Air Tech Credit Union

Milwaukee, WIUnknown exempt organization EIN 39-6055625Revenue $100K in FY2025

On file with the IRS1919 E Grange Ave · Milwaukee, WI

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100¢ of each $1 spent went to programs.
Run by 7 volunteers and 2 employees.
Programs: Part IX · People: Part I, lines 5–6

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
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
4 of 7
filings with a surplus
Average deficit $2K a year · 2% of revenue · last 7 filings
Worth a look: a surplus in 4 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$15K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
145 mo
of spending, in cash
Looks good: 144.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.6M
73% of total assets
Worth a look: liabilities are 73% of assets; over 65%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$100K
-2% vs prior year
Spent
$95K
To programs
100%
Net assets
$590K
By yearFY2019–FY2025
Revenue
$100K
FY2025▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2019$122K
FY2020$103K
FY2021$74K
FY2022$71K
FY2023$91K
FY2024$102K
FY2025$100K
Expenses
$95K
FY2025▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2019$103K
FY2020$98K
FY2021$85K
FY2022$96K
FY2023$100K
FY2024$97K
FY2025$95K
Net assets
$590K
FY2025▲ +0.9%
Tap a bar for its year
Net assets by fiscal year
FY2019$622K
FY2020$626K
FY2021$614K
FY2022$590K
FY2023$580K
FY2024$585K
FY2025$590K

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $95K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $15K paid to officers and key staff.

Part VII, Section A · reportable compensation
$14,976Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kandace Lessard$14,976$14,976$14,982$14,976$19,644$16,608

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Air Tech Credit Union is a nonprofit organization based in Milwaukee, WI.

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3 programs · $95K · in their own filed words · FY2025
01

We funded 81 loans during 2025 as of 12 31 2025 we had 298000 in consumer loans

$95Kprogram expense
02

We have deposit transaction and investment accounts with 610 members at 12 31 25 during 2024 we opened 12 new deposits transaction and investment accounts

Pt IX · col B
03

n a

Pt IX · col B

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$100K
Ln 12
Fees for servicesLn 2g$80K
Investment incomeLn 3$20K
Money outPt IX
$95K
Ln 25
Programscol B$95K
Owns and owesPt X
$590K
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$2.2M
LiabilitiesLn 26$1.6M
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$80K
Investment incomeLn 3$20K
Total revenueLn 12$100K
Assets in detailPt X, end of year
CashLn 1$155K
SavingsLn 2$992K
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$3K
Other assetsLn 15$0
Total assetsLn 16$2.2M
LiabilitiesLn 26$1.6M
Net assetsLn 32$590K
OperationsPt I, VI
EmployeesI 52
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$882K$1.1M
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$7K$3K
Total assetsLn 16$2.4M$2.2M
LiabilitiesLn 26$1.8M$1.6M
Net assetsLn 32$585K$590K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$15K$15K$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$25K$25K$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$1K$1K$0$0
Payroll taxesLn 10$3K$3K$0$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$0$0$0$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$0$0$0$0
Office expensesLn 13$7K$7K$0$0
Information technologyLn 14$24K$24K$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$0$0$0$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$731$731$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$4K$4K$0$0
InsuranceLn 23$0$0$0$0
Other expenses (24a–d)Ln 24$13K$13K$0$0
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$95K$95K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $100K$95K$5K$590K 990 PDF
FY2024 $102K$97K$5K$585K 990 PDF
FY2023 $91K$100K−$10K$580K 990 PDF
FY2022 $71K$96K−$25K$590K 990 PDF
FY2021 $74K$85K−$11K$614K 990 PDF
FY2020 $103K$98K$4K$626K 990 PDF
FY2019 $122K$103K$19K$622K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $100,250 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $88,782$80,105
I-10 Investment incomePrior year $13,033$20,145
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $101,815$100,250
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 $45,021$45,009
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $51,764$50,163
I-18 Total expensesPrior year $96,785$95,172
I-19 Revenue less expensesPrior year $5,030$5,078
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $100,250 across 5 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $80,105 · Unrelated business $0 · Excluded from tax $0$80,105
VIII-3 Investment incomeRelated to mission $20,145 · Unrelated business $0 · Excluded from tax $0$20,145
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $100,250 · Unrelated business $0 · Excluded from tax $0$100,250
Part IX · Statement of functional expenses $95,172 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $14,976 · Management $0 · Fundraising $0$14,976
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $25,285 · Management $0 · Fundraising $0$25,285
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $1,393 · Management $0 · Fundraising $0$1,393
IX-10 Payroll taxesPrograms $3,355 · Management $0 · Fundraising $0$3,355
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $7,369 · Management $0 · Fundraising $0$7,369
IX-14 Information technologyPrograms $24,442 · Management $0 · Fundraising $0$24,442
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$0
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $731 · Management $0 · Fundraising $0$731
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $4,414 · Management $0 · Fundraising $0$4,414
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$0
IX-24 Other expenses (24a–d)Programs $13,207 · Management $0 · Fundraising $0$13,207
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $95,172 · Management $0 · Fundraising $0$95,172
Part X · Balance sheet $2,179,468 assets, 22 lines filed
Asset lines not itemized here account for $1,028,595; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $55,005$154,974
X-2 Savings and temporary cash investmentsStart of year $827,284$991,966
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $1,143$990
X-10c Land, buildings and equipment, netStart of year $7,357$2,943
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $2,366,022$2,179,468
X-17 Accounts payable and accrued expensesStart of year $1,723$5,290
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $1,734,292$1,583,960
X-26 Total liabilitiesStart of year $1,780,882$1,589,250
X-32 Total net assets or fund balancesStart of year $585,140$590,218
X-33 Total liabilities and net assetsStart of year $2,366,022$2,179,468
Part XI · Reconciliation of net assets $590,218 net assets at year end
XI-1 Total revenue$100,250
XI-2 Total expenses$95,172
XI-3 Revenue less expenses$5,078
XI-4 Net assets at start of year$585,140
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$590,218

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

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