The Henry L Stimson Center

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See part III, line 1.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 52-1640938) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Run by 53 volunteers and 90 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $663K a year · 5% of revenue · last 5 filings
A surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
84% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.7M
to officers and key staff · 12% of spending
Pay to officers and key staff is 12% of spending.
Part VII, Section A
2.4 mo
of spending, in cash
2.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $35K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$7.4M
49% of total assets
Liabilities are 49% of assets.
Pt X · Ln 26
Independent board members
28
of 28 voting members
28 of 28 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$14.9M
+14% vs prior year
Spent
$13.7M
To programs
84%
Net assets
$7.7M
By yearFY2020–FY2024
Revenue
$14.9M
FY2024▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2020$8.4M
FY2021$13.5M
FY2022$12.7M
FY2023$13.0M
FY2024$14.9M
Expenses
$13.7M
FY2024▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$9.9M
FY2021$10.7M
FY2022$11.8M
FY2023$13.0M
FY2024$13.7M
Net assets
$7.7M
FY2024▲ +18%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.8M
FY2021$5.6M
FY2022$6.4M
FY2023$6.5M
FY2024$7.7M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1989.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $11.6M Management & general 15% · $2.0M Fundraising 1% · $146K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

36 people listed on the 990; $1.7M paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
President & CEO
$398,606Pt VII · Sec A
Senior VP of Research Programs
$225,865Pt VII · Sec A
Senior Fellow & Director
$193,859Pt VII · Sec A
Senior Fellow & Director
$185,019Pt VII · Sec A
Senior Fellow & Director
$176,811Pt VII · Sec A
VP of Finance & Operations
$174,613Pt VII · Sec A
Senior Fellow & Director
$171,890Pt VII · Sec A
Senior Fellow & Director
$162,813Pt VII · Sec A

Brian Finlay’s $399K as President & CEO is at the 78th percentile of top reported officer pay among 345 $10–100M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Brian Finlay$398,606$379,097$363,000$334,209$253,123
Rachel Stohl$225,865$204,607$200,000$169,160$157,427
Chris Preble$193,859————
Yun Sun$185,019$170,262$162,000——
Christopher Preble—$184,509———
Elizabeth Threlkeld$176,811$154,839$162,000——
Vibha Bhatia$174,613$24,165———
Sally Yozell$171,890$162,161—$152,982$152,090

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Henry L Stimson Center executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Researches global security challenges, promoting policies and institutions that strengthen peace, human rights, and civilian protection.

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3 programs · $9.6M · in their own filed words · FY2024
01

Grand Strategy in Pivotal Places

Focuses on the key players in global peace, security, and great power competition. Programmatic work examines how political, economic, and security dynamics in areas like the indo-pacific, latin america, the middle east, and north africa shape international stability.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 52-1640938) · Dispute this line
$5.0Mprogram expense
02

Promoting Security and Prosperity

Examines how conventional and emerging technologies, economic statecraft, and shifting global power dynamics shape international security and foreign policy. Programmatic work spans critical issues like export controls, the international arms trade, supply chain security, digital governance, and the geopolitical implications of advanced…

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 52-1640938) · Dispute this line
$3.2Mprogram expense
03

Protecting People

Explores how governance, human rights, and inclusive institutions can underpin peace and stability. Programmatic work examines challenges such as conflict, peacekeeping, and the protection of civilians in crisis settings, as well as the multilateral and regional institutions and mechanisms developed to address those challenges.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 52-1640938) · Dispute this line
$1.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$35K
Grants paid · 9 grants · $691K · 2021–2023
Charney Research LLCFY2023$106,652
American UniversityDC · FY2023$65,360
Eyes on Earth INCFY2023$40,255
Energy Peace PartnersCA · FY2023$30,000
American UniversityDC · FY2022$113,047
Eyes on Earth INCFY2022$106,629
American UniversityDC · FY2021$139,988
Eyes on Earth INCFY2021$36,152

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Dec 2025 · $2.2M federal money spent
Nonproliferation and Arms ControlDepartment of Energy · ALN 81.505 · Direct$1.0M
East Asia and Pacific Grants ProgramDepartment of State · ALN 19.124 · Direct$454K
Bureau of South and Central Asian AffairsDepartment of State · ALN 19.108 · Direct$378K
Defense Nuclear Nonproliferation ResearchDepartment of Energy · ALN 81.113 · Direct$293K
Global Peace Operations InitiativeDepartment of State · ALN 19.026 · Direct$16K

Plus 1 smaller program.

