Civic Intelligence

Abtk Inc.

990 • Fiscal year 2019 • EIN 39-1763109

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

1020 Lincoln AvenueFennimore, WI 53809-1744

(608) 822-4777

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

87th percentile

0.72x

Higher debt load relative to assets than 87% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

95th percentile

4.78x

Higher debt load relative to revenue than 95% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

69th percentile

13%

Higher net margin than 69% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

43rd percentile

0.9%

Faster asset growth than 43% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

38th percentile

-0.2%

Faster revenue growth than 38% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,893,474

Up $17,517 (+0.9%) from 2018

Net Assets

Up

$526,740

Up $36,165 (+7.4%) from 2018

Liabilities

Down

$1,366,734

Down $18,648 (-1.3%) from 2018

Revenue

Down

$286,125

Down $520 (-0.2%) from 2018

Expenses

Up

$249,960

Up $15,822 (+6.8%) from 2018

Net Income

Down

$36,165

Down $16,342 (-31%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $1,856,102Liabilities 2010: $2,114,030Net Assets 2010: -$257,9282010Assets 2011: $1,936,915Liabilities 2011: $2,090,681Net Assets 2011: -$153,7662011Assets 2012: $1,956,688Liabilities 2012: $2,066,995Net Assets 2012: -$110,3072012Assets 2013: $1,974,130Liabilities 2013: $2,043,484Net Assets 2013: -$69,3542013Assets 2014: $1,709,421Liabilities 2014: $1,457,982Net Assets 2014: $251,4392014Assets 2015: $1,766,708Liabilities 2015: $1,439,987Net Assets 2015: $326,7212015Assets 2016: $1,819,620Liabilities 2016: $1,423,930Net Assets 2016: $395,6902016Assets 2017: $1,842,276Liabilities 2017: $1,404,208Net Assets 2017: $438,0682017Assets 2018: $1,875,957Liabilities 2018: $1,385,382Net Assets 2018: $490,5752018Assets 2019: $1,893,474Liabilities 2019: $1,366,734Net Assets 2019: $526,7402019Assets 2020: $1,804,524Liabilities 2020: $1,233,984Net Assets 2020: $570,5402020Assets 2021: $1,904,415Liabilities 2021: $1,206,233Net Assets 2021: $698,1822021Assets 2022: $1,917,224Liabilities 2022: $1,176,833Net Assets 2022: $740,3912022Assets 2023: $1,957,795Liabilities 2023: $1,140,644Net Assets 2023: $817,1512023Assets 2024: $2,014,041Liabilities 2024: $1,082,747Net Assets 2024: $931,2942024

Highlighted filing

2019

Assets$1,893,474
Liabilities$1,366,734
Net Assets$526,740

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0Expenses 2010: $373,0202010Expenses 2011: $331,9272011Expenses 2012: $350,8522012Revenue 2013: $392,973Expenses 2013: $352,020Net Income 2013: $40,9532013Revenue 2014: $575,350Expenses 2014: $254,557Net Income 2014: $320,7932014Revenue 2015: $329,374Expenses 2015: $253,373Net Income 2015: $76,0012015Revenue 2016: $331,010Expenses 2016: $262,041Net Income 2016: $68,9692016Revenue 2017: $312,464Expenses 2017: $270,086Net Income 2017: $42,3782017Revenue 2018: $286,645Expenses 2018: $234,138Net Income 2018: $52,5072018Revenue 2019: $286,125Expenses 2019: $249,960Net Income 2019: $36,1652019Revenue 2020: $305,937Expenses 2020: $262,137Net Income 2020: $43,8002020Revenue 2021: $383,006Expenses 2021: $255,364Net Income 2021: $127,6422021Revenue 2022: $314,054Expenses 2022: $271,845Net Income 2022: $42,2092022Revenue 2023: $338,724Expenses 2023: $261,964Net Income 2023: $76,7602023Revenue 2024: $372,086Expenses 2024: $257,943Net Income 2024: $114,1432024

Highlighted filing

2019

Revenue$286,125
Expenses$249,960
Net Income$36,165
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.1
Gross Receipts
$286,125
Mission and Program Overview

Mission

NONE

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$727,614$699,825▼ $27,789
Rtn Earn Endowment Incm Other Fnds$490,575$526,740▲ $36,165
Savings and Temporary Cash Investments$189,780$178,282▼ $11,498
Cash and Non-Interest-Bearing Accounts$46,561$54,252▲ $7,691
Accounts Receivable$2,707$2,591▼ $116
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,875,957$1,893,474▲ $17,517
Other Assets Total$909,295$958,524▲ $49,229
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,167,671$1,133,836▼ $33,835
Other Liabilities$155,664$155,664→ $0
Accounts Payable and Accrued Expenses$61,354$77,204▲ $15,850
Deferred Revenue$693$30▼ $663
Total Liabilities$1,385,382$1,366,734▼ $18,648
Net Assets / Fund Balance
Total Net Assets Fund Balance$490,575$526,740▲ $36,165
Total Liabilities and Net Assets / Fund Balance$1,875,957$1,893,474▲ $17,517

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$264,793$1,266,638$1,531,431
Equipment$330,087-$330,087
Leasehold Improvements$74,339-$74,339
Land$30,606-$30,606
Other Assets Org$958,524--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Linda M KittlesonPresident
Ty J KittlesonVice President
Kari AddisonMember
Katherine R RiceSecretary
Linda M KittlesonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$278,498
Investment Income
$3,125
Other Revenue
$4,502
Change in Net Assets
$36,165
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$249,960
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$68,733--$68,733
Interest$47,668--$47,668
All Other Expenses$23,644--$23,644
Fees for Services Management$19,136--$19,136
Insurance$17,238--$17,238
Other Expenses$12,084--$12,084
Fees for Services Accounting-$2,950-$2,950
Advertising$179--$179
Total Functional Expenses$247,010$2,950$0$249,960
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Dak Mgmt Co Inc. Is Owned by the Spouse of Board President Linda KittlesonDak Management Company Inc. Is the Entity That Manages All of the Abtk-owned Rental Properties. Property Management Fees Are Paid Monthly by Abtk (and the Properties It Owns) to Dak Management Inc. for Services Rendered.No$19,136
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Revenue - Ihda Grant$110,000
Note Payable - Dak Mgmt$45,664
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Linda kittleson is the mother of board members ty kittleson and kari addison.

