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Organizations Community Improvement & Capacity Building Applied Research Institute Inc.

Applied Research Institute Inc.

Fiscal year ending 2021. Filed on November 9, 2022.

2719 E 10th Street 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 2021 IRS Form 990 filing, Applied Research Institute Inc., a 501(c)(3) charitable organization, reported compensation for 8 out of 19 total employees. Among the employees shown here, the average compensation is $264,675. The highest compensated employee at Applied Research Institute Inc. is Stephen E Kelly with fiscal year 2021 compensation of $324,518.

Revenue, expenses, and employee compensation

Revenue

$9,074,163

Expenses

$7,556,576

Employee compensation

$3,423,402
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Stephen E Kelly
President and Chief Executive Officer
$324,518
$283,550 No related comp$40,968
William Kiser
Vice President for Science and Technology
$324,221
$260,672 No related comp$63,549
Julie Griffith
Executive Vice President for Strategy, Partnerships and Outreach
$313,761
$261,441 No related comp$52,320
Richard Leonard
Director of Federal Programs
$310,456
$251,688 No related comp$58,768
Micah Edmond
Chief Growth Officer
$300,167
$253,488 No related comp$46,679
Chris Bencal
Vice President for Business Development
$286,412
$245,442 No related comp$40,970
Leslie Wolfe
Chief Administrative Officer
$222,209
$182,126 No related comp$40,083
Latoya Alexander Botteron
Chief Financial Officer
$35,655
$29,593 No related comp$6,062

Benchmark Employee Compensation

Non-Employee Board Members

Candice Bineyard
Board Member
Carmen Spencer
Board Member
Eric Holcomb
Board Member
Gene Renuart
Chair
Kimberly Crider
Board Member
Mitch Daniels
Board Member
Pamela Whitten
Secretary
Steve Ferguson
Treasurer
Tina Peterson
Board Member

Contractors

Quantum Research International Inc.
Develop Data Collection Process
$677,349
Ai Global
AI Tools
$324,313
Agilecat
Creation of Website
$242,335
Knossos Group Global LLC
Consulting
$230,095
The Blackfield Group LLC
Consulting
$224,042

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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