2026-08-13T07:27:07-05:00 2025-12-31 273858252 DEAN DORTON ALLEN FORD PLLC 250 W MAIN STREET STE 1400 LEXINGTON KY 40507 990 2025-01-01 611148531 ASPHALT INSTITUTE INC ASPH 8592884960 2696 RESEARCH PARK DRIVE LEXINGTON KY 405118480 WILLIAM R REED PRESIDENT 8592884960 2026-08-10 1 BRYAN PAUTSCH P00034913 8592552341 2026-08-10 2025 2025-03-06 01:10:19Z WILLIAM R REED 2696 RESEARCH PARK DRIVE LEXINGTON KY 405118480 11496004 0 X WWW.ASPHALTINSTITUTE.ORG X 1919 KY TRADE ASSOCIATION DEDICATED TO PROMOTING THE PETROLEUM-BASED ASPHALT INDUSTRY 32 32 36 245 890413 0 0 0 8624062 8649385 437508 784986 500827 430102 9562397 9864473 10007 10000 0 0 5187680 5424306 0 0 0 4244782 3775069 9442469 9209375 119928 655098 14798159 15371647 2680891 2431947 12117268 12939700 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 PUBLICATIONS PROGRAM. THE ASPHALT INSTITUTE DEVELOPS A WIDE RANGE OF SAFETY AND EDUCATIONAL MATERIALS. THESE INCLUDE TEXTBOOK-SIZED TECHNICAL MANUALS, SMALLER TOPICAL PUBLICATIONS, AND A SUBSCRIPTION-FREE ONLINE 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. 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. TRAINING. 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, AND 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. 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 PARTICIPANTS 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. 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 16 0 36 1 1 1 0 0 0 0 0 0 0 X 32 32 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X DANIELLE STEINBERG 8592884966 2696 RESEARCH PARK DRIVE LEXINGTON KY 405118480 CHARLES BOAN CHAIR 3.00 X 0 0 0 BRIAN INNIGER TREASURER 1.00 X 0 0 0 SETH HANKOWSKI VICE CHAIR 1.00 X 0 0 0 LORA COLLINS DIRECTOR 1.00 X 0 0 0 ADAM REDMAN DIRECTOR 1.00 X 0 0 0 JEAN AZOURY DIRECTOR 1.00 X 0 0 0 SUZANNE PRESCOTT 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 X 0 0 0 KEITH BAALMANN DIRECTOR 1.00 X 0 0 0 DONNA KWAPIS DIRECTOR 1.00 X 0 0 0 LEE SCHLOSS DIRECTOR 1.00 X 0 0 0 SEAN JENDRY 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 MARTIN RAY DIRECTOR 1.00 X 0 0 0 PATRICK NATION DIRECTOR 1.00 1.00 X 0 0 0 BRAD SCHMITZ DIRECTOR 1.00 X 0 0 0 JAMES RAWSON DIRECTOR 1.00 X 0 0 0 BOB CHEEVER DIRECTOR 3.00 X 0 0 0 EDGARD HITTI 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 MICHAEL MUHR DIRECTOR 1.00 X 0 0 0 FRANK SUITS JR DIRECTOR 1.00 X 0 0 0 CODIE VOLPI DIRECTOR 1.00 X 0 0 0 BOB SEDON 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 REED RYAN PRESIDENT 45.00 2.00 X 423534 0 58276 DANIELLE STEINBERG SECRETARY AND VP OF FINANCE AND ADMINISTRATION 45.00 5.00 X 188824 0 44688 MARK BUNCHER VP ENGINEERING 40.00 X 229674 0 20733 DANIEL GIERHART DEPUTY DIRECTOR OF ENGINEERING 40.00 X 197593 0 45660 PAUL SOHI VP INDUSTRY STEWARDSHIP 40.00 X 207298 0 39323 MIKE ANDERSON VP RESEARCH & LABORATORY SERVICES 40.00 X 197075 0 45646 ROBERT G ALLEN REGIONAL ENGINEER 40.00 X 182733 0 48507 1626731 0 302833 17 0 1 0 0 MEMBERSHIP DUES 900099 5780536 5780536 RESEARCH AND TESTING 541380 1093238 279593 813645 MEETINGS 541610 996776 996776 SEMINARS 541610 778835 778835 8649385 426431 426431 1505809 356976 1057940 446290 447869 -89314 358555 358555 470862 127301 343561 343561 ADVERTISING 541800 76768 76768 MISCELLANEOUS INCOME 900099 9773 9773 86541 9864473 8189074 890413 784986 10000 612358 3625450 129354 759583 297561 34462 34395 40927 74271 224945 64859 341917 351547 280924 1052895 2559 365833 80357 HEALTH & SAFETY RESEARC 197887 GENERAL LABORATORY EXPE 158003 SEMINARS 150199 MISCELLANEOUS 