2025-09-02T08:53:15-05:00 2024-12-31 273858252 DEAN DORTON ALLEN FORD PLLC 250 W MAIN STREET STE 1400 LEXINGTON KY 40507 990 2024-01-01 611148531 ASPHALT INSTITUTE INC ASPH 8592884960 2696 RESEARCH PARK DRIVE LEXINGTON KY 405118480 REED RYAN PRESIDENT 8592884960 2025-08-20 1 0 ALLISON C CARTER P01242412 8592552341 2024 2025-03-06 01:10:19Z PETER T GRASS 2696 RESEARCH PARK DRIVE LEXINGTON KY 405118480 11240361 0 X WWW.ASPHALTINSTITUTE.ORG X 1919 KY TRADE ASSOCIATION DEDICATED TO PROMOTING THE PETROLEUM-BASED ASPHALT INDUSTRY 34 34 33 245 925224 0 0 0 8597251 8624062 284111 437508 392027 500827 9273389 9562397 10035 10007 0 0 5144356 5187680 0 0 0 3395684 4244782 8550075 9442469 723314 119928 13421979 14798159 1977140 2680891 11444839 12117268 X 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. 0 0 185657 540064 PUBLICATIONS PROGRAM. THE ASPHALT INSTITUTE DEVELOPS A WIDE RANGE OF SAFETY AND EDUCATIONAL MATERIALS. THESE INCLUDE TEXTBOOK-SIZED TECHNICAL MANUALS, SMALLER TOPICAL PUBLICATIONS, A SUBSCRIPTION-FREE ON-LINE AND PRINT MAGAZINE AIMED AT PROMOTING QUALITY CONSTRUCTION OF ASPHALT PAVEMENTS, AMONG MANY OTHERS. SAFETY-RELATED PUBLICATIONS INCLUDE BOTH PRINT AND VIDEO MEDIA TO HELP EDUCATE WORKERS AND PREVENT ACCIDENTS. PROPRIETARY SOFTWARE IS OFFERED TO HELP MANAGE LABORATORY QUALITY MANUALS A KEY COMPONENT OF LAB CERTIFICATION PROGRAMS. 15275 299169 INDUSTRY RESEARCH. THE ASPHALT INSTITUTE CONDUCTS BOTH FUNDED AND NON-FUNDED RESEARCH RELATED TO ASPHALT MIXTURES, ASPHALT BINDERS, AND ASPHALT EMULSIONS. THE GENERAL GOAL OF THIS RESEARCH IS TO ADVANCE THE KNOWLEDGE OF ASPHALT BINDERS AND MIXTURES AND TO IMPROVE PERFORMANCE. PUBLIC RESEARCH IS PUBLISHED AND PRESENTED IN TECHNICAL CONFERENCES WORLDWIDE. 152861 887184 TRAINING. UNDER THE ASPHALT ACADEMY BRAND, THE ASPHALT INSTITUTE DEVELOPS AND OFFERS A WIDE RANGE OF TRAINING, BOTH WEB-BASED AND IN-PERSON, TO AUDIENCES WORLDWIDE. SOME TRAINING COURSES CAN LEAD TO INDIVIDUAL CERTIFICATION BY SPECIALTY. EXAMPLES OF TRAINING INCLUDE BASIC BINDER TECHNICIAN TRAINING, CONSTRUCTION OF QUALITY ASPHALT PAVEMENTS, PAVEMENT INSPECTOR CERTIFICATION, BASIC ROOFING TECHNICIAN TRAINING, TO LIST A FEW. THESE TRAINING PROGRAMS ARE A MAJOR PART OF THE ASPHALT INSTITUTE'S MISSION TO PROVIDE CONTINUING EDUCATION FOR THE INDUSTRY. 845437 1059330 MEMBERSHIP SERVICES. THE ASPHALT INSTITUTE CONDUCTS THREE LARGE IN-PERSON MEMBERSHIP MEETINGS PER YEAR DURING WHICH THE ORGANIZATION'S 12 STANDING COMMITTEES MEET. A LEADERSHIP DEVELOPMENT PROGRAM FOR MEMBERS, FIRST-TIME PARTICIPANT IN MEETINGS, MENTOR PROGRAM, ROBUST VOLUNTEER PROGRAM, AND OTHER INTERNAL PROGRAMS FOSTER MEMBER ENGAGEMENT. MEMBERS ARE ALSO KEPT ABREAST OF INDUSTRY ACTIVITIES AND TRENDS VIA THE ORGANIZATION'S MONTHLY ENEWS AND OTHER SERVICES. 