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Nonprofiteer
← LAKOTA FUND

Form 990 for tax year 2025

Filed by LAKOTA FUND.

Totals

Total revenue
$8,006,642
Total expenses
$5,049,704
Contributions and grants received
$6,466,332
Grants paid
$1,666,436
Program service revenue
$1,323,622
Investment income
$124,739
Other revenue
$91,949
Total assets, end of year
$31,952,863
Total liabilities, end of year
$6,531,575
Net assets or fund balances, end of year
$25,421,288
Program services expenses (Part IX)
$4,219,994
Management and general expenses
$784,346
Fundraising expenses
$45,364
Program service expenses (Part III)
$4,219,994

Program services were 83.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $4,660,700

  • 1f · All other contributions, gifts and grants

    $1,805,632

  • 2a · Program service revenue: LOAN INTEREST INCOME

    total $1,130,063 · related or exempt $1,130,063

  • 2b · Program service revenue: LOAN FEES

    total $184,106 · related or exempt $184,106

  • 2c · Program service revenue: NACO PROGRAM FEES

    total $9,453 · related or exempt $9,453

  • 3 · Investment income

    total $124,739 · excluded $124,739

  • 6a · Gross rents

    real property $72,521

  • 6c · Rental income or loss

    real property $72,521

  • 6d · Net rental income or loss

    total $72,521 · excluded $72,521

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $14,635 · related or exempt $14,635

  • 11b · Other revenue: CAPITAL CREDITS

    total $4,793 · excluded $4,793

  • 11e · Other revenue, total

    $19,428

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,442,451 · program services $1,442,451

  • 2 · Grants to domestic individuals

    total $223,985 · program services $223,985

  • 5 · Compensation of officers, directors and key employees

    total $283,840 · program services $207,569 · management and general $64,134 · fundraising $12,137

  • 7 · Other salaries and wages

    total $574,410 · program services $412,932 · management and general $134,568 · fundraising $26,910

  • 8 · Pension plan contributions

    total $12,823 · program services $9,393 · management and general $2,858 · fundraising $572

  • 9 · Other employee benefits

    total $67,429 · program services $49,391 · management and general $15,030 · fundraising $3,008

  • 10 · Payroll taxes

    total $61,372 · program services $44,955 · management and general $13,680 · fundraising $2,737

  • 11b · Fees: legal

    total $3,784 · management and general $3,784

  • 11c · Fees: accounting

    total $71,376 · management and general $71,376

  • 11g · Fees: other

    total $249,143 · program services $23,252 · management and general $225,891

  • 12 · Advertising and promotion

    total $2,870 · program services $2,870

  • 13 · Office expenses

    total $65,891 · program services $47,268 · management and general $18,623

  • 14 · Information technology

    total $8,853 · program services $6,640 · management and general $2,213

  • 16 · Occupancy

    total $120,513 · program services $90,384 · management and general $30,129

  • 17 · Travel

    total $32,805 · program services $25,866 · management and general $6,939

  • 19 · Conferences, conventions and meetings

    total $139,777 · program services $113,376 · management and general $26,401

  • 20 · Interest

    total $118,285 · management and general $118,285

  • 22 · Depreciation, depletion and amortization

    total $85,892 · program services $64,419 · management and general $21,473

  • 23 · Insurance

    total $53,263 · program services $39,947 · management and general $13,316

  • 24a · Other expenses: CREDIT LOSS PROVISION

    total $1,113,756 · program services $1,113,756

  • 24b · Other expenses: LOAN FORGIVENESS

    total $243,434 · program services $243,434

  • 24c · Other expenses: DUES, LICENSES, PUBS

    total $61,082 · program services $45,436 · management and general $15,646

  • 24d · Other expenses: HOUSING PROGRAM SUPPLIES

    total $12,670 · program services $12,670

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,425,646 · end of year $254,073

