Form 990 for tax year 2025

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $2,906,316

• 1e · Government grants (contributions)

  $667,798

• 1f · All other contributions, gifts and grants

  $20,781,475

• 1g · Noncash contributions included above

  $2,750,279

• 3 · Investment income

  total $3,942,549 · excluded $3,942,549

• 7a · Gross sales of assets other than inventory

  securities $109,199,876

• 7b · Less cost or other basis and sales expenses

  securities $70,118,166

• 7c · Gain or loss

  securities $39,081,710

• 7d · Net gain or loss

  total $39,081,710 · excluded $39,081,710

• 8a · Fundraising events: gross income

  $75,200

• 8a · Fundraising events: contributions included on line 1c

  $2,906,316

• 8b · Fundraising events: direct expenses

  $405,687

• 8c · Net income from fundraising events

  total -$330,487 · excluded -$330,487

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $483,570 · program services $483,570

• 5 · Compensation of officers, directors and key employees

  total $2,916,867 · program services $2,462,675 · management and general $191,454 · fundraising $262,738

• 7 · Other salaries and wages

  total $10,773,367 · program services $9,248,384 · management and general $718,992 · fundraising $805,991

• 8 · Pension plan contributions

  total $436,375 · program services $368,425 · management and general $28,643 · fundraising $39,307

• 9 · Other employee benefits

  total $804,470 · program services $679,205 · management and general $52,802 · fundraising $72,463

• 10 · Payroll taxes

  total $610,298 · program services $515,267 · management and general $40,058 · fundraising $54,973

• 11b · Fees: legal

  total $39,470 · program services $32,431 · management and general $6,969 · fundraising $70

• 11c · Fees: accounting

  total $168,690 · management and general $168,690

• 11e · Fees: professional fundraising services

  total $180,700 · fundraising $180,700

• 11f · Fees: investment management

  total $14,936 · management and general $14,936

• 11g · Fees: other

  total $490,761 · program services $392,708 · management and general $86,437 · fundraising $11,616

• 12 · Advertising and promotion

  total $9,458 · program services $5,940 · management and general $1,633 · fundraising $1,885

• 13 · Office expenses

  total $319,118 · program services $201,590 · management and general $54,548 · fundraising $62,980

• 14 · Information technology

  total $488,815 · program services $435,227 · management and general $18,795 · fundraising $34,793

• 16 · Occupancy

  total $2,590,795 · program services $2,015,810 · management and general $491,128 · fundraising $83,857

• 17 · Travel

  total $1,804,601 · program services $1,453,690 · management and general $67,029 · fundraising $283,882

• 19 · Conferences, conventions and meetings

  total $1,195,510 · program services $837,160 · management and general $83,830 · fundraising $274,520

• 22 · Depreciation, depletion and amortization

  total $541,858 · program services $421,601 · management and general $102,718 · fundraising $17,539

• 23 · Insurance

  total $134,520 · program services $84,478 · management and general $23,226 · fundraising $26,816

• 24a · Other expenses: Printing/Design/Duplica

  total $250,750 · program services $157,470 · management and general $43,294 · fundraising $49,986

• 24b · Other expenses: Media Production Costs-

  total $94,184 · program services $59,147 · management and general $16,262 · fundraising $18,775

• 24c · Other expenses: Taxes and Fees

  total $75,472 · program services $62,012 · management and general $13,325 · fundraising $135

• 24d · Other expenses: Gifts

  total $39,844 · program services $25,022 · management and general $6,879 · fundraising $7,943

• 24e · All other expenses

  total $44,051 · program services $27,862 · management and general $7,610 · fundraising $8,579

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,216,848 · end of year $7,555,200

• 2 · Savings and temporary cash investments

  beginning of year $5,113,246 · end of year $22,646,997

• 3 · Pledges and grants receivable

  beginning of year $558,879 · end of year $712,715

• 9 · Prepaid expenses and deferred charges

  beginning of year $247,939 · end of year $280,696

• 10a · Land, buildings and equipment: cost or other basis

  $6,856,525

• 10b · Land, buildings and equipment: accumulated depreciation

  $4,862,416

• 10c · Land, buildings and equipment, net

  beginning of year $2,484,658 · end of year $1,994,109

• 11 · Investments: publicly traded securities

  beginning of year $96,818,273 · end of year $86,528,833

• 15 · Other assets

  beginning of year $12,629,777 · end of year $10,654,421

• 17 · Accounts payable and accrued expenses

  beginning of year $1,586,637 · end of year $1,368,296

• 21 · Escrow or custodial account liability

  beginning of year $592,060 · end of year $543,968

• 25 · Other liabilities

  beginning of year $16,013,952 · end of year $13,635,769

• 27 · Net assets without donor restrictions

  beginning of year $84,998,293 · end of year $94,241,986

• 28 · Net assets with donor restrictions

  beginning of year $17,878,678 · end of year $20,582,952

The filer's explanations (Part III)

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• Hudson Analytical Services Inc

  C · Research · NY · 100% owned · controlled entity

  Directly controlled by Hudson Institute Inc