Nonprofit · EIN 20-4106910
ASE INCORPORATED
Tax-exempt · LEXINGTON, KY 40508
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $387,517 | $285,459 | $102,058 | $542,193 | $35,700 | $506,493 |
| December 31, 2024 | 990 | $394,519 | $279,348 | $115,171 | $426,235 | $21,800 | $404,435 |
| December 31, 2023 | 990 | $285,515 | $230,786 | $54,729 | $299,464 | $10,200 | $289,264 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $153,206
- Program service revenue
- $180,920
- Investment income
- $81,539
- Royalties
- $35
- Net gain from sales of assets
- $73,315
- Net income from sales of inventory
- $1,142
- Other revenue
- -$28,148
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,005
- Occupancy
- $1,674
- Travel
- $95,941
- Depreciation
- $3,047
- Program services (functional)
- $281,740
- Management and general (functional)
- $3,719
Balance sheet and other
- Total assets, start of year
- $426,235
- Total assets, end of year
- $542,193
- Total liabilities, end of year
- $35,700
- Net assets, end of year
- $506,493
- Publicly traded securities
- $128,833
- Net assets without donor restrictions
- $506,493
- Gross receipts
- $459,213
- Employees
- 0
- Year formed
- 2001
- State of legal domicile
- KY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EVERETT MCCORVEY | PRESIDENT Trustee or director, Officer | 5 | $0 |
| ALICIA HELM | VICE PRESIDE Trustee or director, Officer | 0.5 | $0 |
| MARK DAVIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| ANN GRUNDY | BOARD MEMBER Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EVERETT MCCORVEY | PRESIDENT Trustee or director, Officer | 5 | $0 |
| ALICIA HELM | VICE PRESIDE Trustee or director, Officer | 0.5 | $0 |
| PEGGY STAMPS | BOARD MEMBER Trustee or director | 4 | $0 |
| MARK DAVIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| ANN GRUNDY | BOARD MEMBER Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| PEGGY STAMPS | BOARD MEMBER Trustee or director | 4 | $0 | $25,800 |
| EVERETT MCCORVEY | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| ALICIA HELM | VICE PRESIDE Trustee or director, Officer | 0.5 | $0 | $0 |
| MARK DAVIS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| ANN GRUNDY | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 146 E BELL CT, LEXINGTON, KY 40508-2301
- In care of
- % EVERETT D MCCORVEY
- Principal officer (990 for 2025)
- EVERETT MCCORVEY, 146 E BELL COURT, LEXINGTON, KY 40508
- Signed the 990
- EVERETT MCCORVEY, PRESIDENT
- Phone
- (859) 509-7072
- Return prepared by
- SKW CPAS & ADVISORS PLLC
Mission
EDUCATING, PRESERVING AND PROMOTING THE AMERICAN SPIRITUAL ART FORM
Program accomplishments
- MUSICAL PERFORMANCES, MASTER CLASS TEACHING, AND SALE OF CDS FOR THE PURPOSE OF EDUCATING ABOUT AND APPRECIATION FOR THE AMERICAN SPIRITUAL ART FORM.Expenses $281,740 · revenue $180,920
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-4106910
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A68)
- Assets (IRS master file)
- $542,193
- Income (IRS master file)
- $459,213
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $387,517 | $285,459 | $542,193 | XML |
| 990 | December 2024 | $394,519 | $279,348 | $426,235 | XML |
| 990 | December 2023 | $285,515 | $230,786 | $299,464 | XML |
| 990 | December 2022 | $313,914 | $275,080 | $247,704 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-4106910).
Questions about ASE INCORPORATED
- What is the EIN of ASE INCORPORATED?
- The employer identification number (EIN) of ASE INCORPORATED is 20-4106910.
- Is ASE INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to ASE INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASE INCORPORATED file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ASE INCORPORATED due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASE INCORPORATED last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of ASE INCORPORATED?
- The 990 for the year ended December 31, 2025 names EVERETT MCCORVEY.
- Who are the officers and directors of ASE INCORPORATED?
- The 990 for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does ASE INCORPORATED have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $387,517, expenses of $285,459 and total assets of $542,193 at year end.
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