  • 2 · Savings and temporary cash investments

    beginning of year $1,759,752 · end of year $8,974,932

  • 3 · Pledges and grants receivable

    beginning of year $556,018 · end of year $159,553

  • 4 · Accounts receivable

    beginning of year $8,653 · end of year $7,682

  • 7 · Other notes and loans receivable

    beginning of year $13,341,770 · end of year $21,904,702

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,251 · end of year $26,968

  • 10a · Land, buildings and equipment: cost or other basis

    $2,654,354

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,054,401

  • 10c · Land, buildings and equipment, net

    beginning of year $623,028 · end of year $599,953

  • 15 · Other assets

    beginning of year $25,000 · end of year $25,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $41,938 · end of year $38,654

  • 19 · Deferred revenue

    beginning of year $103,720 · end of year $89,895

  • 23 · Secured mortgages and notes payable

    beginning of year $109,990

  • 24 · Unsecured notes and loans payable

    beginning of year $4,040,120 · end of year $6,403,026

  • 27 · Net assets without donor restrictions

    beginning of year $20,968,656 · end of year $24,572,554

  • 28 · Net assets with donor restrictions

    beginning of year $1,495,694 · end of year $848,734

Mission and programs · 2025

Mission

PROMOTE ECONOMIC SUSTAINABILITY AND BREAK THE CYCLE OF POVERTY BY PROVIDING NATIVE PEOPLE WITH ACCESS TO THE CAPITAL AND FINANCIAL SERVICES HEALTHY COMMUNITIES NEED TO FLOURISH.

Activities or mission (Part I)

LAKOTA FUNDS PROMOTES ECONOMIC SUSTAINABILITY BY PROVIDING ACCESS TO CREDIT FOR NATIVE PEOPLE

  • LAKOTA FUNDS PROVIDES ECONOMIC DEVELOPMENT THROUGH BUSINESS LOANS, TECHNICAL ASSISTANCE, WORKFORCE DEVELOPMENT, AND FINANCIAL EDUCATION ON THE PINE RIDGE AND ROSEBUD RESERVATIONS AND SURROUNDING AREA. THEIR LENDING HAS INCREASED SUBSTANTIALLY IN THE LAST 7 YEARS AS EVIDENCED BY A 850% INCREASE IN LOAN PORTFOLIO GROWTH, FROM 2.5M IN 2018 TO 23.8M IN 2025.

    Expenses $4,219,994 · Grants $1,666,436 · Revenue $1,338,257

As filed on the 2025 return.

Listed in Part VII

  • Tawney Brunsch

    EXECUTIVE DI

    Total calculated
    $146,757
    From this org
    $132,024
    From related orgs
    $0
    Other
    $14,733
    Hours/week
    45

  • Ellen White Thunder

    DEPUTY DIREC

    Total calculated
    $118,409
    From this org
    $103,952
    From related orgs
    $0
    Other
    $14,457
    Hours/week
    40

  • Lavonne Randall

    FINANCE DIRE

    Total calculated
    $113,383
    From this org
    $99,202
    From related orgs
    $0
    Other
    $14,181
    Hours/week
    40

  • Warren Cross

    VICE CHAIR

    Total calculated
    $4,500
    From this org
    $4,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Marla Thunder Bull

    SECRETARY/TR

    Total calculated
    $4,100
    From this org
    $4,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Carol Ferguson

    DIRECTOR

    Total calculated
    $3,900
    From this org
    $3,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Angie Eagle Bull

    BOARD CHAIRM

    Total calculated
    $3,700
    From this org
    $3,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Donalee Fischer

    DIRECTOR

    Total calculated
    $3,600
    From this org
    $3,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Kevin Yellowbird Steele

    DIRECTOR

    Total calculated
    $2,900
    From this org
    $2,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Russell Cournoyer

    DIRECTOR

    Total calculated
    $800
    From this org
    $800
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

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.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2025
Filed
2 June 2026
IRS schema version
2025v4.0
Source object
202631539349300138

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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