794 1379794 34400 1983157 344028 -309628 -309628 24783916 0 0 3981978 X 2860615 2367513 266792 226310 7915633 6545802 741147 628684 439139 363442 40956 34741 777587 643548 72521 61518 640866 530396 59770 50700 213630 186815 26095 720 128576 128576 5896 5896 4802557 4566862 229366 6329 270721 23431 236001 11289 495425 439177 24494 31754 2546558 2108269 236882 201407 1265484 1017465 9967 238052 952329 620019 62036 270274 621432 98667 498899 23866 117807 97439 11020 9348 Media Production Costs 413657 328861 21767 63029 Printing, Design, and D 212799 169177 11198 32424 Business Meals 62560 49736 3292 9532 Editing 37410 29741 1969 5700 110427 87791 5810 16826 24891108 20274151 2694454 1922503 3607451 4091879 4387160 5569590 5406129 1042040 313911 159322 233170 6805216 3777652 3648997 3027564 77008420 88837735 16195181 14569059 110726571 117371037 1507533 1732432 22584044 18864552 24091577 20596984 X 65786548 76222112 20848446 20551941 86634994 96774053 110726571 117371037 -107192 10246251 0 X 0 1 X 1 0 X 45156168 15356881 19919809 22510826 20801938 123745622 45156168 15356881 19919809 22510826 20801938 123745622 32919480 90826142 2011449 2101110 2166846 2269694 2911812 11460911 62320 5680 26600 25200 34400 154200 135360733 1240626 0.67100 0.65390 X Schedule A, Part II, Line 10, Explanation of Other Income: Fundraising income - 2019 Amount: $ 62,320. 2020 Amount: $ 5,680. 2021 Amount: $ 26,600. 2022 Amount: $ 25,200. 2023 Amount: $ 34,400. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 75127973 184161 13098538 3634027 84776645 81147894 7147063 -9178984 3988000 75127973 68738213 39505 15744176 3374000 81147894 63853378 1173106 6025729 2314000 68738213 33238105 22739319 9537953 1662000 63853377 0.92000 0.08000 0 0 5629168 2943961 2685207 1176048 833691 342357 3027564 Right-of-use asset - operating lease 14569059 14569059 Amounts held for third parties 565915 Lease liability - operating lease 18298637 18864552 X 35368299 10246251 344028 10590279 24778020 5896 5896 24783916 25229240 344028 344028 24885212 5896 5896 24891108 Part V, Line 4: The endowment fund is intended to partially fund the operating expenses of the Institute's Japan chair. The quasi-endowment fund is intended to partially fund the operating expenses of the Institute's Stern chair and other operating expenses. Part X, Line 2: Management has evaluated the Institute's tax positions and concluded that the Institute's financial statements do not include any uncertain tax positions. Part XI, Line 2d - Other Adjustments: Fundraising expenses 344,028. Part XII, Line 2d - Other Adjustments: Fundraising expenses 344,028. Herman Kahn Award Dinner 2017557 1983157 34400 123039 138619 82370 2017557 1983157 34400 123039 138619 82370 344028 -309628 X 1 1 X X X 0 0 0 0 0 0 0 1 0 John P Walters President and CEO 554531 0 30000 0 0 0 24250 0 19795 0 628576 0 0 0 Walter Russell Mead DiDistinguished Fellow 365203 0 50000 0 0 0 26400 0 8439 0 450042 0 0 0 Lewis Libby Distinquished Fellow 326295 0 2000 0 0 0 26400 0 13916 0 368611 0 0 0 Joel Scanlon Executive Vice President 276441 0 30000 0 0 0 23542 0 8285 0 338268 0 0 0 Bryan Clark Senior Fellow and Director 287291 0 7000 0 0 0 23748 0 6071 0 324110 0 0 0 Arthur Herman Senior Fellow 276826 0 0 0 0 0 22801 0 13487 0 313114 0 0 0 Michael Doran Senior Fellow and Director 263696 0 0 0 0 0 21785 0 26788 0 312269 0 0 0 Daniel McKivergan VP, Government Relations 263076 0 5000 0 0 0 22500 0 20556 0 311132 0 0 0 Ann Marie Hauser VP, Public Affairs 271740 0 5000 0 0 0 22500 0 8556 0 307796 0 0 0 Matthew Hunter VP, Strategic Partnerships 259709 0 25000 0 0 0 0 0 8556 0 293265 0 0 0 Patrick Cronin Asia-Pacific Security Chair 251225 0 0 0 0 0 20865 0 14196 0 286286 0 0 0 Steve Corder CFO and Treasurer 226459 0 0 0 0 0 18609 0 14044 0 259112 0 0 0 Nicholas Mackey Director of Operations 174217 0 10000 0 0 0 15275 0 16690 0 216182 0 0 0 Part I, Line 1a Charter air travel was provided as a non-cash contribution for business Purpose to the