Nonprofit · EIN 25-1742923
ASSET INC
Tax-exempt · PITTSBURGH, PA 15222
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $608,819 | $808,662 | -$199,843 | $241,914 | $21,975 | $219,939 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $600,969
- of which government grants
- $525,000
- Program service revenue
- $4,805
- Investment income
- $3,045
- Net gain from sales of assets
- -$749
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $129,000
- Other salaries and wages
- $361,149
- Salaries, compensation and benefits (total)
- $543,233
- Professional fundraising fees
- $0
- Legal fees
- $16,032
- Accounting fees
- $57,964
- Occupancy
- $7,884
- Travel
- $1,395
- Depreciation
- $2,249
- Program services (functional)
- $478,372
- Management and general (functional)
- $267,888
- Fundraising (functional)
- $62,402
Balance sheet and other
- Total assets, start of year
- $397,246
- Total assets, end of year
- $241,914
- Total liabilities, end of year
- $21,975
- Net assets, end of year
- $219,939
- Net assets without donor restrictions
- $219,939
- Gross receipts
- $609,568
- Employees
- 4
- Year formed
- 1994
- State of legal domicile
- PA
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SARAH TOULOUSE | EXECUTIVE DI Trustee or director | 30 | $129,000 |
| TED FRICK | PRESIDENT Trustee or director, Officer | 1 | $0 |
| ROBERTA RYAN | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| JASON MAXWELL | TREASURER Trustee or director, Officer | 1 | $0 |
| LEIGH POGUE | SECRETARY Trustee or director, Officer | 1 | $0 |
| JACK BURGMAN | DIRECTOR Trustee or director | 1 | $0 |
| TIM GOETZ | DIRECTOR Trustee or director | 1 | $0 |
| TIM KOTCH | DIRECTOR Trustee or director | 1 | $0 |
| JACKIE ZYRA | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 535 SMITHFIELD ST STE 300, PITTSBURGH, PA 15222-2319
- In care of
- % JOHN R OWEN
- Principal officer (990 for 2024)
- TED FRICK, 535 SMITHFIELD STREET, STE 300, PITTSBURGH, PA 15222
- Signed the 990
- TED FRICK, PRESIDENT
- Phone
- (412) 481-7320
- Return prepared by
- OPST & ASSOCIATES LLC
Mission
ASSET INC, AN ACRONYM FOR ACHIEVING STUDENT SUCCESS THROUGH EXCELLENCE IN TEACHING, WAS FOUNDED BY INDUSTRY LEADERS AND COMMUNITY PARTNERS IN 1994 TO IMPROVE TEACHING AND LEARNING ACROSS SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH (STEM).THE ORGANIZATION PROVIDES EDUCATORS WITH RIGOROUS PROFESSIONAL LEARNING AND COACHING TO INCREASE STUDENT ACHIEVEMENT AND WORKFORCE READINESS ACROSS THE NATION.
Program accomplishments
- ASSET IS A NATIONAL EDUCATION IMPROVEMENT NONPROFIT WITH THE MISSION TO ADVANCE TEACHING AND LEARNING TO ENGAGE, INSPIRE, AND EMPOWER ALL LEARNERS. ASSET PROVIDES EDUCATORS WITH EFFECTIVE TOOLS AND STRATEGIES TO CREATE INNOVATIVE AND RELEVANT LEARNING ENVIRONMENTS SO ALL STUDENTS ACQUIRE THE KNOWLEDGE AND SKILLS NEEDED TO WORK, LIVE, CONTRIBUTE, AND LEAD IN A GLOBAL COMMUNITY. THE ORGANIZATION PROVIDES HIGHLY EFFECTIVE PROFESSIONAL DEVELOPMENT TO EDUCATORS; HANDSON LEARNING EXPERIENCES FOR ALL STUDENTS PREK THROUGH CAREER, IN AND OUTOF SCHOOL.Expenses $478,372 · revenue $4,805
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 25-1742923
- 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)
- Group exemption
- Exempt since
- 1995
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B19)
- Group exemption
- 3515
- Assets (IRS master file)
- $241,914
- Income (IRS master file)
- $609,568
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990 | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $596,012 | $600,601 | $435,821 | IRS |
| 990 | June 2022 | $813,540 | $530,374 | $417,665 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about ASSET INC
- What is the EIN of ASSET INC?
- The employer identification number (EIN) of ASSET INC is 25-1742923.
- Is ASSET INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to ASSET INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Group exemption).
- Which annual return does ASSET INC 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 ASSET INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASSET INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ASSET INC?
- The 990 for the year ended June 30, 2025 names TED FRICK.
- Who are the officers and directors of ASSET INC?
- The 990 for the year ended June 30, 2025 lists 9 people; 1 received compensation from the organization, the highest $129,000 (SARAH TOULOUSE, EXECUTIVE DI).
- How much revenue does ASSET INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $608,819, expenses of $808,662 and total assets of $241,914 at year end.
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