NonprofitsDakota Business Finance

Community Improvement

Dakota Business Finance

SIOUX FALLS, SD

Total revenue

$1.8M

Total expenses

$1.6M

Net assets

$1.2M

Grants received

EIN

204158141

Tax year

2023

Mission

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.

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue$1.5M
Investment income$44K
Other revenue$252K
Total revenue$1.8M

Expenses

Grants paid$145K
Salaries & benefits
Fundraising
Other expenses$1.5M
Total expenses$1.6M
Total assets$1.4M
Net assets$1.2M

People

10 listed

NameRoleCompensation

Lynne Keller Forbes

President/CEO

Board

0

Mike Gray

Secretary/Treas

Board

0.5 hrs/wk

Jessica Harry

Director

Board

0.5 hrs/wk

Will Haugen

President

Board

0.5 hrs/wk

Bradyn Neises

Director

Board

0.5 hrs/wk

Steve Ruda

Director

Board

0.5 hrs/wk

James Grotenhuis

Vice President

Board

0.5 hrs/wk

Donald Greiner

Director

Board

0.5 hrs/wk

Jordan Rieffenberger

Director

Board

0.5 hrs/wk

Tom Frieberg

Director

Board

0.5 hrs/wk

Details

EIN204158141
NTEE codeS990
Subsection03
Ruling date2006-10
Formed2005
Employees0
DAKOTA BUSINESS FINANCE — Mission, Financials & Grants Received | Grantivo