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Klt Enterprise INC Nfp

Tax-deductible

Homewood, IL501(c)(3)Youth DevelopmentEIN 26-2866588Revenue $345K in FY2023

On file with the IRS1141 175th St, 60430-4604 · Homewood, ILTax-exempt since Mar 2023Publicly supported charity — 170(b)(1)(A)(vi)

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Provide community day service program activities to individuals with developmental and intellectual disabilities Develop and manage affordable housing tailored to the needs of individuals with disabilities. Partner with local government and private stakeholders to secure funding and support to better integrate individuals into the community.

501(c)(3) charity; gifts are tax-deductible.
39¢ of each $1 spent went to programs.
Run by 2 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $17K a year · 6% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
39%
of spending
Concern: 39% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$25K
to officers and key staff · 7% of spending
Top officer’s pay lower than 81% of similar orgs
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$7K
68% of total assets
Worth a look: liabilities are 68% of assets; over 65%.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$345K
+34% vs prior year
Spent
$368K
To programs
39%
Net assets
$3K
By yearFY2022–FY2023
Revenue
$345K
FY2023▲ +34%
Tap a bar for its year
Revenue by fiscal year
FY2022$257K
FY2023$345K
Expenses
$368K
FY2023▲ +38%
Tap a bar for its year
Expenses by fiscal year
FY2022$266K
FY2023$368K
Net assets
$3K
FY2023▼ -1%
Tap a bar for its year
Net assets by fiscal year
FY2022$3K
FY2023$3K

From the FY2023 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Mar 2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

39 cents of each dollar spent went to programs.

Program services 39% · $144K Management & general 61% · $225K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990; $25K paid to officers and key staff.

Part VII, Section A · reportable compensation
Syretta West
President
$25,000Pt VII · Sec A
Syretta West
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Syretta West’s $25K as President is at the 19th percentile of top reported officer pay among 1992 $100K–1M youth development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers community programs and affordable housing for people with disabilities, fostering community integration.

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Provided by the organization

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2 programs · $263K · in their own filed words · FY2023
01

Provide community day service program activities to individuals with developmental and intellectual disabilities Develop and manage affordable housing tailored to the needs of individuals with disabilities.

$144Kprogram expense
02

Provide community day service program activities to individuals with developmental and intellectual disabilities Develop and manage affordable housing tailored to the needs of individuals with disabilities.

$119Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$345K
Ln 12
Fees for servicesLn 2g$339K
Gifts and grantsLn 1h$6K
Money outPt IX
$368K
Ln 25
Programscol B$144K
Managementcol C$225K
Owns and owesPt X
$3K
net assets · Ln 32
Cash and savingsLn 1–2$10K
Total assetsLn 16$10K
LiabilitiesLn 26$7K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6K
Fees for servicesLn 2g$339K
Total revenueLn 12$345K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$10K
Total assetsLn 16$10K
LiabilitiesLn 26$7K
Net assetsLn 32$3K
OperationsPt I, VI
EmployeesI 51
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $345K$368K−$24K$3K 990 PDF
FY2022 $257K$266K−$10K$3K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (1 part)
Part VI · Governance 2 of 2 board members independent, 1 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members2
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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