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Nonprofiteer
← THRESHOLD INC

Form 990 for tax year 2023

Filed by THRESHOLD INC.

Totals

Total revenue
$5,420,317
Total expenses
$5,190,801
Contributions and grants received
$639,874
Grants paid
$0
Program service revenue
$4,616,693
Investment income
$96,310
Other revenue
$67,440
Total assets, end of year
$17,748,052
Total liabilities, end of year
$459,948
Net assets or fund balances, end of year
$17,288,104
Program services expenses (Part IX)
$4,296,189
Management and general expenses
$887,403
Fundraising expenses
$7,209
Program service expenses (Part III)
$4,296,189

Program services were 82.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $105,556

  • 1c · Fundraising events

    $46,227

  • 1d · Related organizations

    $183,978

  • 1f · All other contributions, gifts and grants

    $304,113

  • 1g · Noncash contributions included above

    $11,785

  • 2a · Program service revenue: CONTRACTED REVENUES

    total $3,880,175 · related or exempt $3,880,175

  • 2b · Program service revenue: AGENCY WORK PROGRAMS

    total $680,781 · related or exempt $680,781

  • 2c · Program service revenue: CLIENT PAY PROGRAM

    total $55,737 · related or exempt $55,737

  • 3 · Investment income

    total $90,070 · excluded $90,070

  • 6a · Gross rents

    real property $283,779

  • 6b · Less rental expenses

    real property $189,769

  • 6c · Rental income or loss

    real property $94,010

  • 6d · Net rental income or loss

    total $94,010 · unrelated business $3,303 · excluded $90,707

  • 7a · Gross sales of assets other than inventory

    securities $75,276

  • 7b · Less cost or other basis and sales expenses

    securities $69,036

  • 7c · Gain or loss

    securities $6,240

  • 7d · Net gain or loss

    total $6,240 · excluded $6,240

  • 8a · Fundraising events: gross income

    $3,372

  • 8a · Fundraising events: contributions included on line 1c

    $46,227

  • 8b · Fundraising events: direct expenses

    $30,902

  • 8c · Net income from fundraising events

    total -$27,530 · excluded -$27,530

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $960 · excluded $960

  • 11e · Other revenue, total

    $960

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $125,550 · program services $99,004 · management and general $26,546

  • 7 · Other salaries and wages

    total $2,981,965 · program services $2,377,772 · management and general $604,193

  • 8 · Pension plan contributions

    total $71,786 · program services $56,608 · management and general $15,178

  • 9 · Other employee benefits

    total $543,936 · program services $436,262 · management and general $107,674

  • 10 · Payroll taxes

    total $225,983 · program services $180,211 · management and general $45,772

  • 11f · Fees: investment management

    total $4,309 · management and general $4,309

  • 11g · Fees: other

    total $322,492 · program services $319,497 · management and general $2,995

  • 12 · Advertising and promotion

    total $6,302 · program services $5,481 · management and general $821

  • 13 · Office expenses

    total $136,790 · program services $118,962 · management and general $17,828

  • 14 · Information technology

    total $97,376 · program services $84,686 · management and general $12,690

  • 16 · Occupancy

    total $228,542 · program services $218,582 · management and general $9,960

  • 22 · Depreciation, depletion and amortization

    total $206,579 · program services $196,943 · management and general $9,636

  • 23 · Insurance

    total $16,850 · program services $14,654 · management and general $2,196

  • 24a · Other expenses: VAN TRANSPORTATION

    total $121,155 · program services $121,155

  • 24b · Other expenses: STAFF DEVELOPMENT AND T

    total $59,867 · program services $51,601 · management and general $8,266

  • 24c · Other expenses: MISCELLANEOUS

    total $41,319 · program services $14,771 · management and general $19,339 · fundraising $7,209

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,000 · end of year $1,000

  • 2 · Savings and temporary cash investments

    beginning of year $4,053,573 · end of year $2,798,525

  • 4 · Accounts receivable

    beginning of year $425,478 · end of year $421,072

  • 9 · Prepaid expenses and deferred charges

    beginning of year $26,865 · end of year $116,783

  • 10a · Land, buildings and equipment: cost or other basis

    $12,367,143

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,064,930

  • 10c · Land, buildings and equipment, net

    beginning of year $7,133,248 · end of year $7,302,213

  • 11 · Investments: publicly traded securities

    beginning of year $600,000 · end of year $1,856,126

  • 15 · Other assets

    beginning of year $4,684,963 · end of year $5,252,333

  • 17 · Accounts payable and accrued expenses

    beginning of year $470,477 · end of year $453,123

  • 25 · Other liabilities

    beginning of year $7,825 · end of year $6,825

  • 27 · Net assets without donor restrictions

    beginning of year $16,413,926 · end of year $17,224,417

  • 28 · Net assets with donor restrictions

    beginning of year $32,899 · end of year $63,687

Mission and programs · 2023

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.

Activities or mission (Part I)

PROGRAMS/SERVICES FOR CHILDREN UNDER 3 AND ADULTS 18+ YEARS WITH DISABILITIES IN SOUTHEASTERN WI.

  • DAY SERVICES - PROVIDES OPTIONS FOR YOUTH AND ADULTS WITH DISABILITIES TO ENJOY LEISURE ACTIVITIES OR WORK ON SKILL-BUILDING ACTIVITIES; SCHEDULED AFTER HOURS AND WEEKEND ACTIVITIES; SOCIAL, COMMUNITY, LEISURE AND RECREATION ACTIVITIES

    Expenses $2,131,696 · Revenue $2,551,125

  • AGENCY WORK PROGRAMS - INDIVIDUALS WITH DISABILITIES ARE EMPLOYED BY THE ORGANIZATION TO WORK IN ITS TTI INDUSTRIES AND/OR CLEAN SWEEP DIVISIONS

    Expenses $985,398 · Revenue $870,166

  • BIRTH TO THREE - USING NATURAL ENVIRONMENT SETTINGS, THIS PROGRAM OFFERS SERVICE COORDINATION, SPECIAL EDUCATION, THERAPY AND FAMILY SUPPORT TO CHILDREN AGES BIRTH TO THREE WITH DEVELOPMENTAL DELAYS OR DISABILITIES

    Expenses $662,221 · Revenue $641,689

  • COMMUNITY EMPLOYMENT - PROVIDES LIFE SKILLS INCLUDING EMPLOYMENT TRAINING, VOCATIONAL EVALUATION, AND JOB DEVELOPMENT TO YOUTH AND ADULTS ENABLING THEM TO GAIN COMPETITIVE EMPLOYMENT IN THE COMMUNITY

    Expenses $516,874 · Revenue $553,713

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Chad Uebersetzig

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Amy Salberg

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Don Betters

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Jill Corbett

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Rick Lathers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jacci Gambucci

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sue Garman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tom Hostad

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Travis Livingood

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Burn McLlvried

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Martha Merten

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Craig Farrell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Matthew Carlton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Christine Norskog

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Hoffman

    EXECUTIVE DIRECTOR

    Total calculated
    $125,549
    From this org
    $96,921
    From related orgs
    $0
    Other
    $28,628
    Hours/week
    40 + 1 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
26 June 2024
IRS schema version
2023v5.1
Source object
202411809349300436

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