Threshholdgives Inc
- Assets
- $40.4k
- Revenue
- $30.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Ogden, UT
- Founding
- 07/2014
- Data as of
- 12/2020
- EIN
- 46-2273977
Organization Overview
Threshholdgives Inc is located in Ogden, UT. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Threshholdgives 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 12/2020, Threshholdgives Inc generated $30.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (32.8%) each year. All expenses for the organization totaled $27.1k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (39.3%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
THRESHOLDGIVES HAS DEVELOPED AN INCENTIVE PROGRAM, THAT HELPS OUR MEMBERS GAIN FINANCIAL REWARD FOR PARTICIPATING IN CYCLING EVENTS, WHICH IN TURN HELPS THEM ESTABLISH ACCOUNTABILITY TO DEDICATING TIME TO TRAINING AND LIVING A HEALTHY LIFESTYLE. ALSO TO INCREASE THE INCENTIVE TO JOIN THE CLUB THRESHOLDGIVES HAS DONE AWAY WITH MEMBERSHIP DUES AT THE START OF 2016 AND AS A RESULT SAW AN INCREASE IN PARTICPATION IN THE CLUB AND WE HAVE CONTINUED THIS FOR 2020. ALSO SINCE THE CLUB HAS GROWN WE HAVE ALSO BEEN ABLE TO NEGOTIATE SPECIAL DEALS WITH THE CACHE VALLEY GRAND FONDO AND DNA CYCLING CLOTHING TO PROVIDE A CLUB CENTURY AND ALSO CLUB CLOTHING AT A DISCOUNT. ON TOP OF THE DISCOUNT, THRESHOLDGIVES ALSO SUBSIDIZES SOME OF THE COST OF THE CLUB JERSEY FOR THE CLUB MEMBER. CYCLING AS A WHOLE HAS DECREASED IN PARTICIPATION CONSIDERABLY THE LAST COUPLE OF YEARS AROUND THE COUNTRY, IN RESPONSE TO THIS LACK OF INTEREST WE HAVE STILL BEEN ABLE TO GROW AS A CLUB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Austin Scott President | 5 | $2,000 | |
Kaytie Scott Board Member | 5 | $2,000 | |
Justin Wilson Board Member | 5 | $2,000 | |
Clint Mortley Treasurer | 5 | $2,000 | |
Nate Tippets Board Member | 5 | $2,000 | |
Justin Bingham Board Member | 5 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $30,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $1,434 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,693 |
| Total operating and administrative expenses | $27,127 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $27,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,672 |
| Savings and temporary cash investments | $234 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,510 |
| Other assets | $0 |
| Total assets | $40,416 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
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