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Nonprofiteer
← FARESTART

Form 990 for tax year 2023

Filed by FARESTART.

Totals

Total revenue
$19,063,456
Total expenses
$18,232,008
Contributions and grants received
$16,703,848
Grants paid
$1,621,865
Program service revenue
$233,949
Investment income
$80,775
Other revenue
$2,044,884
Total assets, end of year
$20,369,224
Total liabilities, end of year
$1,766,210
Net assets or fund balances, end of year
$18,603,014
Program services expenses (Part IX)
$13,717,362
Management and general expenses
$3,316,401
Fundraising expenses
$1,198,245
Program service expenses (Part III)
$13,717,362

Program services were 75.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $1,900,578

  • 1e · Government grants (contributions)

    $5,413,155

  • 1f · All other contributions, gifts and grants

    $9,390,115

  • 1g · Noncash contributions included above

    $1,216,995

  • 2a · Program service revenue: NON-PROFIT TRAINING

    total $233,949 · related or exempt $233,949

  • 3 · Investment income

    total $80,775 · excluded $80,775

  • 7a · Gross sales of assets other than inventory

    securities $1,456,317

  • 7b · Less cost or other basis and sales expenses

    securities $1,456,317

  • 8a · Fundraising events: gross income

    $359,590

  • 8a · Fundraising events: contributions included on line 1c

    $1,900,578

  • 8b · Fundraising events: direct expenses

    $890,091

  • 8c · Net income from fundraising events

    total -$530,501 · excluded -$530,501

  • 9a · Gaming: gross income

    $27,500

  • 9b · Gaming: direct expenses

    $5,548

  • 9c · Net income from gaming

    total $21,952 · excluded $21,952

  • 10a · Gross sales of inventory

    $3,804,829

  • 10b · Cost of goods sold

    $1,251,396

  • 10c · Net income from sales of inventory

    total $2,553,433 · related or exempt $2,553,433

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,621,865 · program services $1,621,865

  • 5 · Compensation of officers, directors and key employees

    total $1,824,755 · program services $827,090 · management and general $822,246 · fundraising $175,419

  • 7 · Other salaries and wages

    total $8,110,369 · program services $6,707,438 · management and general $675,463 · fundraising $727,468

  • 8 · Pension plan contributions

    total $218,627 · program services $171,688 · management and general $29,690 · fundraising $17,249

  • 9 · Other employee benefits

    total $1,213,855 · program services $953,127 · management and general $164,894 · fundraising $95,834

  • 10 · Payroll taxes

    total $1,070,363 · program services $840,556 · management and general $145,355 · fundraising $84,452

  • 11a · Fees: management

    total $45,920 · management and general $45,920

  • 11b · Fees: legal

    total $121,722 · management and general $121,722

  • 11c · Fees: accounting

    total $56,009 · management and general $56,009

  • 11d · Fees: lobbying

    total $49,000 · management and general $49,000

  • 11e · Fees: professional fundraising services

    total $4,575 · fundraising $4,575

  • 11g · Fees: other

    total $847,983 · program services $376,236 · management and general $458,773 · fundraising $12,974

  • 12 · Advertising and promotion

    total $12,920 · management and general $1,245 · fundraising $11,675

  • 13 · Office expenses

    total $60,297 · program services $23,156 · management and general $4,438 · fundraising $32,703

  • 14 · Information technology

    total $329,886 · program services $247,415 · management and general $82,471

  • 16 · Occupancy

    total $852,364 · program services $699,070 · management and general $153,294

  • 17 · Travel

    total $42,146 · program services $37,308 · management and general $2,988 · fundraising $1,850

  • 20 · Interest

    total $28,175 · program services $21,131 · management and general $7,044

  • 22 · Depreciation, depletion and amortization

    total $463,578 · program services $212,274 · management and general $251,304

  • 23 · Insurance

    total $145,847 · program services $116,134 · management and general $29,713

  • 24a · Other expenses: SUPPLIES

    total $303,619 · program services $296,849 · management and general $6,770

  • 24b · Other expenses: BANK CHARGES

    total $61,032 · program services $26,588 · management and general $8,877 · fundraising $25,567

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $47,832 · program services $25,366 · management and general $22,466

  • 24d · Other expenses: BOARD & STAFF DEVELOP

    total $44,999 · program services $19,354 · management and general $20,086 · fundraising $5,559

  • 24e · All other expenses

    total $654,270 · program services $494,717 · management and general $156,633 · fundraising $2,920

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,463,669 · end of year $2,891,844

