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
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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 .
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
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—
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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