Bounty & Soul

Nonprofit profile at a glance

EIN
464759362
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
Black Mountain, NC, USA
Phone
8284190533
Rating
86
Verdict
STRONG
Rating confidence
Standard
Sector
Food, Agriculture, and Nutrition N.E.C.

Reported finances

Revenue
$7,489,062
Expenses
$5,289,821
Assets
$4,134,588
Liabilities
$498,548

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • Ali Casparian (Founder/Executive Director)

Highest reported compensation

  • Ali Casparian (Founder/Executive Director): $139,409 total reported compensation
  • Paula Sellers MSW (Associate Director): $124,252 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Together we connect, share, and celebrate nutritious food, education and community.

What it reported doing in 2024

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. We conducted 110 live cooking demonstrations and shared over 30,000 samples at the community markets. Over 50,000 printed recipes and education materials were also shared at our markets, including 5,310 kids activities. In addition, 32 dietitian counseling sessions were administered. In the months that followed Hurricane Helene, we focused our efforts on delivering trauma, stress and emergency response support programming. Rooted in Health Kids - AKA Green Aprons: This innovative program for youth builds healthy nutrition habits, self-esteem, self-efficacy, and offers fun social connections with other children and families. In 2024 we distributed fresh produce and other healthy foods to 4,872 children and their families each month. We conducted 5,310 kids activities at our markets focused on healthy eating, cooking, mindfulness, physical activity, and creativity. Bounty & Soul Latino: This program includes Spanish language health & wellbeing education, community resources and culturally aligned recipes, cooking demos, and food markets. We also offer Spanish language nutrition education; thrice weekly Zumba classes; as well as educational opportunities and outreach events such as English as a Second Language instruction, vaccination clinics, emergency preparedness, tax preparation, and legal counsel. In 2024, We provided 341 health & wellness classes and cultural events and distributed culturally relevant foods to over 24,400 Latinx participants. The Latino Community Center in Swannanoa became a safe, centralized hub in the aftermath of Hurricane Helene, connecting the Latino community with vital resources, food, and disaster response information and support. Healthy Opportunities Pilot: The Healthy Opportunities Pilot (HOP) is a Medicaid pilot program developed by theNorth Caroline Dept of Health and Human Services(NCDHHS) with a goal to ultimately improve health and save millions on treatment of clinical illnesses or conditions by investing in evidence-based interventions before health becomes a problem. Working alongside Impact Health, the entity that manages this pilot, Bounty & Soul participates as a human services organization (HSO) in the food security domain. Bounty & Soul provides healthy food boxes to qualifying Medicaid members and receives Medicaid reimbursement from the private health plans for this service. In 2024, we delivered 8,237 healthy food boxes, serving 25,256 individuals in 313 households. Along with the food, we provided recipes and health tips for our clients.

Operating model

Revenue model
Donor-supported. 81% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 71% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 100
  • Accountability: 91
  • Sustainability: 61
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 64.6%; rating input score 65
  • Program expense ratio: 91.2%; rating input score 91
  • Fundraising efficiency: $39.97 raised per $1 spent on fundraising; rating input score 75; 75th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 29.4%; rating input score 84; 84th percentile among comparable filings
  • Total-asset coverage ratio: 0.78; rating input score 29; 29th percentile among comparable filings
  • Liabilities to assets ratio: 0.12; rating input score 55; 55th percentile among comparable filings
  • Officer compensation ratio: 5%; rating input score 54; 54th percentile among comparable filings

Growth

  • Program expense growth: 18.3% per year; rating input score 100; 83rd percentile among comparable filings
  • Revenue growth: 23.4% per year; rating input score 100; 91st percentile among comparable filings
  • Asset growth: 43.2% per year; rating input score 100; 97th percentile among comparable filings

Details

  • Where the money goes: 64.6% of revenue deployed · 91.2% of spending went to programs
  • Governance: 9 of 9 board members independent · 7 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $4.8M in reported program spending
  • Leadership: top reported pay $139K · 11 people listed
  • Consistency: 36 of 36 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 5 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 29/100.
  • Review — Sustainability: Officer compensation ratio scored 54/100.
  • Review — Sustainability: Liabilities to assets ratio scored 55/100.