Nonprofit · EIN 82-1443757
APPLIED RESEARCH INSTITUTE
Tax-exempt · BLOOMINGTON, IN 47407
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $76,880,879 | $68,231,647 | $8,649,232 | $47,128,624 | $30,881,691 | $16,246,933 |
| December 31, 2023 | 990 | $55,308,760 | $50,567,517 | $4,741,243 | $41,727,832 | $34,130,131 | $7,597,701 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $58,845,448
- of which government grants
- $58,645,448
- Program service revenue
- $16,675,019
- Investment income
- $1,360,412
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,953,506
- Other salaries and wages
- $4,438,235
- Salaries, compensation and benefits (total)
- $9,574,259
- Professional fundraising fees
- $0
- Legal fees
- $23,377
- Accounting fees
- $205,127
- Occupancy
- $192,520
- Travel
- $517,462
- Depreciation
- $106,210
- Program services (functional)
- $63,656,987
- Management and general (functional)
- $4,574,660
Balance sheet and other
- Total assets, start of year
- $41,727,832
- Total assets, end of year
- $47,128,624
- Total liabilities, end of year
- $30,881,691
- Net assets, end of year
- $16,246,933
- Land, buildings and equipment
- $740,191
- Net assets without donor restrictions
- $16,246,933
- Gross receipts
- $76,880,879
- Employees
- 69
- Volunteers
- 6
- Year formed
- 2017
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID ROBERTS | PRESIDENT & CEO Officer | 40 | $438,960 | $63,249 |
| WILLIAM KISER | EVP SCIENCE & TECHNOLOGY Key employee | 40 | $354,514 | $61,837 |
| JAMES COSTA | SVP, INNOVATION & SEMICONDUCTOR Highest-paid employee | 40 | $314,836 | $56,574 |
| ANDREW KOSSACK | EVP PARTNERSHIPS & GENERAL Key employee | 40 | $300,367 | $57,069 |
| LESLIE WOLFE | EVP FINANCE & OPERATIONS - CFO Key employee | 40 | $311,817 | $41,339 |
| BRETT HAMILTON | SVP, MICROELECTRONICS & AT Highest-paid employee | 40 | $315,340 | $35,446 |
| ELIZABETH PYNE | EVP INNOVATION & STRATEGY Key employee | 40 | $291,333 | $33,021 |
| LESLIE ALEXANDER | VP ENERGY STORAGE TECHNOLOGIES Highest-paid employee | 40 | $250,000 | $52,719 |
| PATRICK HOLMES | SVP INTELLECTUAL PROPERTY Highest-paid employee | 40 | $250,000 | $40,559 |
| ROSA JOHNSON | DIRECTOR, CONTRACTS Highest-paid employee | 40 | $209,656 | $32,782 |
| MUNG CHIANG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SUE ELLSPERMANN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TINA PETERSON | BOARD MEMBER, FINANCE/AUDIT COMMITTEE Trustee or director | 1 | $0 | $0 |
| JOHN THOMPSON | BOARD MEMBER, FINANCE/AUDIT COMMITTEE Trustee or director | 1 | $0 | $0 |
| DR PAMELA WHITTEN | BOARD MEMBER, FINANCE/AUDIT COMMITTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID ROBERTS | CEO Officer | 40 | $301,808 | $58,623 |
| WILLIAM KISER | EVP SCIENCE & TECHNOLOGY Key employee | 40 | $290,824 | $57,577 |
| JAMES COSTA | SVP, INNOVATION &SEMICONDUCTOR STRATEGY Highest-paid employee | 40 | $263,542 | $49,533 |
| BRETT HAMILTON | SVP, MICROELECTRONICS & ATS Highest-paid employee | 40 | $268,715 | $40,956 |
| LESLIE WOLFE | EVP FINANCE & OPERATIONS Key employee | 40 | $249,247 | $35,788 |
| ELIZABETH PYNE | EVP INNOVATION & STRATEGY Key employee | 40 | $247,000 | $27,738 |
| ANDREW KOSSACK | EVP PARTNERSHIPS & GENERAL COUNSEL Key employee | 40 | $213,366 | $42,291 |
| ROSA JOHNSON | DIRECTOR, CONTRACTS Highest-paid employee | 40 | $201,540 | $30,002 |
| FIANNA LITVOK | DIRECTOR, COMMUNICATIONS Highest-paid employee | 40 | $190,843 | $15,536 |
| ADAM EICHELBERGER | CORPORATE COUNSEL & PM Highest-paid employee | 40 | $164,005 | $42,143 |
| MUNG CHIANG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANN LATHROP | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TINA PETERSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN THOMPSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DR PAMELA WHITTEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KYLE WERNER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 5097, BLOOMINGTON, IN 47407-5097
- In care of
- % LESLIE WOLFE
- Mailing address (990-N for 2018)
- 111 Monument Circle Sute 1800, Indianapolis IN 46204
- Principal officer (990 for 2024)
- LESLIE WOLFE, PO BOX 5097, BLOOMINGTON, IN 47407
- Principal officer (990-N for 2018)
- Victor E Renuart, 111 Monument Circle Suite 1800, Indianapolis IN 46204
- Signed the 990
- LESLIE WOLFE, EVP OF FINANCE AND OPERATIONS
- Phone
- (812) 758-4338
- Website
- www.in3indiana.com
- Return prepared by
- KSM BUSINESS SERVICES INC
Mission
ARI WAS FORMED TO CONDUCT RESEARCH AND FOSTER REGIONAL COLLABORATION AMONG INDIANA'S RESEARCH UNIVERSITIES; LOCAL, STATE, AND FEDERAL GOVERNMENT ENTITIES; AND THE PHILANTHROPIC AND CORPORATE SECTORS IN CONNECTION WITH CHARITABLE, EDUCATIONAL, AND OTHER EXEMPT PROGRAMS INVOLVING MULTI-SPECTRAL SENSOR DATA FUSION AND SECURITY (CYBER), HIGH DENSITY ENERGY STORAGE AND MANAGEMENT, ADVANCED MATERIALS SCIENCE, AND MICROELECTRONICS TECHNOLOGY AND SECURITY, AS WELL AS OTHER TECHNOLOGICAL AND SCIENTIFIC AREAS THAT ALIGN WITH THE CAPABILITIES AND MISSION OF THE ORGANIZATION.
