Civic Intelligence

The Threshold Foundation

990 • Fiscal year 2023 • EIN 13-3028214

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 04, 2024

12 Main Street Pmb 1508Brewster, NY 10509

(914) 257-3598

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$7,467,276

Up $3,383,436 (+83%) from 2022

Net Assets

Up

$7,293,293

Up $3,224,600 (+79%) from 2022

Liabilities

Up

$173,983

Up $158,836 (+1049%) from 2022

Revenue And Expenses

Revenue

Up

$5,954,700

Up $3,547,906 (+147%) from 2022

Expenses

Up

$3,222,534

Up $480,190 (+18%) from 2022

Net Income

Up

$2,732,166

Up $3,067,716 (+914%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2010: $3,177,720Liabilities 2010: $145,644Net Assets 2010: $3,032,0762010Assets 2011: $3,163,459Liabilities 2011: $74,209Net Assets 2011: $3,089,2502011Assets 2012: $3,506,540Liabilities 2012: $221,316Net Assets 2012: $3,285,2242012Assets 2013: $4,284,432Liabilities 2013: $294,386Net Assets 2013: $3,990,0462013Assets 2014: $4,123,607Liabilities 2014: $337,347Net Assets 2014: $3,786,2602014Assets 2015: $3,931,675Liabilities 2015: $197,577Net Assets 2015: $3,734,0982015Assets 2016: $4,102,276Liabilities 2016: $273,268Net Assets 2016: $3,829,0082016Assets 2017: $4,610,350Liabilities 2017: $628,927Net Assets 2017: $3,981,4232017Assets 2018: $4,424,260Liabilities 2018: $419,216Net Assets 2018: $4,005,0442018Assets 2019: $5,028,550Liabilities 2019: $171,229Net Assets 2019: $4,857,3212019Assets 2020: $5,170,945Liabilities 2020: $33,913Net Assets 2020: $5,137,0322020Assets 2021: $5,149,159Liabilities 2021: $91,794Net Assets 2021: $5,057,3652021Assets 2022: $4,083,840Liabilities 2022: $15,147Net Assets 2022: $4,068,6932022Assets 2023: $7,467,276Liabilities 2023: $173,983Net Assets 2023: $7,293,2932023Assets 2024: $8,077,404Liabilities 2024: $502,925Net Assets 2024: $7,574,4792024

Highlighted filing

2023

Assets$7,467,276
Liabilities$173,983
Net Assets$7,293,293

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $1,769,316Expenses 2010: $1,759,673Net Income 2010: $9,6432010Revenue 2011: $2,034,078Expenses 2011: $1,860,413Net Income 2011: $173,6652011Revenue 2012: $2,050,068Expenses 2012: $1,958,516Net Income 2012: $91,5522012Revenue 2013: $2,337,106Expenses 2013: $1,770,930Net Income 2013: $566,1762013Revenue 2014: $2,335,060Expenses 2014: $2,426,892Net Income 2014: -$91,8322014Revenue 2015: $2,549,440Expenses 2015: $2,452,453Net Income 2015: $96,9872015Revenue 2016: $2,594,831Expenses 2016: $2,627,740Net Income 2016: -$32,9092016Revenue 2017: $3,488,409Expenses 2017: $3,628,304Net Income 2017: -$139,8952017Revenue 2018: $3,167,795Expenses 2018: $2,825,176Net Income 2018: $342,6192018Revenue 2019: $3,552,617Expenses 2019: $3,113,899Net Income 2019: $438,7182019Revenue 2020: $2,695,406Expenses 2020: $2,765,218Net Income 2020: -$69,8122020Revenue 2021: $2,369,206Expenses 2021: $2,318,105Net Income 2021: $51,1012021Revenue 2022: $2,406,794Expenses 2022: $2,742,344Net Income 2022: -$335,5502022Revenue 2023: $5,954,700Expenses 2023: $3,222,534Net Income 2023: $2,732,1662023Revenue 2024: $3,723,759Expenses 2024: $3,217,842Net Income 2024: $505,9172024

Highlighted filing

2023

Revenue$5,954,700
Expenses$3,222,534
Net Income$2,732,166
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 4, 2024
Return Version
2023v5.1
Gross Receipts
$6,552,166
Mission and Program Overview

Mission

Threshold foundation (the foundation) is a community of individuals united by our commitment to create a just, joyful, and generative world. For more than three decades, the foundation has been a catalyst for social and environmental change by seeding hundreds of nascent organizations, and by supporting the inception of multiple donor networks and socially responsible businesses throughout the world. We are a multi-generational membership organization devoted to aligning our resources with our values while fostering a fertile training ground for the full and authentic expression of our passions and purpose.

