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Indiana · Nonprofit

APPLIED RESEARCH INSTITUTE INC

APPLIED RESEARCH INSTITUTE INC (Indiana) receives grants from 1 organization whose IRS filings report $35,000 to it, the largest being AMERICAN ONLINE GIVING FOUNDATION INC ($35,000). 0 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2024
$77M
Funders on record
1
Grants received
$35k
Net assets
$16M
0/1 repeat funders
01What it does

What Applied Research Institute Inc does

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.

As stated on its FY2024 Form 990.

Programs

  1. The me commons program is intended to develop and implement midwest strategy to onshore microelectronics capabilities, generate jobs, drive innovation and prototype development.

    $33,738,203 spent
    53% of program spending
  2. 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.

    $9,548,548 spent$80,000 earned by the program
    15% of program spending
  3. 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.

    $3,182,849 spent
    5% of program spending
  4. Applied research institute performs applied research and supported related technical activities in the areas of trusted microelectronics, hypersonic, and cyber-physical systems. To accomplish this, ari has estabilshed 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 singular goal related to our technical mission, and to other activities that support our nation and its warfighters.

    $17,187,387 spent$16,595,019 earned by the program
    27% of program spending

The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $63,656,987.

02The organization over time

The organization over time

Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20202020 Revenue 100 ($4.4M) Expenses 100 ($4.1M) Net assets 100 ($452k)2021 Revenue 207 ($9.1M) Expenses 186 ($7.6M) Net assets 436 ($2.0M)2022 Revenue 695 ($30M) Expenses 727 ($30M) Net assets 632 ($2.9M)2023 Revenue 1262 ($55M) Expenses 1245 ($51M) Net assets 1681 ($7.6M)2024 Revenue 1754 ($77M) Expenses 1680 ($68M) Net assets 3595 ($16M)
20202021202220232024
Revenue (1754)Expenses (1680)Net assets (3595)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $11M to $42M (+278%).

$779k
$3.3M
$11M
$42M
$47M
20202021202220232024
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2021 7% · 2022 9% · 2023 28% · 2024 76%. Grants only. Government contracts and fees sit inside program revenue.

77% of APPLIED RESEARCH INSTITUTE INC’s revenue is contributions — more donation-reliant than the typical peer (61% for the typical peer).

This organization
Typical peer · 696 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 5 reported years ran a deficit.

$320k
’20
$1.5M
’21
$887k
’22
$4.7M
’23
$8.6M
’24
6.7
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

David Roberts

President & CEO

As listed on its FY2024 Form 990.

20202021202220232024
Listed1517211615
Joined·+7+7+9+3
No longer listed·53144
03Who funds it

Who funds it, year by year

Grant support over time, funder by funder — shade shows the grant size each year.

Funder
'25*
total
funders
1

1 of 1 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 100% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of APPLIED RESEARCH INSTITUTE INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of APPLIED RESEARCH INSTITUTE INC's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Too little is directly attributable to place on a map.

Funder states come from each funder’s own filing. $35k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

APPLIED RESEARCH INSTITUTE INC has grown faster than three-quarters of the 659 community improvement nonprofits its size.

Operating margin11% · above the median
Months of reserve6.7mo · above the median
Revenue growth (annualized)105% · top quartile

this organization peer median middle 50% of peers· 659 community improvement nonprofits $10M–$100M, FY2024

Government funding APPLIED RESEARCH INSTITUTE INC receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $143.1M on record.

Federal$143.1M
grants $142.6Mcontracts $512k
24
25
26
Top agencies
  • Department of Defense$91.8M
  • Department of Commerce$50.7M
  • Small Business Administration$500k

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like APPLIED RESEARCH INSTITUTE INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Indiana

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

93% of spending goes to programs.

Program 93%Management 7%Fundraising 0%

Governance

5
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

90%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

IN

Part of a family of 3 related entities

  • Upland Research Institute · disregarded
  • Midwest Hydrogen Corridor Coalition Inc · exempt
  • Upland Technical Solutions Inc · corp_trust

Screen this organization

A dated, signed PDF of the compliance screen for APPLIED RESEARCH INSTITUTE INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds APPLIED RESEARCH INSTITUTE INC?
APPLIED RESEARCH INSTITUTE INC (Indiana) receives grants from 1 organization whose IRS filings report $35,000 to it, the largest being AMERICAN ONLINE GIVING FOUNDATION INC ($35,000). 0 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does APPLIED RESEARCH INSTITUTE INC have?
IRS filings report 1 organization giving $35,000 in grants to APPLIED RESEARCH INSTITUTE INC.
Who is the largest funder of APPLIED RESEARCH INSTITUTE INC?
AMERICAN ONLINE GIVING FOUNDATION INC is the largest funder on record, with $35,000 in grants. The full list of funders is on this page.
How can an organization like APPLIED RESEARCH INSTITUTE INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Indiana. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2020–2024), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing