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Threshold INC

Tax-deductible

Baltimore, MD501(c)(3) EIN 23-7055638Revenue $28K in FY2021Files the 990-N e-Postcard (latest 2024). Last full Form 990: 2020.

On file with the IRSBaltimore, MDTax-exempt since Feb 1970Publicly supported — 509(a)(2)

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The mission of Threshold INC. Is to transform previously incarcerated adult males to productive members of the community by providing rehabilitative services including substance abuse counseling and job training in a residential setting.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-7055638) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest 990-N e-Postcard
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average deficit $81K a year · 23% of revenue · last 2 filings
A surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
95%
of spending
95% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
3.7 mo
of spending, in cash
Plus $72K in investments, Pt X · Ln 11–13
3.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$280K
67% of total assets
Liabilities are 67% of assets.
Pt X · Ln 26
Independent board members
13
of 13 voting members
13 of 13 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$28K
-96% vs prior year
Spent
$216K
To programs
95%
Net assets
$137K
By yearFY2020–FY2021
Revenue
$28K
FY2021▼ -96%
Tap a bar for its year
Revenue by fiscal year
FY2020$690K
FY2021$28K
Expenses
$216K
FY2021▼ -67%
Tap a bar for its year
Expenses by fiscal year
FY2020$664K
FY2021$216K
Net assets
$137K
FY2021▼ -56%
Tap a bar for its year
Net assets by fiscal year
FY2020$314K
FY2021$137K

From the FY2021 Form 990 (year ending June 2021) · see the original

Give Follow Claim

Is it real?

Yes. Never revoked by the IRS. Files the 990-N e-Postcard (latest 2024). Last full Form 990: 2020. IRS ruling in Feb 1970.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $205K Management & general 5% · $12K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Edward J Angeletti
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Pearl Molton
Director
$0Pt VII · Sec A
Nicole Halsey
Directors
$0Pt VII · Sec A
Donna Owens
Director
$0Pt VII · Sec A
See Threshold INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps formerly incarcerated men become productive community members through housing, counseling, and job training.

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3 programs · $205K · in their own filed words · FY2020
01

Provided pre-release rehabilitation for ex-offenders by providing re- orientation needed for transitioning into the community as productive citizens.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-7055638) · Dispute this line
$147Kprogram expense
02

Provided housing for ex-offenders in addition to food services that feed the clients who live in the facility for 4 to 6 months.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-7055638) · Dispute this line
$57Kprogram expense
03

Provided substance abuse treatment for all ex-offenders in the program to help them better transition into the community once out on their own. The objectives are for the clients to receive services such as drug therapy, job training, counseling and family relationships.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-7055638) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$28K
Ln 12
Fees for servicesLn 2g$16K
Gifts and grantsLn 1h$10K
Investment incomeLn 3$2K
Money outPt IX
$216K
Ln 25
Programscol B$205K
Managementcol C$12K
Owns and owesPt X
$137K
net assets · Ln 32
Cash and savingsLn 1–2$67K
Total assetsLn 16$417K
LiabilitiesLn 26$280K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10K
Government grantsLn 1e$10K
Fees for servicesLn 2g$16K
Investment incomeLn 3$2K
Total revenueLn 12$28K
Assets in detailPt X, end of year
CashLn 1$67K
Cash and savings togetherLn 1–2$67K
Pledges and grants receivableLn 3$5K
Prepaid expenses and deferred chargesLn 9$4K
Land, buildings, equipmentLn 10c$187K
InvestmentsLn 11–13$72K
Intangible assetsLn 14$33
Other assetsLn 15$82K
Total assetsLn 16$417K
LiabilitiesLn 26$280K
Net assetsLn 32$137K
OperationsPt I, VI
EmployeesI 516
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$99K$67K
InvestmentsLn 11–13$59K$72K
Land, buildings, equipmentLn 10c$200K$187K
Total assetsLn 16$509K$417K
LiabilitiesLn 26$195K$280K
Net assetsLn 32$314K$137K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$84K$84K
Other employee benefitsLn 9$14K$14K
Payroll taxesLn 10$7K$7K
Accounting feesLn 11c$4K$4K
Office expensesLn 13$2K$362$1K
OccupancyLn 16$14K$14K
Conferences, conventions and meetingsLn 19$7K$7K
InterestLn 20$2K$2K
Depreciation, depletion and amortizationLn 22$13K$13K
InsuranceLn 23$14K$14K
Other expenses (24a–d)Ln 24$41K$38K$3K
All other expensesLn 24e$15K$15K
Total functional expensesLn 25$216K$205K$12K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest ViewingFiled with the IRS May 16, 2022 $28K$216K−$188K$137K 990 PDF
FY2020Filed with the IRS May 17, 2021 $690K$664K$26K$314K 990 PDF