  • 2 · Savings and temporary cash investments

    beginning of year $1,143,209 · end of year $474,965

  • 3 · Pledges and grants receivable

    beginning of year $4,756,131 · end of year $7,259,597

  • 4 · Accounts receivable

    beginning of year $926,524 · end of year $675,728

  • 8 · Inventories for sale or use

    beginning of year $110,466 · end of year $38,580

  • 9 · Prepaid expenses and deferred charges

    beginning of year $289,092 · end of year $171,465

  • 10a · Land, buildings and equipment: cost or other basis

    $15,079,381

  • 10b · Land, buildings and equipment: accumulated depreciation

    $7,061,282

  • 10c · Land, buildings and equipment, net

    beginning of year $8,560,127 · end of year $8,018,099

  • 11 · Investments: publicly traded securities

    beginning of year $1,635,975 · end of year $535,705

  • 15 · Other assets

    beginning of year $395,658 · end of year $303,241

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,152,774 · end of year $1,350,838

  • 19 · Deferred revenue

    beginning of year $55,531 · end of year $101,012

  • 23 · Secured mortgages and notes payable

    beginning of year $6,636

  • 25 · Other liabilities

    beginning of year $380,123 · end of year $314,360

  • 27 · Net assets without donor restrictions

    beginning of year $14,797,633 · end of year $13,085,487

  • 28 · Net assets with donor restrictions

    beginning of year $3,888,154 · end of year $5,517,527

Mission and programs · 2023

Mission

FARESTART TRANSFORMS LIVES, DISRUPTS POVERTY AND NOURISHES COMMUNITIES THROUGH FOOD, LIFE SKILLS AND JOB TRAINING.

  • FOR OVER 30 YEARS, FARESTART HAS SUPPORTED FOOD SECURITY ACROSS THE SEATTLE AREA WHILE PROVIDING JOB TRAINING OPPORTUNITIES FOR OUR STUDENTS. WE CONTRACT WITH NONPROFIT ORGANIZATIONS, SHELTERS, SCHOOLS AND DAYCARE CENTERS TO PROVIDE NUTRITIOUS, PREPARED MEALS TO MOSTLY FOOD INSECURE COMMUNITIES. WE ALSO OPERATE A MOBILE COMMUNITY MARKET THAT PROVIDES FRESH PRODUCE AND STAPLES TO UNDERSERVED COMMUNITIES IN SOUTH KING COUNTY. IN 2023, WE PROVIDED 862,965 PREPARED MEALS AND DISTRIBUTED 91,578 POUNDS OF PRODUCE TO CHILDREN, INDIVIDUALS AND FAMILIES.

    Expenses $7,142,239 · Grants $1,020,831 · Revenue $2,048,853

  • OUR FOOD-BASED SOCIAL ENTERPRISE BUSINESSES (CAFES AND A CONTRACT COMMUNITY MEALS PROGRAM) SERVE AS CLASSROOMS WHERE STUDENTS GAIN ON-THE-JOB SKILLS THAT PREPARE THEM FOR JOBS IN AND BEYOND THE CULINARY INDUSTRY. STUDENTS LEARN AND HONE THESE SKILLS WHILE BEING IN A SUPPORTIVE ENVIRONMENT THAT INCLUDES WRAPAROUND SOCIAL SERVICES SUCH AS HOUSING, MENTAL HEALTH SUPPORT, TRANSPORTATION AND MORE. IN 2023, WE SERVED 745 INDIVIDUALS. 237 STUDENTS ENROLLED ACROSS OUR JOB TRAINING PROGRAMS AND 173 STUDENTS GRADUATED. THERE WERE 85 JOB PLACEMENTS OR PROMOTIONS AND 30 HIGH SCHOOL STUDENTS EARNED HIGH SCHOOL CREDIT.

    Expenses $5,675,028 · Grants $601,034 · Revenue $504,580

  • FARESTART PROVIDES CONSULTING, TRAINING, AND RESOURCES TO NONPROFIT ORGANIZATIONS AND OPPORTUNITY EMPLOYERS ACROSS THE UNITED STATES. IN 2023, 44 ORGANIZATIONS WERE SUPPORTED.

    Expenses $900,095 · Revenue $233,949

As filed on the 2023 return.

