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Nonprofit · EIN 45-0443523

DAKOTA BUSINESS LENDING

Tax-exempt · FARGO, ND 58104

Financials

$3.5M$2.7M2023$2.6M$3.3M2024
Revenue Expenses · by fiscal year end
Financials of DAKOTA BUSINESS LENDING by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,624,392$3,285,640-$661,248$8,880,946$4,649,972$4,230,974
December 31, 2023990$3,485,431$2,699,740$785,691$8,778,536$3,886,313$4,892,223
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$228,389
of which government grants
$186,089
Program service revenue
$2,160,505
Investment income
$198,503
Other revenue
$36,995

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$317,820
Other salaries and wages
$1,635,929
Salaries, compensation and benefits (total)
$2,434,223
Professional fundraising fees
$0
Accounting fees
$75,640
Occupancy
$87,438
Travel
$116,059
Depreciation
$83,223
Program services (functional)
$2,576,055
Management and general (functional)
$709,585

Balance sheet and other

Total assets, start of year
$8,778,536
Total assets, end of year
$8,880,946
Total liabilities, end of year
$4,649,972
Net assets, end of year
$4,230,974
Land, buildings and equipment
$1,629,896
Net assets without donor restrictions
$4,137,036
Net assets with donor restrictions
$93,938
Gross receipts
$2,624,392
Employees
23
Volunteers
1
Year formed
1996
State of legal domicile
ND

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
STEVE M DUSEKPRESIDENT & CEO
Officer
40$257,283$48,437
ANN PETERSONVP/LOAN OPERATIONS
Highest-paid employee
40$138,316$34,622
ROXANNE PFLIIGERSENIOR BUSINESS DEVELOPMENT/COMME
Highest-paid employee
40$116,082$20,494
ANNJANETTE MARTINSSR. CREDIT MANAGER
Highest-paid employee
40$115,414$16,136
JO BACKBUSINESS DEVELOPMENT/COMME
Highest-paid employee
40$101,400$24,400
JASON GERDESBUSINESS DEVELOPMENT/COMME
Highest-paid employee
40$104,311$21,085
JIM HAMBRICKDIRECTOR
Trustee or director
1$1,800$0
STEVE GEHRTZDIRECTOR
Trustee or director
1$1,800$0
TONYA HOLMSTROMCHAIR
Trustee or director, Officer
1$1,800$0
JOHN PHILLIPSDIRECTOR
Trustee or director
1$1,800$0
HEATHER RANCKDIRECTOR
Trustee or director
1$1,800$0
JASON HOPFAUFDIRECTOR
Trustee or director
1$1,550$0
COLE KENEYVICE-CHAIR
Trustee or director, Officer
1$1,550$0
MATT MARSHALLDIRECTOR
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 15 people
NameTitleHours / weekCompensationOther / benefits
STEVE M DUSEKPRESIDENT & CEO
Officer
40$225,717$46,701
ANN PETERSONVP/LOAN OPERATIONS
Highest-paid employee
40$119,702$30,243
ROXANNE PFLIIGERBUSINESS DEVELOPMENT/COMMERCIAL LOAN OFFICER
Highest-paid employee
40$106,998$18,714
JASON GERDESBUSINESS DEVELOPMENT/COMMERCIAL LOAN OFFICER
Highest-paid employee
40$104,311$19,875
ANNJANETTE MARTINSSR. CREDIT MANAGER
Highest-paid employee
40$102,439$15,261
JIM HAMBRICKDIRECTOR
Trustee or director, Officer
1$1,800$0
TONYA HOLMSTROMCHAIR
Trustee or director, Officer
1$1,800$0
JOHN PHILLIPSDIRECTOR
Trustee or director
1$1,800$0
COLE KENEYVICE-CHAIR
Trustee or director
1$1,800$0
STEVE GEHRTZDIRECTOR
Trustee or director
1$1,550$0
JASON HOPFAUFDIRECTOR
Trustee or director
1$1,550$0
HEATHER RANCKDIRECTOR
Trustee or director
1$1,550$0
KIM KAUTZMANDIRECTOR
Trustee or director
1$800$0
MICHAEL CONNORDIRECTOR
Trustee or director
1$350$0
MATT MARSHALLDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
5630 36TH AVE S, FARGO, ND 58104-5273
Principal officer (990 for 2024)
STEVE M DUSEK, 5630 36TH AVE S, FARGO, ND 58104
Signed the 990
STEVE M DUSEK, PRESIDENT & CEO
Phone
(701) 293-8892
Return prepared by
BRADY MARTZ & ASSOCIATES PC

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.

