Threshold Foundation INC EIN 39-1525008

Threshold Foundation INC

EIN  39-1525008 Supporting organization West Bend, WI
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Provides services to people with disabilities.
Leadership
Michael Hoffman · Executive Director
Money in and out
$286K revenue, $230K expenses
Bottom line
+20% net inflow

Provides services to people with disabilities. For fiscal year 2024 it reported $286K in revenue, $230K in expenses, and $5.7M in net assets.Pt I

Money in and out · FY2024
Total revenue
$286K
Pt VIII · Ln 12
Total expenses
$230K
Pt IX · Ln 25
Net assets
$5.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $56K
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.13
Net inflow
+20%
revenue over expenses, this year▼ -42% vs prior filing year
Pass-through gifts
10%
of revenue from contributions▼ -85% vs prior filing year
Program spending
87%
of expenses reach stated programs▲ +1% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$286K
FY2024▼ -11%
Expenses
$230K
FY2024▲ +8%
Total assets
$5.7M
FY2024▲ +9%
Total liabilities
$9K
FY2024
Total revenue
$286K
Pt VIII · Ln 12
Total expenses
$230K
Pt IX · Ln 25
Net assets
$5.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$56K
Total assetsPt X · Ln 16$5.7M
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $200K of program spending, described in the organization's own filed words · FY2024.
01

The threshold foundation inc. Was established to support the threshold incorporated's programs directed to provide services to people with disabilities.

$200Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThreshold Foundation INC
EINHdr · item D39-1525008
Principal addressHdr · item CWest Bend, WI
WebsiteHdr · item Jthresholdinc.org/foundation
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMar 1989

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Investment income$257K · 90%
Contributions & grants$29K · 10%
Investment income90%$257K
Contributions & grants10%$29K
Total revenueLn 12$286K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.13
Program services87%$200K
Management & general13%$30K
Total functional expensesLn 25$230K

Balance Sheet

Part X · end of year
CashLn 1$520K
Total assetsLn 16$5.7M
Total liabilitiesLn 26$9K
Total net assetsLn 32$5.7M
Months of cash on handcomputed27.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $5.5M · Operating expenses/yr $230K
287.4 months
Where the money goes
Program services
Program services $200K · Total expenses $230K
87%
Management & General
Management & general $30K · Total expenses $230K
13%
Fundraising
Fundraising $0 · Total expenses $230K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $168K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $29K · Total revenue $286K
10%
Government reliance
Government grants — · Total revenue $286K
Earned-income share
Program service revenue $0 · Total revenue $286K
0%
Investment reliance
Investment income $257K · Total revenue $286K
+90%
Program self-sufficiency
Program service revenue $0 · Total expenses $230K
0%
Growth & trend
Revenue growth (YoY)
This year $286K · Prior year $322K
-11%
Revenue CAGR
FY2020 $154K · FY2024 $286K
+17%
Net-asset trend (YoY)
End of year $5.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $286K · Expenses $230K
+20%
Liabilities-to-Assets
Total liabilities — · Total assets $5.7M
Net-asset ratio
Net assets $5.7M · Total assets $5.7M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $5.0M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $5.7M
87%
People & payroll
Highest Reported Total Compensation
Individual Michael Hoffman · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $0 · Total expenses $230K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $230K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 13%
Fundraising cost ratio 0%
Revenue growth -11%
Investment management fee ratio 0%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$10K
Grants paid · 4 grants · $721K · 2021–2024
Threshold INCWI · FY2024$200,181
Threshold INCWI · FY2023$183,978
Threshold INCWI · FY2022$175,523
Threshold INCWI · FY2021$161,294

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$286K revenue · viewing · ⤓ 990 PDF
FY2023$322K revenue · ⤓ 990 PDF
FY2022$366K revenue · ⤓ 990 PDF
FY2021$1.2M revenue · ⤓ 990 PDF
FY2020$154K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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