Civic Intelligence

The Threshold Foundation Inc

EIN 39-1525008 • 501(c)3 • West Bend, WI

Profile

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

600 Rolfs AveWest Bend, WI 53090

thresholdinc.org/FOUNDATION

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

13th percentile

0.00x

Higher debt load relative to assets than 13% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

23rd percentile

0.03x

Higher debt load relative to revenue than 23% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

73rd percentile

20%

Higher net margin than 73% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

61st percentile

8.7%

Faster asset growth than 61% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

19th percentile

-11%

Faster revenue growth than 19% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$5,711,203

Up $458,870 (+8.7%) from 2023

Liabilities

Up

$9,352

Up $9,352 from 2023

Net Assets

Up

$5,701,851

Up $449,518 (+8.6%) from 2023

Revenue

Down

$285,991

Down $36,351 (-11%) from 2023

Expenses

Up

$229,848

Up $17,444 (+8.2%) from 2023

Net Income

Down

$56,143

Down $53,795 (-49%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2011: $3,157,978Liabilities 2011: $7,450Net Assets 2011: $3,150,5282011Assets 2012: $3,361,430Liabilities 2012: $7,390Net Assets 2012: $3,354,0402012Assets 2013: $3,396,916Liabilities 2013: $9,127Net Assets 2013: $3,387,7892013Assets 2014: $3,418,689Liabilities 2014: $2,360Net Assets 2014: $3,416,3292014Assets 2015: $3,376,082Liabilities 2015: $0Net Assets 2015: $3,376,0822015Assets 2016: $3,417,063Liabilities 2016: $0Net Assets 2016: $3,417,0632016Assets 2017: $3,733,805Liabilities 2017: $0Net Assets 2017: $3,733,8052017Assets 2018: $3,425,149Liabilities 2018: $0Net Assets 2018: $3,425,1492018Assets 2019: $3,933,403Liabilities 2019: $0Net Assets 2019: $3,933,4032019Assets 2020: $4,306,306Liabilities 2020: $0Net Assets 2020: $4,306,3062020Assets 2021: $5,228,866Liabilities 2021: $0Net Assets 2021: $5,228,8662021Assets 2022: $4,684,964Liabilities 2022: $0Net Assets 2022: $4,684,9642022Assets 2023: $5,252,333Liabilities 2023: $0Net Assets 2023: $5,252,3332023Assets 2024: $5,711,203Liabilities 2024: $9,352Net Assets 2024: $5,701,8512024

Highlighted filing

2024

Assets$5,711,203
Liabilities$9,352
Net Assets$5,701,851

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $635,736Expenses 2011: $153,152Net Income 2011: $482,5842011Expenses 2012: $158,1392012Revenue 2013: $185,395Expenses 2013: $550,311Net Income 2013: -$364,9162013Revenue 2014: $250,359Expenses 2014: $155,520Net Income 2014: $94,8392014Revenue 2015: $308,096Expenses 2015: $161,086Net Income 2015: $147,0102015Revenue 2016: $140,555Expenses 2016: $167,317Net Income 2016: -$26,7622016Revenue 2017: $199,511Expenses 2017: $170,226Net Income 2017: $29,2852017Revenue 2018: $237,705Expenses 2018: $174,913Net Income 2018: $62,7922018Revenue 2019: $201,505Expenses 2019: $171,527Net Income 2019: $29,9782019Revenue 2020: $153,941Expenses 2020: $177,183Net Income 2020: -$23,2422020Revenue 2021: $1,226,899Expenses 2021: $184,549Net Income 2021: $1,042,3502021Revenue 2022: $365,822Expenses 2022: $200,460Net Income 2022: $165,3622022Revenue 2023: $322,342Expenses 2023: $212,404Net Income 2023: $109,9382023Revenue 2024: $285,991Expenses 2024: $229,848Net Income 2024: $56,1432024

Highlighted filing

2024

Revenue$285,991
Expenses$229,848
Net Income$56,143

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.71$0.01$5.70$0.29$0.23$0.06
2023Detailed filing. Detailed filing data is available for this year.$5.25$0.00$5.25$0.32$0.21$0.11
2022Detailed filing. Detailed filing data is available for this year.$4.68$0.00$4.68$0.37$0.20$0.17
2021Detailed filing. Detailed filing data is available for this year.$5.23$0.00$5.23$1.23$0.18$1.04
2020Detailed filing. Detailed filing data is available for this year.$4.31$0.00$4.31$0.15$0.18$0.02
2019Detailed filing. Detailed filing data is available for this year.$3.93$0.00$3.93$0.20$0.17$0.03
2018Detailed filing. Detailed filing data is available for this year.$3.43$0.00$3.43$0.24$0.17$0.06
2017Detailed filing. Detailed filing data is available for this year.$3.73$0.00$3.73$0.20$0.17$0.03
2016Detailed filing. Detailed filing data is available for this year.$3.42$0.00$3.42$0.14$0.17$0.03
2015Detailed filing. Detailed filing data is available for this year.$3.38$0.00$3.38$0.31$0.16$0.15
2014Detailed filing. Detailed filing data is available for this year.$3.42$0.00$3.42$0.25$0.16$0.09
2013Detailed filing. Detailed filing data is available for this year.$3.40$0.01$3.39$0.19$0.55$0.36
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.36$0.01$3.35$0.16
2011Summary only. Only limited summary data is available for this year.$3.16$0.01$3.15$0.64$0.15$0.48
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 8, 2025
Return Version
2024v5.2
Gross Receipts
$380,116
Mission and Program Overview

Mission

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

Established to support the threshold incorporated provide services to people with disabilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,494,421$4,985,416▲ $490,995
Savings and Temporary Cash Investments$565,909$519,924▼ $45,985
Accounts Receivable-$3,708-
Total Assets$5,252,333$5,711,203▲ $458,870
Other Assets Total$192,003$202,155▲ $10,152
Liabilities
Accounts Payable and Accrued Expenses-$9,352-
Total Liabilities$0$9,352▲ $9,352
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,252,333$5,701,851▲ $449,518
Total Net Assets Fund Balance$5,252,333$5,701,851▲ $449,518
Total Liabilities and Net Assets / Fund Balance$5,252,333$5,711,203▲ $458,870

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$5,252,333$28,934▲ $628,289$202,061$5,707,495
2023$4,674,089$228,654▲ $538,874$189,284$5,252,333
2022$5,064,949$410,900▼ $614,477$187,283$4,674,089
2021$4,306,306$491,800▲ $429,138$162,295$5,064,949
2020$3,933,403$27,476▲ $503,782$154,785$4,306,306
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Michael HoffmanExecutive DirectorFT$134,237$134,237

Board Members and Trustees

NameTitle
Claire RolfsPresident
Isaiah RichieDirector
Mike NowackDirector
Sue GarmanDirector
Donald BettersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$28,934
Program Service Revenue
$0
Investment Income
$257,057
Other Revenue
$0
All Other Contributions
$28,934
Change in Net Assets
$56,143
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$200,181
Other Expenses$29,667
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$200,181--$200,181
Fees for Service Investment Mgmnt Fees-$27,787-$27,787
Fees for Services Accounting-$1,880-$1,880
Total Functional Expenses$200,181$29,667$0$229,848
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Threshold IncorporatedWest Bend, WI501c3Programs & Services for Individuals With Disabilities$200,181
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
No
Subject to proxy tax
No
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
No
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 administration; then it is reviewed by the full board of directors of the threshold foundation, inc.

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

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

Form 990, Part VI, Section C, Line 19

The threshold foundation 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 Foundation Inc
EIN
39-1525008
Phone
2623381188
Address
600 ROLFS AVE, WEST BEND, WI 53090

Signing Officer

Name
Joseph Pichler
Title
Director of Finance & Admin
Phone
2623381188
Signed
2025-08-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Hoffman
Formed
1988
Legal Domicile
Wi
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Sikich LLC
Address
17335 GOLF PARKWAY SUITE 500, BROOKFIELD, WI 53045
Preparer
Bridgette Mugge
Phone
2627549400
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in net assets of the greater milwaukee foundation 10,152.

Financial Statement Notes

PART V, LINE 4:

The board designated or quasi-endowment has an intended use of supporting the threshold incorporated's programs.

PART X, LINE 2:

The threshold incorporated and the threshold foundation are not-for-profit organizations which are exempt from income taxes under section 501(c)(3) of the internal revenue code as other than a private foundation. The organization evaluates their uncertain tax positions on an annual basis, and there have been no uncertain tax positions recorded in 2024 and 2023. Therefore, no provision or liability for income taxes has been included in the consolidated financial statements. The threshold incorporated and the foundation file various federal or state non-profit tax returns. Threshold incorporated and the foundation are no longer subject to u.s. Federal or state examinations by tax authorities for tax years prior to 2021.

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IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0628289
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt04674089
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0228654
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt05252333
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE BOARD DESIGNATED OR QUASI-ENDOWMENT HAS AN INTENDED USE OF SUPPORTING THE THRESHOLD INCORPORATED'S PROGRAMS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE THRESHOLD INCORPORATED AND THE THRESHOLD FOUNDATION ARE NOT-FOR-PROFIT ORGANIZATIONS WHICH ARE EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AS OTHER THAN A PRIVATE FOUNDATION. THE ORGANIZATION EVALUATES THEIR UNCERTAIN TAX POSITIONS ON AN ANNUAL BASIS, AND THERE HAVE BEEN NO UNCERTAIN TAX POSITIONS RECORDED IN 2024 AND 2023. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE THRESHOLD INCORPORATED AND THE FOUNDATION FILE VARIOUS FEDERAL OR STATE NON-PROFIT TAX RETURNS. THRESHOLD INCORPORATED AND THE FOUNDATION ARE NO LONGER SUBJECT TO U.S. FEDERAL OR STATE EXAMINATIONS BY TAX AUTHORITIES FOR TAX YEARS PRIOR TO 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
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IRS990ScheduleI/GrantRecordsMaintainedInd01
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IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROGRAMS & SERVICES FOR INDIVIDUALS WITH DISABILITIES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0THE THRESHOLD INCORPORATED
IRS990ScheduleI/RecipientTable/RecipientEIN0391102430
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0600 ROLFS AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0WEST BEND
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0WI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd053090
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0FUNDS ARE RECEIVED AND BOOKED PROPERLY. IF SPECIFIC RESTRICTION IT IS TRACKED UNTIL EXPENDED AS DIRECTED. MOVED TO UNDESIGNATED CONTRIBUTIONS OR GRANTS AND THEN COMPLETE ANY REPORT REQUESTED BY THE FUND SOURCE. REPORT HANDLING OF FUNDS TO THE BOARD.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A FIRST REVIEW IS DONE BY ADMINISTRATION; THEN IT IS REVIEWED BY THE FULL BOARD OF DIRECTORS OF THE THRESHOLD FOUNDATION, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FULL THRESHOLD FOUNDATION BOARD OF DIRECTORS, AT AN OFFICIALLY CALLED MEETING, REVIEWS THE CONFLICT OF INTEREST POLICY; EACH BOARD MEMBER THEN SIGNS STATEMENT OF COMPLIANCE WITH THE POLICY WHICH IS HELD ON RECORD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE THRESHOLD FOUNDATION 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CHANGE IN NET ASSETS OF THE GREATER MILWAUKEE FOUNDATION 10,152.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE THRESHOLD INCORPORATED
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0391102430
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HUMAN SERVICES
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IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
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IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
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IRS990ScheduleR/TransferToOtherOrgInd00
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IRS990/TotalVolunteersCnt05
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IRS990/WebsiteAddressTxt0THRESHOLDINC.ORG/FOUNDATION
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH PICHLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR OF FINANCE & ADMIN
ReturnHeader/BusinessOfficerGrp/PhoneNum02623381188
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE THRESHOLD FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0THRE
ReturnHeader/Filer/EIN0391525008
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0363168081
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SIKICH LLC

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