Threshold Retreat INC FY2021 filing

Tax-deductible

East Bend, NC501(c)(3)ReligionEIN 81-4955488Revenue $477K in FY2021

On file with the IRS3817 Shady Grove Church Rd, 27018-8219 · East Bend, NCTax-exempt since Jul 2017Publicly supported charity — 170(b)(1)(A)(vi)

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Providing space for sacred rest and a return to the earth

501(c)(3) charity; gifts are tax-deductible.
2¢ of each $1 spent went to programs.
$62K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
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 $45K a year · 22% 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
2%
of spending
Concern: 2% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$62K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $7K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$477K
+26% vs prior year
Spent
$322K
To programs
2%
Net assets
$700K
By yearFY2020–FY2025
Revenue
$477K
FY2021▲ +26%
Tap a bar for its year
Revenue by fiscal year
FY2020$378K
FY2021$477K
FY2022$228K
FY2023$91K
FY2024$51K
FY2025$20K
Expenses
$322K
FY2021▲ +41%
Tap a bar for its year
Expenses by fiscal year
FY2020$228K
FY2021$322K
FY2022$207K
FY2023$99K
FY2024$52K
FY2025$67K
Net assets
$700K
FY2021▲ +29%
Tap a bar for its year
Net assets by fiscal year
FY2020$544K
FY2021$700K
FY2022$720K
FY2023$712K
FY2024$711K
FY2025$664K

From the FY2021 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2017.

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

Where the money goes

2 cents of each dollar spent went to programs.

Program services 2% · $7K Management & general 98% · $314K

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

8 people listed on the 990; $62K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$62,000Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasuruer
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A

Rev Kelly P Carpenter’s $62K as Executive Director is at the 94th percentile of top reported officer pay among 344 <$100K religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
Rev Kelly P Carpenter$62,000$30,000

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 15aNo

Programs and updates

Offers peaceful retreats for spiritual renewal and connection with nature.

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Provided by the organization

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1 program · $7K · in their own filed words · FY2021
01

Offering educational programming for the advancement of religion, fostering connections to nature and the environment by teaching gardening and sustainability practices, and engagi

$7Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$7K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$477K
Ln 12
Gifts and grantsLn 1h$477K
Money outPt IX
$322K
Ln 25
Programscol B$7K
Managementcol C$314K
Owns and owesPt X
$700K
net assets · Ln 32
Cash and savingsLn 1–2$22K
Total assetsLn 16$704K
LiabilitiesLn 26$4K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$477K
Total revenueLn 12$477K
Assets in detailPt X, end of year
CashLn 1$22K
Cash and savings togetherLn 1–2$22K
Land, buildings, equipmentLn 10c$680K
Other assetsLn 15$3K
Total assetsLn 16$704K
LiabilitiesLn 26$4K
Net assetsLn 32$700K
OperationsPt I, VI
EmployeesI 56
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$8K$22K
Land, buildings, equipmentLn 10c$538K$680K
Total assetsLn 16$548K$704K
LiabilitiesLn 26$4K$4K
Net assetsLn 32$544K$700K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$62K$62K
Other salaries and wagesLn 7$109K$109K
Pension plan contributionsLn 8$6K$6K
Other employee benefitsLn 9$12K$12K
Payroll taxesLn 10$12K$12K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$3K$768$2K
Advertising and promotionLn 12$6K$631$5K
Office expensesLn 13$4K$4K
OccupancyLn 16$5K$5K
TravelLn 17$3K$3K
Conferences, conventions and meetingsLn 19$90$90
InterestLn 20$216$216
Depreciation, depletion and amortizationLn 22$17K$17K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$3K$3K
All other expensesLn 24e$64K$6K$58K
Total functional expensesLn 25$322K$7K$314K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $20K$67K−$47K$664K 990 PDF
FY2024 $51K$52K−$1K$711K 990 PDF
FY2023 $91K$99K−$8K$712K 990 PDF
FY2022 $228K$207K$21K$720K 990 PDF
FY2021 Viewing $477K$322K$155K$700K 990 PDF
FY2020 $378K$228K$150K$544K 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 FY2021 990 (6 parts)
Part I · Summary $477,301 revenue, 12 lines filed
I-8 Contributions and grants$477,301
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$477,301
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$201,640
I-16a Professional fundraising fees$0
I-17 Other expenses$120,192
I-18 Total expenses$321,832
I-19 Revenue less expenses$155,469
Part VI · Governance 4 to look at
VI-1a Voting members of the governing body0
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $477,301 across 3 lines filed
VIII-1f All other contributions, gifts and grants$477,301
VIII-1h Total contributions, gifts and grants$477,301
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$477,301
Part IX · Statement of functional expenses $321,832 across 18 lines filed
IX-5 Pay of current officers, directors and key staffManagement $62,000$62,000
IX-7 Other salaries and wagesManagement $109,130$109,130
IX-8 Pension plan contributionsManagement $5,740$5,740
IX-9 Other employee benefitsManagement $12,283$12,283
IX-10 Payroll taxesManagement $12,487$12,487
IX-11b Legal feesManagement $3,405$3,405
IX-11c Accounting feesManagement $2,925$2,925
IX-11g Other fees for servicesPrograms $768 · Management $2,000$2,768
IX-12 Advertising and promotionPrograms $631 · Management $5,232$5,863
IX-13 Office expensesManagement $3,501$3,501
IX-16 OccupancyManagement $4,699$4,699
IX-17 TravelManagement $3,358$3,358
IX-19 Conferences, conventions and meetingsManagement $90$90
IX-20 InterestManagement $216$216
IX-22 Depreciation, depletion and amortizationManagement $16,833$16,833
IX-23 InsuranceManagement $9,644$9,644
IX-24 Other expenses (24a–d)Management $3,346$3,346
IX-24e All other expensesPrograms $6,012 · Management $57,532$63,544
IX-25 Total functional expensesPrograms $7,411 · Management $314,421 · Fundraising $0$321,832
Part X · Balance sheet $704,136 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $8,065$21,517
X-10c Land, buildings and equipment, netStart of year $537,734$679,548
X-15 Other assetsStart of year $2,203$3,071
X-16 Total assetsStart of year $548,002$704,136
X-25 Other liabilitiesStart of year $3,761$4,426
X-26 Total liabilitiesStart of year $3,761$4,426
X-27 Net assets without donor restrictionsStart of year $544,241$699,710
X-32 Total net assets or fund balancesStart of year $544,241$699,710
X-33 Total liabilities and net assetsStart of year $548,002$704,136
Part XI · Reconciliation of net assets $699,710 net assets at year end
XI-1 Total revenue$477,301
XI-2 Total expenses$321,832
XI-3 Revenue less expenses$155,469
XI-4 Net assets at start of year$544,241
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$699,710

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

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