Asphalt Institute Inc
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.
Asphalt Institute Inc at a glance
In short: Asphalt Institute Inc gave $10K across 1 grant in 2025 (avg $10K), mostly in Kentucky. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $10,000
- -0.1% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $10,000
- -0.1% vs 2024
- Median grant
- $10,000
- Total assets
- $15,371,647
- +3.9% vs 2024
- Primary geography
- Kentucky (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Asphalt Institute Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Asphalt Institute Foundation Inc ($10K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Asphalt Institute Inc gives
- Giving held roughly steady from 2022 to 2025 (+0%). Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $10K (2025) to $10K (2020). In 2025 it made 1 grant totaling $10K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Asphalt Institute Foundation Inc Lexington, KY | Provide support to related organization in furtherance of exempt purposes. | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $15,371,647 | $9,864,473 | $9,209,375 | $10,000 | 1 | $784,986 |
| 2024 | $14,798,159 | $9,562,397 | $9,442,469 | $10,007 | 1 | $437,508 |
| 2023 | $13,421,979 | $9,273,389 | $8,550,075 | $10,035 | 1 | $284,111 |
| 2022 | $11,736,157 | $7,898,545 | $8,500,617 | $10,012 | 1 | $233,598 |
| 2021 | $13,937,095 | $7,949,306 | $7,221,323 | $10,022 | 1 | $488,487 |
| 2020 | $12,375,354 | $6,788,608 | $6,618,032 | $10,062 | 1 | $274,400 |
About Asphalt Institute Inc
Based on IRS filings
Asphalt Institute Inc is a public charity, based in Lexington, KY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $15.4M in total assets. In 2025, it awarded 1 grant totaling $10K. Net investment income was $785K.
Leadership & Key People
Officers and directors from IRS filings
Asphalt Institute Inc is led by Reed Ryan, President on the 2025 filing; 7 of 39 officers listed in 2025 are compensated.
Officers on the 2025 filing
Reed Ryan
President
New on the 2025 filing
45 hrs/week
$424K (2025)
Charles Boan
Chair
Director → Vice Chair, 2024
Vice Chair → Chair, 2025
On filings since 2020
3 hrs/week
No compensation reported
Bob Cheever
Director
Director → Chair, 2023
Chair → Director, 2024
On filings since 2020
3 hrs/week
No compensation reported
Bob Sedon
Director
On filings since 2020
1 hr/week
No compensation reported
Brent Banach
Director
On filings since 2020
1 hr/week
No compensation reported
Chris Campbell
Director
On filings since 2020
1 hr/week
No compensation reported
Clint Rybak
Director
On filings since 2020
1 hr/week
No compensation reported
Ed Starbuck
Director
On filings since 2020
1 hr/week
No compensation reported
Frank Suits Jr.
Director
On filings since 2020
1 hr/week
No compensation reported
Kristina Eiting
Director
On filings since 2020
1 hr/week
No compensation reported
Michael Muhr
Director
On filings since 2020
1 hr/week
No compensation reported
Patrick Nation
Director
Vice Chair → Chair, 2022
Chair → Director, 2023
On filings since 2020
1 hr/week
No compensation reported
Martin Ray
Director
On filings since 2021
1 hr/week
No compensation reported
Matt Johnson
Director
On filings since 2021
1 hr/week
No compensation reported
Matthew Pakkala
Director
On filings since 2021
1 hr/week
No compensation reported
Brad Schmitz
Director
On filings since 2022
1 hr/week
No compensation reported
Lee Schloss
Director
On filings since 2022
1 hr/week
No compensation reported
Donna Kwapis
Director
On filings since 2023
1 hr/week
No compensation reported
Genevieve Theriault
Director
On filings since 2023
1 hr/week
No compensation reported
Jeff Gibbs
Director
On filings since 2023
1 hr/week
No compensation reported
Lora Collins
Director
On filings since 2023
1 hr/week
No compensation reported
Rod Pullen
Director
On filings since 2023
1 hr/week
No compensation reported
Dominic Kruggel
Director
On filings since 2024
1 hr/week
No compensation reported
James Rawson
Director
On filings since 2024
1 hr/week
No compensation reported
Adam Redman
Director
New on the 2025 filing
1 hr/week
No compensation reported
Codie Volpi
Director
New on the 2025 filing
1 hr/week
No compensation reported
Edgard Hitti
Director
New on the 2025 filing
1 hr/week
No compensation reported
Jean Azoury
Director
New on the 2025 filing
1 hr/week
No compensation reported
