FARESTART: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- FARESTART (EIN 91-1546757)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-08-12
- IRS object ID
- 201312249349302516
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule G
- Schedule J
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-08-12T15:30:42-05:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FINNEY NEILL & COMPANY PS | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9757 GREENWOOD AVE N | AddressLine1 |
| City | SEATTLE | City |
| State | WA | State |
| ZIP Code | 98103 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 911546757 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FARESTART | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | FARE | NameControl |
| Phone | 2064431233 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 700 VIRGINIA STREET | AddressLine1 |
| City | SEATTLE | City |
| State | WA | State |
| ZIP Code | 98101 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MEGAN KARCH | Name |
| Title | EXECUTIVE DIRECTOR | Title |
| Phone | 2064431233 | Phone |
| Date Signed | 2013-08-12 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ROBERT C FINNEY CPA | Name |
| Phone | 2062989811 | Phone |
| Date Prepared | 2013-08-12 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | MEGAN KARCH | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 700 VIRGINIA STREET | AddressLine1 |
| City | SEATTLE | City |
| State | WA | State |
| ZIP Code | 98101 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 13808014 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.FARESTART.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1992 | YearFormation |
| State Legal Domicile | WA | StateLegalDomicile |
| Activity Or Mission Description | 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 23 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 22 | NbrIndependentVotingMembers |
| Total Nbr Employees | 200 | TotalNbrEmployees |
| Total Nbr Volunteers | 1732 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 4039132 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 4325110 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 2953049 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 3789676 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 99683 | InvestmentIncomePriorYear |
| Investment Income Current Year | 115717 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -142432 | OtherRevenuePriorYear |
| Other Revenue Current Year | 5354663 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 6949432 | TotalRevenuePriorYear |
| Total Revenue Current Year | 13585166 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 3819434 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 4203000 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 71244 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 34956 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1085162 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 3352693 | OtherExpensePriorYear |
| Other Expenses Current Year | 4164299 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 7243371 | TotalExpensesPriorYear |
| Total Expenses Current Year | 8402255 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -293939 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 5182911 | RevenuesLessExpensesCY |
| Total Assets BOY | 23817337 | TotalAssetsBOY |
| Total Assets EOY | 12766814 | TotalAssetsEOY |
| Total Liabilities BOY | 16701812 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 683063 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 7115525 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 12083751 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 6234034 | Expense |
| Revenue | 3789676 | Revenue |
| Description | IN 2012, FARESTART'S KEY MEASURABLE OUTCOMES REMAINED SOLID AND MADE A SIGNIFICANT IMPACT IN THE COMMUNITY. WE PROVIDED SERVICES TO 901 INDIVIDUALS, WHILE 182 ADULTS AND YOUTH COMPLETED OUR JOB TRAINING PROGRAMS. THROUGH THESE SERVICES, MORE THAN 200 INDIVIDUALS UPGRADED AND STABILIZED THEIR HOUSING WHILE ENROLLED IN THE PROGRAM, AND WE ALSO SAW THE HIGHEST ANNUAL JOB PLACEMENT (87%) AND JOB RETENTION (74%) RATES IN OUR ORGANIZATION'S HISTORY. ADDITIONALLY, FARESTART'S KITCHENS PRODUCED AND SERVED OVER 560,000 MEALS TO THOSE IN NEED IN OUR COMMUNITY. OUR COMMUNITY FOODS PROGRAM OPERATED IN ACCORDANCE WITH A GRANT FROM THE USDA COMPLETED THE YEAR WITH POSITIVE OUTCOMES IN PROVIDING UNDERSERVED SCHOOL CHILDREN NUTRITIOUS MEALS AND EDUCATION ON HOW THEIR FAMILIES CAN ACCESS NUTRITIOUS FOOD IN THE COMMUNITY. THROUGH OUR NATIONAL NETWORK, CATALYST KITCHENS, WE WORKED WITH 37 MEMBER ORGANIZATIONS ACROSS THE UNITED STATES AND CANADA ON DEVELOPING THEIR OWN PROGRAMS MODELED ON FARESTART'S SUCCESSFUL SOCIAL ENTERPRISE MODEL. | Description |
