Nonprofit · EIN 61-1148531
ASPHALT INSTITUTE INC
Tax-exempt · LEXINGTON, KY 40511
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $9,864,473 | $9,209,375 | $655,098 | $15,371,647 | $2,431,947 | $12,939,700 |
| December 31, 2024 | 990 | $9,562,397 | $9,442,469 | $119,928 | $14,798,159 | $2,680,891 | $12,117,268 |
| December 31, 2023 | 990 | $9,273,389 | $8,550,075 | $723,314 | $13,421,979 | $1,977,140 | $11,444,839 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $8,649,385
- Investment income
- $784,986
- Net gain from sales of assets
- $358,555
- Net income from sales of inventory
- $343,561
- Other revenue
- $430,102
Expenses
- Grants and similar amounts paid
- $10,000
- Compensation of officers, directors and key employees
- $612,358
- Other salaries and wages
- $3,625,450
- Salaries, compensation and benefits (total)
- $5,424,306
- Professional fundraising fees
- $0
- Legal fees
- $34,462
- Accounting fees
- $34,395
- Occupancy
- $351,547
- Travel
- $280,924
- Depreciation
- $365,833
Balance sheet and other
- Total assets, start of year
- $14,798,159
- Total assets, end of year
- $15,371,647
- Total liabilities, end of year
- $2,431,947
- Net assets, end of year
- $12,939,700
- Land, buildings and equipment
- $2,961,586
- Publicly traded securities
- $8,843,445
- Net assets without donor restrictions
- $12,936,835
- Net assets with donor restrictions
- $2,865
- Gross unrelated business income
- $890,413
- Gross receipts
- $11,496,004
- Employees
- 36
- Volunteers
- 245
- Year formed
- 1919
- 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 | Other / benefits |
|---|---|---|---|---|
| REED RYAN | PRESIDENT Officer | 45 | $423,534 | $58,276 |
| MARK BUNCHER | VP ENGINEERING Highest-paid employee | 40 | $229,674 | $20,733 |
| PAUL SOHI | VP INDUSTRY STEWARDSHIP Highest-paid employee | 40 | $207,298 | $39,323 |
| DANIEL GIERHART | DEPUTY DIRECTOR OF ENGINEERING Highest-paid employee | 40 | $197,593 | $45,660 |
| MIKE ANDERSON | VP RESEARCH & LABORATORY SERVICES Highest-paid employee | 40 | $197,075 | $45,646 |
| DANIELLE STEINBERG | SECRETARY AND VP OF FINANCE AND ADMINISTRATION Officer | 45 | $188,824 | $44,688 |
| ROBERT G ALLEN | REGIONAL ENGINEER Highest-paid employee | 40 | $182,733 | $48,507 |
| CHARLES BOAN | CHAIR Trustee or director | 3 | $0 | $0 |
| BRIAN INNIGER | TREASURER Trustee or director | 1 | $0 | $0 |
| SETH HANKOWSKI | VICE CHAIR Trustee or director | 1 | $0 | $0 |
| LORA COLLINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ADAM REDMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEAN AZOURY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SUZANNE PRESCOTT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATT JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
24 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GENEVIEVE THERIAULT | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS CAMPBELL | DIRECTOR Trustee or director | 1 | $0 |
| KEITH BAALMANN | DIRECTOR Trustee or director | 1 | $0 |
| DONNA KWAPIS | DIRECTOR Trustee or director | 1 | $0 |
| LEE SCHLOSS | DIRECTOR Trustee or director | 1 | $0 |
| SEAN JENDRY | DIRECTOR Trustee or director | 1 | $0 |
| JEFF GIBBS | DIRECTOR Trustee or director | 1 | $0 |
| BRENT BANACH | DIRECTOR Trustee or director | 1 | $0 |
| MARTIN RAY | DIRECTOR Trustee or director | 1 | $0 |
| PATRICK NATION | DIRECTOR Trustee or director | 1 | $0 |
| BRAD SCHMITZ | DIRECTOR Trustee or director | 1 | $0 |
| JAMES RAWSON | DIRECTOR Trustee or director | 1 | $0 |
| BOB CHEEVER | DIRECTOR Trustee or director | 3 | $0 |
| EDGARD HITTI | DIRECTOR Trustee or director | 1 | $0 |
| DOMINIC KRUGGEL | DIRECTOR Trustee or director | 1 | $0 |
| KRISTINA EITING | DIRECTOR Trustee or director | 1 | $0 |
| CLINT RYBAK | DIRECTOR Trustee or director | 1 | $0 |
| ED STARBUCK | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL MUHR | DIRECTOR Trustee or director | 1 | $0 |
| FRANK SUITS JR | DIRECTOR Trustee or director | 1 | $0 |
| CODIE VOLPI | DIRECTOR Trustee or director | 1 | $0 |
| BOB SEDON | DIRECTOR Trustee or director | 1 | $0 |
| ROD PULLEN | DIRECTOR Trustee or director | 1 | $0 |
| MATTHEW PAKKALA | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 41 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PETER T GRASS | PRESIDENT Officer | 45 | $511,560 | $27,083 |
| MARK BUNCHER | DIRECTOR OF ENGINEERING Highest-paid employee | 40 | $219,334 | $20,022 |
| DANIEL GIERHART | DEPUTY DIRECTOR OF ENGINEERING Highest-paid employee | 40 | $193,293 | $37,572 |
| PAUL SOHI | DIRECTOR HS & E Highest-paid employee | 40 | $193,376 | $36,368 |
| MIKE ANDERSON | DIRECTOR OF RESEARCH & LAB Highest-paid employee | 40 | $187,967 | $37,293 |
| TRACIE SCHLICH | DIRECTOR OF MARKETING & MEMBERSHIP Highest-paid employee | 40 | $206,778 | $16,863 |
| DANIELLE STEINBERG | DIR. FINANCE & ADMIN/SECRETARY Officer | 45 | $151,886 | $34,603 |
| ROB TREECE | CHAIR Trustee or director | 3 | $0 | $0 |
| CRAIG FABRIZIO | TREASURER Trustee or director | 1 | $0 | $0 |
| CHARLES BOAN | VICE CHAIR Trustee or director | 1 | $0 | $0 |
| SETH HANKOWSKI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN BROWNIE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LORA COLLINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEVIN YOCCA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAMON KREHBIEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATT JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GENEVIEVE THERIAULT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRIS CAMPBELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE MUSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DONNA KWAPIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LEE SCHLOSS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LUIS BENAVIDES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHIP RAY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BOB CHEEVER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF GIBBS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRENT