Applied Research Institute
- Assets
- $3.3m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 19
- Location
- Bloomington, IN
- Founding
- 10/2017
- Data as of
- 12/2021
- EIN
- 82-1443757
Organization Overview
Applied Research Institute, operating under the name Indiana Innovation Institute, is located in Bloomington, IN. The organization was established in 2017. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Indiana Innovation Institute employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana Innovation Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Indiana Innovation Institute generated $9.1m in total revenue. All expenses for the organization totaled $7.6m during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IN3 WORKS WITH ACADEMIA, INDUSTRY AND GOVERNMENT TO CREATE A HUB OF NATIONAL SECURITY INNOVATION THAT HELPS SOLVE CRITICAL DEFENSE PRIORITIES. WE ARE BUILDING AN ECOSYSTEM OF ECONOMIC GROWTH THAT IS SPEEDING NEW INVESTMENT AND ADVANCING PARTNERSHIPS, JOBS AND THE TALENT POOL IN INDIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INDIANA INNOVATION INSTITUTE (IN3), AN APPLIED RESEARCH INSTITUTION, PERFORMS APPLIED RESEARCH AND SUPPORTED RELATED TECHNICAL ACTIVITIES IN THE AREAS OF TRUSTED MICROELECTRONICS, HYPERSONICS, AND CYBER-PHYSICAL SYSTEMS. TO ACCOMPLISH THIS, IN3 HAS ESTABLISHED A BROAD NETWORK OF GOVERNMENT, ACADEMIC AND INDUSTRY PARTNERS TO FIND SOLUTIONS TO SOME OF THE DIFFICULT THREATS CURRENTLY IMPACTING OUR NATIONAL SECURITY. OUR WORK RANGES FROM APPLIED RESEARCH AND DEVELOPMENT, "CONVENE" ACTIVITIES TO BRING TOGETHER DISPARATE GROUPS TO MEET A SINGULAR GOAL RELATED TO OUR TECHNICAL MISSION, AND TO OTHER ACTIVITIES THAT SUPPORT OUR NATION AND ITS WARFIGHTERS.
TRADEWIND IS A COLLABORATIVE, STREAMLINED ARTIFICIAL INTELLIGENCE (AI) ACQUISITION PLATFORM THAT ENGAGES THE WORLD'S TOP INNOVATORS AND HELPS EQUIP THE DEPARTMENT OF DEFENSE WITH THE MOST ADVANCED TECHNOLOGIES IN THE WORLD.
THE MIDWEST TECH BRIDGE ENCOMPASSES A VIBRANT INNOVATION ECOSYSTEM ALREADY ALIGNED TO NAVY AND MARINE CORPS INTERESTS. LOCATED ON THE WORLD'S THIRD LARGEST NAVAL INSTALLATION IN CRANE, INDIANA, THE NAVAL SURFACE WARFARE CENTER CRANE DIVISION (NSWC CRANE) ANCHORS THE MIDWEST TECH BRIDGE THROUGH BROAD COLLABORATIVE PARTNERSHIPS IN THE COMMAND'S MISSION SETS OF STRATEGIC MISSIONS, ELECTRONIC WARFARE, AND EXPEDITIONARY WARFARE THAT ARE SERVING TO ACCELERATE THE DEVELOPMENT AND TRANSITION OF TECHNOLOGY TO DEPARTMENT OF DEFENSE (DOD) END USERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen E Kelly President/ceo | OfficerTrustee | 40 | $283,550 |
Julie Griffith Exec. VP For Strategy, Partnerships And Outreach | 40 | $261,441 | |
William Kiser VP For Science And Technology | 40 | $260,672 | |
Micah Edmond Chief Growth Officer | 40 | $253,488 | |
Richard Leonard Director Of Federal Programs | 40 | $251,688 | |
Chris Bencal VP For Business Development | 40 | $245,442 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quantum Research International Inc Develop Data Collection Process | 12/30/21 | $677,349 |
Ai Global Ai Tools And Services | 12/30/21 | $324,313 |
The Blackfield Group Llc Consulting Services | 12/30/21 | $224,042 |
Knossos Group Global Llc Consulting Services | 12/30/21 | $230,095 |
Agilecat Creation Of Website | 12/30/21 | $242,335 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $642,201 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,510,489 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,152,690 |
| Total Program Service Revenue | $4,921,018 |
| Investment income | $455 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,074,163 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $582,382 |
| Compensation of current officers, directors, key employees. | $436,786 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,937,502 |
| Pension plan accruals and contributions | $198,456 |
| Other employee benefits | $535,347 |
| Payroll taxes | $169,715 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $60,502 |
| Fees for services: Accounting | $17,580 |
| Fees for services: Lobbying | $27,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,472,310 |
| Advertising and promotion | $8,536 |
| Office expenses | $7,805 |
| Information technology | $73,843 |
| Royalties | $0 |
| Occupancy | $41,422 |
| Travel | $163,853 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $70,624 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $21,896 |
| All other expenses | $28,773 |
| Total functional expenses | $7,556,576 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,886,067 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,355,745 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $87,714 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,329,526 |
| Accounts payable and accrued expenses | $763,617 |
| Grants payable | $0 |
| Deferred revenue | $596,424 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,360,041 |
| Net assets without donor restrictions | $1,969,485 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,329,526 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Financial Health Network Inc Chicago, IL | $19,686,455 | $18,603,239 |
St Louis Economic Development Partnership Saint Louis, MO | $27,235,860 | $13,883,018 |
Visit Indy Inc Indianapolis, IN | $20,981,890 | $14,589,218 |
Purchase Area Development District Inc Mayfield, KY | $0 | $14,269,202 |
Crosswalk Community Action Agency Inc West Frankfort, IL | $2,780,027 | $11,762,821 |
Wisconsin Dells Visitor & Convention Bureau Wisconsin Dells, WI | $26,952,168 | $17,110,395 |
Convention & Visitors Bureau Of Greater Kansas City Kansas City, MO | $12,878,337 | $11,432,355 |
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |
Brighton Park Neighborhood Council Chicago, IL | $4,048,275 | $8,262,492 |
Explore Branson Tourism Branson, MO | $1,396,845 | $7,616,014 |
Applied Research Institute Bloomington, IN | $3,329,526 | $9,074,163 |
Mhub Chicago, IL | $5,077,327 | $6,781,086 |