2025-11-12T10:33:03-06:00 2024-12-31 352123203 KSM BUSINESS SERVICES INC PO BOX 40857 INDIANAPOLIS IN 46240 990 2024-01-01 821443757 APPLIED RESEARCH INSTITUTE INC APPL 8127584338 PO BOX 5097 BLOOMINGTON IN 47407 LESLIE WOLFE EVP OF FINANCE AND OPERATIONS 8127584338 2025-11-07 1 1 CASSE TATE P01271193 3175802000 2025-11-07 2024 2025-03-06 01:10:19Z LESLIE WOLFE PO BOX 5097 BLOOMINGTON IN 47407 76880879 0 X WWW.THEARI.US X 2017 IN 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 MUTLI-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. 5 5 69 6 0 0 15341894 58845448 39709511 16675019 257355 1360412 0 0 55308760 76880879 0 0 0 0 5428228 9574259 0 0 0 45139289 58657388 50567517 68231647 4741243 8649232 41727832 47128624 34130131 30881691 7597701 16246933 X 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. 0 0 33738203 THE ME COMMONS PROGRAM IS INTENDED TO DEVELOP AND IMPLEMENT MIDWEST STRATEGY TO ONSHORE MICROELECTRONICS CAPABILITIES, GENERATE JOBS, DRIVE INNOVATION AND PROTOTYPE DEVELOPMENT. 9548548 80000 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. 3182849 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. 17187387 16595019 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. 17187387 16595019 63656987 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 X 112 0 1 69 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X LESLIE WOLFE 8127584338 13598 E WESTGATE DRIVE ODON IN 47562 MUNG CHIANG BOARD MEMBER 1.00 X 0 0 0 SUE ELLSPERMANN BOARD MEMBER 1.00 X 0 0 0 TINA PETERSON BOARD MEMBER, FINANCE/AUDIT COMMITTEE 1.00 X 0 0 0 JOHN THOMPSON BOARD MEMBER, FINANCE/AUDIT COMMITTEE 1.00 X 0 0 0 DR PAMELA WHITTEN BOARD MEMBER, FINANCE/AUDIT COMMITTEE 1.00 X 0 0 0 DAVID ROBERTS PRESIDENT & CEO 40.00 X 438960 0 63249 WILLIAM KISER EVP SCIENCE & TECHNOLOGY 40.00 X 354514 0 61837 LESLIE WOLFE EVP FINANCE & OPERATIONS - CFO 40.00 X 311817 0 41339 ELIZABETH PYNE EVP INNOVATION & STRATEGY 40.00 X 291333 0 33021 ANDREW KOSSACK EVP PARTNERSHIPS & GENERAL 40.00 X 300367 0 57069 JAMES COSTA SVP, INNOVATION & SEMICONDUCTOR 40.00 X 314836 0 56574 BRETT HAMILTON SVP, MICROELECTRONICS & AT 40.00 X 315340 0 35446 ROSA JOHNSON DIRECTOR, CONTRACTS 40.00 X 209656 0 32782 LESLIE ALEXANDER VP ENERGY STORAGE TECHNOLOGIES 40.00 X 250000 0 52719 PATRICK HOLMES SVP INTELLECTUAL PROPERTY 40.00 X 250000 0 40559 3036823 0 474595 33 0 1 0 CADENCE DESIGN SYSTEM INC 2655 SEELY AVE SAN JOSE CA 95134 ELECTRONIC DESIGN AUTOMATION SOFTWARE 2043000 BDM CONSULTING LLC 54245 QUEENSBOROUGH DRIVE SHELBY TOWNSHIP MI 48315 CONSULTING SERVICES 1794288 STRONGBOX COMMERCIAL LLC 65 E CEDAR STREET ZIONSVILLE IN 46077 CONSTRUCTION AND DEVELOPMENT 633319 NINETWELVE INSTITUTE 100 E WILLOW STREET ZIONSVILLE IN 46077 CONSULTING SERVICES 592785 PUBLIC SPEND FORUM 1776 I STREET NW WASHINGTON DC 20006 CONSULTING SERVICES 494760 24 58645448 200000 85000 58845448 CONTRACT REVENUE 541700 16675019 16675019 16675019 1360412 1360412 76880879 16675019 0 1360412 X 1953506 590358 1363148 4438235 3875665 562570 453457 379014 74443 2205351 1608626 596725 523710 371834 151876 23377 23377 205127 205127 10028 10028 55246331 54736940 509391 3798 2601 1197 271067 185653 85414 458046 326541 131505 192520 130482 62038 517462 313871 203591 66418 45489 20929 106210 106210 