990 for the year ended December 31, 2024

Program accomplishments

  • SBA 504 PROGRAM, 27 LOANS FUNDED IN 2024, 1,228 FUNDED PROGRAM TO DATE. DAKOTA BUSINESS LENDING IS THE NUMBER 1 SBA 504 LENDER IN THE STATE OF NORTH DAKOTA. THE SBA 504 PROGRAM PROVIDES LONG-TERM, FIXED RATE FINANCING TO AMERICA'S SMALL BUSINESSES. THE PURPOSE OF THE 504 LOAN PROGRAM IS TO CREATE AND RETAIN JOBS BY PROVIDING A STABLE, QUALITY SOURCE OF CAPITAL TO SMALL BUSINESSES WHICH OFTEN TIMES HAVE DIFFICULTY QUALIFYING FOR TRADITIONAL FINANCING.
    Expenses $2,461,590 · revenue $1,998,861
  • INTERMEDIARY RELENDING PROGRAM 1, 0 LOANS FUNDED IN 2024, 66 LOANS FUNDED TO DATE. BORROWERS IN RURAL COMMUNITIES (POPULATION UNDER 50,000) MAY BENEFIT FROM A FIXED-RATE, 5-15-YEAR LOAN UP TO $250,000 TO FINANCE A NEW OR EXISTING BUSINESS, PURCHASE EQUIPMENT OR REAL ESTATE OR USE AS WORKING CAPITAL. HEALTH-RELATED IRP LOANS ARE ALSO AVAILABLE, AS DAKOTA BUSINESS LENDING HAS ESTABLISHED A PARTNERSHIP WITH AREAS LENDERS AND SMALL BUSINESSES AS WELL AS THE U.S. DEPARTMENT OF AGRICULTURE TO OFFER THE INTERMEDIARY RELENDING PROGRAM (IRP).
    Expenses $26,791 · revenue $31,001
  • INTERMEDIARY RELENDING PROGRAM 2&3, 0 LOANS FUNDED IN 2024, 66 LOANS FUNDED TO DATE. BORROWERS IN RURAL COMMUNITIES (POPULATION UNDER 50,000) MAY BENEFIT FROM A FIXED-RATE, 5-15-YEAR LOAN UP TO $250,000 TO FINANCE A NEW OR EXISTING BUSINESS, PURCHASE EQUIPMENT OR REAL ESTATE OR USE AS WORKING CAPITAL. HEALTH-RELATED IRP LOANS ARE ALSO AVAILABLE, AS DAKOTA BUSINESS LENDING HAS ESTABLISHED A PARTNERSHIP WITH AREAS LENDERS AND SMALL BUSINESSES AS WELL AS THE U.S. DEPARTMENT OF AGRICULTURE TO OFFER THE INTERMEDIARY RELENDING PROGRAM (IRP).
    Expenses $38,293 · revenue $48,555
  • 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 INITATIVE AND THE COMMUNITY ADVANTAGE LOAN PROGRAM.
    Expenses $49,381 · revenue $119,083

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
45-0443523
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1998
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$8,880,946
Income (IRS master file)
$2,624,392

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,624,392$3,285,640$8,880,946XML
990December 2023$3,485,431$2,699,740$8,778,536XML
990December 2022$2,699,017$2,141,843$6,832,211IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 45-0443523).

Questions about DAKOTA BUSINESS LENDING

What is the EIN of DAKOTA BUSINESS LENDING?
The employer identification number (EIN) of DAKOTA BUSINESS LENDING is 45-0443523.
Is DAKOTA BUSINESS LENDING tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
Are donations to DAKOTA BUSINESS LENDING tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does DAKOTA BUSINESS LENDING 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 LENDING due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did DAKOTA BUSINESS LENDING last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of DAKOTA BUSINESS LENDING?
The 990 for the year ended December 31, 2024 names STEVE M DUSEK.
Who are the officers and directors of DAKOTA BUSINESS LENDING?
The 990 for the year ended December 31, 2024 lists 14 people; 13 received compensation from the organization, the highest $257,283 (STEVE M DUSEK, PRESIDENT & CEO).
How much revenue does DAKOTA BUSINESS LENDING have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,624,392, expenses of $3,285,640 and total assets of $8,880,946 at year end.

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