2018-10-15T07:43:00-07:00 2017-12-31 911566381 FINNEY NEILL & COMPANY PS 9757 GREENWOOD AVE N SEATTLE WA 98103 990 2017-01-01 911546757 FARESTART FARE 2064431233 700 VIRGINIA STREET SEATTLE WA 98101 RYAN DEAN CFO 2064431233 2018-10-12 true JOSHUA J BREILING CPA P01286663 2062989811 2018-10-12 50.197.64.9 2018-10-15 09:43:00 CD P 86808191B503262C3C8BF94E20E703DF8F324194 86808191B503262C3C8BF94E20E703DF8F324194 2017 2018-06-14 16:35:46Z CRAIG RUSSELL 700 VIRGINIA STREET SEATTLE WA 98101 20676086 false X WWW.FARESTART.ORG X 1992 WA FARESTART PROVIDES A COMMUNITY THAT TRANSFORMS LIVES BY EMPOWERING PEOPLE WITH BARRIERS TO EMPLOYMENT TO ACHIEVE SELF-SUFFICIENCY THROUGH LIFE SKILLS, JOB TRAINING AND EMPLOYMENT IN THE FOOD SERVICE INDUSTRY. 20 20 423 2926 0 6502770 11598264 6258430 8296277 27241 -301788 -137461 -28902 12650980 19563851 0 0 7301245 10618674 9026 20502 1553091 6527442 8484588 13837713 19123764 -1186733 440087 14397248 47351047 1207162 2903628 13190086 44447419 X FARESTART PROVIDES A COMMUNITY THAT TRANSFORMS LIVES BY EMPOWERING PEOPLE WITH BARRIERS TO EMPLOYMENT TO ACHIEVE SELF-SUFFICIENCY THROUGH LIFE SKILLS, JOB TRAINING AND EMPLOYMENT IN THE FOOD SERVICE INDUSTRY. true false 15006629 8296277 FARESTART IS PROUD TO REPORT OUTSTANDING 2017 OUTCOMES, SERVING 1,006 INDIVIDUALS ACROSS ALL PROGRAMS. THE ADULT CULINARY PROGRAM GRADUATED 141 STUDENTS, WITH 90% PLACED IN JOBS WITHIN 90 DAYS OF GRADUATING AND 85% RETAINING THEIR EMPLOYMENT AFTER 6 MONTHS. THE YOUTH BARISTA PROGRAM GRADUATED 55 YOUTH, PLACING 75% IN JOBS WITHIN 6 MONTHS. THE YOUTH CULINARY PROGRAM GRADUATED 50 YOUTH, WITH 70% PLACED IN JOBS WITHIN 6 MONTHS AND 56 YOUTH ADVANCED THEIR EDUCATION. OUR COMMUNITY AND SCHOOL MEALS PROGRAMS PRODUCED AND SERVED MORE THAN 875,000 MEALS TO THOSE IN NEED IN OUR COMMUNITY. OUR NATIONAL PROGRAM, CATALYST KITCHENS, WORKED WITH 64 NONPROFIT ORGANIZATIONS ACROSS THE U.S. AND CANADA. SEE SCHEDULE O FOR INFORMATION OVER THE FOODSERVICE APPRENTICESHIP PROGRAM LAUNCHED IN 2017. 15006629 true true false false false false false false false false true false false false true true true true false false false false false true true true false false false true false false false false false false false false true false false false true false false false false true 111 0 true 423 true false false false false false true true false false false false X 20 20 false false false false false false false true true false false true true true true true true true true false X X RYAN DEAN 2064431233 700 VIRGINIA STREET SEATTLE WA 98101 LISA CLARKE PRESIDENT 3.00 X X 0 0 0 KEN HART PRESIDENT EL 3.00 X X 0 0 0 CRAIG RUSSELL PAST PRESIDE 3.00 X X 0 0 0 CATE HARDY TREASURER 3.00 X X 0 0 0 GREGG JOHNSON SECRETARY 3.00 X X 0 0 0 PAUL DAVIS BOARD MEMBER 3.00 X 0 0 