2026-05-19T10:08:59-05:00 2025-12-31 520982413 GROSS MENDELSOHN & ASSOCIATES PA 1801 PORTER STREET SUITE 500 BALTIMORE MD 21230 990 2025-01-01 521271179 BUSINESS EXECUTIVES FOR NATIONAL SECURITY BUSI 2022962125 1030 15TH STREET NW 200 E WASHINGTON DC 20005 HALEY LAMM CHIEF OF STAFF 2022962125 2026-05-19 1 LISA JOHNSON P01250416 4106855512 2026-05-18 2025 2025-03-06 01:10:19Z HALEY LAMM 1030 15TH STREET NW 200 E WASHINGTON DC 20005 10202732 0 X WWW.BENS.ORG X 1982 DC BENS APPLIES INDUSTRY EXPERIENCE AND BEST BUSINESS PRACTICES TO HELP ADDRESS OUR NATION'S PRESSING NATIONAL SECURITY CHALLENGES. 46 46 43 3 0 0 6659821 7633549 0 0 543725 287014 1136313 -157332 8339859 7763231 0 0 0 0 5410593 5282898 0 0 303052 2989805 2798767 8400398 8081665 -60539 -318434 22391060 22165592 10831026 9969917 11560034 12195675 X BENS APPLIES INDUSTRY EXPERIENCE AND BEST BUSINESS PRACTICES TO HELP ADDRESS OUR NATION'S PRESSING NATIONAL SECURITY CHALLENGES. 0 0 3319444 BUSINESS EXECUTIVES FOR NATIONAL SECURITY (BENS) TODAY DELIVERS ITS PROGRAMMATIC IMPACT THROUGH A CAMPAIGN MODEL THAT ALIGNS PRIVATE-SECTOR EXPERTISE AND INSIGHT WITH THE NATION'S MOST PRESSING SECURITY CHALLENGES. THROUGH THIS FORCE-MULTIPLIER APPROACH, BENS SUSTAINS INTEGRATED EFFORTS THAT COMBINE ROUNDTABLES, SITE VISITS, APPLIED PROJECTS, THOUGHT LEADERSHIP, AND DIRECT ENGAGEMENT WITH SENIOR MILITARY LEADERS AND POLICYMAKERS BRINGING INDUSTRY PERSPECTIVE THAT INFORMS DECISION-MAKING AND DELIVERS PRACTICAL, ACTIONABLE RECOMMENDATIONS THAT STRENGTHEN NATIONAL RESILIENCE, INDUSTRIAL CAPACITY, AND DEFENSE READINESS AT SCALE.IN 2025, BENS CONCENTRATED ITS WORK ON THREE PRIORITY AREAS. THROUGH ITS HOMELAND RESILIENCE AND RESPONSE EFFORTS, BENS ADVANCED A WHOLE-OF-NATION APPROACH TO EMERGING THREATS IN BIOTECHNOLOGY, SPACE, AND CRITICAL INFRASTRUCTURE DOMAINS WHERE THE PRIVATE SECTOR OPERATES FRONTLINE SYSTEMS. BENS, PARTICULARLY SUPPORTED THE NATIONAL SECURITY COMMISSION ON EMERGING BIOTECHNOLOGY, WHICH INFORMED LANDMARK LEGISLATION SUCH AS THE "INDEPENDENCE INVESTMENT FUND ACT AND THE "BIOMANUFACTURING EXCELLENCE ACT", WHILE PRODUCING ANALYSIS ON VULNERABILITIES IN PHARMACEUTICAL SUPPLY CHAINS AND RECOMMENDATIONS TO STRENGTHEN ITS DOMESTIC PRODUCTION AND RESILIENCE.THROUGH ITS STRENGTHENING SUPPLY CHAINS EFFORTS, BENS ADDRESSED VULNERABILITIES IN CRITICAL PRODUCTION NETWORKS EXPOSED BY GEOPOLITICAL COMPETITION AND GLOBAL DISRUPTION. BENS WORKED WITH FEDERAL, STATE, AND INDUSTRY PARTNERS TO IDENTIFY PRACTICAL SOLUTIONS TO REINFORCE INDUSTRIAL CAPACITY, DIVERSIFY SOURCING, AND IMPROVE RESILIENCE. IN 2025, BENS PARTNERED WITH THE COMMONWEALTH OF MASSACHUSETTS IN ESTABLISHING THE STRATEGIC HUB FOR INNOVATION, EXCHANGE AND LEADERSHIP IN DEFENSE (SHIELD) INITIATIVE, A STATE-LEVEL EFFORT TO STRENGTHEN THE NATION'S DEFENSE INDUSTRIAL BASE THROUGH REGIONAL INNOVATION, ADVANCED MANUFACTURING, AND WORKFORCE DEVELOPMENT. BENS VIEWS THIS MODEL AS REPLICABLE AND WILL WORK IN 2026 TO