Lake Agassiz Certified Development

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.

Financial Overview

From 2024 IRS Form 990-PF

Total Assets

$451K

+6.5% YoY

Annual Giving

-100.0% YoY

Grant Count

0

-100.0% YoY

Avg Grant Size

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$148K$296K$443K$591K20202021202220232024
Metric202420232022
Total Assets$451,280$423,645$422,824
Revenue$431,083$428,140$443,042
Expenses$400,070$420,279$416,746
Qualifying Distributions
Net Investment Income
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$5K$11K$16K$22K0 grants20200 grants20211 grants20221 grants20230 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 0 recipients in 2024

Grant Size Distribution

2 grants across all recorded years

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

Giving History

Grant recipients and amounts by year

No grants recorded for .

Who else does Lake Agassiz Certified Development fund?

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Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

SCOTT SCHULTZDIRECTOR$575KELSEY SMITHDIRECTOR$575JUSTIN NEPPLTREASURER$550RICK STECKLERDIRECTOR$550JAKE KLOBUCHARVICE PRESIDENT$550LEROY ADAMS ENDED 1224TREASURER$525MIKE BANNACHPRESIDENT$500DAN DELAHOYDESECRETARY$450LANDON POSS STARTED …DIRECTOR$225MICHAEL GUSTDIRECTOR$200

From 2024 filing

NameTitleHoursCompensation
MIKE BANNACHPRESIDENT2$500
DAN DELAHOYDESECRETARY2$450
LEROY ADAMS ENDED 1224TREASURER2$525
MICHAEL GUSTDIRECTOR2$200
SCOTT SCHULTZDIRECTOR2$575
JUSTIN NEPPLTREASURER2$550
RICK STECKLERDIRECTOR2$550
KELSEY SMITHDIRECTOR2$575
JAKE KLOBUCHARVICE PRESIDENT2$550
LANDON POSS STARTED 1224DIRECTOR2$225
TROY OTT STARTED 1224DIRECTOR2
DON LITCHCHIEF FINANCIAL OFFICER2.6
AMBER METZEXECUTIVE DIRECTOR3.6

Geographic Focus

Where this funder has awarded grants

Grant Distribution by State

1states

States

Cities

Fargo

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

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