Indiana · Nonprofit
Indiana University Research & Technology Corporation
Indiana University Research & Technology Corporation (Indiana) receives grants from 4 organizations whose IRS filings report $8,124,832 to it, the largest being AMERICAN CANCER SOCIETY INC ($7,326,292). 3 of them have funded it in more than one year.
- Revenue FY2025
- $871k
- Funders on record
- 4
- Grants received
- $8.1M
- Net assets
- $16M
What Indiana University Research & Technology Corporation does
Mission
The Indiana University Research and Technology Corporation (IURTC) serves Indiana university, the state of Indiana, and the nation through creation and application of the university developed technologies and services, and the expanded linkage of the private sector to the university.
As stated on its FY2025 Form 990.
Programs
INVESTMENTS - The IURTC manages the business and investments under the Indiana Philanthropic Venture Fund (IPVF) as well as Innovate Indiana Fund I, LLC (IIF) regarding planning, operations, and investments. Both IPVF and IIF are established to acquire, hold, dispose, and manage investments in life science and technology companies. An investment committee is utilized to assist with investment decisions.
$570,635 spent$990,050 earned by the program59% of program spendingSTUDENT ENGAGEMENT - The STUDENT ENGAGEMENT program is established to fully realize the benefits of University innovations through start-up company formation and support.
$402,887 spent41% of program spendingAngel network - created in fiscal year 2019, the IURTC engages with high net worth individuals through this membership network and facilitates connections for startup companies with prospective investors. The angel network continues the IURTC and the university's mission of fostering a pervasive entrepreneurial culture that contributes to the prosperity of the state of Indiana, the nation, and the world.
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $973,522.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 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.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $18M to $21M (+20%).
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.
Government-grant reliance: 2021 2% · 2022 1% · 2023 1% · 2025 3%. Grants only. Government contracts and fees sit inside program revenue.
17% of Indiana University Research & Technology Corporation’s revenue is contributions — about as donation-reliant as the typical peer (57% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 8 of the last 9 reported years ran a deficit.
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
Anthony Armstrong
President And CEO
As listed on its FY2025 Form 990.
Who funds it, year by year
2018 → 2023: the base held at 1 funder, grant income rose $10k → $1.7M.
From the IRS filings of Indiana University Research & Technology Corporation’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.
How concentrated its funding is
Indiana University Research & Technology Corporation leans on a few funders — its largest provides 90% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Indiana University Research & Technology Corporation.
Largest funder’s share by year: 2018 100% · 2019 100% · 2020 76% · 2021 91% · 2022 100% · 2023 100% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. 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
Indiana University Research & Technology Corporation draws 90% of its grant income from funders outside Indiana, across 3 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. 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.
Against its field
Indiana University Research & Technology Corporation holds deeper cash reserves than three-quarters of the 16,849 education nonprofits its size.
this organization peer median middle 50% of peers· 16,849 education nonprofits $100k–$1M, FY2025
Organizations like Indiana University Research & Technology Corporation
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
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
82% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 1 state
Part of a family of 3 related entities
- Indiana Philanthropic Venture Fund LLC (IPVF) · disregarded
- Indiana University · exempt
- Innovate Indiana Fund I LLC · partnership
Screen this organization
A dated, signed PDF of the compliance screen for Indiana University Research & Technology Corporation: 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.
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 Indiana University Research & Technology Corporation?
- Indiana University Research & Technology Corporation (Indiana) receives grants from 4 organizations whose IRS filings report $8,124,832 to it, the largest being AMERICAN CANCER SOCIETY INC ($7,326,292). 3 of them have funded it in more than one year.
- How many funders does Indiana University Research & Technology Corporation have?
- IRS filings report 4 organizations giving $8,124,832 in grants to Indiana University Research & Technology Corporation, 3 of which have funded it in more than one year.
- Who is the largest funder of Indiana University Research & Technology Corporation?
- AMERICAN CANCER SOCIETY INC is the largest funder on record, with $7,326,292 in grants. The full list of funders is on this page.
- How can an organization like Indiana University Research & Technology Corporation 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 FY2025 (financials across 2017–2025), and the filings of 4 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