845437 1059330 1199230 0 0 0 1 0 0 0 0 0 1 0 0 0 1 0 1 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 24 0 1 33 1 1 1 0 0 0 0 0 0 0 X 34 34 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X DANIELLE STEINBERG 8592884966 2696 RESEARCH PARK DRIVE LEXINGTON KY 405118480 ROB TREECE CHAIR 3.00 X 0 0 0 CRAIG FABRIZIO TREASURER 1.00 X 0 0 0 CHARLES BOAN VICE CHAIR 1.00 1.00 X 0 0 0 SETH HANKOWSKI DIRECTOR 1.00 X 0 0 0 JOHN BROWNIE DIRECTOR 1.00 X 0 0 0 LORA COLLINS DIRECTOR 1.00 X 0 0 0 KEVIN YOCCA DIRECTOR 1.00 X 0 0 0 DAMON KREHBIEL DIRECTOR 1.00 X 0 0 0 MATT JOHNSON DIRECTOR 1.00 X 0 0 0 GENEVIEVE THERIAULT DIRECTOR 1.00 X 0 0 0 CHRIS CAMPBELL DIRECTOR 1.00 1.00 X 0 0 0 STEVE MUSON DIRECTOR 1.00 X 0 0 0 DONNA KWAPIS DIRECTOR 1.00 X 0 0 0 LEE SCHLOSS DIRECTOR 1.00 1.00 X 0 0 0 LUIS BENAVIDES DIRECTOR 1.00 X 0 0 0 CHIP RAY DIRECTOR 1.00 1.00 X 0 0 0 BOB CHEEVER DIRECTOR 1.00 1.00 X 0 0 0 JEFF GIBBS DIRECTOR 1.00 X 0 0 0 BRENT BANACH DIRECTOR 1.00 X 0 0 0 MARTIIN RAY DIRECTOR 1.00 X 0 0 0 PATRICK NATION DIRECTOR 1.00 1.00 X 0 0 0 JAMES RAWSON DIRECTOR 1.00 X 0 0 0 BRAD SCHMITZ DIRECTOR 1.00 X 0 0 0 STEVE THWEATT DIRECTOR 1.00 X 0 0 0 DOMINIC KRUGGEL DIRECTOR 1.00 X 0 0 0 KRISTINA EITING DIRECTOR 1.00 X 0 0 0 CLINT RYBAK DIRECTOR 1.00 X 0 0 0 ED STARBUCK DIRECTOR 1.00 X 0 0 0 BOB SEDON DIRECTOR 1.00 X 0 0 0 MICHAEL MUHR DIRECTOR 1.00 X 0 0 0 FRANK SUITS JR DIRECTOR 1.00 X 0 0 0 STEPHEN RICKETTS DIRECTOR 1.00 X 0 0 0 ROD PULLEN DIRECTOR 1.00 X 0 0 0 MATTHEW PAKKALA DIRECTOR 1.00 X 0 0 0 PETER T GRASS PRESIDENT 45.00 7.30 X 511560 0 27083 DANIELLE STEINBERG DIR. FINANCE & ADMIN/SECRETARY 45.00 4.50 X 151886 0 34603 TRACIE SCHLICH DIRECTOR OF MARKETING & MEMBERSHIP 40.00 X 206778 0 16863 MARK BUNCHER DIRECTOR OF ENGINEERING 40.00 X 219334 0 20022 MIKE ANDERSON DIRECTOR OF RESEARCH & LAB 40.00 X 187967 0 37293 PAUL SOHI DIRECTOR HS & E 40.00 X 193376 0 36368 DANIEL GIERHART DEPUTY DIRECTOR OF ENGINEERING 40.00 X 193293 0 37572 1664194 0 209804 17 0 1 0 0 MEMBERSHIP DUES 900099 5686291 5686291 MEETINGS 541610 1028600 1028600 RESEARCH & TESTING 541380 1021987 197604 824383 SEMINARS 541610 887184 887184 8624062 394425 394425 1619254 7600 1581649 2122 37605 5478 43083 43083 439224 94193 345031 345031 ADVERTISING 541800 100841 100841 EPIC 900099 30730 30730 MISCELLANEOUS INCOME 900099 24225 24225 155796 9562397 8199665 925224 437508 10007 725132 3400454 226143 555013 280938 66628 31499 39531 69837 13661 80999 326740 345557 300460 957980 1639 372927 81410 HEALTH & SAFETY RESEARC 460296 MISCELLANEOUS 308631 DUES & SUBSCRIPTIONS 166807 SEMINAR EXPENSES 152860 467320 9442469 401495 770676 1302789 1680614 704468 646302 37825 35569 254307 271304 8680809 6006420 2578344 2674389 8013078 8580240 71388 74782 58285 64283 13421979 14798159 841510 1400083 1033265 1186105 102365 94703 1977140 2680891 X 11426863 12106991 17976 10277 11444839 12117268 13421979 14798159 119928 552501 0 X X 0 1 X 1 0 0 1 0 