2023-09-13T11:01:06-05:00 2022-12-31 450250958 EIDE BAILLY LLP 200 E 10TH ST STE 500 SIOUX FALLS SD 571046375 990 2022-01-01 460442430 DAKOTA RESOURCES DAKO 6059782804 25795 475TH AVE RENNER SD 57055 JOE BARTMANN PRESIDENT 6059782804 2023-09-12 1 JOE BARTMANN XXX-XX-XXXX 1 LAURIE HANSON CPA P00851848 6053391999 2023-09-11 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOE BARTMANN 25795 475TH AVE RENNER SD 57055 2438799 0 X WWW.DAKOTARESOURCES.ORG X 1996 SD CONNECTING CAPACITY AND CAPITAL TO EMPOWER RURAL COMMUNITIES. 15 15 11 31 0 0 2498078 670358 1656108 1674403 25316 94038 0 0 4179502 2438799 105150 1295 0 0 1289039 1246712 0 0 16082 923631 1246611 2317820 2494618 1861682 -55819 30186336 32660027 16036246 18579097 14150090 14080930 X DAKOTA RESOURCES IN CONNECTING CAPITAL AND CAPACITY TO EMPOWER RURAL COMMUNITIES. WE BELIEVE THAT LEADERSHIP CAPACITY AND ACCESS TO CAPITAL ARE KEY TO CREATING THE FUTURE OF RURAL. OUR PRODUCTS AND PROGRAMS ARE AIMED AT SUPPORTING RURAL CHANGE LEADERS AND ECONOMIC DEVELOPMENT ORGANIZATIONS TOWARD THRIVING COMMUNITIES. 0 0 786745 247 835110 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 $31.1 MILLION LENDING POOL MAKING FLEXIBLE CAPITAL AVAILABLE TO FINANCE LOCAL DEVELOPMENT PROJECTS. THE CIF WAS 93.7% DEPLOYED AT THE END OF 2022. IT IS A SIGNIFICANT SOURCE OF FLEXIBLE CAPITAL FOR RURAL ECONOMIC DEVELOPMENT CORPORATIONS AND REVOLVING LOAN FUNDS IN THE STATE, ALONG WITH RURAL CDFIS ACROSS THE NATION, PROVIDING REASONABLY PRICED, UNSECURED CAPITAL ON A TEN-YEAR INTEREST-ONLY TERM.DAKOTA RESOURCES RECEIVED A $10 MILLION ALLOCATION FROM USDA RURAL DEVELOPMENT UNDER THE COMMUNITY FACILITY RE-LENDING PROGRAM TO RE-LEND INTO ESSENTIAL COMMUNITY FACILITIES IN COMMUNITIES UNDER 20,000 ACROSS SOUTH DAKOTA. THROUGH THIS PROGRAM, DAKOTA RESOURCES HAS INVESTED $4.75 MILLION TO PROVIDE ESSENTIAL COMMUNITY FACILITIES IN RURAL SOUTH DAKOTA.DAKOTA RESOURCES RBEG LOAN FUND PROVIDES FLEXIBLE LOW-COST CAPITAL TO SECOND-STAGE SMALL BUSINESS OWNERS ACROSS THE STATE OF SOUTH DAKOTA. 1061123 1048 136435 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. THE DAKOTA RESOURCES LEARNING NETWORK IS DESIGNED TO HELP RURAL ECONOMIC DEVELOPMENT LEADERS CONNECT AND ENGAGE WITH ONE ANOTHER IN ORDER TO LEARN FASTER TOGETHER ABOUT TOPICS THAT MATTER MOST TO RURAL ECONOMIC AND COMMUNITY DEVELOPMENT, INCLUDING ENGAGING PEOPLE, SUPPORTING HOUSING DEVELOPMENT, SUPPORTING LOCAL BUSINESSES AND MANAGING LOCAL ECONOMIC DEVELOPMENT ORGANIZATIONS. THE LEARNING NETWORK INCLUDES: - LIVE/ON-DEMAND WEBINARS - IN-PERSON PEER-TO-PEER LEARNING CONFERENCES - WEEKLY ONLINE INTERACTIVE STORIES AND BEST PRACTICES - OPEN-SOURCE TOOLKITS AND RESOURCE LIBRARY OUR COMMUNITY COACHING PROGRAM HELPS RURAL COMMUNITY AND ECONOMIC DEVELOPMENT LEADERS TO LEVEL UP THEIR SKILLS TO EMPOWER LOCAL PEOPLE AND ORGANIZATIONS TO LEAD ACTION. ON-DEMAND COACHING SERVICES PROVIDE ACCESS TO CAPACITY-BUILDING TOOLS AND PROCESSES.RURALX IS AN ANNUAL CONFERENCE THAT BRINGS TOGETHER COMMUNITY LEADERS AND SPIRITED PEOPLE WHO THINK DIFFERENTLY ABOUT RURAL. THIS HIGH-ENERGY EVENT FEATURES INSPIRATIONAL SPEAKERS, BOLD BREAKOUT SESSIONS, AND OPPORTUNITIES TO NETWORK WITH LIKE-MINDED INDIVIDUALS. RURALX IS A SPACE FOR RURAL SHAPERS TO EXPLORE IDEAS AND DISCUSS TOPICS RELEVANT TO THEIR COMMUNITIES. 