APPLY LESSONS LEARNED IN MASSACHUSETTS TO HELP OTHER STATES STRENGTHEN THE INDUSTRIAL FOUNDATIONS OF AMERICA'S SECURITY.LASTLY, THROUGH ITS MOBILIZING PRIVATE CAPITAL EFFORTS, BENS ADVANCED MARKET-BASED APPROACHES TO ADDRESS THE GAP BETWEEN NATIONAL SECURITY INVESTMENT NEEDS AND AVAILABLE GOVERNMENT FUNDING. BENS PUBLISHED "ARSENAL OF DEMOCRACY 2.0," OUTLINING HOW MODERN CAPITAL MARKETS AND PUBLICPRIVATE PARTNERSHIPS CAN SUPPORT DEFENSE MODERNIZATION, AND LAUNCHED A "PRACTITIONER RECOMMENDATION SERIES" TO PROVIDE ACTIONABLE MECHANISMS TO UNLOCK PRIVATE INVESTMENT. BENS ALSO CONVENED LEADERS ACROSS FINANCE, INDUSTRY, AND GOVERNMENT THROUGH ITS "FINANCING THE NEXT ARSENAL OF DEMOCRACY SERIES" TO IDENTIFY PRACTICAL PATHWAYS TO SCALE INVESTMENT IN DEFENSE TECHNOLOGIES, INFRASTRUCTURE, AND INDUSTRIAL CAPACITY ESSENTIAL TO U.S. SECURITY.ACROSS THESE CAMPAIGNS, BENS SERVED AS A TRUSTED, NONPARTISAN CONVENER BETWEEN INDUSTRY AND THE NATIONAL SECURITY COMMUNITY, TRANSLATING PRIVATE-SECTOR EXPERIENCE INTO SOLUTIONS THAT STRENGTHEN THE NATION'S ABILITY TO COMPETE, DETER, AND RESPOND IN TODAY'S INCREASINGLY COMPLEX AND CONTESTED GLOBAL SECURITY ENVIRONMENT. 3328200 DEVELOPMENT AND MEMBERSHIP SERVICES: BY HOSTING EVENTS AND CONVERSATIONS WITH SECURITY LEADERS AND EXPERTS THROUGHOUT THE COUNTRY, AS WELL AS ORGANIZING SELF-FINANCED VISITS TO REGIONAL FACILITIES CRITICAL TO NATIONAL SECURITY MISSIONS, BENS MAKES IT POSSIBLE FOR PRIVATE SECTOR LEADERS TO GARNER FIRSTHAND KNOWLEDGE OF THE MAJOR ISSUES IMPACTING AMERICA'S SECURITY. IN 2025, BENS HOSTED MORE THAN 160 ENGAGEMENTS NATIONWIDE, ALONG WITH TWO FLAGSHIP EVENTS IN WASHINGTON, DC, AND NEW YORK CITY, WHERE 850 LEADERS FROM THE PRIVATE SECTOR AND NATIONAL SECURITY COMMUNITY CAME TOGETHER TO HONOR EXTRAORDINARY AMERICANS WHO EXEMPLIFY THE 'WHOLE-OF-NATION' APPROACH TO SAFEGUARDING OUR COUNTRY. 6647644 1 1 0 0 0 0 0 0 0 0 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 0 0 0 0 1 13 0 1 43 1 0 0 0 0 0 0 0 0 0 0 0 0 X 46 46 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AR CA FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC OR PA RI SC TN UT VA WV WI X X HALEY LAMM 2022962125 1030 15TH ST NW SUITE 200 E WASHINGTON DC 20005 BAIN PAUL J BOARD MEMBER 0.02 X 0 0 0 BEDULA LAUREN BOARD MEMBER 0.02 X 0 0 0 BENAROYA RAPHAEL VICE CHAIR 0.02 X X 0 0 0 BLAIR MICHAEL BOARD MEMBER 0.02 X 0 0 0 BOIES MARY M VICE CHAIR 0.02 X X 0 0 0 BOVIN DENIS A VICE CHAIR 0.02 X X 0 0 0 COLE SAMUEL BOARD MEMBER 0.02 X 0 0 0 COLLINS CHRISTOPHER W BOARD MEMBER 0.02 X 0 0 0 CORTEZI NICHOLAS BOARD MEMBER 0.02 X 0 0 0 COX JR HOWARD E BOARD MEMBER 0.02 X 0 0 0 DARNELL STEVEN E BOARD MEMBER 0.02 X 0 0 0 D'CRUZ ALEC BOARD MEMBER 0.02 X 0 0 0 DIXON DONALD R BOARD MEMBER 0.02 X 0 0 0 DORDAL PETE JR BOARD MEMBER 0.02 X 0 0 0 DRISCOLL JOHN P BOARD MEMBER 0.02 X 0 0 0 FIELD EZRA S BOARD MEMBER 0.02 X 0 0 0 FINELLI FRANCIS BOARD MEMBER 0.02 X 0 0 0 FREEH JUSTIN BOARD MEMBER 0.02 X 0 0 0 GERENCSER