Liabilities / Assets
13th percentile
Higher debt load relative to assets than 13% of similar nonprofits.
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.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
13th percentile
Higher debt load relative to assets than 13% of similar nonprofits.
Liabilities / Revenue
23rd percentile
Higher debt load relative to revenue than 23% of similar nonprofits.
Net Margin
73rd percentile
Higher net margin than 73% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
61st percentile
Faster asset growth than 61% of similar nonprofits.
Revenue Growth
19th percentile
Faster revenue growth than 19% of similar nonprofits.
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
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| 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 |
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 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 |
| Name | Title | Full / Part Time | Other | Total |
|---|---|---|---|---|
| Michael Hoffman | Executive Director | FT | $134,237 | $134,237 |
| Name | Title |
|---|---|
| Claire Rolfs | President |
| Isaiah Richie | Director |
| Mike Nowack | Director |
| Sue Garman | Director |
| Donald Betters | Treasurer |
| Line Item | Amount |
|---|---|
| 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 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| 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 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| The Threshold Incorporated | West Bend, WI | 501c3 | Programs & Services for Individuals With Disabilities | $200,181 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“A first review is done by administration; then it is reviewed by the full board of directors of the threshold foundation, inc.”
“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.”
“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.”
“Change in net assets of the greater milwaukee foundation 10,152.”
“The board designated or quasi-endowment has an intended use of supporting the threshold incorporated's programs.”
“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.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE BOARD DESIGNATED OR QUASI-ENDOWMENT HAS AN INTENDED USE OF SUPPORTING THE THRESHOLD INCORPORATED'S PROGRAMS. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | 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/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART X, LINE 2: |
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| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | FUNDS 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. |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | A FIRST REVIEW IS DONE BY ADMINISTRATION; THEN IT IS REVIEWED BY THE FULL BOARD OF DIRECTORS OF THE THRESHOLD FOUNDATION, INC. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | CHANGE IN NET ASSETS OF THE GREATER MILWAUKEE FOUNDATION 10,152. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART XI, LINE 9: |
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| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
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