Lake Agassiz Certified Development Company
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.
Lake Agassiz Certified Development Company at a glance
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.
- Grants paid (2025)
- $2,500 — reported as a total on the IRS filing, without an itemized list
- Total assets
- $582,862
- +29.2% vs 2024
- Revenue (2025)
- $570,968
- +32.4% vs 2024
- Net investment income (2025)
- $13,866
- Expenses (2025)
- $460,201
- +15.0% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated October 2026.
Who Lake Agassiz Certified Development Company 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 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.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Lake Agassiz Regional Council Fargo, ND | Economic Development | $13,850 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $582,862 | $570,968 | $460,201 | $2,500 | Total only | $13,866 |
| 2024 | $451,280 | $431,083 | $400,070 | — | — | — |
| 2023 | $423,645 | $428,140 | $420,279 | $13,850 | 1 | — |
| 2022 | $422,824 | $443,042 | $416,746 | $21,850 | 1 | — |
| 2021 | $439,394 | $537,405 | $388,371 | — | — | — |
| 2020 | $254,875 | $439,478 | $340,729 | — | — | — |
| 2019 | $143,225 | $273,627 | $240,935 | — | — | — |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
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.
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
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.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2022 (received by the IRS July 6, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 7, 2024)
- Added Form 990 for fiscal year 2019 (received by the IRS June 18, 2020)
- Added Form 990 for fiscal year 2025 (received by the IRS June 10, 2026)
- IRS filings on file for fiscal years 2020–2024
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