Nonprofit · EIN 35-1990726
INDIANA UNIVERSITY RESEARCH & TECHNOLOGY CORP
Tax-exempt · BLOOMINGTON, IN 47404
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $871,095 | $1,194,456 | -$323,361 | $16,815,995 | $503,347 | $16,312,648 |
| June 30, 2024 | 990 | -$921,418 | $1,536,755 | -$2,458,173 | $17,325,932 | $567,896 | $16,758,036 |
| June 30, 2023 | 990 | $414,038 | $1,722,761 | -$1,308,723 | $20,053,172 | $554,385 | $19,498,787 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $144,134
- of which government grants
- $22,965
- Membership dues
- $46,625
- Program service revenue
- $990,050
- Investment income
- -$544,474
- Net gain from sales of assets
- -$835,464
- Other revenue
- $281,385
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $436,833
- Other salaries and wages
- $176,804
- Salaries, compensation and benefits (total)
- $755,246
- Professional fundraising fees
- $0
- Legal fees
- $61,761
- Accounting fees
- $43,050
- Travel
- $87,856
- Program services (functional)
- $973,522
- Management and general (functional)
- $220,934
Balance sheet and other
- Total assets, start of year
- $17,325,932
- Total assets, end of year
- $16,815,995
- Total liabilities, end of year
- $503,347
- Net assets, end of year
- $16,312,648
- Net assets without donor restrictions
- $16,312,648
- Gross unrelated business income
- $101,314
- Gross receipts
- $1,722,356
- Employees
- 6
- Volunteers
- 9
- Year formed
- 1996
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Russel J Mumper | Member Trustee or director | 1 | $0 | $471,433 | $75,546 |
| Anthony Armstrong | President And CEO Trustee or director, Officer | 40 | $0 | $289,841 | $60,264 |
| Jason Whitney | CIO Highest-paid employee | 40 | $204,356 | $0 | $53,631 |
| Jonathan Barada | VP of Engagement Highest-paid employee | 40 | $204,067 | $0 | $32,829 |
| Theodore Widlanski | Member Trustee or director | 1 | $0 | $179,585 | $35,064 |
| Michael Burton | CFO Highest-paid employee | 40 | $160,207 | $0 | $39,729 |
| Bill Stephan | Chairman Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Charles Schalliol | Member Trustee or director | 1 | $0 | $0 | $0 |
| Elizabeth Hagerman | Member Trustee or director | 1 | $0 | $0 | $0 |
| Gregg Summerville | Member Trustee or director | 1 | $0 | $0 | $0 |
| Joyce Rogers | Member Trustee or director | 1 | $0 | $0 | $0 |
| Kathy Fields | Member Trustee or director | 1 | $0 | $0 | $0 |
| Mark Kelley | Member Trustee or director | 1 | $0 | $0 | $0 |
| Ravi Bhatt | Member Trustee or director | 1 | $0 | $0 | $0 |
| Tina Peterson | Member Trustee or director | 1 | $0 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ting Gootee | Member Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ANTHONY ARMSTRONG | PRESIDENT AND CEO Trustee or director, Officer | 40 | $0 | $283,927 | $59,904 |
| RUSSEL MUMPER | MEMBER Trustee or director | 1 | $0 | $252,626 | $36,548 |
| JASON WHITNEY | CIO Highest-paid employee | 40 | $195,773 | $0 | $51,687 |
| JONATHAN BARADA | VP OF ENGAGEMENT Highest-paid employee | 40 | $195,563 | $0 | $31,507 |
| THEODORE WIDLANSKI | MEMBER Trustee or director | 1 | $0 | $173,439 | $38,540 |
| MICHAEL BURTON | CFO Highest-paid employee | 40 | $153,478 | $0 | $38,332 |
| TINA PETERSON | MEMBER Trustee or director | 1 | $0 | $0 | $540 |
| RAVI BHATT | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| TING GOOTEE | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CHARLES SCHALLIOL | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| GREGG SUMMERVILLE | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BILL STEPHAN | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KATHY FIELDS | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOYCE ROGERS | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BILL STEPHAN | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $394,134 | $50,127 |
| ANTHONY ARMSTRONG | PRESIDENT AND CEO Trustee or director, Officer | 40 | $0 | $267,811 | $57,140 |
| TERI WILLEY | EXECUTIVE DIRECTOR Officer | 40 | $222,471 | $0 | $39,061 |
| JASON WHITNEY | VP OF VENTURE DEVELOPMENT Highest-paid employee | 40 | $186,989 | $0 | $49,687 |
| JONATHAN BARADA | VP OF ENGAGEMENT Highest-paid employee | 40 | $187,508 | $0 | $30,225 |
