Nonprofit · EIN 42-0982549
OPERATION THRESHOLD INC
Tax-exempt · WATERLOO, IA 50704
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $12,580,869 | $12,401,525 | $179,344 | $5,705,869 | $1,152,230 | $4,553,639 |
| September 30, 2024 | 990 | $12,234,755 | $12,456,746 | -$221,991 | $5,440,982 | $1,065,075 | $4,375,907 |
| September 30, 2023 | 990 | $13,536,437 | $13,587,486 | -$51,049 | $5,636,711 | $1,046,267 | $4,590,444 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $12,166,722
- of which government grants
- $12,008,683
- Program service revenue
- $317,119
- Investment income
- $3,891
- Other revenue
- $93,137
Expenses
- Grants and similar amounts paid
- $7,978,705
- Compensation of officers, directors and key employees
- $116,720
- Other salaries and wages
- $1,917,217
- Salaries, compensation and benefits (total)
- $2,616,823
- Professional fundraising fees
- $0
- Legal fees
- $120
- Accounting fees
- $35,500
- Occupancy
- $296,141
- Travel
- $33,204
- Depreciation
- $153,809
- Program services (functional)
- $11,250,935
- Management and general (functional)
- $840,430
- Fundraising (functional)
- $310,160
Balance sheet and other
- Total assets, start of year
- $5,440,982
- Total assets, end of year
- $5,705,869
- Total liabilities, end of year
- $1,152,230
- Net assets, end of year
- $4,553,639
- Land, buildings and equipment
- $2,769,446
- Publicly traded securities
- $44,688
- Net assets without donor restrictions
- $1,736,553
- Net assets with donor restrictions
- $2,817,086
- Gross receipts
- $12,580,869
- Employees
- 50
- Volunteers
- 17
- Year formed
- 1964
- State of legal domicile
- IA
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BARBARA A GRANT | EXECUTIVE DIRECTOR Officer | 40 | $91,702 | $25,819 |
| BRIAN QUIRK | CHAIRPERSON Trustee or director, Officer | 0.6 | $0 | $0 |
| JOHN KURTZ | VICE CHAIR Trustee or director, Officer | 0.6 | $0 | $0 |
| BARBARA SMITH | TREASURER Trustee or director, Officer | 0.6 | $0 | $0 |
| KATIE BUSKER | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| DEBRA HODGES HARMON | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| JOYCE HUNTER | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| MICHELLE KESTERSON | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| TARA MAKEPEACE | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| KARI REA | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| KIM ROSS | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| CHRIS SCHWARTZ | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| BOB TYSON | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| FAITH WHITE | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
990 for the year ended September 30, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BARBARA A GRANT | EXECUTIVE DIRECTOR Officer | 40 | $91,672 | $27,150 |
| LEIAN KAMMEYER | DEPUTY DIRECTOR Officer | 40 | $75,986 | $31,087 |
| BARBARA SMITH | TREASURER Trustee or director, Officer | 0.6 | $0 | $0 |
| KIM ROSS | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| BRIAN QUIRK | CHAIRPERSON Trustee or director, Officer | 0.6 | $0 | $0 |
| TARA MAKEPEACE | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| KARI REA | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| KATIE BUSKER | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| BOB TYSON | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| CHRIS SCHWARTZ | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| DEBRA HODGES HARMON | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| JOYCE HUNTER | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| MICHELLE KESTERSON | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| FAITH WHITE | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| JOHN KURTZ | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
990 for the year ended September 30, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BARBARA A GRANT | EXECUTIVE DIRECTOR Officer | 40 | $95,051 | $30,859 |
| LEIAN KAMMEYER | DEPUTY DIRECTOR Officer | 40 | $85,905 | $30,960 |
| BARBARA SMITH | TREASURER Trustee or director, Officer | 0.6 | $0 | $0 |
| KIM ROSS | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| BRIAN QUIRK | CHAIRPERSON Trustee or director, Officer | 0.6 | $0 | $0 |
| TARA MAKEPEACE | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| KARI REA | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| KATIE BUSKER | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| BOB TYSON | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| CHRIS SCHWARTZ | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| DEBRA HODGES HARMON | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| JOYCE HUNTER | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| MICHELLE KESTERSON | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| FAITH WHITE | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 4120, WATERLOO, IA 50704-4120
- Principal officer (990 for 2024)
- BRIAN QUIRK, PO BOX 4120, WATERLOO, IA 507044120
- Signed the 990
- BARBARA GRANT, EXECUTIVE DIRECTOR
- Phone
- (319) 291-2065
- Website
- WWW.OPERATIONTHRESHOLD.ORG
- Return prepared by
- MERIWETHER WILSON AND COMPANY PLLC
Mission
OPERATION THRESHOLD WILL COLLABORATE, EDUCATE AND PROVIDE SERVICES TO HELP MEET THE BASIC NEEDS OF PEOPLE AND CREATE OPPORTUNITIES FOR SELF-SUFFICIENCY.
