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← BUSINESS EXECUTIVES FOR NATIONAL SECURITY

Form 990 for tax year 2023

Filed by BUSINESS EXECUTIVES FOR NATIONAL SECURITY.

Totals

Total revenue
$7,518,402
Total expenses
$8,392,531
Contributions and grants received
$7,322,283
Grants paid
$0
Program service revenue
$0
Investment income
$352,218
Other revenue
-$156,099
Total assets, end of year
$22,840,078
Total liabilities, end of year
$11,684,783
Net assets or fund balances, end of year
$11,155,295
Program services expenses (Part IX)
$6,677,761
Management and general expenses
$856,026
Fundraising expenses
$858,744
Program service expenses (Part III)
$6,677,761

Program services were 79.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $1,962,032

  • 1f · All other contributions, gifts and grants

    $5,360,251

  • 1g · Noncash contributions included above

    $178,658

  • 3 · Investment income

    total $357,025 · excluded $357,025

  • 7a · Gross sales of assets other than inventory

    securities $32,338

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

    securities $32,075 · other assets $5,070

  • 7c · Gain or loss

    securities $263 · other assets -$5,070

  • 7d · Net gain or loss

    total -$4,807 · excluded -$4,807

  • 8a · Fundraising events: gross income

    $281,225

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

    $1,962,032

  • 8b · Fundraising events: direct expenses

    $449,792

  • 8c · Net income from fundraising events

    total -$168,567 · excluded -$168,567

  • 11a · Other revenue: OTHER INCOME

    total $12,468 · excluded $12,468

  • 11e · Other revenue, total

    $12,468

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,255,604 · program services $842,182 · management and general $284,006 · fundraising $129,416

  • 7 · Other salaries and wages

    total $3,170,791 · program services $2,626,269 · management and general $249,718 · fundraising $294,804

  • 8 · Pension plan contributions

    total $90,147 · program services $81,225 · fundraising $8,922

  • 9 · Other employee benefits

    total $581,449 · program services $499,097 · management and general $27,690 · fundraising $54,662

  • 10 · Payroll taxes

    total $324,347 · program services $269,208 · management and general $22,704 · fundraising $32,435

  • 11b · Fees: legal

    total $15,043 · program services $12,486 · management and general $1,053 · fundraising $1,504

  • 11c · Fees: accounting

    total $28,151 · program services $23,365 · management and general $1,971 · fundraising $2,815

  • 11f · Fees: investment management

    total $30,000 · management and general $30,000

  • 11g · Fees: other

    total $443,434 · program services $363,943 · management and general $35,642 · fundraising $43,849

  • 13 · Office expenses

    total $294,223 · program services $244,205 · management and general $20,596 · fundraising $29,422

  • 14 · Information technology

    total $111,747 · program services $92,750 · management and general $7,822 · fundraising $11,175

  • 16 · Occupancy

    total $998,149 · program services $828,464 · management and general $69,870 · fundraising $99,815

  • 17 · Travel

    total $113,460 · program services $94,172 · management and general $7,942 · fundraising $11,346

  • 19 · Conferences, conventions and meetings

    total $747,414 · program services $543,889 · management and general $83,804 · fundraising $119,721

  • 22 · Depreciation, depletion and amortization

    total $87,547 · program services $72,664 · management and general $6,128 · fundraising $8,755

  • 23 · Insurance

    total $31,966 · program services $26,531 · management and general $2,238 · fundraising $3,197

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $39,606 · program services $32,873 · management and general $2,772 · fundraising $3,961

  • 24b · Other expenses: EMPLOYEE DEVELOPMENT

    total $10,334 · program services $8,576 · management and general $724 · fundraising $1,034

  • 24c · Other expenses: OTHER EXPENSES

    total $9,916 · program services $8,223 · management and general $702 · fundraising $991

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $9,203 · program services $7,639 · management and general $644 · fundraising $920

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,321,749 · end of year $4,645,830

