Nonprofit · EIN 56-1337121
BUNCOMBE ALTERNATIVES INCORPORATED
Tax-exempt · ASHEVILLE, NC 28814
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $335,016 | $324,451 | $10,565 | $98,192 | $25,344 | $72,848 |
| June 30, 2024 | 990 | $386,200 | $355,704 | $30,496 | $64,995 | $2,712 | $62,283 |
| June 30, 2023 | 990 | $391,425 | $403,359 | -$11,934 | $54,657 | $22,870 | $31,787 |
| June 30, 2022 | 990 | $400,129 | $395,973 | $4,156 | $58,725 | $15,004 | $43,721 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $334,922
- of which government grants
- $324,422
- Program service revenue
- $0
- Investment income
- $94
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $76,874
- Other salaries and wages
- $105,596
- Salaries, compensation and benefits (total)
- $240,340
- Professional fundraising fees
- $0
- Accounting fees
- $12,660
- Occupancy
- $16,068
- Depreciation
- $4,400
- Program services (functional)
- $289,361
- Management and general (functional)
- $35,090
Balance sheet and other
- Total assets, start of year
- $64,995
- Total assets, end of year
- $98,192
- Total liabilities, end of year
- $25,344
- Net assets, end of year
- $72,848
- Land, buildings and equipment
- $39,601
- Net assets without donor restrictions
- $72,848
- Gross receipts
- $335,016
- Employees
- 5
- Volunteers
- 60
- Year formed
- 1984
- State of legal domicile
- NC
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Karen Peerson | Executive Dir. Officer | 40 | $76,874 |
| Kyle Hovermale | Vice President Trustee or director, Officer | 1.5 | $0 |
| Michael Macht | Treasurer Trustee or director, Officer | 1.5 | $0 |
| Chris Jennings | Chairman Trustee or director, Officer | 1.5 | $0 |
| Carol Goins | Chairman Trustee or director | 1.5 | $0 |
| Johanna Finkelstein | Chairman Trustee or director | 1.5 | $0 |
| Shannon Doyne | Secretary Trustee or director, Officer | 1.5 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Karen Peerson | Executive Dir. Officer | 40 | $99,951 |
| Kyle Hovermale | Vice President Trustee or director, Officer | 1.5 | $0 |
| Michael Macht | Treasurer Trustee or director, Officer | 1.5 | $0 |
| Chris Jennings | Chairman Trustee or director, Officer | 1.5 | $0 |
| Carol Goins | Chairman Trustee or director | 1.5 | $0 |
| Johanna Finkelstein | Chairman Trustee or director | 1.5 | $0 |
| Shannon Doyne | Secretary Trustee or director, Officer | 1.5 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Karen Peerson | Executive Dir. Officer | 40 | $65,975 |
| Kyle Hovermale | Vice President Trustee or director, Officer | 1.5 | $0 |
| Michael Macht | Chairman Trustee or director, Officer | 1.5 | $0 |
| Chris Jennings | President Trustee or director, Officer | 1.5 | $0 |
| Carol Goins | Chairman Trustee or director, Officer | 1.5 | $0 |
990 for the year ended June 30, 2022: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Karen Peerson | Executive Dir. Officer | 40 | $56,900 |
| Kyle Hovermale | President Trustee or director, Officer | 1.5 | $0 |
| Michael Macht | Chairman Trustee or director, Officer | 1.5 | $0 |
| Chris Jennings | Vice President Trustee or director, Officer | 1.5 | $0 |
| Carol Goins | Chairman Trustee or director, Officer | 1.5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 8069, ASHEVILLE, NC 28814-8069
- Principal officer (990 for 2024)
- Karen Peerson, PO Box 8069, Asheville, NC 28814
- Signed the 990
- Kyle Hovemal, Chairman
- Phone
- (828) 776-0173
- Website
- buncombealternatives.org
- Return prepared by
- Ellen Haynes Bookkeeping LLC
Mission
Community-based corrections for juveniles
Program accomplishments
- Buncombe Alternatives continues to encourage and promote community based sentencing by carrying out the following programs : 1 Buncombe County and Rutherford County Teen Court 2. Earn & Learn Restitution / Restorative Community Service Program. These programs provide intervention initiatives that are both community. service oriented and community based.Expenses $289,361
- Buncombe County Teen Court: Teen court is an innovative diversion program which alllows first-time juvenile violators of the law to come before a jury of their peers in a court hearing instead of going to Juvenile Court. The defendant must admit guilt during the intake interview in order to participate. Teen court stresses the importance of positive peer pressure through restorative justice to help correct illegal behavior. Teen Court reinforces positive behavior while encourgaging accountability. Teen Court also teaches youth volunteers the Jury the responsibility of citizenship or how to act for the common good. During FY 2024-2025, Buncombe Alternatives served 150 school-based teens.
