Dakota Business Lending
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.
Dakota Business Lending at a glance
- Total assets
- $8,880,946
- +1.2% vs 2023
- Revenue (2024)
- $2,624,392
- -24.7% vs 2023
- Net investment income (2024)
- $198,503
- -43.5% vs 2023
- Expenses (2024)
- $3,285,640
- +21.7% vs 2023
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated October 2026.
How to apply to Dakota Business Lending
Open Grants
2 open opportunities from Dakota Business Lending
Who Dakota Business Lending funds
How this funder distributes its grants
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 2 grants of 2 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2022, annual grant giving ranged from $6K (2021) to $13K (2020). In 2022 it reported $8K in grants paid, as a total without an itemized list.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| NDSU Research & Technology Park Fargo, ND | Economic Investment | $6,250 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $8,880,946 | $2,624,392 | $3,285,640 | — | — | $198,503 |
| 2023 | $8,778,536 | $3,485,431 | $2,699,740 | — | — | $351,309 |
| 2022 | $6,832,211 | $2,699,017 | $2,141,843 | $8,374 | Total only | $165,946 |
| 2021 | $6,874,323 | $2,297,592 | $1,762,733 | $6,250 | 1 | $127,461 |
| 2020 | $6,151,963 | $1,480,924 | $1,551,455 | $12,500 | 1 | $175,883 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Dakota Business Lending
Based on IRS filings
Dakota Business Lending is a public charity focused on Community Improvement & Capacity Building, based in Fargo, ND. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $8.9M in total assets. Net investment income was $199K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Dakota Business Lending is led by Steve M. Dusek, President & CEO on every filing since 2020; 13 of 14 officers listed in 2024 are compensated.
Officers on the 2024 filing
Steve M. Dusek
President & CEO
On filings since 2020
40 hrs/week
$147K (2020) → $257K (2024)
Tonya Holmstrom
Chair
Vice Chairman → Chair, 2023
On filings since 2020
1 hr/week
$3K (2020) → $2K (2024)
Jason Hopfauf
Director
On filings since 2020
1 hr/week
$2K (2020) → $2K (2024)
Jim Hambrick
Director
Chairman → Director, 2023
On filings since 2020
1 hr/week
$3K (2020) → $2K (2024)
John Phillips
Director
On filings since 2020
1 hr/week
$3K (2020) → $2K (2024)
Steve Gehrtz
Director
On filings since 2020
1 hr/week
$1K (2020) → $2K (2024)
Heather Ranck
Director
On filings since 2022
1 hr/week
$850 (2022) → $2K (2024)
Matt Marshall
Director
On filings since 2023
1 hr/week
No compensation reported
Cole Keney
Vice Chair
Director → Vice Chair, 2023
On filings since 2021
1 hr/week
$850 (2021) → $2K (2024)
Ann Peterson
Vice President & Loan Operations
On filings since 2023
40 hrs/week
$120K (2023) → $138K (2024)
Annjanette Martins
Senior Credit Manager
On filings since 2023
40 hrs/week
$102K (2023) → $115K (2024)
Jason Gerdes
Business Development & Comme
Business Development & Commercial Loan Officer → Business Development & Comme, 2024
On filings since 2023
40 hrs/week
$104K (2023) → $104K (2024)
Roxanne Pfliiger
Senior Business Development & Comme
Business Development & Commercial Loan Officer → Senior Business Development & Comme, 2024
On filings since 2023
40 hrs/week
$107K (2023) → $116K (2024)
Jo Back
Business Development & Comme
New on the 2024 filing
40 hrs/week
$101K (2024)
Former officers (5)
- Former: Kim Kautzman (2020–2023) — Director
- Former: Michael Connor (2020–2023) — Director
- Former: Dan Jacobson (2020–2022) — Past Chairman
- Former: Richard Becker (2020–2021) — Secretary & Treasurer
- Former: Andrew Margos (2020) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $257K, to Steve M Dusek (President & CEO). 13 officers or directors reported compensation on that filing.
Frequently asked questions about Dakota Business Lending
How large is Dakota Business Lending?
Dakota Business Lending reported $8.9M in total assets on its 2024 IRS Form 990. Its revenue that year was $2.6M.
What is Dakota Business Lending?
Dakota Business Lending is a public charity focused on Community Improvement & Capacity Building, based in Fargo, ND. It holds $8.9M in total assets as of 2024.
Where does Dakota Business Lending operate?
Dakota Business Lending has awarded grants in North Dakota.
What is Dakota Business Lending's EIN?
Dakota Business Lending's EIN (Employer Identification Number) is 45-0443523. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990 filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 12, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 3, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 9, 2023)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Dakota Business Lending's focus areas in our free grants database
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Alva J Field Memorial Trust
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Fargo-Moorhead Area Foundation Corporation
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Offutt Family Foundation
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Assets
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Grants
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Total Given
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More similar funders
More Funders in North Dakota
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Dakota Business Lending down — hundreds of funders to go?