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Kentucky · Nonprofit

ASPHALT INSTITUTE INC

ASPHALT INSTITUTE INC (Kentucky) receives grants from 1 organization whose IRS filings report $10,000 to it, the largest being NATIONAL ASPHALT PAVEMENT ASSOCIATION INC ($10,000). 0 of them have funded it in more than one year.

Revenue FY2025
$9.9M
Funders on record
1
Grants received
$10k
Net assets
$13M
0/1 repeat funderspeak grant-dependency 0%
01What it does

What Asphalt Institute Inc does

Mission

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.

As stated on its FY2025 Form 990.

Programs

  1. Publications program. The asphalt institute develops a wide range of safety and educational materials. These include textbook-sized technical manuals, smaller topical publications, and a subscription-free online and print magazine aimed at promoting quality construction of asphalt pavements, among many others. Safety-related publications include both print and video media to help educate workers and prevent accidents. Proprietary software is offered to help manage laboratory quality manuals, a key component of lab certification programs.

  2. Industry research. The asphalt institute conducts both funded and non-funded research related to asphalt mixtures, asphalt binders, and asphalt emulsions. The general goal of this research is to advance the knowledge of asphalt binders and mixtures and to improve performance. Public research is published and presented in technical conferences worldwide.

  3. Training. The asphalt institute develops and offers a wide range of training, both web-based and in-person, to audiences worldwide. Some training courses can lead to individual certification by specialty. Examples of training include basic binder technician training, construction of quality asphalt pavements, pavement inspector certification, and basic roofing technician training, to list a few. These training programs are a major part of the asphalt institute's mission to provide continuing education for the industry.

  4. Membership services. The asphalt institute conducts three large in-person membership meetings per year during which the organization's 12 standing committees meet. A leadership development program for members, first-time participants in meetings, mentor program, robust volunteer program, and other internal programs foster member engagement. Members are also kept abreast of industry activities and trends via the organization's monthly enews and other services.

The 4 programs described on its FY2025 Form 990, listed largest first by expense.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.

100 = 20172017 Revenue 100 ($7.8M) Expenses 100 ($7.7M) Net assets 100 ($10M)2018 Revenue 100 ($7.8M) Expenses 98 ($7.6M) Net assets 97 ($10M)2019 Revenue 103 ($8.0M) Expenses 110 ($8.5M) Net assets 101 ($10M)2020 Revenue 87 ($6.8M) Expenses 86 ($6.6M) Net assets 109 ($11M)2021 Revenue 102 ($7.9M) Expenses 93 ($7.2M) Net assets 117 ($12M)2022 Revenue 101 ($7.9M) Expenses 110 ($8.5M) Net assets 95 ($9.9M)2023 Revenue 119 ($9.3M) Expenses 110 ($8.6M) Net assets 110 ($11M)2024 Revenue 123 ($9.6M) Expenses 122 ($9.4M) Net assets 116 ($12M)2025 Revenue 127 ($9.9M) Expenses 119 ($9.2M) Net assets 124 ($13M)
'17'18'19'20'21'22'23'24'25
Revenue (127)Expenses (119)Net assets (124)

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $14M to $12M (−16%).

$12M
$12M
$12M
$12M
$14M
$12M
$13M
$15M
$15M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2021 8% · 2022 0%. Grants only. Government contracts and fees sit inside program revenue.

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 9 reported years ran a deficit.

$50k
’17
$204k
’18
−$511k
’19
$171k
’20
$728k
’21
−$602k
’22
$723k
’23
$120k
’24
$655k
’25
3.2
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Charles Boan

Chair

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed423840394141424139
Joined·+4+7+8+8+5+13+6+10
No longer listed·8596512712
03Who funds it

Who funds it, year by year

Grant support over time, funder by funder — shade shows the grant size each year.

Funder
'19
total
funders
1

From the IRS filings of ASPHALT INSTITUTE INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

ASPHALT INSTITUTE INC draws 100% of its grant income from funders outside Kentucky, across 1 state in all.

MD

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Government funding ASPHALT INSTITUTE INC receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $37k on record — $21k federal, $16k state.

Federal$21k
grants $0contracts $21k
18
25
Top agencies
  • Department of Defense$21k
State$16k
08
09
11
17
18
20
21
22
24
By state
  • VT$13k
  • NJ$3k

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like ASPHALT INSTITUTE INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Kentucky

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Governance

32
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Footprint & structure

Part of a family of 1 related entity

  • Asphalt Institute Foundation Inc · exempt

Screen this organization

A dated, signed PDF of the compliance screen for ASPHALT INSTITUTE INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds ASPHALT INSTITUTE INC?
ASPHALT INSTITUTE INC (Kentucky) receives grants from 1 organization whose IRS filings report $10,000 to it, the largest being NATIONAL ASPHALT PAVEMENT ASSOCIATION INC ($10,000). 0 of them have funded it in more than one year.
How many funders does ASPHALT INSTITUTE INC have?
IRS filings report 1 organization giving $10,000 in grants to ASPHALT INSTITUTE INC.
Who is the largest funder of ASPHALT INSTITUTE INC?
NATIONAL ASPHALT PAVEMENT ASSOCIATION INC is the largest funder on record, with $10,000 in grants. The full list of funders is on this page.
How can an organization like ASPHALT INSTITUTE INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Kentucky. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing