2026-08-13T07:28:07-05:00 2025-12-31 273858252 DEAN DORTON ALLEN FORD PLLC 250 W MAIN STREET STE 1400 LEXINGTON KY 40507 990 2025-01-01 471154832 ASPHALT INSTITUTE FOUNDATION INC ASPH 8592884960 2696 RESEARCH PARK DRIVE LEXINGTON KY 40511 REED RYAN PRESIDENT 8592884960 2026-08-10 1 BRYAN PAUTSCH P00034913 8592552341 2026-07-20 2025 2025-03-06 01:10:19Z REED RYAN 2696 RESEARCH PARK DRIVE LEXINGTON KY 40511 1826657 0 X WWW.ASPHALTFOUNDATION.ORG X 2014 KY TO CONDUCT STRATEGIC RESEARCH AND EDUCATIONAL ACTIVITIES - "SEE SCHEDULE O FOR CONTINUATION" 12 12 0 103 0 0 490402 436111 0 0 214022 357174 -43051 -16029 661373 777256 0 28005 0 0 0 0 0 0 46318 499077 306548 499077 334553 162296 442703 4849437 5498723 162983 101691 4686454 5397032 X SEE SCHEDULE O. 0 0 54129 28005 INTERNSHIP PROGRAM - THE ASPHALT INTERNSHIP PROGRAM WELCOMES INTERNS FROM ASPHALT INSTITUTE MEMBER COMPANIES, ALONG WITH RESEARCH ASSISTANTS, GRADUATE STUDENTS AND NEW PROFESSIONAL ENTERING THE INDUSTRY TO LEARN MORE ABOUT THE LIQUID ASPHALT INDUSTRY. THE PROGRAM FOCUSES ON HELPING STUDENTS UNDERSTAND THE VARIED INDUSTRY CAREER OPPORTUNITIES. THE STUDENTS TAKE PART IN LABORATORY TOURS, "ASPHALT 101" PRESENTATIONS AND LEARN PRACTICAL ADVICE FOR THEIR INTERNSHIP EXPERIENCE. STUDENT PARTICIPANTS ALSO HAVE AN OPPORTUNITY TO ATTEND THE ASPHALT INSTITUTE'S SUMMER MEETING TO NETWORK WITH MEMBER COMPANIES AND FURTHER LEARN ABOUT JOB AVENUES WITHIN THE INDUSTRY.BILL AND SHIREEN KIRK SCHOLARSHIP FUND - THIS FUND ANNUALLY AWARDS COLLEGE SCHOLARSHIPS TO STUDENTS PURSUING BACHELORS, MASTERS OR DOCTORAL DEGREES IN AREAS DESIGNATED BY THE SCHOLARSHIP GUIDELINES. SPECIAL CONSIDERATION IS GIVEN TO STUDENTS WHO ARE PURSUING DEGREES IN CIVIL INFRASTRUCTURE, PARTICULARLY IN THE AREA OF ASPHALT MATERIALS AND THEIR USE. SCHOLARSHIP MONIES ARE PAID DIRECTLY TO A RECIPIENT'S INSTITUTION AND MAY BE APPLIED TO QUALIFIED EDUCATION EXPENSES SUCH AS TUITION, BOOKS AND RELATED COURSE FEES. ASPHALT TECHNOLOGY MODULE & TEXTBOOK PROGRAM - LAUNCHED IN 2020, THE ASPHALT TECHNOLOGY MODULE CONSISTS OF LECTURES DESIGNED TO ASSIST PROFESSORS IN INTEGRATING ASPHALT CURRICULUM INTO A BASIC ENGINEERING OR CONSTRUCTION MATERIALS COURSE FOR UNDERGRADUATE STUDENTS. THE MODULE PACKAGE INCLUDES SYLLABUS, POWERPOINT SLIDES, LECTURE NOTES, TEACHING TIPS, PRACTICE PROBLEMS AND ELECTRONIC BOOK PUBLICATIONS FOR STUDENTS TO UTILIZE DURING THE COURSE. THE MODULE IS COMPLIMENTARY TO UNIVERSITY PROFESSORS IN THE UNITED STATES AND CANADA FOR CLASSROOM USE. ADDITIONALLY, INDIVIDUAL AND CORPORATE DONORS HAVE SPONSORED HARDCOPY PUBLICATIONS FOR THESE CLASSROOMS THROUGH THE AI FOUNDATION'S TEXTBOOK PROGRAM, WHICH ALLOW STUDENTS TO BUILD THEIR OWN PROFESSIONAL RESOURCE LIBRARIES WITH RELEVANT INDUSTRY PUBLICATIONS. 