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DAKOTA BUSINESS LENDING

EIN 45-0443523 FARGO, ND

Revenue 2024
$2,624,392
Expenses 2024
$3,285,640

Program services were 78.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
S30
Classification
1000
Street
5630 36TH AVE S

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • MATT MARSHALL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JIM HAMBRICK

    DIRECTOR

    Total calculated
    $1,800
    From this org
    $1,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • STEVE GEHRTZ

    DIRECTOR

    Total calculated
    $1,800
    From this org
    $1,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • JASON HOPFAUF

    DIRECTOR

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

  • TONYA HOLMSTROM

    CHAIR

    Total calculated
    $1,800
    From this org
    $1,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • JOHN PHILLIPS

    DIRECTOR

    Total calculated
    $1,800
    From this org
    $1,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • COLE KENEY

    VICE-CHAIR

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

  • HEATHER RANCK

    DIRECTOR

    Total calculated
    $1,800
    From this org
    $1,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • STEVE M DUSEK

    PRESIDENT & CEO

    Total calculated
    $305,720
    From this org
    $257,283
    From related orgs
    $0
    Other
    $48,437
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,783
    Bonus
    $52,500
    Other
    $12,000
    Deferred
    $17,383
    Nontaxable benefits
    $31,054
    Filer's total
    $305,720

  • ANN PETERSON

    VP/LOAN OPERATIONS

    Total calculated
    $172,938
    From this org
    $138,316
    From related orgs
    $0
    Other
    $34,622
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,316
    Bonus
    $7,000
    Other
    $0
    Deferred
    $10,493
    Nontaxable benefits
    $24,129
    Filer's total
    $172,938

  • ANNJANETTE MARTINS

    SR. CREDIT MANAGER

    Total calculated
    $131,550
    From this org
    $115,414
    From related orgs
    $0
    Other
    $16,136
    Hours/week
    40

  • JASON GERDES

    BUSINESS DEVELOPMENT/COMME

    Total calculated
    $125,396
    From this org
    $104,311
    From related orgs
    $0
    Other
    $21,085
    Hours/week
    40

  • ROXANNE PFLIIGER

    SENIOR BUSINESS DEVELOPMENT/COMME

    Total calculated
    $136,576
    From this org
    $116,082
    From related orgs
    $0
    Other
    $20,494
    Hours/week
    40

  • JO BACK

    BUSINESS DEVELOPMENT/COMME

    Total calculated
    $125,800
    From this org
    $101,400
    From related orgs
    $0
    Other
    $24,400
    Hours/week
    40

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 — 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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $2,624,392
    Expenses
    $3,285,640
    Contributions
    $228,389
    Grants paid
    $0
  • 2023
    Revenue
    $3,485,431
    Expenses
    $2,699,740
    Contributions
    $124,127
    Grants paid
    $0
  • 2022
    Revenue
    $2,699,017
    Expenses
    $2,141,843
    Contributions
    $229,499
    Grants paid
    $8,374

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

  • ACHIEVEMENT UNLIMITED FOUNDATION

    $42,300

    2022 DBL used the grant proceeds for the development of a strategic plan, direction, and implementation of the newly created and certified Community Development Financial Institution (CFDI).

  • ACHIEVEMENT UNLIMITED FOUNDATION

    $42,300

    2024 DBL used the grant proceeds for the development of a strategic plan, direction, and implementation of the newly created and certified Community Development Financial Institution (CFDI).

  • ACHIEVEMENT UNLIMITED FOUNDATION

    $42,300

    2023 DBL used the grant proceeds for the development of a strategic plan, direction, and implementation of the newly created and certified Community Development Financial Institution (CFDI).

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

  • DBL EQUITY PARTNERS

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

Declared as related by

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 10 September 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.