Nonprofit · EIN 39-1102430
THRESHOLD INC
Tax-exempt · WEST BEND, WI 53090
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,072,801 | $5,636,747 | $436,054 | $18,746,315 | $563,876 | $18,182,439 |
| December 31, 2023 | 990 | $5,420,317 | $5,190,801 | $229,516 | $17,748,052 | $459,948 | $17,288,104 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $914,367
- of which government grants
- $51,660
- Program service revenue
- $4,913,014
- Investment income
- $167,239
- Net rental income
- $82,097
- Net gain from sales of assets
- $10,400
- Net income from fundraising events
- -$4,545
- Other revenue
- $78,181
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $134,237
- Other salaries and wages
- $3,142,296
- Salaries, compensation and benefits (total)
- $4,242,646
- Professional fundraising fees
- $0
- Occupancy
- $228,380
- Depreciation
- $233,043
- Program services (functional)
- $4,687,651
- Management and general (functional)
- $944,726
- Fundraising (functional)
- $4,370
Balance sheet and other
- Total assets, start of year
- $17,748,052
- Total assets, end of year
- $18,746,315
- Total liabilities, end of year
- $563,876
- Net assets, end of year
- $18,182,439
- Land, buildings and equipment
- $7,546,825
- Publicly traded securities
- $1,926,490
- Net assets without donor restrictions
- $18,167,681
- Net assets with donor restrictions
- $14,758
- Gross unrelated business income
- $3,222
- Gross receipts
- $6,336,835
- Employees
- 162
- Volunteers
- 49
- Year formed
- 1968
- State of legal domicile
- WI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL HOFFMAN | EXECUTIVE DIRECTOR Officer | 40 | $99,503 | $34,734 |
| CHAD UEBERSETZIG | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| AMY SALBERG | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DON BETTERS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JILL CORBETT | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| RICK LATHERS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JACCI GAMBUCCI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRENDA HETEBRUEG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAIME MALSOM | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JESSICA PETERSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DOUG PICKETT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARTHA MERTEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CRAIG FARRELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MATTHEW CARLTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHRISTINE NORSKOG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GARY WALSH | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL HOFFMAN | EXECUTIVE DIRECTOR Officer | 40 | $96,921 | $28,628 |
| CHAD UEBERSETZIG | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| AMY SALBERG | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DON BETTERS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JILL CORBETT | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| RICK LATHERS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JACCI GAMBUCCI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SUE GARMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TOM HOSTAD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TRAVIS LIVINGOOD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BURN MCLLVRIED | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARTHA MERTEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CRAIG FARRELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MATTHEW CARLTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHRISTINE NORSKOG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 600 ROLFS AVE, WEST BEND, WI 53090-2637
- Principal officer (990 for 2024)
- MICHAEL HOFFMAN, 600 ROLFS AVENUE, WEST BEND, WI 53090
- Signed the 990
- JOSEPH PICHLER, DIRECTOR OF FINANCE & ADMIN
- Phone
- (262) 338-1188
- Website
- WWW.THRESHOLDINC.ORG
- Return prepared by
- SIKICH LLC
Mission
THE THRESHOLD INCORPORATED PROVIDES PROGRAMS AND SERVICES FOR CHILDREN AND ADULTS WITH DISABILITIES IN SOUTHEASTERN WISCONSIN, PARTICULARLY WASHINGTON AND SURROUNDING COUNTIES. OUR MISSION IS "CREATING OPPORTUNITIES TO ENRICH LIVES", WHILE OUR VISION IS "EVERY PERSON IN OUR COMMUNITY HAS THE CHOICES, OPPORTUNITIES, AND SUPPORT TO LIVE A FULFILLING LIFE".
Program accomplishments
- 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. WE SERVED AN AVERAGE OF 119 CLIENTS/MONTH THROUGH THESE PROGRAMS.Expenses $2,138,221 · revenue $2,275,413
- AGENCY WORK PROGRAMS - INDIVIDUALS WITH DISABILITIES ARE EMPLOYED BY THE ORGANIZATION TO WORK IN ITS TTI INDUSTRIES AND/OR CLEAN SWEEP DIVISIONS. WE SERVED AN AVERAGE OF 32 CLIENTS/MONTH THROUGH THESE PROGRAMS.Expenses $1,038,973 · revenue $863,210
- 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. WE SERVED AN AVERAGE OF 192 CLIENTS/MONTH THROUGH THESE PROGRAMSExpenses $695,422 · revenue $680,645
- 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 COMMUNITYExpenses $471,252 · revenue $541,783
- YOUTH PROGRAMS - PROVIDES RECREATION AND SOCIALIZATION OPPORTUNITIES FOR YOUTH AGES EIGHT THROUGH SEVENTEEN THROUGH A YEAR-ROUND EVENING PROGRAM CALLED CLUB FRIENDSHIP, WITH A FOCUS ON HEALTH AND WELLNESS ACTIVITIES, AS WELL AS A SUMMER YOUTH PROGRAM OFFERING DAILY RESPITE FOR FAMILIES, DAILY LIVING SKILL TRAINING, COGNITIVE EXERCISES, PROBLEM SOLVING AND SAFETY SKILLS. SUMMER YOUTH RUNS MONDAY THROUGH FRIDAY FOR 10-12 WEEKS FROM EARLY JUNE THROUGH MID-AUGUST AND SERVES YOUTH AGES EIGHT THROUGH TWENTY.Expenses $343,783 · revenue $551,963
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 39-1102430
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1969
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $18,746,315
- Income (IRS master file)
- $6,336,835
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,072,801 | $5,636,747 | $18,746,315 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $5,420,317 | $5,190,801 | $17,748,052 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $5,086,172 | $4,958,297 | $16,925,127 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 39-1102430).
Questions about THRESHOLD INC
- What is the EIN of THRESHOLD INC?
- The employer identification number (EIN) of THRESHOLD INC is 39-1102430.
- Is THRESHOLD INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1969.
- Are donations to THRESHOLD INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THRESHOLD INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THRESHOLD INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THRESHOLD INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THRESHOLD INC?
- The 990 for the year ended December 31, 2024 names MICHAEL HOFFMAN.
- Who are the officers and directors of THRESHOLD INC?
- The 990 for the year ended December 31, 2024 lists 16 people; 1 received compensation from the organization, the highest $99,503 (MICHAEL HOFFMAN, EXECUTIVE DIRECTOR).
- How much revenue does THRESHOLD INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,072,801, expenses of $5,636,747 and total assets of $18,746,315 at year end.
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- WEST BEND COUNTRY CLUB EIN 39-0698065 · last filed 990 for 2025
- HABITAT FOR HUMANITY INTERNATIONAL INC EIN 39-1908370 · last filed 990 for 2025
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- MUSEUM OF WISCONSIN ART INC EIN 39-1017647 · last filed 990 for 2025