Overview
What is Asphalt Institute Inc?
Asphalt Institute Inc, located in Lexington, Kentucky, serves as a trade association dedicated to advocating for the petroleum-based asphalt industry. They are committed to promoting the safe use, benefits, and quality performance of asphalt through various means. This includes education, engineering, technical development, environmental stewardship, and marketing leadership. They develop a comprehensive range of safety and educational materials, such as technical manuals, smaller publications, and online/print magazines, to promote high-quality asphalt pavement construction. They also provide safety-related publications in various formats to educate workers and prevent accidents. Additionally, Asphalt Institute Inc offers proprietary software to manage laboratory quality manuals, a crucial component of laboratory certification programs. Their reach extends beyond publications, as they are instrumental in fostering a unified voice for their membership in the asphalt industry.
Official website here: www.asphaltinstitute.org
Is Asphalt Institute Inc legitimate?
Asphalt Institute Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Asphalt Institute 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: $758,859
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,373,493
For more financial information, click here
Official website here: www.asphaltinstitute.org
What is the mission statement of Asphalt Institute Inc?
The Asphalt Institute Inc, serving as a trade association, is committed to advocating for the petroleum-based asphalt industry. Its mission is accomplished through various means, including education, engineering, technical development, environmental stewardship, and marketing leadership. By promoting the safe use, benefits, and quality performance of petroleum asphalts, the Asphalt Institute unifies the voices of its membership.
The organization achieves its goals through a comprehensive publications program, generating a wide array of safety and educational materials. These resources span from technical manuals to smaller, topical publications, as well as an online and print magazine aimed at promoting quality construction of asphalt pavements. Safety-focused publications, available in both print and video formats, help educate workers and prevent accidents. The Asphalt Institute also offers proprietary software to aid in managing laboratory quality manuals, which are crucial components of laboratory certification programs.
Official website here: www.asphaltinstitute.org
Who is the CEO of Asphalt Institute Inc?
Peter T Grass is the Chair of Asphalt Institute Inc.
Official website here: www.asphaltinstitute.org
What is the revenue of Asphalt Institute Inc?
Asphalt Institute Inc's revenue in 2022 was $7,898,545.
Official website here: www.asphaltinstitute.org
Who are the executives of Asphalt Institute Inc and what are their salaries?
The average compensation at Asphalt Institute Inc during 2022 was $111,685. There are 37 employees and 245 volunteers at Asphalt Institute Inc.
Here are 41 key members and their salaries:
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Official website here: www.asphaltinstitute.org
Where can I find the form 990 for Asphalt Institute Inc?
Asphalt Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.asphaltinstitute.org
Learn more at the official website: www.asphaltinstitute.org
Mission Statement of Asphalt Institute Inc
Asphalt Institute Inc, a trade association, is dedicated to advocating for the petroleum-based asphalt industry. Its mission is multifaceted, encompassing education, engineering, technical development, environmental stewardship, and marketing leadership. By promoting the safe use, benefits, and quality performance of petroleum asphalts, the Asphalt Institute aims to speak with a unified voice for its membership.
Through various means, the Asphalt Institute works towards achieving its mission. It develops a wide range of safety and educational materials, including technical manuals, smaller topical publications, and an online and print magazine. These resources are aimed at promoting quality construction of asphalt pavements. The organization also produces safety-related publications in both print and video formats to educate workers and prevent accidents. Additionally, Asphalt Institute offers proprietary software to assist in managing laboratory quality manuals, which is a crucial component of laboratory certification programs.
In essence, the Asphalt Institute Inc serves as a beacon of knowledge and innovation within the asphalt industry. Its mission is to educate, innovate, and advocate, ultimately ensuring the safe and effective use of petroleum asphalt products. Through its publications program, technical development, and software solutions, the Asphalt Institute fosters a culture of quality and safety within the industry, ultimately benefiting both its members and the public at large.
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Impact
October, 2024
The Asphalt Institute Inc plays a significant role in enhancing the petroleum-based asphalt industry through various educational initiatives and safety-focused programs. Its extensive publications program produces a range of materials, including technical manuals and topical guides, which serve as vital resources for industry professionals.
By offering a subscription-free online and print magazine, the institute promotes quality construction practices for asphalt pavements, thereby elevating industry standards. It also emphasizes safety by providing educational materials, both print and video, aimed at preventing accidents and ensuring safe work practices among workers in the field.
Furthermore, the Asphalt Institute develops proprietary software to assist in managing laboratory quality manuals, which are essential for laboratory certification programs. Through these efforts, it fosters technical development and environmental stewardship, ensuring that petroleum asphalt is used safely and effectively in various applications. Ultimately, its leadership and commitment to education contribute to community improvement and the overall advancement of the industry.
This information is meant to be a general summary of Asphalt Institute 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: $233,598
- Program Service Revenue: $7,285,051
- Gross Receipts: $10,892,475
Assets and Liabilities:
- Total Assets: $11,736,157
- Total Liabilities: $1,804,919
- Net Assets: $9,931,238
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$4,803,693
RESEARCH & TESTING
Revenue
$950,821
MEETINGS
Revenue
$860,750
SEMINARS
Revenue
$669,787
Organization Details
Founding Year
1919
Phone
(859) 288-4960Principal Officer
Peter T Grass
Main Address
2696 RESEARCH PARK DRIVE, LEXINGTON, KY, 405118480
Website
www.asphaltinstitute.orgNTEE Category
Code: S41 - Community improvement
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