The Threshold Incorporated

990 • Fiscal year 2021 • EIN 39-1102430

Jan 01, 2021 to Dec 31, 2021 • Filed on Jul 28, 2022

Organization Profile WWW.THRESHOLDINC.ORG

600 Rolfs AvenueWest Bend, WI 53090

(262) 338-1188

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

$17,151,603

Up $2,829,681 (+20%) from 2020

Net Assets

$16,791,926

Up $2,821,537 (+20%) from 2020

Liabilities

$359,677

Up $8,144 (+2.3%) from 2020

Revenue And Expenses

Revenue

$6,539,239

Up $1,939,683 (+42%) from 2020

Expenses

Down

$4,502,180

Down $62,912 (-1.4%) from 2020

Net Income

$2,037,059

Up $2,002,595 (+5811%) from 2020

Historical Trend

Balance Sheet Trend

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

Highlighted filing

2021

Assets$17,151,603

Liabilities$359,677

Net Assets$16,791,926

Open 2021 Filing

Operations Trend

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

Highlighted filing

2021

Revenue$6,539,239

Expenses$4,502,180

Net Income$2,037,059

Open 2021 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2021 to Dec 31, 2021
Signed: Jul 28, 2022
Return Version: 2021v4.2
Gross Receipts: $6,881,980

Mission and Program Overview

Mission

The threshold incorporated provides programs and services for children under 3 years of age and adults 18 years and older with disabilities in southeastern wisconsin, particularly washington and surrounding counties.

Programs/services for children under 3 and adults 18+ years with disabilities in southeastern wi.

Balance Sheet Detail

Line	Beginning	End	Change
Assets
Land, Buildings, and Equipment, Net	$7,415,663	$7,216,000	▼ $199,663
Savings and Temporary Cash Investments	$1,553,425	$3,674,880	▲ $2,121,455
Investments in Publicly Traded Securities	$659,414	$635,836	▼ $23,578
Accounts Receivable	$356,967	$529,565	▲ $172,598
Prepaid Expenses and Deferred Charges	$30,147	$23,245	▼ $6,902
Cash and Non-Interest-Bearing Accounts	-	$1,000	-
Total Assets	$14,321,922	$17,151,603	▲ $2,829,681
Other Assets Total	$4,306,306	$5,071,077	▲ $764,771
Liabilities
Accounts Payable and Accrued Expenses	$343,708	$351,852	▲ $8,144
Other Liabilities	$7,825	$7,825	→ $0
Total Liabilities	$351,533	$359,677	▲ $8,144
Net Assets / Fund Balance
Net Assets Without Donor Restrictions	$9,628,285	$11,702,999	▲ $2,074,714
Net Assets With Donor Restrictions	$4,342,104	$5,088,927	▲ $746,823
Total Net Assets Fund Balance	$13,970,389	$16,791,926	▲ $2,821,537
Total Liabilities and Net Assets / Fund Balance	$14,321,922	$17,151,603	▲ $2,829,681

Asset Categories

Asset	Book Value	Depreciation	Basis
Buildings	$4,715,854	$3,789,225	$8,505,079
Land	$2,203,909	-	$2,203,909
Equipment	$296,237	$880,410	$1,176,647
Other Assets Org	$6,127	-	-

Endowment Activity

Period	Beginning	Contrib.	Gain/Loss	Other Uses	End
2021	$4,306,306	-	▲ $676,379	-	$4,982,685
2020	$3,933,403	$27,476	▲ $503,782	$154,785	$4,306,306
2019	$3,425,149	$35,020	▲ $626,586	$151,912	$3,933,403
2018	$3,733,805	$16,219	▼ $168,094	$155,144	$3,425,149
2017	$3,417,063	$6,721	▲ $462,474	$151,353	$3,733,805

Compensation and Service Providers

Employees

Name	Title	Full / Part Time	Base	Other	Total
John Bloor	Executive Director	FT	$115,464	$20,782	$136,246

Board Members and Trustees

Name	Title
Andrea Kaehny	Past President
Phil Sutter	President
Chad Uebersetzig	Vice President
Burn Mcllvried	Board Member
Don Betters	Board Member
Jacci Gambucci	Board Member
Jill Corbett	Board Member
Martha Merten	Board Member
Scott Matheson	Board Member
Sue Garman	Board Member
Tom Hostad	Board Member
Travis Livingood	Board Member
Amy Salberg	Secretary
Gretchen Vickney	Treasurer

Revenue and Support

Revenue Composition

Contributions and Grants: $2,588,650
Program Service Revenue: $3,819,369
Investment Income: $17,583
Other Revenue: $113,637
All Other Contributions: $1,030,993
Change in Net Assets: $2,037,059

Audited Revenue Reconciliation

Revenue per Audited Statements: $6,539,239
Revenue Not Reported on Financial Statements: $0
Revenue Not Reported on Form 990: $218,909
Total Revenue per Audited Statements: $6,758,148
Total Revenue per Form 990: $6,539,239

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Salaries, Compensation, and Employee Benefits	$3,457,856
Other Expenses	$1,044,324
Total Fundraising Expense	$2,825
Grants and Similar Amounts Paid	$0
Professional Fundraising Fees	$0

Functional Expense Allocation

Line Item	Program	Management	Fundraising	Total
Other Salaries and Wages	$1,991,380	$503,656	-	$2,495,036
Other Employee Benefits	$454,791	$111,844	-	$566,635
Fees for Services Other	$288,714	$2,217	-	$290,931
Depreciation Depletion	$185,721	$12,853	-	$198,574
Payroll Taxes	$150,932	$40,680	-	$191,612
Occupancy	$178,988	$11,622	-	$190,610
Current Officers, Directors, Trustees, and Key Employees	$107,321	$28,926	-	$136,247
Office Expenses	$102,736	$14,576	-	$117,312
Pension Plan Contributions	$53,820	$14,506	-	$68,326
Information Technology	$59,777	$8,481	-	$68,258
Other Expenses	$9,028	$9,434	$2,825	$21,287
Insurance	$13,275	$1,883	-	$15,158
Advertising	$7,688	$1,091	-	$8,779
Total Functional Expenses	$3,734,437	$764,918	$2,825	$4,502,180

Audited Expense Reconciliation

Line Item	Amount
Total Expenses per Audited Statements	$4,695,255
Expenses per Audited Statements	$4,502,180
Total Expenses per Form 990	$4,502,180
Expenses Not Reported on Form 990	$193,075
Expenses Not Reported on Financial Statements	$0

Fundraising, Events, and Gaming

Fundraising activities: Yes
Gaming activities: No
Professional fundraiser used: No

Fundraising and Gaming Totals

Line Item	Amount
Fundraising Direct Expenses	$10,235
Fundraising Gross Income	$75
Professional Fundraising Fees	$0

Fundraising Events

Event	Gross Receipts	Gross Revenue	Direct Expenses	Net Income
Sweepstakes	$42,426	$75	$4,735	$-4,660
Total Events	$42,426	$75	$10,235	$-10,160

Political and Lobbying Activity

Political campaign activity: No
Lobbying activity: No
Subject to proxy tax: No

Organization	Location	Activity	Code	Public Charity	Controlled
The Threshold Foundation Inc	West Bend, WI	Support	501(c)(3)	Line 12a, I	No

Debt and Bond Financing

Other Reported Liabilities

Liability	Amount
Security Deposit	$7,825

Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant: No
Annual disclosure for covered persons: Yes
Audit committee: 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: No
CEO compensation reviewed: Yes
Other officer compensation reviewed: No
Conflict-of-interest policy: Yes
Audited financial statements prepared: Yes
Key decisions subject to board approval: No
Management duties delegated: No

Governance Explanations

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

“A first review is done by the administration; then, the executive committee of the board of directors, with authorization of the board, reviews and approves the form 990. The board is then informed about the filing.”

Form 990, Part VI, Section B, Line 12C

“Each year the full threshold board of directors, at an officially called meeting, reviews the conflict of interest policy; each board member then signs a statement of compliance with the policy which is held on record.”

Form 990, Part VI, Section B, Line 15A

“An executive committee of the board of directors is comprised of independent persons and is charged by the board to execute an annual review and recommendation of the executive director's compensation; the executive committee uses an annual salary survey for comparability data the survey is conducted by rehabilitation for wisconsin (rfw). Rfw is a private, statewide, not-for-profit association of community rehabilitation program of which threshold is a member the comparable data available from the survey includes salary by position, salary relative to the size of the entity, etc.; upon completing its review, the executive committee submits a recommended compensation to the board; the full board then acts on the recommendation and contemporaneous substantiation of the deliberation and decision is maintained in board records.”

Form 990, Part VI, Section C, Line 19

“Threshold makes its governing documents, conflict of interest policy, and financial statements available to the public at its principal administrative offices during normal business hours, and in response to written requests received at its principal administrative offices.”

Filing and Contact Details

Filer

Filer Name: The Threshold Incorporated
EIN: 39-1102430
Phone: 2623381188
Address: 600 ROLFS AVENUE, WEST BEND, WI 53090

Signing Officer

Name: Don Betters
Title: Treasurer
Phone: 2623381188
Signed: 2022-07-28
Discuss with paid preparer: Yes

Organization Details

Principal Officer: John Bloor
Formed: 1968
Legal Domicile: Wi
Voting Board Members: 14
Independent Board Members: 14
Employees: 179
Volunteers: 30

Preparer

Firm: Sikich Llp
Address: 13400 BISHOPS LANE SUITE 300, BROOKFIELD, WI 53005
Preparer: Bridgette Mugge
Phone: 2627549400

Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in interest of threshold foundation 758,644.”

Financial Statement Notes

PART V, LINE 4:

“The threshold foundation, inc. Holds endowment funds which are board designated or quasi-endowment and have an intended use of supporting the threshold incorporated's programs.”

PART X, LINE 2:

“The organization is a not-for-profit organization which is exempt from income taxes under section 501(c)(3) of the internal revenue code as other than a private foundation.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising event expenses 10,235. Rent expenses 182,840.”

PART XII, LINE 2D - OTHER ADJUSTMENTS: