Civic Intelligence

Abtk Inc.

990 • Fiscal year 2020 • EIN 39-1763109

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 11, 2021

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

0.68x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

95th percentile

4.03x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

66th percentile

14%

Higher net margin than 66% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

16th percentile

-4.7%

Faster asset growth than 16% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

61st percentile

6.9%

Faster revenue growth than 61% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$1,804,524

Down $88,950 (-4.7%) from 2019

Net Assets

Up

$570,540

Up $43,800 (+8.3%) from 2019

Liabilities

Down

$1,233,984

Down $132,750 (-9.7%) from 2019

Revenue

Up

$305,937

Up $19,812 (+6.9%) from 2019

Expenses

Up

$262,137

Up $12,177 (+4.9%) from 2019

Net Income

Up

$43,800

Up $7,635 (+21%) from 2019

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

2020

Assets$1,804,524
Liabilities$1,233,984
Net Assets$570,540

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

2020

Revenue$305,937
Expenses$262,137
Net Income$43,800
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 11, 2021
Return Version
2020v4.1
Gross Receipts
$305,937
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$699,825$634,198▼ $65,627
Rtn Earn Endowment Incm Other Fnds$526,740$570,540▲ $43,800
Savings and Temporary Cash Investments$178,282$193,137▲ $14,855
Cash and Non-Interest-Bearing Accounts$54,252$41,017▼ $13,235
Accounts Receivable$2,591$6,375▲ $3,784
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,893,474$1,804,524▼ $88,950
Other Assets Total$958,524$929,797▼ $28,727
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,133,836$1,098,732▼ $35,104
Other Liabilities$155,664$82,439▼ $73,225
Accounts Payable and Accrued Expenses$77,204$52,499▼ $24,705
Deferred Revenue$30$314▲ $284
Total Liabilities$1,366,734$1,233,984▼ $132,750
Net Assets / Fund Balance
Total Net Assets Fund Balance$526,740$570,540▲ $43,800
Total Liabilities and Net Assets / Fund Balance$1,893,474$1,804,524▼ $88,950

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$199,166$1,332,265$1,531,431
Equipment$330,087-$330,087
Leasehold Improvements$74,339-$74,339
Land$30,606-$30,606
Other Assets Org$929,797--
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
$300,127
Investment Income
$1,603
Other Revenue
$4,207
Change in Net Assets
$43,800
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$262,137
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$65,627--$65,627
Interest$46,388--$46,388
All Other Expenses$20,792--$20,792
Fees for Services Management$20,736--$20,736
Insurance$18,789--$18,789
Fees for Services Accounting-$14,800-$14,800
Other Expenses$12,389--$12,389
Advertising$311--$311
Fees for Services Legal-$175-$175
Total Functional Expenses$247,162$14,975$0$262,137
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 Inc.-owned Rental Properties. Property Management Fees Are Paid Monthly by Abtk Inc. (and the Properties It Owns) to Dak Management Inc. for Management Services Rendered.No$20,736
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable - Dak Mgmt$82,439
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
2021-11-11
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/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01357
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt07580
IRS990ScheduleA/InvestmentIncomeCYPct00.00810
IRS990ScheduleA/InvestmentIncomePYPct00.00890
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99190
IRS990ScheduleA/PublicSupportPY509Pct00.99110
IRS990ScheduleA/PublicSupportTotal509Amt0925735
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0304334
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0148120
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0158771
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0154303
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0160207
IRS990ScheduleA/Total509Grp/TotalAmt0925735
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0305937
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0149623
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0160077
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0156114
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0161564
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0933315
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0199166
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01332265
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01531431
IRS990ScheduleD/EquipmentGrp/BookValueAmt0330087
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0330087
IRS990ScheduleD/LandGrp/BookValueAmt030606
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt030606
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt074339
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt074339
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0929797
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INVESTMENT IN PARTNERSHIP INTERESTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt082439
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTE PAYABLE - DAK MGMT
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0634198
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0929797
IRS990ScheduleD/TotalLiabilityAmt082439
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/TransactionAmt020736
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0DAK MANAGEMENT COMPANY INC. IS THE ENTITY THAT MANAGES ALL OF THE ABTK INC.-OWNED RENTAL PROPERTIES. PROPERTY MANAGEMENT FEES ARE PAID MONTHLY BY ABTK INC. (AND THE PROPERTIES IT OWNS) TO DAK MANAGEMENT INC. FOR MANAGEMENT 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/TotalAssetsBOYAmt01893474
IRS990/TotalAssetsEOYAmt01804524
IRS990/TotalAssetsGrp/BOYAmt01893474
IRS990/TotalAssetsGrp/EOYAmt01804524
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt014975
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0247162
IRS990/TotalFunctionalExpensesGrp/TotalAmt0262137
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01366734
IRS990/TotalLiabilitiesEOYAmt01233984
IRS990/TotalLiabilitiesGrp/BOYAmt01366734
IRS990/TotalLiabilitiesGrp/EOYAmt01233984
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0526740
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0570540
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0247162
IRS990/TotalProgramServiceRevenueAmt0300127
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0305937
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0305937
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01893474
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01804524
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01020 LINCOLN AVENUE
IRS990/USAddress/CityNm0FENNIMORE
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd0538091744
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LINDA KITTLESON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06088224777
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-11
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/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/PreparationDt02021-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL M KONICEK CPA
ReturnHeader/ReturnTs02021-11-12T12:12:19-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LINDA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KITTLESON
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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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