Lakota Fund
- Assets
- $17.7m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 10
- Location
- Kyle, SD
- Founding
- 12/1992
- Data as of
- 12/2022
- EIN
- 46-0421416
Organization Overview
Lakota Fund is located in Kyle, SD. The organization was established in 1992. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Lakota Fund employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakota Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Lakota Fund generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 6.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE LAKOTA FUNDS MISSION IS TO PROMOTE ECONOMIC SUSTAINABILITY ON THE PINE RIDGE RESERVATION AND GEOGRAPHIC SERVICE AREA THROUGH BUSINESS LOANS, TECHNICAL ASSISTANCE AND WEALTH BUILDING EDUCATION FOR FAMILIES/BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LAKOTA FUNDS PROMOTES ECONOMIC SUSTAINABILITY ON THE PINE RIDGE RESERVATION AND GEOGRAPHIC SERVICE AREA THROUGH BUSINESS LOANS, TECHNICAL ASSISTANCE AND WEALTH BUILDING EDUCATION FOR FAMILIES AND BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tawney Brunsch Executive Di | Officer | 40 | $111,849 |
Warren Cross Secretary/tr | OfficerTrustee | 1 | $2,300 |
Carol Ferguson Member | Trustee | 1 | $1,950 |
Elsie Meeks Chairman | OfficerTrustee | 1 | $1,950 |
Dona Leavens Member | Trustee | 1 | $1,850 |
Kevin Yellowbird Steele Member | Trustee | 1 | $1,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $666,578 |
| All other contributions, gifts, grants, and similar amounts not included above | $547,026 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,213,604 |
| Total Program Service Revenue | $525,844 |
| Investment income | $9,134 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $51,565 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,806,150 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $47,909 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $140,470 |
| Compensation of current officers, directors, key employees. | $29,324 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $393,157 |
| Pension plan accruals and contributions | $11,164 |
| Other employee benefits | $57,880 |
| Payroll taxes | $40,298 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,705 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $314,106 |
| Advertising and promotion | $400 |
| Office expenses | $58,441 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,424 |
| Travel | $73,299 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48,431 |
| Interest | $56,675 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $83,192 |
| Insurance | $29,785 |
| All other expenses | $55,804 |
| Total functional expenses | $1,824,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,539,368 |
| Savings and temporary cash investments | $248,083 |
| Pledges and grants receivable | $235,351 |
| Accounts receivable, net | $14,227 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,050,995 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,407 |
| Net Land, buildings, and equipment | $568,516 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,000 |
| Total assets | $17,693,947 |
| Accounts payable and accrued expenses | $13,992 |
| Grants payable | $0 |
| Deferred revenue | $3,011,791 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $220,671 |
| Unsecured mortgages and notes payable | $3,208,902 |
| Other liabilities | $55,044 |
| Total liabilities | $6,510,400 |
| Net assets without donor restrictions | $10,400,821 |
| Net assets with donor restrictions | $782,726 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $17,693,947 |