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Organizations Community Improvement & Capacity Building Applied Research Institute Inc.

Applied Research Institute Inc.

Fiscal year ending 2020. Filed on October 20, 2021.

2719 E 10th Street No 114
Bloomington, Indiana 47408

Applied Research Institute Inc. (EIN: 82-1443757), also known as Indiana Innovation Institute, has filed an IRS Form 990 since fiscal year 2020. In its fiscal year 2020 IRS Form 990 filing, Applied Research Institute Inc., a 501(c)(3) charitable organization, reported compensation for 8 out of 13 total employees. Among the employees shown here, the average compensation is $211,176. The highest compensated employee at Applied Research Institute Inc. is William Kiser with fiscal year 2020 compensation of $307,437.

Revenue, expenses, and employee compensation

Revenue

$4,382,204

Expenses

$4,062,553

Employee compensation

$2,214,189
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

William Kiser
Vice President for Science and Technology
$307,437
$257,400 No related comp$50,037
Stephen E Kelly
President and Chief Executive Officer
$306,853
$280,000 No related comp$26,853
Julie Griffith
Vice President for Stategy, Partnership and Outreach
$292,513
$254,800 No related comp$37,713
Richard Leonard
Director of Federal Programs
$225,297
$192,000 No related comp$33,297
Ronald Goldblatt
Senior Scientist
$193,029
$165,406 No related comp$27,623
Leslie Wolfe
Business Operations Director
$186,449
$161,200 No related comp$25,249
Chris Bencal
Vice President for Business Development
$148,417
$134,167 No related comp$14,250
Latoya Alexander Botteron
Chief Financial Officer
$29,411
$24,974 No related comp$4,437

Benchmark Employee Compensation

Non-Employee Board Members

Eric Holcomb
Board Member
Melanie Walker
Board Member
Michael McRobbie
Secretary
Mitch Daniels
Board Member
Phil Burkholder
Board Member
Steve Ferguson
Treasurer
Victor Renuart
Chair

Contractors

Purdue University
Creation of Electronics Software and Har
$640,904
The Avascent Group Ltd.
Consulting
$129,860
Mantel Technologies
Consulting
$123,381

Mission Statement

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.

Revisions to this organization profile

November 12, 2025:
2024 Applied Research Institute Inc. 990 filed
November 13, 2024:
2023 Applied Research Institute Inc. 990 filed
November 13, 2023:
2022 Applied Research Institute Inc. 990 filed

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