  • 4 · Accounts receivable

    beginning of year $413,591 · end of year $204,212

  • 9 · Prepaid expenses and deferred charges

    beginning of year $69,903 · end of year $120,582

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

    $843,376

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

    $397,572

  • 10c · Land, buildings and equipment, net

    beginning of year $209,017 · end of year $445,804

  • 11 · Investments: publicly traded securities

    beginning of year $6,067,142 · end of year $7,086,323

  • 15 · Other assets

    beginning of year $8,508,349 · end of year $10,337,327

  • 17 · Accounts payable and accrued expenses

    beginning of year $661,576 · end of year $339,738

  • 25 · Other liabilities

    beginning of year $8,768,359 · end of year $11,345,045

  • 27 · Net assets without donor restrictions

    beginning of year $11,159,816 · end of year $11,130,295

  • 28 · Net assets with donor restrictions

    end of year $25,000

Mission and programs · 2023

Mission

TO APPLY BEST BUSINESS PRACTICES TO ADDRESS THE NATION'S MOST PRESSING SECURITY CHALLENGES.

  • MEETINGS, PROGRAMS DEVELOPMENT, AND IMPLEMENTATION: BENS SERVES AS A PRIMARY CHANNEL FOR MEANINGFUL EXCHANGE BETWEEN SENIOR PRIVATE SECTOR EXECUTIVES AND LEADERS FROM ACROSS THE NATIONAL SECURITY ENTERPRISE. THROUGH HOSTING EVENTS AND CONVERSATIONS AROUND THE COUNTRY WITH THESE LEADERS, AS WELL AS SELF-FINANCED VISITS TO SITES OF RELEVANCE TO NATIONAL AND INTERNATIONAL SECURITY, BENS MAKES IT POSSIBLE FOR PRIVATE SECTOR LEADERS TO LEARN ABOUT MAJOR ISSUES CONFRONTING THE NATIONAL SECURITY COMMUNITY AND TO SHARE INSIGHTS AND BEST PRACTICES FROM INDUSTRY THAT COULD HELP ADDRESS THEIR CURRENT CHALLENGES. IN 2022, BENS HOSTED TWO LARGE EVENTS, ONE OF WHICH WAS THE 40TH ANNIVERSARY GALA, AND NUMEROUS OTHER NATIONAL, INTERNATIONAL AND REGIONAL EVENTS.

    Expenses $3,414,538

  • PROJECT DEVELOPMENT AND IMPLEMENTATION: BENS WORK IS FOCUSED IN THREE MAJOR AREAS DESIGNED TO MEET THE NEEDS OF OUR NATIONAL SECURITY PARTNERS AND MOST EFFECTIVELY ADDRESS THE BUSINESS PRACTICE COMPONENTS OF THE MAJOR NATIONAL SECURITY CHALLENGES THE UNITED STATES FACES: (1) THE 21ST CENTURY NATIONAL SECURITY WORKFORCE, SINCE RECRUITING AND SUSTAINING A TALENTED WORKFORCE IS CRITICAL TO TACKLING 21ST CENTURY CHALLENGES, ESPECIALLY SAFEGUARDING NATIONAL AND HOMELAND SECURITY; (2) NATIONAL SECURITY STRATEGIC MODERNIZATION/ORGANIZATIONAL TRANSFORMATION, BECAUSE FOREIGN ADVERSARIES AND MALICIOUS ACTORS CONTINUOUSLY PROBE BOTH THE PUBLIC AND PRIVATE SECTOR INFRASTRUCTURES FOR VULNERABILITIES TO EXPLOIT AND THE FEDERAL GOVERNMENT HAS RECOGNIZED THAT PRIVATE SECTOR INVOLVEMENT AND ENGAGEMENT IS CRITICAL TO MEET THESE CHALLENGES; (3) DEFENSE REFORM, WHERE, AS THE PENTAGON SOUGHT TO OVERHAUL ITS BUSINESS OPERATIONS IN SEVERAL CRITICAL AREAS, BENS HAS BEEN WORKING WITH DOD BUSINESS REFORM LEADERS IN SOME OF THESE AREAS, INCLUDING TECHNOLOGY AND BUSINESS SYSTEMS REFORM.

