Civic Intelligence

Association for Traditional Studies

990 • Fiscal year 2014 • EIN 84-1436728

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 13, 2015

46 Sunrise DriveAsheville, NC 28806

(828) 398-0667

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

85th percentile

0.00x

Higher debt load relative to assets than 85% of similar nonprofits.

2014 filings • NTEE T • <$500k nonprofits • Source year 2014

Liabilities / Revenue

83rd percentile

0.00x

Higher debt load relative to revenue than 83% of similar nonprofits.

2014 filings • NTEE T • <$500k nonprofits • Source year 2014

Net Margin

64th percentile

20%

Higher net margin than 64% of similar nonprofits.

2014 filings • NTEE T • <$500k nonprofits • Source year 2014

Top Officer Pay

99th percentile

$75,000

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 35.2% of source-year revenue.

2014 filings • NTEE T • <$500k nonprofits • Source year 2014

Asset Growth

30th percentile

-8.5%

Faster asset growth than 30% of similar nonprofits.

2014 filings • NTEE T • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

65th percentile

23%

Faster revenue growth than 65% of similar nonprofits.

2014 filings • NTEE T • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$73,662

Down $6,847 (-8.5%) from 2013

Net Assets

Down

$73,555

Down $6,832 (-8.5%) from 2013

Liabilities

Down

$107

Down $15 (-12%) from 2013

Revenue

Up

$213,027

Up $39,284 (+23%) from 2013

Expenses

Up

$171,279

Up $26,861 (+19%) from 2013

Net Income

Up

$41,748

Up $12,423 (+42%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2011: $80,829Net Assets 2011: $80,8292011Assets 2012: $86,723Liabilities 2012: $927Net Assets 2012: $85,7962012Assets 2013: $80,509Liabilities 2013: $122Net Assets 2013: $80,3872013Assets 2014: $73,662Liabilities 2014: $107Net Assets 2014: $73,5552014Assets 2015: $71,581Liabilities 2015: $5,443Net Assets 2015: $66,1382015Assets 2016: $57,644Liabilities 2016: $10,567Net Assets 2016: $47,0772016Assets 2017: $64,559Liabilities 2017: $22,986Net Assets 2017: $41,5732017Assets 2018: $103,848Liabilities 2018: $4,070Net Assets 2018: $99,7782018Assets 2019: $165,079Liabilities 2019: $11,578Net Assets 2019: $153,5012019Assets 2020: $194,936Liabilities 2020: $75,213Net Assets 2020: $119,7232020Assets 2022: $185,992Liabilities 2022: $3,846Net Assets 2022: $182,1462022Assets 2023: $196,389Liabilities 2023: $2,680Net Assets 2023: $193,7092023Assets 2024: $209,179Liabilities 2024: $0Net Assets 2024: $209,1792024

Highlighted filing

2014

Assets$73,662
Liabilities$107
Net Assets$73,555

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $73,554Expenses 2011: $99,078Net Income 2011: -$25,5242011Revenue 2012: $128,945Expenses 2012: $123,978Net Income 2012: $4,9672012Revenue 2013: $173,743Expenses 2013: $144,418Net Income 2013: $29,3252013Revenue 2014: $213,027Expenses 2014: $171,279Net Income 2014: $41,7482014Revenue 2015: $286,767Expenses 2015: $293,359Net Income 2015: -$6,5922015Revenue 2016: $437,239Expenses 2016: $456,300Net Income 2016: -$19,0612016Revenue 2017: $546,653Expenses 2017: $551,996Net Income 2017: -$5,3432017Revenue 2018: $506,613Expenses 2018: $448,408Net Income 2018: $58,2052018Revenue 2019: $582,120Expenses 2019: $528,397Net Income 2019: $53,7232019Revenue 2020: $447,146Expenses 2020: $480,923Net Income 2020: -$33,7772020Revenue 2022: $679,315Expenses 2022: $696,393Net Income 2022: -$17,0782022Revenue 2023: $779,027Expenses 2023: $767,464Net Income 2023: $11,5632023Revenue 2024: $864,611Expenses 2024: $849,138Net Income 2024: $15,4732024

Highlighted filing

2014

Revenue$213,027
Expenses$171,279
Net Income$41,748
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 13, 2015
Return Version
2014v5.0
Gross Receipts
$220,150
Mission and Program Overview

Mission

The Association for Traditional Studies is an education focused public charity, providing training programs for professionals in

An education focused public charity, providing seminars, videos, and books in the fields of Chinese medicine, martial arts, self development and classical philosophy, as well as protecting the intellectual property rights and ensuring the payment of royalties to the practioners it documents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$57,520$52,243▼ $5,277
Savings and Temporary Cash Investments$10,002$8,428▼ $1,574
Inventories for Sale or Use$5,731$5,630▼ $101
Land, Buildings, and Equipment, Net$5,292$5,588▲ $296
Accounts Receivable$1,964$1,773▼ $191
Total Assets$80,509$73,662▼ $6,847
Liabilities
Accounts Payable and Accrued Expenses$122$107▼ $15
Total Liabilities$122$107▼ $15
Net Assets / Fund Balance
Unrestricted Net Assets$80,387$73,555▼ $6,832
Total Net Assets Fund Balance$80,387$73,555▼ $6,832
Total Liabilities and Net Assets / Fund Balance$80,509$73,662▼ $6,847

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,588$1,998$7,586
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Andrew Nugent-headExecutive DirectorFT$75,000$75,000

Board Members and Trustees

NameTitle
Steven BadgerChair
Peter AlexanderBoard Member
Josh KirschenbaumSecretary
Marie Nugent-headTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$72,101
Program Service Revenue
$130,168
Investment Income
$0
Other Revenue
$10,758
All Other Contributions
$65,861
Change in Net Assets
$41,748
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$90,541
Salaries, Compensation, and Employee Benefits$80,738
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$60,000$15,000$0$75,000
Travel$21,968$5,492$0$27,460
Office Expenses$11,000$3,080$0$14,080
Occupancy$10,171$2,543$0$12,714
Payroll Taxes$4,590$1,148$0$5,738
Depreciation Depletion$1,214$303$0$1,517
Other Expenses$1,108$277$0$1,385
Fees for Services Accounting$0$900$0$900
All Other Expenses$506$126$0$632
Advertising$498$125$0$623
Total Functional Expenses$137,059$34,220$0$171,279
International Activity

International Summary

Offices
0
Employees
0
Spending
$11,948

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and PacificProgram ServicesDocumentation Project00$11,948
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Association for Traditional Studies
EIN
84-1436728
Phone
8283980667
Address
46 Sunrise Drive, Asheville, NC 28806

Signing Officer

Name
Andrew Nugent-head
Title
Executive Director
Phone
8283980667
Signed
2015-08-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrew Nugent-head
Formed
1998
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
4
Employees
1
Volunteers
0

Preparer

Firm
Corliss & Solomon Pllc
Address
242 CHARLOTTE ST STE 1, ASHEVILLE, NC 28801-1434
Preparer
Stephen C Corliss
Phone
8282360206
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

Yes, two Board members are mother and son.

Pt VI, Line 11B

The 990 is prepared by independent accountants, reviewed by management, presented to the board for review, proposed revisions and final approval.

Pt VI, Line 12C

Enforced as necessary. Any Board Member with a conflict of interest on any specific issue informs the Board and abstains from voting on the issue.

Pt VI, Line 15A

In the annual budgeting process, the Board approves a salary for the Executive Director.

Pt VI, Line 18

Forms 1023 and the Form 990 are available upon request.

Pt VI, Line 19

Governing documents and reviewed financial statements are available upon request.

Pt III, Line 3

ATS closed the office that was handling the China documentation project and shipped materials back to the United States office.

Form 990EZ, Part I, Line 16

Royalties advertising/marketing lectures & teaching office expenses travel and meetings supplies telephone, telecommunications miscellaneous

Form 990EZ, Part II, Line 24

Equipment, net 5292. Accounts receivable 1964. Inventory 5731.

