Fairbanks Rescue Mission

The information on this page was last updated 10/24/2024. If you see errors or omissions, please email: [email protected]


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: 907-331-6292

Email: [email protected]


Organization details

EIN: 237326856

CEO/President: Pete Kelly

Chairman: Rocky MacDonald

Board size: 6

Founder: James Barefoot and Ralph Pike

Ruling year: 1973

Tax deductible: Yes

Fiscal year end: 06/30

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.

Donor confidence score

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Transparency grade

D

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating155 of 111019 of 138
Fund acquisition rating140 of 11117 of 138
Resource allocation rating168 of 111118 of 138
Asset utilization rating607 of 111080 of 138

According to the organization's Form 990, it received $2,050,886 in government grants in 2023.


Financial ratios

Funding ratiosSector median20232022202120202019
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%2%4%9%11%9%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
10%2%4%8%8%7%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%89%89%86%80%80%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
11%2%3%9%9%8%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%11%11%14%20%20%
 
Operating ratiosSector median20232022202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%86%80%79%80%81%
Spending ratio Spending ratio =
Total expenses /
Total revenue
94%92%106%83%96%88%
Program output ratio Program output ratio =
Program services /
Total revenue
75%79%86%65%77%72%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
6%8%-6%17%4%12%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
5%5%-3%8%2%5%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%12%16%12%11%11%
 
Investing ratiosSector median20232022202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.530.520.440.390.330.35
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.954.093.883.907.177.05
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.772.121.691.512.372.48
 
Liquidity ratiosSector median20232022202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
12.9124.5710.817.786.353.71
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.040.090.130.160.27
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.035.446.456.954.263.53
 
Solvency ratiosSector median20232022202120202019
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%1%2%3%2%4%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
154%191%224%250%296%273%

Financials

Balance sheet
 
Assets20232022202120202019
Cash$1,150,481$1,456,442$1,403,606$668,471$726,670
Receivables, inventories, prepaids$347,241$110,770$205,215$122,121$78,771
Short-term investments$51,998$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$1,549,720$1,567,212$1,608,821$790,592$805,441
Long-term investments$0$0$0$0$0
Fixed assets$4,691,043$4,362,031$4,488,732$4,624,942$4,596,953
Other long-term assets$103,791$150,256$174,332$256,548$278,181
Total long-term assets$4,794,834$4,512,287$4,663,064$4,881,490$4,875,134
Total assets$6,344,554$6,079,499$6,271,885$5,672,082$5,680,575
 
Liabilities20232022202120202019
Payables and accrued expenses$63,065$144,952$112,952$89,195$116,936
Other current liabilities$0$0$93,855$35,357$100,449
Total current liabilities$63,065$144,952$206,807$124,552$217,385
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$5,150$0$0
Total long-term liabilities$0$0$5,150$0$0
Total liabilities$63,065$144,952$211,957$124,552$217,385
 
Net assets20232022202120202019
Without donor restrictions$1,301,464$954,522$2,426,208$1,803,073$1,605,372
With donor restrictions$4,980,025$4,980,025$3,633,720$3,744,457$3,857,818
Net assets$6,281,489$5,934,547$6,059,928$5,547,530$5,463,190
 
Revenues and expenses
 
Revenue20232022202120202019
Total contributions$3,161,469$2,200,475$2,521,890$1,576,092$1,828,673
Program service revenue$16,118$270,778$349,657$321,636$407,693
Membership dues$0$0$0$0$0
Investment income$3,907$2,287$12,734$10,279$1,831
Other revenue$388,768$12,301$50,263$51,638$36,602
Total other revenue$408,793$285,366$412,654$383,553$446,126
Total revenue$3,570,262$2,485,841$2,934,544$1,959,645$2,274,799
 
Expenses20232022202120202019
Program services$2,829,220$2,127,946$1,906,672$1,503,114$1,627,089
Management and general$391,296$431,595$289,067$206,181$212,864
Fundraising$60,261$87,350$226,407$166,010$158,951
Total expenses$3,280,777$2,646,891$2,422,146$1,875,305$1,998,904
 
Change in net assets20232022202120202019
Surplus (deficit)$289,485($161,050)$512,398$84,340$275,895
Other changes in net assets$0$0$0$0$0
Total change in net assets$289,485($161,050)$512,398$84,340$275,895

Compensation

NameTitleCompensation
Peter KellyCEO$102,981

Compensation data as of: 6/30/2023


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 10/24/2024. To update the information below, please email: [email protected]


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

2023 Impact:
57,453 meals
46,972 pounds of food donated
3,034 volunteer hours
31,145 bed nights


Needs