Threshold Inc
- Assets
- $17.2m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 179
- Location
- West Bend, WI
- Founding
- 10/1969
- Data as of
- 12/2021
- 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 12/2021, Threshold Inc employed 179 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 12/2021, Threshold Inc generated $6.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $4.5m during the year ending 12/2021. 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
2021
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
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
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Bloor Executive Director | Officer | 40 | $115,464 |
Phil Sutter President | OfficerTrustee | 1 | $0 |
Gretchen Vickney Treasurer | OfficerTrustee | 1 | $0 |
Chad Uebersetzig Vice President | OfficerTrustee | 1 | $0 |
Amy Salberg Secretary | OfficerTrustee | 1 | $0 |
Andrea Kaehny Past President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $109,979 |
| Membership dues | $0 |
| Fundraising events | $42,351 |
| Related organizations | $161,294 |
| Government grants | $1,244,033 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,030,993 |
| Noncash contributions included in lines 1a–1f | $3,214 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,588,650 |
| Total Program Service Revenue | $3,819,369 |
| Investment income | $4,194 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $123,437 |
| Net Gain/Loss on Asset Sales | $13,389 |
| Net Income from Fundraising Events | -$10,160 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,539,239 |
| 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. | $136,247 |
| Compensation of current officers, directors, key employees. | $28,926 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,495,036 |
| Pension plan accruals and contributions | $68,326 |
| Other employee benefits | $566,635 |
| Payroll taxes | $191,612 |
| 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 | $0 |
| Fees for services: Other | $290,931 |
| Advertising and promotion | $8,779 |
| Office expenses | $117,312 |
| Information technology | $68,258 |
| Royalties | $0 |
| Occupancy | $190,610 |
| 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 | $198,574 |
| Insurance | $15,158 |
| All other expenses | $0 |
| Total functional expenses | $4,502,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,000 |
| Savings and temporary cash investments | $3,674,880 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $529,565 |
| 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 | $23,245 |
| Net Land, buildings, and equipment | $7,216,000 |
| Investments—publicly traded securities | $635,836 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,071,077 |
| Total assets | $17,151,603 |
| Accounts payable and accrued expenses | $351,852 |
| 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 | $7,825 |
| Total liabilities | $359,677 |
| Net assets without donor restrictions | $11,702,999 |
| Net assets with donor restrictions | $5,088,927 |
| 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 | $17,151,603 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Threshold Inc has recieved totaling $179,535.
| Awarding Organization | Amount |
|---|---|
United Way Of Washington County West Bend, WI PURPOSE: GENERAL USE | $108,840 |
West Bend Community Foundation Inc Milwaukee, WI PURPOSE: SUSTAINING SUPPORT | $50,900 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: SUSTAINING SUPPORT | $6,000 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: SUSTAINING SUPPORT | $6,000 |
Prescott Family Foundation Inc West Bend, WI PURPOSE: GENERAL OPERATIONS | $5,000 |
James And Leigh Peterson Family Foundation Inc Waukesha, WI PURPOSE: PUBLIC WELFARE | $1,500 |
Endowment Analysis
| Beg. Balance | $4,306,306 |
| Earnings | $676,379 |
| Ending Balance | $4,982,685 |
Peer Organizations
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|---|---|---|
Apostolic Christian Lifepoints Inc Morton, IL | $42,471,151 | $22,063,470 |
Hope Network Grand Rapids, MI | $12,436,110 | $11,996,326 |
New Hope Village Carroll, IA | $16,084,175 | $19,892,744 |
St Colettas Of Illinois Tinley Park, IL | $3,321,726 | $15,993,167 |
Helping Hand Center Countryside, IL | $22,525,393 | $16,246,364 |
Touchstone Mental Health Minneapolis, MN | $8,476,042 | $15,823,650 |
Aspire Of Illinois Hillside, IL | $18,983,817 | $18,724,686 |
Link Associates West Des Moines, IA | $2,870,425 | $15,095,571 |
The Arc Of The Quad Cities Area Rock Island, IL | $28,274,211 | $14,437,427 |
Hope Haven Area Development Center Corporation Burlington, IA | $12,948,904 | $15,411,343 |
Glenkirk Northbrook, IL | $14,078,509 | $14,943,615 |
Services To Enhance Potential Dearborn, MI | $17,804,002 | $13,713,254 |