2026-06-22T14:46:10-05:00 2025-12-31 582676261 Rogers & Company PLLC 1775 Tysons Boulevard Suite 1200 McLean VA 22102 990 2025-01-01 131945157 Hudson Institute Inc HUDS 2029742400 1201 Pennsylvania Avenue NW 400 Washington DC 20004 John P Walters President & CEO 2029742400 2026-06-22 1 Yong Zhang CPA P01249785 7038930300 2026-06-16 2025 2025-03-06 01:10:19Z John P Walters 1201 Pennsylvania Avenue NW 400 Washington DC 20004 137573214 0 X www.hudson.org X 1961 NY Hudson Institute is a research organization promoting American leadership for a secure, free, and prosperous future. Founded in 1961 by strategist Herman Kahn, Hudson Institute challenges conventional thinking and helps manage strategic transitions through interdisciplinary studies in defense, international relations, economics, energy, technology, culture, and law. Hudson seeks to guide policymakers and global leaders in government and business through a robust program of publications, conferences, policy briefings, and recommendations. 16 15 87 112 0 0 18345282 24355589 0 0 4602374 43024259 -263726 -330487 22683930 67049361 0 483570 0 0 17225748 15541377 24350 180700 2299548 9178141 8302833 26428239 24508480 -3744309 42540881 121069620 130372971 18192649 15548033 102876971 114824938 Hudson Institute is a research organization promoting American leadership for a secure, free, and prosperous future. 0 0 15776042 483570 To advance research, analysis, and policy solutions on US national security, defense strategy, great power competition with China and Russia, alliances and deterrence, human rights, religious freedom, and American leadership in foreign policy. (For more information, see www.hudson.org.) 4193632 To advance research, dialogue, and policy recommendations on US economic growth, innovation, trade, domestic policy challenges, political institutions, and the intersection of economic strength with national security. (For more information, see www.hudson.org.) 19969674 1 1 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 155 0 1 87 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 15 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 MA MI MN MS NV NH NJ NM NY NC X X Halina Helenihi 2029742400 1201 Pennsylvania Avenue NW 400 Washington DC 20004 John P Walters President and CEO 40.00 X X 631113 0 66795 Sarah May Stern Chair 8.00 X X 0 0 0 Richard Emmet Vice Chair 1.00 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 Lucy Billingsley Trustee 1.00 X 0 0 0 Linden S Blue Trustee 1.00 X 0 0 0 Jack David Senior Fellow and Trustee 1.00 X 0 0 0 Michael Kassen Trustee 1.00 X 0 0 0 Shinya Katanozaka Trustee 1.00 X 0 0 0 Laurence C Leeds Jr Trustee 1.00 X 0 0 0 Shyam Sankar Trustee 1.00 X 0 0 0 Michael L Santini Trustee 1.00 X 0 0 0 William H Strong Trustee 1.00 X 0 0 0 Leslie D Ware Trustee 1.00 X 0 0 0 Margaret Whitehead Trustee 1.00 X 0 0 0 Joel Scanlon Executive Vice President 40.00 X 379990 0 43389 Halina Helenihi Director of Finance and Accounting 40.00 X 120190 0 5798 Ann Marie Hauser Vice President, Public Affairs 40.00 X 197402 0 8191 Matthew Hunter Senior Vice President 40.00 X 335088 0 39044 Owen Dorney Vice President, Strategic Partnerships 40.00 X 228918 0 34384 Emily Alcock Corporate Secretary 40.00 X 40000 0 5697 Daniel McKivergan Vice President, Government Relations 40.00 X 253380 0 17733 Victoria Miller Dir of PA, Corporate Secretary 40.00 X 175622 0 23826 Nicholas Mackey Director of Operations 40.00 X 260696 0 49611 Walter Russell Mead DF in Strategy and Statesmanship 40.00 X 426695 0 39296 Michael Doran Senior Fellow and Director 40.00 X 330356 0 59648 Bryan Clark Senior Fellow and Director 40.00 X 315723 0 26495 Patrick Cronin Asia-Pacific Security Chair 40.00 X 277572 0 48494 Thomas Duesterberg Senior Fellow 40.00 X 256155 0 21385 4228900 0 489786 31 