110387 STRATEGIC ASPHALT RESEARCH (STAR) SYMPOSIUM - THE STRATEGIC ASPHALT RESEARCH (STAR) SYMPOSIUM AIMS TO IDENTIFY LONG-TERM STRATEGIC RESEARCH AND INNOVATION THAT WILL BE NEEDED TO ENSURE A ROBUST ASPHALT INDUSTRY FOR GENERATIONS TO COME. EVENTS HELD IN 2017 AND 2022 ASSEMBLED A DIVERSE GROUP OF INDIVIDUALS TO PARTICIPATE IN THE SYMPOSIUM THAT ALLOWED DISCUSSION AND IDEA SHARING AROUND TOPICS SUCH AS: HUMAN NEEDS/WORKFORCE DEVELOPMENT, ENVIRONMENTAL SUSTAINABILITY, PERFORMANCE/DURABILITY, AND ECONOMICS/INFRASTRUCTURE POLICY AND FUNDING. IDEAS GENERATED WERE PRIORITIZED INTO GOALS AND STRATEGIES LEADING TO THE CREATION OF SYMPOSIUM REPORTS THAT SEEK TO IDENTIFY AND BUILD SOLUTIONS FOR THE BETTERMENT OF THE ASPHALT BINDER INDUSTRY'S FUTURE. THE INFORMATION CONTAINED IN THESE REPORTS SERVES AS A CATALYST TO IDENTIFY FUTURE RESEARCH NEEDS AND PROJECTS.FRED M. FEHSENFELD, SR. CATALYST FOR CHANGE INITIATIVE FUND - THIS FUND PROMOTES THE DEVELOPMENT OF INITIATIVE COMPATIBLE RESEARCH NEEDS STATEMENTS. THE FUND SUPPORTS AND PROMOTES INNOVATION IN THE ASPHALT INDUSTRY INCLUDING PUBLIC PROCUREMENT METHODOLOGY, TRANSPORTATION SYSTEM DESIGNS FEATURING ASPHALT PAVEMENTS, TESTING METHODOLOGY ENABLING PERFORMANCE PREDICTION OF ASPHALT BINDERS AND MIXTURES AND RESEARCH ON THE HUMAN HEALTH EFFECTS FROM EXPOSURE TO ASPHALT PRODUCTS AND MIXTURES.ERGON FOUNDATION, INC. FUND - THIS FUND SUPPORTS RESEARCH AGENDAS, TOPICS AND NEEDS STATEMENTS THAT ARE CONSISTENT WITH THE ERGON FOUNDATION'S INTEREST AND VISION TO ADVANCE THE LIQUID ASPHALT BINDER INDUSTRY. SUSTAINABILITY RESEARCH FUND - THIS FUND SUPPORTS RESEARCH FOCUSED ON A PRAGMATIC UNDERSTANDING OF MARKETS, VELOCITY OF CHANGE AND THE REALITIES OF AN ASPHALT BINDER TRANSITION TO A NET-ZERO CARBON FUTURE AS THE US DEPARTMENT OF TRANSPORTATION SEEKS AN ECONOMY WIDE NET-ZERO TRANSITION BY THE YEAR 2050. THE FUND SUPPORTS RESEARCH TO HELP UNDERSTAND THESE IMPORTANT DYNAMICS AND THEIR IMPACTS ON THE FUTURE USE OF ASPHALT AS A CONSTRUCTION MATERIAL. IT WILL ALSO HELP ENSURE FULL UNDERSTANDING OF THE BENEFITS OF A FULLY RECYCLABLE PAVING SYSTEM WHEN USING ASPHALT BINDERS. THE RESEARCH IS INTENDED TO BE A MAJOR AID IN THE SUSTAINABILITY EDUCATION OF POLICY MAKERS, AGENCIES, AND CUSTOMERS AT ALL LEVELS. STRATEGIC RESEARCH PROGRAM - THIS