Public Charity

DAKOTA BUSINESS LENDING

DAKOTA BUSINESS LENDING, of FARGO, ND, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $2.6M in revenue, $3.3M in expenses, $8.9M in total assets. 3 publicly reported grants to this organization, totaling roughly $127K, appear in IRS filings.

EIN: 450443523 FARGO, ND Economic Development NTEE: S30 Latest filing: 2024
Total Revenue$2.6M
Total Expenses$3.3M
Total Assets$8.9M
Grant Records3
Funding Total$127K
Filing Years2019–2024

Mission

DAKOTA BUSINESS LENDING IS A SMALL BUSINESS RESOURCE THAT DRIVES ECONOMIC GROWTH BY:1. PROVIDING UNIQUE FINANCING OPPORTUNITIES2. POSITIVELY IMPACTING THE COMMUNITIES WE SERVE3. EDUCATING AND GUIDING SMALL BUSINESSES4. BUILDING PARTNERSHIPS THAT ADD VALUE AND CREATING AN ENVIRONMENT WHERE OUR TEAM MEMBERS THRIVE.

Where $100 goes at Dakota Business Lending

How Dakota Business Lending divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$71 Programs the work itself
$29 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $71 for programs

$68
Sba 504 program, 27 loans funded in 2024, 1,228 funded program to date
96% of program spending · Reported in the filing: 27 loans
$1
Other program services include intermediary lending program, intermediary relending program 4 the microloan lending program, the rural business enterprises program, the main street loan program, 10k sb rural…
2% of program spending
$1
Intermediary relending program 2&3, 0 loans funded in 2024, 66 loans funded to date
1% of program spending · Reported in the filing: 66 loans

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

2024
DBL used the grant proceeds for the development of a strategic plan, direction, and implementation of the newly created and certified Community Development Financial Institution (CFDI).
$42,300
2023
DBL used the grant proceeds for the development of a strategic plan, direction, and implementation of the newly created and certified Community Development Financial Institution (CFDI).
$42,300
2022
DBL used the grant proceeds for the development of a strategic plan, direction, and implementation of the newly created and certified Community Development Financial Institution (CFDI).
$42,300

Showing up to 5 of 3 total records — full history available with membership.

Officers & Directors

SR. CREDIT MANAGER Annjanette Martins
VP/LOAN OPERATIONS Ann Peterson
VICE-CHAIR Cole Keney
DIRECTOR Heather Ranck
BUSINESS DEVELOPMENT/COMME Jason Gerdes
DIRECTOR Jason Hopfauf

Officer compensation and complete director data available with membership.

Top Grant Purposes

Economic Development
$126,900 3 grants

Financial Trends

Year Revenue Expenses Assets
2024 $2.6M $3.3M $8.9M
2023 $3.5M $2.7M $8.8M
2022 $2.7M $2.1M $6.8M
2020 $1.5M $1.6M $6.2M
2019 $1.4M $1.7M $6.4M

Between 2019 and 2024, reported annual revenue grew from $1.4M to $2.6M (+92%), with total assets most recently reported at $8.9M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for DAKOTA BUSINESS LENDING

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