0 1 0 Solarium Strategies LLC 2460 Brenner Place Allouez WI 54301 Policy Research 379167 Square Miles LLC 736 N Holly Drive Annapolis MD 21409 Policy Research 227796 Scout Strategy Group LLC 106 Spectacle Lane Wilton CT 06897 Policy Research 227550 The Pivotal Group LLC 12 Middlesex 67122 Chestnut Hill MA 02467 Policy Research 204578 William Barr 5904 Calla Drive McLean VA 22101 Policy Research 170833 11 2906316 667798 20781475 2750279 24355589 3942549 3942549 109199876 70118166 39081710 39081710 39081710 75200 2906316 405687 -330487 -330487 67049361 0 0 42693772 483570 483570 2916867 2462675 191454 262738 10773367 9248384 718992 805991 436375 368425 28643 39307 804470 679205 52802 72463 610298 515267 40058 54973 39470 32431 6969 70 168690 168690 180700 180700 14936 14936 490761 392708 86437 11616 9458 5940 1633 1885 319118 201590 54548 62980 488815 435227 18795 34793 2590795 2015810 491128 83857 1804601 1453690 67029 283882 1195510 837160 83830 274520 541858 421601 102718 17539 134520 84478 23226 26816 Printing/Design/Duplica 250750 157470 43294 49986 Media Production Costs- 94184 59147 16262 18775 Taxes and Fees 75472 62012 13325 135 Gifts 39844 25022 6879 7943 44051 27862 7610 8579 24508480 19969674 2239258 2299548 3216848 7555200 5113246 22646997 558879 712715 247939 280696 6856525 4862416 2484658 1994109 96818273 86528833 12629777 10654421 121069620 130372971 1586637 1368296 592060 543968 16013952 13635769 18192649 15548033 X 84998293 94241986 17878678 20582952 102876971 114824938 121069620 130372971 42540881 -30592914 0 X 0 1 X 1 0 X 19919809 22510826 20801938 18345282 24355589 105933444 19919809 22510826 20801938 18345282 24355589 105933444 13588995 92344449 2166846 2269694 2911812 2916033 3942549 14206934 26600 25200 34400 52200 75200 213600 120353978 0.76730 0.76670 X Schedule A, Part II, Line 10, Explanation of Other Income: Fundraising income - 2021 Amount: $ 26,600. 2022 Amount: $ 25,200. 2023 Amount: $ 34,400. 2024 Amount: $ 52,200. 2025 Amount: $ 75,200. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 93499661 6331846 11009131 4129126 106711512 84776645 13349 12675702 3966035 93499661 75127973 184161 13098538 3634027 84776645 81147894 7147063 -9178984 3988000 75127973 68738213 39505 15744176 3374000 81147894 0.92484 0.07516 0 0 5680477 3859565 1820912 1176048 1002851 173197 1994109 Right-of-use asset - operating lease 10654421 10654421 Lease liability - operating lease 13635769 13635769 X 36984598 -30592914 137400 405687 -30049827 67034425 14936 14936 67049361 25036631 137400 405687 543087 24493544 14936 14936 24508480 Part IV, Line 2b: The Institute holds funds for the Center for Religious Freedom (the "Center"), which transferred its programs and operations to the Institute effective January 1, 2007. The investment account is treated as agency funds by the Institute. Part V, Line 4: The Board-Designated Fund (Quasi-Endowment) supports Hudson's Stern Chair and other operating expenses. The Japan Chair Endowment supports the operating expenses of Hudson's Japan Chair. 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 405,687. Part XII, Line 2d - Other Adjustments: Fundraising expenses 405,687. X X X X X 1 MKJ Inc 5422 Albia Road Bethesda MD 20816 Fundraising Support 0 0 180700 -180700 180700 -180700 AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI SD Herman Kahn Award Dinner 2981516 2906316 75200 13167 144425 248095 2981516 2906316 75200 13167 144425 248095 405687 -330487 1 Atlantic Council of the United States Inc 1400 L St NW FL 11 Washington DC 20005 520742294 501c3 483570 0 Bipartisan Commission on Biodefense Funding 1 0 Part I, Line 2: Hudson Institute previously housed the biodefense commission and transferred the commission to the Atlantic Council. With the completion of the funds transfer, Hudson