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Asphalt Institute Foundation INC

Public charity
DBA: % PETER GRASS
Other · LEXINGTON, KY · EIN 47-1154832

About

To conduct strategic 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 future leaders in the science, technology, engineering, and mathematics areas by providing students with the opportunity to discover, hands-on, the types of career opportunities available to them in these vital areas. The foundation focuses resources on publicly available research that will improve public safety by providing better and more reliable products and that will reduce infrastructure costs by extending product lives.

In care of Peter Grass

Donations are tax-deductible
Category
Other
Employees
0
Volunteers
54

Financial Snapshot

FY ending 2024-12-31
Revenue
$661K
Expenses
$499K
Assets
$4.8M
Liabilities
$163K

Financial history

$1.5M$743K$0
161718192021222324
RevenueExpenses
Latest FY2024: $661K · Peak FY2019: $1.5M · Avg: $659K
ASPHALT INSTITUTE FOUNDATION INC
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Address

2696 Research Park DR
Lexington, KY, 40511-848

Governance

Voting board members12
Independent members12
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %79.0%
Endowment held by related orgNo
Public records
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