NonprofitsAsphalt Institute Inc

Asphalt Institute Inc

LEXINGTON, KY

Total revenue

$9.6M

Total expenses

$9.4M

Net assets

$12.1M

Grants received

EIN

611148531

Tax year

2024

Mission

Trade association dedicated to promoting the petroleum-based asphalt industry

Programs

3 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.

Expenses: $15K

Training. Under the asphalt academy brand, 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, 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.

Expenses: $153K

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 participant 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.

Expenses: $845K

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$8.6M
Investment income$438K
Other revenue$501K
Total revenue$9.6M

Expenses

Grants paid$10K
Salaries & benefits$5.2M
Fundraising
Other expenses$4.2M
Total expenses$9.4M
Total assets$14.8M
Net assets$12.1M

People

41 listed

NameRoleCompensation

PETER T GRASS

PRESIDENT

Board

$512K

45 hrs/wk

DANIELLE STEINBERG

DIR. FINANCE & ADMIN/SECRETARY

Board

$152K

45 hrs/wk

DAMON KREHBIEL

DIRECTOR

Board

1 hrs/wk

MATT JOHNSON

DIRECTOR

Board

1 hrs/wk

GENEVIEVE THERIAULT

DIRECTOR

Board

1 hrs/wk

CHRIS CAMPBELL

DIRECTOR

Board

1 hrs/wk

STEVE MUSON

DIRECTOR

Board

1 hrs/wk

DONNA KWAPIS

DIRECTOR

Board

1 hrs/wk

LEE SCHLOSS

DIRECTOR

Board

1 hrs/wk

LUIS BENAVIDES

DIRECTOR

Board

1 hrs/wk

CHIP RAY

DIRECTOR

Board

1 hrs/wk

BOB CHEEVER

DIRECTOR

Board

1 hrs/wk

JEFF GIBBS

DIRECTOR

Board

1 hrs/wk

BRENT BANACH

DIRECTOR

Board

1 hrs/wk

MARTIIN RAY

DIRECTOR

Board

1 hrs/wk

PATRICK NATION

DIRECTOR

Board

1 hrs/wk

JAMES RAWSON

DIRECTOR

Board

1 hrs/wk

BRAD SCHMITZ

DIRECTOR

Board

1 hrs/wk

STEVE THWEATT

DIRECTOR

Board

1 hrs/wk

DOMINIC KRUGGEL

DIRECTOR

Board

1 hrs/wk

ROB TREECE

CHAIR

Board

3 hrs/wk

CLINT RYBAK

DIRECTOR

Board

1 hrs/wk

ED STARBUCK

DIRECTOR

Board

1 hrs/wk

BOB SEDON

DIRECTOR

Board

1 hrs/wk

MICHAEL MUHR

DIRECTOR

Board

1 hrs/wk

FRANK SUITS JR

DIRECTOR

Board

1 hrs/wk

STEPHEN RICKETTS

DIRECTOR

Board

1 hrs/wk

ROD PULLEN

DIRECTOR

Board

1 hrs/wk

MATTHEW PAKKALA

DIRECTOR

Board

1 hrs/wk

KRISTINA EITING

DIRECTOR

Board

1 hrs/wk

CRAIG FABRIZIO

TREASURER

Board

1 hrs/wk

CHARLES BOAN

VICE CHAIR

Board

1 hrs/wk

SETH HANKOWSKI

DIRECTOR

Board

1 hrs/wk

JOHN BROWNIE

DIRECTOR

Board

1 hrs/wk

LORA COLLINS

DIRECTOR

Board

1 hrs/wk

KEVIN YOCCA

DIRECTOR

Board

1 hrs/wk

MARK BUNCHER

DIRECTOR OF ENGINEERING

Staff

$219K

40 hrs/wk

TRACIE SCHLICH

DIRECTOR OF MARKETING & MEMBERSHIP

Staff

$207K

40 hrs/wk

PAUL SOHI

DIRECTOR HS & E

Staff

$193K

40 hrs/wk

DANIEL GIERHART

DEPUTY DIRECTOR OF ENGINEERING

Staff

$193K

40 hrs/wk

MIKE ANDERSON

DIRECTOR OF RESEARCH & LAB

Staff

$188K

40 hrs/wk

Details

EIN611148531
Subsection06
Ruling date1989-01
Formed1919
Employees33
Volunteers245
ASPHALT INSTITUTE INC — Mission, Financials & Grants Received | Grantivo