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← DAKOTA BUSINESS LENDING

Form 990 for tax year 2022

Filed by DAKOTA BUSINESS LENDING.

Totals

Total revenue
$2,699,017
Total expenses
$2,141,843
Contributions and grants received
$229,499
Grants paid
$8,374
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$1,396,437
Management and general expenses
$745,406
Fundraising expenses
$0
Program service expenses (Part III)
$1,396,437

Program services were 65.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DAN JACOBSON

    PAST CHAIRMAN

    Total calculated
    $1,700
    From this org
    $1,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • JIM HAMBRICK

    CHAIRMAN

    Total calculated
    $2,550
    From this org
    $2,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • STEVE GEHRTZ

    DIRECTOR

    Total calculated
    $2,050
    From this org
    $2,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • JASON HOPFAUF

    DIRECTOR

    Total calculated
    $2,550
    From this org
    $2,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • KIM KAUTZMAN

    DIRECTOR

    Total calculated
    $2,050
    From this org
    $2,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • TONYA HOLMSTROM

    VICE-CHAIRMAN

    Total calculated
    $2,550
    From this org
    $2,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • JOHN PHILLIPS

    DIRECTOR

    Total calculated
    $2,550
    From this org
    $2,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • MICHAEL CONNOR

    DIRECTOR

    Total calculated
    $2,550
    From this org
    $2,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • COLE KENEY

    DIRECTOR

    Total calculated
    $2,550
    From this org
    $2,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • HEATHER RANCK

    DIRECTOR

    Total calculated
    $850
    From this org
    $850
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • STEVE M DUSEK

    PRESIDENT & CEO

    Total calculated
    $242,046
    From this org
    $206,642
    From related orgs
    $0
    Other
    $35,404
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,792
    Bonus
    $0
    Other
    $14,850
    Deferred
    $13,625
    Nontaxable benefits
    $28,717
    Filer's total
    $248,984

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • DBL EQUITY PARTNERS

    501(C)(3) · HELP & ASSIST BUSINESSES THROUGH NEW MARKET TAX CREDIT PROGRAM · ND · controlled entity

    Directly controlled by DAKOTA BUSINESS LENDING

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202303139349304700

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