Form 990EZ, Part II, Line 26

Payroll taxes 0. Sales tax payable 122.

Form 990, Part IX, Line 24F

Other expenses 632. 506. 126. 0.

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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0380
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0380
IRS990ScheduleA/InvestmentIncomeCYPct00.00050
IRS990ScheduleA/InvestmentIncomePYPct00.00090
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.91740
IRS990ScheduleA/PublicSupportPY509Pct00.94580
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt0670907
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt030000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt030000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt060000
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0220150
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0185516
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0128945
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt073175
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0123121
IRS990ScheduleA/Total509Grp/TotalAmt0730907
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0731287
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt05588
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01998
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07586
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05588
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt011948
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0East Asia and Pacific
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Documentation Project
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Program Services
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0false
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt011948
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0ATS's expenditures were for its documentation project expenses. There were no grants paid.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 2
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt011948
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Yes, two Board members are mother and son.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS PREPARED BY INDEPENDENT ACCOUNTANTS, REVIEWED BY MANAGEMENT, PRESENTED TO THE BOARD FOR REVIEW, PROPOSED REVISIONS AND FINAL APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Enforced as necessary. Any Board Member with a conflict of interest on any specific issue informs the Board and abstains from voting on the issue.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3In the annual budgeting process, the Board approves a salary for the Executive Director.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Forms 1023 and the Form 990 are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Governing documents and reviewed financial statements are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ATS closed the office that was handling the China documentation project and shipped materials back to the United States office.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ROYALTIES ADVERTISING/MARKETING LECTURES & TEACHING OFFICE EXPENSES TRAVEL AND MEETINGS SUPPLIES TELEPHONE, TELECOMMUNICATIONS MISCELLANEOUS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8EQUIPMENT, NET 5292. ACCOUNTS RECEIVABLE 1964. INVENTORY 5731.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9PAYROLL TAXES 0. SALES TAX PAYABLE 122.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10OTHER EXPENSES 632. 506. 126. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt III, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24f
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0true
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt080509
IRS990/TotalAssetsEOYAmt073662
IRS990/TotalAssetsGrp/BOYAmt080509
IRS990/TotalAssetsGrp/EOYAmt073662
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt072101
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt034220
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0137059
IRS990/TotalFunctionalExpensesGrp/TotalAmt0171279
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0122
IRS990/TotalLiabilitiesEOYAmt0107
IRS990/TotalLiabilitiesGrp/BOYAmt0122
IRS990/TotalLiabilitiesGrp/EOYAmt0107
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt080387
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt073555
IRS990/TotalProgramServiceExpensesAmt0137059
IRS990/TotalProgramServiceRevenueAmt0130168
IRS990/TotalReportableCompFromOrgAmt075000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0140926
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0213027
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt080509
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt073662
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt05492
IRS990/TravelGrp/ProgramServicesAmt021968
IRS990/TravelGrp/TotalAmt027460
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt080387
IRS990/UnrestrictedNetAssetsGrp/EOYAmt073555
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt046 Sunrise Drive
IRS990/USAddress/CityNm0Asheville
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028806
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0www.traditionalstudies.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ANDREW NUGENT-HEAD

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.09$0.00$2.09$8.65$8.49$0.15
2023Summary only. Only limited summary data is available for this year.$1.96$0.03$1.94$7.79$7.67$0.12
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.86$0.04$1.82$6.79$6.96$0.17
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.95$0.75$1.20$4.47$4.81$0.34
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.65$0.12$1.54$5.82$5.28$0.54
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.04$0.04$1.00$5.07$4.48$0.58
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.65$0.23$0.42$5.47$5.52$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.58$0.11$0.47$4.37$4.56$0.19
2015Detailed filing. Detailed filing data is available for this year.$0.72$0.05$0.66$2.87$2.93$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.74$0.00$0.74$2.13$1.71$0.42
2013Detailed filing. Detailed filing data is available for this year.$0.81$0.00$0.80$1.74$1.44$0.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.87$0.01$0.86$1.29$1.24$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.81$0.74$0.99$0.26