Empowers rural communities by securing and investing New Markets Tax Credits to fund development projects in isolated, distressed, and underserved areas across the nation.
Empowers rural communities by securing and investing New Markets Tax Credits to fund development projects in isolated, distressed, and underserved areas across the nation.
For fiscal year 2024 it reported $4.9M in revenue, $3.0M in expenses, and $16.9M in net assets.Pt I
Where the money goes · FY2024
Total revenue
$4.9M
Pt VIII · Ln 12
Total expenses
$3.0M
Pt IX · Ln 25
Net assets
$16.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $1.9M
Where spending went · Part IX cols B–D
80%
20%
Program services $0.80 Management & general $0.20 Fundraising $0.00
Program efficiency
80%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
22.7mo
months of highly liquid reserves at operating expense rate▼ -3% vs prior filing year
Surplus margin
+39%
revenue over expenses, this year▲ +48% vs prior filing year
Summary of the Filing
Part I · fiscal year 2024 · Form 990
Revenue
$4.9M
FY2024▲ +27%
$4.9M$2.5M$0
FY2020FY2024
Expenses
$3.0M
FY2024▲ +5%
$3.0M$1.5M$0
FY2020FY2024
Total assets
$41.5M
FY2024▲ +10%
$41.5M$20.7M$0
FY2020FY2024
Total liabilities
$24.6M
FY2024▲ +8%
$24.6M$12.3M$0
FY2020FY2024
Total revenue
$4.9M
Pt VIII · Ln 12
Total expenses
$3.0M
Pt IX · Ln 25
Net assets
$16.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$1.9M
Total assetsPt X · Ln 16$41.5M
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 416
Mission & Programs · Part III
Where the work happens
3 program services account for $2.4M of program spending, described in the organization's own filed words · FY2024.
01
Through community development loan products, dakota resources helps build the financial capacity of rural economic development corporations and revolving loan funds. Our capital investment fund (cif) is a $37.2 million lending pool making flexible capital available to finance local development projects.
$1.3Mprogram expense
02
Through capacity building programs, dakota resources helps rural communities thrive through innovative processes, tools, training, and resources. The development services programs are designed to enhance rural community and economic development leadership development.
$1.0Mprogram expense
03
Dakota resources owns 51% of dakotas america, LLC, which was formed through a joint venture solely for the purpose of applying for allocations of new markets tax credits (NMTC) from the us department of treasury cdfi fund. Dakotas america, LLC is a rural community development entity (cde) with a national service area.
Joe Bartmann’s $191K as President
is at the 88th percentile of top reported officer pay among 1637 $1–10M religion nonprofits.
Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
Individual Joe Bartmann · Reported title PRESIDENT · Highest reported compensation $191K · Total expenses $3.0M
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.3M · Total expenses $3.0M
44%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
80%
—
—
Overhead ratio
20%
—
—
Fundraising cost ratio
0%
—
—
Revenue growth
27%
—
—
Investment management fee ratio
0%
—
—
Accounting fee ratio
1%
—
—
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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