Cause IQ organization profile

Farestart

Form 990s | Financials | Vendors | Personnel | Peers

Farestart is a vocational rehabilitation services nonprofit based in Seattle, WA that was founded in 1992. As of 2018 they had $19 million in revenue and $47 million in assets.

FareStart provides a community that transforms lives by empowering homeless and disadvantaged men, women, and families to achieve self-sufficiency through life skills, job training and employment in the food service industry.

EIN:
91-1546757
Location:
Seattle, WA
Type:
501(c)(3)
NTEE:
J22: Employment Training
Revenue:
$19,563,851
Assets:
$47,351,047
Employees:
423
Founded:
1992

Form 990s for Farestart

Fiscal year endingDate received by IRSFormPDF link
2017-12Dec 22, 2018990 PDF
2016-12Nov 20, 2017990 PDF
2015-12Jan 12, 2017990 PDF
2014-12Jan 12, 2016990 PDF
2013-12Oct 28, 2014990 PDF
...and three more Form 990 PDFs

Financials for Farestart

Revenues

Field2017
Federated campaigns$0
Membership dues$0
Fundraising event contributions$1,718,505
Related organizations$0
Government grants (contributions)$1,749,757
Normal grants, contributions, etc.$8,130,002
Non-cash contributions$1,597,367
Program services$8,296,277
Investment income and dividends$23,601
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-325,389
Net income from fundraising events$-62,837
Net income from gaming activities$28,330
Net income from sales of inventory$0
Miscellaneous revenues$5,605
Total revenues$19,563,851

Expenses

Field2017
Grants to govts. and orgs. in USA$0
Grants to individuals in USA$0
Grants to govts., orgs., and individuals outside USA$0
Benefits paid to or for members$0
Compensation of current officers, etc.$531,089
Compensation not included above, to disqualified persons$0
Non-officer salaries and wages$8,429,072
Pension/retirement accruals and contributions$143,637
Other employee benefits$761,642
Payroll taxes$753,234
Management fees$0
Legal fees$0
Accounting fees$24,993
Lobbying fees$0
Pro. fundraising fees$20,502
Investment mgmt fees$0
Other fee-for-service$1,077,808
Advertising and promotion$74,335
Office expenses$350,927
Information tech. expenses$0
Royalty expenses$0
Occupancy$928,681
Travel$67,531
Public official travel and entertainment$0
Conferences, meetings, etc.$0
Interest$9,624
Payments to affiliates$0
Depreciation, amortization, etc.$597,137
Insurance$90,800
All other expenses$5,262,752
Total expenses$19,123,764

Assets

Field2017
Cash (non-interest-bearing)$1,565,445
Savings, short-term investments, etc.$207,383
Pledges and grants receivable$32,676,163
Accounts receivable$1,769,236
Loans receivable from officers, directors, etc.$0
Loans receivable from other disqualified persons$0
Notes and loans receivable$0
Inventories for use$135,116
Prepaid expenses and deferred charges$354,444
Buildings, equipment, etc. post-depreciation$9,108,739
Investments, publicly traded securities$1,417,020
Investments, other securities$0
Investments, program-related$0
Intangible assets$39,044
Other assets$78,457
Total assets$47,351,047

Liabilities

Field2017
Accounts payable and accrued expenses$1,584,909
Grants payable$0
Deferred revenue$295,245
Tax-exempt bond liabilities$0
Escrow or custodial account liability$0
Loans payable to officers and disqualified persons$0
Secured mortgages and notes payable to unrelated third parties$1,001,821
Unsecured notes and loans payable to unrelated third parties$0
Other liabilities$21,653
Total liabilities$2,903,628

Net asset restrictions

Field2017
Unrestricted net assets$11,783,726
Temporarily restricted net assets$32,663,693
Permanently restricted net assets$0

Performance indicators

Field2017
Total margin2.2%
Working capital$34,827,633
Current assets$36,707,787
Current liabilities$1,880,154
Days cash on hand33 days
Acid test liquidity ratio19.26

Vendors for Farestart

VendorServicesAmount paidDate
Finney Neill and Company PSTax accounting; Audit accounting2018-10-12
███████████Temp Staffing$106,3092017-12-01
████████Point of Sale$226,9142017-12-01
████ ██████████HR Consulting$105,8402017-12-01
█████████ ███Grant WRT$20,5022017-12-01
█████ █████████Project Maintenance$495,6702017-12-01
████████It Support$364,3402017-12-01
██████Content management system software2016-07-05

Personnel at Farestart

NameTitleCompensationLast updated
Angela StowellChief Executive Officer-Dec. 17, 2018
████ ████Chief Financial Officer-Dec. 15, 2018
████████ ████████Chief Development Officer$150,474Dec. 15, 2018
█████ ███████Vice President, Programs$115,756Dec. 17, 2018
████ ██████Vice President, Social Enterprise-Dec. 17, 2018
███████ ██████Vice President Social En$125,214Dec. 31, 2016
███ ████President$0Dec. 17, 2018
█████ ███████Past President$0Dec. 15, 2018
████ ██████President$0Dec. 15, 2018
████ █████Treasurer$0Dec. 15, 2018
...and two more key personnel

Peer vocational rehabilitation services nonprofits

 NameTypeRevenueLocation
1Career Path Services501(c)(3)$15 millionSpokane, WA
2CareerSource Suncoast501(c)(3)$7.4 millionBradenton, FL
3North Valley Services (NVS)501(c)(3)$9.5 millionRed Bluff, CA
4Uaw - Labor Employment & Training Corp501(c)(3)$9.2 millionCerritos, CA
5Workforce Dev BD of the Tres Coast501(c)(3)$6.8 millionPort St Lucie, FL
6Central Florida Regional Workforce Development Board Inc501(c)(3)$28 millionOrlando, FL
7Coast Rehabilitation Services501(c)(3)$8.5 millionWarrenton, OR
8Skills Inc501(c)(3)$59 millionAuburn, WA
9Atwork501(c)(3)$5.1 millionBellevue, WA
10Op Eng & Participating EMP Pre-Appren/Apprentice & Journeyman Affirm Act Trng501(c)(3)$12 millionSeattle, WA
11The Chrysalis Center501(c)(3)$14 millionLos Angeles, CA
12CareerSource Polk501(c)(3)$8.1 millionBartow, FL
13Cw Resources501(c)(3)$75 millionNew Britain, CT
14The Building Service 32Bj Benefit Funds501(c)(3)$16 millionNew York, NY
15Morningside501(c)(3)$5.8 millionOlympia, WA
16Chinook Enterprises501(c)(3)$6.3 millionMount Vernon, WA
17Goodwill Industries of the Columbia501(c)(3)$17 millionKennewick, WA
18Exceptional Foresters Incorporated501(c)(3)$5.0 millionShelton, WA
19Goodwill Industries of the Inland Northwest501(c)(3)$32 millionSpokane, WA
20Life Works501(c)(3)$8.8 millionLongview, WA
21Easter Seals Oregon501(c)(3)$5.3 millionPortland, OR
22Goodwill Industries of New Mexico (GINM)501(c)(3)$20 millionAlbuquerque, NM
23Goodwill Industries of Western New York501(c)(3)$8.8 millionBuffalo, NY
24Twin Cities Rise (TCR)501(c)(3)$5.6 millionMinneapolis, MN
25GW Commercial Services Inc501(c)(3)$5.8 millionIndianapolis, IN

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