ASPHALT INSTITUTE INC Charity Report

Public IRS 990 nonprofit record

ASPHALT INSTITUTE INC

EIN 61-1148531 · Science & Technology (U)

What they do

THROUGH EDUCATION, ENGINEERING, TECHNICAL DEVELOPMENT, ENVIRONMENTAL STEWARDSHIP and MARKETING LEADERSHIP, THE ASPHALT INSTITUTE PROMOTES THE SAFE USE, BENEFITS, and QUALITY PERFORMANCE of PETROLEUM ASPHALTS IN A UNIFIED VOICE for OUR MEMBERSHIP.

Before you give

Should I give to this charity?

Easy charity check

The spending raises an important question

Of every $100 spent, about $12.70 was reported for mission work and $0.00 for fundraising. Understand this before you give.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders41 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

12.54%of revenue went to mission work12.7% of expenses · Program services

$98.75spent for every $100 of revenueRevenue covered expenses this year.

$1.57in assets for every $1 spent this yearSome assets cannot be spent right away.

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What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $538,643 for PETER T GRASS (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$9,562,397

Mission workProgram services$1,199,23012.54% of revenue12.7% of expenses

ManagementOffice and general costs0.00% of revenue0.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$119,9281.25% of revenueShown in gray on the chart

Total expenses$9,442,46998.75% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Pause before giving. This filing reports that 0.0% of spending went to fundraising and 12.7% went to mission work. Ask the charity to explain these numbers and show recent results.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 12.7% mission · 0.0% management · 0.0% fundraisingTotal expenses: 98.75% of revenue

2023Expense mix: 15.7% mission · 0.0% management · 0.0% fundraisingTotal expenses: 92.20% of revenue

2022Expense mix: 17.8% mission · 0.0% management · 0.0% fundraisingTotal expenses: 107.62% of revenue

2021Expense mix: 13.6% mission · 0.0% management · 0.0% fundraisingTotal expenses: 90.84% of revenue

2020Expense mix: 8.5% mission · 0.0% management · 0.0% fundraisingTotal expenses: 97.49% of revenue

2019Expense mix: 18.7% mission · 0.0% management · 0.0% fundraisingTotal expenses: 106.36% of revenue

2018Expense mix: 18.6% mission · 0.0% management · 0.0% fundraisingTotal expenses: 97.38% of revenue

2017Expense mix: 17.8% mission · 0.0% management · 0.0% fundraisingTotal expenses: 99.35% of revenue

Money in and money out

Revenue$9,562,397

Expenses$9,442,469

Annual surplus $119,928 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,199,230 · 12.7% of expenses

See all reported dollar amounts

Revenue$9,562,397

Expenses$9,442,469

Assets$14,798,159

Income$11,240,361

Mission work (program services)$1,199,230

Grants given$88,464

Average grant$11,058

Stocks and bonds$8,580,240

Accounting fees$31,499

Investing fees$39,531

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

PETER T GRASSPRESIDENT · 45 hrs/week $538,643Base $511,560 · Other $27,083

MARK BUNCHERDIRECTOR OF ENGINEERING · 40 hrs/week $239,356Base $219,334 · Other $20,022

DANIEL GIERHARTDEPUTY DIRECTOR OF ENGINEERING · 40 hrs/week $230,865Base $193,293 · Other $37,572

PAUL SOHIDIRECTOR HS & E · 40 hrs/week $229,744Base $193,376 · Other $36,368

MIKE ANDERSONDIRECTOR OF RESEARCH & LAB · 40 hrs/week $225,260Base $187,967 · Other $37,293

TRACIE SCHLICHDIRECTOR OF MARKETING & MEMBERSHIP · 40 hrs/week $223,641Base $206,778 · Other $16,863

DANIELLE STEINBERGDIR. FINANCE & ADMIN/SECRETARY · 45 hrs/week $186,489Base $151,886 · Other $34,603

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (41)

PETER T GRASSPRESIDENT

MARK BUNCHERDIRECTOR OF ENGINEERING

DANIEL GIERHARTDEPUTY DIRECTOR OF ENGINEERING

PAUL SOHIDIRECTOR HS & E

MIKE ANDERSONDIRECTOR OF RESEARCH & LAB

TRACIE SCHLICHDIRECTOR OF MARKETING & MEMBERSHIP

DANIELLE STEINBERGDIR. FINANCE & ADMIN/SECRETARY

ROB TREECECHAIR

ROD PULLENDIRECTOR

SETH HANKOWSKIDIRECTOR

STEPHEN RICKETTSDIRECTOR

KEVIN YOCCADIRECTOR

PATRICK NATIONDIRECTOR

STEVE MUSONDIRECTOR

MICHAEL MUHRDIRECTOR

MATTHEW PAKKALADIRECTOR

MATT JOHNSONDIRECTOR

MARTIIN RAYDIRECTOR

STEVE THWEATTDIRECTOR

LUIS BENAVIDESDIRECTOR

LORA COLLINSDIRECTOR

LEE SCHLOSSDIRECTOR

DOMINIC KRUGGELDIRECTOR

BOB SEDONDIRECTOR

BRAD SCHMITZDIRECTOR

BRENT BANACHDIRECTOR

CHARLES BOANVICE CHAIR

CHIP RAYDIRECTOR

CHRIS CAMPBELLDIRECTOR

CLINT RYBAKDIRECTOR

CRAIG FABRIZIOTREASURER

DAMON KREHBIELDIRECTOR

KRISTINA EITINGDIRECTOR

DONNA KWAPISDIRECTOR

ED STARBUCKDIRECTOR

FRANK SUITS JRDIRECTOR

GENEVIEVE THERIAULTDIRECTOR

JAMES RAWSONDIRECTOR

JEFF GIBBSDIRECTOR

JOHN BROWNIEDIRECTOR

BOB CHEEVERDIRECTOR

About this charity

Recognized since: January 1989
Location: 2696 RESEARCH PARK DRIVE, LEXINGTON, KY 405118480
County: Fayette
In care of: REED RYAN
Primary officer: REED RYAN, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Emailinfo@asphaltinstitute.org Phone(859) 288-4960

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: DEAN DORTON ALLEN FORD PLLC
NTEE classification: Science & Technology (U)
IRS tax category: Science & Technology
Grant-giving organization: Yes