Academy for Five Element Acupuncture INC FY2023 filing

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To educate highly effective, compassionate and successful Five Element Acupuncture and herbal medicine practitioners who provide exceptional, personalized patient care. The Academy is a nationally accredited master degree program.

501(c)(3) charity; gifts are tax-deductible.
56¢ of each $1 spent went to programs.
$142K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $71K a year · 5% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
56%
of spending
Worth a look: 56% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$142K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 4.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $34
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.1M
69% of total assets
Worth a look: liabilities are 69% of assets; over 65%.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
-39% vs prior year
Spent
$1.4M
To programs
56%
Net assets
$928K
By yearFY2020–FY2025
Revenue
$1.1M
FY2023▼ -39%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.5M
FY2021$1.7M
FY2022$1.8M
FY2023$1.1M
FY2024$1.2M
FY2025$921K
Expenses
$1.4M
FY2023▼ -30%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.4M
FY2021$1.6M
FY2022$1.9M
FY2023$1.4M
FY2024$1.2M
FY2025$1.1M
Net assets
$928K
FY2023▼ -25%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$1.4M
FY2022$1.2M
FY2023$928K
FY2024$941K
FY2025$756K

From the FY2023 Form 990 (year ending September 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1997.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

56 cents of each dollar spent went to programs.

Program services 56% · $763K Management & general 44% · $599K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990; $142K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$101,753Pt VII · Sec A
$40,608Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Di
$0Pt VII · Sec A

Charles Graham’s $60K as Secretary is at the 10th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022
Misti Oxford-Pickeral——$101,753$101,753
Rebekah Johnson$39,231$85,000——
Charles Graham$59,877———
Greta Pursley$48,462———
Angela Xistris Krueger——$40,608—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Academy for Five Element Acupuncture INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Trains acupuncturists and herbalists to provide exceptional, personalized patient care.

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1 program · $763K · in their own filed words · FY2022
01

The organization provides students with a distinctive master degree program in the theory, philosophy and practice of five element acupuncture and chinese herbal medicine. The organization also offers an affordable intern-based treatment clinic that serves the local community.

$763Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$34

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Sep 2024 · $761K federal money spent
Federal Direct Loan ProgramDepartment of Education · ALN 84.268 · Direct$761K

The auditor reported: a weakness in money controls.

Year ending Sep 2023 · $1.1M federal money spent
Federal Direct Loan ProgramDepartment of Education · ALN 84.268 · Direct$1.1M

The auditor reported no findings.

Year ending Sep 2022 · $1.7M federal money spent
Federal Direct Student Loan ProgramDepartment of Education · ALN 84.268 · Direct$1.7M

The auditor reported 1 finding: a weakness in money controls.

Year ending Sep 2021 · $1.7M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$1.6M
Education Stabilization FundDepartment of Education · ALN 84.425 · Direct$95K

The auditor reported 1 finding.