PROGRAM, GUIDED BY THE AIF RESEARCH COMMITTEE, FOCUSES ON FULFILLING RESEARCH NEEDS STATEMENTS AND PROPOSALS THAT FOCUS ON PERTINENT ISSUES IDENTIFIED BY TECHNICAL INDUSTRY EXPERTS. OUTSIDE DONORS MAY FUND RESEARCH PROJECTS MANAGED BY THE AI FOUNDATION. RESEARCH IS CONDUCTED BY QUALIFIED RESEARCH FACILITIES WITH WORK AND PROJECT MILESTONES MONITORED BY THE AIF RESEARCH COMMITTEE. FINAL REPORTS OF RESEARCH FINDINGS ARE PUBLISHED UNDER THE AI FOUNDATION'S NAME AND MADE AVAILABLE TO THE PUBLIC THROUGH PUBLIC WEBINARS AND POSTS ON THE ORGANIZATION'S WEBSITE. 164516 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 KY X THE ORGANIZATION 8592884960 2696 RESEARCH PARK DRIVE LEXINGTON KY 40511 KEVIN MCGLUMPHY CHAIR 3.00 X 0 0 0 SEAN JENDRY TREASURER 1.00 1.00 X 0 0 0 RALPH SHIRTS EX-OFFICIO (VOTING) 1.00 X 0 0 0 JOHN BARRINGTON EX-OFFICIO (VOTING) 1.00 X 0 0 0 LAURAND LEWANDOWSKI DIRECTOR 1.00 X 0 0 0 PATRICK NATION DIRECTOR 1.00 1.00 X 0 0 0 CHRIS CAMPBELL DIRECTOR 1.00 X 0 0 0 DAVE HENDERSON VICE CHAIR 1.00 X 0 0 0 LORA COLLINS DIRECTOR 1.00 X 0 0 0 BROOKE DEVINCENZI DIRECTOR 1.00 X 0 0 0 ROB TREECE DIRECTOR 1.00 X 0 0 0 SETH HANKOWSKI EX-OFFICIO (VOTING) 1.00 X 0 0 0 REED RYAN PRESIDENT 2.00 45.00 X 0 423534 58276 DANIELLE STEINBERG SECRETARY 5.00 45.00 X 0 188824 44688 0 612358 102964 0 0 1 0 0 56650 10000 369461 436111 210363 210363 1125818 979007 146811 146811 146811 54365 56650 70394 -16029 -16029 777256 0 0 341145 28005 28005 19397 19397 27784 27784 10000 10000 20358 20358 7272 7272 1523 1523 1000 1000 RESEARCH 99116 99116 REIMBURSEMENT OF SUPPOR 95993 13484 56549 25960 EDUCATION/SEMINARS 23911 23911 MISCELLANEOUS 194 194 334553 164516 123719 46318 106550 266763 101474 110322 17904 13828 66179 81563 19841 19841 0 0 4556474 5025391 856 856 4849437 5498723 162983 101041 650 162983 101691 X 2025770 2133194 2660684 3263838 4686454 5397032 4849437 5498723 442703 267875 0 X X 0 1 X 1 0 X 535518 649018 931774 490402 436111 3042823 535518 649018 931774 490402 436111 3042823 1693472 1349351 42888 53666 88258 192188 210363 587363 3630186 223675 0.37170 0.37580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2550833 124532 353242 28005 416026 14877 2569699 2053699 253750 257424 14040 2550833 1513786 250000 302054 500 11641 2053699 1882913 -358041 11086 1513786 1683675 207692 8454 1882913 0.73730 0.26270 0 0 19841 19841 0 0 1254057 267875 166316 70394 504585 749472 27784 27784 777256 543479 166316 70394 236710 306769 27784 27784 334553 PART V, LINE 4: BILL AND SHIREEN KIRK SCHOLARSHIP FUND