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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Asphalt Institute Inc.

Asphalt Institute Inc.

Fiscal year ending 2024. Filed on September 2, 2025.

2696 Research Park Drive
Lexington, Kentucky 40511

Asphalt Institute Inc. (EIN: 61-1148531) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Asphalt Institute Inc., a 501(c)(6) business league, reported compensation for 7 out of 33 total employees. Among the employees shown here, the average compensation is $267,714. The highest compensated employee at Asphalt Institute Inc. is Peter T Grass with fiscal year 2024 compensation of $538,643.

Revenue, expenses, and employee compensation

Revenue

$9,562,397

Expenses

$9,442,469

Employee compensation

$5,187,680
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Peter T Grass
President
$538,643
$511,560 No related comp$27,083
Mark Buncher
Engineering Director
$239,356
$219,334 No related comp$20,022
Daniel Gierhart
Deputy Director of Engineering
$230,865
$193,293 No related comp$37,572
Paul Sohi
Director HS and E
$229,744
$193,376 No related comp$36,368
Mike Anderson
Director of Research and LAB
$225,260
$187,967 No related comp$37,293
Tracie Schlich
Director of Marketing and Membership
$223,641
$206,778 No related comp$16,863
Danielle Steinberg
Director Finance and Admin/Secretary
$186,489
$151,886 No related comp$34,603

Benchmark Employee Compensation

Non-Employee Board Members

Bob Cheever
Director
Bob Sedon
Director
Brad Schmitz
Director
Brent Banach
Director
Charles Boan
Vice Chair
Chip Ray
Director
Chris Campbell
Director
Clint Rybak
Director
Craig Fabrizio
Treasurer
Damon Krehbiel
Director
Dominic Kruggel
Director
Donna Kwapis
Director

Mission Statement

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.

Revisions to this organization profile

September 2, 2025:
2024 Asphalt Institute Inc. 990 filed
August 20, 2024:
2023 Asphalt Institute Inc. 990 filed
August 13, 2023:
2022 Asphalt Institute Inc. 990 filed

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Other organizations also named Asphalt Institute

Asphalt Institute Foundation Inc.
Lexington, Kentucky