| Total Program Service Expense | 6234034 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | false | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | true | ProfessionalFundraising |
| Fundraising Activities | true | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | true | RelatedOrgControlledEntity |
| Transaction Related Entity | true | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 38 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 200 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 23 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 22 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | false | CompensationProcessOther |
| Investment In Joint Venture | true | InvestmentInJointVenture |
| Written Policy Or Procedure | false | WrittenPolicyOrProcedure |
| States Where Copy Of Return Is Filed | WA | StatesWhereCopyOfReturnIsFiled |
| Own Website | X | OwnWebsite |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | MEGAN KARCH | NamePerson |
| Telephone Number | 2064431233 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 700 VIRGINIA STREET | AddressLine1 |
| City | SEATTLE | City |
| State | WA | State |
| ZIP Code | 98101 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (24 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| GERRY ADAMS | ||||||
| TREASURER | 3.00 | X | X | 0 | 0 | 0 |
| BILL ADAMUCCI | ||||||
| BOARD MEMBER | 3.00 | X | 0 | 0 | 0 | |
| JEFFREY ADELSON | ||||||
| BOARD MEMBER | 3.00 | X | 0 | 0 | 0 | |
| ALEX CEBALLOS | ||||||
| BOARD MEMBER | 1.50 | X | 0 | 0 | 0 | |
| CONNIE CLARK-REDMOND | ||||||
| BOARD MEMBER | 3.00 | X | 0 | 0 | 0 | |
| LISA CLARKE | ||||||
| VP - FSI | 3.00 | X | X | 0 | 0 | 0 |
| PAUL DAVIS | ||||||
| BOARD MEMBER | 3.00 | X | 0 | 0 | 0 | |
| KEN GLASS | ||||||
| BOARD MEMBER | 1.50 | X | 0 | 0 | 0 | |
| KEN HART | ||||||
| BOARD MEMBER | 3.00 | X | 0 | 0 | 0 | |
| GREGG JOHNSON | ||||||
| VP - NATIONA | 3.00 | X | X | 0 | 0 | 0 |
| RODGER KOHN | ||||||
| BOARD MEMBER | 3.00 | X | 0 | 0 | 0 | |
| DAVID LINTON | ||||||
| PRESIDENT | 3.00 | X | X | 0 | 0 | 0 |
| JERRY MEYER | ||||||
| BOARD MEMBER | 3.00 | X | 0 | 0 | 0 | |
| BOB NELSON | ||||||
| BOARD MEMBER | 3.00 | X | 0 | 0 | 0 | |
| PATRICIA PEDERSEN | ||||||
| BOARD MEMBER | 3.00 | X | 0 | 0 | 0 | |
| JON PETTIT | ||||||
| BOARD MEMBER | 3.00 | X | 0 | 0 | 0 | |
| CRAIG RUSSELL | ||||||
| SECRETARY | 3.00 | X | X | 0 | 0 | 0 |
| PHIL STALCUP | ||||||
| BOARD MEMBER | 3.00 | X | 0 | 0 | 0 | |
| NORM SWICK | ||||||
| PRESIDENT EL | 3.00 | X | X | 0 | 0 | 0 |
| LYN TANGEN | ||||||
| PAST PRESIDE | 3.00 | X | X | 0 | 0 | 0 |
| SHERYL WILLERT | ||||||
| 1.50 | X | 0 | 0 | 0 | ||
| MARY YU | ||||||
| BOARD MEMBER | 1.50 | X | 0 | 0 | 0 | |
| MEGAN KARCH | ||||||
| EXECUTIVE DI | 40.00 | X | 143851 | 0 | 6307 | |
| AMY MICHAEL | ||||||
| CFO | 40.00 | X | 105733 | 0 | 6307 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 249584 | TotalReportableCompFromOrg |
| Total Other Compensation | 12614 | TotalOtherCompensation |
| Number Individuals GT100 K | 2 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
| Fundraising Events | 636399 | FundraisingEvents |
| Government Grants | 975290 | GovernmentGrants |
| All Other Contributions | 2713421 | AllOtherContributions |
| Noncash Contributions | 443428 | NoncashContributions |
| Total Contributions | 4325110 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| FOOD SERVICE REVENUE | 722511 | 3251593 | 3251593 |
| GUEST CHEF | 722511 | 290679 | 290679 |
| NON-PROFIT TRAINING | 624200 | 144149 | 144149 |
| MISC. PROGRAM SERVICE REVENUE | 624200 | 103255 | 103255 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 3789676 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 115717 | TotalRevenueColumn |
| Exclusion | $115,717 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 516445 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 636399 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 222848 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 293597 | TotalRevenueColumn |