MARK J CHAIRMAN 2.00 X X 0 0 0 GERMANY BALLINTYN RHONDA BOARD MEMBER 0.02 X 0 0 0 GILBERT GS BECKWITH BOARD MEMBER 0.02 X 0 0 0 HANKIN MICHAEL D BOARD MEMBER 0.02 X 0 0 0 HERSH ANDREW B BOARD MEMBER 0.02 X 0 0 0 HIGGINS THOMAS J BOARD MEMBER 0.02 X 0 0 0 HITCHCOCK JEREMY BOARD MEMBER 0.02 X 0 0 0 HOROWITZ RAANAN BOARD MEMBER 0.02 X 0 0 0 KANIA JR EDWIN M BOARD MEMBER 0.02 X 0 0 0 KUNKLER WILLIAM C BOARD MEMBER 0.02 X 0 0 0 MARCUS PAUL BOARD MEMBER 0.02 X 0 0 0 MARKS RAMON P VICE CHAIR/BOARD SECRETARY 0.02 X X 0 0 0 MCDONALD DAVID C BOARD MEMBER 0.02 X 0 0 0 MEEK SAMUEL BOARD MEMBER 0.02 X 0 0 0 MONKS BRIAN H BOARD MEMBER 0.02 X 0 0 0 MOSLER BRUCE E CHAIRMAN EMERITUS 0.02 X X 0 0 0 NEWMAN MARK S BOARD MEMBER 0.02 X 0 0 0 NIEWIARA JAMES BOARD MEMBER 0.02 X 0 0 0 NIXON GREGORY S BOARD MEMBER 0.02 X 0 0 0 PARKER STUART B BOARD MEMBER 0.02 X 0 0 0 PRUFETA JOHN BOARD MEMBER 0.02 X 0 0 0 ROGERS KRISTI M BOARD MEMBER 0.02 X 0 0 0 SHEDLIN ROGER S BOARD MEMBER 0.02 X 0 0 0 SHENKMAN MARK R BOARD MEMBER 0.02 X 0 0 0 SHIRA JAMES BOARD MEMBER 0.02 X 0 0 0 SMITH DONALD V BOARD MEMBER 0.02 X 0 0 0 SMITH JAMES BOARD MEMBER 0.02 X 0 0 0 WEISS ANTHONY W BOARD MEMBER 0.02 X 0 0 0 GEN TIMOTHY RAY PRESIDENT & CEO 40.00 X 568044 0 15993 GEN CHRIS CRAIGE COO 40.00 X 266621 0 10427 BALLMAN LAURA VICE PRESIDENT 40.00 X 146244 0 10165 KENNING KATHERINE DIRECTOR FOR CALIFORNIA (FORMER) 40.00 X 143918 0 7139 LAMM HALEY CHIEF OF STAFF 40.00 X 168689 0 12193 MOONI GENEVIEVE CHIEF DEVELOPMENT OFFICER 40.00 X 154468 0 8217 WHITTAKER JAMES VICE PRESIDENT 40.00 X 152605 0 11641 1600589 0 75775 20 0 1 0 THE RITZ CARLTON 1150 22ND STREET NW WASHINGTON DC 20037 SPRING GALA 229390 CIPRIANI 110 EAST 42ND ST NEW YORK NY 10017 FALL GALA 155625 2 2008775 5624774 7633549 286901 286901 1909643 1909530 113 113 113 315000 2008775 529971 -214971 -214971 OTHER INCOME 900099 57639 57639 57639 7763231 0 0 129682 861085 688868 57706 114511 3397653 2823306 519474 54873 96315 80429 14769 1117 594663 492090 84360 18213 333182 275712 47266 10204 24175 21180 2364 631 128325 112425 12550 3350 30000 30000 384883 337196 37641 10046 216069 184220 29892 1957 1074203 871201 192095 10907 223272 191794 8863 22615 470247 354863 65885 49499 114405 93812 20593 31964 25891 4794 1279 BANK FEES 41993 38058 2117 1818 DUES AND SUBSCRIPTIONS 36494 36487 7 SOFTWARE LICENSES 21227 19202 2025 OTHER 1510 910 600 8081665 6647644 1130969 303052 4338439 4293620 262928 233016 80297 181741 843376 636501 321280 206875 7968645 8767353 9419471 8482987 22391060 22165592 266635 452936 10564391 9516981 10831026 9969917 X 11535034 12170675 25000 25000 11560034 12195675 22391060 22165592 -318434 954075 0 X X 0 1 X 1 0 X 8716971 7426570 7322283 6659821 7633549 37759194 8716971 7426570 7322283 6659821 7633549 37759194 37759194 230110 209063 357025 356819 286901 1439918 22287 63019 12468 1188787 57639 1344200 40543312 0.93130 0.93330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 162734 62661 