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Nonprofit · EIN 85-0325587

AYURVEDIC INSTITUTE

Tax-exempt · ASHEVILLE, NC 28801

Financials

$3M$2.5M2022$1.7M$2.1M2023$2.3M$2.1M2024
Revenue Expenses · by fiscal year end
Financials of AYURVEDIC INSTITUTE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$2,272,316$2,057,487$214,829$6,051,798$2,029,464$4,022,334
June 30, 2024990$1,725,020$2,056,277-$331,257$6,053,296$2,245,791$3,807,505
June 30, 2023990$3,038,895$2,542,765$496,130$6,240,684$2,101,922$4,138,762
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$52,573
Program service revenue
$1,671,569
Investment income
$132,031
Royalties
$19,736
Net rental income
$1,197
Net income from sales of inventory
$395,210
Other revenue
$416,143

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$275,000
Other salaries and wages
$529,996
Salaries, compensation and benefits (total)
$834,675
Professional fundraising fees
$0
Legal fees
$5,274
Accounting fees
$344
Occupancy
$251,652
Travel
$6,998
Depreciation
$4,810
Program services (functional)
$1,427,299
Management and general (functional)
$630,188

Balance sheet and other

Total assets, start of year
$6,053,296
Total assets, end of year
$6,051,798
Total liabilities, end of year
$2,029,464
Net assets, end of year
$4,022,334
Land, buildings and equipment
$1,375,281
Net assets without donor restrictions
$4,022,334
Gross receipts
$2,567,852
Employees
20
Volunteers
7
Year formed
1984
State of legal domicile
NM

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
VASANT LADPRESIDENT/CHAIRMAN
Trustee or director, Officer
40$275,000
SHARON SCALTRITOSECRETARY
Trustee or director, Officer
0.5$0
MICHAEL STONETREASURER
Trustee or director, Officer
0.5$0
HARISH RAICHADADIRECTOR
Trustee or director
10$0
990 for the year ended June 30, 2024: 4 people
NameTitleHours / weekCompensation
VASANT LADPRESIDENT/CHAIRMAN
Trustee or director, Officer
40$275,000
SHARON SCALTRITOSECRETARY
Trustee or director, Officer
0.5$0
MICHAEL STONETREASURER
Trustee or director, Officer
0.5$0
HARISH RAICHADADIRECTOR
Trustee or director
10$0
990 for the year ended June 30, 2023: 4 people
NameTitleHours / weekCompensation
VASANT LADPRESIDENT/CHAIRMAN
Trustee or director, Officer
40$275,000
SHARON SCALTRITOSECRETARY
Trustee or director, Officer
0.5$0
MICHAEL STONETREASURER
Trustee or director, Officer
0.5$0
HARISH RAICHADADIRECTOR
Trustee or director
0.5$0

Address and contacts

Address (IRS master file)
62 ORANGE ST, ASHEVILLE, NC 28801-2341
Principal officer (990 for 2024)
VASANT LAD, 62 ORANGE STREET, ASHEVILLE, NC 28801
Signed the 990
VASANT LAD, PRESIDENT
Phone
(972) 333-9907
Return prepared by
CRI ADVISORS LLC

Mission

THE AYURVEDIC INSTITUTE WAS ESTABLISHED TO TEACH AND TRAIN PEOPLE IN TRADITIONAL MEDICINE AND THE HEALING ARTS.

990 for the year ended June 30, 2025

Program accomplishments

  • AYURVEDIC STUDIES PROGRAM (EDUCATION): TEACH TRADITIONAL HEALING MEDICINE IN A TRADITIONAL MANNER. THERE ARE THREE CERTIFICATION LEVELS: CONSULTANT, PRACTIONER, AND DOCTOR. STUDENTS ARE ABLE TO OPEN THEIR OWN PRACTICES UPON COMPLETION OF THE VARIOUS LEVELS AND PRACTICE AYURVEDA ACCORDING TO THEIR CERTIFICATION. PROGRAMS WERE OFFERED TO APPROXIMATELY 1,000 PEOPLE. IN ADDITION, THE ORGANIZATION PROVIDED MEALS TO 6,000 HURRICANE VICTIMS.
    Expenses $892,299 · revenue $1,668,776
  • SALES OF EDUCATIONAL MATERIALS (STUDENT SHOP): PROVIDE AYURVEDIC PRODUCTS FROM BOOKS TO HERBS, CUSTOM FORMULAS AND DRY GOODS TO OUR STUDENTS AND GENERAL PUBLIC LEARNING ABOUT AND INTEGRATING AYURVEDA INTO THEIR LIVES.
    Expenses $435,000 · revenue $395,210
  • THE AYURVEDIC PRESS (PUBLISHING DEPARTMENT): PUBLICATION FOR THE EDUCATION OF THE TRADITIONAL HEALING ART OF AYURVEDA.
    Expenses $100,000 · revenue $2,793

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
85-0325587
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1986
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$6,051,798
Income (IRS master file)
$2,567,852

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$2,272,316$2,057,487$6,051,798IRS
990June 2024$1,725,020$2,056,277$6,053,296IRS
990June 2023$3,038,895$2,542,765$6,240,684XML
990June 2022$3,156,563$3,236,889$5,925,678IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-0325587).

Questions about AYURVEDIC INSTITUTE

What is the EIN of AYURVEDIC INSTITUTE?
The employer identification number (EIN) of AYURVEDIC INSTITUTE is 85-0325587.
Is AYURVEDIC INSTITUTE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
Are donations to AYURVEDIC INSTITUTE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does AYURVEDIC INSTITUTE file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of AYURVEDIC INSTITUTE due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did AYURVEDIC INSTITUTE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of AYURVEDIC INSTITUTE?
The 990 for the year ended June 30, 2025 names VASANT LAD.
Who are the officers and directors of AYURVEDIC INSTITUTE?
The 990 for the year ended June 30, 2025 lists 4 people; 1 received compensation from the organization, the highest $275,000 (VASANT LAD, PRESIDENT/CHAIRMAN).
How much revenue does AYURVEDIC INSTITUTE have?
On its 990 for the year ended June 30, 2025 it reported revenue of $2,272,316, expenses of $2,057,487 and total assets of $6,051,798 at year end.

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