- Earn & Learn Restitution/Restorative Community Service Program: This program is for diverted youth and youth on probation. Its premise is that restitution/restorative programming is effective when a juvenile accepts responsilbility for his or her offenses and is committed to the principle of making amends to the victim and the community. Goals are to increase restitution payments made to victime of juvenile crimes, teach offenders accountability and responsibility for their crimes and provide structure and monitoring for their payment of restitution, reduce the workload of the court counselors, support victims, and provide offenders with employable skills and resources.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-1337121
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1984
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $98,192
- Income (IRS master file)
- $335,016
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $335,016 | $324,451 | $98,192 | XML |
| 990 | June 2024 | $386,200 | $355,704 | $64,995 | XML |
| 990 | June 2023 | $391,425 | $403,359 | $54,657 | XML |
| 990 | June 2022 | $400,129 | $395,973 | $58,725 | XML |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 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 56-1337121).
Questions about BUNCOMBE ALTERNATIVES INCORPORATED
- What is the EIN of BUNCOMBE ALTERNATIVES INCORPORATED?
- The employer identification number (EIN) of BUNCOMBE ALTERNATIVES INCORPORATED is 56-1337121.
- Is BUNCOMBE ALTERNATIVES INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to BUNCOMBE ALTERNATIVES INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BUNCOMBE ALTERNATIVES INCORPORATED 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 BUNCOMBE ALTERNATIVES INCORPORATED 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 BUNCOMBE ALTERNATIVES INCORPORATED 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 BUNCOMBE ALTERNATIVES INCORPORATED?
- The 990 for the year ended June 30, 2025 names Karen Peerson.
- Who are the officers and directors of BUNCOMBE ALTERNATIVES INCORPORATED?
- The 990 for the year ended June 30, 2025 lists 7 people; 1 received compensation from the organization, the highest $76,874 (Karen Peerson, Executive Dir.).
- How much revenue does BUNCOMBE ALTERNATIVES INCORPORATED have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $335,016, expenses of $324,451 and total assets of $98,192 at year end.
Other nonprofits in ASHEVILLE
- GROUP HEALTH PROGRAM OF THE NATNL TELECOMMUNICATIONS COOP ASSOC EIN 52-1043923 · last filed 990 for 2024
- DOGWOOD HEALTH TRUST EIN 83-0590696 · last filed 990-PF for 2024
- MOUNTAIN AREA HEALTH EDUCATION CENTER INC EIN 56-1071426 · last filed 990 for 2025
- GIVENS ESTATES INC EIN 51-0199312 · last filed 990 for 2024
- THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA INC EIN 56-1223384 · last filed 990 for 2025
- DEERFIELD EPISCOPAL RETIREMENT COMM INC EIN 56-0614176 · last filed 990 for 2025
- APPALACHIAN MOUNTAIN COMMUNITY HE EIN 46-3984362 · last filed 990 for 2025
- WESTERN NORTH CAROLINA COMMUNITY HEALTH SERVICES INC EIN 56-1852922 · last filed 990 for 2025