2025-07-16T08:07:17-05:00 2024-12-31 450310328 BRADY MARTZ & ASSOCIATES PC 2537 S UNIVERSITY DRIVE FARGO ND 58103 990 2024-01-01 450404558 LAKE AGASSIZ REGIONAL DEVELOPMENT CORPORATION LAKE 7012351197 417 MAIN AVENUE FARGO ND 58103 DONALD LITCH CFO 7012351197 2025-06-12 1 1 JEREMY ULMER CPA P01218756 7012802100 2025-06-05 2024 2025-03-06 01:10:19Z DONALD LITCH 417 MAIN AVENUE FARGO ND 58103 1112933 0 X WWW.LAKEAGASSIZ.COM X 1987 ND PROVIDES COMMUNITY PLANNING AND ECONOMIC DEVELOPMENT ASSISTANCE TO A SIX-COUNTY REGION OF SOUTHEASTERN NORTH DAKOTA. 4 4 8 0 0 0 176575 152337 727361 733999 178502 226597 0 0 1082438 1112933 0 0 0 0 621000 618266 0 0 0 465507 384577 1086507 1002843 -4069 110090 6313719 6440859 2519873 2536923 3793846 3903936 X TO IDENTIFY AND PROVIDE FINANCING OPPORTUNITIES AND TECHNICAL ASSISTANCE TO EMERGING AND EXISTING BUSINESSES, PROVIDE COMMUNITY AND ECONOMIC DEVELOPMENT PLANNING AND IMPLEMENTATION FOR THE LONG-TERM SUSTAINABILITY AND GROWTH OF THE REGION, AND TO COORDINATE FEDERAL, STATE, AND PRIVATE PROGRAM ADMINISTRATION. 0 0 630787 0 733999 PROVIDES COMMUNITY PLANNING AND ECONOMIC DEVELOPMENT ASSISTANCE AND OPERATION OF REGIONAL SMALL BUSINESS CENTER. 630787 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 6 0 1 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MANAGEMENT 7012351197 417 MAIN AVE FARGO ND 58103 ROBERT WURL SECRETARY 1.00 X X 0 0 0 RICK MAIRS PRESIDENT 1.00 X X 0 0 0 LARRY JACOBSEN VICE PRESIDENT 1.00 X X 0 0 0 LISA ROTVOLD TREASURER 1.00 X X 0 0 0 DONALD LITCH CHIEF FINANCIAL OFFICER 25.00 5.00 X 86115 0 15992 AMBER METZ EXECUTIVE DIRECTOR 15.00 10.00 X 42646 0 5906 SARA D ISAAK SENIOR COMMERCIAL LOAN OFF 8.00 31.00 X 106887 0 15959 235648 0 37857 1 0 0 0 0 152337 152337 SERVICE FEES AND OTHER 525990 481604 481604 RENTS 531110 252395 252395 733999 226597 226597 1112933 733999 0 226597 172011 109807 62204 351908 182848 169060 57830 42147 15683 36517 19304 17213 28925 28925 3238 226 3012 38844 17602 21242 138573 112429 26144 3168 359 2809 50582 50582 78784 78784 24108 11797 12311 MISCELLANEOUS EXPENSES 19390 9170 10220 FINANCE LEASE EXPENSE 7721 7721 JANITORIAL SUPPLIES 4011 4011 DUES, FEES AND SUBSCRIP 1973 1973 -14740 -16000 1260 1002843 630787 372056 0 50 50 1724941 1674308 243607 268913 2631472 2856624 445 2394 3107907 1917799 1258810 1190108 429060 429060 25334 19402 6313719 6440859 218647 230998 2275175 2285476 26051 20449 2519873 2536923 X 1478101 1385968 2315745 2517968 3793846 3903936 6313719 6440859 110090 0 X X 0 1 X 1 1 1 X 218386 345765 187514 176575 152337 1080577 218386 345765 187514 176575 152337 1080577 1080577 166109 170166 142860 178502 226597 884234 1964811 3529621 0.55000 0.57590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 189987 189987 1591359 1385294 206065 1089600 443186 646414 79876 67767 12109 157085 21552 135533 1190108 INVESTMENT IN LAKE AGASSIZ HOUSING CORP 429060 C 429060 FINANCE LEASE LIABILITIES 20449 20449 X PART X, LINE 2: IT IS THE OPINION OF MANAGEMENT THAT LAKE AGASSIZ REGIONAL DEVELOPMENT CORPORATION HAS NO UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. THE FEDERAL AND STATE INCOME TAX RETURNS OF LAKE AGASSIZ REGIONAL DEVELOPMENT CORPORATION ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. FORM 990, PART VI, SECTION B, LINE 11B REVIEWED / APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS IS PERIODICALLY REMINDED OF THE CONFLICT OF INTEREST POLICY AND OF THE IMPORTANCE TO ADHERE TO IT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD APPROVES COMPENSATION AT RATES OF 3-5% ANNUALLY, IF FEASIBLE. WHEN AVAILABLE MEMBERSHIP ORGANIZATIONS SUCH AS NADCO AND BANK COMPENSATION SURVEYS ARE CONSULTED AND PRESENTED WITH COMPENSATION PLANS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT OR SELECTION PROCESS DURING THE YEAR. LAKE AGASSIZ HOUSING CORPORATION 417 MAIN AVENUE FARGO ND 58103 450458458 SHARE OFFICE FACILITY AND STAFF ND 501(C)(3) 10 LAKE AGASSIZ REGIONAL DEVELOPMENT CORPORATION 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0