Files the 990-N e-Postcard (latest 2024). Last full Form 990: 2020. The 990-N has no money details, and postcard years before 2024 are not published by the IRS.

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $27,992 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $579,350$10,000
I-9 Program service revenue$16,006
I-10 Investment incomePrior year $12,296$1,986
I-11 Other revenuePrior year $97,931$0
I-12 Total revenuePrior year $689,577$27,992
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $454,227$105,429
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $209,511$110,873
I-18 Total expensesPrior year $663,738$216,302
I-19 Revenue less expensesPrior year $25,839−$188,310
Part VI · Governance 13 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $27,992 across 5 lines filed
VIII-1e Government grants$10,000
VIII-1h Total contributions, gifts and grants$10,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $16,006$16,006
VIII-3 Investment incomeExcluded from tax $1,986$1,986
VIII-12 Total revenueRelated to mission $16,006 · Excluded from tax $1,986$27,992
Part IX · Statement of functional expenses $216,302 across 12 lines filed
IX-7 Other salaries and wagesPrograms $83,865$83,865
IX-9 Other employee benefitsPrograms $14,233$14,233
IX-10 Payroll taxesPrograms $7,331$7,331
IX-11c Accounting feesPrograms $3,619$3,619
IX-13 Office expensesPrograms $362 · Management $1,445$1,807
IX-16 OccupancyPrograms $13,524$13,524
IX-19 Conferences, conventions and meetingsManagement $7,037$7,037
IX-20 InterestPrograms $2,127$2,127
IX-22 Depreciation, depletion and amortizationPrograms $12,989$12,989
IX-23 InsurancePrograms $14,026$14,026
IX-24 Other expenses (24a–d)Programs $37,852 · Management $3,198$41,050
IX-24e All other expensesPrograms $14,694$14,694
IX-25 Total functional expensesPrograms $204,622 · Management $11,680 · Fundraising $0$216,302
Part X · Balance sheet $417,011 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $98,526$66,570
X-3 Pledges and grants receivableStart of year $103,000$4,600
X-9 Prepaid expenses and deferred chargesStart of year $3,968$3,968
X-10c Land, buildings and equipment, netStart of year $200,379$187,464
X-13 Program-related investmentsStart of year $58,824$72,138
X-14 Intangible assetsStart of year $107$33
X-15 Other assetsStart of year $21,415$82,238
X-16 Total assetsStart of year $509,065$417,011
X-17 Accounts payable and accrued expensesStart of year $28,598$10,320
X-24 Unsecured notes and loans payableStart of year $134,728$268,976
X-25 Other liabilitiesStart of year $31,446$404
X-26 Total liabilitiesStart of year $194,772$279,700
X-27 Net assets without donor restrictionsStart of year $198,793$127,311
X-28 Net assets with donor restrictionsStart of year $115,500$10,000
X-32 Total net assets or fund balancesStart of year $314,293$137,311
X-33 Total liabilities and net assetsStart of year $509,065$417,011
Part XI · Reconciliation of net assets $137,311 net assets at year end
XI-1 Total revenue$27,992
XI-2 Total expenses$216,302
XI-3 Revenue less expenses−$188,310
XI-4 Net assets at start of year$314,293
XI-5 Net unrealized gains (losses) on investments$11,328
XI-10 Net assets at end of year$137,311

Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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