Fairbanks Rescue Mission

Summary

The Fairbanks Rescue Mission serves homeless men, women, and children from the Fairbanks North Star Borough community and the outlying rural areas. The Mission operates the only overnight men's and women's emergency shelter in Interior Alaska. Emergency services includes three hot meals, a bed each night, clothing, and a safe environment.


Contact information

Mailing address:
Fairbanks Rescue Mission
723 27th Ave
Fairbanks, AK 99701

Website: fairbanksrescuemission.org

Phone: 907-452-5343

Email: admin@fairbanksrescuemission.org


Organization details

EIN: 237326856

CEO/President: Pete Kelly

Chairman:

Board size: 8

Founder: James Barefoot and Ralph Pike

Year founded: 1973

Tax deductible: Yes

Fiscal year end: 03/31

Member of ECFA: No

Member of ECFA since:


Purpose

We pledge to reflect Christ in all we do. Love in practical, tangible ways. Be good stewards of God's resources.


Mission statement

We exist to serve Christ and our community by addressing the physical, spiritual, mental, emotional, and social well-being of all those whom God brings to our doors.


Statement of faith

Transparency grade

This ministry has not been assigned a transparency grade.

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating365 of 66051 of 91
Fund acquisition rating259 of 66238 of 91
Resource allocation rating244 of 66233 of 91
Asset utilization rating562 of 66083 of 91

Financial ratios

Funding ratiosSector median20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%9%8%10%8%14%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
9%7%7%9%7%12%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
90%81%89%90%87%89%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
9%7%10%8%7%9%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
10%19%11%10%13%11%
 
Operating ratiosSector median20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%82%80%79%80%76%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%97%74%107%109%132%
Program output ratio Program output ratio =
Program services /
Total revenue
78%80%59%84%87%101%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%3%26%-7%-9%-32%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%1%13%-3%-3%-7%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%10%10%13%14%14%
 
Investing ratiosSector median20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.570.370.360.410.330.29
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
4.2110.1911.8112.8114.4314.49
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.493.754.235.204.764.19
 
Liquidity ratiosSector median20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.984.264.403.504.394.75
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.230.230.290.230.21
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.212.452.191.651.952.26
 
Solvency ratiosSector median20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%2%2%2%2%1%
Debt ratio Debt ratio =
Debt /
Total assets
1%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
147%265%274%241%298%341%

Financials

Balance sheet
 
Assets20182017201620152014
Cash$437,327$379,628$307,554$253,896$246,129
Receivables, inventories, prepaids$83,602$68,592$52,878$72,257$87,466
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$520,929$448,220$360,432$326,153$333,595
Long-term investments$0$0$0$0$0
Fixed assets$4,464,383$4,443,235$4,257,980$4,378,988$4,501,350
Other long-term assets$324,354$401,919$0$0$0
Total long-term assets$4,788,737$4,845,154$4,257,980$4,378,988$4,501,350
Total assets$5,309,666$5,293,374$4,618,412$4,705,141$4,834,945
 
Liabilities20182017201620152014
Payables and accrued expenses$122,371$101,912$102,925$74,323$70,183
Other current liabilities$0$0$0$0$0
Total current liabilities$122,371$101,912$102,925$74,323$70,183
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$0$0$0$0$0
Total liabilities$122,371$101,912$102,925$74,323$70,183
 
Net assets20182017201620152014
Unrestricted$1,216,614$377,938$319,908$321,757$342,857
Temporarily restricted$3,964,347$4,807,553$4,189,897$4,302,678$4,415,484
Permanently restricted$6,334$5,971$5,682$6,383$6,421
Net assets$5,187,295$5,191,462$4,515,487$4,630,818$4,764,762
 
Revenues and expenses
 
Revenue20182017201620152014
Total contributions$1,626,959$2,288,907$1,579,811$1,231,890$943,056
Program service revenue$323,946$215,225$135,289$153,582$75,651
Membership dues$0$0$0$0$0
Investment income$16,356$2,225$1,233$1,717$7,575
Other revenue$45,640$67,736$41,702$30,902$29,299
Total other revenue$385,942$285,186$178,224$186,201$112,525
Total revenue$2,012,901$2,574,093$1,758,035$1,418,091$1,055,581
 
Expenses20182017201620152014
Program services$1,611,642$1,526,473$1,478,553$1,238,285$1,065,032
Management and general$205,313$190,690$238,447$212,477$201,622
Fundraising$139,117$180,955$156,366$101,273$129,627
Total expenses$1,956,072$1,898,118$1,873,366$1,552,035$1,396,281
 
Change in net assets20182017201620152014
Surplus (deficit)$56,829$675,975($115,331)($133,944)($340,700)
Other changes in net assets$0$0$0$0$0
Total change in net assets$56,829$675,975($115,331)($133,944)($340,700)

Response from ministry

No response has been provided by this ministry.


History

The Fairbanks Rescue Mission was incorporated in November of 1973 and opened the original mission shelter in February 1974 (on Valentine's Day). The first Chairman of the Board was James Barefoot. The Vice-Chairman was Ralph Pike, who was to become the Executive Director of the Rescue Mission for a total of thirteen years. Barefoot, Pike, and the rest of the Board of Directors guided the Mission through those formative years and have watched it become a stable door of evangelism and Christian service in the Fairbanks community. The Mission operates the only overnight emergency shelter for men, women, and children in Interior Alaska, and, therefore, has a key role to play in the life of our community. In April of 2000, work was started on a new 41,000 square foot building at 723 27th Avenue. We moved into the new building in January of 2001 and it was dedicated in May of 2001. We are licensed to have 100 beds for men and 60 beds for women. Some of the new areas that we can serve with this building are men with children and women with older boy's' - areas that were not available before. This building was a gift from Dennis and Mary Wise, for those in need in the Fairbanks area. If you are one of the supporters of the Mission, know that without you this work would not exist. God Bless you.


Program accomplishments


Needs