Operation Threshold INC

Tax-deductible

Waterloo, IA501(c)(3)Since 1964EIN 42-0982549Revenue $12.6M in FY2025

On file with the IRSoperationthreshold.orgPo Box 4120, 50704-4120 · Waterloo, IATax-exempt since Oct 1983Publicly supported charity — 170(b)(1)(A)(vi)

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Operation Threshold will collaborate, educate and provide services to help meet the basic needs of people and create opportunities for self-sufficiency.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Run by 17 volunteers and 50 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $18K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$92K
to officers and key staff · 0.7% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $215K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.2M
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$12.6M
+3% vs prior year
Spent
$12.4M
To programs
91%
Net assets
$4.6M
By yearFY2020–FY2025
Revenue
$12.6M
FY2025▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$10.8M
FY2021$12.4M
FY2022$16.2M
FY2023$13.5M
FY2024$12.2M
FY2025$12.6M
Expenses
$12.4M
FY2025-0.4%
Tap a bar for its year
Expenses by fiscal year
FY2020$10.9M
FY2021$12.2M
FY2022$16.1M
FY2023$13.6M
FY2024$12.5M
FY2025$12.4M
Net assets
$4.6M
FY2025▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.3M
FY2021$4.5M
FY2022$4.6M
FY2023$4.6M
FY2024$4.4M
FY2025$4.6M

From the FY2025 Form 990 (year ending September 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1983.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $11.3M Management & general 7% · $840K Fundraising 3% · $310K

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

14 people listed on the 990; $92K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$91,702Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Barbara a Grant$91,702$91,672$95,051$84,504$80,156$74,687
Leian Kammeyer—$75,986$85,905$69,859$63,219$62,075

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Provides resources and support to help people meet basic needs and achieve self-sufficiency.

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Provided by the organization

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3 programs · $4.7M · in their own filed words · FY2024
01

Low-Income Home Energy Assistance Program

Provides low-income households with a one time per year payment to help defray the costs to heat their homes in the winter. In addition, it provides crisis assistance to prevent utility disconnections, reconnect utilities, and REPAIR/REPLACE inoperable furnaces.

$2.9Mprogram expense
02

Women, Infants, and Children Program

Provides nutrition, education and food benefits to income eligible pregnant women, breastfeeding mothers and children up to age five. In fiscal year 2025 the program served 5,079 participants in its four county region.

$1.3Mprogram expense
03

Weatherization Program

Program works to reduce heating and cooling cost for eligible households by installing insulation, repairing or replacing furnaces AND/OR water heaters, and replacing refrigerators and freezers when necessary.

