Lake Agassiz Certified Development Company logo

Lake Agassiz Certified Development Company

501(c)(4) organization Fargo, ND EIN: 20-1390956 Website

The Lake Agassiz Certified Development Company (LACDC) is a non-profit corporation whose mission is to assist in maintaining and enhancing the economic viability of communities throughout North Dakota. In this capacity, LACDC provides financial resources and technical assistance, through federal, state, and local partnerships, to the state's small business enterprises.

Key facts about Lake Agassiz Certified Development Company

In short: Lake Agassiz Certified Development Company reported $3K in grants paid in 2025 (a total; its filing lists no individual grants). Source: 2025 IRS Form 990.

EIN
20-1390956
Latest 990 filing
Form 990, 2025
Grants paid (2025)
$2,500 — reported as a total on the IRS filing, without an itemized list
Total assets
$582,862

Data from IRS Form 990, 2025; updated October 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$583K

+29.2% YoY

Grants Paid (reported total)

$3K

Revenue

$571K

+32.4% YoY

Net Investment Income

$14K

About Lake Agassiz Certified Development Company

Based on IRS filings

Lake Agassiz Certified Development Company is a public charity, based in Fargo, ND. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $583K in total assets. In 2025, it reported $3K in grants paid as a total on its IRS filing, without an itemized list. Net investment income was $14K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

States

Cities

Fargo

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K0 grants2019 0 grants2020 0 grants2021 1 grant2022 1 grant2023 0 grants2024 Total only2025

From 2022 to 2025, annual grant giving ranged from $3K (2025) to $22K (2022). In 2025 it reported $3K 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.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

2 grants across all recorded years

2<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 2 grants of 2 (100%).

Giving History

Grant recipients and amounts by year

No grants recorded for 2025.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$200K$400K$600K$800K2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$582,862$451,280$423,645
Revenue$570,968$431,083$428,140
Expenses$460,201$400,070$420,279
Net Investment Income$13,866——

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2022 (received by the IRS July 6, 2023)
  2. Updated Form 990 for fiscal year 2023 (received by the IRS May 7, 2024)
  3. Added Form 990 for fiscal year 2019 (received by the IRS June 18, 2020)
  4. Added Form 990 for fiscal year 2025 (received by the IRS June 10, 2026)
  5. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Lake Agassiz Certified Development Company is led by Mike Bannach, President on every filing since 2019; 10 of 12 officers listed in 2025 are compensated.

Officers on the 2025 filing

  • Mike Bannach

    President

    On filings since 2019

    2 hrs/week

    $700 (2019) → $575 (2025)

  • Amber Metz

    Executive Director

    On filings since 2019

    3.6 hrs/week

    No compensation reported

  • Michael Gust

    Director

    Director → Vice President, 2022

    Vice President → Director, 2024

    On filings since 2019

    2 hrs/week

    $650 (2019) → $300 (2025)

  • Scott Schultz

    Director

    On filings since 2020

    2 hrs/week

    $700 (2020) → $575 (2025)

  • Kelsey Smith

    Director

    On filings since 2022

    2 hrs/week

    $450 (2022) → $575 (2025)

  • Landon Poss

    Director

    On filings since 2024

    2 hrs/week

    $225 (2024) → $450 (2025)

  • Troy Ott

    Director

    On filings since 2024

    2 hrs/week

    $575 (2025)

  • Rick Steckler Left

    Director

    New on the 2025 filing

    2 hrs/week

    $200 (2025)

  • Dan Delahoyde

    Secretary

    On filings since 2019

    2 hrs/week

    $300 (2019) → $550 (2025)

  • Justin Neppl

    Treasurer

    Director → Treasurer, 2024

    On filings since 2019

    2 hrs/week

    $375 (2019) → $475 (2025)

  • Jake Klobuchar

    Vice President

    Director → Vice President, 2024

    On filings since 2023

    2 hrs/week

    $575 (2023) → $575 (2025)

  • Don Litch

    Chief Financial Officer

    On filings since 2019

    2.6 hrs/week

    No compensation reported

Former officers (6)
  • Former: Leroy Adams (2019–2024) — Treasurer · Filing note: Ended 12/2024
  • Former: Rick Steckler (2021–2024) — Director · Filing note: Started dec 2021
  • Former: Tim Oehike (2019–2022) — Director · Filing note: Resigned May 2022
  • Former: Steve McLaen (2019–2021) — Vice President · Filing note: Resigned aug 2021
  • Former: Tracy Green (2019–2021) — Director · Filing note: Resigned aug 2021
  • Former: Jay Friedt (2019) — Director

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Mike Bannach — President: $575Mike BannachPresident$575Scott Schultz — Director: $575Scott SchultzDirector$575Kelsey Smith — Director: $575Kelsey SmithDirector$575Jake Klobuchar — Vice President: $575Jake KlobucharVice President$575Troy OTT — Director: $575Troy OTTDirector$575Dan Delahoyde — Secretary: $550Dan DelahoydeSecretary$550Justin Neppl — Treasurer: $475Justin NepplTreasurer$475Landon Poss — Director: $450Landon PossDirector$450Michael Gust — Director: $300Michael GustDirector$300Rick Steckler Left 1225 — Director: $200Rick Steckler Left 1225Director$200

The highest reported compensation on the 2025 filing was $575, to Mike Bannach (President). 10 officers or directors reported compensation on that filing.

Frequently asked questions about Lake Agassiz Certified Development Company

How much does Lake Agassiz Certified Development Company give each year?

Lake Agassiz Certified Development Company reported $3K in grants paid in 2025 on its 2025 IRS Form 990, as a total without an itemized list of grants.

How large is Lake Agassiz Certified Development Company?

Lake Agassiz Certified Development Company reported $583K in total assets on its 2025 IRS Form 990. Its revenue that year was $571K.

Where does Lake Agassiz Certified Development Company operate?

Lake Agassiz Certified Development Company has awarded grants in North Dakota.

What is Lake Agassiz Certified Development Company's EIN?

Lake Agassiz Certified Development Company's EIN (Employer Identification Number) is 20-1390956. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated October 2026. Sourced from IRS Form 990 filings.

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