Skip to main content
Filing year 2024

APPLIED RESEARCH INSTITUTE INC

Bloomington, Indiana·EIN 82-1443757·3
Total revenue
$76.9M
Total assets
$47.1M
Total expenses
$68.2M
Reported officers
15
Mission

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 MULTI-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.

Executive compensation, broken down

Form 990 · Schedule J · 10 reported individuals · Filing year 2024

Base salaryBonusOther compensationBenefits
Base salaryBonusOther compensationBenefitsExecutive compensation
$502k
$540k
EVP Science & Technology
executive vice president
$416k
$448k
Svp, Innovation & Semiconductor
senior vice president
$371k
$400k
EVP Partnerships & General
executive vice president
$357k
$384k
EVP Finance & Operations - CFO
$353k
$380k
Svp, Microelectronics & at
senior vice president
$351k
$377k
EVP Innovation & Strategy
executive vice president
$324k
$349k
VP Energy Storage Technologies
vice president
$303k
$326k
SVP Intellectual Property
senior vice president
$291k
$313k
Director, Contracts
highest compensated employee
$242k
$261k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 5 unpaid individuals.

Up 39%
from 2023

From $360k in 2023 to $502k in 2024.

$360k
2023
$502k
2024
In today's dollarsEst.
Up 36% in real terms$398k to $540k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

APPLIED RESEARCH INSTITUTE INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$55.3M
$50.6M
2023
$76.9M
$68.2M
2024
Total revenue and total expenses from IRS Form 990 filings.
Free, forever
Build lists. Save your benchmarks.
A free Lucido account lets you build lists of nonprofits and save your search filters. No credit card.
Create free account
Already a member? Sign in
Build a benchmark

Compare any role, sector, or revenue band

Build your own benchmark from millions of reported positions.