Listed in Part VII

  • Diamatris Winston

    CFO

    Total calculated
    $247,317
    From this org
    $239,663
    From related orgs
    $0
    Other
    $7,654
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $239,663
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $7,654
    Filer's total
    $247,317
  • Carlin Llorente

    CHIEF PROGRA

    Total calculated
    $204,950
    From this org
    $195,671
    From related orgs
    $0
    Other
    $9,279
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,671
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,831
    Nontaxable benefits
    $1,448
    Filer's total
    $204,950
  • Nicole Moon

    SNR VP PPL &

    Total calculated
    $189,079
    From this org
    $175,568
    From related orgs
    $0
    Other
    $13,511
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,568
    Bonus
    not reported
    Other
    not reported
    Deferred
    $5,885
    Nontaxable benefits
    $7,626
    Filer's total
    $189,079
  • Megan Hampson

    CDO

    Total calculated
    $188,676
    From this org
    $175,419
    From related orgs
    $0
    Other
    $13,257
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,419
    Bonus
    not reported
    Other
    not reported
    Deferred
    $5,365
    Nontaxable benefits
    $7,892
    Filer's total
    $188,676
  • Margaret Viera

    DIR CMNTY IN

    Total calculated
    $186,563
    From this org
    $172,081
    From related orgs
    $0
    Other
    $14,482
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,081
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,927
    Nontaxable benefits
    $7,555
    Filer's total
    $186,563
  • Patrick D'Amelio

    CEO

    Total calculated
    $181,573
    From this org
    $171,995
    From related orgs
    $0
    Other
    $9,578
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,995
    Bonus
    not reported
    Other
    not reported
    Deferred
    $3,231
    Nontaxable benefits
    $6,347
    Filer's total
    $181,573
  • Stephanie Schoo

    DIR MARKETIN

    Total calculated
    $181,573
    From this org
    $167,420
    From related orgs
    $0
    Other
    $14,153
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,420
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,740
    Nontaxable benefits
    $7,413
    Filer's total
    $181,573
  • Nicole Trimble

    INTERIM CEO

    Total calculated
    $162,079
    From this org
    $158,463
    From related orgs
    $0
    Other
    $3,616
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,463
    Bonus
    not reported
    Other
    not reported
    Deferred
    $3,141
    Nontaxable benefits
    $475
    Filer's total
    $162,079
  • Brian Slegel

    DIRECTOR OF

    Total calculated
    $164,902
    From this org
    $151,219
    From related orgs
    $0
    Other
    $13,683
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,219
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,111
    Nontaxable benefits
    $7,572
    Filer's total
    $164,902
  • Renee Martin

    VP CONSULTIN

    Total calculated
    $159,953
    From this org
    $146,778
    From related orgs
    $0
    Other
    $13,175
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,778
    Bonus
    not reported
    Other
    not reported
    Deferred
    $5,933
    Nontaxable benefits
    $7,242
    Filer's total
    $159,953
  • Ryan Dean

    COO

    Total calculated
    $139,543
    From this org
    $132,484
    From related orgs
    $0
    Other
    $7,059
    Hours/week
    40
  • Erika Van Merr

    DIR INSTITUN

    Total calculated
    $126,617
    From this org
    $120,621
    From related orgs
    $0
    Other
    $5,996
    Hours/week
    40
  • Lauren Young

    DIR INDIVIDU

    Total calculated
    $130,431
    From this org
    $115,745
    From related orgs
    $0
    Other
    $14,686
    Hours/week
    40
  • Elizabeth James

    ASSOC DIR CO

    Total calculated
    $122,740
    From this org
    $111,918
    From related orgs
    $0
    Other
    $10,822
    Hours/week
    40
  • Amberine Wilson

    DIR WORKFORC

    Total calculated
    $120,353
    From this org
    $109,899
    From related orgs
    $0
    Other
    $10,454
    Hours/week
    40
  • Serae Wright

    CPIO

    Total calculated
    $67,339
    From this org
    $63,867
    From related orgs
    $0
    Other
    $3,472
    Hours/week
    40
  • Angela Dunleavy-Stowell

    CEO (END)

    Total calculated
    $21,779
    From this org
    $20,906
    From related orgs
    $0
    Other
    $873
    Hours/week
    40
  • Janice Javier

    CHAIR

    Total calculated
    $0
    Hours/week
    3
  • Julaine Smith

    TREASURER

    Total calculated
    $0
    Hours/week
    3
  • Sue Bevington

    SECRETARY

    Total calculated
    $0
    Hours/week
    3
  • Tricia McKay Lincoln

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • Michael Pickett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • Bettina Stix

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • Michelle Burns

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • Dani Cone

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • Laila Elias PhD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • Srilata Remala

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • Brian Surratt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • Kat Korab

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • Walter Euyang

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • Ed Goines

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • Peter Guyer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • Todd Korman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • Justin Booker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • Claudia Leslie

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • FARESTART PROPERTIES LLC

    REAL PROP · WA · assets $7,203,754

    Directly controlled by FARESTART

Provenance

Return type
form_990
Tax year
2023
Filed
7 November 2024
IRS schema version
2023v5.0
Source object
202443169349303214

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