2060531 2060531 0 5814339 3512237 2302102 805939 433652 372287 2674389 CAPITAL LEASE OBLIGATIONS 30420 RIGHT OF USE - OPERATING LEASE 64283 94703 10196882 552501 25200 96315 674016 9522866 39531 39531 9562397 9524453 25200 96315 121515 9402938 39531 39531 9442469 PART XI, LINE 2D - OTHER ADJUSTMENTS: PUBLICATIONS COST OF GOODS SOLD NETTED ON FORM 990 94,193. LOSS ON SALE OF ASSETS 2,122. PART XII, LINE 2D - OTHER ADJUSTMENTS: PUBLICATIONS COST OF GOODS SOLD NETTED ON FORM 990 94,193. LOSS ON SALE OF ASSETS 2,122. NORTH AMERICA - CANADA 1 1 PROGRAM SERVICES, MEETINGS PROMOTES THE USE, BENEFITS AND QUALITY PERFORMANCE OF PETROLEUM ASPHALT 208244 1 1 0 0 1 1 208244 0 208244 0 0 0 0 0 0 1 ASPHALT INSTITUTE FOUNDATION INC 2696 RESEARCH PARK DRIVE LEXINGTON KY 40511 471154832 501(C)(3) 10000 7 BOOK PRINT MATERIALS PROVIDE SUPPORT TO RELATED ORGANIZATION TO CONDUCT RESEARCH AND EDUCATIONAL ACTIVITIES THAT ARE DESIGNED TO ADVANCE AND IMPROVE BOTH THE LIQUID ASPHALT INDUSTRY AND THE WELFARE OF THE GENERAL PUBLIC. 1 0 PART I, LINE 2: THE ASPHALT INSTITUTE FOUNDATION IS A RELATED ORGANIZATION WITH SOME OVERLAPPING BOARD MEMBERS WITH THE ASPHALT INSTITUTE. A MAJOR ROLE FOR THE ASPHALT INSTITUTE FOUNDATION'S BOARD IS TO PROVIDE OVERSIGHT AND APPROVAL OF ALL EDUCATIONAL AND RESEARCH GRANTS. X 1 1 X X X X 0 0 0 PETER T GRASS PRESIDENT 432000 0 75000 0 4560 0 22200 0 4883 0 538643 0 0 0 MARK BUNCHER DIRECTOR OF ENGINEERING 208000 0 7000 0 4334 0 15366 0 4656 0 239356 0 0 0 DANIEL GIERHART DEPUTY DIRECTOR OF ENGINEERING 185600 0 4000 0 3693 0 13532 0 24040 0 230865 0 0 0 PAUL SOHI DIRECTOR HS & E 185500 0 4300 0 3576 0 13467 0 22901 0 229744 0 0 0 MIKE ANDERSON DIRECTOR OF RESEARCH & LAB 180200 0 4500 0 3267 0 13160 0 24133 0 225260 0 0 0 TRACIE SCHLICH DIRECTOR OF MARKETING & MEMBERSHIP 205000 0 0 0 1778 0 6203 0 10660 0 223641 0 0 0 DANIELLE STEINBERG DIR. FINANCE & ADMIN/SECRETARY 140000 0 9000 0 2886 0 10851 0 23752 0 186489 0 0 0 PART I, LINE 1A THE ASPHALT INSTITUTE REIMBURSES THE PRESIDENT FOR SPOUSE TRAVEL TO ATTEND THE ORGANIZATION'S ANNUAL MEETING. THE PRESIDENT'S SPOUSE IS RESPONSIBLE FOR SPECIAL SPOUSE EVENTS AT THIS MEETING. NO OTHER SPOUSAL TRAVEL IS REIMBURSED. THROUGHOUT THE YEAR, THE PRESIDENT'S EXPENSES ARE REVIEWED BY THE ASPHALT INSTITUTE BOARD CHAIR FOR APPROVAL PRIOR TO PAYMENT. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE ASPHALT INSTITUTE ARE PRIMARILY COMPANIES ENGAGED IN THE MANUFACTURING OR RESALE OF LIQUID ASPHALT BOTH WITHIN AND OUTSIDE THE UNITED STATES. MEMBERS ALSO INCLUDE COMPANIES WHO ARE ASPHALT TERMINAL OPERATORS, SALES AGENTS, ADDITIVE MANUFACTURERS, PURCHASE ASPHALT IN BULK QUANTITIES FOR COMMERCIAL END-USE APPLICATIONS, TRANSPORTERS, COMMERCIAL TESTING LABS, AND EQUIPMENT MANUFACTURERS OR SUPPLIERS. THE MAJORITY OF THE MEMBERS' BUSINESS IS IN THE UNITED STATES. