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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 2022. Filed on August 13, 2023.

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 2022 IRS Form 990 filing, Asphalt Institute Inc., a 501(c)(6) business league, reported compensation for 7 out of 37 total employees. Among the employees shown here, the average compensation is $269,470. The highest compensated employee at Asphalt Institute Inc. is Peter Grass with fiscal year 2022 compensation of $503,077.

Revenue, expenses, and employee compensation

Revenue

$7,898,545

Expenses

$8,500,617

Employee compensation

$5,094,054
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Peter Grass
President
$503,077
$474,560 No related comp$28,517
Linda Allin
Secretary/Cfo - Until 8/1/22
$255,782
$231,474 No related comp$24,308
Tracie Schlich
Director of Marketing and Membership
$249,196
$209,447 No related comp$39,749
Mark Buncher
Engineering Director
$226,531
$205,472 No related comp$21,059
Bob Humer
SR Regional Engineer
$223,539
$186,435 No related comp$37,104
Paul Sohi
Director HS and E
$214,821
$179,720 No related comp$35,101
Mike Anderson
Director of Research and LAB
$213,347
$177,212 No related comp$36,135

Benchmark Employee Compensation

Non-Employee Board Members

Alistair MacDonald
Director
Bob Cheever
Director
Bob Sedon
Director
Brad Schmitz
Director
Brent Banach
Director
Charles Boan
Director
Chip Ray
Director
Chris Campbell
Director
Clint Rybak
Director
Cody Worden
Director
Craig Fabrizio
Treasurer
Damon Krehbiel
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