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Abtk INC

Tax-deductible

Fennimore, WI501(c)(3)Since 1992EIN 39-1763109Revenue $383K in FY2025

On file with the IRS1020 Lincoln Ave, 53809-1744 · Fennimore, WITax-exempt since Feb 1994Publicly supported — 509(a)(2)

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Federally assisted and regulated (by usda rural development) affordable housing complexes that provide low-cost rental units to low-income families and elderly tenants in rural communities of wisconsin and illinois.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Run by 4 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $82K a year · 23% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
14 mo
of spending, in cash
Looks good: 13.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.1M
51% of total assets
Fine: liabilities are 51% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$383K
+3% vs prior year
Spent
$298K
To programs
95%
Net assets
$1.0M
By yearFY2020–FY2025
Revenue
$383K
FY2025▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$306K
FY2021$383K
FY2022$314K
FY2023$339K
FY2024$372K
FY2025$383K
Expenses
$298K
FY2025▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2020$262K
FY2021$255K
FY2022$272K
FY2023$262K
FY2024$258K
FY2025$298K
Net assets
$1.0M
FY2025▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$571K
FY2021$698K
FY2022$740K
FY2023$817K
FY2024$931K
FY2025$1.0M

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1994.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $285K Management & general 5% · $13K

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.

Part VII, Section A · reportable compensation
Linda M Kittleson
President/Treasurer
$0Pt VII · Sec A
Ty J Kittleson
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Abtk INC executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides affordable rental housing for low-income families and seniors in rural Wisconsin and Illinois.

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Provided by the organization

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1 program · $285K · in their own filed words · FY2025
01

The organization owns and maintains affordable rental housing for low-income elderly and family households. The housing is located in rural communities within wisconsin and illinois. Tenant rent payments are calculated as a percentage of the household income and are subject to federal guidelines.

$285Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$383K
Ln 12
Fees for servicesLn 2g$348K
Investment incomeLn 3$30K
Other incomeLn 4–11$5K
Money outPt IX
$298K
Ln 25
Programscol B$285K
Managementcol C$13K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$345K
Total assetsLn 16$2.1M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$348K
Investment incomeLn 3$30K
Other incomeLn 4–11$5K
Total revenueLn 12$383K
Assets in detailPt X, end of year
CashLn 1$41K
SavingsLn 2$304K
Cash and savings togetherLn 1–2$345K
Land, buildings, equipmentLn 10c$365K
Other assetsLn 15$1.4M
Total assetsLn 16$2.1M
LiabilitiesLn 26$1.1M
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$369K$345K
Land, buildings, equipmentLn 10c$402K$365K
Total assetsLn 16$2.0M$2.1M
LiabilitiesLn 26$1.1M$1.1M
Net assetsLn 32$931K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$24K$24K
Other employee benefitsLn 9$3K$3K
Payroll taxesLn 10$4K$4K
Management feesLn 11a$25K$25K
Accounting feesLn 11c$7K$7K
Advertising and promotionLn 12$310$310
Office expensesLn 13$14K$14K
OccupancyLn 16$53K$53K
InterestLn 20$39K$39K
Depreciation, depletion and amortizationLn 22$57K$57K
InsuranceLn 23$29K$29K
Other expenses (24a–d)Ln 24$42K$36K$7K
Total functional expensesLn 25$298K$285K$13K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $383K$298K$85K$1.0M 990 PDF
FY2024 $372K$258K$114K$931K 990 PDF
FY2023 $339K$262K$77K$817K 990 PDF
FY2022 $314K$272K$42K$740K 990 PDF
FY2021 $383K$255K$128K$698K 990 PDF
FY2020 $306K$262K$44K$571K 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 FY2025 990 (6 parts)
Part I · Summary $383,062 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $334,484$348,081
I-10 Investment incomePrior year $33,581$30,104
I-11 Other revenuePrior year $4,021$4,877
I-12 Total revenuePrior year $372,086$383,062
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $30,614$31,669
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $227,329$266,361
I-18 Total expensesPrior year $257,943$298,030
I-19 Revenue less expensesPrior year $114,143$85,032
Part VI · Governance 0 of 4 board members independent, 5 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $383,062 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $348,081$348,081
VIII-3 Investment incomeExcluded from tax $30,104$30,104
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,877$4,877
VIII-12 Total revenueRelated to mission $352,958 · Unrelated business $0 · Excluded from tax $30,104$383,062
Part IX · Statement of functional expenses $298,030 across 12 lines filed
IX-7 Other salaries and wagesPrograms $24,318$24,318
IX-9 Other employee benefitsPrograms $3,312$3,312
IX-10 Payroll taxesPrograms $4,039$4,039
IX-11a Management feesPrograms $24,530$24,530
IX-11c Accounting feesManagement $6,700$6,700
IX-12 Advertising and promotionPrograms $310$310
IX-13 Office expensesPrograms $13,646$13,646
IX-16 OccupancyPrograms $52,957$52,957
IX-20 InterestPrograms $38,767$38,767
IX-22 Depreciation, depletion and amortizationPrograms $57,480$57,480
IX-23 InsurancePrograms $29,487$29,487
IX-24 Other expenses (24a–d)Programs $35,741 · Management $6,743$42,484
IX-25 Total functional expensesPrograms $284,587 · Management $13,443 · Fundraising $0$298,030
Part X · Balance sheet $2,067,125 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $47,183$41,115
X-2 Savings and temporary cash investmentsStart of year $322,094$304,218
X-4 Accounts receivableStart of year $5,145$5,471
X-10c Land, buildings and equipment, netStart of year $402,421$365,308
X-15 Other assetsStart of year $1,237,198$1,351,013
X-16 Total assetsStart of year $2,014,041$2,067,125
X-17 Accounts payable and accrued expensesStart of year $38,188$52,056
X-19 Deferred revenueStart of year $1,834$244
X-25 Other liabilitiesStart of year $98,686$97,151
X-26 Total liabilitiesStart of year $1,082,747$1,050,799
X-32 Total net assets or fund balancesStart of year $931,294$1,016,326
X-33 Total liabilities and net assetsStart of year $2,014,041$2,067,125
Part XI · Reconciliation of net assets $1,016,326 net assets at year end
XI-1 Total revenue$383,062
XI-2 Total expenses$298,030
XI-3 Revenue less expenses$85,032
XI-4 Net assets at start of year$931,294
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,016,326

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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