Threshold INC FY2020 filing

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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, FY2020. 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.
59¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
59%
of spending
59% of spending went to programs.
Pt IX · Ln 25 · col B
2.0 mo
of spending, in cash
2.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$195K
38% of total assets
Liabilities are 38% of assets.
Pt X · Ln 26
Independent board members
12
of 12 voting members
12 of 12 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$690K
Spent
$664K
To programs
59%
Net assets
$314K
By yearFY2020–FY2021
Revenue
$690K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$690K
FY2021$28K
Expenses
$664K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$664K
FY2021$216K
Net assets
$314K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$314K
FY2021$137K

From the FY2020 Form 990 (year ending June 2020) · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

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

59 cents of each dollar spent went to programs.

Program services 59% · $393K Management & general 41% · $271K

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

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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 · $393K · in their own filed words · FY2019
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, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-7055638) · Dispute this line
$173Kprogram 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, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-7055638) · Dispute this line
$157Kprogram 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, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-7055638) · Dispute this line
$63Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$690K
Ln 12
Gifts and grantsLn 1h$579K
Other incomeLn 4–11$98K
Investment incomeLn 3$12K
Money outPt IX
$664K
Ln 25
Programscol B$393K
Managementcol C$271K
Owns and owesPt X
$314K
net assets · Ln 32
Cash and savingsLn 1–2$110K
Total assetsLn 16$509K
LiabilitiesLn 26$195K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$579K
Government grantsLn 1e$464K
Investment incomeLn 3$12K
Other incomeLn 4–11$98K
Total revenueLn 12$690K
Assets in detailPt X, end of year
CashLn 1$99K
SavingsLn 2$11K
Cash and savings togetherLn 1–2$110K
Pledges and grants receivableLn 3$103K
Accounts receivableLn 4$12K
Prepaid expenses and deferred chargesLn 9$4K
Land, buildings, equipmentLn 10c$200K
InvestmentsLn 11–13$59K
Intangible assetsLn 14$107
Other assetsLn 15$21K
Total assetsLn 16$509K
LiabilitiesLn 26$195K
Net assetsLn 32$314K
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 FY20End FY20
Cash and savingsLn 1–2$87K$110K
InvestmentsLn 11–13$93K$59K
Land, buildings, equipmentLn 10c$205K$200K
Total assetsLn 16$432K$509K
LiabilitiesLn 26$128K$195K
Net assetsLn 32$304K$314K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$407K$240K$167K
Other employee benefitsLn 9$19K$14K$5K
Payroll taxesLn 10$29K$17K$12K
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$6K$6K
Office expensesLn 13$464$464
OccupancyLn 16$33K$33K
TravelLn 17$17$17
Conferences, conventions and meetingsLn 19$8K$8K
InterestLn 20$6K$6K
Depreciation, depletion and amortizationLn 22$13K$11K$2K
InsuranceLn 23$27K$6K$21K
Other expenses (24a–d)Ln 24$82K$55K$28K
All other expensesLn 24e$26K$18K$8K
Total functional expensesLn 25$664K$393K$271K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 LatestFiled with the IRS May 16, 2022 $28K$216K−$188K$137K 990 PDF
FY2020 ViewingFiled 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 FY2020 990
Part I · Summary $689,577 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $552,292$579,350
I-9 Program service revenue$0
I-10 Investment incomePrior year $2,040$12,296
I-11 Other revenuePrior year $128,544$97,931
I-12 Total revenuePrior year $682,876$689,577
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $487,844$454,227
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $224,672$209,511
I-18 Total expensesPrior year $712,516$663,738
I-19 Revenue less expensesPrior year −$29,640$25,839
Part VI · Governance 12 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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 $689,577 across 6 lines filed
VIII-1e Government grants$463,850
VIII-1f All other contributions, gifts and grants$115,500
VIII-1h Total contributions, gifts and grants$579,350
VIII-3 Investment incomeExcluded from tax $12,296$12,296
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $97,931$97,931
VIII-12 Total revenueRelated to mission $97,931 · Excluded from tax $12,296$689,577
Part IX · Statement of functional expenses $663,738 across 14 lines filed
IX-7 Other salaries and wagesPrograms $239,555 · Management $167,435$406,990
IX-9 Other employee benefitsPrograms $13,885 · Management $4,620$18,505
IX-10 Payroll taxesPrograms $16,912 · Management $11,820$28,732
IX-11c Accounting feesManagement $9,475$9,475
IX-11g Other fees for servicesManagement $5,883$5,883
IX-13 Office expensesManagement $464$464
IX-16 OccupancyPrograms $33,474$33,474
IX-17 TravelManagement $17$17
IX-19 Conferences, conventions and meetingsManagement $7,581$7,581
IX-20 InterestManagement $5,582$5,582
IX-22 Depreciation, depletion and amortizationPrograms $10,528 · Management $2,017$12,545
IX-23 InsurancePrograms $5,851 · Management $20,743$26,594
IX-24 Other expenses (24a–d)Programs $54,772 · Management $27,624$82,396
IX-24e All other expensesPrograms $17,892 · Management $7,608$25,500
IX-25 Total functional expensesPrograms $392,869 · Management $270,869 · Fundraising $0$663,738
Part X · Balance sheet $509,065 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $47,170$98,526
X-2 Savings and temporary cash investmentsStart of year $39,693$11,166
X-3 Pledges and grants receivable$103,000
X-4 Accounts receivableStart of year $43,940$11,680
X-9 Prepaid expenses and deferred chargesStart of year $1,602$3,968
X-10c Land, buildings and equipment, netStart of year $205,428$200,379
X-13 Program-related investmentsStart of year $93,455$58,824
X-14 Intangible assetsStart of year $219$107
X-15 Other assets$21,415
X-16 Total assetsStart of year $431,507$509,065
X-17 Accounts payable and accrued expensesStart of year $16,630$28,598
X-24 Unsecured notes and loans payableStart of year $48,629$134,728
X-25 Other liabilitiesStart of year $62,578$31,446
X-26 Total liabilitiesStart of year $127,837$194,772
X-27 Net assets without donor restrictionsStart of year $303,670$198,793
X-28 Net assets with donor restrictions$115,500
X-32 Total net assets or fund balancesStart of year $303,670$314,293
X-33 Total liabilities and net assetsStart of year $431,507$509,065
Part XI · Reconciliation of net assets $314,293 net assets at year end
XI-1 Total revenue$689,577
XI-2 Total expenses$663,738
XI-3 Revenue less expenses$25,839
XI-4 Net assets at start of year$303,670
XI-5 Net unrealized gains (losses) on investments−$10,416
XI-8 Prior period adjustments−$4,800
XI-10 Net assets at end of year$314,293

Form 990 e-file FY2020 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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