The auditor reported no findings.

Year ending Dec 2024 · $1.5M federal money spent
Defense Nuclear Nonproliferation ResearchDepartment of Energy · ALN 81.113 · Direct$482K
East Asia and Pacific Grants ProgramDepartment of State · ALN 19.124 · Direct$472K
International Programs to Support Democracy, Human Rights and LaborDepartment of State · ALN 19.345 · Direct$183K
Global Peace Operations InitiativeDepartment of State · ALN 19.026 · Direct$98K
Public Diplomacy ProgramsDepartment of State · ALN 19.040 · Direct$90K

Plus 4 smaller programs.

The auditor reported no findings.

Year ending Dec 2023 · $1.2M federal money spent
East Asia and Pacific Grants ProgramDepartment of State · ALN 19.124 · Direct$515K
International Programs to Support Democracy, Human Rights and LaborDepartment of State · ALN 19.345 · Direct$225K
Export Control and Related Border SecurityDepartment of State · ALN 19.901 · Direct$141K
Environmental and Scientific Partnerships and ProgramsDepartment of State · ALN 19.017 · Direct$137K
Usaid Foreign Assistance for Programs OverseasU.S. Agency for International Development · ALN 98.001 · Through The Asia Foundation$76K

Plus 2 smaller programs.

The auditor reported 17 findings: a weakness in money controls.

Year ending Dec 2022 · $803K federal money spent
East Asia and Pacific Grants ProgramDepartment of State · ALN 19.124 · Direct$449K
International Programs to Support Democracy, Human Rights and LaborDepartment of State · ALN 19.345 · Direct$245K
Usaid Foreign Assistance for Programs OverseasU.S. Agency for International Development · ALN 98.001 · Through The Asia Foundation$91K
Export Control and Related Border SecurityDepartment of State · ALN 19.901 · Direct$12K
Global Peace Operations InitiativeDepartment of State · ALN 19.026 · Direct$6K

The auditor reported 1 finding: a weakness in money controls.

