Loading organization details...
Loading organization details...
Dakota Business Finance provides financing for a wide range of businesses through the SBA 504 Loan Program. This program provides fixed rate financing for the purchase of long-term assets such as the purchase of land, purchase and construction of buildings, renovate or remodel existing facilities, and/or purchase of long-term machinery and equipment.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$1.8M
Program Spending
88%
of total expenses go to program services
Total Contributions
$0
Total Expenses
▼$1.6M
Total Assets
$1.4M
Total Liabilities
▼$216.7K
Net Assets
$1.2M
Officer Compensation
→$0
Other Salaries
$0
Investment Income
$43.7K
Fundraising
▼N/A
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $1.8M | $0 | $1.6M | $1.4M | $1.2M |
| 2022 | $1.5M | $0 | $1.7M | $1M | $909.9K |
| 2021 | $1.6M | $0 | $1M | $1.1M | $1.1M |
| 2020 | $1.4M | $0 | $1.3M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Lynne Keller Forbes | President/ceo | — | $0 | $273.1K | $0 | $273.1K |
| Mike Gray | Secretary/treas | 0.5 | $0 | $0 | $0 | $0 |
| Will Haugen | President | 0.5 | $0 | $0 | $0 | $0 |
| James Grotenhuis | Vice President | 0.5 | $0 | $0 | $0 | $0 |
Lynne Keller Forbes
President/ceo
$273.1K
Hrs/Wk
—
Compensation
$0
Related Orgs
$273.1K
Other
$0
Mike Gray
Secretary/treas
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Will Haugen
President
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
James Grotenhuis
Vice President
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Bradyn Neises | Director | 0.5 | $0 | $0 | $0 | $0 |
| Donald Greiner | Director | 0.5 | $0 | $0 | $0 | $0 |
| Jessica Harry | Director | 0.5 | $0 | $0 | $0 | $0 |
| Jordan Rieffenberger | Director | 0.5 | $0 | $0 | $0 | $0 |
| Steve Ruda | Director | 0.5 | $0 | $0 | $0 | $0 |
| Tom Frieberg | Director |
Bradyn Neises
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Donald Greiner
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Jessica Harry
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
| $603.3K |
| $520.7K |
| 2019 | $737K | $0 | $761.4K | $414.3K | $380.4K |
| 2018 | $775.5K | $0 | $732.4K | $476.7K | $404.8K |
| 2017 | $634.7K | $0 | $704.9K | $410.5K | $361.8K |
| 2016 | $525K | $0 | $429.6K | $457.3K | $432K |
| 2015 | $515.3K | $0 | $393.7K | $360.3K | $336.7K |
| 2014 | $409K | $0 | $315K | $235.2K | $215.1K |
| 2013 | $366.4K | $0 | $308.6K | $156.7K | $121.1K |
| 2012 | $216.4K | $0 | $259.7K | $105.8K | $63.3K |
| 2011 | $207.9K | $0 | $182.8K | $129.1K | $106.6K |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990-EZ | — |
| 2009 | 990-EZ | — |
| 2008 | 990-EZ | — |
| 2007 | 990-EZ | — |
| 0.5 |
| $0 |
| $0 |
| $0 |
| $0 |
Jordan Rieffenberger
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Steve Ruda
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Tom Frieberg
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0