2014-07-29T17:14:40-05:00 2013-12-31 911566381 FINNEY NEILL & COMPANY PS 9757 GREENWOOD AVE N SEATTLE WA 98103 990 2013-01-01 911546757 FARESTART FARE 2064431233 700 VIRGINIA STREET SEATTLE WA 98101 MEGAN KARCH EXECUTIVE DIRECTOR 2064431233 2014-07-22 true ROBERT C FINNEY CPA P00006342 2062989811 2014-07-23 2013 2015-11-30 17:44:51Z MEGAN KARCH 700 VIRGINIA STREET SEATTLE WA 98101 9004800 false X WWW.FARESTART.ORG X 1992 WA 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. 19 19 211 1683 0 4325110 4589090 3789676 3999862 115717 17045 5354663 168927 13585166 8774924 0 0 4203000 4513415 34956 67025 937280 4164299 4100059 8402255 8680499 5182911 94425 12766814 14409753 683063 619776 12083751 13789977 X 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. false false 6309510 3999862 FARESTART IS PROUD TO REPORT OUTSTANDING JOB PLACEMENT AND RETENTION NUMBERS FOR GRADUATES OF OUR ADULT PROGRAM IN 2013. IN TOTAL, 824 INDIVIDUALS WERE PROVIDED WITH INTAKE SERVICES AND/OR REFERRALS FOR BASIC NEEDS. WE ENROLLED 229 ADULTS IN THE TRAINING PROGRAM, WHO WERE PROVIDED WITH CASE MANAGEMENT, HOUSING, LIFE SKILLS, AND JOB TRAINING. OF THE 110 GRADUATES, JOB PLACEMENT WAS 90% WITHIN 90 DAYS OF GRADUATIONOUR HIGHEST EVERWITH A 3-MONTH JOB RETENTION RATE OF 90% AND A 6-MONTH JOB RETENTION RATE OF 88%. THESE NUMBERS ARE A RESULT OF GREAT TRAINING, INCREASED STUDENT SUPPORT SERVICES, AND EXPANDED GRADUATE SUPPORT SERVICES THAT ARE HELPING GRADUATES TRANSITION SUCCESSFULLY TO EMPLOYMENT AND GAIN SELF- SUFFICIENCY. ADDITIONALLY, 60 YOUTH GRADUATED FROM OUR BARISTA TRAINING & EDUCATION PROGRAM IN PARTNERSHIP WITH YOUTHCARE WITH 92% OF YOUTH GRADUATES GAINING EMPLOYMENT OR PURSUING EDUCATION. FARESTART'S KITCHENS PRODUCED AND SERVED MORE THAN 675,000 MEALS TO THOSE IN NEED IN OUR COMMUNITY, INCLUDING AREA SHELTERS AND LOW-INCOME DAY CARE CENTERS AND SCHOOLS. THROUGH OUR NATIONAL NETWORK, CATALYST KITCHENS, WE WORKED WITH 50 MEMBER PROGRAMS THAT PROVIDE JOB TRAINING TO INDIVIDUALS WITH BARRIERS TO EMPLOYMENT ACROSS THE U.S., CANADA, AND UNITED KINGDOM. 6309510 true true false false false false false false false false true false false false false false true true false false false false false true true false false false false true false false false false false false false false true false false false true false false false false true 46 0 true 211 true false false false false false true true false false false false X 19 19 false false false false false false false true true false false true true true true true true true true false WA X X X MEGAN KARCH 2064431233 700 VIRGINIA STREET SEATTLE WA 98101 BILL ADAMUCCI BOARD MEMBER 3.00 X 0 0 0 JEFFREY ADELSON BOARD MEMBER 3.00 X 0 0 0 ALEX CEBALLOS BOARD MEMBER 3.00 X 0 0 0 CONNIE CLARK-REDMOND BOARD MEMBER 3.00 X 0 0 0 LISA CLARKE SECRETARY 3.00 X X 0 0 0 PAUL DAVIS BOARD MEMBER 3.00 X 0 0 0 KEN GLASS BOARD