149760 169329 9209375 770676 650033 1680614 1818105 646302 649572 35569 35721 271304 204922 8919558 5957972 2674389 2961586 8580240 8843445 74782 100463 64283 107800 14798159 15371647 1400083 1224904 1186105 1067515 94703 139528 2680891 2431947 X 12106991 12936835 10277 2865 12117268 12939700 14798159 15371647 655098 167334 0 X X 0 1 X 1 0 0 1 0 2060531 2060531 0 5697429 3213198 2484231 1161598 684243 477355 2961586 CAPITAL LEASE OBLIGATIONS 31728 RIGHT OF USE - OPERATING LEASE 107800 139528 10232695 167334 25200 216615 409149 9823546 40927 40927 9864473 9410263 25200 216615 241815 9168448 40927 40927 9209375 PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF ASSET 89,314. COST OF GOODS SOLD NETTED ON FORM 990 127,301. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF ASSET 89,314. COST OF GOODS SOLD NETTED ON FORM 990 127,301. NORTH AMERICA - CANADA 1 1 PROMOTE THE USE, BENEFITS AND QUALITY PERFORMANCE OF PETROLEUM ASPHALT PROMOTE THE USE, BENEFITS AND QUALITY PERFORMANCE OF PETROLEUM ASPHALT 213436 1 1 0 0 1 1 213436 0 213436 0 0 0 0 0 0 1 ASPHALT INSTITUTE FOUNDATION INC 2696 RESEARCH PARK DRIVE LEXINGTON KY 40511 471154832 501(C)(3) 10000 0 PROVIDE SUPPORT TO RELATED ORGANIZATION IN FURTHERANCE OF EXEMPT PURPOSES. 1 PART I, LINE 2: THE ORGANIZATION MONITORS THE USE OF GRANT FUNDS THROUGH RECEIPTS, REPORTS, AND REGULAR CHECK-INS. X 1 0 X X X X 0 0 0 REED RYAN PRESIDENT 330000 0 40000 0 53534 0 22400 0 35876 0 481810 0 0 0 MARK BUNCHER VP ENGINEERING 214000 0 8000 0 7674 0 16077 0 4656 0 250407 0 0 0 PAUL SOHI VP INDUSTRY STEWARDSHIP 199383 0 6000 0 1915 0 14511 0 24812 0 246621 0 0 0 DANIEL GIERHART DEPUTY DIRECTOR OF ENGINEERING 190300 0 4000 0 3293 0 13848 0 31812 0 243253 0 0 0 MIKE ANDERSON VP RESEARCH & LABORATORY SERVICES 187200 0 6500 0 3375 0 13795 0 31851 0 242721 0 0 0 DANIELLE STEINBERG SECRETARY AND VP OF FINANCE AND ADMI 177417 0 9500 0 1907 0 13218 0 31470 0 233512 0 0 0 ROBERT G ALLEN REGIONAL ENGINEER 178700 0 2500 0 1533 0 12791 0 35716 0 231240 0 0 0 PART I, LINE 1A THE ORGANIZATION REIMBURSES ITS PRESIDENT FOR TRAVEL EXPENSES INCURRED BY THE PRESIDENT'S SPOUSE 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. PART I, LINE 3 THE ORGANIZATION 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 ORGANIZATION'S BOARD OF DIRECTORS. 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 THAT 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 SECTION 3.3 OF THE ORGANIZATION'S BYLAWS. FORM 990, PART VI, SECTION A, LINE 7B REPRESENTATION AND VOTING PRIVILEGES ON THE BOARD AND THE EXECUTIVE COMMITTEE ARE PROVIDED FOR IN THE ORGANIZATION'S 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 ORGANIZATION, OR SELL, LEASE, EXCHANGE OR MORTGAGE ANY OF THE ORGANIZATION'S PROPERTY OR ASSETS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS FIRST REVIEWED BY THE ORGANIZATION'S INTERNAL FINANCIAL MANAGERS. THE FORM 990 IS THEN PRESENTED TO THE TREASURER AND THE MEMBERS OF THE FINANCE COMMITTEE FOR A THOROUGH REVIEW BEFORE FILING. A FINAL COPY OF THE FORM 990 IS PROVIDED IN ITS ENTIRETY TO BOARD MEMBERS. 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 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. INDIVIDUALS WITH A CONFLICT OF INTEREST DON'T VOTE ON SUCH MATTERS. 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 BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSEEING THE AUDIT AND THE SELECTION OF THE INDEPENDENT AUDITOR. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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