Farestart EIN 91-1546757

Farestart FY2020 filing

EIN  91-1546757 Public charity (501(c)(3)) Seattle, WA Founded 1992
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Verified accurate 7/19/26 · see original filing: IRS
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Size
$10–100M
What they do
Provides culinary job training, life skills, and food business consulting to help individuals overcome poverty and support communities nationwide.
Leadership
Angela Dunleavy-Stowell · CEO · $305K
Money in and out
$25.2M revenue, $22.3M expenses
Bottom line
78% program efficiency

Provides culinary job training, life skills, and food business consulting to help individuals overcome poverty and support communities nationwide. For fiscal year 2020 it reported $25.2M in revenue, $22.3M in expenses, and $17.0M in net assets.Pt I

Where the money goes · FY2020
Total revenue
$25.2M
Pt VIII · Ln 12
Total expenses
$22.3M
Pt IX · Ln 25
Net assets
$17.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2.9M
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.16 Fundraising $0.06
Program efficiency
78%
of spending reaches programs
Operating runway
6.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+11%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$25.2M
FY2020
Expenses
$22.3M
FY2020
Total assets
$23.3M
FY2020
Total liabilities
$6.3M
FY2020
Total revenue
$25.2M
Pt VIII · Ln 12
Total expenses
$22.3M
Pt IX · Ln 25
Net assets
$17.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2.9M
Total assetsPt X · Ln 16$23.3M
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 319
Independent voting membersPt I · Ln 419
Mission & Programs · Part III

Where the work happens

1 program service account for $17.4M of program spending, described in the organization's own filed words · FY2020.
01

Farestart engaged 197 applicants, enrolled 140, and facilitated 148 job placements in 2020 through the adult culinary, youth barista, youth culinary, and foodservice apprenticeship programs.

$17.4Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFarestart
EINHdr · item D91-1546757
Principal addressHdr · item CSeattle, WA
WebsiteHdr · item Jwww.farestart.org
Year of formationHdr · item L1992
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEmployment (J220)
Ruling yearIRS BMFJun 1992

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a19
Independent voting membersPt VI · Ln 1b19
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$305,437Pt VII · Sec A
$192,148Pt VII · Sec A
$180,590Pt VII · Sec A
$170,650Pt VII · Sec A
VP Enterpris
$154,801Pt VII · Sec A
Dir Food & B
$126,825Pt VII · Sec A
VP Catalyst
$122,785Pt VII · Sec A
Executive Ch
$116,619Pt VII · Sec A

Patrick D'Amelio’s $312K as CEO is at the 71st percentile of top reported officer pay among 415 $10–100M employment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Angela Dunleavy-Stowell$20,906$339,086$317,090$305,437
Patrick D'Amelio$312,099$171,995
Diamatris Winston$239,663$74,661
Ryan Dean$132,484$221,966$186,413$170,650
Megan Hampson$204,634$175,419$138,694$115,636
Margaret Viera$202,884$172,081$103,805
Nicole Moon$198,322$175,568
Carlin Llorente$187,420$195,671$195,908

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$18.5M · 73%
Program service revenue$6.7M · 26%
Contributions & grants73%$18.5M
Program service revenue26%$6.7M
Investment income$28K
Other revenue$13K
— government grantsLn 1e$688K
Total revenueLn 12$25.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.16 Fundraising $0.06
Program services78%$17.4M
Management & general16%$3.5M
Fundraising6%$1.4M
Total functional expensesLn 25$22.3M

Balance Sheet

Part X · end of year
CashLn 1$9.8M
Total assetsLn 16$23.3M
Total liabilitiesLn 26$6.3M
Total net assetsLn 32$17.0M
Months of cash on handcomputed5.3

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $11.5M · Operating expenses (Pt IX) $22.3M · Less non-cash grants $1.4M · Cash operating expenses/yr $20.9M
6.6 months
Where the money goes
Program services
Program services $17.4M · Total expenses $22.3M
78%
Management & General
Management & general $3.5M · Total expenses $22.3M
16%
Fundraising
Fundraising $1.4M · Total expenses $22.3M
6%
Cost to raise $1
Fundraising expense $1.4M · Solicited contributions $17.8M
$0.08 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $18.5M · Total revenue $25.2M
73%
Government reliance
Government grants $688K · Total revenue $25.2M
3%
Earned-income share
Program service revenue $6.7M · Total revenue $25.2M
26%
Investment reliance
Investment income $28K · Total revenue $25.2M
0%
Program self-sufficiency
Program service revenue $6.7M · Total expenses $22.3M
30%
Growth & trend
Revenue growth (YoY)
This year $25.2M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $17.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $25.2M · Expenses $22.3M
+11%
Liabilities-to-Assets
Total liabilities — · Total assets $23.3M
Net-asset ratio
Net assets $17.0M · Total assets $23.3M
73%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.7M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $23.3M
7%
People & payroll
Highest Reported Total Compensation
Individual Angela Dunleavy-Stowell · Reported title CEO · Highest reported compensation $305K · Total expenses $22.3M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $11.5M · Total expenses $22.3M
52%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 16%
Fundraising cost ratio 8%
Legal fee ratio 0%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
See all 6 funders →
Grants paid · 58 grants · $4.2M · 2020–2024
Unitemized GrantFY2024$470,664
Unitemized GrantFY2024$353,883
Unitemized GrantFY2023$1,020,831
Unitemized GrantFY2023$601,034
Mission Edge San DiegoCA · FY2022$30,000
Tck Providence INCNC · FY2020$100,000
Second Helpings INCIN · FY2020$100,000
Foodlink INCNY · FY2020$100,000
The Dc Central Kitchen INCDC · FY2020$100,000
San Antonio Food Bank INCTX · FY2020$81,000
Trenton Area Soup KitchenNJ · FY2020$50,000
Kitchens for GoodCA · FY2020$48,500
YouthworksNM · FY2020$44,000
Umom New Day Centers INCAZ · FY2020$43,000
Community Kitchen PittsburghPA · FY2020$38,000
PhilabundancePA · FY2020$34,000
See all 58 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$14.7M revenue · ⤓ 990 PDF
FY2023$19.1M revenue · ⤓ 990 PDF
FY2022$17.0M revenue · ⤓ 990 PDF
FY2021$20.2M revenue · ⤓ 990 PDF
FY2020$25.2M revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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