Threshold Inc
- Assets
- $417.0k
- Revenue
- $28.0k
- Investments
- $0.0
- Employees
- 10
- Location
- Baltimore, MD
- Founding
- 02/1970
- Data as of
- 06/2021
- EIN
- 23-7055638
Organization Overview
Threshold Inc is located in Baltimore, MD. The organization was established in 1970. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, Threshold Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Threshold Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Threshold Inc generated $28.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (35.9%) each year. All expenses for the organization totaled $216.3k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THRESHOLD INC. IS TO TRANSFORM PREVIOUSLY INCARCERATED ADULT MALES TO PRODUCTIVE MEMBERS OF THE COMMUNITY BY PROVIDING REHABILITATIVE SERVICES INCLUDING SUBSTANCE ABUSE COUNSELING AND JOB TRAINING IN A RESIDENTIAL SETTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED PRE-RELEASE REHABILITATION FOR EX-OFFENDERS BY PROVIDING RE- ORIENTATION NEEDED FOR TRANSITIONING INTO THE COMMUNITY AS PRODUCTIVE CITIZENS.
PROVIDED HOUSING FOR EX-OFFENDERS IN ADDITION TO FOOD SERVICES THAT FEED THE CLIENTS WHO LIVE IN THE FACILITY FOR 4 TO 6 MONTHS.
PROVIDED SUBSTANCE ABUSE TREATMENT FOR ALL EX-OFFENDERS IN THE PROGRAM TO HELP THEM BETTER TRANSITION INTO THE COMMUNITY ONCE OUT ON THEIR OWN. THE OBJECTIVES ARE FOR THE CLIENTS TO RECEIVE SERVICES SUCH AS DRUG THERAPY, JOB TRAINING, COUNSELING AND FAMILY RELATIONSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlton Gordon President | OfficerTrustee | 1 | $0 |
Edward J Angeletti Vice Preside | OfficerTrustee | 1 | $0 |
Curtis Barnett Director | Trustee | 1 | $0 |
Stephen Hoffman Director | Trustee | 1 | $0 |
Thurston T Jones III Director | Trustee | 1 | $0 |
Pearl Molton Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,000 |
| Investment income | $1,986 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,992 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $83,865 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,233 |
| Payroll taxes | $7,331 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,619 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,807 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,524 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,037 |
| Interest | $2,127 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,989 |
| Insurance | $14,026 |
| All other expenses | $0 |
| Total functional expenses | $216,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,570 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,600 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,968 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $72,138 |
| Intangible assets | $33 |
| Other assets | $82,238 |
| Total assets | $417,011 |
| Accounts payable and accrued expenses | $10,320 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $268,976 |
| Other liabilities | $404 |
| Total liabilities | $279,700 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $137,311 |