Ase Education Foundation
- Assets
- $2.9m
- Revenue
- $1.8m
- Investments
- $285.5k
- Employees
- 7
- Location
- Leesburg, VA
- Founding
- 05/1978
- Data as of
- 12/2021
- 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 12/2021, Ase Education Foundation employed 7 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 12/2021, Ase Education Foundation generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 12.6% per year over the past 6 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
2021
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael G Coley President | OfficerTrustee | 40 | $233,833 |
Tom Richardson Senior Vice President | 40 | $129,335 | |
George Arrants Vice President | 40 | $126,030 | |
Donna Schaar Chair | OfficerTrustee | 1 | $0 |
Michael Godson Vice Chair | OfficerTrustee | 1 | $0 |
Gary Uyematsu Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $25,233 |
| Government grants | $102,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,294,999 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,422,632 |
| Total Program Service Revenue | $366,801 |
| Investment income | $5,455 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,294 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,820,182 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500 |
| Grants and other assistance to domestic individuals. | $30,890 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $286,479 |
| Compensation of current officers, directors, key employees. | $143,239 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $474,329 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $162,359 |
| Payroll taxes | $58,202 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,000 |
| Fees for services: Accounting | $22,243 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $489,719 |
| Advertising and promotion | $82,926 |
| Office expenses | $60,434 |
| Information technology | $127,859 |
| Royalties | $0 |
| Occupancy | $41,899 |
| Travel | $19,311 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,820 |
| Interest | $586 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,632 |
| Insurance | $4,934 |
| All other expenses | $0 |
| Total functional expenses | $1,918,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,276,055 |
| Pledges and grants receivable | $160,000 |
| Accounts receivable, net | $22,070 |
| 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 | $13,391 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $109,430 |
| Investments—other securities | $285,508 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,866,454 |
| Accounts payable and accrued expenses | $47,219 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $101,435 |
| Other liabilities | $0 |
| Total liabilities | $148,654 |
| Net assets without donor restrictions | $2,696,465 |
| Net assets with donor restrictions | $21,335 |
| 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 | $2,866,454 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ase Education Foundation has recieved totaling $13,000.
| Awarding Organization | Amount |
|---|---|
Boston Foundation Inc Boston, MA PURPOSE: Scholarship | $13,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Occupational Therapy Association Inc North Bethesda, MD | $36,395,415 | $20,998,534 |
West Virginia Association Of Rehabilitation Facilities Inc Charleston, WV | $5,842,851 | $18,678,940 |
American Staffing Association Alexandria, VA | $16,340,817 | $11,976,262 |
The Corps Network Washington, DC | $4,228,132 | $9,184,608 |
Springboard 2000 Enterprises Inc Mclean, VA | $1,407,030 | $2,082,729 |
Ase Education Foundation Leesburg, VA | $2,866,454 | $1,820,182 |
Employee Assistance Professionals Association Inc Arlington, VA | $935,810 | $1,325,108 |
Women Business Collaborative Washington, DC | $1,109,643 | $1,583,362 |
Association Of Womens Business Centers Washington, DC | $509,580 | $1,225,444 |
Employee Activity Association Inc McLEAN, VA | $591,204 | $1,047,342 |
Mechanical Industry Promotion Fund Of Kentucky Louisville, KY | $863,956 | $542,987 |
Global Feed Lca Institue Arlington, VA | $115,405 | $200,003 |