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
Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Rescue Missions/Homeless Shelters
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 139 of 1117 | 20 of 138 |
| Fund acquisition rating | | 141 of 1118 | 7 of 138 |
| Resource allocation rating | | 152 of 1118 | 21 of 138 |
| Asset utilization rating | | 592 of 1117 | 81 of 138 |
According to the organization's Form 990, it received $2,050,886 in government grants in 2023.
Financial ratios
| Funding ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 12% | 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 ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Program expense ratio Program expense ratio = Program services / Total expenses | 80% | 86% | 80% | 79% | 80% | 81% |
Spending ratio Spending ratio = Total expenses / Total revenue | 95% | 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 | 5% | 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 ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.53 | 0.52 | 0.44 | 0.39 | 0.33 | 0.35 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.95 | 4.09 | 3.88 | 3.90 | 7.17 | 7.05 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.75 | 2.12 | 1.69 | 1.51 | 2.37 | 2.48 |
| Liquidity ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Current ratio Current ratio = Total current assets / Total current liabilities | 13.50 | 24.57 | 10.81 | 7.78 | 6.35 | 3.71 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.04 | 0.09 | 0.13 | 0.16 | 0.27 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.33 | 5.44 | 6.45 | 6.95 | 4.26 | 3.53 |
| Solvency ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 9% | 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 | |||||
| Assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| 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 |
| Liabilities | 2023 | 2022 | 2021 | 2020 | 2019 |
| 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 assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| 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 | |||||
| Revenue | 2023 | 2022 | 2021 | 2020 | 2019 |
| 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 |
| Expenses | 2023 | 2022 | 2021 | 2020 | 2019 |
| 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 assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| 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
| Name | Title | Compensation |
| Peter Kelly | CEO | $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