| THEODORE WIDLANSKI | MEMBER Trustee or director | 1 | $0 | $169,030 | $38,026 |
| MICHAEL BURTON | CFO Highest-paid employee | 40 | $147,115 | $0 | $36,926 |
| JAMES FIELDING | EIR MANAGEMENT Highest-paid employee | 40 | $123,239 | $0 | $23,932 |
| HARRY GONSO | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| TING GOOTEE | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CHARLES SCHALLIOL | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| GREGG SUMMERVILLE | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 642 N MADISON STREET 113, BLOOMINGTON, IN 47404-4095
- Principal officer (990 for 2024)
- Anthony T Armstrong, 642 N Madison Street 113, Bloomington, IN 47404
- Signed the 990
- Anthony T Armstrong, President and CEO
- Phone
- (317) 278-1911
- Website
- www.iuventures.com
- Return prepared by
- Barnes Dennig & Co LTD
Mission
The Indiana University Research and Technology Corporation (IURTC) serves Indiana university, the state of Indiana, and the nation through creation and application of the university developed technologies and services, and the expanded linkage of the private sector to the university.
Program accomplishments
- INVESTMENTS - The IURTC manages the business and investments under the Indiana Philanthropic Venture Fund (IPVF) as well as Innovate Indiana Fund I, LLC (IIF) regarding planning, operations, and investments. Both IPVF and IIF are established to acquire, hold, dispose, and manage investments in life science and technology companies. An investment committee is utilized to assist with investment decisions.Expenses $570,635 · revenue $990,050
- STUDENT ENGAGEMENT - The STUDENT ENGAGEMENT program is established to fully realize the benefits of University innovations through start-up company formation and support.Expenses $402,887
- Angel network - created in fiscal year 2019, the IURTC engages with high net worth individuals through this membership network and facilitates connections for startup companies with prospective investors. The angel network continues the IURTC and the university's mission of fostering a pervasive entrepreneurial culture that contributes to the prosperity of the state of Indiana, the nation, and the world.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 35-1990726
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1997
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $16,815,995
- Income (IRS master file)
- $1,722,356
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $871,095 | $1,194,456 | $16,815,995 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | -$921,418 | $1,536,755 | $17,325,932 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $414,038 | $1,722,761 | $20,053,172 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $5,196,911 | $1,586,736 | $21,292,100 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-1990726).
Questions about INDIANA UNIVERSITY RESEARCH & TECHNOLOGY CORP
- What is the EIN of INDIANA UNIVERSITY RESEARCH & TECHNOLOGY CORP?
- The employer identification number (EIN) of INDIANA UNIVERSITY RESEARCH & TECHNOLOGY CORP is 35-1990726.
- Is INDIANA UNIVERSITY RESEARCH & TECHNOLOGY CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to INDIANA UNIVERSITY RESEARCH & TECHNOLOGY CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does INDIANA UNIVERSITY RESEARCH & TECHNOLOGY CORP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INDIANA UNIVERSITY RESEARCH & TECHNOLOGY CORP due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INDIANA UNIVERSITY RESEARCH & TECHNOLOGY CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of INDIANA UNIVERSITY RESEARCH & TECHNOLOGY CORP?
- The 990 for the year ended June 30, 2025 names Anthony T Armstrong.
- Who are the officers and directors of INDIANA UNIVERSITY RESEARCH & TECHNOLOGY CORP?
- The 990 for the year ended June 30, 2025 lists 16 people; 3 received compensation from the organization.
- How much revenue does INDIANA UNIVERSITY RESEARCH & TECHNOLOGY CORP have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $871,095, expenses of $1,194,456 and total assets of $16,815,995 at year end.
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