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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.9M
+1.2% YoY
Revenue
$2.6M
-24.7% YoY
Net Investment Income
$199K
-43.5% YoY
Expenses
$3.3M
+21.7% YoY
About Dakota Business Lending
Based on IRS filings
Dakota Business Lending is a nonprofit organization 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
Ready to take the next step with Dakota Business Lending?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $8,880,946 | $8,778,536 | $6,832,211 |
| Revenue | $2,624,392 | $3,485,431 | $2,699,017 |
| Expenses | $3,285,640 | $2,699,740 | $2,141,843 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $198,503 | $351,309 | $165,946 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Open Grants
2 open opportunities from Dakota Business Lending
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MATT MARSHALL | DIRECTOR | 1 | — |
| JIM HAMBRICK | DIRECTOR | 1 | $1,800 |
| STEVE GEHRTZ | DIRECTOR | 1 | $1,800 |
| JASON HOPFAUF | DIRECTOR | 1 | $1,550 |
| TONYA HOLMSTROM | CHAIR | 1 | $1,800 |
| JOHN PHILLIPS | DIRECTOR | 1 | $1,800 |
| COLE KENEY | VICE-CHAIR | 1 | $1,550 |
| HEATHER RANCK | DIRECTOR | 1 | $1,800 |
| STEVE M DUSEK | PRESIDENT & CEO | 40 | $257,283 |
| ANN PETERSON | VP/LOAN OPERATIONS | 40 | $138,316 |
| ANNJANETTE MARTINS | SR. CREDIT MANAGER | 40 | $115,414 |
| JASON GERDES | BUSINESS DEVELOPMENT/COMME | 40 | $104,311 |
| ROXANNE PFLIIGER | SENIOR BUSINESS DEVELOPMENT/COMME | 40 | $116,082 |
| JO BACK | BUSINESS DEVELOPMENT/COMME | 40 | $101,400 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Dakota Business Lending?
Dakota Business Lending is a nonprofit organization focused on Community Improvement & Capacity Building, based in FARGO, ND. It holds $8.9M in total assets as of 2024.
How large is Dakota Business Lending?
As of 2024, Dakota Business Lending holds $8.9M in total assets with $2.6M in annual revenue.
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.
Explore Open Grants
Browse active grant opportunities in Dakota Business Lending's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
The Barry Foundation
FARGO, ND
Assets
$54.9M
Grants
322
Total Given
$1.8M
Blue Cross Blue Shield of North Dakota Caring Foundation
FARGO, ND
Assets
$20.9M
Grants
256
Total Given
$860K
Alva J Field Memorial Trust
WILLISTON, ND
Assets
—
Grants
222
Total Given
$1.2M
Fargo-moorhead Area Foundation
FARGO, ND
Assets
$126.6M
Grants
178
Total Given
$5.6M
North Dakota Long Term Care Foundation
BISMARCK, ND
Assets
—
Grants
138
Total Given
$79K
Offutt Family Foundation
FARGO, ND
Assets
$380.7M
Grants
114
Total Given
$9.6M
The Doris Marcoux Educational Foundation
WILLISTON, ND
Assets
$664K
Grants
89
Total Given
$43K
Myra Foundation
GRAND FORKS, ND
Assets
—
Grants
75
Total Given
$717K
The Tom and Frances Leach Foundatio
BISMARCK, ND
Assets
—
Grants
69
Total Given
$2.0M
Alex Stern Family Foundation
FARGO, ND
Assets
—
Grants
67
Total Given
$565K
Dakota Medical Foundation
FARGO, ND
Assets
$63.4M
Grants
62
Total Given
$2.1M
Steer Inc
BISMARCK, ND
Assets
$7.4M
Grants
51
Total Given
$1.4M
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Dakota Business Lending on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Dakota Business Lending to a real strategy.