| Exclusion | $211,896 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| DEBT CANCELLATION | 900003 | 5768813 | 5768813 |
| FARESTART PROPERTIES LLC | 531120 | -707747 | -707747 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 5061066 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 13585166 | TotalRevenueColumn |
| Related Or Exempt Function Income | 8850742 | RelatedOrExemptFunctionIncome |
| Exclusion | $327,613 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 249584 | Total |
| Program Services | 5519 | ProgramServices |
| Management And General | 213954 | ManagementAndGeneral |
| Fundraising | 30111 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3292215 | Total |
| Program Services | 2599736 | ProgramServices |
| Management And General | 352052 | ManagementAndGeneral |
| Fundraising | 340427 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 330164 | Total |
| Program Services | 263646 | ProgramServices |
| Management And General | 45272 | ManagementAndGeneral |
| Fundraising | 21246 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 331037 | Total |
| Program Services | 254164 | ProgramServices |
| Management And General | 46333 | ManagementAndGeneral |
| Fundraising | 30540 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 33878 | Total |
| Management And General | 33878 | ManagementAndGeneral |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 34956 | Total |
| Fundraising | 34956 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 434578 | Total |
| Program Services | 222378 | ProgramServices |
| Management And General | 54881 | ManagementAndGeneral |
| Fundraising | 157319 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 78463 | Total |
| Program Services | 338 | ProgramServices |
| Management And General | 2092 | ManagementAndGeneral |
| Fundraising | 76033 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 239477 | Total |
| Program Services | 130556 | ProgramServices |
| Management And General | 29685 | ManagementAndGeneral |
| Fundraising | 79236 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 463100 | Total |
| Program Services | 404186 | ProgramServices |
| Management And General | 41844 | ManagementAndGeneral |
| Fundraising | 17070 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 48307 | Total |
| Program Services | 41425 | ProgramServices |
| Management And General | 3547 | ManagementAndGeneral |
| Fundraising | 3335 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 223451 | Total |
| Management And General | 223451 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1110124 | Total |
| Program Services | 143410 | ProgramServices |
| Management And General | 957055 | ManagementAndGeneral |
| Fundraising | 9659 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 59870 | Total |
| Program Services | 52386 | ProgramServices |
| Management And General | 5149 | ManagementAndGeneral |
| Fundraising | 2335 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| COST OF GOODS SOLD | 1149810 | 1084364 | 500 | 64946 |
| STUDENT SUPPORT | 492099 | 491393 | 677 | 29 |
| RESTAURANT AND CAFE OPERA | 384872 | 358054 | 15858 | 10960 |
| NEW MKTS TAX CREDIT UNWND | 127533 | 127533 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | -681263 | Total |
| Program Services | 182479 | ProgramServices |
| Management And General | -1070702 | ManagementAndGeneral |
| Fundraising | 206960 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8402255 | Total |
| Program Services | 6234034 | ProgramServices |
| Management And General | 1083059 | ManagementAndGeneral |
| Fundraising | 1085162 | Fundraising |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Joint Costs | X | JointCosts |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1292116 | BOY |
| EOY | 1602861 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 194074 | BOY |
| EOY | 103899 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 305673 | BOY |
| EOY | 297462 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 477785 | BOY |
| EOY | 458509 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9748806 | BOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 40188 | BOY |
| EOY | 46292 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 101617 | BOY |
| EOY | 120293 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 15430498 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 6676839 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9244712 | BOY |