organization. Part I, Line 7 The compensation committee of the board determines the salary and the amount of any bonus given to the President and CEO each year. X 7 2757921 FMV X Flight tickets 2 43004 FMV 0 0 1 Part I, Line 32b: Wells Fargo and Morgan Stanley sell non-cash contributions of publicly Traded stock and mutual funds for Hudson. Form 990, Part VI, Section A, line 1a Executive Committee. The board of trustees may, by resolution adopted by a majority of the entire board, designate five (5) or more trustees of the corporation, one of whom shall be the president, to constitute an executive committee which, to the extent provided in such resolution and consistent with the act, the certificate of incorporation and these bylaws, shall have and exercise all of the authority of the board of trustees in the management of the corporation's affairs during intervals between the meetings of the board of trustees. The chairman, vice-chair, and three other trustees are the members of the executive committee and all sit on the governing body board of trustees. Form 990, Part VI, Section B, line 11b The Form 990 is reviewed in detail by the audit and risk management committee, the president and CEO, and CFO; and it is also provided to the full board of trustees for review prior to filing with the IRS. Form 990, Part VI, Section B, line 12c The conflict of interest policy covers all members of the board and all officers. Compliance with the policy is monitored by the corporate secretary who maintains the disclosure forms. Each year, trustees and corporate officers are required to fill out annual disclosure forms that are designed to elicit potential conflicts of interest that may arise through dealings or relationships with staff members, trustees, or Institute vendors. These disclosures are reviewed by the corporate secretary, the Institute president, and the chairman of the board. The board chairman reviews each transaction to come before the board for potential or actual conflicts of interest. Board members are asked to recuse themselves from any votes that may entail a conflict of interest. Any identified conflicts of interest and appropriate recusals are documented in the minutes of each board or committee meeting. Form 990, Part VI, Section B, line 15a The process for determining compensation of the president and CEO includes a review and approval by independent members of the compensation committee. Comparability data used in the review process is obtained from the form 990 of other organizations. The compensation determination process is performed on an annual basis. This process recently took place in 2023. The process for determining compensation of the officers and key employees include a review and approval by the president and CEO. Comparability data used in the review process is obtained from the form 990 of other organizations. The compensation determination process is performed on an annual basis. The process recently took place in 2023. Form 990, Part VI, Section C, line 18 The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request. Form 990, Part VI, Section C, line 19 Form 990 is available on the organization's website. Form 990, Part IX, line 11g Consultants - Hudson Scholars and Personnel: Program service expenses 2,924,822. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,924,822. Consultants - Honararia: Program service expenses 676,958. Management and general expenses 94,560. Fundraising expenses 2,609. Total expenses 774,127. Consultants - IT: Program service expenses 16,112. Management and general expenses 2,251. Fundraising expenses 62. Total expenses 18,425. Other Professional Fees: Program service expenses 948,970. Management and general expenses 132,555. Fundraising expenses 3,658. Total expenses 1,085,183. Hudson Analytical Services Inc 1201 Pennsylvania Avenue NW Suite 4 Washington DC 20004 351645201 Research NY Hudson Institute Inc C 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0