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
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Operation Threshold Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial integrity. The high score is entirely derived from the Accountability & Finance beacon, indicating that the organization excels in transparency and responsible financial practices.
The organization boasts a fully independent board, which signifies robust governance, and has received perfect scores across various metrics, including financial oversight and conflict of interest policies. Notably, the program expense ratio of 90.43% highlights a strong focus on its mission, ensuring that a significant portion of funds is directed towards its programs and services.
While the data showcases exceptional financial health and governance, no specific details regarding the programs or services offered by Operation Threshold Inc were provided. This lack of information may limit potential donors' understanding of the organization's impact and effectiveness in addressing community needs.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare 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.
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- Compensation: $84,504
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- Compensation: $69,859
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- Other: $29,071
Official website here: www.operationthreshold.org
Where can I find the form 990 for Operation Threshold Inc?
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.
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Impact
October, 2024
Operation Threshold Inc plays a crucial role in addressing the basic needs of low-income households, particularly in the areas of energy assistance and self-sufficiency. Through its Low-Income Home Energy Assistance Program, it provides timely support to eligible families by offering a one-time annual payment to help offset the costs of heating during the winter months. In fiscal year 2022 alone, this program reached approximately 4,814 households across a three-county service area in Waterloo, Iowa, significantly alleviating the financial burden associated with winter heating costs.
By collaborating with various stakeholders and educating the community about available resources, Operation Threshold Inc empowers individuals and families to achieve greater self-sufficiency. Their multi-faceted approach not only meets immediate needs but also lays the groundwork for sustainable change in the lives of those they serve, fostering a supportive environment that encourages long-term stability and independence.
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.
Financials
This financial information is from Propublica.
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
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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
Phone
(319) 291-2065Principal Officer
Brian Quirk
Main Address
PO BOX 4120, WATERLOO, IA, 507044120
Website
www.operationthreshold.orgNTEE Category
Code: P80 - Human services
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