philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Association for Traditional Studies FY2020 filing

Tax-deductible

Asheville, NC501(c)(3)Since 1998Foundations & Grantmakers EIN 84-1436728Revenue $447K in FY2020

On file with the IRStraditionalstudies.org23 Broadway St, 28801-2903 · Asheville, NCTax-exempt since Sep 1998Publicly supported charity — 170(b)(1)(A)(vi)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

The Association of Traditional Studies is an education focused public charity, providing training programs for professionals in the fields of Chinese medicine, martial arts and self development as well as providing low cost opportunities for the public.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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 5
filings with a surplus
Average surplus $25K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $5K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$75K
39% of total assets
Looks good: liabilities are 39% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$447K
Spent
$481K
To programs
82%
Net assets
$120K
By yearFY2020–FY2025
Revenue
$447K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$447K
FY2022$679K
FY2023$779K
FY2024$865K
FY2025$1.0M
Expenses
$481K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$481K
FY2022$696K
FY2023$767K
FY2024$849K
FY2025$885K
Net assets
$120K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$120K
FY2022$182K
FY2023$194K
FY2024$209K
FY2025$356K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2020 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 Sep 1998.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $396K Management & general 13% · $64K Fundraising 4% · $21K

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

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Peter Alexander
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Andrew Nugent-Head’s $238K as Executive Director is at the 99th percentile of top reported officer pay among 1265 $100K–1M philanthropy & grantmaking 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023
Andrew Nugent-Head$238,134$106,985$73,652
Julieann Nugent-Head$107,128——

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 Association for Traditional Studies executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Offers training in Chinese medicine, martial arts, and self-development, with low-cost public programs.

Questions for Association for Traditional Studies

Tap to ask. Association for Traditional Studies sees how many people are interested.

Your first name shows with your question. Association for Traditional Studies answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $396K · in their own filed words · FY2020
01

1. Provided pro-bono medical care in 2020 and kept fees for treatment below industry standards. 2. Trained international and local practitioners in tangible application of chinese medicine through clinical internship at the alternative clinic. 3. Treated over 1,000 individual patients in the asheville area.