Form 990, Part VI, Section B, Line 11B

No review will be conducted

Form 990, Part VI, Section C, Line 19

Made available upon request

Filing and Contact Details

Filer

Filer Name
Abtk Inc
EIN
39-1763109
Phone
6088224777
Address
1020 LINCOLN AVENUE, FENNIMORE, WI 53809-1744

Signing Officer

Name
Linda Kittleson
Title
President
Phone
6088224777
Signed
2020-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda Kittleson
Formed
1992
Legal Domicile
Wi
Voting Board Members
4
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Kma Sc
Address
1200 JOHN Q HAMMONS DR STE 500, MADISON, WI 53717-2199
Preparer
Michael M Konicek CPA
Phone
6086641040
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99110
IRS990ScheduleA/PublicSupportPY509Pct00.99230
IRS990ScheduleA/PublicSupportTotal509Amt0772094
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0148120
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0158771
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0154303
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0160207
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0150693
IRS990ScheduleA/Total509Grp/TotalAmt0772094
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0149623
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0160077
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0156114
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0161564
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0151675
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0779053
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0264793
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01266638
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01531431
IRS990ScheduleD/EquipmentGrp/BookValueAmt0330087
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0330087
IRS990ScheduleD/LandGrp/BookValueAmt030606
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt030606
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt074339
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt074339
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0958524
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INVESTMENT IN PARTNERSHIP INTERESTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0110000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt145664
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED REVENUE - IHDA GRANT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NOTE PAYABLE - DAK MGMT
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0699825
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0958524
IRS990ScheduleD/TotalLiabilityAmt0155664
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0DAK MANAGEMENT COMPANY INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DAK MGMT CO INC. IS OWNED BY THE SPOUSE OF BOARD PRESIDENT LINDA KITTLESON
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt019136
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0DAK MANAGEMENT COMPANY INC. IS THE ENTITY THAT MANAGES ALL OF THE ABTK-OWNED RENTAL PROPERTIES. PROPERTY MANAGEMENT FEES ARE PAID MONTHLY BY ABTK (AND THE PROPERTIES IT OWNS) TO DAK MANAGEMENT INC. FOR SERVICES RENDERED.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINDA KITTLESON IS THE MOTHER OF BOARD MEMBERS TY KITTLESON AND KARI ADDISON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WILL BE CONDUCTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MADE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01875957
IRS990/TotalAssetsEOYAmt01893474
IRS990/TotalAssetsGrp/BOYAmt01875957
IRS990/TotalAssetsGrp/EOYAmt01893474
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02950
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0247010
IRS990/TotalFunctionalExpensesGrp/TotalAmt0249960
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01385382
IRS990/TotalLiabilitiesEOYAmt01366734
IRS990/TotalLiabilitiesGrp/BOYAmt01385382
IRS990/TotalLiabilitiesGrp/EOYAmt01366734
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0490575
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0526740
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0247010
IRS990/TotalProgramServiceRevenueAmt0278498
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0286125
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0286125
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01875957
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01893474
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01725 8TH STREET
IRS990/USAddress/CityNm0FENNIMORE
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd053809
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LINDA KITTLESON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06088224777
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ABTK INC
ReturnHeader/Filer/BusinessNameControlTxt0ABTK
ReturnHeader/Filer/EIN0391763109
ReturnHeader/Filer/PhoneNum06088224777
ReturnHeader/Filer/USAddress/AddressLine1Txt01020 LINCOLN AVENUE
ReturnHeader/Filer/USAddress/CityNm0FENNIMORE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd0538091744
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0B7531481CB2EF17BFAD792A1E943E9BAC4A7E982
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0172.102.4.130
ReturnHeader/FilingSecurityInformation/IPDt02020-11-16
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm011:04:22
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0452904270
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KMA SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01200 JOHN Q HAMMONS DR STE 500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MADISON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0537172199
ReturnHeader/PreparerPersonGrp/PhoneNum06086641040
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL M KONICEK CPA
ReturnHeader/ReturnTs02020-11-16T12:09:38-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.01$1.08$0.93$0.37$0.26$0.11
2023Detailed filing. Detailed filing data is available for this year.$1.96$1.14$0.82$0.34$0.26$0.08
2022Detailed filing. Detailed filing data is available for this year.$1.92$1.18$0.74$0.31$0.27$0.04
2021Detailed filing. Detailed filing data is available for this year.$1.90$1.21$0.70$0.38$0.26$0.13
2020Detailed filing. Detailed filing data is available for this year.$1.80$1.23$0.57$0.31$0.26$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.89$1.37$0.53$0.29$0.25$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.88$1.39$0.49$0.29$0.23$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.84$1.40$0.44$0.31$0.27$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.82$1.42$0.40$0.33$0.26$0.07
2015Detailed filing. Detailed filing data is available for this year.$1.77$1.44$0.33$0.33$0.25$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.71$1.46$0.25$0.58$0.25$0.32
2013Detailed filing. Detailed filing data is available for this year.$1.97$2.04$0.07$0.39$0.35$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.96$2.07$0.11$0.35
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.94$2.09$0.15$0.33
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.86$2.11$0.26$0.37