Operation Threshold Inc
- Assets
- $5.6m
- Revenue
- $13.5m
- Investments
- $0.0
- Employees
- 66
- Location
- Waterloo, IA
- Founding
- 10/1983
- Data as of
- 09/2023
- 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 09/2023, Operation Threshold Inc employed 66 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 09/2023, Operation Threshold Inc generated $13.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $13.6m during the year ending 09/2023. While expenses have increased by 4.4% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
COLLABORATE, EDUCATE AND PROVIDE SERVICES TO HELP MEET THE BASIC NEEDS OF PEOPLE & CREATE OPPORTUNITIES FOR SELF-SUFFICIENCY.
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 2023 THE PROGRAM SERVED 6,963 PARTICIPANTS IN ITS SIX COUNTY REGION.
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.
LOW-INCOME HOME ENERGY ASSISTANCE PROGRAM - PROVIDES 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 2023, THE PROGRAM PROVIDED ASSISTANCE TO 5,288 HOUSEHOLDS IN OUR THREE COUNTY SERVICE AREA.
WEATHERIZATION PROGRAM - PROGRAM WORKS TO REDUCE HEATING AND COOLING COSTS FOR ELIGIBLE HOUSEHOLDS BY INSTALLING INSULATION, REPAIRING OR REPLACING FURNACES AND/OR WATER HEATERS, AND REPLACING REFRIGERATORS, FURNACES AND FREEZERS WHEN NECESSARY. IN FISCAL YEAR 2023, THE PROGRAM WEATHERIZED 59 HOMES, REPAIRED 55 FURNACES, REPLACED 50 FURNACES, REPAIRED 36 WATER HEATERS, REPLACED 39 WATER HEATERS, AND CONDUCTED HEALTH AND SAFETY MEASURES ON 59 HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Smith Treasurer | OfficerTrustee | 0.6 | $0 |
Kim Ross Director | Trustee | 0.6 | $0 |
Brian Quirk Chairperson | OfficerTrustee | 0.6 | $0 |
Tara Makepeace Director | Trustee | 0.6 | $0 |
Kari Rea Director | Trustee | 0.6 | $0 |
Katie Busker Director | Trustee | 0.6 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
South Construction & Insulation Insulating | 9/29/23 | $463,333 |
Allen Cox Construction Insulating | 9/29/23 | $248,393 |
Lutheran Services Of Iowa Evidenced Based Home Visitation | 9/29/23 | $238,462 |
Low Dollar Plumbing Plumbing, Heating | 9/29/23 | $215,825 |
Pot's Plumbling & Heating Plumbing, Heating | 9/29/23 | $136,331 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,137,357 |
| All other contributions, gifts, grants, and similar amounts not included above | $87,470 |
| Noncash contributions included in lines 1a–1f | $3,974,049 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,224,827 |
| Total Program Service Revenue | $302,074 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $2,952 |
| 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 | $13,536,437 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,126,505 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $233,985 |
| Compensation of current officers, directors, key employees. | $233,985 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,925,571 |
| Pension plan accruals and contributions | $196,321 |
| Other employee benefits | $394,842 |
| Payroll taxes | $150,170 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $175 |
| Fees for services: Accounting | $32,439 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $521,227 |
| Advertising and promotion | $240 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $282,414 |
| Travel | $30,050 |
| 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 | $171,832 |
| Insurance | $119,374 |
| All other expenses | $113,686 |
| Total functional expenses | $13,587,486 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,400,160 |
| Pledges and grants receivable | $933,646 |
| 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 | $82,025 |
| Prepaid expenses and deferred charges | $133,260 |
| Net Land, buildings, and equipment | $3,048,774 |
| Investments—publicly traded securities | $38,846 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,636,711 |
| Accounts payable and accrued expenses | $203,315 |
| Grants payable | $0 |
| Deferred revenue | $11,317 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $541,348 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $87,441 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $202,846 |
| Total liabilities | $1,046,267 |
| Net assets without donor restrictions | $1,790,701 |
| Net assets with donor restrictions | $2,799,743 |
| 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 | $5,636,711 |