2025-04-11T14:28:15-05:00 2024-12-31 943108253 NOVOGRADAC & COMPANY LLP 8000 MARYLAND AVE SUITE 550 CLAYTON MO 63105 990 2024-01-01 831825710 DBL EQUITY PARTNERS DBLE 7012938892 5630 36TH AVE S FARGO ND 58104 STEVE DUSEK PRESIDENT & CEO 7012938892 2025-04-10 1 0 KEVIN WILSON P01313212 3146213471 2024 2025-03-06 01:10:19Z STEVE DUSEK 5630 36TH AVE S FARGO ND 58104 304896 0 X DAKOTABUSINESSLENDING.COM X 2018 ND TO SERVE AND PROVIDE PRODUCTS, SERVICES, LOANS AND/OR INVESTMENT CAPITAL FOR QUALIFIED LOW INCOME PERSONS OR LOW INCOME COMMUNITIES AND TO FURTHER THE AFFORDABLE HOUSING, NEIGHBORHOOD AND COMMUNITY REVITILAZATION AND ECONOMIC DEVELOPMENT EFFORTS. 5 5 0 0 0 0 0 0 1934326 180000 21496 19884 105013 105012 2060835 304896 0 0 0 0 0 0 0 0 0 2060850 304913 2060850 304913 -15 -17 1380868 225099 1380889 225137 -21 -38 TO SERVE AND PROVIDE PRODUCTS, SERVICES, LOANS AND/OR INVESTMENT CAPITAL FOR QUALIFIED LOW INCOME PERSONS OR LOW INCOME COMMUNITIES AND TO FURTHER THE AFFORDABLE HOUSING, NEIGHBORHOOD AND COMMUNITY REVITILAZATION AND ECONOMIC DEVELOPMENT EFFORTS. 0 0 259636 304896 NEW MARKETS TAX CREDITS (NMTC) WORKS TO ENCOURAGE AND JUMPSTART INVESTMENT IN LOW-INCOME CENSUS TRACTS TO CREATE JOBS AND BRING NEW OPPORTUNITIES TO QUALIFYING AREAS IN NORTH DAKOTA. THE GOAL OF THE NMTC AWARD IS TO FILL A FINANCING GAP FOR TRANSFORMATIVE PROJECTS WHICH BRING OPPORTUNITIES TO LOW-INCOME OR DISTRESSED AREAS. 259636 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 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 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X STEVE DUSEK 7012938892 5630 36TH AVE S FARGO ND 58104 COLE KENEY BOARD CHAIR 1.00 1.00 X X 0 0 0 CRAIG HANSON BOARD MEMBER 1.00 X 0 0 0 JOHN PHILLIPS BOARD MEMBER 1.00 1.00 X X 0 1800 0 STEVE BRITSCH BOARD MEMBER 1.00 X 0 0 0 STEVE DUSEK PRESIDENT, CEO, AND SECRET 1.00 40.00 X X 0 260333 48437 0 262133 48437 0 0 1 0 0 OTHER FEES 522299 180000 180000 180000 19884 19884 REIMBURSEMENT INCOME 522299 105000 105000 OTHER INCOME FROM SUB- 522299 12 12 105012 304896 304896 0 0 X 195622 195622 43262 43262 60000 60000 5985 3970 2015 OTHER DEDUCTIONS FROM S 44 44 304913 259636 45277 0 1374625 219000 264 0 0 138 5979 5961 1380868 225099 264 0 17500 27500 1363125 197637 1380889 225137 X -21 -38 -21 -38 1380868 225099 -17 0 X 0 1 X 1 0 X X X 1 DAKOTA BUSINESS LENDING 450443523 10 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 DUE TO DAKOTA BUSINESS LENDING 197637 197637 X PART X, LINE 2: THE ORGANIZATION AND SUBSIDIARY ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND FROM PAYMENT OF STATE INCOME TAXES UNDER SECTION 57-38-09 OF THE NORTH DAKOTA CENTURY CODE. THE ORGANIZATION AND SUBSIDIARY'S POLICY IS TO EVALUATE THE LIKELIHOOD THAT ITS UNCERTAIN TAX POSITIONS WILL PREVAIL UPON EXAMINATION BASED ON THE EXTENT TO WHICH THOSE POSITIONS HAVE SUBSTANTIAL SUPPORT WITHIN THE INTERNAL REVENUE CODE AND REGULATIONS, REVENUE RULINGS, COURT DECISIONS, AND OTHER EVIDENCE. IT IS THE OPINION OF MANAGEMENT THAT THE ORGANIZATION AND SUBSIDIARY HAVE NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. THE FEDERAL AND STATE INCOME TAX RETURNS OF THE ORGANIZATION AND SUBSIDIARY ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY THREE YEARS AFTER THEY WERE FILED, ALL FILLINGS ARE CURRENT. 0 0 0 0 0 0 0 0 0 STEVE DUSEK PRESIDENT, CEO, AND SECRET 0 195833 0 0 0 64500 0 17383 0 31054 0 308770 0 0 PART I, LINE 3: COMPENSATION IS FROM A RELATED ORGANIZATION. THE RELATED ORGANIZATION DETERMINES COMPENSATION BASED ON APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER IS DAKOTA BUSINESS LENDING, THE CONTROLLING ORGANIZATION OF DBL EQUITY PARTNERS. FORM 990, PART VI, SECTION A, LINE 7A THREE-FIFTHS OF THE BOARD MUST BE OFFICERS, TRUSTEES, OR EMPLOYEES OF DAKOTA BUSINESS LENDING. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS DISTRIBUTED TO THE GOVERNING BODY AT A BOARD MEETING TO GIVE THEM THE OPPORTUNITY TO MAKE ANY NECESSARY CHANGES AND APPROVE THE 990. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL FILING OF ORGANIZATIONS AFFILIATED BY EACH OFFICER, DIRECTOR, OR TRUSTEE, AND KEY EMPLOYEE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS FROM A RELATED ORGANIZATION. THE RELATED ORGANIZATION DETERMINES COMPENSATION BY THE BOARD OF DIRECTORS USING THEIR KNOWLEDGE FROM RUNNING THEIR OWN BUSINESSES AS WELL AS EVALUATING THE EXPERIENCE LEVEL OF THE EMPLOYEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 60,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 60,000. DAKOTA BUSINESS LENDING 5630 36TH AVE S FARGO ND 58104 450443523 SMALL BUSINESS FUNDING ND 501(C)(3) LINE 10 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0