Farestart
- Assets
- $20.4m
- Revenue
- $19.1m
- Investments
- $0.0
- Employees
- 222
- Location
- Seattle, WA
- Founding
- 06/1992
- Data as of
- 12/2023
- EIN
- 91-1546757
Organization Overview
Farestart is located in Seattle, WA. The organization was established in 1992. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2023, Farestart employed 222 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Farestart is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Farestart generated $19.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $18.2m during the year ending 12/2023. While expenses have increased by 4.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Farestart has awarded 97 individual grants totaling $2,803,851. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FARESTART TRANSFORMS LIVES, DISRUPTS POVERTY AND NOURISHES COMMUNITIES THROUGH FOOD, LIFE SKILLS AND JOB TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
FARESTART PROVIDES CONSULTING, TRAINING, AND RESOURCES TO NONPROFIT ORGANIZATIONS AND OPPORTUNITY EMPLOYERS ACROSS THE UNITED STATES. IN 2023, 44 ORGANIZATIONS WERE SUPPORTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diamatris Winston CFO | Officer | 40 | $239,663 |
Carlin Llorente Chief Progra | Officer | 40 | $195,671 |
Nicole Moon Snr VP Ppl & | Officer | 40 | $175,568 |
Megan Hampson Cdo | Officer | 40 | $175,419 |
Margaret Viera Dir Cmnty In | Officer | 40 | $172,081 |
Patrick D'amelio CEO | Officer | 40 | $171,995 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Isoutsource It Support | 12/30/23 | $308,508 |
Unfiltered Views Llc Data Analytics | 12/30/23 | $100,076 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,900,578 |
| Related organizations | $0 |
| Government grants | $5,413,155 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,390,115 |
| Noncash contributions included in lines 1a–1f | $1,216,995 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,703,848 |
| Total Program Service Revenue | $233,949 |
| Investment income | $80,775 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$530,501 |
| Net Income from Gaming Activities | $21,952 |
| Net Income from Sales of Inventory | $2,553,433 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,063,456 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,621,865 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,824,755 |
| Compensation of current officers, directors, key employees. | $822,246 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,110,369 |
| Pension plan accruals and contributions | $218,627 |
| Other employee benefits | $1,213,855 |
| Payroll taxes | $1,070,363 |
| Fees for services: Management | $45,920 |
| Fees for services: Legal | $121,722 |
| Fees for services: Accounting | $56,009 |
| Fees for services: Lobbying | $49,000 |
| Fees for services: Fundraising | $4,575 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $847,983 |
| Advertising and promotion | $12,920 |
| Office expenses | $60,297 |
| Information technology | $329,886 |
| Royalties | $0 |
| Occupancy | $852,364 |
| Travel | $42,146 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28,175 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $463,578 |
| Insurance | $145,847 |
| All other expenses | $654,270 |
| Total functional expenses | $18,232,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,891,844 |
| Savings and temporary cash investments | $474,965 |
| Pledges and grants receivable | $7,259,597 |
| Accounts receivable, net | $675,728 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $38,580 |
| Prepaid expenses and deferred charges | $171,465 |
| Net Land, buildings, and equipment | $8,018,099 |
| Investments—publicly traded securities | $535,705 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $303,241 |
| Total assets | $20,369,224 |
| Accounts payable and accrued expenses | $1,350,838 |
| Grants payable | $0 |
| Deferred revenue | $101,012 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $314,360 |
| Total liabilities | $1,766,210 |
| Net assets without donor restrictions | $13,085,487 |
| Net assets with donor restrictions | $5,517,527 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $20,369,224 |
Grants Awarded
Over the last fiscal year, Farestart has awarded $1,688,850 in support to 53 organizations.
| Grant Recipient | Amount |
|---|---|
BREAD LINE INC PURPOSE: MEALS | $22,400 |
BREAKING BREAD FOODS INC PURPOSE: MEALS | $12,000 |
CATHOLIC CHARITIES OF ST PAUL PURPOSE: MEALS | $36,000 |
CATHOLIC CHARITIES OF LOUISVILLE PURPOSE: MEALS | $20,000 |
CENTRAL TEXAS FOOD BANK PURPOSE: MEALS | $20,000 |
CHESTER COUNTY FOOD BANK PURPOSE: MEALS | $24,600 |