Asphalt Institute Inc

LEXINGTON, KY EIN: 61-1148531 Website

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.

Financial Overview

From 2024 IRS Form 990-PF

Total Assets

$14.8M

+10.3% YoY

Annual Giving

$10K

-0.3% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$10K

-0.3% YoY

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$3M$5M$8M$11M20202021202220232024
Metric202420232022
Total Assets$14,798,159$13,421,979$11,736,157
Revenue$9,562,397$9,273,389$7,898,545
Expenses$9,442,469$8,550,075$8,500,617
Qualifying Distributions
Net Investment Income$437,508$284,111$233,598
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$3K$5K$8K$10K0 grants20201 grants20211 grants20221 grants20231 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

ASPHALT INSTITUTE FOUNDA…$10K

Grant Size Distribution

4 grants across all recorded years

4<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

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Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

PETER T GRASSPRESIDENT$512KMARK BUNCHERDIRECTOR OF ENGINEERING$219KTRACIE SCHLICHDIRECTOR OF MARKETING & MEMB…$207KPAUL SOHIDIRECTOR HS & E$193KDANIEL GIERHARTDEPUTY DIRECTOR OF ENGINEERING$193KMIKE ANDERSONDIRECTOR OF RESEARCH & LAB$188KDANIELLE STEINBERGDIR. FINANCE & ADMIN/SECRETARY$152K

From 2024 filing

NameTitleHoursCompensation
ROB TREECECHAIR3
CRAIG FABRIZIOTREASURER1
CHARLES BOANVICE CHAIR1
SETH HANKOWSKIDIRECTOR1
JOHN BROWNIEDIRECTOR1
LORA COLLINSDIRECTOR1
KEVIN YOCCADIRECTOR1
DAMON KREHBIELDIRECTOR1
MATT JOHNSONDIRECTOR1
GENEVIEVE THERIAULTDIRECTOR1
CHRIS CAMPBELLDIRECTOR1
STEVE MUSONDIRECTOR1
DONNA KWAPISDIRECTOR1
LEE SCHLOSSDIRECTOR1
LUIS BENAVIDESDIRECTOR1
CHIP RAYDIRECTOR1
BOB CHEEVERDIRECTOR1
JEFF GIBBSDIRECTOR1
BRENT BANACHDIRECTOR1
MARTIIN RAYDIRECTOR1
PATRICK NATIONDIRECTOR1
JAMES RAWSONDIRECTOR1
BRAD SCHMITZDIRECTOR1
STEVE THWEATTDIRECTOR1
DOMINIC KRUGGELDIRECTOR1
KRISTINA EITINGDIRECTOR1
CLINT RYBAKDIRECTOR1
ED STARBUCKDIRECTOR1
BOB SEDONDIRECTOR1
MICHAEL MUHRDIRECTOR1
FRANK SUITS JRDIRECTOR1
STEPHEN RICKETTSDIRECTOR1
ROD PULLENDIRECTOR1
MATTHEW PAKKALADIRECTOR1
PETER T GRASSPRESIDENT45$511,560
DANIELLE STEINBERGDIR. FINANCE & ADMIN/SECRETARY45$151,886
TRACIE SCHLICHDIRECTOR OF MARKETING & MEMBERSHIP40$206,778
MARK BUNCHERDIRECTOR OF ENGINEERING40$219,334
MIKE ANDERSONDIRECTOR OF RESEARCH & LAB40$187,967
PAUL SOHIDIRECTOR HS & E40$193,376
DANIEL GIERHARTDEPUTY DIRECTOR OF ENGINEERING40$193,293

Geographic Focus

Where this funder has awarded grants

Grant Distribution by State

1states

States

Cities

Lexington

Data last updated March 2026. Sourced from IRS Form 990-PF filings.

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