Keith Baalmann
Director
New on the 2025 filing
1 hr/week
No compensation reported
Sean Jendry
Director
New on the 2025 filing
1 hr/week
No compensation reported
Suzanne Prescott
Director
New on the 2025 filing
1 hr/week
No compensation reported
Mark Buncher
Vice President Engineering
Director of Engineering → Vice President Engineering, 2025
On filings since 2020
40 hrs/week
$196K (2020) → $230K (2025)
Mike Anderson
Vice President Research & Laboratory Services
Director of Research & Lab Services → Director of Research & Lab, 2021
Director of Research & Lab → Vice President Research & Laboratory Services, 2025
On filings since 2020
40 hrs/week
$165K (2020) → $197K (2025)
Paul Sohi
Vice President Industry Stewardship
Director Hs & E → Vice President Industry Stewardship, 2025
On filings since 2020
40 hrs/week
$170K (2020) → $207K (2025)
Danielle Steinberg
Secretary, Vice President of Finance & Administration
Controller → Director Finance, Administrator & Secretary, 2024
Director Finance, Administrator & Secretary → Secretary, Vice President of Finance & Administration, 2025
On filings since 2023
45 hrs/week
$144K (2023) → $189K (2025)
Daniel Gierhart
Deputy Director of Engineering
On filings since 2024
40 hrs/week
$193K (2024) → $198K (2025)
Robert G. Allen
Regional Engineer
New on the 2025 filing
40 hrs/week
$183K (2025)
Seth Hankowski
Vice Chair
Vice President → Director, 2021
Director → Vice Chair, 2025
On filings since 2020
1 hr/week
No compensation reported
Brian Inniger
Treasurer
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (39)
- Former: Chip Ray (2020–2024) — Director
- Former: Craig Fabrizio (2020–2024) — Treasurer
- Former: Damon Krehbiel (2020–2024) — Director
- Former: John Brownie (2020–2024) — Director
- Former: Peter T. Grass (2020–2024) — President
- Former: Rob Treece (2020–2024) — Chair
- Former: Tracie Schlich (2020–2024) — Director of Marketing & Membership
- Former: Steve Muson (2021–2024) — Director
- Former: Luis Benavides (2023–2024) — Director
- Former: Stephen Ricketts (2023–2024) — Director
- Former: Steve Thweatt (2023–2024) — Director
- Former: Kevin Yocca (2024) — Director
- Former: Bob Humer (2020–2023) — Senior Regional Engineer
- Former: John Janes (2020–2023) — Director
- Former: Larry Schreiner (2020–2023) — Director
- Former: Tim Adams (2020–2023) — Director
- Former: Debbie Novak (2023) — Director
- Former: Harold Chip Ray (2023) — Director
- Former: Ivann Harnish (2023) — Director
- Former: Cody Worden (2020–2022) — Director
- Former: Dean Frailey (2020–2022) — Director
- Former: Kat Crownover (2020–2022) — Director
- Former: Laddie Weems (2020–2022) — Director
- Former: Linda Allin (2020–2022) — Secretary & CFO -
- Former: Scott House (2020–2022) — Director
- Former: Alistair Macdonald (2022) — Director
- Former: Jeff Norus (2022) — Vice Chair
- Former: John Mackay (2022) — Director
- Former: Fred Dunbar (2020–2021) — Director
- Former: Charles Reilly (2021) — Director
- Former: Gen Theriault (2021) — Director
- Former: John Barrington (2021) — Director
- Former: Luis Gomez (2021) — Director
- Former: Austin Miller (2020) — Director
- Former: Dallin Doney (2020) — Director
- Former: Jim Barlow (2020) — Director
- Former: Joe Platt (2020) — Director
- Former: Rene Dufresne (2020) — Director
- Former: Steve Moss (2020) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $424K, to Reed Ryan (President). 7 officers or directors reported compensation on that filing.
Frequently asked questions about Asphalt Institute Inc
How much does Asphalt Institute Inc give each year?
Asphalt Institute Inc gave $10K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $10K across 1 grant.
How large is Asphalt Institute Inc?
Asphalt Institute Inc reported $15.4M in total assets on its 2025 IRS Form 990. Its revenue that year was $9.9M.
Where does Asphalt Institute Inc operate?
Asphalt Institute Inc has awarded grants in Kentucky.
What is Asphalt Institute Inc's EIN?
Asphalt Institute Inc's EIN (Employer Identification Number) is 61-1148531. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS October 6, 2021)
- Updated Form 990 for fiscal year 2024 (received by the IRS September 2, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS August 13, 2026)
- IRS filings on file for fiscal years 2020–2024
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