Program accomplishments
- WOMEN, INFANTS, AND CHILDREN PROGRAM - PROVIDES NUTRITION, EDUCATION AND FOOD BENEFITS TO INCOME ELIGIBLE PREGNANT WOMEN, BREASTFEEDING MOTHERS AND CHILDREN UP TO AGE FIVE. IN FISCAL YEAR 2025 THE PROGRAM SERVED 5,079 PARTICIPANTS IN ITS FOUR COUNTY REGION.Expenses $1,272,403 · grants $4,652,554
- LOW-INCOME HOME ENERGY ASSISTANCE PROGRAM - PROVIDES LOW-INCOME HOUSEHOLDS WITH A ONE TIME PER YEAR PAYMENT TO HELP DEFRAY THE COSTS TO HEAT THEIR HOMES IN THE WINTER. IN ADDITION, IT PROVIDES CRISIS ASSISTANCE TO PREVENT UTILITY DISCONNECTIONS, RECONNECT UTILITIES, AND REPAIR/REPLACE INOPERABLE FURNACES. IN FISCAL YEAR 2025, THE PROGRAM PROVIDED ASSISTANCE TO 4,306 HOUSEHOLDS IN OUR THREE COUNTY SERVICE AREA.Expenses $2,943,424 · grants $1,929,763
- WEATHERIZATION PROGRAM - PROGRAM WORKS TO REDUCE HEATING AND COOLING COST FOR ELIGIBLE HOUSEHOLDS BY INSTALLING INSULATION, REPAIRING OR REPLACING FURNACES AND/OR WATER HEATERS, AND REPLACING REFRIGERATORS AND FREEZERS WHEN NECESSARY. IN FISCAL YEAR 2025, THE PROGRAM WEATHERIZED 49 HOMES, REPAIRED 44 FURNACES, REPLACED 29 FURNACES, REPAIRED 27 WATER HEATERS, REPLACED 26 WATER HEATERS AND CONDUCTED HEALTH AND SAFETY MEASURES ON 48 HOMES.Expenses $444,896 · grants $814,118
- THE MATERNAL, INFANT, AND EARLY CHILDHOOD HOME VISITING PROGRAM (MIECHV) PROVIDES EVIDENCE-BASED HOME VISITATION SERVICES TO IMPROVE HEALTH AND DEVELOPMENTAL OUTCOMES FOR AT-RISK YOUNG CHILDREN, IMPROVES COORDINATION OF SERVICES FOR AT-RISK COMMUNITIES, AND IDENTIFIES AND PROVIDES COMPREHENSIVE SERVICES TO IMPROVE OUTCOMES FOR FAMILIES WHO RESIDE IN AT-RISK COMMUNITIES.FAMILY DEVELOPMENT AND SELF SUFFICIENCY - PROGRAM PROVIDES FAMILY DEVELOPMENT AND SELF SUFFICIENCY COUNSELING ASSISTANCE TO LOW-INCOME HOUSEHOLDS.OTHER PROGRAMS INCLUDED: VOLUNTEER PROGRAMS/ORGANIZATION OF VOLUNTEERS, PARENTS AS TEACHERS, NEST PROGRAMS, WEATHERIZATION PLUS/HOME REPAIR PROGRAM, GRUNDY COUNTY FOOD PANTRY, WIC BREASTFEEDING PEER COUNSELING, CRISIS/ASSISTANCE TO LOW-INCOME INDIVIDUALS IN NEED OF CRISIS ASSISTANCEExpenses $6,590,212 · grants $582,270 · revenue $317,119
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 42-0982549
- 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
- 1983
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $5,705,869
- Income (IRS master file)
- $12,580,869
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $12,580,869 | $12,401,525 | $5,705,869 | XML |
| 990 | September 2024 | $12,234,755 | $12,456,746 | $5,440,982 | XML |
| 990 | September 2023 | $13,536,437 | $13,587,486 | $5,636,711 | XML |
| 990 | September 2022 | $16,231,549 | $16,072,853 | $5,603,638 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | 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 42-0982549).
Questions about OPERATION THRESHOLD INC
- What is the EIN of OPERATION THRESHOLD INC?
- The employer identification number (EIN) of OPERATION THRESHOLD INC is 42-0982549.
- Is OPERATION THRESHOLD INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to OPERATION THRESHOLD INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OPERATION 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 OPERATION THRESHOLD INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OPERATION THRESHOLD INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of OPERATION THRESHOLD INC?
- The 990 for the year ended September 30, 2025 names BRIAN QUIRK.
- Who are the officers and directors of OPERATION THRESHOLD INC?
- The 990 for the year ended September 30, 2025 lists 14 people; 1 received compensation from the organization, the highest $91,702 (BARBARA A GRANT, EXECUTIVE DIRECTOR).
- How much revenue does OPERATION THRESHOLD INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $12,580,869, expenses of $12,401,525 and total assets of $5,705,869 at year end.
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