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$14.9M
Ln 12
Gifts and grantsLn 1h$11.6M
Fees for servicesLn 2g$3.1M
Investment incomeLn 3$80K
Money outPt IX
$13.7M
Ln 25
Programscol B$11.6M
Managementcol C$2.0M
Fundraisingcol D$146K
Owns and owesPt X
$7.7M
net assets · Ln 32
Cash and savingsLn 1–2$2.7M
Total assetsLn 16$15.0M
LiabilitiesLn 26$7.4M
PeoplePt VI, VII
36
listed · VII A
PaidVII A8
Voting boardVI 1a28
IndependentVI 1b28
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$11.6M
Government grantsLn 1e$5.3M
Noncash giftsLn 1g$3K
Fees for servicesLn 2g$3.1M
Investment incomeLn 3$80K
Other incomeLn 4–11$67K
Total revenueLn 12$14.9M
Assets in detailPt X, end of year
CashLn 1$2.6M
SavingsLn 2$111K
Cash and savings togetherLn 1–2$2.7M
Pledges and grants receivableLn 3$4.1M
Accounts receivableLn 4$781K
Prepaid expenses and deferred chargesLn 9$31K
Land, buildings, equipmentLn 10c$112K
InvestmentsLn 11–13$1.5M
Other assetsLn 15$5.8M
Total assetsLn 16$15.0M
LiabilitiesLn 26$7.4M
Net assetsLn 32$7.7M
OperationsPt I, VI
EmployeesI 590
VolunteersI 653
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Grants to other countriesSch F Pt II–III$8K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$3.4M$2.7M
InvestmentsLn 11–13$1.3M$1.5M
Land, buildings, equipmentLn 10c$132K$112K
Total assetsLn 16$14.7M$15.0M
LiabilitiesLn 26$8.2M$7.4M
Net assetsLn 32$6.5M$7.7M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$65K$65K
Grants and assistance to foreign recipientsLn 3$8K$8K
Pay of officers and key staff (Part IX, line 5)Ln 5$887K$454K$411K$22K
Other salaries and wagesLn 7$5.3M$4.7M$600K$60K
Pension plan contributionsLn 8$267K$232K$32K$3K
Other employee benefitsLn 9$1.7M$1.5M$267K$22K
Payroll taxesLn 10$570K$471K$92K$7K
Legal feesLn 11b$17K$16K$1K$148
Accounting feesLn 11c$93K$46K$47K$165
Investment management feesLn 11f$14K$14K
Other fees for servicesLn 11g$1.2M$1.1M$60K
Advertising and promotionLn 12$72K$65K$7K
Office expensesLn 13$129K$87K$35K$8K
Information technologyLn 14$386K$290K$90K$6K
OccupancyLn 16$1.0M$757K$266K$10K
TravelLn 17$1.1M$1.1M$3K$2K
Conferences, conventions and meetingsLn 19$285K$251K$32K$2K
InterestLn 20$2K$1K$308$124
Depreciation, depletion and amortizationLn 22$38K$28K$8K$1K
InsuranceLn 23$45K$37K$7K$502
Other expenses (24a–d)Ln 24$428K$377K$51K$418
All other expensesLn 24e$44K$25K$19K$246
Total functional expensesLn 25$13.7M$11.6M$2.0M$146K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 12, 2025 $14.9M$13.7M$1.1M$7.7M 990 PDF
FY2023Filed with the IRS Nov 4, 2024 $13.0M$13.0M$21K$6.5M 990 PDF
FY2022Filed with the IRS Oct 30, 2023 $12.7M$11.8M$884K$6.4M 990 PDF
FY2021Filed with the IRS Nov 14, 2022 $13.5M$10.7M$2.8M$5.6M 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $8.4M$9.9M−$1.5M$2.8M 990 PDF

