Bounty & Soul EIN 46-4759362 Form 990 (PDF) Claim this org

Bounty & Soul

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Connects people through nutritious food, education, and community celebrations. For fiscal year 2024 it reported $7.5M in revenue, $5.3M in expenses, and $3.6M in net assets.Pt I

Founded
2014
Type
Public charity (501(c)(3)) · Food & Agriculture
Location
Black Mtn, NC
Website
bountyandsoul.org
Filings
5 on file (2020–2024)
Revenue
$7.5MFY2024
Expenses
$5.3M
Net assets
$3.6M
People
11
Filings
5
Updates
0
More identity details & actions ⌄
EIN  46-4759362 Public charity (501(c)(3)) Black Mtn, NC Founded 2014
Form 990 (PDF)
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Figures match the IRS filing checked 8/16/26 · see original: IRS
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Size
$1–10M
What they do
Connects people through nutritious food, education, and community celebrations.
Leadership
Ali Casparian · Founder/Executive Director · $135K
Money in and out
$7.5M revenue, $5.3M expenses
Bottom line
91% program efficiency
Where the money goes · FY2024
Total revenue
$7.5M
Pt VIII · Ln 12
Total expenses
$5.3M
Pt IX · Ln 25
Net assets
$3.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2.2M
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.06 Fundraising $0.03
Program efficiency
91%
of spending reaches programs▼ -3% vs prior filing year
Operating runway
10.8mo
months of highly liquid reserves at operating expense rate▲ +19% vs prior filing year
Surplus margin
+29%
revenue over expenses, this year▲ +183% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$7.5M
FY2024▲ +72%
Expenses
$5.3M
FY2024▲ +36%
Total assets
$4.1M
FY2024▲ +159%
Total liabilities
$499K
FY2024▲ +214%
Total revenue
$7.5M
Pt VIII · Ln 12
Total expenses
$5.3M
Pt IX · Ln 25
Net assets
$3.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2.2M
Total assetsPt X · Ln 16$4.1M
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

3 program services account for $4.8M of program spending, described in the organization's own filed words · FY2024.
01

Produce to the People

In 2024, 1,604,616 pounds of fresh produce and nutritious food was distributed to approximately 158,970 participants through 7 weekly community markets, and our food box delivery service. We experienced a 167% increase in participation in our services, as a result of the impacts of Hurricane Helene and pre-existing socio-economic factors…

$4.8Mprogram expense
02

Rooted in Health

This evidence-based, whole person health education program for adults and children includes weekly classes, cooking demos, recipes, nutrition information, resources, and nutrition counseling. We delivered 302 yoga, exercise, and health & wellness classes, as well as organized 60 after-school sports and education events.

Pt IX · col B
03

Farmers Alliance

2024 proved to be another pivotal year for this program as we continued to focus on strengthening the local food system by supporting local farmers, growers, community gardens and businesses.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBounty & Soul
EINHdr · item D46-4759362
Principal addressHdr · item CBlack Mtn, NC
WebsiteHdr · item Jbountyandsoul.org
Year of formationHdr · item L2014
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFood & Agriculture (K99)
Ruling yearIRS BMFAug 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Founder/Executive Director
$135,058Pt VII · Sec A
Associate Director
$124,252Pt VII · Sec A
$0Pt VII · Sec A
Treasurer (jan-May)
$0Pt VII · Sec A
Treasurer (jun-Dec)
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Ali Casparian’s $135K as Founder/Executive Director is at the 77th percentile of top reported officer pay among 819 $1–10M food & agriculture 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Ali Casparian$135,058$100,703$83,480$70,000$52,058
Paula Sellers Msw$124,252$108,695
Paula Sellers$100,200

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.

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Statement of Revenue

Part VIII
Contributions & grants$6.3M · 84%
Program service revenue$1.1M · 15%
Investment income$42K · 1%
Contributions & grants84%$6.3M
Program service revenue15%$1.1M
Investment income1%$42K
Other revenue$3K
— government grantsLn 1e$280K
Total revenueLn 12$7.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.06 Fundraising $0.03
Program services91%$4.8M
Management & general6%$307K
Fundraising3%$158K
Total functional expensesLn 25$5.3M

Balance Sheet

Part X · end of year
CashLn 1$2.2M
Total assetsLn 16$4.1M
Total liabilitiesLn 26$499K
Total net assetsLn 32$3.6M
Months of cash on handcomputed5.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.2M · Operating expenses (Pt IX) $5.3M · Less non-cash grants $2.8M · Cash operating expenses/yr $2.5M
10.8 months
Where the money goes
Program services
Program services $4.8M · Total expenses $5.3M
91%
Management & General
Management & general $307K · Total expenses $5.3M
6%
Fundraising
Fundraising $158K · Total expenses $5.3M
3%
Cost to raise $1
Fundraising expense (3-yr avg) $145K · Solicited contributions (3-yr avg) $4.1M
$0.04 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $6.3M · Total revenue $7.5M
84%
Government reliance
Government grants $280K · Total revenue $7.5M
4%
Earned-income share
Program service revenue $1.1M · Total revenue $7.5M
15%
Investment reliance
Investment income $42K · Total revenue $7.5M
+0.6%
Program self-sufficiency
Program service revenue $1.1M · Total expenses $5.3M
21%
Growth & trend
Revenue growth (YoY)
This year $7.5M · Prior year $4.3M
+72%
Revenue CAGR
FY2020 $2.9M · FY2024 $7.5M
+27%
Net-asset trend (YoY)
End of year $3.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $7.5M · Expenses $5.3M
+29%
Liabilities-to-Assets
Total liabilities — · Total assets $4.1M
Net-asset ratio
Net assets $3.6M · Total assets $4.1M
88%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $4.1M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Ali Casparian · Reported title Founder/Executive Director · Highest reported compensation $135K · Total expenses $5.3M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.1M · Total expenses $5.3M
22%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 91%
Overhead ratio 6%
Fundraising cost ratio 3%
Revenue growth 72%
Accounting fee ratio 0.2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$26K
Grants paid · 1 grant · $59K · 2024–2024
Unitemized GrantFY2024$58,794

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$7.5M revenue · viewing · ⤓ 990 PDF
FY2023$4.3M revenue · ⤓ 990 PDF
FY2022$3.2M revenue · ⤓ 990 PDF
FY2021$2.5M revenue · ⤓ 990 PDF
FY2020$2.9M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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