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Organizations Community Improvement & Capacity Building Applied Research Institute Inc.

Applied Research Institute Inc.

Fiscal year ending 2022. Filed on November 13, 2023.

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 2022 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 $237,586. The highest compensated employee at Applied Research Institute Inc. is William Kiser with fiscal year 2022 compensation of $297,370.

Revenue, expenses, and employee compensation

Revenue

$30,438,388

Expenses

$29,551,415

Employee compensation

$3,194,709
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

William Kiser
Vice President for Science and Technology
$297,370
$250,316 No related comp$47,054
Richard Leonard
Director of Federal Programs
$286,642
$233,562 No related comp$53,080
Julie Griffith
CEO JUNE to OCT 2022, Vice President JAN to JUNE
$279,384
$252,830 No related comp$26,554
Gail A Walters
Vice President Microelectronics
$274,351
$245,357 No related comp$28,994
Leslie Wolfe
Executive Vice President Finance and Administration
$219,368
$194,798 No related comp$24,570
Samuel M Caccamo
Director of Defense Innovation
$201,459
$188,449 No related comp$13,010
Rosa W Johnson
Director of Contracts
$197,913
$175,191 No related comp$22,722
Stephen E Kelly
CEO to JUNE 2022
$144,200
$137,007 No related comp$7,193

Benchmark Employee Compensation

Non-Employee Board Members

Bradley Chambers
Board Member Begining NOV 2022
Candice Bineyard
Board Member Through OCT 2022
Carmen Spencer
Board Member Through OCT 2022
David Roberts
CEO Begining December 2022
Eric Holcomb
Board Member Through OCT 2022
Gene Renuart
Chair Through OCT 2022
John Thompson
Board Member Begining NOV 2022
Kimberly Crider
Board Member Through OCT 2022
Mitch Daniels
Board Member Through OCT 2022
Mung Chiang
Board Member Begining NOV 2022
Pamela Whitten
Board Member, Secretary Through OCT 2022
Steve Ferguson
Treasurer Through OCT 2022

Contractors

Anduril Industries
Consulting
$6,375,000
Massachusetts Institute of Technology
Consulting
$2,716,056
Quantum Research International
Consulting
$2,344,728
Mantel Technologies Inc.
Consulting
$1,316,457
Iperformx LLC
Consulting
$1,225,052

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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