BANACH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARTIIN RAY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PATRICK NATION | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES RAWSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRAD SCHMITZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE THWEATT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DOMINIC KRUGGEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KRISTINA EITING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CLINT RYBAK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ED STARBUCK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BOB SEDON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL MUHR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FRANK SUITS JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEPHEN RICKETTS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROD PULLEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATTHEW PAKKALA | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 42 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PETER GRASS | PRESIDENT Officer | 50 | $495,560 | $26,483 |
| TRACIE SCHLICH | DIRECTOR OF MARKETING & MEMBERSHIP Highest-paid employee | 40 | $209,266 | $38,580 |
| MARK BUNCHER | DIRECTOR OF ENGINEERING Highest-paid employee | 40 | $214,334 | $19,672 |
| PAUL SOHI | DIRECTOR HS & E Highest-paid employee | 40 | $188,414 | $34,854 |
| MIKE ANDERSON | DIRECTOR OF RESEARCH & LAB Highest-paid employee | 40 | $184,228 | $35,749 |
| BOB HUMER | SR. REGIONAL ENGINEER Highest-paid employee | 40 | $190,308 | $24,954 |
| DANIELLE STEINBERG | CONTROLLER Officer | 50 | $143,826 | $13,158 |
| BOB CHEEVER | CHAIR Trustee or director | 3 | $0 | $0 |
| ROB TREECE | VICE CHAIR Trustee or director | 1 | $0 | $0 |
| CRAIG FABRIZIO | TREASURER Trustee or director | 1 | $0 | $0 |
| FRANK SUITS JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SETH HANKOWSKI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHARLES BOAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN BROWNIE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| IVANN HARNISH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEBBIE NOVAK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATT JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GENEVIEVE THERIAULT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRIS CAMPBELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE MUSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DONNA KWAPIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LEE SCHLOSS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LUIS BENAVIDES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HAROLD CHIP RAY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN JANES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF GIBBS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRENT BANACH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARTIIN RAY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PATRICK NATION | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE THWEATT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRAD SCHMITZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TIM ADAMS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LORA COLLINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LARRY SCHREINER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KRISTINA EITING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CLINT RYBAK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ED STARBUCK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BOB SEDON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL MUHR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEPHEN RICKETTS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROD PULLEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATTHEW PAKKALA | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2696 RESEARCH PARK DR, LEXINGTON, KY 40511-8480
- In care of
- % RESEARCH PARK DR
- Principal officer (990 for 2025)
- WILLIAM R REED, 2696 RESEARCH PARK DRIVE, LEXINGTON, KY 405118480
- Signed the 990
- WILLIAM R REED, PRESIDENT
- Phone
- (859) 288-4960
- Website
- WWW.ASPHALTINSTITUTE.ORG
- Return prepared by
- DEAN DORTON ALLEN FORD PLLC
Mission
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.
Program accomplishments
- 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.
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
- 61-1148531
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1989
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $15,371,647
- Income (IRS master file)
- $11,496,004
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $9,864,473 | $9,209,375 | $15,371,647 | XML |
| 990 | December 2024 | $9,562,397 | $9,442,469 | $14,798,159 | XML |
| 990 | December 2023 | $9,273,389 | $8,550,075 | $13,421,979 | XML |
| 990 | December 2022 | $7,898,545 | $8,500,617 | $11,736,157 | 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 61-1148531).
Questions about ASPHALT INSTITUTE INC
- What is the EIN of ASPHALT INSTITUTE INC?
- The employer identification number (EIN) of ASPHALT INSTITUTE INC is 61-1148531.
- Is ASPHALT INSTITUTE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1989.
- Are donations to ASPHALT INSTITUTE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ASPHALT INSTITUTE 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 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 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 INC?
- The 990 for the year ended December 31, 2025 names WILLIAM R REED.
- Who are the officers and directors of ASPHALT INSTITUTE INC?
- The 990 for the year ended December 31, 2025 lists 39 people; 7 received compensation from the organization, the highest $423,534 (REED RYAN, PRESIDENT).
- How much revenue does ASPHALT INSTITUTE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $9,864,473, expenses of $9,209,375 and total assets of $15,371,647 at year end.
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