Program accomplishments
- THE ME COMMONS PROGRAM IS INTENDED TO DEVELOP AND IMPLEMENT MIDWEST STRATEGY TO ONSHORE MICROELECTRONICS CAPABILITIES, GENERATE JOBS, DRIVE INNOVATION AND PROTOTYPE DEVELOPMENT.Expenses $33,738,203
- THE IEDC PORTFOLIO INCLUDES PROJECTS INTENDED TO PURSUE LARGE-SCALE OPPORTUNITIES FOR THE INDIANA ECOSYSTEMS IN VARIOUS TECHNICAL AREAS; A PROJECT THAT PROMOTES DEVELOPMENT OF TECHNOLOGY TO PROMOTE ECONOMIC DEVELOPMENT AND TEAMING BETWEEN UNIVERSITIES/NON-PROFITS AND THE TECH SECTOR; AND A PROJECT TO OPERATE A TRUSTED TECH ACCELERATOR, TECH DIPLOMACY FELLOWSHIP, AND TRAIN AND EDUCATE THE INDIANA TALENT AND WORKFORCE.Expenses $9,548,548 · revenue $80,000
- THE DAPRA PIA PROGRAM IS INTENDED TO PROMOTE COOPERATIVE ACTIVITIES BETWEEN DARPA AND SMALL BUSINESS FIRMS AND EDUCATIONAL INSTITUTIONS SERVED BY ARI. THE SERVICES PROVIDED BY ARI ARE INTENDED TO ASSIST DARPA SUCCEED WITHIN AN INNOVATION ECOSYSTEM THAT INCLUDES ACADEMIC, CORPORATE, AND GOVERNMENTAL PARTERNS, WITH A CONSTANT FOCUS ON NATIONAL SECURITY CHALLENGES.Expenses $3,182,849
- APPLIED RESEARCH INSTITUTE PERFORMS APPLIED RESEARCH AND SUPPORTED RELATED TECHNICAL ACTIVITIES IN THE AREAS OF TRUSTED MICROELECTRONICS, HYPERSONIC, AND CYBER-PHYSICAL SYSTEMS. TO ACCOMPLISH THIS, ARI HAS ESTABILSHED A BROAD NETWORK OF GOVERNMENT, ACADEMIC, AND INDUSTRY PARTNERS TO FIND SOLUTIONS TO SOME OF THE DIFFICULT THREATS CURRENTLY IMPACTING OUR NATIONAL SECURITY. OUR WORK RANGES FROM APPLIED RESEARCH AND DEVELOPMENT, "CONVENE" ACTIVITIES TO BRING TOGETHER DISPARATE GROUPS TO MEET SINGULAR GOAL RELATED TO OUR TECHNICAL MISSION, AND TO OTHER ACTIVITIES THAT SUPPORT OUR NATION AND ITS WARFIGHTERS.Expenses $17,187,387 · revenue $16,595,019
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 82-1443757
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $47,128,624
- Income (IRS master file)
- $76,880,879
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $76,880,879 | $68,231,647 | $47,128,624 | XML |
| 990 | December 2023 | $55,308,760 | $50,567,517 | $41,727,832 | XML |
| 990 | December 2022 | $30,438,388 | $29,551,415 | $11,042,297 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2018 Officer: Victor E Renuart | December 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
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 82-1443757).
Questions about APPLIED RESEARCH INSTITUTE
- What is the EIN of APPLIED RESEARCH INSTITUTE?
- The employer identification number (EIN) of APPLIED RESEARCH INSTITUTE is 82-1443757.
- Is APPLIED RESEARCH INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to APPLIED RESEARCH INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does APPLIED RESEARCH INSTITUTE 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 APPLIED RESEARCH INSTITUTE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did APPLIED RESEARCH INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of APPLIED RESEARCH INSTITUTE?
- The 990 for the year ended December 31, 2024 names LESLIE WOLFE.
- Who are the officers and directors of APPLIED RESEARCH INSTITUTE?
- The 990 for the year ended December 31, 2024 lists 15 people; 10 received compensation from the organization, the highest $438,960 (DAVID ROBERTS, PRESIDENT & CEO).
- How much revenue does APPLIED RESEARCH INSTITUTE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $76,880,879, expenses of $68,231,647 and total assets of $47,128,624 at year end.
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