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Organizations Education Indiana University Research & Technology Corporation

Indiana University Research & Technology Corporation

Fiscal year ending 2022. Filed on February 28, 2023.

642 N Madison Street 113
Bloomington, Indiana 47404

Indiana University Research & Technology Corporation (EIN: 35-1990726) has filed an IRS Form 990 between fiscal years 2017 and 2023. In its fiscal year 2022 IRS Form 990 filing, Indiana University Research & Technology Corporation, a 501(c)(3) charitable organization, reported compensation for 13 employees. Among the employees shown here, the average compensation is $402,169. The highest compensated employee at Indiana University Research & Technology Corporation is Jay Hess with fiscal year 2022 compensation of $1,380,656.

Revenue, expenses, and employee compensation

Revenue

$5,196,911

Expenses

$1,586,736

Employee compensation

$1,156,661
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Jay Hess
Member
$1,380,656
$0 $1,046,776 $333,880
Fred Cate
Vice Chair
$751,617
$0 $685,746 $65,871
Bill Stephan
Board Chair
$454,986
$0 $396,725 $58,261
Dennis Groth
Member
$427,098
$0 $366,792 $60,306
David Russomanno
Member
$362,752
$0 $306,135 $56,617
Scott Smart
Member
$319,992
$0 $260,065 $59,927
Anthony Armstrong
President and Chief Executive Officer
$310,464
$0 $258,683 $51,781
Teri Willey
Executive Director
$294,481
$252,364 No related comp$42,117
Jonathan Barada
Vice President of Engagement
$205,238
$176,090 No related comp$29,148
Theodore Widlanski
Member
$204,048
$0 $166,851 $37,197
Jason Whitney
Vice President of Venture Development
$197,546
$170,494 No related comp$27,052
Michael Burton
Chief Financial Officer
$172,898
$138,307 No related comp$34,591

Benchmark Employee Compensation

Non-Employee Board Members

Charles Schalliol
Treasurer
Edward Sagebiel
Member
Elizabeth Hagerman
Member
Harry Gonso
Member
Patricia Martin
Member

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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