MEMBER 3.00 X 0 0 0 CATE HARDY BOARD MEMBER 3.00 X 0 0 0 KEN HART BOARD MEMBER 3.00 X 0 0 0 ANDREW HOGENSON BOARD MEMBER 3.00 X 0 0 0 PATRICIA HOVDA-PEDERSEN BOARD MEMBER 3.00 X 0 0 0 GREGG JOHNSON BOARD MEMBER 3.00 X 0 0 0 RODGER KOHN BOARD MEMBER 3.00 X 0 0 0 DAVID LINTON PRESIDENT 3.00 X X 0 0 0 JUDY MELELIAT BOARD MEMBER 3.00 X 0 0 0 JON PETTIT BOARD MEMBER 3.00 X 0 0 0 CRAIG RUSSELL PRESIDENT EL 3.00 X X 0 0 0 PHIL STALCUP BOARD MEMBER 3.00 X 0 0 0 NORM SWICK TREASURER 3.00 X X 0 0 0 LYN TANGEN PAST PRESIDE 3.00 X X 0 0 0 SHERYL WILLERT BOARD MEMEBE 3.00 X 0 0 0 MARY YU BOARD MEMBER 3.00 X 0 0 0 MEGAN KARCH EXECUTIVE DI 40.00 X 153032 0 0 AMY MICHAEL CFO 40.00 X 114158 0 0 MATTHEW GURNEY VP SOCIAL EN 40.00 X 102182 0 0 369372 3 false true false 633271 1134854 2820965 505097 4589090 FOOD SERVICE REVENUE 722511 3580645 3580645 GUEST CHEF 722511 290381 290381 NON-PROFIT TRAINING 624200 128836 128836 3999862 17801 17801 756 -756 -756 -756 408974 633271 229120 179854 179854 OTHER REVENUE (EXPENSE) 900003 -10927 -10927 -10927 8774924 3988179 197655 267190 228932 38258 3541012 2827050 380034 333928 22952 14145 6176 2631 329894 270066 45511 14317 352367 274673 46284 31410 28725 28725 67025 67025 299898 102374 153572 43952 75106 75106 311662 167689 31759 112214 366420 318437 30737 17246 48486 37996 110 10380 493799 110255 373885 9659 65172 57373 4450 3349 SOCIAL ENTERPRISE OP COST 1568824 1504273 22408 42143 STUDENT SUPPORT EXP/COST 489488 489446 42 SPACE RENTAL 91662 25 91637 STUDENT AND STAFF MEALS 74207 65571 5066 3570 186610 70137 76018 40455 8680499 6309510 1433709 937280 X 1602861 1614246 103899 297462 1810881 458509 582872 46292 44610 120293 149301 11845848 3413226 8753659 8432622 1383839 1775221 12766814 14409753 473205 528160 112499 91616 97359 683063 619776 X 11646152 11747374 437599 2042603 12083751 13789977 12766814 14409753 94425 1611801 X false true X true true true X 3537451 3900505 4039132 4325110 4589090 20391288 3537451 3900505 4039132 4325110 4589090 20391288 871695 19519593 101176 98610 99523 115717 17801 432827 518004 542789 496752 516445 408974 2482964 23307079 19423911 0.83750 0.84590 X PART II, LINE 10 EVENT REVENUE 1,906,904 FARESTART PROPERTIES - MANAGEMENT 167,086 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2442204 2442204 6954768 1205350 5749418 2448876 2207876 241000 8432622 8825327 49647 756 50403 8774924 8774924 8730902 49647 756 50403 8680499 8680499 SCHEDULE D, PAGE 4, PART XI, LINE 2D LOSS ON ASSET DISPOSAL 756 SCHEDULE D, PAGE 4, PART XII, LINE 2D LOSS ON ASSET DISPOSAL 756 X X X X X X X true THEA WARNER 700 VIRGINIA STREET SEATTLE WA 98101 EVENT PLAN false 30940 -30940 THE WHELAN GROUP 483 TENTH AVENUE SUITE 530 NEW YORK NY 10018 CONSULTING false 30938 -30938 STOKES AUCTION GROUP 909 MERIDIAN AVE E EDGEWOOD WA 98371 AUCTIONEER false 5147 -5147 67025 -67025 WA AUCTION 1042245 633271 408974 100244 