EIN 61-1148531

Asphalt Institute

IRS 501(c) type
501(c)(6)
Num. employees
36
Year formed
1919
Most recent tax filings
2023-12-01
NTEE code, primary
Description
Asphalt Institute promotes safe use and quality performance of petroleum asphalts via education, publications, training, engineering and marketing leadership.
Total revenues
$9,273,389
2023
Total expenses
$8,550,075
2023
Total assets
$13,421,979
2023
Num. employees
36
2023

Program areas at Asphalt Institute

Publications program. The Asphalt Institute develops a wide range of safety and educational materials. These include textbook-sized technical manuals, smaller topical publications, a subscription-free on-line 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.
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.
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.
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.

Grants made by Asphalt Institute

GranteeGrant descriptionAmount
Asphalt Institute FoundationProvide 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.$10,035

Personnel at Asphalt Institute

NameTitleCompensation
Linda AllinSecretary and Chief Financial Officer$231,474
Peter T GrassPresident$474,560
Tracie SchlichDirector of Marketing and Membership$209,447
Mark BuncherDirector of Engineering$205,472
Mike AndersonDirector of Research and Lab$177,212
...and 1 more key personnel

Financials for Asphalt Institute

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$8,597,251
Investment income and dividends$286,567
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-2,456
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$282,285
Miscellaneous revenues$109,742
Total revenues$9,273,389

Form 990s for Asphalt Institute

Fiscal year endingDate received by IRSFormPDF link
2023-122024-08-20990View PDF
2022-122023-08-13990View PDF
2021-122022-08-23990View PDF
2020-122021-10-06990View PDF
2019-122021-06-07990View PDF
...and 10 more Form 990s
Data update history
October 6, 2023
Updated personnel
Identified 4 new personnel
October 5, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 7, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 29, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 28, 2023
Updated personnel
Identified 4 new personnel
Nonprofit Types
Trade associationsBusiness and community development organizationsHeadquarter / parent organizations
Issues
Science and technologyBusiness and industry
Characteristics
MembershipsConducts researchOperates internationallyCommunity engagement / volunteering
General information
Address
2696 Research Park Dr
Lexington, KY 40511
Metro area
Lexington-Fayette, KY
County
Fayette County, KY
Website URL
asphaltinstitute.org/ 
Phone
(859) 288-4960
Facebook page
asphaltinstitute 
Twitter profile
@asphalt_inst 
IRS details
EIN
61-1148531
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1919
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S41: Promotion of Business
NAICS code, primary
813910: Trade Associations
Parent/child status
Central organization
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