| EOY | 8753659 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1163068 | BOY |
| EOY | 1383839 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 553599 | BOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 695699 | BOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23817337 | BOY |
| EOY | 12766814 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 845795 | BOY |
| EOY | 473205 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 98468 | BOY |
| EOY | 112499 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15660190 | BOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 97359 | BOY |
| EOY | 97359 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16701812 | BOY |
| EOY | 683063 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6649732 | BOY |
| EOY | 11646152 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 465793 | BOY |
| EOY | 437599 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7115525 | BOY |
| EOY | 12083751 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23817337 | BOY |
| EOY | 12766814 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 5182911 | ReconcilationRevenueExpenses |
| Reconcilation Donated Services | 258049 | ReconcilationDonatedServices |
| Reconcilation Other Changes | -472734 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 3083845 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3537451 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3900505 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 4039132 | CurrentTaxYearMinus1Year |
| Current Tax Year | 4325110 | CurrentTaxYear |
| Total | 18886043 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 3083845 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3537451 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3900505 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 4039132 | CurrentTaxYearMinus1Year |
| Current Tax Year | 4325110 | CurrentTaxYear |
| Total | 18886043 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 1070075 | AmountsSubstContributorsTotal |
| Public Support Total170 | 17815968 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | 101176 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 98610 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 99523 | CurrentTaxYearMinus1Year |
| Current Tax Year | 115717 | CurrentTaxYear |
| Total | 415026 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | -169138 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 518004 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 542789 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 496752 | CurrentTaxYearMinus1Year |
| Current Tax Year | 373255 | CurrentTaxYear |
| Total | 1761662 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 21062731 | TotalSupport |
| Gross Receipts From Admissions Etc | 17872688 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.84590 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.89520 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2442204 | OtherCostOrOtherBasis |
| Book Value | 2442204 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 10642290 | OtherCostOrOtherBasis |
| Depreciation | 4750682 | Depreciation |
| Book Value | 5891608 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2346004 | OtherCostOrOtherBasis |
| Depreciation | 1926157 | Depreciation |
| Book Value | 419847 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 8753659 | TotalOfBookValueLandBuildings |
| Tot Revenue Etc Audited Fincl Stmt | 14550962 | TotRevenueEtcAuditedFinclStmt |
| Donated Srvc And Use Of Facilities | 258049 | DonatedSrvcAndUseOfFacilities |
| Other Revenues | 707747 | OtherRevenues |
| Revenue Not Rptd F990 | 965796 | RevenueNotRptdF990 |
| Revenue Subtotal | 13585166 | RevenueSubtotal |
| Total Revenue Per Form990 | 13585166 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 9546621 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 1144366 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 1144366 | ExpensesNotRptdF990 |
| Expenses Subtotal | 8402255 | ExpensesSubtotal |
| Total Expenses Per Form990 | 8402255 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER | SCHEDULE D, PAGE 4, PART XI, LINE 2D | FARESTART PROPERTIES NET REVENUE BOOK-TAX DIFFERENCE 707,747 |
| EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER | SCHEDULE D, PAGE 4, PART XII, LINE 2D | FARESTART PROPERTIES NET EXPENSE BOOK-TAX DIFFERENCE 1,144,366 |