$396Kprogram 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
The Freedom Forum INCFY2023$5K
Amazonsmile FoundationFY2023$96
Total grants receivedfrom 2 funders$5K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$447K
Ln 12
Fees for servicesLn 2g$402K
Gifts and grantsLn 1h$45K
Money outPt IX
$481K
Ln 25
Programscol B$396K
Managementcol C$64K
Fundraisingcol D$21K
Owns and owesPt X
$120K
net assets · Ln 32
Cash and savingsLn 1–2$50K
Total assetsLn 16$195K
LiabilitiesLn 26$75K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$45K
Fees for servicesLn 2g$402K
Total revenueLn 12$447K
Assets in detailPt X, end of year
CashLn 1$50K
Cash and savings togetherLn 1–2$50K
Land, buildings, equipmentLn 10c$2K
Other assetsLn 15$105K
Total assetsLn 16$195K
LiabilitiesLn 26$75K
Net assetsLn 32$120K
OperationsPt I, VI
EmployeesI 54
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$132K$50K
Land, buildings, equipmentLn 10c$4K$2K
Total assetsLn 16$165K$195K
LiabilitiesLn 26$12K$75K
Net assetsLn 32$154K$120K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of disqualified personsLn 6$140K$112K$21K$7K
Other salaries and wagesLn 7$141K$113K$21K$7K
Payroll taxesLn 10$23K$19K$3K$1K
Legal feesLn 11b$1K$1K$217$72
Accounting feesLn 11c$5K$4K$824$275
Other fees for servicesLn 11g$16K$13K$2K$647
Advertising and promotionLn 12$8K$6K$1K$393
Office expensesLn 13$4K$3K$596$199
RoyaltiesLn 15$20K$16K$3K$1K
OccupancyLn 16$52K$42K$8K$3K
TravelLn 17$1K$969$138$46
InterestLn 20$40$32$6$2
Depreciation, depletion and amortizationLn 22$2K$1K$277$92
InsuranceLn 23$2K$1K$263$88
Other expenses (24a–d)Ln 24$62K$61K$1K$430
All other expensesLn 24e$2K$2K$312$104
Total functional expensesLn 25$481K$396K$64K$21K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.0M$885K$146K$356K 990 PDF
FY2024 $865K$849K$15K$209K 990 PDF
FY2023 $779K$767K$12K$194K 990 PDF
FY2022 $679K$696K−$17K$182K 990 PDF
FY2021 Not on file
FY2020 Viewing $447K$481K−$34K$120K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $447,146 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $62,475$44,796
I-9 Program service revenuePrior year $517,208$402,350
I-10 Investment income$0
I-11 Other revenuePrior year $2,437$0
I-12 Total revenuePrior year $582,120$447,146
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $341,797$304,570
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $186,601$176,353
I-18 Total expensesPrior year $528,398$480,923
I-19 Revenue less expensesPrior year $53,722−$33,777
Part VI · Governance 4 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $447,146 across 4 lines filed
Lines not itemized here account for −$312 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$44,796
VIII-1h Total contributions, gifts and grants$44,796
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $402,662$402,662
VIII-12 Total revenueRelated to mission $402,350$447,146
Part IX · Statement of functional expenses $480,923 across 16 lines filed
IX-6 Pay of disqualified personsPrograms $112,148 · Management $21,028 · Fundraising $7,010$140,186
IX-7 Other salaries and wagesPrograms $113,005 · Management $21,188 · Fundraising $7,063$141,256
IX-10 Payroll taxesPrograms $18,503 · Management $3,469 · Fundraising $1,156$23,128
IX-11b Legal feesPrograms $1,155 · Management $217 · Fundraising $72$1,444
IX-11c Accounting feesPrograms $4,393 · Management $824 · Fundraising $275$5,492
IX-11g Other fees for servicesPrograms $13,158 · Management $1,940 · Fundraising $647$15,745
IX-12 Advertising and promotionPrograms $6,288 · Management $1,179 · Fundraising $393$7,860
IX-13 Office expensesPrograms $3,176 · Management $596 · Fundraising $199$3,971
IX-15 RoyaltiesPrograms $16,379 · Management $3,071 · Fundraising $1,024$20,474
IX-16 OccupancyPrograms $41,701 · Management $7,819 · Fundraising $2,606$52,126
IX-17 TravelPrograms $969 · Management $138 · Fundraising $46$1,153
IX-20 InterestPrograms $32 · Management $6 · Fundraising $2$40
IX-22 Depreciation, depletion and amortizationPrograms $1,476 · Management $277 · Fundraising $92$1,845
IX-23 InsurancePrograms $1,400 · Management $263 · Fundraising $88$1,751
IX-24 Other expenses (24a–d)Programs $60,657 · Management $1,287 · Fundraising $430$62,374
IX-24e All other expensesPrograms $1,662 · Management $312 · Fundraising $104$2,078
IX-25 Total functional expensesPrograms $396,102 · Management $63,614 · Fundraising $21,207$480,923
Part X · Balance sheet $194,936 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $131,675$50,428
X-8 Inventories for sale or useStart of year $26,595$37,847
X-10c Land, buildings and equipment, netStart of year $3,609$1,762
X-15 Other assetsStart of year $3,200$104,899
X-16 Total assetsStart of year $165,079$194,936
X-17 Accounts payable and accrued expensesStart of year $10,806$5,407
X-19 Deferred revenue$65,375
X-25 Other liabilitiesStart of year $773$4,431
X-26 Total liabilitiesStart of year $11,579$75,213
X-27 Net assets without donor restrictionsStart of year $153,500$119,723
X-32 Total net assets or fund balancesStart of year $153,500$119,723
X-33 Total liabilities and net assetsStart of year $165,079$194,936
Part XI · Reconciliation of net assets $119,723 net assets at year end
XI-1 Total revenue$447,146
XI-2 Total expenses$480,923
XI-3 Revenue less expenses−$33,777
XI-4 Net assets at start of year$153,500
XI-10 Net assets at end of year$119,723

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.