132590 0 702858 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. THE MISSION IS TO PROVIDE NMTC INVESTMENT TO THE MOST ISOLATED, DISTRESSED AND UNDERSERVED AREAS OF THE UNITED STATES. DAKOTA RESOURCES HAS A SEVEN-YEAR MANAGEMENT AGREEMENT IN PLACE TO MANAGE DAKOTAS AMERICA THROUGH DECEMBER 31, 2023. SINCE INCEPTION, DAKOTAS AMERICA HAS BEEN AWARDED SEVEN ALLOCATIONS OF AUTHORITY TO ISSUE $460,000,000 OF QUALIFIED EQUITY INVESTMENTS (QEI). 1980458 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 21 0 1 11 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 1 1 X X JOE BARTMANN 6059782804 25795 475TH AVE RENNER SD 57055 RUTH CHRISTOPHERSON CHAIR 2.00 0.00 X X 0 0 0 HEIDI ZELLER-CRAWFORD VICE CHAIR 1.00 0.00 X X 0 0 0 MARK LITTON SECRETARY/TREASURER 1.00 0.50 X X 0 0 0 RACHAEL SHERARD IMMEDIATE PAST CHAIR 1.00 0.50 X X 0 0 0 GARY CAMMACK BOARD MEMBER 0.50 0.00 X 0 0 0 KELLY MELIUS BOARD MEMBER 0.50 0.00 X 0 0 0 JACQSON COLLINS BOARD MEMBER 0.50 0.00 X 0 0 0 BLAINE CRISSMAN BOARD MEMBER 0.50 0.00 X 0 0 0 MARC EYRE BOARD MEMBER 0.50 0.00 X 0 0 0 BRAD MOORE BOARD MEMBER 0.50 0.00 X 0 0 0 CONNIE HALVERSON BOARD MEMBER 0.50 0.00 X 0 0 0 JULIE STEVENSON BOARD MEMBER 0.50 0.00 X 0 0 0 LINDA SALMONSON BOARD MEMBER 0.50 0.00 X 0 0 0 LAKOTA VOGEL BOARD MEMBER 0.50 0.00 X 0 0 0 JUSTIN GRAY BOARD MEMBER 0.50 0.50 X 0 0 0 JOE BARTMANN PRESIDENT 40.00 0.00 X 158843 0 26085 LORA WADKINS DIRECTOR OF COMPLIANCE, CONTROLLER 40.00 0.00 X 102467 0 14217 ALEXANDRA SHELEY VP OF FINANCE & CONTROLLER (END 10/2022) 40.00 0.00 X 63826 0 3045 PAULA JENSEN VP OF PROGRAM DEVELOPMENT 40.00 0.00 X 109832 0 17272 KRISTI WAGNER CONNECTOR & COMMUNITY COACH 40.00 0.00 X 125025 0 21887 559993 0 82506 4 0 1 0 DUSTIN J LUDENS 37016 285TH ST GEDDES SD 57342 MANAGEMENT SERVICES 111119 1 415358 255000 670358 INTEREST ON LOANS 561499 835110 835110 INC FROM DAKOTAS AMERI 561499 413032 413032 MANAGEMENT FEE INCOME 561499 289826 289826 REGISTRATION AND MISC 561499 136435 136435 1674403 87822 87822 6216 0 6216 6216 6216 2438799 1674403 0 94038 1295 1295 369243 165661 188550 15032 636458 626415 10043 39503 37528 1975 124398 102741 21657 77110 61016 15044 1050 30334 30334 12251 12251 62613 500 62113 55890 43181 12709 62307 38774 23533 19255 19255 24066 18593 5473 55163 45776 9387 39605 39605 348606 348606 68194 52687 15507 24070 24070 COMMUNITY ENGAGEMENT 256740 256740 PROVISION FOR BAD DEBTS 180945 180945 USE TAX 5698 5698 RECRUITMENT & RETENTION 874 874 2494618 1980458 498078 16082 314166 1481282 1049531 277816 57998 42327 21072246 28330213 6725 2506 413453 154107 266044 259346 6523917 1486988 742787 761583 152922 17966 30186336 32660027 54075 69097 900 0 15981271 18510000 