Ase Education Foundation
- Assets
- $2.2m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 10
- Location
- Leesburg, VA
- Founding
- 05/1978
- Data as of
- 12/2023
- EIN
- 36-2957357
Organization Overview
Ase Education Foundation is located in Leesburg, VA. The organization was established in 1978. According to its NTEE Classification (J03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Employment and related organizations. As of 12/2023, Ase Education Foundation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ase Education Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Ase Education Foundation generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $2.8m during the year ending 12/2023. While expenses have increased by 17.7% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ASE EDUCATION FOUNDATION ACCREDITS HIGH SCHOOL AND POST-SECONDARY INSTITUTIONS AUTOMOTIVE SERVICE TECHNOLOGY PROGRAMS VIA A STANDARDIZED PEER REVIEW PROCESS. THE ASE EDUCATION FOUNDATION ALSO SUPPORTS AUTOMOTIVE SERVICE TECHNOLOGY INSTRUCTORS BY HOLDING ANNUAL INSTRUCTOR TRAINING CONFERENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASE EDUCATION FOUNDATION IS A NONPROFIT CORPORATION ORGANIZED TO PROMOTE EDUCATIONAL PROJECTS RELATED TO THE AUTOMOTIVE SERVICE INDUSTRY. IT EVALUATES AND EXAMINES AUTOMOTIVE TRAINING PROGRAMS, IDENTIFIES STRENGTHS AND WEAKNESSES, AND IMPROVES SUCH PROGRAMS THROUGH A STANDARDIZED EVALUATION AND ACCREDITATION PROCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael G Coley President | OfficerTrustee | 40 | $252,700 |
Michael Godson Past Chair | Trustee | 1 | $0 |
Fay Watts Director | Trustee | 1 | $0 |
Trey Michael Chair | OfficerTrustee | 1 | $0 |
Joelle Pollak Vice Chair | OfficerTrustee | 1 | $0 |
Timothy A Zilke President & CEO | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $35,128 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,253,171 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,288,299 |
| Total Program Service Revenue | $897,010 |
| Investment income | $57,238 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$30,101 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,212,446 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,120 |
| Grants and other assistance to domestic individuals. | $12,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $307,088 |
| Compensation of current officers, directors, key employees. | $153,544 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $573,472 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $186,072 |
| Payroll taxes | $61,418 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,000 |
| Fees for services: Accounting | $28,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,762 |
| Fees for services: Other | $561,669 |
| Advertising and promotion | $120,301 |
| Office expenses | $78,975 |
| Information technology | $101,941 |
| Royalties | $0 |
| Occupancy | $28,319 |
| Travel | $204,651 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $438,194 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,630 |
| All other expenses | $0 |
| Total functional expenses | $2,817,908 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $902,356 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $124,529 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $44,838 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,163,543 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,235,266 |
| Accounts payable and accrued expenses | $291,818 |
| Grants payable | $0 |
| Deferred revenue | $178,090 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $469,908 |
| Net assets without donor restrictions | $1,734,218 |
| Net assets with donor restrictions | $31,140 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,235,266 |