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$797
Money outPt IX
$1.4M
Ln 25
Programscol B$763K
Managementcol C$599K
Owns and owesPt X
$928K
net assets · Ln 32
Cash and savingsLn 1–2$472K
Total assetsLn 16$3.0M
LiabilitiesLn 26$2.1M
PeoplePt VI, VII
6
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$797
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$126K
SavingsLn 2$345K
Cash and savings togetherLn 1–2$472K
Pledges and grants receivableLn 3$23K
Accounts receivableLn 4$882K
Notes and loans receivableLn 7$45K
Prepaid expenses and deferred chargesLn 9$35K
Land, buildings, equipmentLn 10c$1.5M
Other assetsLn 15$15K
Total assetsLn 16$3.0M
LiabilitiesLn 26$2.1M
Net assetsLn 32$928K
OperationsPt I, VI
EmployeesI 515
VolunteersI 611
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$483K$472K
Land, buildings, equipmentLn 10c$1.6M$1.5M
Total assetsLn 16$2.7M$3.0M
LiabilitiesLn 26$1.5M$2.1M
Net assetsLn 32$1.2M$928K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$142K$83K$59K
Other salaries and wagesLn 7$634K$372K$263K
Other employee benefitsLn 9$18K$11K$8K
Payroll taxesLn 10$36K$21K$15K
Management feesLn 11a$52K$1K$51K
Accounting feesLn 11c$110K$2K$108K
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$45K$10K$36K
OccupancyLn 16$91K$75K$15K
TravelLn 17$15K$15K
InterestLn 20$23K$23K
Depreciation, depletion and amortizationLn 22$66K$53K$13K
InsuranceLn 23$26K$25K$2K
Other expenses (24a–d)Ln 24$96K$89K$7K
Total functional expensesLn 25$1.4M$763K$599K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Aug 3, 2026 $921K$1.1M−$186K$756K 990 PDF
FY2024Filed with the IRS Apr 17, 2025 $1.2M$1.2M$13K$941K 990 PDF
FY2023 ViewingFiled with the IRS May 20, 2024 $1.1M$1.4M−$286K$928K 990 PDF
FY2022Filed with the IRS Aug 14, 2023 $1.8M$1.9M−$180K$1.2M 990 PDF
FY2021Filed with the IRS Aug 12, 2022 $1.7M$1.6M$147K$1.4M 990 PDF
FY2020Filed with the IRS Jul 8, 2021 $1.5M$1.4M$63K$1.3M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $1,076,053 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $389,642$0
I-9 Program service revenuePrior year $1,323,185$1,075,256
I-10 Investment incomePrior year −$195$797
I-11 Other revenuePrior year $27,963$0
I-12 Total revenuePrior year $1,740,595$1,076,053
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,286,176$830,911
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $663,551$531,206
I-18 Total expensesPrior year $1,949,727$1,362,117
I-19 Revenue less expensesPrior year −$209,132−$286,064
Part VI · Governance 5 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,076,053 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,075,256$1,075,256
VIII-3 Investment incomeRelated to mission $797$797
VIII-12 Total revenueRelated to mission $1,076,053$1,076,053
Part IX · Statement of functional expenses $1,362,117 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $83,416 · Management $58,945$142,361
IX-7 Other salaries and wagesPrograms $371,597 · Management $262,588$634,185
IX-9 Other employee benefitsPrograms $10,634 · Management $7,515$18,149
IX-10 Payroll taxesPrograms $21,221 · Management $14,995$36,216
IX-11a Management feesPrograms $1,146 · Management $51,211$52,357
IX-11c Accounting feesPrograms $2,418 · Management $108,017$110,435
IX-12 Advertising and promotionPrograms $5,735$5,735
IX-13 Office expensesPrograms $9,831 · Management $35,609$45,440
IX-16 OccupancyPrograms $75,335 · Management $15,470$90,805
IX-17 TravelPrograms $15,184$15,184
IX-20 InterestManagement $23,197$23,197
IX-22 Depreciation, depletion and amortizationPrograms $52,534 · Management $13,134$65,668
IX-23 InsurancePrograms $24,721 · Management $1,770$26,491
IX-24 Other expenses (24a–d)Programs $89,122 · Management $6,772$95,894
IX-25 Total functional expensesPrograms $762,894 · Management $599,223 · Fundraising $0$1,362,117
Part X · Balance sheet $3,003,324 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $132,980$126,489
X-2 Savings and temporary cash investmentsStart of year $349,561$345,042
X-3 Pledges and grants receivableStart of year $27,799$23,154
X-4 Accounts receivableStart of year $291,982$882,027
X-7 Notes and loans receivableStart of year $270,632$44,606
X-9 Prepaid expenses and deferred chargesStart of year $34,017$34,736
X-10c Land, buildings and equipment, netStart of year $1,597,846$1,532,178
X-15 Other assets$15,092
X-16 Total assetsStart of year $2,704,817$3,003,324
X-17 Accounts payable and accrued expensesStart of year $130,321$81,922
X-19 Deferred revenueStart of year $576,109$1,230,172
X-24 Unsecured notes and loans payableStart of year $783,869$747,684
X-25 Other liabilities$15,092
X-26 Total liabilitiesStart of year $1,490,299$2,074,870
X-27 Net assets without donor restrictionsStart of year $1,214,518$928,454
X-32 Total net assets or fund balancesStart of year $1,214,518$928,454
X-33 Total liabilities and net assetsStart of year $2,704,817$3,003,324
Part XI · Reconciliation of net assets $928,454 net assets at year end
XI-1 Total revenue$1,076,053
XI-2 Total expenses$1,362,117
XI-3 Revenue less expenses−$286,064
XI-4 Net assets at start of year$1,214,518
XI-10 Net assets at end of year$928,454

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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