Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1996.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
78 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Who runs it and what they're paid
21 people listed on the 990; $635K paid to officers and key staff.
Joe Bartmann’s $191K as President is at the 88th percentile of top reported officer pay among 1636 $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
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Joe Bartmann | $191,022 | $183,383 | $158,843 | $150,742 | $139,386 |
| Dustin Ludens | — | — | — | $147,223 | $126,505 |
| Linda Van Hofwegen Until 1120 | — | — | — | — | $146,623 |
| Kristi Wagner - Director of | $136,116 | — | — | — | — |
| Kristi Wagner | — | $132,010 | $125,025 | $124,486 | $130,694 |
| Paula Jensen | — | — | $109,832 | $110,078 | $105,224 |
| Lora Wadkins | $106,406 | $109,000 | $102,467 | — | — |
| Alexandra Sheley | — | — | — | $102,111 | — |
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.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Empowers rural communities by securing and investing New Markets Tax Credits to fund development projects in isolated, distressed, and underserved areas across the nation.
This section is blank until Dakota Resources claims this page.
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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.
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 $27.3 million lending pool making flexible capital available to finance local development projects.
Dakota resources owns 51% of dakotas america, LLC, which wasformed through a joint venture solely for the purpose of applying forallocations 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.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $893K | $314K |
| InvestmentsLn 11–13 | $3.6M | $7.3M |
| Land, buildings, equipmentLn 10c | $116K | $266K |
| Total assetsLn 16 | $27.7M | $30.2M |
| LiabilitiesLn 26 | $15.4M | $16.0M |
| Net assetsLn 32 | $12.3M | $14.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $105K | $105K | ||
| Pay of current officers, directors and key staffLn 5 | $273K | $95K | $87K | $90K |
| Other salaries and wagesLn 7 | $781K | $727K | $55K | |
| Pension plan contributionsLn 8 | $46K | $43K | $3K | |
| Other employee benefitsLn 9 | $108K | $88K | $20K | |
| Payroll taxesLn 10 | $80K | $63K | $8K | $9K |
| Investment management feesLn 11f | $6K | $6K | ||
| Other fees for servicesLn 11g | $54K | $500 | $54K | |
| Advertising and promotionLn 12 | $81K | $59K | $22K | |
| Office expensesLn 13 | $70K | $40K | $30K | |
| Information technologyLn 14 | $18K | $18K | ||
| OccupancyLn 16 | $23K | $16K | $6K | |
| TravelLn 17 | $61K | $46K | $15K | |
| Conferences, conventions and meetingsLn 19 | $44K | $44K | ||
| InterestLn 20 | $335K | $335K | ||
| Depreciation, depletion and amortizationLn 22 | $40K | $29K | $11K | |
| InsuranceLn 23 | $22K | $22K | ||
| Other expenses (24a–d)Ln 24 | $169K | $157K | $12K | |
| Total functional expensesLn 25 | $2.3M | $1.8M | $414K | $99K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $4.9M | $3.0M | $1.9M | $16.9M | 990 PDF |
| FY2023 | $3.9M | $2.9M | $1.0M | $15.0M | 990 PDF |
| FY2022 | $2.4M | $2.5M | −$56K | $14.1M | 990 PDF |
| FY2021 Viewing | $4.2M | $2.3M | $1.9M | $14.2M | 990 PDF |
| FY2020 | $4.3M | $2.3M | $2.0M | $12.3M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $4,179,502 across 6 lines filed
Part IX · Statement of functional expenses $2,317,820 across 18 lines filed
Part X · Balance sheet $30,186,336 assets, 17 lines filed
Part XI · Reconciliation of net assets $14,150,090 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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