Overview
What is Asphalt Institute Foundation Inc?
The Asphalt Institute Foundation is a dedicated strategic research organization based on global expertise. Their primary focus is on addressing economic, workforce, sustainability, and performance challenges within the asphalt industry and broader public sphere. Through a rigorous selection process, they evaluate proposed projects, ensuring they align with their mission. The Foundation's main objective is to foster connections between students and potential career opportunities in the field. They achieve this by offering an internship program, linking university-level students with industry companies for summer work placements.
Official website here: www.asphaltfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
The Asphalt Institute Foundation Inc has received an impressive score of 96%, which translates to a Four-Star rating from Charity Navigator. This rating highlights the organization's strong commitment to accountability and finance, with a perfect score in this category. The foundation demonstrates effective governance through its independent board, which consists entirely of independent members, showcasing its dedication to transparency and ethical management practices.
The organization has also established robust financial oversight, as evidenced by its high scores in various governance policies, including a whistleblower policy and conflict of interest policy. Its solid program expense ratio of 73.53% indicates that a significant portion of its funding is directed towards its core mission, further emphasizing the foundation's focus on impactful initiatives.
However, while the Asphalt Institute Foundation excels in governance and financial practices, potential donors may want to explore specific program outcomes and impact metrics to fully assess the effectiveness of its programs. Overall, the foundation stands out for its strong financial health and governance structure.
This AI summary has been generated from information found on Charity Navigator.
Is Asphalt Institute Foundation Inc legitimate?
Asphalt Institute Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Asphalt Institute Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.asphaltfoundation.org
What is the mission statement of Asphalt Institute Foundation Inc?
The Asphalt Institute Foundation's mission is centered around conducting strategic research and educational activities. This non-profit organization focuses on various challenges in the asphalt industry and the general public, including economic, worker, sustainability, and performance issues. The Foundation ensures the validity of their projects by reviewing them through a technical panel of expert asphalt professionals worldwide. Furthermore, the Foundation provides an internship program to connect university students with industry companies, offering summer internship positions, thereby aiding in connecting students to potential careers in the asphalt industry.
Official website here: www.asphaltfoundation.org
Who is the CEO of Asphalt Institute Foundation Inc?
Peter Grass is the President of Asphalt Institute Foundation Inc.
Official website here: www.asphaltfoundation.org
What is the revenue of Asphalt Institute Foundation Inc?
Asphalt Institute Foundation Inc's revenue in 2022 was $895,988.
Official website here: www.asphaltfoundation.org
Who are the executives of Asphalt Institute Foundation Inc and what are their salaries?
There 68 volunteers at Asphalt Institute Foundation Inc.
Here are 14 key members and their salaries:
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- Related: $474,560
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Official website here: www.asphaltfoundation.org
Where can I find the form 990 for Asphalt Institute Foundation Inc?
Asphalt Institute Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.asphaltfoundation.org
Learn more at the official website: www.asphaltfoundation.org
Mission Statement of Asphalt Institute Foundation Inc
The Asphalt Institute Foundation, a strategic research program, focuses its mission on addressing economic, worker, sustainability, and performance issues within the asphalt industry and the general public. This nonprofit organization carefully vets each proposed project through its technical panel, comprising expert asphalt professionals from around the world. One of the significant initiatives of the Foundation is its internship program, which serves as a bridge between university-level students and potential employers in the industry. By offering summer internship positions, the Foundation plays a crucial role in connecting aspiring professionals with career opportunities in the asphalt sector, thereby ensuring a continuous flow of skilled personnel in the industry.
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Impact
July, 2024
Asphalt Institute Foundation Inc's impact is significant in conducting strategic research and educational activities in the asphalt industry. The foundation focuses on economic, worker, sustainability, and performance issues, benefiting both the industry and the general public. By vetting projects through a panel of expert professionals, the foundation ensures high-quality outcomes. One key aspect of their impact is the internship program that connects university students to industry companies, creating a vital pathway for students to explore careers in the industry. This initiative not only benefits the individuals involved but also contributes to the overall employment landscape in the asphalt industry.
This information is meant to be a general summary of Asphalt Institute Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $18,219
- Program Service Revenue: $223,675
- Gross Receipts: $977,209
Assets and Liabilities:
- Total Assets: $3,122,274
- Total Liabilities: $21,696
- Net Assets: $3,100,578
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SEMINARS
Revenue
$223,675
Organization Details
Founding Year
2014
Phone
(859) 288-4960Principal Officer
Peter Grass
Main Address
2696 RESEARCH PARK DRIVE, LEXINGTON, KY, 40511
Website
www.asphaltfoundation.orgNTEE Category
Code: J22 - Employment
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