Operation Threshold Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 420982549 ✦ Waterloo, IA ✦ Designated as a 501(c)(3)

Overview

What is Operation Threshold Inc?

Operation Threshold Inc is a nonprofit organization located in Waterloo, Iowa. Their primary mission is to help low-income households meet their basic needs, especially during the winter months, by providing a one-time annual payment for heating costs. In fiscal year 2022, they served approximately 4,814 households in their three-county service area. The organization's work encompasses collaboration, education, and direct services to create opportunities for self-sufficiency. Operation Threshold strives to make a difference by addressing essential needs and fostering paths towards independence. With a team of 67 employees, the organization is dedicated to improving lives and fostering self-sufficiency within their community.


Official website here: www.operationthreshold.org

Is Operation Threshold Inc legitimate?

Operation Threshold Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Operation Threshold Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $246,171
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,172,710

For more financial information, click here


Official website here: www.operationthreshold.org

What is the mission statement of Operation Threshold Inc?

Operation Threshold Inc is dedicated to collaborating, educating, and providing services to help meet the basic needs of people and create opportunities for self-sufficiency. Their mission is geared towards assisting individuals in achieving self-reliance. One of their key initiatives is the Low-Income Home Energy Assistance Program, which offers eligible households a one-time yearly payment to aid in heating their homes during the winter months. In fiscal year 2022, this program extended assistance to approximately 4,814 households within their three-county service area.


Official website here: www.operationthreshold.org

Who is the CEO of Operation Threshold Inc?

Brian Quirk is the Chairperson of Operation Threshold Inc.


Official website here: www.operationthreshold.org

What is the revenue of Operation Threshold Inc?

Operation Threshold Inc's revenue in 2022 was $16,231,549.


Official website here: www.operationthreshold.org

Who are the executives of Operation Threshold Inc and what are their salaries?

The average compensation at Operation Threshold Inc during 2022 was $36,103. There are 67 employees and 77 volunteers at Operation Threshold Inc.

Here are 16 key members and their salaries:

    Barbara A Grant (Executive Director)
  • Compensation: $84,504
  • Related: $0
  • Other: $29,613

    • Leian Kammeyer (Deputy Director)
  • Compensation: $69,859
  • Related: $0
  • Other: $29,071

    • Barbara Smith (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kim Ross (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brian Quirk (Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kate Wildeboer (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gary Gissel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kari Rea (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Katie Busker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bob Tyson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chris Schwartz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Debra Hodges Harmon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Diane Adair (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joyce Hunter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michelle Kesterson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Faith White (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.operationthreshold.org

    Where can I find the form 990 for Operation Threshold Inc?

    The Operation Threshold Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.operationthreshold.org

    Learn more at the official website: www.operationthreshold.org

    Mission Statement of Operation Threshold Inc

    Operation Threshold Inc is a mission-driven organization that works collaboratively to help meet the basic needs of people and create opportunities for self-sufficiency. In alignment with this objective, the nonprofit offers a Low-Income Home Energy Assistance Program. This program empowers eligible low-income households by providing a one-time annual payment to aid in the cost of heating their homes during the winter season. In fiscal year 2022, Operation Threshold Inc successfully assisted around 4,814 households in their three-county service area through this essential program. By offering this assistance, the organization helps ensure that families can maintain a comfortable living environment, enabling them to focus on other aspects of their lives. Operation Threshold Inc's commitment to collaboration, education, and service provision is a testament to its dedication to making a positive impact in the lives of those in need.

    Impact

    This information is meant to be a general summary of Operation Threshold Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Operation Threshold Inc's impact is significant in helping low-income households meet their basic needs and attain self-sufficiency. Through programs like the Low-Income Home Energy Assistance Program, the organization provides crucial support to approximately 4,814 households in its three-county service area, particularly assisting with the cost of heating homes during the winter. By collaborating, educating, and offering services, Operation Threshold Inc plays a vital role in improving the lives of individuals and families in need.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $806
  • Program Service Revenue: $300,476
  • Gross Receipts: $16,231,549

    • Assets and Liabilities:
  • Total Assets: $5,603,638
  • Total Liabilities: $962,102
  • Net Assets: $4,641,536
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    LOW-INCOME HOUSING RENTAL

    Revenue

    $300,476

    Organization Details

    Founding Year

    1964

    Principal Officer

    Brian Quirk

    Main Address

    PO BOX 4120, WATERLOO, IA, 507044120

    NTEE Category

    Code: P80 - Human services

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