128876 1042245 633271 408974 100244 128876 229120 179854 X X X X X false false false false false false false false false MEGAN KARCH EXECUTIVE DIRECTOR 153032 7805 153032 X 280 141090 DONOR VALUATION X SUPPLIES 116 126205 DONOR VALUATION X AUCTION ITEMS 246 237802 DONOR VALUATION false true false FORM 990 - ORGANIZATION'S MISSION 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. FORM 990 IN 2006, FARESTART FINANCED THE CONSTRUCTION OF A 33,000 SQ. FT. FACILITY THROUGH THE USE OF A CAPITAL CAMPAIGN, NEW MARKETS AND HISTORIC TAX CREDIT FUNDING AND STATE FUNDING. ON 12/31/12, THE NEW MARKETS TAX CREDIT WAS UNWOUND RESULTING IN FARESTART BEING THE SOLE OWNER OF FARESTART PROPERTIES, LLC. THIS UNWIND EVENT RESULTED IN CHANGES IN THE FOLLOWING CATEGORIES FROM 2012 TO 2013: PART I, LINE 10: REDUCTION IN INVESTMENT INCOME RELATED TO 2012 UNWIND PART I, LINE 11: ONE-TIME REVENUE ENTRY OF 5,000,000 IN 2012 TO RECOGNIZE BENEFIT OF CANCELLING TAX CREDIT RELATED DEBT. IN 2013, FARESTART RECEIVED A 1,500,000 GRANT TO REDISTRIBUTE THROUGH THE NATIONAL NETWORK. THIS GRANT WAS AWARDED IN 2013 AND WILL BE DISTRIBUTED IN 2014 AND 2015 AND HAS THE FOLLOWING IMPACTS ON REPORTING: PART X, LINE 3: INCREASE IN GRANT RECEIVABLE PART X, LINE 28: INCREASE IN TEMPORARILY RESTRICTED NET ASSETS PART XI, LINE 9: INCREASE IN OTHER CHANGES IN NET ASSETS IN 2014, THESE FUNDS WILL BE DISTRIBUTED, RECORDED AS EXPENSES, AND THE ABOVE EFFECTS WILL BE REVERSED. FORM 990, PAGE 2, PART III, LINE 4A EDUCATION PROGRAM IN PARTNERSHIP WITH YOUTHCARE WITH 92% OF YOUTH GRADUATES GAINING EMPLOYMENT OR PURSUING EDUCATION. FARESTART'S KITCHENS PRODUCED AND SERVED MORE THAN 675,000 MEALS TO THOSE IN NEED IN OUR COMMUNITY, INCLUDING AREA SHELTERS AND LOW-INCOME DAY CARE CENTERS AND SCHOOLS. THROUGH OUR NATIONAL NETWORK, CATALYST KITCHENS, WE WORKED WITH 50 MEMBER PROGRAMS THAT PROVIDE JOB TRAINING TO INDIVIDUALS WITH BARRIERS TO EMPLOYMENT ACROSS THE U.S., CANADA, AND UNITED KINGDOM. FORM 990, PAGE 6, PART VI, LINE 11B A DRAFT COPY OF THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THE CHIEF FINANCE OFFICER 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 VIA EMAIL 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. FORM 990, PAGE 6, PART VI, LINE 15A THE EXECUTIVE COMMITTEE 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 EXECUTIVE DIRECTOR AND DECIDES ON THE SALARY AS A GROUP. THE EXECUTIVE DIRECTOR DOES NOT PARTICIPATE IN THESE DISCUSSIONS OR DECISIONS. THE EXECUTIVE COMMITTEE THEN MEETS WITH THE EXECUTIVE DIRECTOR 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, LINE 9 LOSS ON ASSET DISPOSAL 756 LOSS ON ASSET DISPOSAL -756 FORM 990, PART XI, LINE 9 NET UNREALIZED GAINS ON INVESTMENTS 11,058 INCR IN TEMPORARILY RESTRICTED ACTIVITIES 1,600,743 FARESTART PROPERTIES LLC 700 VIRGINIA STREET SEATTLE WA 98101 204392358 RENTAL WA -349478 8224020 FARESTART