0 BILL ADAMUCCI BOARD MEMBER 3.00 X 0 0 0 JEFFREY ADELSON BOARD MEMBER 3.00 X 0 0 0 MICHELLE BURNS BOARD MEMBER 3.00 X 0 0 0 GAIL DEGIULIO BOARD MEMBER 3.00 X 0 0 0 RODGER KOHN BOARD MEMBER 3.00 X 0 0 0 TRICIA MCKAY LINCOLN BOARD MEMBER 3.00 X 0 0 0 JUDY MELELIAT BOARD MEMBER 3.00 X 0 0 0 CHRIS SCHNECK BOARD MEMBER 3.00 X 0 0 0 JOANNA SMITH BOARD MEMBER 3.00 X 0 0 0 JULAINE SMITH BOARD MEMBER 3.00 X 0 0 0 PHIL STALCUP BOARD MEMBER 3.00 X 0 0 0 BRIAN SURRATT BOARD MEMBER 3.00 X 0 0 0 NICOLE TRIMBLE BOARD MEMBER 3.00 X 0 0 0 JUSTICE MARY YU BOARD MEMBER 3.00 X 0 0 0 MEGAN KARCH CEO 40.00 X 237916 0 15384 RYAN DEAN CFO 40.00 X 136534 0 7231 MATTHEW GURNEY VP SOCIAL EN 40.00 X 135705 0 6827 MICHELLE MCDANIEL CDO 40.00 X 156639 0 13849 MOLLY HANCOCK VP PROGRAMS 40.00 X 122429 0 11164 789223 54455 5 false true false FORUM SOLUTIONS PO BOX 1458 MERCER ISLAND WA 98040 PROJECT MNGMT 495670 NET-TECH 12819 SE 38TH ST 368 BELLEVUE WA 98006 IT SUPPORT 364340 AGILYSYS 1000 WINDWARD CONCOURSE ALPHARETTA GA 30005 POINT OF SALE 226914 ACCOUNTEMPS 601 UNION ST STE 4700 SEATTLE WA 98101 TEMP STAFFING 106309 BRHR CONSULTING 2928 NW VERDE VISTA TER PORTLAND OR 97210 HR CONSULTING 105840 5 1718505 1749757 8130002 1597367 11598264 FOOD SERVICE REVENUE 722511 7999537 7999537 NON-PROFIT TRAINING 624200 296740 296740 8296277 23601 23601 250043 248457 326975 1586 -326975 -325389 -325389 464396 1718505 527233 -62837 -62837 37900 9570 28330 28330 OTHER REVENUE 624310 5605 5605 5605 19563851 7970888 -5301 531089 314971 216118 8429072 6960761 710836 757475 143637 89118 24199 30320 761642 644053 52742 64847 753234 601409 78280 73545 24993 24993 20502 20502 1077808 173132 820133 84543 74335 69411 4924 350927 250469 30668 69790 928681 842812 44634 41235 67531 50495 12497 4539 9624 9624 597137 385598 198237 13302 90800 81538 4631 4631 SOCIAL ENTERPRISE OP COST 3140826 3011655 48443 80728 STARTUP EXPENSES 769801 733061 36740 STUDENT SUPPORT EXP/COST 722672 722335 337 MISCELLANEOUS 215897 98042 58416 59439 413556 292740 93663 27153 19123764 15006629 2564044 1553091 X 1714377 1565445 207383 414601 32676163 589654 1769236 70894 135116 280636 354444 14207990 5099251 9686118 9108739 1640968 1417020 39044 78457 14397248 47351047 1038477 1584909 136386 295245 1001821 32299 21653 1207162 2903628 X 12915586 11783726 274500 32663693 13190086 44447419 14397248 47351047 X 440087 891 30816355 X false true X true true true X 4589090 7828241 7424323 6502770 11598264 37942688 4589090 7828241 7424323 6502770 11598264 37942688 2272232 35670456 17801 25349 27949 27241 23601 121941 408974 14377 7944 5605 436900 38501529 28001450 0.92650 0.89700 X PART II, LINE 10 OTHER REVENUE 431,295 2442204 2442204 8235650 2177035 6058615 3530136 2922216 607920 9108739 DEFERRED RENT 21653 21653 X 