Fairhaven Rescue Mission

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 311099653 ✦ Covington, KY ✦ Designated as a 501(c)(3)

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Overview

What is Fairhaven Rescue Mission?

Fairhaven Rescue Mission is a nonprofit organization situated in Covington, Kentucky. With a focus on assisting disadvantaged individuals, the mission provides housing, clothing, and food to the homeless and destitute people. Their primary goal is to teach these individuals how to become self-sufficient, addressing both their physical and spiritual needs. The organization, which employs 14 people, aims to support disadvantaged men, women, and children residing in Northern Kentucky.


Official website here: www.fairhavenmission.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 72%, Two-Star out of Four Star rating.

Fairhaven Rescue Mission has achieved a 72% score, which translates to a Two-Star rating. This rating indicates that while the organization demonstrates a reasonable level of accountability and finance management, there remains room for improvement, particularly in its impact measurement processes. The charity has scored well in several categories, including an impressive program expense ratio of 81.64% and full compliance with governance practices, such as having a fully independent board and established conflict of interest policies.

Strengths of Fairhaven Rescue Mission include its strong financial oversight, with no material diversion of assets and a low liabilities to assets ratio, suggesting financial stability. Additionally, the charity maintains transparency through its governance policies, which are crucial for donor trust. However, the absence of the tax form on the nonprofit's website marks a significant limitation in its transparency efforts, affecting its overall accountability score.

Overall, while Fairhaven Rescue Mission displays strengths in financial management and governance, its lower impact measurement score indicates a need for improvement in demonstrating the effectiveness of its programs. Enhancing transparency by making important documents readily available could further bolster its credibility with stakeholders and potential donors.


This AI summary has been generated from information found on Charity Navigator.

Is Fairhaven Rescue Mission legitimate?

Fairhaven Rescue Mission is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fairhaven Rescue Mission submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $477,386

For more financial information, click here


Official website here: www.fairhavenmission.org

What is the mission statement of Fairhaven Rescue Mission?

The Fairhaven Rescue Mission is dedicated to addressing the physical and spiritual needs of disadvantaged individuals, including men, women, and children, residing in Northern Kentucky. Their mission is to provide essential support and resources to these individuals, with a focus on teaching them self-sufficiency skills. A significant aspect of their work involves offering housing, clothing, and food to the homeless and destitute, aiming to equip them with the tools needed to support themselves.


Official website here: www.fairhavenmission.org

Who is the CEO of Fairhaven Rescue Mission?

Alan Johnson is the Board Member of Fairhaven Rescue Mission.


Official website here: www.fairhavenmission.org

What is the revenue of Fairhaven Rescue Mission?

Fairhaven Rescue Mission's revenue in 2022 was $1,367,391.


Official website here: www.fairhavenmission.org

Who are the executives of Fairhaven Rescue Mission and what are their salaries?

The average compensation at Fairhaven Rescue Mission during 2022 was $34,099. There are 14 employees and 1839 volunteers at Fairhaven Rescue Mission.


Here are 8 key members and their salaries:


Ronald Pegg (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Hall (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jay Knochel (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Stockman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cliff Daly (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tracy O' Keefe (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cameron Parker (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alan Johnson (Executive Director-Interim)
  • Compensation: $64,658
  • Related: $0
  • Other: $0


Official website here: www.fairhavenmission.org

Where can I find the form 990 for Fairhaven Rescue Mission?

Fairhaven Rescue Mission's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.fairhavenmission.org

Learn more at the official website: www.fairhavenmission.org

Mission Statement of Fairhaven Rescue Mission

Fairhaven Rescue Mission, a nonprofit organization, is dedicated to addressing the physical and spiritual needs of disadvantaged individuals in Northern Kentucky. The mission of this organization is twofold: it seeks to provide essential resources such as food, clothing, and shelter to those who are homeless or destitute, and it aims to teach these individuals the skills necessary to become self-sufficient. Through its Men's Ministry, Fairhaven Rescue Mission offers a home and support system to those in need, helping them regain their footing and rebuild their lives. The organization's efforts are not just about meeting immediate needs, but also about empowering individuals to take control of their own futures.

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Impact




October, 2024

Fairhaven Rescue Mission plays a vital role in the Covington, Kentucky community by addressing the physical and spiritual needs of disadvantaged men, women, and children. Through its dedicated men’s ministry, the organization offers essential services such as housing, clothing, and food to those who are homeless or in dire circumstances.

The impact of Fairhaven Rescue Mission extends beyond immediate support; it empowers individuals by teaching them how to sustain themselves, fostering independence and self-sufficiency. This holistic approach not only alleviates the plight of the homeless but also instills hope and purpose, helping them rebuild their lives and reintegrate into the community. By focusing on both the practical and spiritual facets of recovery, Fairhaven Rescue Mission cultivates resilience and a path toward a brighter future for many in Northern Kentucky.




This information is meant to be a general summary of Fairhaven Rescue Mission. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,367,391 (2022)
Expenses
$1,427,817 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $6,419
  • Program Service Revenue: $17,590
  • Gross Receipts: $1,377,804

Assets and Liabilities:

  • Total Assets: $1,404,704
  • Total Liabilities: $54,383
  • Net Assets: $1,350,321

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

THRIFT STORE

Revenue

$17,590

Organization Details

Founding Year

1984

Principal Officer

Alan Johnson

Main Address

PO BOX 761 260 PIKE STREET, COVINGTON, KY, 41012

NTEE Category

Code: L41 - Housing

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