Threshold Inc
- Assets
- $1.8m
- Revenue
- $927.2k
- Investments
- $604.2k
- Employees
- 13
- Location
- Durham, NC
- Founding
- 07/1985
- Data as of
- 06/2023
- EIN
- 56-1458745
Organization Overview
Threshold Inc is located in Durham, NC. The organization was established in 1985. 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 06/2023, Threshold Inc employed 13 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 06/2023, Threshold Inc generated $927.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $763.7k during the year ending 06/2023. While expenses have increased by 0.2% per year over the past 8 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
PROVIDE REHABILITATION FOR ADULTS WITH SEVERE AND PERSISTENT MENTAL ILLNESS LIVING IN DURHAM COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THRESHOLD PROVIDES ONGOING AND DAILY SUPPORT TO ADULTS IN DURHAM COUNTY, NC LIVING WITH SEVERE MENTAL ILLNESS. THRESHOLD SUPPORTS MEMBERS TO STAY OUT OF THE HOSPITAL, SUCCEED AT WORK, ADVANCE THEIR EDUCATION, AND REACH THEIR GOALS. ESTABLISHED IN 1985, THRESHOLD FOLLOWS THE FOUNTAIN HOUSE CLUBHOUSE MODEL, AND IS CERTIFIED BY CLUBHOUSE INTERNATIONAL AND CARF. THRESHOLD PROVIDES A FULL SCOPE OF SERVICES INCLUDING PRE-VOCATIONAL TRAINING, SUPPORTED WORK OPPORTUNITIES (PART-TIME FULLY COMPENSATED EMPLOYMENT), LIFE SKILLS DEVELOPMENT, EDUCATIONAL, SOCIAL, AND RECREATIONAL ACTIVITIES. WHILE ATTENDING THRESHOLD, FEWER THAN 10% OF OUR MEMBERS REPORT BEING HOSPITALIZED FOR MENTAL HEALTH REASONS.DURING FISCAL YEAR 22-23: THRESHOLD'S AVERAGE DAILY ATTENDANCE WAS BETWEEN 30-35 MEMBERS. THRESHOLD PROVIDED MORE THAN 7,200 SUBSIDIZED MEALS EACH YEAR. THRESHOLD PROVIDED MORE THAN $100,000 IN UNREIMBURSED SERVICES. IN 22-23 THRESHOLD RENOVATED AND REOPENED OUR SNACK BAR UNIT. THIS UNIT PROVIDES JOB TRAINING FOR MEMBERS AND SKILL BUILDING IN MANY DIFFERENT AREAS INCLUDING: BUDGETING, CLERICAL, CUSTODIAL, INVENTORY MANAGEMENT, AND SOCIALIZATION. THRESHOLD ALSO RESUMED WEEKLY SOCIAL RECREATIONAL ACTIVITIES AS WELL AS OUR BELOVED WEEKEND CAMPING TRIPS.THRESHOLD CONTINUES TO GRADUALLY RESUME SERVICES FOR MEMBERS. DUE TO CHRONIC STAFF SHORTAGES, THRESHOLD IS CURRENTLY OPERATING ON A 5 DAY A WEEK SCHEDULE. THRESHOLD CONTINUES TO PARTNER WITH LOCAL NON-PROFITS, UNIVERSITIES AND EMPLOYERS IN ORDER TO CONTINUE TO PROVIDE A FULL ARRAY OF SERVICES AND RESOURCES FOR MEMBERS. OUR TOTAL NUMBER OF MEMBERS SERVED PER YEAR IS APPROXIMATELY 60.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Barber Exec. Director | Officer | 40 | $86,512 |
Billie Guthrie President | OfficerTrustee | 1 | $0 |
Barry Davis Vice President | OfficerTrustee | 1 | $0 |
Taylor Davies Treasurer | OfficerTrustee | 1 | $0 |
Felicia Dunston Secretary | OfficerTrustee | 1 | $0 |
Carolyn Crowder Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,874 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $413,162 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $427,536 |
| Total Program Service Revenue | $476,844 |
| Investment income | $13,976 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,878 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $927,234 |
| 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. | $99,371 |
| Compensation of current officers, directors, key employees. | $4,294 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $347,575 |
| Pension plan accruals and contributions | $8,248 |
| Other employee benefits | $34,889 |
| Payroll taxes | $41,824 |
| 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 | $5,886 |
| Fees for services: Other | $60,337 |
| Advertising and promotion | $36 |
| Office expenses | $18,346 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,543 |
| Travel | $3,395 |
| 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 | $16,162 |
| Insurance | $18,376 |
| All other expenses | $17,287 |
| Total functional expenses | $763,672 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $547,670 |
| Savings and temporary cash investments | $273,551 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $145,388 |
| 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 | $11,962 |
| Net Land, buildings, and equipment | $262,485 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $604,235 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,845,291 |
| Accounts payable and accrued expenses | $65,952 |
| 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 | $65,952 |
| Net assets without donor restrictions | $1,607,391 |
| Net assets with donor restrictions | $171,948 |
| 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 | $1,845,291 |