2023-05-10T09:15:45-05:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 901 N GLEBE ROAD 200 ARLINGTON VA 22203 990 2022-01-01 131945157 HUDSON INSTITUTE INC HUDS 2029742400 1201 PENNSYLVANIA AVENUE NW 400 WASHINGTON DC 20004 JOHN P WALTERS PRESIDENT AND CEO 2029742400 2023-05-01 1 JOHN WALTERS XXX-XX-XXXX 0 ROBERT WILLIAMS P01345960 5712279500 2023-05-01 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN P WALTERS 1201 PENNSYLVANIA AVENUE NW 400 WASHINGTON DC 20004 40742408 0 X WWW. HUDSON.ORG X 1961 NY PROMOTING STRONG AND ENGAGED U.S. INTERNATIONAL LEADERSHIP IN PARTNERSHIP WITH OUR ALLIES 13 12 84 110 0 0 19919809 22510826 0 0 3643177 2930150 -362785 -265990 23200201 25174986 0 0 0 0 10862219 11728800 90000 0 1782788 8147862 10597041 19100081 22325841 4100120 2849145 103422402 110726571 6408058 24091577 97014344 86634994 HUDSON INSTITUTE'S MISSION IS PRIMARILY TO PROMOTE AMERICAN LEADERSHIP AND GLOBAL ENGAGEMENT FOR A SECURE, FREE, AND PROSPEROUS FUTURE. 0 0 14162515 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). 3994556 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). 18157071 1 1 0 0 0 0 0 0 0 1 1 0 0 0 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 1 151 0 84 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 13 12 1 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 MD MA MI MN MS NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X JOHN P WALTERS 2029742400 1201 PENNSYLVANIA AVENUE NW SUITE WASHINGTON DC 20004 JOHN P WALTERS PRESIDENT AND CEO 50.00 X X 545542 0 42065 SARAH MAY STERN CHAIRMAN 8.00 X 0 0 0 RUSSELL PENNOYER VICE CHAIR 1.00 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 1.00 X 0 0 0 MARGARET WHITEHEAD TRUSTEE 1.00 X 0 0 0 WALTER STERN CHAIRMAN EMERITUS - UNTIL FEB 2022 1.00 X 0 0 0 LEWIS LIBBY SENIOR VICE PRESIDENT 50.00 X 337000 0 37417 MATTHEW HUNTER VP, STRATEGIC PARTNERSHIPS 50.00 X 277500 0 8057 JOEL SCANLON EXECUTIVE VICE PRESIDENT 50.00 X 277312 0 29908 ANN MARIE HAUSER VP, PUBLIC AFFAIRS 50.00 X 273312 0 29922 DANIEL MCKIVERGAN VP, GOVERNMENT RELATIONS 50.00 X 273312 0 40672 STEVE CORDER CFO AND TREASURER 50.00 X 231188 0 31719 VICTORIA MILLER CORPORATE SECRETARY 50.00 X 83500 0 14996 NICHOLAS MACKEY DIRECTOR OF OPERATIONS 50.00 X 177800 0 29801 WALTER RUSSELL MEAD DISTINGUISHED FELLOW 50.00 X 345204 0 32373 BRYAN CLARK SENIOR FELLOW & DIRECTOR 50.00 X 284375 0 23439 ARTHUR HERMAN SENIOR FELLOW 50.00 X 285000 0 35404 MICHAEL DORAN SR FELLOW & DIRECTOR 50.00 X 272318 0 44864 ASHA GEORGE EXECUTIVE DIRECTOR ON BIODEFENSE 50.00 X 254167 0 25938 3917530 0 426575 32 0 1 0 DRAKE QUANTOUS LLC 1540 KELLER PARKWAY KELLER TX 19460 CONSULTING/DATA BASE 350000 SQUARE MILES LLP 736 N HOLLY DRIVE ANNAPOLIS MD 21409 CONSULTING 323336 DRAGOON STRATEGIES LLC 223 HANOVER ROAD PHOENIXVILLE PA 19460 CONSULTING 250000 PRH & COMPANY 7526 CODDLE HARBOR LANE POTOMAC MD 20854 CONSULTING 215000 SCOUT STRATEGY GROUP LLC 106 SPECTACLE LANE WILTON CT 06897 CONSULTING 210000 12 1312411 21198415 391004 22510826 2269646 2269646 48 48 15936688 15276184 660504 660504 660504 25200 1312411 291238 -266038 -266038 25174986 0 0 2664160 X 2530993 2100724 253099 177170 7430354 6149678 796092 484584 399382 330937 42815 25630 790110 654906 83642 51562 577961 479133 60800 38028 86066 3570 82496 88551 36000 52551 6384 6384 4528552 4144629 24914 359009 242093 35404 197704 8985 460786 413927 27845 19014 2665854 2208750 280449 176655 949521 793486 4459 151576 477162 238005 40209 198948 493191 82160 390212 20819 70361 58272 7421 4668 PRINTING, DESIGN AND DU 145192 93138 16223 35831 EDITING 39394 39394 BUSINESS MEALS 27061 20039 4762 2260 PHOTOGRAPHY SERVICES 14000 2000 12000 302873 272919 13905 16049 22325841 18157071 2385982 1782788 3143774 3607451 5351851 4387160 429186 5406129 345674 313911 32205 159322 23000397 3156219 3598366 19844178 90521346 77008420 103422402 110726571 1404807 1507533 5003251 22584044 6408058 24091577 X 77694308 65786548 19320036 20848446 97014344 86634994 103422402 110726571 2849145 -13228495 0 X 0 1 X 1 0 X 15317272 45156168 15356881 19919809 22510826 118260956 15317272 45156168 15356881 19919809 