Operation Threshold Inc
- Assets
- $5.8m
- Revenue
- $12.4m
- Investments
- $0.0
- Employees
- 63
- Location
- Waterloo, IA
- Founding
- 10/1983
- Data as of
- 09/2021
- EIN
- 42-0982549
Organization Overview
Operation Threshold Inc is located in Waterloo, IA. The organization was established in 1983. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 09/2021, Operation Threshold Inc employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Operation 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 09/2021, Operation Threshold Inc generated $12.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $12.2m during the year ending 09/2021. While expenses have increased by 1.0% per year over the past 6 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
HELP PEOPLE MEET THEIR BASIC NEEDS & BECOME SELF-SUFFICIENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WOMEN, INFANTS, AND CHILDREN PROGRAM - PROVIDES NUTRITION EDUCATION AND FOOD VOUCHERS TO INCOME ELIGIBLE PREGNANT WOMEN, BREASTFEEDING MOTHERS AND CHILDREN UP TO AGE FIVE. IN FISCAL YEAR 2021, THE PROGRAM SERVED APPROXIMATELY 7,622 PARTICIPANTS IN ITS SIX COUNTY REGION. PROGRAM INCLUDES $3,177,345 OF NONCASH WIC VOUCHERS PROVIDED DIRECTLY TO ELIGIBLE PARTICIPANTS BY THE IOWA DEPARTMENT OF PUBLIC HEALTH.
LOW-INCOME HOME ENERGY ASSISTANCE PROGRAM - PROGRAM PROVIDES ELIGIBLE LOW-INCOME HOUSEHOLDS WITH A ONE-TIME PER YEAR PAYMENT TO ASSIST WITH THE COST OF HEATING THEIR HOMES DURING THE WINTER. IN FISCAL YEAR 2021, THE PROGRAM PROVIDED ASSISTANCE TO APPROXIMATELY 4,812 HOUSEHOLDS IN THE ORGANIZATION'S THREE-COUNTY SERVICE AREA.
WEATHERIZATION ASSISTANCE PROGRAM - PROGRAM WORKS TO REDUCE ENERGY COSTS FOR ELIGIBLE HOUSEHOLDS BY INSTALLING INSULATION, REPAIRING FURNACES AND/OR WATER HEATERS, AND REPLACING REFRIGERATORS, FURNACES AND FREEZERS WHEN NECESSARY. IN FISCAL YEAR 2021, THE PROGRAM WEATHERIZED 63 HOMES, REPAIRED 50 FURNACES, REPLACED 32 FURNACES, REPAIRED 39 WATER HEATERS, REPLACED 38 WATER HEATERS, REPLACED 0 REFRIGERATORS, REPLACED 0 FREEZERS, AND CONDUCTED HEALTH AND SAFETY MEASURES ON 60 HOMES IN ITS FIVE COUNTY REGIONS.
FAMILY SUPPORT AND PARENT EDUCATION SERVICES PROGRAMS OFFER A COMPREHENSIVE SYSTEM FOR DELIVERING FAMILY SUPPORT SERVICES INCLUDING HOME VISITATION AND GROUP-BASED PARENT EDUCATION PROGRAMMING FOR FAMILIES WITH CHILDREN.THE MATERNAL, INFANT, AND EARLY CHILDHOOD HOME VISITING PROGRAM (MIECHV) PROVIDES EVIDENCE-BASED HOME VISITATION SERVICES TO IMPROVE HEALTH AND DEVELOPMENTAL OUTCOMES FOR AT-RISK YOUNG CHILDREN, IMPROVES COORDINATION OF SERVICES FOR AT-RISK COMMUNITIES, AND IDENTIFIES AND PROVIDES COMPREHENSIVE SERVICES TO IMPROVE OUTCOMES FOR FAMILIES WHO RESIDE IN AT-RISK COMMUNITIES.THE ORGANIZATION MAINTAINS COMMUNITY SERVICE CENTERS IN EACH COUNTY OF ITS PRIMARY SERVICE AREA.RENTAL HOUSING PROGRAMS - THE ORGANIZATION MANAGES SINGLE AND MULTI-FAMILY HOUSING UNITS FOR USE BY ELIGIBLE FAMILIES.FAMILY DEVELOPMENT AND SELF SUFFICIENCY - PROGRAM PROVIDES FAMILY DEVELOPMENT AND SELF SUFFICIENCY COUNSELING ASSISTANCE TO LOW-INCOME HOUSEHOLDS.OTHER PROGRAMS INCLUDED: VOLUNTEER COOP, COMMUNITY SERVICE BLOCK GRANT (CSBG) PROGRAMS, TENANT BASED RENTAL ASSISTANCE PROGRAMS, ENERGY EFFICIENCY PROGRAMS, CEDAR VALLEY REFUGEE PROGRAM, VOLUNTEER PROGRAMS, SEASONAL PROGRAMS, THE GRUNDY COUNTY FOOD PANTRY, AND CRISIS AND EMERGENCY CHILD CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara A Grant Executive Director | Officer | 40 | $80,156 |
Leian Kammeyer Deputy Director | Officer | 40 | $63,219 |
Brian Quirk Chairperson | OfficerTrustee | 0.6 | $0 |
Barbara Smith Treasurer | OfficerTrustee | 0.6 | $0 |
Kelly Johnson Secretary | OfficerTrustee | 0.6 | $0 |
Kim Ross Director | Trustee | 0.6 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lutheran Services Of Iowa Evidenced Based Home Visitation | 9/29/21 | $168,461 |
Tri-county Child & Family Dev Council Evidenced Based Home Visitation | 9/29/21 | $154,836 |
