ASE EDUCATION FOUNDATION

EIN: 362957357 501(c)(3)

LEESBURG, VA

Total Revenue
$2,212,446
Total Expenses
$2,817,908
Total Assets
$2,235,266
Net Assets
$1,765,358
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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
IL
Principal Officer
MICHAEL G COLEY
Phone
7036696677
Tax Period
2023-01-01 to 2023-12-31

ASE EDUCATION FOUNDATION, founded in 1975, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Expenses of $2.8M exceeded revenue, resulting in a 27% operating deficit.

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.

Program Service Accomplishments

Program 1
Expenses: $2,097,765 Revenue: $897,010

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...

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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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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,288,299
Program Service Revenue $897,010
Investment Income $27,137
Other Revenue $0
TOTAL REVENUE $2,212,446

Expense Breakdown

Grants Paid $16,120
Salaries & Benefits $1,128,050
Fundraising Expenses $0
Program Expenses $2,097,765
Other Expenses $1,673,738
TOTAL EXPENSES $2,817,908

Year-over-Year Comparison

2023 2022 Change
Revenue $2,212,446 $2,220,296 0.0%
Expenses $2,817,908 $2,647,157 +0.1%
Net Income $-605,462 $-426,861 +0.4%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
24
Independent Members
23
Employees
10
Volunteers
24

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$307,087
Total Directors
25
$307,087
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL G COLEY PRESIDENT 40.00
Officer Director
$252,700 $54,387 $307,087
MICHAEL GODSON PAST CHAIR 1.00
Director
$0 $0 $0
FAY WATTS DIRECTOR 1.00
Director
$0 $0 $0
TREY MICHAEL CHAIR 1.00
Officer Director
$0 $0 $0
JOELLE POLLAK VICE CHAIR 1.00
Officer Director
$0 $0 $0
TIMOTHY A ZILKE PRESIDENT & CEO 1.00
Officer Director
$0 $0 $0
MITCH BECKER DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL HOFFMAN DIRECTOR 1.00
Director
$0 $0 $0
JENNY KOVACS DIRECTOR 1.00
Director
$0 $0 $0
ERIC KENAR TREASURER 1.00
Officer Director
$0 $0 $0
CHRIS BLANCHETTE DIRECTOR 1.00
Director
$0 $0 $0
RODNEY KOSCHKEE DIRECTOR 1.00
Director
$0 $0 $0
HOWARD ABRAHAMS DIRECTOR 1.00
Director
$0 $0 $0
JONATHAN COLLEGIO DIRECTOR 1.00
Director
$0 $0 $0
BRIAN LACROIX DIRECTOR 1.00
Director
$0 $0 $0
JUSTIN MORGAN DIRECTOR 1.00
Director
$0 $0 $0
DREW JABLONOWSKI DIRECTOR 1.00
Director
$0 $0 $0
STEVE PLAYL JR DIRECTOR 1.00
Director
$0 $0 $0
CHELLE TRAVIS DIRECTOR 1.00
Director
$0 $0 $0
JIM SENNETT DIRECTOR 1.00
Director
$0 $0 $0
DWAYNE MYERS SECRETARY 1.00
Officer Director
$0 $0 $0
BRIAN BELL DIRECTOR 1.00
Director
$0 $0 $0
KRISTY JORDAN DIRECTOR 1.00
Director
$0 $0 $0
LISA VASSALLO DIRECTOR 1.00
Director
$0 $0 $0
JARED RICART DIRECTOR 1.00
Director
$0 $0 $0
GEORGE ARRANTS VICE PRESIDENT 40.00
Highest
$138,100 $30,463 $168,563
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $2,212,446 $2,817,908 $2,235,266 $-605,462
2022 $2,220,296 $2,647,157 $2,293,152 $-426,861
2021 $1,820,182 $1,918,122 $2,866,454 $-97,940
2020 $1,501,913 $1,468,226 $2,973,089 $33,687
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