Nonprofit · EIN 47-1154832
ASPHALT INSTITUTE FOUNDATION INC
Tax-exempt · LEXINGTON, KY 40511
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $777,256 | $334,553 | $442,703 | $5,498,723 | $101,691 | $5,397,032 |
| December 31, 2024 | 990 | $661,373 | $499,077 | $162,296 | $4,849,437 | $162,983 | $4,686,454 |
| December 31, 2023 | 990 | $890,236 | $244,265 | $645,971 | $4,453,054 | $157,248 | $4,295,806 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $436,111
- Program service revenue
- $0
- Investment income
- $357,174
- Net gain from sales of assets
- $146,811
- Net income from fundraising events
- -$16,029
- Other revenue
- -$16,029
Expenses
- Grants and similar amounts paid
- $28,005
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $19,397
- Program services (functional)
- $164,516
- Management and general (functional)
- $123,719
- Fundraising (functional)
- $46,318
Balance sheet and other
- Total assets, start of year
- $4,849,437
- Total assets, end of year
- $5,498,723
- Total liabilities, end of year
- $101,691
- Net assets, end of year
- $5,397,032
- Publicly traded securities
- $5,025,391
- Net assets without donor restrictions
- $2,133,194
- Net assets with donor restrictions
- $3,263,838
- Gross receipts
- $1,826,657
- Employees
- 0
- Volunteers
- 103
- Year formed
- 2014
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| REED RYAN | PRESIDENT Officer | 2 | $0 | $423,534 | $58,276 |
| DANIELLE STEINBERG | SECRETARY Officer | 5 | $0 | $188,824 | $44,688 |
| KEVIN MCGLUMPHY | CHAIR Trustee or director | 3 | $0 | $0 | $0 |
| SEAN JENDRY | TREASURER Trustee or director | 1 | $0 | $0 | $0 |
| RALPH SHIRTS | EX-OFFICIO (VOTING) Trustee or director | 1 | $0 | $0 | $0 |
| JOHN BARRINGTON | EX-OFFICIO (VOTING) Trustee or director | 1 | $0 | $0 | $0 |
| LAURAND LEWANDOWSKI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PATRICK NATION | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHRIS CAMPBELL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVE HENDERSON | VICE CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| LORA COLLINS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BROOKE DEVINCENZI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROB TREECE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SETH HANKOWSKI | EX-OFFICIO (VOTING) Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2024: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PETER GRASS | PRESIDENT Officer | 7.3 | $0 | $511,560 | $27,083 |
| DANIELLE STEINBERG | DIRECTOR OF FINANCE AND ADMINISTRATION Officer | 4.5 | $0 | $151,886 | $34,603 |
| JOHN BARRINGTON | CHAIR Trustee or director | 3 | $0 | $0 | $0 |
| BOB CHEEVER | VICE CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| SEAN JENDRY | TREASURER Trustee or director | 1 | $0 | $0 | $0 |
| JEREMY ALEXANDER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHRIS CAMPBELL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVE HENDERSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LEE SCHLOSS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PATRICK NATION | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHARLES BOAN | AI VICE CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| HAROLD CHIP RAY | IMMEDIATE PAST AIF BOARD CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| RALPH SHIRTS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LAURAND LEWANDOWSKI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PETER GRASS | PRESIDENT Officer | 7.3 | $0 | $495,560 | $26,483 |
| DANIELLE STEINBERG | CONTROLLER Officer | 4.5 | $0 | $143,826 | $13,158 |
| JOHN BARRINGTON | CHAIR Trustee or director | 3 | $0 | $0 | $0 |
| LARRY SCHREINER | TREASURER Trustee or director | 1 | $0 | $0 | $0 |
| BOB CHEEVER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KAT CROWNOVER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LAURAND LEWANDOWSKI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JEREMY ALEXANDER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHRIS CAMPBELL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVE HENDERSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LEE SCHLOSS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROB TREECE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HAROLD CHIP RAY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RALPH SHIRTS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2696 RESEARCH PARK DR, LEXINGTON, KY 40511-8480
- In care of
- % PETER GRASS
- Principal officer (990 for 2025)
- REED RYAN, 2696 RESEARCH PARK DRIVE, LEXINGTON, KY 40511
- Signed the 990
- REED RYAN, PRESIDENT
- Phone
- (859) 288-4960
- Website
- WWW.ASPHALTFOUNDATION.ORG
- Return prepared by
- DEAN DORTON ALLEN FORD PLLC
Mission
SEE SCHEDULE O.
Program accomplishments
- 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.Expenses $54,129 · grants $28,005
- 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.Expenses $110,387
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
- 47-1154832
- 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
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Employment (J22)
- Assets (IRS master file)
- $5,498,723
- Income (IRS master file)
- $1,826,657
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $777,256 | $334,553 | $5,498,723 | XML |
| 990 | December 2024 | $661,373 | $499,077 | $4,849,437 | XML |
| 990 | December 2023 | $890,236 | $244,265 | $4,453,054 | XML |
| 990 | December 2022 | $895,988 | $337,089 | $3,122,274 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 47-1154832).
Questions about ASPHALT INSTITUTE FOUNDATION INC
- What is the EIN of ASPHALT INSTITUTE FOUNDATION INC?
- The employer identification number (EIN) of ASPHALT INSTITUTE FOUNDATION INC is 47-1154832.
- Is ASPHALT INSTITUTE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to ASPHALT INSTITUTE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASPHALT INSTITUTE FOUNDATION 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 ASPHALT INSTITUTE FOUNDATION INC 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 ASPHALT INSTITUTE FOUNDATION INC 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 ASPHALT INSTITUTE FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names REED RYAN.
- Who are the officers and directors of ASPHALT INSTITUTE FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does ASPHALT INSTITUTE FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $777,256, expenses of $334,553 and total assets of $5,498,723 at year end.
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