Ayurvedic Institute
- Assets
- $4.3m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 64
- Location
- Albuquerque, NM
- Founding
- 01/1986
- Data as of
- 06/2021
- EIN
- 85-0325587
Organization Overview
Ayurvedic Institute is located in Albuquerque, NM. The organization was established in 1986. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2021, Ayurvedic Institute employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ayurvedic Institute 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 06/2021, Ayurvedic Institute generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $2.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 6 years. 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 AYURVEDIC INSTITUTE WAS ESTABLISHED TO TEACH AND TRAIN PEOPLE IN TRADITIONAL MEDICINE AND HEALING ARTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TUITION: THE AYURVEDIC INSTITUTE WAS ESTABLISHED TO TEACH AND TRAIN PEOPLE IN TRADITIONAL MEDICINE AND THE HEALING ARTS. PROGRAMS WERE OFFERED TO APPROXIMATELY 1500 PEOPLE.
EDUCATIONAL SALES: MANY SUPPORTING EDUCATIONAL MATERIALS ARE USED IN OUR TEACHING PROGRAMS. THESE ARE ESSENTIAL TO THE LEARNING PROCESS AND INCLUDE BOOKS, TAPES AND HERBS.
MEMBERSHIP: MEMBERSHIP IN THE INSTITUTE ENTITLES MEMBERS TO RECEIVE OUR INFORMATIVE QUARTERLY JOURNAL WHICH CONTAINS EDUCATIONAL ARTICLES AND SCHOOL ACTIVITY INFORMATION. THE INSTITUTE HAS ABOUT 1000 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vasant Lad President/chairman | OfficerTrustee | 40 | $42,240 |
Harish Raichada Director | OfficerTrustee | 0.5 | $0 |
Sharon Scaltrito Secretary | OfficerTrustee | 0.5 | $0 |
Michael Stone Treasurer | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,668 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,668 |
| Total Program Service Revenue | $2,439,377 |
| Investment income | $1,951 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $16,885 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,514,881 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $102,966 |
| Compensation of current officers, directors, key employees. | $58,370 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $648,657 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $66,118 |
| Fees for services: Management | $50,991 |
| Fees for services: Legal | $2,181 |
| Fees for services: Accounting | $4,827 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,054 |
| Advertising and promotion | $29,579 |
| Office expenses | $16,999 |
| Information technology | $78,909 |
| Royalties | $77,549 |
| Occupancy | $87,817 |
| Travel | $34 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $319 |
| Insurance | $29,050 |
| All other expenses | $49,075 |
| Total functional expenses | $2,119,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $953,498 |
| Savings and temporary cash investments | $868,660 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $175,262 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $194,195 |
| Prepaid expenses and deferred charges | $10,085 |
| Net Land, buildings, and equipment | $1,935,928 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $201,738 |
| Total assets | $4,339,366 |
| Accounts payable and accrued expenses | $199,911 |
| Grants payable | $0 |
| Deferred revenue | $185,280 |
| 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 | $186,424 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $44,793 |
| Total liabilities | $616,408 |
| Net assets without donor restrictions | $3,722,958 |
| Net assets with donor restrictions | $0 |
| 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 | $4,339,366 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ayurvedic Institute has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Vanguard Charitable Endowment Program Southeastern, PA PURPOSE: FOR RECIPIENT'S EXEMPT PURPOSE | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southwest College Of Naturopathic Medicine And Health Science Inc Tempe, AZ | $29,642,803 | $19,296,647 |
Augustine Institute Inc Greenwood Village, CO | $26,414,625 | $26,811,654 |
Brite Divinity School Fort Worth, TX | $131,791,900 | $16,856,485 |
Phoenix Seminary Inc Scottsdale, AZ | $3,442,651 | $6,984,863 |
Dallas Seminary Foundation Vision Fund Dallas, TX | $4,584,823 | $10,722,757 |
Grace School Of Theology The Woodlands, TX | $1,343,724 | $6,038,036 |
Rio Grande Bible Institute Inc Edinburg, TX | $14,715,494 | $6,700,846 |
Robert O Anderson School And Graduate School Of Management Foun Albuquerque, NM | $0 | $273,602 |
Carden Memorial Foundation Salt Lake City, UT | $4,214,343 | $3,451,718 |
Academy For The Love Of Learning Inc Santa Fe, NM | $22,846,093 | $2,334,127 |
Ayurvedic Institute Albuquerque, NM | $4,339,366 | $2,514,881 |
Dallas International University Dallas, TX | $5,420,803 | $2,599,528 |