Schedules filed Part IV

A · Public support I · Grants J · Pay O · Explanations
See the full FY2024 990
Part I · Summary $14,861,548 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $9,143,945$11,589,970
I-9 Program service revenuePrior year $3,752,363$3,124,814
I-10 Investment incomePrior year $30,136$79,802
I-11 Other revenuePrior year $69,724$66,962
I-12 Total revenuePrior year $12,996,168$14,861,548
I-13 Grants and similar amounts paidPrior year $375,350$72,924
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $7,617,411$8,782,919
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,982,748$4,887,163
I-18 Total expensesPrior year $12,975,509$13,743,006
I-19 Revenue less expensesPrior year $20,659$1,118,542
Part VI · Governance 28 of 28 board members independent, 1 to look at
VI-1a Voting members of the governing body28
VI-1b Independent voting members28
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $14,861,548 across 10 lines filed
VIII-1e Government grants$5,297,970
VIII-1f All other contributions, gifts and grants$6,292,000
VIII-1g Noncash contributions (included above)$3,097
VIII-1h Total contributions, gifts and grants$11,589,970
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,124,814$3,124,814
VIII-3 Investment incomeExcluded from tax $79,802$79,802
VIII-5 RoyaltiesExcluded from tax $1,747$1,747
VIII-6 Net rental income or lossExcluded from tax $14,657$14,657
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $50,558$50,558
VIII-12 Total revenueRelated to mission $3,124,814 · Unrelated business $0 · Excluded from tax $146,764$14,861,548
Part IX · Statement of functional expenses $13,743,006 across 22 lines filed
IX-1 Grants to domestic organizationsPrograms $65,004$65,004
IX-3 Grants and assistance to foreign recipientsPrograms $7,920$7,920
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $453,654 · Management $411,498 · Fundraising $22,033$887,185
IX-7 Other salaries and wagesPrograms $4,656,018 · Management $600,082 · Fundraising $59,991$5,316,091
IX-8 Pension plan contributionsPrograms $232,019 · Management $32,206 · Fundraising $3,126$267,351
IX-9 Other employee benefitsPrograms $1,453,344 · Management $266,802 · Fundraising $22,103$1,742,249
IX-10 Payroll taxesPrograms $470,787 · Management $91,828 · Fundraising $7,428$570,043
IX-11b Legal feesPrograms $15,923 · Management $1,228 · Fundraising $148$17,299
IX-11c Accounting feesPrograms $45,906 · Management $46,558 · Fundraising $165$92,629
IX-11f Investment management feesManagement $14,169$14,169
IX-11g Other fees for servicesPrograms $1,140,314 · Management $59,570$1,199,884
IX-12 Advertising and promotionPrograms $65,300 · Management $6,760$72,060
IX-13 Office expensesPrograms $87,019 · Management $34,530 · Fundraising $7,713$129,262
IX-14 Information technologyPrograms $289,982 · Management $90,344 · Fundraising $5,881$386,207
IX-16 OccupancyPrograms $756,733 · Management $266,140 · Fundraising $10,246$1,033,119
IX-17 TravelPrograms $1,096,533 · Management $2,510 · Fundraising $2,314$1,101,357
IX-19 Conferences, conventions and meetingsPrograms $251,110 · Management $31,641 · Fundraising $1,983$284,734
IX-20 InterestPrograms $1,362 · Management $308 · Fundraising $124$1,794
IX-22 Depreciation, depletion and amortizationPrograms $28,250 · Management $8,455 · Fundraising $1,124$37,829
IX-23 InsurancePrograms $37,038 · Management $7,090 · Fundraising $502$44,630
IX-24 Other expenses (24a–d)Programs $376,776 · Management $50,892 · Fundraising $418$428,086
IX-24e All other expensesPrograms $25,120 · Management $18,738 · Fundraising $246$44,104
IX-25 Total functional expensesPrograms $11,556,112 · Management $2,041,349 · Fundraising $145,545$13,743,006
Part X · Balance sheet $15,033,631 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $3,268,068$2,600,597
X-2 Savings and temporary cash investmentsStart of year $153,530$110,590
X-3 Pledges and grants receivableStart of year $2,157,651$4,064,757
X-4 Accounts receivableStart of year $1,135,074$781,115
X-9 Prepaid expenses and deferred chargesStart of year $30,731$31,052
X-10c Land, buildings and equipment, netStart of year $131,995$111,926
X-11 Publicly traded securitiesStart of year $1,325,408$1,535,676
X-15 Other assetsStart of year $6,527,444$5,797,918
X-16 Total assetsStart of year $14,729,901$15,033,631
X-17 Accounts payable and accrued expensesStart of year $511,248$506,049
X-19 Deferred revenueStart of year $12,700$49,332
X-25 Other liabilitiesStart of year $7,675,475$6,804,547
X-26 Total liabilitiesStart of year $8,199,423$7,359,928
X-27 Net assets without donor restrictionsStart of year $698,491$1,152,612
X-28 Net assets with donor restrictionsStart of year $5,831,987$6,521,091
X-32 Total net assets or fund balancesStart of year $6,530,478$7,673,703
X-33 Total liabilities and net assetsStart of year $14,729,901$15,033,631
Part XI · Reconciliation of net assets $7,673,703 net assets at year end
XI-1 Total revenue$14,861,548
XI-2 Total expenses$13,743,006
XI-3 Revenue less expenses$1,118,542
XI-4 Net assets at start of year$6,530,478
XI-5 Net unrealized gains (losses) on investments$24,683
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,673,703

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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