Applied Research Institute
93% goes to programs $0 to raise $100 Growing revenue
Applied Research Institute is a 501(c)(3) organization based in Bloomington, Indiana, registered in 2017, with $76,880,879 in FY2024 revenue. CharityIndex grades it A, and it directs about 93% of spending to programs.
Po Box 5097, Bloomington, IN, 47407 EIN 82-1443757 Since 2017
Revenue (FY2024)
$76.9M
▲ 39.0% vs prior year
Community median: $184K
Expenses (FY2024)
$68.2M
Net assets
$16.2M
Employees
69
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating93% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Applied Research Institute: 93% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
BFinancial health25% of the rating3 mo reserves · +11% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Applied Research Institute: 3 mo reserves · +11% margin earns a B on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Applied Research Institute: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Applied Research Institute: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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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 mutli-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.
What they do
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.
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.
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.
Contact & location
- Address
- Po Box 5097, Bloomington, IN, 47407
- City
- Bloomington
- State
- Indiana
- Subcategory
- Economic Development
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $4.4M (FY2020) to $76.9M (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $30.9MNet assets $16.2M
Operating margin
11.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$47.1M
Total liabilities
$30.9M
Net assets
$16.2M
Salaries & benefits
$9.6M
14% of expenses
Board members
5
5 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $76,880,879▲39.0% | $68,231,647▲34.9% | $16,246,933▲114% | $47,128,624▲12.9% | 990 |
| 2023 | $55,308,760▲81.7% | $50,567,517▲71.1% | $7,597,701▲166% | $41,727,832▲278% | 990 |
| 2022 | $30,438,388▲235% | $29,551,415▲291% | $2,856,458▲45.0% | $11,042,297▲232% | 990 |
| 2021 | $9,074,163▲107% | $7,556,576▲86.0% | $1,969,485▲336% | $3,329,526▲327% | 990 |
| 2020 | $4,382,204 | $4,062,553 | $451,898 | $779,321 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: David Roberts — $438,960 (0.64% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| David Roberts | President & Ceo | 40 | $438,960 |
| William Kiser | Evp Science & Technology | 40 | $354,514 |
| Brett Hamilton | Svp, Microelectronics & At | 40 | $315,340 |
| James Costa | Svp, Innovation & Semiconductor | 40 | $314,836 |
| Leslie Wolfe | Evp Finance & Operations - Cfo | 40 | $311,817 |
| Andrew Kossack | Evp Partnerships & General | 40 | $300,367 |
| Elizabeth Pyne | Evp Innovation & Strategy | 40 | $291,333 |
| Leslie Alexander | Vp Energy Storage Technologies | 40 | $250,000 |
| Patrick Holmes | Svp Intellectual Property | 40 | $250,000 |
| Rosa Johnson | Director, Contracts | 40 | $209,656 |
| Dr Pamela Whitten | Board Member, Finance/audit Committee | 1 | — |
| John Thompson | Board Member, Finance/audit Committee | 1 | — |
| Mung Chiang | Board Member | 1 | — |
| Sue Ellspermann | Board Member | 1 | — |
| Tina Peterson | Board Member, Finance/audit Committee | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Cadence Design System Inc | Electronic Design Automation Software | $2,043,000 |
| Bdm Consulting LLC | Consulting Services | $1,794,288 |
| Strongbox Commercial LLC | Construction and Development | $633,319 |
| Ninetwelve Institute | Consulting Services | $592,785 |
| Public Spend Forum | Consulting Services | $494,760 |
Grants received · $35K total
1 grant to Applied Research Institute totaling $35K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Online Giving Foundation Inc | General support | 2024 | $35,000 |
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Compare Applied Research Institute
Frequently asked questions
- Is Applied Research Institute a legitimate nonprofit?
- Yes. Applied Research Institute is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 82-1443757, based in Bloomington, Indiana. Donations are tax-deductible.
- What is Applied Research Institute's EIN?
- Applied Research Institute's Employer Identification Number (EIN) is 82-1443757.
- How much revenue does Applied Research Institute report?
- Applied Research Institute reported $76,880,879 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Applied Research Institute's spending goes to programs?
- Applied Research Institute spends about 93% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Applied Research Institute have?
- CharityIndex grades Applied Research Institute A, based on program efficiency and fundraising cost.
- How much does Applied Research Institute's highest-paid employee make?
- The highest reported compensation on Applied Research Institute's latest Form 990 is $438,960, paid to David Roberts (President & Ceo).
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Explore more
Data for Applied Research Institute (EIN 82-1443757) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.