Public Charity

APPLIED RESEARCH INSTITUTE INC

APPLIED RESEARCH INSTITUTE INC is a nonprofit organization categorized as Public Charity based in BLOOMINGTON, IN. Its most recent IRS filing (2024) reports revenue of $76.9M, expenses of $68.2M, total assets of $47.1M. Imperigo tracks 2 reported grant relationships connected to this organization totaling approximately $70K.

EIN: 821443757 BLOOMINGTON, IN Economic Development NTEE: S30 Latest filing: 2024
Total Revenue$76.9M
Total Expenses$68.2M
Total Assets$47.1M
Grant Records2
Funding Total$70K
Filing Years2020–2024

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.

Where $100 goes at Applied Research Institute Inc

How Applied Research Institute Inc divides every $100 it spends, from its own Form 990 filings, averaged across 4 years.

$94 Programs the work itself
$6 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $94 for programs

$50
The me commons program is intended to develop and implement midwest strategy to onshore microelectronics capabilities, generate jobs, drive innovation and prototype development
53% of program spending
$25
Applied Research Institute performs applied research and supported related technical activities in the areas of trusted microelectronics, hypersonic, and cyber-physical systems
27% of program spending
$14
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…
15% of program spending

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

EVP PARTNERSHIPS & GENERAL Andrew Kossack
SVP, MICROELECTRONICS & AT Brett Hamilton
PRESIDENT & CEO David Roberts
BOARD MEMBER, FINANCE/AUDIT COMMITTEE Dr Pamela Whitten
EVP INNOVATION & STRATEGY Elizabeth Pyne
SVP, INNOVATION & SEMICONDUCTOR James Costa

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$70,000 2 grants

Financial Trends

Year Revenue Expenses Assets
2024 $76.9M $68.2M $47.1M
2023 $55.3M $50.6M $41.7M
2022 $30.4M $29.6M $11.0M
2020 $4.4M $4.1M $779K

Between 2020 and 2024, reported annual revenue grew from $4.4M to $76.9M (+1654%), with total assets most recently reported at $47.1M.

Interactive year-over-year charts and full filing details available with membership.

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