To create a just, joyful,and generative world by raising and distributing funds for philanthropic purposes to innovative non-profit organizations in the areas of enviromental sustainability, civic participation, and social justice.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,727,637$5,950,484▲ $3,222,847
Cash and Non-Interest-Bearing Accounts$943,183$1,167,717▲ $224,534
Investments Program Related$305,000$265,000▼ $40,000
Prepaid Expenses and Deferred Charges$103,803$81,481▼ $22,322
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$4,083,840$7,467,276▲ $3,383,436
Other Assets Total$4,217$2,594▼ $1,623
Liabilities
Accounts Payable and Accrued Expenses$15,147$169,361▲ $154,214
Other Liabilities-$4,622-
Total Liabilities$15,147$173,983▲ $158,836
Net Assets / Fund Balance
Net Assets With Donor Restrictions$427,953$6,118,661▲ $5,690,708
Net Assets Without Donor Restrictions$3,640,740$1,174,632▼ $2,466,108
Total Net Assets Fund Balance$4,068,693$7,293,293▲ $3,224,600
Total Liabilities and Net Assets / Fund Balance$4,083,840$7,467,276▲ $3,383,436

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$7,665$7,665
Investment Program Related Org$20,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$2,797,360$2,252,251▲ $647,437-$5,697,048
2022$3,452,080$6,500▼ $649,151$12,069$2,797,360
2021$3,293,375-▲ $295,705$137,000$3,452,080
2020$3,111,308$37,520▲ $349,238$204,691$3,293,375
2019$2,605,872$16,000▲ $489,436-$3,111,308
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Isaac GravesCOO/fdn DirectorFT$126,085$31,674$157,759
Carolyn PincusDirectorFT$112,083$12,504$124,587

Board Members and Trustees

NameTitle
Marsela PecanacPresident
Brad CoyBoard Member
Emily SchwartzBoard Member
Jim GollinBoard Member
Leonard SobczakBoard Member
Karen SwiftFormr Treasure
Josh MailmanSecretary
James FerrariTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,488,973
Program Service Revenue
$240,561
Investment Income
$206,596
Other Revenue
$18,570
All Other Contributions
$5,107,747
Change in Net Assets
$2,732,166

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded64$492,353Fair Market Value (FMV)
Total Noncash Contributions64$492,353-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,913,261
Revenue Not Reported on Financial Statements
$41,439
Revenue Not Reported on Form 990
$492,434
Other Revenue Adjustments
$18,570
Total Revenue per Audited Statements
$6,405,695
Total Revenue per Form 990
$5,954,700
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,297,409
Other Expenses$626,410
Salaries, Compensation, and Employee Benefits$298,715
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,297,409--$2,297,409
Conferences and Meetings$432,341--$432,341
Current Officers, Directors, Trustees, and Key Employees$85,004$72,755-$157,759
Other Salaries and Wages$56,212$48,112-$104,324
Fees for Services Accounting-$92,477-$92,477
Other Employee Benefits$19,738$16,894-$36,632
Fees for Service Investment Mgmnt Fees-$22,869-$22,869
Fees for Services Other$1,150$21,346-$22,496
Office Expenses$11,063$9,117-$20,180
Fees for Services Legal-$9,283-$9,283
Insurance$2,154$1,763-$3,917
Travel-$501-$501
Other Expenses$1,062$417-$417
Total Functional Expenses$2,917,111$305,423$0$3,222,534

