Farestart

“A draft copy of the form 990 is reviewed by the executive director and the chief finance officer prior to the tax return being completed by the outside cpa. A copy of the final form 990 is provided to the board of directors via email prior to filing the tax return.”

“The organization does not allow members of the board of directors who have conflicts of interest related to a specific issue to vote on that issue.”

“The executive committee completes a 360-degree performance review and uses an outside survey source (the united way of king county salary survey of non-profits) for the region. The committee then discusses the performance of the executive director and decides on the salary as a group. The executive director does not participate in these discussions or decisions. The executive committee then meets with the executive director to discuss the performance evaluation and the salary adjustment.”

“All other employees participate in an annual and mid-year review and calibration process. Feedback is sought from direct reports and peers and salary increases are based on merit and market analysis.”

“The organization makes its annual audited financial statements and form 990 available to the general public on its website. All other documents, such as: conflict of interest policy; organizational documents; form 1023; and interim financial information, are made available at the organization's administrative office upon request.”

“Farestart provides a community that transforms lives by empowering homeless and disadvantaged men, women and families to achieve self-sufficiency through life skills, job training and employment in the food service industry.”

“In 2013, farestart received a 1,500,000 grant to redistribute through the national network. This grant was awarded in 2013 and was mostly distributed in 2014 with the remaining to be distributed in 2015. The impact on reporting is as follows: part x, line 3: decrease in grant receivable part x, line 28: decrease in temporarily restricted net assets part xi, line 9: decrease in other changes in net assets this trend will continue in 2015 as the remaining funds are disbursed.”

“Education program in partnership with youthcare. Farestart's kitchens produced and served more than 676,000 meals to those in need in our community, including area shelters and low-income day care centers and schools. Through our national network, catalyst kitchens, we worked with 65 member programs that provide job training to individuals with barriers to employment across the u.s., canada, and united kingdom.”

“Line 9 explanation: decrease in temporarily restricted net assets due to re-granting activity described earlier.”