Ayurvedic Institute
- Assets
- $5.9m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 51
- Location
- Asheville, NC
- Founding
- 01/1986
- Data as of
- 06/2022
- EIN
- 85-0325587
Organization Overview
Ayurvedic Institute is located in Asheville, NC. 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 06/2022, Ayurvedic Institute employed 51 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 06/2022, Ayurvedic Institute generated $3.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $3.2m during the year ending 06/2022. While expenses have increased by 1.8% per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE 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 | $275,000 |
Sharon Scaltrito Secretary | OfficerTrustee | 0.5 | $0 |
Michael Stone Treasurer | OfficerTrustee | 0.5 | $0 |
Harish Raichada Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,557 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,557 |
| Total Program Service Revenue | $2,959,663 |
| Investment income | $1,688 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $20,181 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $136,474 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,156,563 |
| 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. | $275,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $906,505 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $66,745 |
| Fees for services: Management | $2,869 |
| Fees for services: Legal | $3,456 |
| Fees for services: Accounting | $10,865 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $540,910 |
| Advertising and promotion | $24,929 |
| Office expenses | $22,195 |
| Information technology | $80,549 |
| Royalties | $59,441 |
| Occupancy | $121,946 |
| Travel | $2,485 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,030 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,921 |
| Insurance | $40,788 |
| All other expenses | $148,335 |
| Total functional expenses | $3,236,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,211,752 |
| Savings and temporary cash investments | $380,882 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $133,259 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $228,980 |
| Prepaid expenses and deferred charges | $41,436 |
| Net Land, buildings, and equipment | $3,726,564 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $202,805 |
| Total assets | $5,925,678 |
| Accounts payable and accrued expenses | $211,547 |
| Grants payable | $0 |
| Deferred revenue | $124,690 |
| 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 | $1,914,261 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $32,548 |
| Total liabilities | $2,283,046 |
| Net assets without donor restrictions | $3,642,632 |
| 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 | $5,925,678 |