South Construction & Insulation Insulating | 9/29/21 | $246,053 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,728,859 |
| All other contributions, gifts, grants, and similar amounts not included above | $343,894 |
| Noncash contributions included in lines 1a–1f | $3,199,994 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,072,753 |
| Total Program Service Revenue | $316,918 |
| Investment income | $126 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$648 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,392,663 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,555,299 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $229,977 |
| Compensation of current officers, directors, key employees. | $96,976 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,039,444 |
| Pension plan accruals and contributions | $181,246 |
| Other employee benefits | $325,403 |
| Payroll taxes | $154,846 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7 |
| Fees for services: Accounting | $24,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $739,576 |
| Advertising and promotion | $228 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $228,886 |
| Travel | $25,155 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $54 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $170,436 |
| Insurance | $117,633 |
| All other expenses | $70,372 |
| Total functional expenses | $12,222,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,050,184 |
| Pledges and grants receivable | $1,191,418 |
| 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 | $69,946 |
| Prepaid expenses and deferred charges | $115,216 |
| Net Land, buildings, and equipment | $3,369,607 |
| Investments—publicly traded securities | $34,712 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,831,083 |
| Accounts payable and accrued expenses | $355,860 |
| Grants payable | $0 |
| Deferred revenue | $468,877 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $254,806 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $132,041 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $140,836 |
| Total liabilities | $1,352,420 |
| Net assets without donor restrictions | $716,287 |
| Net assets with donor restrictions | $3,762,376 |
| 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 | $5,831,083 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Operation Threshold Inc has recieved totaling $290,292.
| Awarding Organization | Amount |
|---|---|
Cedar Valley United Way Waterloo, IA PURPOSE: GRANT FOR SPECIFIC PROGRAM SUPPORT. | $112,208 |
Building Direction For Families Inc Independence, IA PURPOSE: ENERGY ASSISTANCE | $78,164 |
Veridian Credit Union Waterloo, IA PURPOSE: IDA FUNDING | $60,000 |
Iowa Association Of Community Action Directors Des Moines, IA PURPOSE: FUNDING TO HELP LOW INCOME IOWANS | $24,920 |
Otto Schoitz Foundation Waterloo, IA PURPOSE: PROGRAMMATIC SUPPORT | $11,250 |
Otto Schoitz Foundation Waterloo, IA PURPOSE: PROGRAMMATIC SUPPORT | $3,750 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hope Haven Incorporated Rock Valley, IA | $37,686,994 | $51,176,008 |
Cornerstone Service Inc Joliet, IL | $39,737,270 | $40,769,202 |
Lighthouse For The Blind St Louis, MO | $132,994,524 | $33,499,796 |
Community Action Partnership Of Ramsey And Washington Counties St Paul, MN | $9,911,180 | $29,699,543 |
Newcap Inc Oconto, WI | $18,167,211 | $33,388,655 |
Mental Health Resources Inc St Paul, MN | $13,320,829 | $27,036,443 |
Independence First Inc Milwaukee, WI | $17,159,948 | $27,006,891 |
Center For Human Services Inc Sedalia, MO | $26,886,839 | $25,741,187 |
Mainstream Living Inc Stuart Ambrose Ames, IA | $14,812,634 | $26,461,263 |
Area Resources For Community And Human Services St Louis, MO | $7,485,781 | $21,715,515 |
Kreider Services Inc Dixon, IL | $7,634,045 | $20,356,792 |
Community Health Ctr Of Central Missouri Jefferson City, MO | $23,228,826 | $19,931,072 |