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

D

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating415 of 76791 of 146
Fund acquisition rating320 of 76868 of 146
Resource allocation rating246 of 76860 of 146
Asset utilization rating642 of 767132 of 146

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%9%9%8%10%8%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%7%7%7%9%7%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
90%80%81%89%90%87%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
9%8%7%10%8%7%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
10%20%19%11%10%13%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%81%82%80%79%80%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%88%97%74%107%109%
Program output ratio Program output ratio =
Program services /
Total revenue
75%72%80%59%84%87%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%12%3%26%-7%-9%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%5%1%13%-3%-3%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%11%10%10%13%14%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.620.350.370.360.410.33
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.897.0510.1911.8112.8114.43
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.532.483.754.235.204.76
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.703.714.264.403.504.39
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.270.230.230.290.23
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.233.532.452.191.651.95
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%4%2%2%2%2%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
140%273%265%274%241%298%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$726,670$437,327$379,628$307,554$253,896
Receivables, inventories, prepaids$78,771$83,602$68,592$52,878$72,257
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$805,441$520,929$448,220$360,432$326,153
Long-term investments$0$0$0$0$0
Fixed assets$4,596,953$4,464,383$4,443,235$4,257,980$4,378,988
Other long-term assets$278,181$324,354$401,919$0$0
Total long-term assets$4,875,134$4,788,737$4,845,154$4,257,980$4,378,988
Total assets$5,680,575$5,309,666$5,293,374$4,618,412$4,705,141
 
Liabilities20192018201720162015
Payables and accrued expenses$116,936$122,371$101,912$102,925$74,323
Other current liabilities$100,449$0$0$0$0
Total current liabilities$217,385$122,371$101,912$102,925$74,323
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$217,385$122,371$101,912$102,925$74,323
 
Net assets20192018201720162015
Unrestricted$1,605,372$1,216,614$377,938$319,908$321,757
Temporarily restricted$3,849,025$3,964,347$4,807,553$4,189,897$4,302,678
Permanently restricted$8,793$6,334$5,971$5,682$6,383
Net assets$5,463,190$5,187,295$5,191,462$4,515,487$4,630,818
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$1,828,673$1,626,959$2,288,907$1,579,811$1,231,890
Program service revenue$407,693$323,946$215,225$135,289$153,582
Membership dues$0$0$0$0$0
Investment income$1,831$16,356$2,225$1,233$1,717
Other revenue$36,602$45,640$67,736$41,702$30,902
Total other revenue$446,126$385,942$285,186$178,224$186,201
Total revenue$2,274,799$2,012,901$2,574,093$1,758,035$1,418,091
 
Expenses20192018201720162015
Program services$1,627,089$1,611,642$1,526,473$1,478,553$1,238,285
Management and general$212,864$205,313$190,690$238,447$212,477
Fundraising$158,951$139,117$180,955$156,366$101,273
Total expenses$1,998,904$1,956,072$1,898,118$1,873,366$1,552,035
 
Change in net assets20192018201720162015
Surplus (deficit)$275,895$56,829$675,975($115,331)($133,944)
Other changes in net assets$0$0$0$0$0
Total change in net assets$275,895$56,829$675,975($115,331)($133,944)

Compensation

NameTitleCompensation
Rodney GaskinsExecutive Director$105,000

Compensation data as of: 3/31/2019


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