100073 178698 178697 1 501944 395143 106801 206875 RIGHT OF USE ASSET 11822061 ACCUMULATED AMORTIZATION RIGHT OF USE ASSET -3388438 SECURITY DEPOSIT 49364 8482987 LEASE LIABILITY SHORT TERM 1079521 LEASE LIABILITY LONG TERM 8437460 9516981 X 8687306 954075 954075 7733231 30000 30000 7763231 8051665 0 8051665 30000 30000 8081665 PART X, LINE 2: BENS IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE 501(C)(3). INCOME THAT IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE INCOME TAXES. BENS HAD NO UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2025. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THESE FINANCIAL STATEMENTS. DC DINNER 797467 572767 224700 241325 27407 NY DINNER 550750 460450 90300 205540 55699 1348217 1033217 315000 446865 83106 529971 -214971 1 X X X X X 0 0 0 0 0 0 0 0 0 GEN TIMOTHY RAY PRESIDENT & CEO 455544 0 112500 0 0 0 15993 0 0 0 584037 0 0 0 GEN CHRIS CRAIGE COO 232121 0 34500 0 0 0 10427 0 0 0 277048 0 0 0 LAMM HALEY CHIEF OF STAFF 160689 0 8000 0 0 0 8043 0 4150 0 180882 0 0 0 WHITTAKER JAMES VICE PRESIDENT 152605 0 0 0 0 0 7491 0 4150 0 164246 0 0 0 MOONI GENEVIEVE CHIEF DEVELOPMENT OFFICER 154468 0 0 0 0 0 8217 0 0 0 162685 0 0 0 BALLMAN LAURA VICE PRESIDENT 146244 0 0 0 0 0 6015 0 4150 0 156409 0 0 0 KENNING KATHERINE DIRECTOR FOR CALIFORNIA (FORMER) 143918 0 0 0 0 0 7139 0 0 0 151057 0 0 0 X 7 252952 FMV X REGION EVENTS 2 26974 RECEIPT 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 WAS FORWARDED TO MEMBERS OF THE BOARD OF DIRECTORS BEFORE FILING. THE AUDITORS DELIVERED THE PREPARED 990 TO THE RISK & AUDIT COMMITTEE OF THE BOARD OF DIRECTORS. APPROVAL BY UNANIMOUS VOTE AT DULY SCHEDULED MEETING OF THE RISK & AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C EVERY BOARD MEMBER SIGNS A CONFLICT OF INTEREST POLICY ANNUALLY. ALL DIRECTORS ARE REMINDED OF THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AT EACH MEETING OF THE BOARD. SENIOR BENS STAFF REGULARLY MONITOR PROJECTS AND ACTIVITIES TO HELP FURTHER AVOID ANY POTENTIAL CONFLICT OF INTEREST SITUATIONS. THE SECRETARY OF THE BENS BOARD OF DIRECTORS RECEIVES REPORTS OF POTENTIAL CONFLICTS OF INTEREST AND, AFTER REVIEWING AND CONSULTING WITH THE CHAIR OF THE GOVERNANCE COMMITTEE, DETERMINES APPROPRIATE ACTION. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION COMMITTEE CONTAINS MEMBERS WITH EXTENSIVE EXPERIENCE WITH COMPENSATION AND HUMAN RESOURCES. THE ORGANIZATION UTILIZED GUIDESTAR SERVICES TO DETERMINE PAY SCALE FOR ORGANIZATION IN SIMILAR SIZE AND FUNCTION IN THE DC AREA. FORM 990, PART VI, SECTION C, LINE 18 990 IS AVAILABLE ON LINE AND VIA CHARITY NAVIGATOR FORM 990, PART VI, SECTION C, LINE 19 THE AUDITED FINANCIAL STATEMENTS AND IRS FORM 990 ARE AVAILABLE ON CHARITY NAVIGATOR. THE GOVERNING DOCUMENTS AND AUDITED STATEMENT ARE POSTED ON OUR WEBSITE. FORM 990, PART XII, LINE 2C: DRAFT AUDITED FINANCIAL STATEMENTS ARE REVIEWED BY THE RISK & AUDIT COMMITTEE OF THE BOARD OF DIRECTORS.