    Expenses $3,263,223

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gerencser Mark J

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Benaroya Raphael

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.2

  • Bois Mary M

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.2

  • Bovin Denis A

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.2

  • Marks Ramon P

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.2

  • Mosler Bruce E

    CHAIRMAN EMERITUS

    Total calculated
    $0
    Hours/week
    0.2

  • Barron Patricia C

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Butler Calvin G

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Cole Samuel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Collins Christopher W

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Cox Jr Howard E

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Darnell Steven E

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Depinto Joseph M

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Dixon Donald R

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Dordal Pete Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Field Ezra S

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Finelli Francis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Germany Ballinty Rhonda

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Gilbert Gs Beckwith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Hacker Mark S

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Hankin Michael D

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Higgins Thomas J

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Hurley John K

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Kania Jr Edwin M

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Marcus Paul

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Monks Brian H

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Newman Mark S

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Nixon Gregory S

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Parker Stuart B

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Rogers Kristi M

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Shedlin Roger S

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Shenkman Mark R

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Shira James

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Smith Donald V

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Stephenson Thomas F

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Storch David P

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Bain Paul

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Bedula Lauren

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Driscoll John P

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Hersh Andrew B

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Kunkler William C

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Cosentino Tom

    COO

    Total calculated
    $260,006
    From this org
    $246,695
    From related orgs
    $0
    Other
    $13,311
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $233,555
    Bonus
    $13,140
    Other
    $0
    Deferred
    $9,868
    Nontaxable benefits
    $3,443
    Filer's total
    $260,006

  • Votel Joseph

    PRESIDENT & CEO (THROUGH 6/2023)

    Total calculated
    $599,295
    From this org
    $573,283
    From related orgs
    $0
    Other
    $26,012
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $533,083
    Bonus
    $40,200
    Other
    $0
    Deferred
    $22,931
    Nontaxable benefits
    $3,081
    Filer's total
    $599,295

  • Kinnamont Karen

    SVP FINANCE & ADMIN

    Total calculated
    $199,041
    From this org
    $166,333
    From related orgs
    $0
    Other
    $32,708
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,333
    Bonus
    $0
    Other
    $0
    Deferred
    $6,653
    Nontaxable benefits
    $26,055
    Filer's total
    $199,041

  • Ray Timothy

    PRESIDENT & CEO

    Total calculated
    $197,260
    From this org
    $187,500
    From related orgs
    $0
    Other
    $9,760
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,500
    Bonus
    $0
    Other
    $0
    Deferred
    $7,500
    Nontaxable benefits
    $2,260
    Filer's total
    $197,260

  • Kenning Katherine

    DIRECTOR FOR CALIFORNIA

    Total calculated
    $171,872
    From this org
    $147,033
    From related orgs
    $0
    Other
    $24,839
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,283
    Bonus
    $4,750
    Other
    $0
    Deferred
    $5,881
    Nontaxable benefits
    $18,958
    Filer's total
    $171,872

  • McCarthy Deborah

    SVP FOR MEMBERSHIP & STRAT

    Total calculated
    $258,806
    From this org
    $208,183
    From related orgs
    $0
    Other
    $50,623
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,183
    Bonus
    $8,000
    Other
    $0
    Deferred
    $8,327
    Nontaxable benefits
    $42,296
    Filer's total
    $258,806

  • McGrath Victoria

    DIRECTOR FOR THE NY METRO

    Total calculated
    $204,788
    From this org
    $161,865
    From related orgs
    $0
    Other
    $42,923
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,224
    Bonus
    $4,641
    Other
    $0
    Deferred
    $6,475
    Nontaxable benefits
    $36,448
    Filer's total
    $204,788

  • Moonis Genevieve

    SVP FOR MEMBERSHIP

    Total calculated
    $228,906
    From this org
    $179,433
    From related orgs
    $0
    Other
    $49,473
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,433
    Bonus
    $8,000
    Other
    $0
    Deferred
    $7,177
    Nontaxable benefits
    $42,296
    Filer's total
    $228,906

  • Giglio Jennifer

    VICE PRESIDENT

    Total calculated
    $169,318
    From this org
    $147,884
    From related orgs
    $0
    Other
    $21,434
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,684
    Bonus
    $7,200
    Other
    $0
    Deferred
    $5,915
    Nontaxable benefits
    $15,519
    Filer's total
    $169,318

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE CEO IS ALLOWED TO TRAVEL FIRST CLASS AND BRING HIS WIFE AS A COMPANION. CEO AND COO ARE OFFERED A COST OF LIVING ALLOWANCE TO KEEP AN APARTMENT IN WASHINGTON DC.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
3 May 2024
IRS schema version
2023v5.0
Source object
202421249349300537

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