PURPOSES OF THE FUND - INCOME OR EARNINGS EARNED OR RECEIVED ON THE PRINCIPAL OF THE FUND WILL BE USED TO PROVIDE COLLEGE AND UNIVERSITY SCHOLARSHIPS FOR "ELIGIBLE PARTICIPANTS." THE FUND SHALL BE USED SOLELY FOR CHARITABLE, EDUCATIONAL, SCIENTIFIC, LITERARY, OR RELIGIOUS PURPOSES (INCLUDING ANY COMBINATION OF SUCH PURPOSES) WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"), AND IN FURTHERANCE OF THE PURPOSES OF THE FOUNDATION, EITHER DIRECTLY BY THE FOUNDATION OR BY CONTRIBUTIONS TO OTHER ORGANIZATIONS FOR SUCH PURPOSES. FRED M. FEHSENFELD, SR. CATALYST FOR CHANGE INITIATIVE FUND PURPOSES OF THE FUND - THE FUND, INCLUDING THE PRINCIPAL AND INCOME OR EARNINGS EARNED OR RECEIVED ON THE PRINCIPAL, WILL BE USED TO HONOR THE LEGACY OF FRED M. FEHSENFELD, SR. AS AN INNOVATOR AND TIRELESS INDUSTRY SUPPORTER THROUGH FUNDING RESEARCH AND EDUCATION THAT PROMOTES INNOVATION IN THE ASPHALT INDUSTRY. THE FUND WILL BE USED SOLELY FOR CHARITABLE, EDUCATIONAL, SCIENTIFIC, LITERARY, OR RELIGIOUS PURPOSES (INCLUDING ANY COMBINATION OF SUCH PURPOSES) WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"), AND IN FURTHERANCE OF THE PURPOSES OF THE FOUNDATION, EITHER DIRECTLY BY THE FOUNDATION OR BY CONTRIBUTIONS TO OTHER ORGANIZATIONS FOR SUCH PURPOSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 70,394. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 70,394. GOLF TOURNAMENT 111015 56650 54365 2650 708 32413 14905 19718 111015 56650 54365 2650 708 32413 14905 19718 70394 -16029 1 SCHOLARSHIPS 7 28005 PART I, LINE 2: THE ORGANIZATION MONITORS THE USE OF ASSISTANCE THROUGH RECEIPTS AND REPORTS. THE ENTIRE PROCESS FROM SELECTION TO MONITORING IS CAPTURED IN MEETING MINUTES, AND RELATIVES OF MEMBERS OF THE SELECTION COMMITTEE, OFFICERS, OR DIRECTORS AREN'T ELIGIBLE FOR AWARDS MADE UNDER THE PROGRAM. 0 0 0 0 0 0 0 0 0 REED RYAN PRESIDENT 0 330000 0 40000 0 53534 0 22400 0 35876 0 481810 0 0 DANIELLE STEINBERG SECRETARY 0 177417 0 9500 0 1907 0 13218 0 31470 0 233512 0 0 SCHEDULE J, PART I, LINE 3 THE RELATED ORGANIZATION, ASPHALT INSTITUTE, INC, 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 RELATED ORGANIZATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD HAS DESIGNATED THE RESPONSIBILITY FOR REVIEW OF FORM 990 AS FOLLOWS: THE FORM 990 IS FIRST REVIEWED BY THE FOUNDATION'S INTERNAL FINANCIAL MANAGERS. THE FORM 990 IS THEN PRESENTED TO THE FOUNDATION'S TREASURER AND MEMBERS OF THE FOUNDATION'S FINANCE COMMITTEE FOR A THOROUGH REVIEW BEFORE APPROVING AND FILING. A COMPLETE COPY OF THE FINAL 990 IS PROVIDED TO THE TREASURER UPON FILING WITH THE IRS. 