22510826 118260956 33088243 85172713 1419477 2011449 2101110 2166846 2269694 9968576 668632 1302946 5680 26600 25200 2029058 130258590 0.65390 0.56020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 81147894 7147063 -9178984 3988000 75127973 68738213 39505 15744176 3374000 81147894 63853378 1173106 6025729 2314000 68738213 33238105 22739319 9537953 1662000 63853377 38344309 380172 -3566376 1920000 33238105 0.92000 0.08000 0.00000 0 0 21824349 2417239 19407110 1176048 738980 437068 19844178 DEFERRED RENT 20560508 AMOUNTS HELD FOR THIRD PARTIES 684506 REFUNDABLE ADVANCES 1339030 22584044 X 12231346 -13228495 -13228495 25459841 6383 -291238 -284855 25174986 22610696 291238 291238 22319458 6383 6383 22325841 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: THE INSTITUTE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND FROM APPLICABLE STATE INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE INSTITUTE HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AND NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. THE INSTITUTE FILES INFORMATIONAL INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND NEW YORK STATE. THE INSTITUTE IS NOT CURRENTLY UNDER AUDIT BY ANY INCOME TAX JURISDICTION. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES NETTED AGAINST REVENUE -291,238. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 291,238. HERMAN KAHN AWARD DINNER 1337611 1312411 25200 119350 171888 1337611 1312411 25200 119350 171888 291238 -266038 X 1 1 X X X 0 0 0 0 0 0 0 1 0 JOHN P WALTERS PRESIDENT AND CEO 533542 0 12000 0 0 0 23557 0 18508 0 587607 0 0 0 WALTER RUSSELL MEAD DISTINGUISHED FELLOW 345204 0 0 0 0 0 24400 0 7973 0 377577 0 0 0 LEWIS LIBBY SENIOR VICE PRESIDENT 335000 0 2000 0 0 0 24400 0 13017 0 374417 0 0 0 ARTHUR HERMAN SENIOR FELLOW 285000 0 0 0 0 0 22800 0 12604 0 320404 0 0 0 MICHAEL DORAN SR FELLOW & DIRECTOR 272318 0 0 0 0 0 21785 0 23079 0 317182 0 0 0 DANIEL MCKIVERGAN VP, GOVERNMENT RELATIONS 265312 0 8000 0 0 0 21792 0 18880 0 313984 0 0 0 BRYAN CLARK SENIOR FELLOW & DIRECTOR 284375 0 0 0 0 0 21788 0 1651 0 307814 0 0 0 JOEL SCANLON EXECUTIVE VICE PRESIDENT 265312 0 12000 0 0 0 22130 0 7778 0 307220 0 0 0 ANN MARIE HAUSER VP, PUBLIC AFFAIRS 265312 0 8000 0 0 0 21865 0 8057 0 303234 0 0 0 MATTHEW HUNTER VP, STRATEGIC PARTNERSHIPS 250000 0 27500 0 0 0 0 0 8057 0 285557 0 0 0 ASHA GEORGE EXECUTIVE DIRECTOR ON BIODEFENSE 229167 0 25000 0 0 0 18016 0 7922 0 280105 0 0 0 STEVE CORDER CFO AND TREASURER 219188 0 12000 0 0 0 18495 0 13224 0 262907 0 0 0 NICHOLAS MACKEY DIRECTOR OF OPERATIONS 169800 0 8000 0 0 0 14224 0 15577 0 207601 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 6 354580 CLOSING STOCK QUOTE X FLIGHT TICKETS 2 34430 X BREAKFAST ITEMS 1 1993 0 0 0 1 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS PART I, LINE 32B: WELLS FARGO AND MORGAN STANLEY SELL NON-CASH CONTRIBUTIONS OF PUBLICLY TRADED STOCK AND MUTUAL FUNDS FOR HUDSON. LINE 9, COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS. 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 A, LINE 2 SARAH MAY STERN, CHAIR, AND WALTER P. STERN, CHAIR EMERITUS, HAVE A FAMILY RELATIONSHIP. 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 2022. THE PROCESS FOR DETERMINING COMPENSATION OF THE OFFICERS AND KEY EMPLOYEES INCLUDES 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. THIS PROCESS RECENTLY TOOK PLACE IN 2022. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 IS AVAIBLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANT- HUDSON SCHOLARS AND PERSONNEL: PROGRAM SERVICE EXPENSES 2,674,096. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,674,096. CONSULTANT- HONORARIA: PROGRAM SERVICE EXPENSES 542,484. MANAGEMENT AND GENERAL EXPENSES 705. FUNDRAISING EXPENSES 9,000. TOTAL EXPENSES 552,189. CONSULTANT- IT: PROGRAM SERVICE EXPENSES 6,667. MANAGEMENT AND GENERAL EXPENSES 9,538. FUNDRAISING EXPENSES 260,000. TOTAL EXPENSES 276,205. OTHER: PROGRAM SERVICE EXPENSES 921,382. MANAGEMENT AND GENERAL EXPENSES 14,671. FUNDRAISING EXPENSES 90,009. TOTAL EXPENSES 1,026,062. 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