52659 35690 16969 DIRECT EXPENSES 1074153 735386 338767 DUES AND SUBSCRIPTIONS 430192 212627 217565 68231647 63656987 4574660 0 35712057 38311004 5401071 6350450 254505 604940 846400 106209 0 740191 360199 1122039 41727832 47128624 4601859 13245779 29218073 16563873 310199 1072039 34130131 30881691 X 7597701 16246933 7597701 16246933 41727832 47128624 8649232 0 X X 0 1 X 1 0 X 4246963 4152690 3966392 15341894 58845448 86553387 4246963 4152690 3966392 15341894 58845448 86553387 6873401 79679986 455 4074 257355 1360412 1622296 88175683 87908711 0.90370 0.70180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 0 10028 10028 10028 10028 68221619 68252042 68231647 68262070 1000000 1000000 250000 250000 0 0 0 0 527829 1000000 1000000 1000000 3527829 5291744 27500 10028 37528 131957 250000 250000 250000 881957 1322936 679810 85386 594424 153987 19248 134739 12603 1575 11028 740191 OPERATING LEASE LIABILITIES 1072039 1072039 X 76913310 21000 11431 32431 76880879 0 76880879 68268908 21000 16261 37261 68231647 0 68231647 PART X, LINE 2: ARI IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE IRC, THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED FROM THE IRC. URI IS A DISREGARDED ENTITY FOR INCOME TAX PURPOSES. THERE WAS NO UNRELATED BUSINESS INCOME TAX FOR 2024 AND 2023. THE ORGANIZATION FILES U.S. FEDERAL AND INDIANA INFORMATION TAX RETURNS. THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2021. MANAGEMENT BELIEVES THAT THE ORGANIZATION'S INCOME TAX FILING POSITIONS WILL BE SUSTAINED ON AUDIT AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WILL RESULT IN A MATERIAL CHANGE. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE OF CONSOLIDATED AFFILIATE 11,431. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSE OF CONSOLIDATED AFFILIATE 16,261. EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICE TRAVEL FOR BUSINESS DEVELOPMENT IN THE AREAS OF INTERNATIONAL COLLABORATION AND STATE REPRESENTATION 43000 EUROPE (INCLUDING ICELAND & GREENLAND) 1 0 PROGRAM SERVICE TRAVEL FOR BUSINESS DEVELOPMENT IN THE AREAS OF INTERNATIONAL COLLABORATION AND STATE REPRESENTATION; COWORK SPACE RENTAL 172000 NORTH AMERICA 0 0 PROGRAM SERVICE TRAVEL FOR BUSINESS DEVELOPMENT IN THE AREAS OF INTERNATIONAL COLLABORATION AND STATE REPRESENTATION 1000 1 0 0 0 1 0 216000 0 216000 0 0 0 0 0 0 X X X X X 0 0 0 0 0 0 0 0 0 DAVID ROBERTS PRESIDENT & CEO 295000 0 143960 0 0 0 31050 0 32199 0 502209 0 0 0 WILLIAM KISER EVP SCIENCE & TECHNOLOGY 322052 0 32462 0 0 0 30748 0 31089 0 416351 0 0 0 JAMES COSTA SVP, INNOVATION & SEMICONDUCTOR 285336 0 29500 0 0 0 26239 0 30335 0 371410 0 0 0 ANDREW KOSSACK EVP PARTNERSHIPS & GENERAL 268917 0 31450 0 0 0 25855 0 31214 0 357436 0 0 0 LESLIE WOLFE EVP FINANCE & OPERATIONS - CFO 282076 0 29741 0 0 0 27064 0 14275 0 353156 0 0 0 BRETT HAMILTON SVP, MICROELECTRONICS & AT 285840 0 29500 0 0 0 25846 0 9600 0 350786 0 0 0 ELIZABETH PYNE EVP INNOVATION & STRATEGY 263333 0 28000 0 0 0 25240 0 7781 0 324354 0 0 0 LESLIE ALEXANDER VP ENERGY STORAGE TECHNOLOGIES 250000 0 0 0 0 0 22500 0 30219 0 302719 0 0 0 PATRICK HOLMES SVP INTELLECTUAL PROPERTY 250000 0 0 0 0 0 13333 0 27226 0 290559 0 0 0 ROSA JOHNSON DIRECTOR, CONTRACTS 207656 0 2000 0 0 0 18869 0 13913 0 242438 0 0 0 PART I, LINE 3 THE CURRENT PRESIDENT AND CEO'S SALARY WAS ANALYZED BY AN EXTERNAL CONSULTING FIRM, WITH ADDITIONAL ANALYSIS PERFORMED BY ARI'S CHIEF FINANCIAL OFFICER. THIS ANALYSIS WAS PRESENTED TO THE BOARD AND APPROVED BY THEM AND IS DOCUMENTED IN THE FILE. X EQUIPMENT 1 85000 FAIR MARKET VALUE 0 0 0 FORM 990, PART V, LINE 2A APPLIED RESEARCH INSTITUTE, INC. (ARI) HAD 69 EMPLOYEES DURING THE CALENDER YEAR. ARI UTILIZED A PROFESSIONAL EMPLOYER ORGANIZATION, WHICH FILES THE W-3 AND W-2S ON THEIR BEHALF. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT 990 IS PROVIDED TO THE ARI CHIEF EXECUTIVE OFFICER, EXECUTIVE VICE PRESIDENT, FINANCE AND OPERATIONS FOR REVIEW AND COMMENT. THE 990 IS THEN PRESENTED TO THE BOARD OF DIRECTORS FOR A PERIOD OF REVIEW AND COMMENT. IF NO COMMENTS OR CHANGES ARE RECEIVED BY THE END OF THE COMMENT PERIOD, THE 990 IS APPROVED AND IT IS SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS ARE REQUIRED TO DISCLOSE CONFICTS OF INTEREST ANNUALLY. ARI EMPLOYEES ARE NOT AT THIS TIME. DIRECTORS AND OFFICERS RECEIVE THE CONFLICT OF INTEREST POLICY ANNUALLY AND FILL OUT A FORM TO DECLARE AS SUCH AND THAT IS PUT ON FILE. EMPLOYEES RECEIVE A COPY OF THE CONFLICT OF INTEREST POLICY WITH THEIR HANDBOOK. THEY SIGN THAT THEY HAVE RECEIVED THE HANDBOOK WHEN THEY FILL OUT THEIR ON-BOARDING PAPERWORK AT THE TIME OF HIRE. FORM 990, PART VI, SECTION B, LINE 15 THE CURRENT PRESIDENT AND CEO'S SALARY WAS ANALYZED BY AN EXTERNAL CONSULTING FIRM, WITH ADDITIONAL ANALYSIS PERFORMED BY ARI'S CHIEF FINANCIAL OFFICER. THIS ANALYSIS WAS PRESENTED TO THE BOARD AND APPROVED BY THEM AND IS DOCUMENTED IN THE FILE. THE BOARD OF DIRECTORS APPROVED COMPENSATION OF UP TO $7,500 PER YEAR FOR BOARD SERVICE, STARTING JANUARY 1, 2022. COMPARABILITY DATA WAS ANALYZED PRIOR TO APPROVAL. KEY EMPLOYEE SALARIES ARE ANALYZED USING PUBLICLY AVAILABLE DATA AT THE TIME OF THEIR HIRE OR WHEN COMPENSATION IS CHANGED. THIS ANALYSIS IS SAVED AS A MEMORANDUM IN THEIR HR FILE. FORM 990, PART VI, SECTION C, LINE 18 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 4,292,005. MANAGEMENT AND GENERAL EXPENSES 509,391. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,801,396. SUBCONTRACTOR EXPENSE: PROGRAM SERVICE EXPENSES 50,444,935. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 50,444,935. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE IN THIS PROCESS FROM THE PRIOR YEAR. UPLAND RESEARCH INSTITUTE PO BOX 5097 BLOOMINGTON IN 47407 921274253 RESEARCH AND CONSULTING IN 0 50000 APPLIED RESEARCH INSTITUTE MIDWEST HYDROGEN CORRIDOR COALITION INC PO BOX 5097 BLOOMINGTON IN 47407 933034529 CLEAN ENERGY COALITION IN 501(C)(3) LINE 7 APPLIED RESEARCH INSTITUTE INC 1 UPLAND TECHNICAL SOLUTIONS INC PO BOX 5097 BLOOMINGTON IN 47407 921385024 RESEARCH AND CONSULTING IN APPLIED RESEARCH INSTITUTE C 50000 1.00000 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 UPLAND TECHNICAL SOLUTIONS INC D 50000 FMV UPLAND TECHNICAL SOLUTIONS, INC., EIN: 92-1385024, 2719 E. 10TH STREET, SUITE 114 BLOOMINGTON, IN 47408EXPENSES $0APPLIED RESEARCH INSTITUTE, INC., EIN: 93-3034529, 2719 E. 10TH STREET NO. 114 BLOOMINGTON, IN 47408 EXPENSES $30,423MIDWEST HYDROGEN CORRIDOR COALITION, INC., EIN: 82-1443757, 2719 E. 10TH STREET NO. 114 BLOOMINGTON, IN 47408 EXPENSES $68,231,647