Institute no longer has responsibility for the management or expenditure of the transferred funds. X 1 1 X X X 1 0 0 0 0 0 0 1 0 John P Walters President and CEO 630958 0 0 0 155 0 28811 0 37984 0 697908 0 0 0 Walter Russell Mead DF in Strategy and Statesmanship 426540 0 0 0 155 0 28000 0 11296 0 465991 0 0 0 Joel Scanlon Executive Vice President 379944 0 0 0 46 0 28000 0 15389 0 423379 0 0 0 Michael Doran Senior Fellow and Director 325224 0 5000 0 132 0 27200 0 32448 0 390004 0 0 0 Matthew Hunter Senior Vice President 335070 0 0 0 18 0 24575 0 14469 0 374132 0 0 0 Bryan Clark Senior Fellow and Director 315591 0 0 0 132 0 22255 0 4240 0 342218 0 0 0 Patrick Cronin Asia-Pacific Security Chair 277429 0 0 0 143 0 23004 0 25490 0 326066 0 0 0 Nicholas Mackey Director of Operations 205678 0 55000 0 18 0 21600 0 28011 0 310307 0 0 0 Thomas Duesterberg Senior Fellow 256000 0 0 0 155 0 20480 0 905 0 277540 0 0 0 Daniel McKivergan Vice President, Government Relations 110467 0 0 0 142913 0 8069 0 9664 0 271113 0 0 0 Owen Dorney Vice President, Strategic Partnershi 228900 0 0 0 18 0 18750 0 15634 0 263302 0 0 0 Ann Marie Hauser Vice President, Public Affairs 53102 0 0 0 144300 0 5309 0 2882 0 205593 0 0 0 Victoria Miller Dir of PA, Corporate Secretary 175622 0 0 0 0 0 14153 0 9673 0 199448 0 0 0 Part I, Line 1a Hudson Institute received charter air travel as a non-cash contribution to support its business operations. Part I, Line 4a Some officers received severance payments during FY 25, which were properly reported on the officers' 2025 W2s and Part VII/Sch J of F990. The terms of the severance payment are confidential and subject to disclosure to the IRS upon request. 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 222220 2704109 FMV X Flight tickets 3 42986 FMV X Photography gear 1 3184 FMV 0 0 1 Part I, Line 32b: Hudson Institute has an account with a securities broker to accept stock donations. Donations are sent directly to this account and are sold within a few business days of receipt. Form 990, Part VI, Section A, line 1a 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 Hudson Institute's 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. Form 990, Part VI, Section B, line 11b A draft version of Hudson Institute's Form 990 is reviewed by its senior management team, including the President and CEO and the Executive Vice President, and the Audit and Risk Committee of the Board of Trustees. A complete final draft of the Form 990 is provided to the Board of Trustees for final comments before filing with the Internal Revenue Service. Form 990, Part VI, Section B, line 12c Hudson Institute regularly monitors compliance with its conflict of interest policy. All trustees, officers, and key employees are required to disclose annually any financial interest or relationship that may be considered a conflict of interest. Compliance with the conflict of interest policy is overseen by the Audit and Risk Committee of the Board of Trustees. Form 990, Part VI, Section B, line 15a Compensation for the President and CEO is reviewed and approved by the Executive Committee of Hudson Institute's Board of Trustees. The Committee considers comparability data from similar organizations, and the Board chair provides contemporaneous substantiation of the deliberation and decision. This process takes place annually. 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 Hudson Institute's audited financial statements and Form 990 are available to the public on its website. Hudson's governing documents and conflict of interest policy are available to the public upon request. Hudson Analytical Services Inc 1201 Pennsylvania Avenue NW Suite 4 Washington DC 20004 351645201 Research NY Hudson Institute Inc C 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0