52317297 891 32181472 571083 32753446 19563851 19563851 21059964 1365117 571083 1936200 19123764 19123764 SCHEDULE D, PAGE 3, PART X FARESTART ACCOUNTS FOR TAX POSITIONS IN ACCORDANCE WITH THE RECOGNITION AND INITIAL MEASUREMENT SECTIONS OF THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION. WITH FEW EXCEPTIONS, FARESTART IS SUBJECT TO FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE PRIOR THREE YEARS. MANAGEMENT HAS REVIEWED FARESTARTS TAX POSITIONS AND DETERMINED THERE WERE NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2017 AND 2016. SCHEDULE D, PAGE 4, PART XI, LINE 2D FUNDRAISING EVENT EXPENSES 244,108 LOSS ON ASSET DISPOSAL 326,975 SCHEDULE D, PAGE 4, PART XII, LINE 2D FUNDRAISING EVENT EXPENSES 244,108 LOSS ON ASSET DISPOSAL 326,975 X X X true ELIZABETH GAY 506 N 70TH STREET SEATTLE WA 98103 GRANT WRT false 195000 20502 174498 195000 20502 174498 WA AUCTION 1957480 1551134 406346 370736 2050 82817 550 FLOURISH 208966 150916 58050 30499 3980 14798 22973 2166446 1702050 464396 401235 2050 86797 15348 22973 528403 -64007 false false 37900 8400 1170 false 37900 8400 1170 9570 28330 WA true false false false 1.00000 RYAN DEAN 700 VIRGINIA STREET SEATTLE WA 98101 false ALLISON BROCK 195 OVERSEE RAFFLE X false X X X X false false false false false false false false false MEGAN KARCH CEO 199076 38840 8153 7231 253300 MICHELLE MCDANIEL CDO 156639 6618 7231 170488 X 36 878271 PUBLICLY TRADED VALUE X 308 207619 DONOR VALUATION X SUPPLIES 370 108050 DONOR VALUATION X AUCTION/RAFFLE 425 403427 DONOR VALUATION false true false SCHEDULE M, PAGE 2, PART II PART I, LINES 19, 25, AND 26, COLUMN B RESPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PAGE 2, PART III, LINE 2 IN JULY 2017, FARESTART BEGAN THE FOODSERVICE APPRENTICESHIP PROGRAM FOR INDIVIDUALS 18 AND OLDER WITH FOODSERVICE WORK EXPERIENCE. THIS PAID PROGRAM IS DESIGNED TO HELP LOW-WAGE FOODSERVICE WORKERS DEVELOP THE HIGHER SKILLS THEY NEED TO ADVANCE IN THE FOODSERVICE INDUSTRY AND MOVE TOWARD A LIVING WAGE. FARESTART ENROLLED 22 APPRENTICES DURING THE 6 MONTHS OF THE PROGRAM. FORM 990, PAGE 6, PART VI, LINE 11B A DRAFT COPY OF THE FORM 990 IS REVIEWED BY THE CEO, THE CFO, AND THE FINANCE COMMITTEE PRIOR TO THE TAX RETURN BEING COMPLETED BY THE OUTSIDE CPA. A COPY OF THE FINAL FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING THE TAX RETURN. