Refuge for Women

The information on this page was last updated 2/22/2023. If you see errors or omissions, please email: [email protected]


Summary

Refuge for Women is a non-profit, faith based organization providing specialized long-term housing and emergency housing for women who have escaped human trafficking or sexual exploitation. With multiple locations across the U.S., Refuge for Women offers up to twelve months of safe housing, at no charge to the resident, with around the clock care as clients progress through evidence-based, trauma-informed programming. We strive to help each woman complete the program with a vision for her future, equipped to succeed and sustain a life marked with dignity and hope.


Contact information

Mailing address:
Refuge for Women
342 Waller Ave
Suite D
Lexington, KY 40504

Website: refugeforwomen.org

Phone:

Email: [email protected]


Organization details

EIN: 264388243

CEO/President: Nikki Instone

Chairman: David Diers

Board size: 6

Founder: Ked and Michelle Frank

Ruling year: 2010

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2016


Purpose

Vision: That every woman who is sexually exploited will have the hope, support, and tools needed to pursue her dreams and live a life of freedom.


Mission statement

To empower sexually exploited women to live a life of freedom through faith-based, residential healing programs.


Statement of faith

We believe in one God who is Father, Son and Holy Spirit. Matthew 3:16-17, 28:19-20 John 14:910

We believe God is Creator, Sustainer and Ruler of all things. Genesis 1:1 Acts 17:2428, Colossians 1:13-20

We believe in Jesus Christ, perfectly God and perfectly human, God's only Son and Savior of the world. John 3:16 Matthew 1:18 John 20:2431, Hebrews 1:1-4, 2:17-18

We believe the Holy Spirit dwells within each believer so that they may dwell in unity with Christ and other believers as well as produce good fruit. John 16:5-16; Ephesians 4:1-6; Galatians 5:22-26

We believe the Bible is the inspired Word of God and the final authority for all matters of faith and practice. Romans 15:4 Hebrews 4:12 2 Timothy 3:16

We believe that humanity willfully sinned and as a result is lost and without hope apart from Jesus Christ. Acts 4:12 Romans 3:23 1 John 1:7

We believe Jesus Christ has by his death on the cross made atonement for all so that each one who believes may be saved and receive the gift of eternal life. Matthew 26:28 Romans 5:811 Ephesians 2:89, John 3:16-17

We believe salvation comes through the person of Jesus Christ, repentance of sin, acknowledgment of Christ as Lord, and union to the church as the body of Christ. Luke 24:4547 Acts 2:38 Romans 6:17, 10:10-17 2 Peter 3:9; Ephesians 4:1-7

We believe in a final judgement of all humanity and that each person will be accorded eternal life or death according to the Word of God. Romans 8:1011 Daniel 12:2 John 6:47; 1 Corinthians 15:51-57, Revelations 20:11- 15

Donor confidence score

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Transparency grade

A

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Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating969 of 1104103 of 122
Fund acquisition rating974 of 1105100 of 122
Resource allocation rating839 of 110597 of 122
Asset utilization rating662 of 110469 of 122

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%13%6%9%16%11%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%11%6%8%13%9%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%85%97%85%84%87%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%12%9%10%17%11%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%15%3%15%16%13%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%74%74%71%66%73%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%94%74%80%80%85%
Program output ratio Program output ratio =
Program services /
Total revenue
75%69%55%57%53%62%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%6%26%20%20%15%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
5%8%35%25%24%19%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%14%17%19%17%16%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.840.810.700.700.970.86
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.742.582.522.892.432.50
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.722.091.762.012.362.14
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
14.0720.5822.913.058128.522.33
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.050.040.330.000.43
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.275.466.514.015.083.20
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%29%28%30%0%17%
Debt ratio Debt ratio =
Debt /
Total assets
0%24%26%19%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
101%88%103%101%103%97%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$2,159,401$2,017,503$1,378,325$896,936$787,715
Receivables, inventories, prepaids$149,667$143,435$16,762$5,330$13,874
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$2,309,068$2,160,938$1,395,087$902,266$801,589
Long-term investments$0$0$0$0$0
Fixed assets$3,344,992$3,268,670$2,524,856$1,284,860$1,202,534
Other long-term assets$309,710$12,446$112,000$5,100$0
Total long-term assets$3,654,702$3,281,116$2,636,856$1,289,960$1,202,534
Total assets$5,963,770$5,442,054$4,031,943$2,192,226$2,004,123
 
Liabilities20222021202020192018
Payables and accrued expenses$112,174$94,330$457,830$111$344,024
Other current liabilities$0$0$0$0$0
Total current liabilities$112,174$94,330$457,830$111$344,024
Debt$1,413,777$1,427,293$756,021$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$186,512$0$0$0$0
Total long-term liabilities$1,600,289$1,427,293$756,021$0$0
Total liabilities$1,712,463$1,521,623$1,213,851$111$344,024
 
Net assets20222021202020192018
Without donor restrictions$4,068,657$3,704,931$2,802,592$2,192,115$1,606,737
With donor restrictions$182,650$215,500$15,500$0$53,362
Net assets$4,251,307$3,920,431$2,818,092$2,192,115$1,660,099
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$4,401,885$5,025,146$2,965,690$2,233,501$1,769,311
Program service revenue$39,598$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$709,209$42$66,283$22$75
Other revenue$7,006$141,699$468,854$420,344$255,861
Total other revenue$755,813$141,741$535,137$420,366$255,936
Total revenue$5,157,698$5,166,887$3,500,827$2,653,867$2,025,247
 
Expenses20222021202020192018
Program services$3,557,066$2,832,845$1,990,121$1,411,056$1,245,983
Management and general$691,971$648,501$533,114$363,850$278,277
Fundraising$577,785$325,331$280,427$356,950$192,310
Total expenses$4,826,822$3,806,677$2,803,662$2,131,856$1,716,570
 
Change in net assets20222021202020192018
Surplus (deficit)$330,876$1,360,210$697,165$522,011$308,677
Other changes in net assets$0$0$0$0$0
Total change in net assets$330,876$1,360,210$697,165$522,011$308,677

Compensation

NameTitleCompensation
Ked FrankPresident$92,451
Leslie Nikki InstoneInterim Executive Director$74,024
Suzanna Jade CookFinance Manager$34,585

Compensation data as of: 12/31/2022


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 2/22/2023. To update the information below, please email: [email protected]


History

Refuge for Women, Incorporate, a 501(c)3 organization, formed in January, 2009 in Lexington, KY, and was founded by Ked and Michelle Frank. During the time prior to starting Refuge, Ked had a series of pivotal conversations with the leader of a group doing outreach to women in local strip clubs. Although the outreach had been ongoing for three years, the women who wanted help with escaping had no long-term places to go. In response to this need, Refuge for Women opened its first location in Kentucky in 2009. It is a non-profit, faith-based organization that provides long-term care for women who are survivors of human trafficking and sexual exploitation, offering them a new beginning. Since that time, Refuge for Women has served more than 100 women and received $3 million in donations contributed by more than 3,000 supporters.


Program accomplishments


Needs