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE ORGANIZATION ELECT BOARD MEMBERS. VOTING PRIVILEGES ARE DESIGNATED IN AI BYLAWS UNDER SECTION 3.3 FORM 990, PART VI, SECTION A, LINE 7B REPRESENTATION AND VOTING PRIVILEGES ON THE BOARD AND THE EXECUTIVE COMMITTEE ARE PROVIDED FOR IN ASPHALT INSTITUTE'S(AI)BY-LAWS AND DIFFER BY MEMBERSHIP CATEGORY. A BOARD MEETING IS HELD AT THE ANNUAL MEETING WHERE ANNUAL BUDGETS AND DUES RATES ARE APPROVED AND OFFICERS ARE ELECTED. AN EXECUTIVE COMMITTEE IS ALSO APPOINTED ANNUALLY. THE EXECUTIVE COMMITTEE HAS AUTHORITY TO ACT FOR THE BOARD ON ALL MATTERS EXCEPT THEY MAY NOT ADOPT A BUDGET OR SET DUES, CHANGE BY-LAWS, REMOVE OFFICERS, DIRECTORS AND COMMITTEE MEMBERS, REVISE ANY BOARD-APPROVED BUDGET BY MORE THAN $250,000, MERGE, CONSOLIDATE, DISSOLVE OR DISTRIBUTE ASSETS OF THE INSTITUTE, OR SELL, LEASE, EXCHANGE OR MORTGAGE ANY AI PROPERTY OR ASSETS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS FIRST REVIEWED BY AI'S INTERNAL FINANCIAL MANAGERS. THE FORM 990 IS THEN PRESENTED TO THE TREASURER AND THE MEMBERS OF THE AI FINANCE COMMITTEE FOR A THOROUGH REVIEW BEFORE FILING. A FINAL COPY OF THE FORM 990 IS PROVIDED IN ITS ENTIRETY TO THE TREASURER. A COPY CAN BE REQUESTED BY CONTACTING THE COMPANY DIRECTLY. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY DEFINES WHAT CONSTITUTES A CONFLICT OF INTEREST, WHO IS COVERED BY THE POLICY (OFFICERS, DIRECTORS, KEY EMPLOYEES), WHAT DISCLOSURE IS REQUIRED AND PROCEDURES TO MANAGE. THE POLICY IS SHARED WITH ALL ASPHALT INSTITUTE STAFF, OFFICERS, AND DIRECTORS AT AN ANNUAL MEETING IN DECEMBER OF EACH YEAR. THE PRESIDENT AND STAFF DIRECTORS MONITOR POTENTIAL, ACTUAL, PROPOSED, OR ONGOING CONFLICTS AND MUST DISCLOSE TO THE CHAIR OF THE BOARD. THE CONFLICT OF INTEREST POLICY IS REGULARLY AND CONSISTENTLY MONITORED AND ENFORCED. FORM 990, PART VI, SECTION B, LINE 15 THE COMPANY SUBSCRIBES TO AN ANNUAL COMPENSATION SURVEY SERVICE FOR THE POSITION OF PRESIDENT. THESE SURVEYS ARE FROM A REPUTABLE SOURCE AND SPECIFIC TO THE TRADE ASSOCIATION INDUSTRY. OTHER KEY EMPLOYEES WILL OFTEN BE SUBJECT TO A SALARY SURVEY, BUT NOT NECESSARILY ON AN ANNUAL BASIS. ANNUAL EVALUATIONS ARE REQUIRED FOR ALL EMPLOYEES. ALL ACTIONS CONCERNING THE COMPENSATION OF THE PRESIDENT ARE SUBJECT TO REVIEW AND APPROVAL OF THE PERSONNEL ADVISORY COMMITTEE AND ULTIMATE APPROVAL OF THE AI BOD. FORM 990, PART VI, SECTION C, LINE 18 FORM 1024 AND FORM 990 ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. PART XII, LINE 2C: ASPHALT INSTITUTE'S FINANCE COMMITTEE IS RESPONSIBLE FOR OVERSEEING THE AUDIT AND THE SELECTION OF THE INDEPENDENT AUDITOR. ASPHALT INSTITUTE FOUNDATION INC 2696 RESEARCH PARK DRIVE LEXINGTON KY 40511 471154832 CONDUCT STRATEGIC RESEARCH AND EDUCATIONAL ACTIVITIES KY 501(C)(3) LINE 7 ASPHALT INSTITUTE INC 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0