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,222,534
Expenses per Audited Statements$3,181,095
Total Expenses per Audited Statements$3,181,095
Expenses Not Reported on Financial Statements$41,439
Other Expense Adjustments$18,570
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ekvn-YefolecvWeogufka, AL-Project-related Conservation$315,325
Mileston Cooperative AssociatTchula, MS-General and Project-related Support$200,800
Groundswell Action FundSan Francisco, CA-Advance Reproductive Justice$100,000
Partnership Policy IntegrityPelham, MA-General Support$100,000
The North FundWashington, DC-General Support$100,000
Global Justice Ecology ProjecBuffalo, NY-General Support$85,000
Sogorea Te Land TrustOakland, CA-General Support$72,000
Planting JusticeOakland, CA-General Support$63,000
Council for Healthy Food SystCameron, TX-General Support$60,000
Equality FederationPortland, OR-General Support$58,215
New Israel FundPhiladelphia, PA-General Support Physicians Human Ri$53,500
Earth Island InstituteBerkeley, CA-Healthy Soils National Network$50,000
Tides FoundationLos Angeles, CA-Advance Reproductive Justice$48,800
Way to Rise PhilanthropicNew York, NY-Advance Reproductive Justice$48,800
One Voice Movement PeaceworksNew York, NY-General Support Zimam$43,000
ArtsXChangeEast Point, GAC4General Support$41,414
Audit USATuscon, AZ-Fair Elections Funding$40,000
Coalition for Good GoveranceCrestone, CO-Fair Elections Funding$40,000
DocsocietyBrooklyn, NY-Film Unlocked$40,000
Middle East Peace DialogPikesville, MD-General Support Kelman Institute$40,000
Pef Israel Endowment FundNew York, NY-General Support Mosaica$40,000
Tanka FundKyle, SD-General Support$39,565
Farm and Ranch Freedom AllianCameron, TX-General Support$35,000
Midwest Environmental AdvocatMadison, WI-General Support$35,000
Friends of Amal TikvaPhiladelphia, PA-General Support Amal Tikva$32,500
Abenaki Helping AbenakiBarton, VTC4General Support$30,800
Jubilee JusticeAlexandria, LA-General Support$30,015
Running Strong for Amer IndnAlexandria, VA-General Support$30,000
Utah Film CenterSalt Lake City, UT-General Support$30,000
Friends of RootsDallas, TX-General Support Roots$29,000
Earth Law CenterDurango, CO-General Support$28,815
Valley VerdeSan Jose, CA-General Support$26,815
The Mosaic ProjectOakland, CA-General Support$26,165
Ecdysis FoundationEstelline, SD-General Support$25,000
Our Childrens Earth FdnNapa, CA-General Support$25,000
Verified VotingPhiladelphia, PA-Fair Elections Funding$25,000
Woman Make MoviesNew York, NY-General Support$25,000
Xceptional CommunicationsOlivebridge, NY-Film Story of Amy Goodwin$25,000
Deep Medicine CircleOakland, CA-General Support$24,565
City Surf ProjectSan Francisco, CA-General Support$24,315
Free Speech for PeopleAustin, TX-Fair Elections Funding$23,000
Public Citizen IncWashington, DC-Democracy Campaign$22,000
Law ForwardMadison, WI-Election Security$20,000
Southern Partners FundAtlanta, GA-General Support$20,000
Netroots ScrutineersSan Francisco, CA-The After Project$15,000
Parents CircleNew York, NY-General Support$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Conference Revenue$4,622
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The federal form 990 is reviewed by the board president, treasurer,and foundation director and provided to the full board of directors before filing with the internal revenue service.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Form 990 Part VI Section B Line 12C

The foundation seeks to conduct its grant making and other activities in a way that is honest, open, fair, and merit-based. Grant making process participants are required to fully disclose any current or past relationship with a grant seeker,as described in paragraph three. Such a potential conflict of interest is to be disclosed to thier fellow funding circle members when the organization is being considered for evaluation or funding. Board members and executives should also disclose a potential conflict of interest when threshold foundation is considering an organization or person to contract with for services. Board members and executives sign a conflict of interest policy disclosure statement annually.circle members who are sponsers or who have a significant potential conflict of interest will recuse themselves from the board's decision making process in regard to the business item in question. Similarly, board members and executives should recuse themselves from decision making meetings in regard to contracting with an organization or person with whom the member or executive has a conflict of interest. In such cases, the sponser, board member, or executive may still participate in the general discussion of the organization, but must afterward leave the room, permitting the final discussion and decision to be made in his/her absence.