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION DOES NOT ALLOW MEMBERS OF THE BOARD OF DIRECTORS WHO HAVE CONFLICTS OF INTEREST RELATED TO A SPECIFIC ISSUE TO VOTE ON THAT ISSUE. FARESTART ANNUALLY REMINDS BOARD MEMBERS ABOUT CONFLICT OF INTEREST POLICY AND REQUESTS SIGNED CERTIFICATIONS THAT THEY HAVE READ AND UNDERSTAND THE POLICY. FORM 990, PAGE 6, PART VI, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD COMPLETES A 360-DEGREE PERFORMANCE REVIEW AND USES AN OUTSIDE SURVEY SOURCE (THE UNITED WAY OF KING COUNTY SALARY SURVEY OF NON-PROFITS) FOR THE REGION. THE COMMITTEE THEN DISCUSSES THE PERFORMANCE OF THE CEO AND DECIDES ON THE SALARY AS A GROUP. THE CEO DOES NOT PARTICIPATE IN THESE DISCUSSIONS OR DECISIONS. THE EXECUTIVE COMMITTEE THEN MEETS WITH THE CEO TO DISCUSS THE PERFORMANCE EVALUATION AND THE SALARY ADJUSTMENT. FORM 990, PAGE 6, PART VI, LINE 15B ALL OTHER EMPLOYEES PARTICIPATE IN AN ANNUAL AND MID-YEAR REVIEW AND CALIBRATION PROCESS. FEEDBACK IS SOUGHT FROM DIRECT REPORTS AND PEERS AND SALARY INCREASES ARE BASED ON MERIT AND MARKET ANALYSIS. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS ANNUAL AUDITED FINANCIAL STATEMENTS AND FORM 990 AVAILABLE TO THE GENERAL PUBLIC ON ITS WEBSITE. ALL OTHER DOCUMENTS, SUCH AS: CONFLICT OF INTEREST POLICY; ORGANIZATIONAL DOCUMENTS; FORM 1023; AND INTERIM FINANCIAL INFORMATION, ARE MADE AVAILABLE AT THE ORGANIZATION'S ADMINISTRATIVE OFFICE UPON REQUEST. FORM 990, PART XI 2017 WAS A REMARKABLY EXCITING YEAR FOR THE INSTITUTION WITH SEVERAL MILESTONES ACHIEVED. OF NOTE IS THE SIGNIFICANT PROGRAM AND PHYSICAL EXPANSION IN JULY. THIS CONSISTED OF THE LAUNCH OF A NEW FOODSERVICE APPRENTICESHIP PROGRAM AND THE OPENING, OR EXPANSION OF, SOCIAL ENTERPRISES: THREE NEW FAST-CASUAL FOOD CONCEPTS, A NEW CAF, A NEW FULL- SERVICE RESTAURANT AND SIGNIFICANTLY ENHANCED CATERING OPERATIONS - ALL DESIGNED TO PROVIDE ON-THE-JOB TRAINING FOR APPRENTICES. THE APPRENTICESHIP PROGRAM PROVIDES THE TRAINING AND SUPPORT FOR FOODSERVICE WORKERS TO SKILL-UP AND ADVANCE THEIR CAREER TOWARD A LIVING WAGE JOB. THUS FAR, PROGRAM OUTCOMES HAVE EXCEEDED EXPECTATIONS WITH GRADUATES ACHIEVING AN AVERAGE WAGE INCREASE OF 42%. FARESTART COULDN'T HAVE LAUNCHED THIS NEW PROGRAM AND SOCIAL ENTERPRISES WITHOUT THE MATERIAL SUPPORT OF THE LANDLORD, THE IMPACT OF WHICH CAN BE SEEN IN THE SIGNIFICANT RECONCILIATION OF NET ASSETS TO THE AUDITED FINANCIAL STATEMENTS. IN COMPLIANCE WITH GAAP, THE DONATED USE OF APPROXIMATELY 30,000 SQUARE FEET OF BUILT OUT AND READY TO OPERATE SPACE IS RECORDED AS AN "IN-KIND" CONTRIBUTION, AND THE USE OF IT WILL BE RECORDED OVER TIME PURSUANT TO AGREEMENTS EXECUTED BETWEEN THE PARTIES. THIS GIFT HAS CAUSED A MATERIAL RECONCILIATION BETWEEN FORM 990 AND THE AUDITED FINANCIAL STATEMENTS, BUT OPERATIONALLY THE ORGANIZATION HAS NOT CHANGED SIGNIFICANTLY. THE CASH FLOWS PER THE FINANCIAL STATEMENTS REMAIN CONSISTENT WITH PREVIOUS YEARS AND THE NEED FOR THE STRONG SUPPORT OF THE COMMUNITY TO FULFILL THE MISSION AND SERVE FARESTART'S STUDENTS, APPRENTICES AND GRADUATES REMAINS CRITICAL. FARESTART PROPERTIES LLC 700 VIRGINIA STREET SEATTLE WA 98101 204392358 RENTAL WA -118820 7776915 FARESTART