Nonprofit · EIN 39-1525008
THRESHOLD FOUNDATION INC
Also known as THE THRESHOLD
Tax-exempt · WEST BEND, WI 53090
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $285,991 | $229,848 | $56,143 | $5,711,203 | $9,352 | $5,701,851 |
| December 31, 2023 | 990 | $322,342 | $212,404 | $109,938 | $5,252,333 | $0 | $5,252,333 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $28,934
- Program service revenue
- $0
- Investment income
- $257,057
- Net gain from sales of assets
- $110,344
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $200,181
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,880
- Program services (functional)
- $200,181
- Management and general (functional)
- $29,667
Balance sheet and other
- Total assets, start of year
- $5,252,333
- Total assets, end of year
- $5,711,203
- Total liabilities, end of year
- $9,352
- Net assets, end of year
- $5,701,851
- Publicly traded securities
- $4,985,416
- Net assets without donor restrictions
- $5,701,851
- Gross receipts
- $380,116
- Employees
- 0
- Volunteers
- 5
- Year formed
- 1988
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHAEL HOFFMAN | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $0 | $99,503 | $34,734 |
| DONALD BETTERS | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CLAIRE ROLFS | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MIKE NOWACK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ISAIAH RICHIE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SUE GARMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHAEL HOFFMAN | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $0 | $96,921 | $28,629 |
| DONALD BETTERS | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CLAIRE ROLFS | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MIKE NOWACK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ISAIAH RICHIE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 600 ROLFS AVE, WEST BEND, WI 53090-2637
- In care of
- % CHRIS ALBERT
- Principal officer (990 for 2024)
- MICHAEL HOFFMAN, 600 ROLFS AVE, WEST BEND, WI 53090
- Signed the 990
- JOSEPH PICHLER, DIRECTOR OF FINANCE & ADMIN
- Phone
- (262) 338-1188
- Website
- THRESHOLDINC.ORG/FOUNDATION
- Return prepared by
- SIKICH LLC
Mission
THE THRESHOLD FOUNDATION INC. WAS ESTABLISHED TO SUPPORT THE THRESHOLD INCORPORATED'S PROGRAMS DIRECTED TO PROVIDE SERVICES TO PEOPLE WITH DISABILITIES.
Program accomplishments
- THE THRESHOLD FOUNDATION INC. WAS ESTABLISHED TO SUPPORT THE THRESHOLD INCORPORATED'S PROGRAMS DIRECTED TO PROVIDE SERVICES TO PEOPLE WITH DISABILITIES.Expenses $200,181 · grants $200,181
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
- 39-1525008
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1989
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $5,711,203
- Income (IRS master file)
- $380,116
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $285,991 | $229,848 | $5,711,203 | XML |
| 990 | December 2023 | $322,342 | $212,404 | $5,252,333 | XML |
| 990 | December 2022 | $365,822 | $200,460 | $4,684,964 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | 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 39-1525008).
Questions about THRESHOLD FOUNDATION INC
- What is the EIN of THRESHOLD FOUNDATION INC?
- The employer identification number (EIN) of THRESHOLD FOUNDATION INC is 39-1525008.
- Is THRESHOLD FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to THRESHOLD FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does THRESHOLD FOUNDATION 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 FOUNDATION 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 FOUNDATION 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 FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names MICHAEL HOFFMAN.
- Who are the officers and directors of THRESHOLD FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does THRESHOLD FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $285,991, expenses of $229,848 and total assets of $5,711,203 at year end.
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