Threshold Foundation Inc
- Assets
- $5.2m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- West Bend, WI
- Founding
- 03/1989
- Data as of
- 12/2021
- EIN
- 39-1525008
Organization Overview
Threshold Foundation Inc is located in West Bend, WI. The organization was established in 1989. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Threshold Foundation 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 Foundation Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.8% each year . All expenses for the organization totaled $184.5k during the year ending 12/2021. While expenses have increased by 2.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
ESTABLISHED TO SUPPORT THE THRESHOLD INCORPORATED PROVIDE SERVICES TO PEOPLE WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE THRESHOLD FOUNDATION INC. WAS ESTABLISHED TO SUPPORT THE THRESHOLD INCORPORATED'S PROGRAMS DIRECTED TO PROVIDE SERVICES TO PEOPLE WITH DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Miller Board President | OfficerTrustee | 2 | $0 |
Gretchen Vickney Treasurer | OfficerTrustee | 2 | $0 |
John Bloor Executive Director | Officer | 2 | $0 |
Mike Nowack Director | Trustee | 1 | $0 |
Isaiah Richie Director (start 11/2021) | Trustee | 1 | $0 |
Claire Rolfs Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $655,716 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $655,716 |
| Total Program Service Revenue | $0 |
| Investment income | $192,253 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $378,930 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,226,899 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $161,294 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,255 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $184,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $82,264 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $163,915 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,762,563 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $220,124 |
| Total assets | $5,228,866 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $5,228,866 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,228,866 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Threshold Foundation Inc has recieved totaling $21,952.
| Awarding Organization | Amount |
|---|---|
Thomas J Rolfs Foundation Inc Nashotah, WI PURPOSE: GENERAL | $10,000 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: SUSTAINING SUPPORT | $5,976 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: SUSTAINING SUPPORT | $5,976 |
Endowment Analysis
| Beg. Balance | $4,306,306 |
| Earnings | $676,379 |
| Ending Balance | $4,982,685 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Avivo Minneapolis, MN | $27,736,019 | $39,599,118 |
Jewish Home And Care Center Foundation Inc Milwaukee, WI | $195,682,199 | $22,064,054 |
Planned Parenthood Minnesota North Dakota South Dakota Fund St Paul, MN | $74,688,900 | $2,513,382 |
Aitkin Health Services Aitkin, MN | $7,612,800 | $5,336,098 |
Sunset Legacy Foundation Jenison, MI | $5,636,238 | $2,457,486 |
Leader Dogs For The Blind Foundation Rochester Hills, MI | $71,517,820 | $5,571,378 |
Cradle Foundation Evanston, IL | $14,544,905 | $2,396,350 |
Community Y Endowment Foundation Muscatine, IA | $0 | $293,511 |
Family Shelter Service Inc Wheaton, IL | $0 | $2,336,670 |
Ring Family Foundation Chicago, IL | $0 | $73,042 |
Helena Bigos Supporting Foundation Golden Valley, MN | $13,151,840 | $1,923,598 |
Norwood Senior Services Association Chicago, IL | $865,693 | $2,119,786 |