Threshold Society Inc
- Assets
- $223.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- North Hollywood, CA
- Founding
- 06/2001
- Data as of
- 12/2023
- EIN
- 95-4775451
Organization Overview
Threshold Society Inc is located in North Hollywood, CA. The organization was established in 2001. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Threshold Society Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Threshold Society Inc generated $187.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $135.1k during the year ending 12/2023. While expenses have increased by 0.3% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO PROVIDE EDUCATIONAL SERVICES TO ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Centonze CFO | 10 | $0 | |
Lauren Bergher President | 5 | $0 | |
Richard Villalobos Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,166 |
| Total Program Service Revenue | $101,022 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $187,944 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $13,411 |
| Occupancy, rent, utilities, and maintenance | $64,692 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $56,960 |
| Total expenses | $135,063 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $110,895 |
| Other assets | $0 |
| Total assets | $223,244 |
| Total liabilities | $8,770 |
| Net assets or fund balances | $214,474 |