16036246 18579097 X 11766742 13336274 2383348 744656 14150090 14080930 30186336 32660027 -55819 -13341 0 X 0 1 X 1 1 1 X 1009496 539144 1903304 2498078 670358 6620380 2292083 3044162 2295863 1656108 1674403 10962619 3301579 3583306 4199167 4154186 2344761 17582999 0 1245254 827512 785346 656461 723893 4238466 1245254 827512 785346 656461 723893 4238466 13344533 24838 69194 58755 23533 87822 264142 24838 69194 58755 23533 87822 264142 3326417 3652500 4257922 4177719 2432583 17847141 0.74770 0.76850 0.01480 0.01110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 413453 154107 259346 259346 X 2419155 -13341 5948 -7393 2426548 12251 12251 2438799 2488315 5948 5948 2482367 12251 12251 2494618 PART X, LINE 2: THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS AFFECTING ITS ANNUAL FILING REQUIREMENT, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSES IF SUCH INTEREST AND PENALTIES ARE INCURRED. X 1 1 X X 0 0 0 0 0 0 0 0 0 JOE BARTMANN PRESIDENT 150028 0 0 0 8815 0 9638 0 16764 0 185245 0 0 0 PART I, LINE 1A ALL EMPLOYEES, INCLUDING OFFICERS WHO ARE EMPLOYEES, ARE ELIGIBLE TO PARTICIPATE IN A WELLNESS REIMBURSEMENT PROGRAM, WHEREIN EMPLOYEES MAY RECEIVE REIMBURSEMENT FOR UP TO $1,200 PER YEAR FOR ELIGIBLE HEALTH AND WELLNESS-RELATED EXPENSES. EMPLOYEES MUST PROVIDE RECEIPTS FOR EXPENSES TO BE REIMBURSED, AND REIMBURSEMENTS ARE INCLUDED IN TAXABLE INCOME FOR THE EMPLOYEE. ELIGIBLE EXPENSES MAY, BUT DO NOT NECESSARILY INCLUDE, HEALTH CLUB DUES. JOE BARTMANN, PAULA JENSEN, LORA WADKINS AND KRISTI WAGNER PARTICIPATED IN THIS PROGRAM IN 2022. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE OFFICERS AND SHALL HAVE AND EXERCISE THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE CORPORATION IN INTERVALS BETWEEN SCHEDULED REGULAR MEETINGS OF THE BOARD, SUBJECT TO THE SUBSEQUENT APPROVAL OF ITS ACTIONS BY THE BOARD. IN THE EVENT THE BOARD HAS SPECIFICALLY AUTHORIZED THE COMMITTEE TO ACT WITH RESPECT TO A SPECIFIC MATTER, NO SUCH SUBSEQUENT APPROVAL SHALL BE REQUIRED. THE COMMITTEE'S AUTHORITY SHALL BE LIMITED WITH RESPECT TO CERTAIN MATTERS AS SET FORTH WITHIN THE SPECIAL FUNCTIONS OF THE EXECUTIVE COMMITTEE POLICY. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWS AND APPROVES A DRAFT OF THE FORM 990. A FINAL VERSION OF THE MANAGEMENT APPROVED DRAFT IS MADE AVAILABLE TO BOARD MEMBERS THROUGH THE ORGANIZATION'S WEBSITE AND VIA E-MAIL. BOARD MEMBERS ARE ENCOURAGED TO REVIEW THE 990 PRIOR TO FILING THE RETURN WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EVERY DIRECTOR AND STAFF OF DAKOTA RESOURCES IS EXPECTED TO AVOID SITUATIONS THAT MIGHT BE CONSTRUED AS A CONFLICT OF INTEREST. ALL BOARD AND COMMITTEE MEETINGS BEGIN WITH THE CHAIR ASKING ALL MEMBERS TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST BASED ON THE AGENDA FOR THE MEETING. IF THERE ARE CONFLICTS, THE CONFLICT IS RECORDED IN THE MINUTES AND THAT BOARD MEMBER ABSTAINS FROM ANY ACTION AROUND THAT ITEM. THIS TOO IS RECORDED IN THE MINUTES OF THE MEETING. ADDITIONALLY, ALL BOARD MEMBERS SIGN AN ACKNOWLEDGEMENT FORM THAT THEY HAVE READ AND UNDERSTAND THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE CONDUCTS AN ANNUAL REVIEW WITH THE PRESIDENT TO CREATE A RECOMMENDATION. THEIR RECOMMENDATION BASED ON THE PERFORMANCE REVIEW IS GIVEN TO THE BOARD OF DIRECTORS. COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS. THIS PROCESS IS COMPLETED ANNUALLY IN THEIR FOURTH QUARTER MEETING. