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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Education Indiana University Research & Technology Corporation

Indiana University Research & Technology Corporation

Fiscal year ending 2019. Filed on July 13, 2020.

518 Indiana Avenue
Indianapolis, Indiana 46224

Indiana University Research & Technology Corporation (EIN: 35-1990726) has filed an IRS Form 990 between fiscal years 2017 and 2023. In its fiscal year 2019 IRS Form 990 filing, Indiana University Research & Technology Corporation, a 501(c)(3) charitable organization, reported compensation for 12 employees. Among the employees shown here, the average compensation is $407,739. The highest compensated employee at Indiana University Research & Technology Corporation is Jay Hess with fiscal year 2019 compensation of $1,608,981.

Revenue, expenses, and employee compensation

Revenue

$1,425,789

Expenses

$1,694,722

Employee compensation

$1,227,636
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Jay Hess
Member
$1,608,981
$0 $1,441,239 $167,742
Fred Cate
Vice Chair
$472,495
$0 $376,299 $96,196
Bill Stephan
Board Chair
$468,713
$0 $362,993 $105,720
Raj Acharya
Member
$431,255
$0 $381,029 $50,226
David Russomanno
Member
$339,039
$0 $297,439 $41,600
Scott Smart
Member
$314,278
$0 $274,125 $40,153
Anthony Armstrong
President and Chief Executive Officer
$304,201
$0 $268,293 $35,908
Teri Willey
Executive Director
$246,988
$216,274 No related comp$30,714
Theodore Widlanski
Member
$218,882
$0 $189,049 $29,833
Ken Green
Vice President of Entrepreneurial VENT
$194,787
$167,969 No related comp$26,818
Jason Whitney
Associate Vice President
$152,080
$118,307 No related comp$33,773
Michael Burton
Chief Financial Officer
$141,169
$105,110 No related comp$36,059

Benchmark Employee Compensation

Non-Employee Board Members

Charles Schalliol
Treasurer
David Johnson
Member
Edward Sagebiel
Member
Elizabeth Hagerman
Member
Gary Anderson
Member
Harry Gonso
Member
Jane Niederberger
Member
Pat Callahan
Secretary

Mission Statement

THE INDIANA UNIVERSITY RESEARCH AND TECHNOLOGY CORPORATION (IURTC) SERVES INDIANA UNIVERSITY, THE STATE OF INDIANA, AND THE NATION THROUGH CREATION AND APPLICATION OF THE UNIVERSITY DEVELOPED TECHNOLOGIES AND SERVICES, AND THE EXPANDED LINKAGE OF THE PRIVATE SECTOR TO THE UNIVERSITY.

Revisions to this organization profile

May 14, 2024:
2023 Indiana University Research & Technology Corporation 990 filed
February 28, 2023:
2022 Indiana University Research & Technology Corporation 990 filed
May 13, 2022:
2021 Indiana University Research & Technology Corporation 990 filed

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