Threshold Inc
- Assets
- $17.7m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 159
- Location
- West Bend, WI
- Founding
- 10/1969
- Data as of
- 12/2023
- EIN
- 39-1102430
Organization Overview
Threshold Inc is located in West Bend, WI. The organization was established in 1969. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 12/2023, Threshold Inc employed 159 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 12/2023, Threshold Inc generated $5.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $5.2m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROGRAMS/SERVICES FOR CHILDREN UNDER 3 AND ADULTS 18+ YEARS WITH DISABILITIES IN SOUTHEASTERN WI.
Describe the Organization's Program Activity:
DAY SERVICES - PROVIDES OPTIONS FOR YOUTH AND ADULTS WITH DISABILITIES TO ENJOY LEISURE ACTIVITIES OR WORK ON SKILL-BUILDING ACTIVITIES; SCHEDULED AFTER HOURS AND WEEKEND ACTIVITIES; SOCIAL, COMMUNITY, LEISURE AND RECREATION ACTIVITIES
COMMUNITY EMPLOYMENT - PROVIDES LIFE SKILLS INCLUDING EMPLOYMENT TRAINING, VOCATIONAL EVALUATION, AND JOB DEVELOPMENT TO YOUTH AND ADULTS ENABLING THEM TO GAIN COMPETITIVE EMPLOYMENT IN THE COMMUNITY
AGENCY WORK PROGRAMS - INDIVIDUALS WITH DISABILITIES ARE EMPLOYED BY THE ORGANIZATION TO WORK IN ITS TTI INDUSTRIES AND/OR CLEAN SWEEP DIVISIONS
BIRTH TO THREE - USING NATURAL ENVIRONMENT SETTINGS, THIS PROGRAM OFFERS SERVICE COORDINATION, SPECIAL EDUCATION, THERAPY AND FAMILY SUPPORT TO CHILDREN AGES BIRTH TO THREE WITH DEVELOPMENTAL DELAYS OR DISABILITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Uebersetzig President | OfficerTrustee | 1 | $0 |
Amy Salberg Vice President | OfficerTrustee | 1 | $0 |
Don Betters Treasurer | OfficerTrustee | 1 | $0 |
Jill Corbett Secretary | OfficerTrustee | 1 | $0 |
Rick Lathers Board Member | Trustee | 1 | $0 |
Jacci Gambucci Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $105,556 |
| Membership dues | $0 |
| Fundraising events | $46,227 |
| Related organizations | $183,978 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $304,113 |
| Noncash contributions included in lines 1a–1f | $11,785 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $639,874 |
| Total Program Service Revenue | $4,616,693 |
| Investment income | $90,070 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $94,010 |
| Net Gain/Loss on Asset Sales | $6,240 |
| Net Income from Fundraising Events | -$27,530 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,420,317 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $125,550 |
| Compensation of current officers, directors, key employees. | $26,546 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,981,965 |
| Pension plan accruals and contributions | $71,786 |
| Other employee benefits | $543,936 |
| Payroll taxes | $225,983 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,309 |
| Fees for services: Other | $322,492 |
| Advertising and promotion | $6,302 |
| Office expenses | $136,790 |
| Information technology | $97,376 |
| Royalties | $0 |
| Occupancy | $228,542 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $206,579 |
| Insurance | $16,850 |
| All other expenses | $0 |
| Total functional expenses | $5,190,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,000 |
| Savings and temporary cash investments | $2,798,525 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $421,072 |
| 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 | $116,783 |
| Net Land, buildings, and equipment | $7,302,213 |
| Investments—publicly traded securities | $1,856,126 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,252,333 |
| Total assets | $17,748,052 |
| Accounts payable and accrued expenses | $453,123 |
| 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 | $0 |
| Other liabilities | $6,825 |
| Total liabilities | $459,948 |
| Net assets without donor restrictions | $17,224,417 |
| Net assets with donor restrictions | $63,687 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $17,748,052 |