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. DAKOTAS AMERICA LLC 25795 475TH AVE RENNER SD 57055 202744964 PLACE NEW MARKET TAX CREDIT ALLOCATIONS IN QUALIFYING SUSTAINABLE PROJECTS. SD DAKOTA RESOURCES RELATED 717726 926729 1 1 0.51000 DAKOTAS XIV LLC 25795 475TH AVE RENNER SD 57055 462658798 LENDING/LOANS SD N/A 0 1 DAKOTAS XV LLC 25795 475TH AVE RENNER SD 57055 462667146 LENDING/LOANS SD N/A 0 1 DAKOTAS XVI LLC 25795 475TH AVE RENNER SD 57055 462679701 LENDING/LOANS SD N/A 0 1 DAKOTAS XVII LLC 25795 475TH AVE RENNER SD 57055 462689336 LENDING/LOANS SD N/A 0 1 DAKOTAS XVIII LLC 25795 475TH AVE RENNER SD 57055 462705271 LENDING/LOANS SD N/A 0 1 DAKOTAS XIX LLC 25795 475TH AVE RENNER SD 57055 462711073 LENDING/LOANS SD N/A 0 1 DAKOTAS XXLLC 25795 475TH AVE RENNER SD 57055 474371018 LENDING/LOANS SD N/A 0 1 DAKOTAS XXI LLC 25795 475TH AVE RENNER SD 57055 474377486 LENDING/LOANS SD N/A 0 1 DAKOTAS XXII LLC 25795 475TH AVE RENNER SD 57055 474386416 LENDING/LOANS SD N/A 0 1 DAKOTAS XXIII LLC 25795 475TH AVE RENNER SD 57055 474388990 LENDING/LOANS SD N/A 0 1 DAKOTAS XXIV LLC 25795 475TH AVE RENNER SD 57055 474412181 LENDING/LOANS SD N/A 0 1 DAKOTAS XXV LLC 25795 475TH AVE RENNER SD 57055 474424161 LENDING/LOANS SD N/A 0 1 DAKOTAS XXVI LLC 25795 475TH AVE RENNER SD 57055 474439533 LENDING/LOANS SD N/A 0 1 DAKOTAS XXVII LLC 25795 475TH AVE RENNER SD 57055 474455347 LENDING/LOANS SD N/A 0 1 DAKOTAS XXVIII LLC 25795 475TH AVE RENNER SD 57055 474466227 LENDING/LOANS SD N/A 0 1 DAKOTAS XXIX LLC 25795 475TH AVE RENNER SD 57055 474476469 LENDING/LOANS SD N/A 0 1 DAKOTAS XXX LLC 25795 475TH AVE RENNER SD 57055 833370245 LENDING/LOANS SD N/A 0 1 DAKOTAS XXXI LLC 25795 475TH AVE RENNER SD 57055 833394515 LENDING/LOANS SD N/A 0 1 DAKOTAS XXXII LLC 25795 475TH AVE RENNER SD 57055 833418171 LENDING/LOANS SD N/A 0 1 DAKOTAS XXXIII LLC 25795 475TH AVE RENNER SD 57055 833429690 LENDING/LOANS SD N/A 0 1 DAKOTAS XXXIV LLC 25795 475TH AVE RENNER SD 57055 833455489 LENDING/LOANS SD N/A 0 1 DAKOTAS XXXV LLC 25795 475TH AVE RENNER SD 57055 833481030 LENDING/LOANS SD N/A 0 1 DAKOTAS XXXVI LLC 25795 475TH AVE RENNER SD 57055 833491632 LENDING/LOANS SD N/A 0 1 DAKOTAS XXXVII LLC 25795 475TH AVE RENNER SD 57055 833508980 LENDING/LOANS SD N/A 0 1 DAKOTAS XXXVIII LLC 25795 475TH AVE RENNER SD 57055 833532208 LENDING/LOANS SD N/A 0 1 DAKOTAS XXXIX LLC 25795 475TH AVE RENNER SD 57055 833557977 LENDING/LOANS SD N/A 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 1 0 0 DAKOTAS AMERICA LLC F 413032 CASH DAKOTAS AMERICA LLC L 289826 CASH