| SUPPLEMENTAL FINANCIAL INFORMATION | SCHEDULE D, PAGE 4, PART XIII | THE FARESTART PROPERTIES NET REVENUE BOOK-TAX DIFFERENCE OF 707,747 LISTED ABOVE IS THE RESULT OF THE ORGANIZATION'S FINANCIAL STATEMENTS REPORTED ON A CONSOLIDATED BASIS, WHICH INCLUDES ALL OF FARESTART PROPERTIES LLC ACTIVITY. HOWEVER, FOR TAX PURPOSES, ONLY THE ACTUAL OWNERSHIP PERCENTAGE OF ACTIVITY IS TO BE REPORTED. THE BOOK-TAX DIFFERENCE IS CALCULATED AS FOLLOWS: SCHEDULE K-1 ACTIVITY REPORTED TO ORGANIZATION 14,733,340 LESS: ALL ACTIVITY REPORTED ON CONSOLIDATED FINANCIALS (15,411,087) ----------- TOTAL BOOK-TAX DIFFERENCE OF FARESTART PROPERTIES LLC (707,747) =========== BECAUSE FARESTART PROPERTIES LLC ACTIVITY IS INCLUDED IN VARIOUS REVENUE ACCOUNTS IN THE CONSOLIDATED FINANCIALS, THIS DIFFERENCE IS REPORTED SEPARATELY ON FORM 990, PART VIII, LINE 11B. |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Email Solicitations | X | EmailSolicitations |
| Phone Solicitations | X | PhoneSolicitations |
| In Person Solicitations | X | InPersonSolicitations |
| Solicitation Of Non Govt Grants | X | SolicitationOfNonGovtGrants |
| Solicitation Of Govt Grants | X | SolicitationOfGovtGrants |
| Special Fundraising Events | X | SpecialFundraisingEvents |
| Agreement Ref Fundraising | true | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation (2 entries)
| Name Of IndividualNameOfIndividual | Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | ActivityActivity | Fundraiser Control Of FundsFundraiserControlOfFunds | Amount Retained By ContractorAmountRetainedByContractor | Net To OrganizationNetToOrganization |
|---|---|---|---|---|---|---|---|---|
| DENNY MILLER ASSOCIATES INC | 400 N CAPITOL ST NW | WASHINGTON | DC | 20001 | CONSULTING | false | 20000 | -20000 |
| THE COLLINS GROUP INC | 501 E PINE ST STE 301 | SEATTLE | WA | 98122 | CONSULTING | false | 14956 | -14956 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | 34956 | TotalRetainedByContractors |
| Total Net To Organization | -34956 | TotalNetToOrganization |
| Licensed States | WA | LicensedStates |
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | AUCTION | NameOfEvent1 |
| Gross Receipts Event1 | 916335 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 543080 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 373255 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 85931 | RentFacilityCostsEvent1 |
| Entertainment Event1 | 4735 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 70693 | OtherDirectExpensesEvent1 |
| Name Of Event2 | ANNIVERSARY DIN | NameOfEvent2 |
| Gross Receipts Event2 | 67188 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 51938 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 15250 | GrossRevenueEvent2 |
| Rent Facility Costs Event2 | 32605 | RentFacilityCostsEvent2 |
| Entertainment Event2 | 5575 | EntertainmentEvent2 |
| Other Direct Expenses Event2 | 12163 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 3 | TotalNumberOfOtherEvents |
| Gross Receipts Other Events | 169321 | GrossReceiptsOtherEvents |
| Charitable Contrib Other Events | 41381 | CharitableContribOtherEvents |
| Gross Revenue Other Events | 127940 | GrossRevenueOtherEvents |
| Food And Beverage Other Events | 5539 | FoodAndBeverageOtherEvents |
| Entertainment Other Events | 1466 | EntertainmentOtherEvents |
| Other Direct Expenses Other Events | 4141 | OtherDirectExpensesOtherEvents |
| Gross Receipts Total | 1152844 | GrossReceiptsTotal |
| Charitable Contributions Total | 636399 | CharitableContributionsTotal |
| Gross Revenue Total Events | 516445 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 118536 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 5539 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 11776 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 86997 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 222848 | DirectExpenseSummaryEvents |
| Net Income Summary | 293597 | NetIncomeSummary |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | MEGAN KARCH | NamePerson |
| Title | EXECUTIVE DIRECTOR | Title |
| Base Compensation Filing Org | 143851 | BaseCompensationFilingOrg |
| Deferred Comp Filing Org | 6307 | DeferredCompFilingOrg |
| Total Compensation Filing Org | 150158 | TotalCompensationFilingOrg |
Schedule M IRS990ScheduleM
Food Inventory FoodInventory
