APPLIED RESEARCH INSTITUTE INC Charity Report

Public IRS 990 nonprofit record

APPLIED RESEARCH INSTITUTE INC

EIN 82-1443757 · Economic Development (S30)

What they do

ARI WAS FORMED to CONDUCT RESEARCH and FOSTER REGIONAL COLLABORATION AMONG INDIANAS 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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $93.30 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders15 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

82.80%of revenue went to mission work93.3% of expenses · Program services

$88.75spent for every $100 of revenueRevenue covered expenses this year.

5.95%of revenue went to management and office costs6.7% of expenses

$0.69in assets for every $1 spent this yearSome assets cannot be spent right away.

76.5%of its money came from giftsOther money may come from services or investments.

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What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $502,209 for DAVID ROBERTS (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$76,880,879

Mission workProgram services$63,656,98782.80% of revenue93.3% of expenses

ManagementOffice and general costs$4,574,6605.95% of revenue6.7% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$8,649,23211.25% of revenueShown in gray on the chart

Total expenses$68,231,64788.75% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 93.3% mission · 6.7% management · 0.0% fundraisingTotal expenses: 88.75% of revenue

2023Expense mix: 95.1% mission · 4.9% management · 0.0% fundraisingTotal expenses: 91.43% of revenue

2022Expense mix: 92.9% mission · 7.1% management · 0.0% fundraisingTotal expenses: 97.09% of revenue

2021Expense mix: 83.8% mission · 16.2% management · 0.0% fundraisingTotal expenses: 83.28% of revenue

2020Expense mix: 79.9% mission · 20.1% management · 0.0% fundraisingTotal expenses: 92.71% of revenue

Money in and money out

Revenue$76,880,879

Expenses$68,231,647

Annual surplus $8,649,232 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$63,656,987 · 93.3% of expenses

Management and office costs$4,574,660 · 6.7% of expenses

See all reported dollar amounts

Revenue$76,880,879

Expenses$68,231,647

Assets$47,128,624

Income$76,880,879

Contributions$58,845,448

Mission work (program services)$63,656,987

Management and general$4,574,660

Executive compensation (total)$522,713

Accounting fees$205,127

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DAVID ROBERTSPRESIDENT & CEO · 40 hrs/week $502,209Base $438,960 · Other $63,249

WILLIAM KISEREVP SCIENCE & TECHNOLOGY · 40 hrs/week $416,351Base $354,514 · Other $61,837

JAMES COSTASVP, INNOVATION & SEMICONDUCTOR · 40 hrs/week $371,410Base $314,836 · Other $56,574

ANDREW KOSSACKEVP PARTNERSHIPS & GENERAL · 40 hrs/week $357,436Base $300,367 · Other $57,069

LESLIE WOLFEEVP FINANCE & OPERATIONS - CFO · 40 hrs/week $353,156Base $311,817 · Other $41,339

BRETT HAMILTONSVP, MICROELECTRONICS & AT · 40 hrs/week $350,786Base $315,340 · Other $35,446

ELIZABETH PYNEEVP INNOVATION & STRATEGY · 40 hrs/week $324,354Base $291,333 · Other $33,021

LESLIE ALEXANDERVP ENERGY STORAGE TECHNOLOGIES · 40 hrs/week $302,719Base $250,000 · Other $52,719

PATRICK HOLMESSVP INTELLECTUAL PROPERTY · 40 hrs/week $290,559Base $250,000 · Other $40,559

ROSA JOHNSONDIRECTOR, CONTRACTS · 40 hrs/week $242,438Base $209,656 · Other $32,782

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (15)

DAVID ROBERTSPRESIDENT & CEO

WILLIAM KISEREVP SCIENCE & TECHNOLOGY

JAMES COSTASVP, INNOVATION & SEMICONDUCTOR

ANDREW KOSSACKEVP PARTNERSHIPS & GENERAL

LESLIE WOLFEEVP FINANCE & OPERATIONS - CFO

BRETT HAMILTONSVP, MICROELECTRONICS & AT

ELIZABETH PYNEEVP INNOVATION & STRATEGY

LESLIE ALEXANDERVP ENERGY STORAGE TECHNOLOGIES

PATRICK HOLMESSVP INTELLECTUAL PROPERTY

ROSA JOHNSONDIRECTOR, CONTRACTS

DR PAMELA WHITTENBOARD MEMBER, FINANCE/AUDIT COMMITTEE

JOHN THOMPSONBOARD MEMBER, FINANCE/AUDIT COMMITTEE

MUNG CHIANGBOARD MEMBER

SUE ELLSPERMANNBOARD MEMBER

TINA PETERSONBOARD MEMBER, FINANCE/AUDIT COMMITTEE

About this charity

Recognized since: January 2017
Location: PO BOX 5097, BLOOMINGTON, IN 47407
County: Monroe
In care of: LESLIE WOLFE
Primary officer: LESLIE WOLFE, EVP OF FINANCE AND OPERATIONS

How to reach them

WebsiteVisit the charity’s website Phone(812) 758-4338

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: KSM BUSINESS SERVICES INC
NTEE classification: Economic Development (S30)
IRS tax category: Economic Development