NonprofitsAsphalt Institute Foundation Inc

Employment

Asphalt Institute Foundation Inc

LEXINGTON, KY

Total revenue

$661K

Total expenses

$499K

Net assets

$4.7M

Grants received

$815K

11 grants

EIN

471154832

Tax year

2024

Mission

To conduct strategic research and educational activities - "see schedule o for continuation"

Programs

1 program

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 available to the public.

Expenses: $360K

Financials

FY 2024

Revenue

Contributions & grants$490K
Program service revenue
Investment income$214K
Other revenue
Total revenue$661K

Expenses

Grants paid
Salaries & benefits
Fundraising$14K
Other expenses$499K
Total expenses$499K
Total assets$4.8M
Net assets$4.7M

People

14 listed

NameRoleCompensation

JOHN BARRINGTON

CHAIR

Board

3 hrs/wk

BOB CHEEVER

VICE CHAIR

Board

1 hrs/wk

SEAN JENDRY

TREASURER

Board

1 hrs/wk

JEREMY ALEXANDER

DIRECTOR

Board

1 hrs/wk

CHRIS CAMPBELL

DIRECTOR

Board

1 hrs/wk

DAVE HENDERSON

DIRECTOR

Board

1 hrs/wk

LEE SCHLOSS

DIRECTOR

Board

1 hrs/wk

PATRICK NATION

DIRECTOR

Board

1 hrs/wk

CHARLES BOAN

AI VICE CHAIR

Board

1 hrs/wk

HAROLD CHIP RAY

IMMEDIATE PAST AIF BOARD CHAIR

Board

1 hrs/wk

RALPH SHIRTS

DIRECTOR

Board

1 hrs/wk

LAURAND LEWANDOWSKI

DIRECTOR

Board

1 hrs/wk

PETER GRASS

PRESIDENT

Board

7.3 hrs/wk

DANIELLE STEINBERG

DIRECTOR OF FINANCE AND ADMINISTRATION

Board

4.5 hrs/wk

Grants received

Showing 11 of 11

FromAmountPurposeYear
$10K
PROVIDE SUPPORT TO RELATED ORGANIZATION TO CONDUCT RESEARCH AND EDUCATIONAL ACTIVITIES THAT ARE DESIGNED TO ADVANCE AND IMPROVE BOTH THE LIQUID ASPHALT INDUSTRY AND THE WELFARE OF THE GENERAL PUBLIC.
2024
$10K
PROVIDE SUPPORT TO RELATED ORGANIZATION TO CONDUCT RESEARCH AND EDUCATIONAL ACTIVITIES THAT ARE DESIGNED TO ADVANCE AND IMPROVE BOTH THE LIQUID ASPHALT INDUSTRY AND THE WELFARE OF THE GENERAL PUBLIC.
2023
$200K
GENERAL SUPPORT
2022
$100K
For grant recipient's exempt purposes
2022
$10K
PROVIDE SUPPORT TO RELATED ORGANIZATION TO CONDUCT RESEARCH AND EDUCATIONAL ACTIVITIES THAT ARE DESIGNED TO ADVANCE AND IMPROVE BOTH THE LIQUID ASPHALT INDUSTRY AND THE WELFARE OF THE GENERAL PUBLIC.
2022
$200K
GENERAL SUPPORT
2021
$10K
PROVIDE SUPPORT TO RELATED ORGANIZATION TO CONDUCT RESEARCH AND EDUCATIONAL ACTIVITIES THAT ARE DESIGNED TO ADVANCE AND IMPROVE BOTH THE LIQUID ASPHALT INDUSTRY AND THE WELFARE OF THE GENERAL PUBLIC BY ENCOURAGING THE DEVELOPMENT OF RESEARCH IN SCIENCE AND TECHNOLOGY.
2021
$250K
KIRK SCHOLARS PROGRAM
2020
$10K
PROVIDE SUPPORT TO RELATED ORGANIZATION TO CONDUCT RESEARCH AND EDUCATIONAL ACTIVITIES THAT ARE DESIGNED TO ADVANCE AND IMPROVE BOTH THE LIQUID ASPHALT INDUSTRY AND THE WELFARE OF THE GENERAL PUBLIC BY ENCOURAGING THE DEVELOPMENT OF RESEARCH IN SCIENCE AND TECHNOLOGY.
2020
$9K
ECONOMIC DEVELOPMENT
2018
$6K
ECONOMIC DEVELOPMENT
2017

Funded by

$815K from 5 funders · 11 grants · 2017–2024

Ergon Foundation Inc

$400K · 2 grants · 2021–2022

Kirk Family Foundation

$250K · 1 grant · 2020

Asphalt Institute Inc

$50K · 5 grants · 2020–2024

Community Foundation Of Western

$15K · 2 grants · 2017–2018

Details

EIN471154832
NTEE codeJ22
Subsection03
Ruling date2014-11
Formed2014
Employees0
Volunteers54
ASPHALT INSTITUTE FOUNDATION INC — Mission, Financials & Grants Received | Grantivo