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Nonprofit · EIN 20-4158141

DAKOTA BUSINESS FINANCE

Tax-exempt · SIOUX FALLS, SD 57104

Financials

$1.4M$1.3M2022$1.8M$1.6M2023$2.1M$1.3M2024
Revenue Expenses · by fiscal year end
Financials of DAKOTA BUSINESS FINANCE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$2,051,673$1,301,039$750,634$2,090,907$154,770$1,936,137
September 30, 2024990$1,815,315$1,634,207$181,108$1,402,215$216,712$1,185,503
September 30, 2023990$1,384,630$1,290,167$94,463$1,028,901$24,506$1,004,395
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,990,343
Investment income
$61,160
Other revenue
$170

Expenses

Grants and similar amounts paid
$155,125
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$386
Accounting fees
$5,098
Travel
$15,677
Program services (functional)
$1,104,343
Management and general (functional)
$196,696

Balance sheet and other

Total assets, start of year
$1,402,215
Total assets, end of year
$2,090,907
Total liabilities, end of year
$154,770
Net assets, end of year
$1,936,137
Net assets without donor restrictions
$1,936,137
Gross receipts
$2,051,673
Employees
0
Year formed
2005
State of legal domicile
SD

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended September 30, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgs
Lynne Keller ForbesPresident/CEO
Officer
0$0$298,342
Ty EschenbaumDirector
Trustee or director
0.5$0$0
Farron PrattDirector
Trustee or director
0.5$0$0
Josh HogueDirector
Trustee or director
0.5$0$0
Bradyn NeisesPresident
Trustee or director, Officer
0.5$0$0
Matt JudsonDirector
Trustee or director
0.5$0$0
Paul TschetterVice President
Trustee or director, Officer
0.5$0$0
Donald GreinerDirector
Trustee or director
0.5$0$0
Jordan RieffenbergerSec/Treasurer
Trustee or director, Officer
0.5$0$0
Jillian NelsonDirector
Trustee or director
0.5$0$0
990 for the year ended September 30, 2024: 10 people
NameTitleHours / weekCompensationFrom related orgs
Lynne Keller ForbesPresident/CEO
Officer
0$0$273,094
Mike GraySecretary/Treas
Trustee or director, Officer
0.5$0$0
Jessica HarryDirector
Trustee or director
0.5$0$0
Will HaugenPresident
Trustee or director, Officer
0.5$0$0
Bradyn NeisesDirector
Trustee or director
0.5$0$0
Steve RudaDirector
Trustee or director
0.5$0$0
James GrotenhuisVice President
Trustee or director, Officer
0.5$0$0
Donald GreinerDirector
Trustee or director
0.5$0$0
Jordan RieffenbergerDirector
Trustee or director
0.5$0$0
Tom FriebergDirector
Trustee or director
0.5$0$0
990 for the year ended September 30, 2023: 9 people
NameTitleHours / weekCompensation
Jessica HarryDirector
Trustee or director
0.5$0
Nick GustafsonDirector
Trustee or director
0.5$0
Steve RudaDirector
Trustee or director
0.5$0
James GrotenhuisDirector
Trustee or director
0.5$0
Gregg BrownDirector
Trustee or director
0.5$0
Tom FriebergDirector
Trustee or director
0.5$0
Mike GraySecretary/Treas
Officer
0.5$0
Brian GilbertPresident
Officer
0.5$0
Will HaugenVice President
Officer
0.5$0

Address and contacts

Address (IRS master file)
500 N WESTERN AVE STE 100, SIOUX FALLS, SD 57104-2017
In care of
% PAULA DOCKENDORF
Signed the 990
Lynne Keller Forbes, President/CEO
Phone
(605) 367-5390
Return prepared by
Kinner & Company Ltd

Mission

Dakota Business Finance provides financing for a wide range of businesses through the SBA 504 Loan Program. This program provides fixed rate financing for the purchase of long-term assets such as the purchase of land, purchase and construction of buildings, renovate or remodel existing facilities, and/or purchase of long-term machinery and equipment.

990 for the year ended September 30, 2025

Program accomplishments

  • Dakota Business Finance provides financing for a wide range of businesses through the SBA 504 Loan Program. This program provides fixed rate financing for the purchase of long-term assets such as the purchase of land, purchase and construction of buildings, renovate or remodel existing facilities, and/or purchase of long-term machinery and equipment.
    Expenses $1,104,343 · revenue $1,990,343

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 16, 2027Not due yet
2024September 30, 2025February 17, 2026990 on file
2023September 30, 2024February 18, 2025990 on file

IRS record

EIN
20-4158141
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2006
Accounting year ends
September
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,090,907
Income (IRS master file)
$2,051,673

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$2,051,673$1,301,039$2,090,907XML
990September 2024$1,815,315$1,634,207$1,402,215XML
990September 2023$1,384,630$1,290,167$1,028,901XML
990September 2022$1,543,251$1,684,833$1,006,804IRS
990September 2021–––IRS
990September 2020–––IRS
990September 2019–––IRS
990September 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-4158141).

Questions about DAKOTA BUSINESS FINANCE

What is the EIN of DAKOTA BUSINESS FINANCE?
The employer identification number (EIN) of DAKOTA BUSINESS FINANCE is 20-4158141.
Is DAKOTA BUSINESS FINANCE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
Are donations to DAKOTA BUSINESS FINANCE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does DAKOTA BUSINESS FINANCE file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of DAKOTA BUSINESS FINANCE due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did DAKOTA BUSINESS FINANCE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2025.
Who are the officers and directors of DAKOTA BUSINESS FINANCE?
The 990 for the year ended September 30, 2025 lists 10 people; 0 received compensation from the organization.
How much revenue does DAKOTA BUSINESS FINANCE have?
On its 990 for the year ended September 30, 2025 it reported revenue of $2,051,673, expenses of $1,301,039 and total assets of $2,090,907 at year end.

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