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← ASE EDUCATION FOUNDATION

Form 990 for tax year 2024

Filed by ASE EDUCATION FOUNDATION.

Totals

Total revenue
$2,887,468
Total expenses
$3,238,297
Contributions and grants received
$1,554,500
Grants paid
$7,000
Program service revenue
$1,242,621
Investment income
$90,347
Other revenue
$0
Total assets, end of year
$1,925,176
Total liabilities, end of year
$503,042
Net assets or fund balances, end of year
$1,422,134
Program services expenses (Part IX)
$2,462,756
Management and general expenses
$775,541
Fundraising expenses
$0
Program service expenses (Part III)
$2,462,756

Program services were 76.1% 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.

  • 1d · Related organizations

    $100,000

  • 1f · All other contributions, gifts and grants

    $1,454,500

  • 2a · Program service revenue: AUTOMOTIVE, AUTOBODY &

    total $1,182,621 · related or exempt $1,182,621

  • 2b · Program service revenue: EXCHANGE REVENUE

    total $60,000 · related or exempt $60,000

  • 3 · Investment income

    total $44,647 · excluded $44,647

  • 7a · Gross sales of assets other than inventory

    securities $397,214

  • 7b · Less cost or other basis and sales expenses

    securities $351,514

  • 7c · Gain or loss

    securities $45,700

  • 7d · Net gain or loss

    total $45,700 · excluded $45,700

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $7,000 · program services $7,000

  • 5 · Compensation of officers, directors and key employees

    total $560,192 · program services $280,096 · management and general $280,096

  • 7 · Other salaries and wages

    total $507,249 · program services $253,625 · management and general $253,624

  • 8 · Pension plan contributions

    total $52,816 · program services $26,408 · management and general $26,408

  • 9 · Other employee benefits

    total $49,298 · program services $24,649 · management and general $24,649

  • 10 · Payroll taxes

    total $65,212 · program services $32,606 · management and general $32,606

  • 11c · Fees: accounting

    total $38,445 · management and general $38,445

  • 11f · Fees: investment management

    total $8,394 · management and general $8,394

  • 11g · Fees: other

    total $747,141 · program services $747,141

  • 12 · Advertising and promotion

    total $137,713 · program services $137,713

  • 13 · Office expenses

    total $65,871 · program services $48,176 · management and general $17,695

  • 14 · Information technology

    total $91,415 · program services $91,415

  • 16 · Occupancy

    total $28,956 · management and general $28,956

  • 17 · Travel

    total $241,756 · program services $229,668 · management and general $12,088

  • 19 · Conferences, conventions and meetings

    total $629,554 · program services $580,616 · management and general $48,938

  • 23 · Insurance

    total $7,285 · program services $3,643 · management and general $3,642

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $902,356 · end of year $207,599

  • 3 · Pledges and grants receivable

    beginning of year $50,000 · end of year $405,000

  • 4 · Accounts receivable

    beginning of year $74,529 · end of year $45,527

  • 9 · Prepaid expenses and deferred charges

    beginning of year $44,838 · end of year $16,954

  • 10a · Land, buildings and equipment: cost or other basis

    $537,143

  • 10b · Land, buildings and equipment: accumulated depreciation

    $537,143

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $1,163,543 · end of year $1,250,096

  • 17 · Accounts payable and accrued expenses

    beginning of year $291,818 · end of year $306,039

  • 19 · Deferred revenue

    beginning of year $178,090 · end of year $197,003

  • 27 · Net assets without donor restrictions

    beginning of year $1,734,218 · end of year $1,095,994

  • 28 · Net assets with donor restrictions

    beginning of year $31,140 · end of year $326,140

Mission and programs · 2024

Mission

THE ASE EDUCATION FOUNDATION WORKS WITH AUTOMOTIVE SERVICE TECHNOLOGY EDUCATION PROGRAMS, STUDENTS AND EMPLOYERS NATIONALLY TO PROVIDE THE TRANSPORTATION INDUSTRY A VIABLE EMPLOYMENT PIPELINE USING STANDARDS, CREDENTIALS, CAREER DEVELOPMENT AND WORKPLACE EXPOSURE.

Activities or mission (Part I)

AS THE NATION'S AUTOMOTIVE SERVICE INDUSTRY LEADERS, ASE RE-IMAGINED A NEW WAY OF CULTIVATING AN INSPIRED WORKFORCE. THEY SET OUT TO BRIDGE THE GAP BETWEEN THE EMPLOYER'S NEEDS AND HOW WE TEACH OUR STUDENTS BY LOOKING AT THE BIG PICTURE OF THE ENTIRE LEARNING LIFE CYCLE AND DESIGNED A SOLUTION THAT ALIGNS SCHOOLS, STUDENTS, INSTRUCTORS, TRAINING MANAGERS, AND EMPLOYERS IN A UNIVERSAL SYSTEM. THE RESULT? THE ASE EDUCATION FOUNDATION.

  • 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.

    Expenses $2,462,756 · Grants $7,000 · Revenue $1,242,621

As filed on the 2024 return.

Listed in Part VII

  • BRENT FRANKS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • BRIAN BELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • BRIAN LACROIX

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • CAMRON WILSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • CHELLE TRAVIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • DAVID JOHNSON

    ASE PRESIDENT & CEO

    Total calculated
    $669,099
    From this org
    $0
    From related orgs
    $553,062
    Other
    $116,037
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $392,626 related
    Bonus
    $0 + $140,000 related
    Other
    $0 + $20,436 related
    Deferred
    $0 + $92,663 related
    Nontaxable benefits
    $0 + $23,374 related
    Filer's total
    $0 + $669,099 related
  • DENNIS HARDEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • DREW JABLONOWSKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • DWAYNE MYERS

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • ERIC KENAR

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • FAY WATTS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • HOWARD ABRAHAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JARED RICART

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JASON ROSS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JENNY KOVACS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JIM SENNETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JOE OLESON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JOELLE POLLAK

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • JUSTIN MORGAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • KRISTY JORDAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • LISA VASSALLO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • MITCH BECKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • TREY MICHAEL

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1
  • GEORGE ARRANTS

    VICE PRESIDENT

    Total calculated
    $201,384
    From this org
    $163,025
    From related orgs
    $0
    Other
    $38,359
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,526
    Bonus
    $21,825
    Other
    $3,674
    Deferred
    $8,730
    Nontaxable benefits
    $29,629
    Filer's total
    $201,384
  • MICHAEL G COLEY

    PRESIDENT

    Total calculated
    $358,809
    From this org
    $294,660
    From related orgs
    $0
    Other
    $64,149
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $248,497
    Bonus
    $39,000
    Other
    $7,163
    Deferred
    $32,500
    Nontaxable benefits
    $31,649
    Filer's total
    $358,809

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION FOR ASE EF IS DETERMINED BY NATIONAL INSTITUTE FOR AUTOMOTIVE SERVICE EXCELLENCE
PART I, LINE 7
MICHAEL G. COLEY AND GEORGE ARRANTS RECEIVED NON-FIXED DISCRETIONARY BONUSES OF $39,000 AND $21,825 RESPECTIVELY IN 2024.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202513179349302851

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