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, WHAT DISCLOSURE IS REQUIRED AND PROCEDURES TO MANAGE. THE FOUNDATION'S PRESIDENT AND EXECUTVE DIRECTOR, WILL MONITOR PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICTS OF INTEREST AND DISCLOSE THEM TO THE CHAIR OF THE BOARD OF DIRECTORS IN ORDER TO DEAL WITH POTENTIAL OR ACTUAL CONFLICTS. THE CONFLICT OF INTEREST POLICY IS REGULARLY AND CONSISTENTLY MONITORED AND ENFORCED. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION DOES NOT COMPENSATE ANY OFFICERS, DIRECTORS, OR EMPLOYEES. HOWEVER, THE PROCESS FOR DETERMINING THE COMPENSATION FROM A RELATED ORGANIZATION, THE ASPHALT INSTITUTE, IS AS FOLLOWS: THE COMPANY USES THE SERVICES OF AN HR CONSULTANT FOR THE POSITION OF PRESIDENT. THE SALARY BENCHMARKS PROVIDED ARE FROM A REPUTABLE SOURCE AND SPECIFIC TO THE TRADE ASSOCIATION INDUSTRY. OTHER KEY POSITIONS ARE OFTEN SIMILARLY SURVEYED, BUT NOT ON AN ANNUAL BASIS. ANNUAL PERFORMANCE EVALUATIONS ARE REQUIRED FOR ALL EMPLOYEES. THE COMPENSATION OF THE PRESIDENT IS REVIEWED BY THE PERSONNEL ADVISORY COMMITTEE WHICH IN TURN OBTAINS BOARD APPROVAL FOR ANY CHANGES. FORM 990, PART VI, SECTION C, LINE 18 FORM 1023 AND FORM 990 ARE AVAILABLE TO THE PUBLIC BY CONTACTING THE FOUNDATION'S OFFICES. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST, AT THE DISCRETION OF THE BOARD AND MANAGEMENT. FORM 990, PART XII, LINE 2C THE FOUNDATION'S BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSEEING THE AUDIT AND THE SELECTION OF THE INDEPENDENT AUDITOR. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART III, LINE 1 TO CONDUCT STRATEGIC RESEARCH AND EDUCATIONAL ACTIVITIES THAT ARE DESIGNED TO ADVANCE AND IMPROVE BOTH THE LIQUID ASPHALT INDUSTRY AND THE WELFARE OF THE GENERAL PUBLIC BY ENCOURAGING THE DEVELOPMENT OF FUTURE LEADERS IN THE SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS AREAS BY PROVIDING STUDENTS WITH THE OPPORTUNITY TO DISCOVER, HANDS-ON, THE TYPES OF CAREER OPPORTUNITIES AVAILABLE TO THEM IN THESE VITAL AREAS. THE FOUNDATION FOCUSES RESOURCES ON PUBLICLY AVAILABLE RESEARCH THAT WILL IMPROVE PUBLIC SAFETY BY PROVIDING BETTER AND MORE RELIABLE PRODUCTS AND THAT WILL REDUCE INFRASTRUCTURE COSTS BY EXTENDING PRODUCT LIVES. ASPHALT INSTITUTE INC 2696 RESEARCH PARK DRIVE LEXINGTON KY 40511 611148531 PROMOTE THE USE, BENEFITS, AND QUALITY PERFORMANCE OF PETROLEUM ASPHALT KY 501(C)(6) N/A N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0