Fairbanks Rescue Mission

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 9/28/2021. To update the information in this column, please email: info@ministrywatch.com


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: development@fairbanksrescuemission.org


Organization details

EIN: 237326856

CEO/President: Pete Kelly

Chairman: Rocky McDonald

Board size: 6

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

Guiding Beliefs-All people are created by God, deserving dignity and respect. Pure religion is to reach out to the homeless and the loveless. The Holy Spirit has the power to changes lives.

Transparency grade

D

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating654 of 940113 of 160
Fund acquisition rating477 of 94284 of 160
Resource allocation rating440 of 94275 of 160
Asset utilization rating788 of 940141 of 160

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%11%9%9%8%10%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%8%7%7%7%9%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
91%80%80%81%89%90%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
10%9%8%7%10%8%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
9%20%20%19%11%10%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%80%81%82%80%79%
Spending ratio Spending ratio =
Total expenses /
Total revenue
95%96%88%97%74%107%
Program output ratio Program output ratio =
Program services /
Total revenue
75%77%72%80%59%84%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
5%4%12%3%26%-7%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
4%2%5%1%13%-3%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%11%11%10%10%13%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.580.330.350.370.360.41
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.767.177.0510.1911.8112.81
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.242.372.483.754.235.20
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.146.353.714.264.403.50
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.160.270.230.230.29
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.454.263.532.452.191.65
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%2%4%2%2%2%
Debt ratio Debt ratio =
Debt /
Total assets
1%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
141%296%273%265%274%241%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$668,471$726,670$437,327$379,628$307,554
Receivables, inventories, prepaids$122,121$78,771$83,602$68,592$52,878
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$790,592$805,441$520,929$448,220$360,432
Long-term investments$0$0$0$0$0
Fixed assets$4,624,942$4,596,953$4,464,383$4,443,235$4,257,980
Other long-term assets$256,548$278,181$324,354$401,919$0
Total long-term assets$4,881,490$4,875,134$4,788,737$4,845,154$4,257,980
Total assets$5,672,082$5,680,575$5,309,666$5,293,374$4,618,412
 
Liabilities20202019201820172016
Payables and accrued expenses$89,195$116,936$122,371$101,912$102,925
Other current liabilities$35,357$100,449$0$0$0
Total current liabilities$124,552$217,385$122,371$101,912$102,925
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$124,552$217,385$122,371$101,912$102,925
 
Net assets20202019201820172016
Without donor restrictions$1,803,073$1,605,372$1,216,614$377,938$319,908
With donor restrictions$3,744,457$3,857,818$3,970,681$4,813,524$4,195,579
Net assets$5,547,530$5,463,190$5,187,295$5,191,462$4,515,487
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$1,576,092$1,828,673$1,626,959$2,288,907$1,579,811
Program service revenue$321,636$407,693$323,946$215,225$135,289
Membership dues$0$0$0$0$0
Investment income$10,279$1,831$16,356$2,225$1,233
Other revenue$51,638$36,602$45,640$67,736$41,702
Total other revenue$383,553$446,126$385,942$285,186$178,224
Total revenue$1,959,645$2,274,799$2,012,901$2,574,093$1,758,035
 
Expenses20202019201820172016
Program services$1,503,114$1,627,089$1,611,642$1,526,473$1,478,553
Management and general$206,181$212,864$205,313$190,690$238,447
Fundraising$166,010$158,951$139,117$180,955$156,366
Total expenses$1,875,305$1,998,904$1,956,072$1,898,118$1,873,366
 
Change in net assets20202019201820172016
Surplus (deficit)$84,340$275,895$56,829$675,975($115,331)
Other changes in net assets$0$0$0$0$0
Total change in net assets$84,340$275,895$56,829$675,975($115,331)

Compensation

NameTitleCompensation
Rodney GaskinsFormer Executive Director$99,192
Austin BrownInterim Executive Director$59,328

Compensation data as of: 3/31/2020


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 9/28/2021. To update the information below, please email: info@ministrywatch.com


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

2020 Shelter Impact:

20,267 shelter nights

44,589 meals


Needs