Association for Traditional Studies FY2023 filing

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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.
80¢ of each $1 spent went to programs.
$74K 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 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
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$74K
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
1 mo
of spending, in cash
Fine: 1.2 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
$3K
1% of total assets
Looks good: liabilities are 1% 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
$779K
+15% vs prior year
Spent
$767K
To programs
80%
Net assets
$194K
By yearFY2020–FY2025
Revenue
$779K
FY2023▲ +15%
Tap a bar for its year
Revenue by fiscal year
FY2020$447K
FY2022$679K
FY2023$779K
FY2024$865K
FY2025$1.0M
Expenses
$767K
FY2023▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$481K
FY2022$696K
FY2023$767K
FY2024$849K
FY2025$885K
Net assets
$194K
FY2023▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$120K
FY2022$182K
FY2023$194K
FY2024$209K
FY2025$356K

From the FY2023 Form 990 · 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 Sep 1998.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $614K Management & general 15% · $115K Fundraising 5% · $38K

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

5 people listed on the 990; $74K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$73,652Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$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 →

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • 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.

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1 program · $614K · in their own filed words · FY2023
01

Provided pro-bono medical care in 2023 and kept fees for treatment below industry standards. Trained international and local practitioners in tangible application of Chinese medicine through clinical internship at the alternative clinic. Treated over 1,000 individual patients in the Asheville Area.

$614Kprogram 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 2 funders$5K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$779K
Ln 12
Fees for servicesLn 2g$654K
Gifts and grantsLn 1h$117K
Other incomeLn 4–11$8K
Money outPt IX
$767K
Ln 25
Programscol B$614K
Managementcol C$115K
Fundraisingcol D$38K
Owns and owesPt X
$194K
net assets · Ln 32
Cash and savingsLn 1–2$78K
Total assetsLn 16$196K
LiabilitiesLn 26$3K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$117K
Fees for servicesLn 2g$654K
Other incomeLn 4–11$8K
Total revenueLn 12$779K
Assets in detailPt X, end of year
CashLn 1$78K
Cash and savings togetherLn 1–2$78K
Inventories for sale or useLn 8$21K
Land, buildings, equipmentLn 10c$97K
Total assetsLn 16$196K
LiabilitiesLn 26$3K
Net assetsLn 32$194K
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 FY23End FY23
Cash and savingsLn 1–2$64K$78K
Land, buildings, equipmentLn 10c$106K$97K
Total assetsLn 16$186K$196K
LiabilitiesLn 26$4K$3K
Net assetsLn 32$182K$194K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$74K$59K$11K$4K
Pay of disqualified personsLn 6$124K$99K$19K$6K
Payroll taxesLn 10$14K$11K$2K$681
Accounting feesLn 11c$9K$7K$1K$431
Other fees for servicesLn 11g$126K$101K$19K$6K
Advertising and promotionLn 12$14K$11K$2K$708
Office expensesLn 13$9K$7K$1K$427
RoyaltiesLn 15$110K$88K$17K$6K
OccupancyLn 16$138K$111K$21K$7K
TravelLn 17$42K$33K$6K$2K
InterestLn 20$202$162$30$10
Depreciation, depletion and amortizationLn 22$8K$7K$1K$422
Other expenses (24a–d)Ln 24$94K$75K$14K$5K
All other expensesLn 24e$5K$4K$821$274
Total functional expensesLn 25$767K$614K$115K$38K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Aug 18, 2026 $1.0M$885K$146K$356K 990 PDF
FY2024Filed with the IRS Jul 15, 2025 $865K$849K$15K$209K 990 PDF
FY2023 ViewingFiled with the IRS Jun 14, 2024 $779K$767K$12K$194K 990 PDF
FY2022Filed with the IRS May 15, 2023 $679K$696K−$17K$182K 990 PDF
FY2021 Not on file
FY2020Filed with the IRS Jul 29, 2021 $447K$481K−$34K$120K 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 $779,027 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $113,387$117,065
I-9 Program service revenuePrior year $511,979$653,512
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $53,949$8,450
I-12 Total revenuePrior year $679,315$779,027
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $359,596$211,380
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $336,797$556,084
I-18 Total expensesPrior year $696,393$767,464
I-19 Revenue less expensesPrior year −$17,078$11,563
Part VI · Governance 4 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $779,027 across 5 lines filed
Lines not itemized here account for −$14,478 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$117,065
VIII-1h Total contributions, gifts and grants$117,065
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $667,990$667,990
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $8,450$8,450
VIII-12 Total revenueRelated to mission $653,512 · Unrelated business $0 · Excluded from tax $8,450$779,027
Part IX · Statement of functional expenses $767,464 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $58,922 · Management $11,048 · Fundraising $3,682$73,652
IX-6 Pay of disqualified personsPrograms $99,287 · Management $18,617 · Fundraising $6,206$124,110
IX-10 Payroll taxesPrograms $10,894 · Management $2,043 · Fundraising $681$13,618
IX-11c Accounting feesPrograms $6,900 · Management $1,294 · Fundraising $431$8,625
IX-11g Other fees for servicesPrograms $100,941 · Management $18,926 · Fundraising $6,309$126,176
IX-12 Advertising and promotionPrograms $11,336 · Management $2,125 · Fundraising $708$14,169
IX-13 Office expensesPrograms $6,824 · Management $1,280 · Fundraising $427$8,531
IX-15 RoyaltiesPrograms $88,279 · Management $16,553 · Fundraising $5,518$110,350
IX-16 OccupancyPrograms $110,735 · Management $20,763 · Fundraising $6,921$138,419
IX-17 TravelPrograms $33,257 · Management $6,236 · Fundraising $2,079$41,572
IX-20 InterestPrograms $162 · Management $30 · Fundraising $10$202
IX-22 Depreciation, depletion and amortizationPrograms $6,754 · Management $1,266 · Fundraising $422$8,442
IX-24 Other expenses (24a–d)Programs $75,306 · Management $14,119 · Fundraising $4,707$94,132
IX-24e All other expensesPrograms $4,371 · Management $821 · Fundraising $274$5,466
IX-25 Total functional expensesPrograms $613,968 · Management $115,121 · Fundraising $38,375$767,464
Part X · Balance sheet $196,389 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $64,401$78,484
X-8 Inventories for sale or useStart of year $15,774$20,531
X-10c Land, buildings and equipment, netStart of year $105,817$97,374
X-16 Total assetsStart of year $185,992$196,389
X-17 Accounts payable and accrued expensesStart of year $78$435
X-25 Other liabilitiesStart of year $3,768$2,245
X-26 Total liabilitiesStart of year $3,846$2,680
X-27 Net assets without donor restrictionsStart of year $182,146$193,709
X-32 Total net assets or fund balancesStart of year $182,146$193,709
X-33 Total liabilities and net assetsStart of year $185,992$196,389
Part XI · Reconciliation of net assets $193,709 net assets at year end
XI-1 Total revenue$779,027
XI-2 Total expenses$767,464
XI-3 Revenue less expenses$11,563
XI-4 Net assets at start of year$182,146
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$193,709

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

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