FareStart Rating Summary
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  • 1. NPI Evaluation of FareStart NPI Rating: BUY Evaluation as of 1/3/12 Analyst: Emily Wang www.nonprofitinvestor.org
  • 2. NPI Rating: BUYFareStart has achieved remarkable success in severalareas: training programs, restaurants and cafes, andcatering service. FareStart also has excellent financialsand focuses on effectively managing costs. FareStarthas reached a mature level of operations in the Seattlearea; as such, another area of contributionconsideration would be to support Catalyst Kitchens(which was launched by FareStart), which focuses on anation-wide effort of job training in the food serviceindustry. www.nonprofitinvestor.org
  • 3. FareStart: Strengths▲ Successful job placement record. In 2010, 195 adults enrolled in FareStart’s training program. Of those, 102 adults graduated (52%), with 99 finding employment (97%) from a diverse list of 59 employers. Roughly 80% of those adult graduates were still in their jobs after 90 days of employment.▲ Wide variety of culinary services. FareStart’s flagship is the FareStart Restaurant, open weekdays for lunch and for Guest Chef dinners on Thursday. FareStart Café serves as the training site for youth enrolled in the Barista Training and Education program. FareStart also caters special events and sells contract meals to Seattle area childcare centers and homeless shelters.▲ Serves as a model for other non-profit food-service organizations. FareStart helped launch and create Catalyst Kitchens, a nation-wide collaborative learning network of organizations that provide food- service job training. FareStart serves as a model www.nonprofitinvestor.org
  • 4. FareStart: Cautions● Funding concentration. Roughly 18% and 20% of FareStart’s unrestricted revenue for 2010 and 2009 were from governmental agencies. While these public contracts are spread over three governmental agencies, lack of governmental funds is still a source of funding risk.● Maturity in operations. Currently, FareStart has no visible plans to expand its organization outside of Seattle. Instead, it is leveraging its experience to expand Catalyst Kitchens nationwide. www.nonprofitinvestor.org
  • 5. More Information• Access the full research report for free here: nonprofitinvestor.org/FareStart• To provide feedback on the report, please either comment directly on our website or contact us directly: nonprofitinvestor.org/contact www.nonprofitinvestor.org
  • 6. About NPI• Nonprofit Investor publishes detailed, peer-reviewed evaluations of charities written by business leaders with due diligence expertise. All research reports are free to download: nonprofitinvestor.org/research• Follow NPI: – Twitter: @nonprofitinvest – Quora Blog: nonprofitinvestor.quora.com – Facebook: facebook.com/nonprofitinvestor• NPI is a 501(c)(3) charity (EIN: 45‐3627609) www.nonprofitinvestor.org