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← TEXAS ASPHALT PAVEMENT ASSOCIATION SCHOLARSHIP PROGRAM

Form 990 for tax year 2024

Filed by TEXAS ASPHALT PAVEMENT ASSOCIATION SCHOLARSHIP PROGRAM.

Totals

Total revenue
$1,171,222
Total expenses
$361,352
Contributions and grants received
$250,705
Grants paid
$332,000
Program service revenue
$0
Investment income
$261,326
Other revenue
$659,191
Total assets, end of year
$3,920,730
Total liabilities, end of year
$16,975
Net assets or fund balances, end of year
$3,903,755
Program services expenses (Part IX)
$361,352
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$361,352

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $250,705

  • 3 · Investment income

    total $165,515 · excluded $165,515

  • 7a · Gross sales of assets other than inventory

    securities $95,811

  • 7c · Gain or loss

    securities $95,811

  • 7d · Net gain or loss

    total $95,811 · related or exempt $95,811

  • 8a · Fundraising events: gross income

    $680,160

  • 8b · Fundraising events: direct expenses

    $20,969

  • 8c · Net income from fundraising events

    total $659,191

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $332,000 · program services $332,000

  • 11f · Fees: investment management

    total $22,110 · program services $22,110

  • 13 · Office expenses

    total $7,242 · program services $7,242

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $909,370 · end of year $80,647

  • 2 · Savings and temporary cash investments

    beginning of year $120,221 · end of year $1,388,477

  • 3 · Pledges and grants receivable

    beginning of year $26,601 · end of year $83,727

  • 9 · Prepaid expenses and deferred charges

    end of year $75,000

  • 12 · Investments: other securities

    beginning of year $2,077,014 · end of year $2,292,879

  • 19 · Deferred revenue

    beginning of year $14,225 · end of year $16,975

  • 27 · Net assets without donor restrictions

    beginning of year $3,118,981 · end of year $3,903,755

Mission and programs · 2024

Mission

TO PROVIDE SCHOLARSHIPS TO COLLEGE STUDENTS WHO HAVE DEMONSTRATED AN INTEREST IN THE ASPHALT AND CONSTRUCTION RELATED FIELDS.

  • TO PROVIDE SCHOLARSHIPS TO COLLEGE STUDENTS WHO HAVE DEMONSTRATED AN INTEREST IN THE ASPHALT AND CONSTRUCTION RELATED FIELDS.

    Expenses $361,352 · Grants $332,000

As filed on the 2024 return.

Listed in Part VII

  • JASON EXUM

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • HAROLD MULLEN

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    1
  • ERIC SCHRANZ

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1
  • CRAIG ODOM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • GENO CARRIER IV

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • BILL THOMAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.0
Source object
202533219349315828

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