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Applied Research Institute
Applied Research Institute reported $76.9 million in revenue and $68.2 million in expenses for calendar year 2024. Of every $100 it spent, $93.30 went to program services, $6.70 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 76.5% of the total. Government grants made up 76.3%. The highest compensation it reported for one person was $502,209 (PRESIDENT & CEO). 33 people received more than $100,000 in reportable compensation. Revenue rose 1654% between 2020 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $68MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $77MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 93.3% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 6.7% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 76.5% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 76.3% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 21.7% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $502,209 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.74% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 33 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 2.9 | 9.2 |
| Independent voting board members Part VI 1a–1b | 5 of 5 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseThe me commons program is intended to develop and implement midwest strategy to onshore microelectronics capabilities, generate jobs, drive innovation and prototype development
The iedc portfolio includes projects intended to pursue large-scale opportunities for the indiana ecosystems in various technical areas; a project that promotes development of technology to promote economic development and teaming between universities/non-profits and the tech sector; and a project to operate a trusted tech accelerator, tech diplomacy fellowship, and train and educate the indiana talent and workforce
The dapra pia program is intended to promote cooperative activities between darpa and small business firms and educational institutions served by ari. The services provided by ari are intended to assist darpa succeed within an innovation ecosystem that includes academic, corporate, and governmental parterns, with a constant focus on national security challenges
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CEO Officer, 40.00 hrs/week | $438,960 | $0 | $63,249 | $502,209 |
| EVP SCIENCE & TECHNOLOGY Key employee, 40.00 hrs/week | $354,514 | $0 | $61,837 | $416,351 |
| SVP, INNOVATION & SEMICONDUCTOR Highest compensated employee, 40.00 hrs/week | $314,836 | $0 | $56,574 | $371,410 |
| EVP PARTNERSHIPS & GENERAL Key employee, 40.00 hrs/week | $300,367 | $0 | $57,069 | $357,436 |
| EVP FINANCE & OPERATIONS - CFO Key employee, 40.00 hrs/week | $311,817 | $0 | $41,339 | $353,156 |
| SVP, MICROELECTRONICS & AT Highest compensated employee, 40.00 hrs/week | $315,340 | $0 | $35,446 | $350,786 |
| EVP INNOVATION & STRATEGY Key employee, 40.00 hrs/week | $291,333 | $0 | $33,021 | $324,354 |
| VP ENERGY STORAGE TECHNOLOGIES Highest compensated employee, 40.00 hrs/week | $250,000 | $0 | $52,719 | $302,719 |
33 people received more than $100,000 in reportable compensation from Applied Research Institute (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.0M (Part IX, line 5).
5 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b5 · 5 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 569
- Volunteers Part I, line 66
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| CADENCE DESIGN SYSTEM INC Electronic design automation software | $2,043,000 |
| BDM CONSULTING LLC Consulting services | $1,794,288 |
| STRONGBOX COMMERCIAL LLC Construction and development | $633,319 |
| NINETWELVE INSTITUTE Consulting services | $592,785 |
| PUBLIC SPEND FORUM Consulting services | $494,760 |
Individuals listed as contractors are left out. 24 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Applied Research Institute's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Applied Research Institute, you can publish a response that is linked from this page.
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Of every $100 Applied Research Institute spent in 2024, $93.30 went to programs. The full breakdown, from its IRS Form 990:
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All community improvement & capacity building charities · Largest charities in Indiana
Questions people ask
How much of Applied Research Institute's spending goes to programs?
In calendar year 2024, Applied Research Institute reported that 93.3% of its $68.2 million in expenses went to program services, 6.7% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Applied Research Institute pay its top executive?
The largest total compensation Applied Research Institute reported for one person in calendar year 2024 was $502,209, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Applied Research Institute get its money?
Of $76.9 million in revenue in calendar year 2024, 76.5% came from contributions and grants (including 76.3% from government grants) and 21.7% from program service revenue (Form 990, Part VIII).
Is Applied Research Institute a registered charity?
The IRS lists EIN 82-1443757 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202503169349303550 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202413189349304136 · read the filing
- 2022: Form 990 for calendar year 2022, object 202333179349304928 · read the filing
- 2021: Form 990 for calendar year 2021, object 202223139349304142 · read the filing
- 2020: Form 990 for calendar year 2020, object 202132939349300808 · read the filing
All filings for EIN 82-1443757: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.