Form 990 Part VI Section B Line 15B

The salary of the foundation director, isaac graves, is based on observing salary level of other similar organizations. In 2022, as a bench mark, threshold hired an outside consultant to perform this compensation survey. For 2023 and all subsequent years, any salary changes are reevaluated, reviewed, and approved by the board of directors.

Fprm 990 Part VI Section C Line 19

The foundation makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Threshold Foundation
EIN
13-3028214
Phone
9142573598
Address
12 MAIN STREET PMB 1508, BREWSTER, NY 10509

Signing Officer

Name
Isaac Graves
Title
COO
Signed
2024-10-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Isaac Graves
Formed
1979
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
2
Volunteers
60

Preparer

Firm
Adeptus Advisors LLC
Address
244 WEST 54TH STREET 9TH FLOOR, NEW YORK, NY 10019
Preparer
Howard S Krant
Phone
2127588050
Supplemental Narrative

Additional Explanations

Amended Explanation

Original return was filed incorrectly.

Form 990 Part III Line 1

Seeding hundreds of nascent organizations, and by supporting the inception of multiple donor networks and socially responsible businesses throughout the world. We are a multi-generational membership organization devoted to aligning our resources with our values while fostering a fertile training ground for the full and authentic expression of our passions and purpose.

Form 990 Part XII Line 2C

The process has not changed from prior year.

Financial Statement Notes

Part X : FIN48 Footnote

The foundation is a non-profit organization that is generally exempt from federal income taxes under section 501(c)(3) of the internal revenue code, although it is taxed on any business income that is not substantially related to the foundation's exempt purpose. The foundation did not have any unrelated business income for the year ended december 31, 2023.federal tax law requires that the foundation be oeprated in a manner consistent with its initial exemption application in order to maintain exempt status. Management has analyzed its operations and concluded that they remain in compliance with the requirements for exemption.accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the foundation and recognize a tax liability (or asset) for any uncertain tax position that more likely than not would not be sustained upon examination by the internal revenue service.the foundation's management has analyzed its tax positions, and has concluded that as of decmber 31, 2023, there are no uncertain tax positions taken or expected to be taken that would require recognition or disclosure in the financial statements. The foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes it is no longer subject to income tax examinations for years prior to 2019.

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

Add back netted out ertc refund $18570

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

Add back netted out ertc refund $18570

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.08$0.50$7.57$3.72$3.22$0.51
2023Detailed filing. Detailed filing data is available for this year.$7.47$0.17$7.29$5.95$3.22$2.73
2022Detailed filing. Detailed filing data is available for this year.$4.08$0.02$4.07$2.41$2.74$0.34
2021Detailed filing. Detailed filing data is available for this year.$5.15$0.09$5.06$2.37$2.32$0.05
2020Detailed filing. Detailed filing data is available for this year.$5.17$0.03$5.14$2.70$2.77$0.07
2019Detailed filing. Detailed filing data is available for this year.$5.03$0.17$4.86$3.55$3.11$0.44
2018Detailed filing. Detailed filing data is available for this year.$4.42$0.42$4.01$3.17$2.83$0.34
2017Detailed filing. Detailed filing data is available for this year.$4.61$0.63$3.98$3.49$3.63$0.14
2016Summary only. Only limited summary data is available for this year.$4.10$0.27$3.83$2.59$2.63$0.03
2015Summary only. Only limited summary data is available for this year.$3.93$0.20$3.73$2.55$2.45$0.10
2014Summary only. Only limited summary data is available for this year.$4.12$0.34$3.79$2.34$2.43$0.09
2013Summary only. Only limited summary data is available for this year.$4.28$0.29$3.99$2.34$1.77$0.57
2012Summary only. Only limited summary data is available for this year.$3.51$0.22$3.29$2.05$1.96$0.09
2011Summary only. Only limited summary data is available for this year.$3.16$0.07$3.09$2.03$1.86$0.17
2010Summary only. Only limited summary data is available for this year.$3.18$0.15$3.03$1.77$1.76$0.01