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 250 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 191929 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | DONOR VALUATION | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable (2 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | SUPPLIES | 120 | 66969 | DONOR VALUATION |
| X | AUCTION ITEMS | 205 | 184530 | DONOR VALUATION |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | false | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| ORGANIZATION'S MISSION | 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. |
| ADDITIONAL INFORMATION | FORM 990 | FARESTART PRESENTS ITS FINANCIAL STATEMENTS ON A CONSOLIDATED BASIS. THE CONSOLIDATED FINANCIAL STATEMENTS INCLUDE THE ASSETS, LIABILITIES, AND ACTIVITY OF FARESTART PROPERTIES LLC. AS SUCH, FORM 990 PART X PRESENTS THE BALANCE SHEET OF FARESTART ON A CONSOLIDATED BASIS. FORM 990, PART VIII AND FORM 990, PART IX ARE PRESENTED ON AN UNCONSOLIDATED BASIS. DETAILS OF RECONCILING ITEMS ARE INCLUDED IN SCHEDULE D PARTS XI, XII, XIII, AND XIV. ADDITIONALLY, THE CONSOLIDATED FINANCIAL STATEMENTS INCLUDE CHANGES IN NET ASSETS THAT ARE NOT PART OF THE UNRECONCILED FORM 990. THESE ITEMS INCLUDE PRIORTIY RETURN, NET UNREALIZED GAIN/LOSS ON INVESTMENTS, AND TEMPORARILY RESTRICTED ACTIVITIES. THESE DIFFERENCES ARE INCLDUED IN FORM 990, PART XI. FORM 990, SCHEDULE R - ADDITIONAL INFORMATION IN PRIOR YEARS FARESTART GUARANTEED A LOAN FOR FARESTART PROPERTIES LLC. THIS WAS REPORTED ON THE CONSOLIDATED FINANCIAL STATEMENTS (BALANCE SHEET), FORM 990 PART X, AND SCHEDULE R. DURING 2012, AS THE RESULT OF A NEW MARKETS TAX CREDIT UNWIND TRANSACTION, LOANS WERE FORGIVEN, INCLUDING THE GUARANTEED DEBT FOR FARESTART PROPERTIES LLC. FORM 990 - ADDITIONAL INFORMATION 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. |
| FIRST ACCOMPLISHMENT DESCRIPTION | FORM 990, PAGE 2, PART III, LINE 4A | FOOD IN THE COMMUNITY. THROUGH OUR NATIONAL NETWORK, CATALYST KITCHENS, WE WORKED WITH 37 MEMBER ORGANIZATIONS ACROSS THE UNITED STATES AND CANADA ON DEVELOPING THEIR OWN PROGRAMS MODELED ON FARESTART'S SUCCESSFUL SOCIAL ENTERPRISE MODEL. |
| ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 | 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. |
| ENFORCEMENT OF CONFLICTS POLICY | 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. |
| COMPENSATION PROCESS FOR TOP OFFICIAL | 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. |
| GOVERNING DOCUMENTS DISCLOSURE EXPLANATION | FORM 990, PAGE 6, PART VI, LINE 19 | THE ORGANIZATION MAKES ITS ANNUAL AUDITED FINANCIAL STATEMENTS AND IRS FORM 990 AVAILABLE TO THE GENERAL PUBLIC ON ITS WEBSITE. ALL OTHER DOCUMENTS, SUCH AS: CONFLICT OF INTEREST POLICY; ORGANIZATIONAL DOCUMENTS; IRS FORM 1023; AND INTERIM FINANCIAL INFORMATION, ARE MADE AVAILABLE AT THE ORGANIZATION'S ADMINISTRATIVE OFFICE UPON REQUEST. |
| RECONCILIATION OF CHANGES - OTHER | FORM 990, PART XI, LINE 9 | FARESTART PROPERTIES NET REVENUE BOOK-TAX DIFFERENCE 707,747 FARESTART PROPERTIES NET EXPENSE BOOK-TAX DIFFERENCE -1,144,366 |
| OTHER CHANGES IN NET ASSETS EXPLANATION | FORM 990, PART XI, LINE 9 | NET UNREALIZED GAINS ON INVESTMENTS 17,855 PRIORITY RETURN 16,191 DECR IN TEMP RESTRICTED ASSETS 37,779 |
Schedule R IRS990ScheduleR
Form990 Schedule R Part III Form990ScheduleRPartIII
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FARESTART PROPERTIES LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 700 VIRGINIA STREET | AddressLine1 |
| City | SEATTLE | City |
| State | WA | State |
| ZIP Code | 98101 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 204392358 | EIN |
| Primary Activity | RENTAL R/E | PrimaryActivity |
| Legal Domicile State | WA | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Predominant Income Type | EXCLUDED | PredominantIncomeType |
| Disproportionate Allocations | false | DisproportionateAllocations |
| General Or Managing Partner | true | GeneralOrManagingPartner |
| Percentage Ownership | 1.00000 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | false | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | true | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | true | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| FARESTART PROPERTIES LLC | ||
| K | 94928 | FINANCIAL STATEMENTS |
| FARESTART PROPERTIES LLC | ||
| R | SEE SCHEDULE O | |
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