$445Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$215K
See all 3 funders →
Grants paid · 29 grants · $21.0M · 2019–2024
Unitemized GrantFY2024$1,929,763
Unitemized GrantFY2024$461,258
Unitemized GrantFY2024$19,665
Unitemized GrantFY2024$12,708
Unitemized GrantFY2023$2,057,246
Unitemized GrantFY2023$520,773
Unitemized GrantFY2023$32,545
Unitemized GrantFY2023$17,076
Unitemized GrantFY2022$2,111,481
Unitemized GrantFY2022$1,443,355
Unitemized GrantFY2022$31,693
Unitemized GrantFY2022$21,318
Unitemized GrantFY2022$16,516
Unitemized GrantFY2021$4,363,721
Unitemized GrantFY2021$2,023,325
Unitemized GrantFY2021$94,856
Unitemized GrantFY2021$72,111
Unitemized GrantFY2021$9,871
See all 29 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$12.6M
Ln 12
Gifts and grantsLn 1h$12.2M
Fees for servicesLn 2g$317K
Other incomeLn 4–11$93K
Money outPt IX
$12.4M
Ln 25
Programscol B$11.3M
Managementcol C$840K
Fundraisingcol D$310K
Owns and owesPt X
$4.6M
net assets · Ln 32
Cash and savingsLn 1–2$2.1M
Total assetsLn 16$5.7M
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$12.2M
Government grantsLn 1e$12.0M
Noncash giftsLn 1g$4.6M
Fees for servicesLn 2g$317K
Investment incomeLn 3$4K
Other incomeLn 4–11$93K
Total revenueLn 12$12.6M
Assets in detailPt X, end of year
SavingsLn 2$2.1M
Cash and savings togetherLn 1–2$2.1M
InvestmentsLn 11–13$45K
Land, buildings, equipmentLn 10c$2.8M
Total assetsLn 16$5.7M
LiabilitiesLn 26$1.2M
Net assetsLn 32$4.6M
OperationsPt I, VI
EmployeesI 550
VolunteersI 617
Fiscal year endsHeaderSeptember
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 FY25End FY25
Cash and savingsLn 1–2$1.2M$2.1M
InvestmentsLn 11–13$46K$45K
Land, buildings, equipmentLn 10c$2.9M$2.8M
Total assetsLn 16$5.4M$5.7M
LiabilitiesLn 26$1.1M$1.2M
Net assetsLn 32$4.4M$4.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$8.0M$8.0M
Pay of current officers, directors and key staffLn 5$117K$117K
Other salaries and wagesLn 7$1.9M$1.5M$323K$138K
Pension plan contributionsLn 8$176K$130K$32K$14K
Other employee benefitsLn 9$267K$200K$47K$20K
Payroll taxesLn 10$140K$101K$27K$12K
Legal feesLn 11b$120$84$36
Accounting feesLn 11c$36K$36K
Other fees for servicesLn 11g$681K$566K$80K$34K
Advertising and promotionLn 12$248$174$74
OccupancyLn 16$296K$296K
TravelLn 17$33K$24K$7K$3K
Depreciation, depletion and amortizationLn 22$154K$43K$77K$33K
InsuranceLn 23$142K$39K$72K$31K
Other expenses (24a–d)Ln 24$372K$300K$50K$22K
All other expensesLn 24e$92K$81K$8K$3K
Total functional expensesLn 25$12.4M$11.3M$840K$310K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $12.6M$12.4M$179K$4.6M 990 PDF
FY2024 $12.2M$12.5M−$222K$4.4M 990 PDF
FY2023 $13.5M$13.6M−$51K$4.6M 990 PDF
FY2022 $16.2M$16.1M$159K$4.6M 990 PDF
FY2021 $12.4M$12.2M$170K$4.5M 990 PDF
FY2020 $10.8M$10.9M−$126K$4.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $12,580,869 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $11,928,091$12,166,722
I-9 Program service revenuePrior year $299,189$317,119
I-10 Investment incomePrior year $2,648$3,891
I-11 Other revenuePrior year $4,827$93,137
I-12 Total revenuePrior year $12,234,755$12,580,869
I-13 Grants and similar amounts paidPrior year $7,981,645$7,978,705
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,553,296$2,616,823
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,921,805$1,805,997
I-18 Total expensesPrior year $12,456,746$12,401,525
I-19 Revenue less expensesPrior year −$221,991$179,344
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $12,580,869 across 8 lines filed
VIII-1e Government grants$12,008,683
VIII-1f All other contributions, gifts and grants$158,039
VIII-1g Noncash contributions (included above)$4,645,384
VIII-1h Total contributions, gifts and grants$12,166,722
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $317,119$317,119
VIII-3 Investment incomeExcluded from tax $3,891$3,891
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $93,137$93,137
VIII-12 Total revenueRelated to mission $317,119 · Unrelated business $0 · Excluded from tax $97,028$12,580,869
Part IX · Statement of functional expenses $12,401,525 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $7,978,705$7,978,705
IX-5 Pay of current officers, directors and key staffManagement $116,720$116,720
IX-7 Other salaries and wagesPrograms $1,456,210 · Management $322,705 · Fundraising $138,302$1,917,217
IX-8 Pension plan contributionsPrograms $129,683 · Management $32,199 · Fundraising $13,800$175,682
IX-9 Other employee benefitsPrograms $199,912 · Management $47,216 · Fundraising $20,235$267,363
IX-10 Payroll taxesPrograms $101,385 · Management $26,919 · Fundraising $11,537$139,841
IX-11b Legal feesManagement $84 · Fundraising $36$120
IX-11c Accounting feesPrograms $35,500$35,500
IX-11g Other fees for servicesPrograms $566,147 · Management $80,310 · Fundraising $34,419$680,876
IX-12 Advertising and promotionManagement $174 · Fundraising $74$248
IX-16 OccupancyPrograms $296,141$296,141
IX-17 TravelPrograms $23,552 · Management $6,756 · Fundraising $2,896$33,204
IX-22 Depreciation, depletion and amortizationPrograms $43,286 · Management $77,366 · Fundraising $33,157$153,809
IX-23 InsurancePrograms $39,442 · Management $71,729 · Fundraising $30,741$141,912
IX-24 Other expenses (24a–d)Programs $299,676 · Management $50,470 · Fundraising $21,629$371,775
IX-24e All other expensesPrograms $81,296 · Management $7,782 · Fundraising $3,334$92,412
IX-25 Total functional expensesPrograms $11,250,935 · Management $840,430 · Fundraising $310,160$12,401,525
Part X · Balance sheet $5,705,869 assets, 15 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,239,100$2,116,024
X-3 Pledges and grants receivableStart of year $1,088,057$612,689
X-8 Inventories for sale or useStart of year $56,002$65,926
X-9 Prepaid expenses and deferred chargesStart of year $124,388$97,096
X-10c Land, buildings and equipment, netStart of year $2,887,135$2,769,446
X-11 Publicly traded securitiesStart of year $46,300$44,688
X-16 Total assetsStart of year $5,440,982$5,705,869
X-17 Accounts payable and accrued expensesStart of year $279,728$215,312
X-19 Deferred revenueStart of year $28,673$234,123
X-25 Other liabilitiesStart of year $197,828$197,965
X-26 Total liabilitiesStart of year $1,065,075$1,152,230
X-27 Net assets without donor restrictionsStart of year $1,540,337$1,736,553
X-28 Net assets with donor restrictionsStart of year $2,835,570$2,817,086
X-32 Total net assets or fund balancesStart of year $4,375,907$4,553,639
X-33 Total liabilities and net assetsStart of year $5,440,982$5,705,869
Part XI · Reconciliation of net assets $4,553,639 net assets at year end
XI-1 Total revenue$12,580,869
XI-2 Total expenses$12,401,525
XI-3 Revenue less expenses$179,344
XI-4 Net assets at start of year$4,375,907
XI-5 Net unrealized gains (losses) on investments−$1,612
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,553,639

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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