Dakota Resources

Organization Overview

Dakota Resources is located in Renner, SD. The organization was established in 1996. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2021, Dakota Resources employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dakota Resources 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 12/2021, Dakota Resources generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 5.8% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

CONNECTING CAPACITY AND CAPITAL TO EMPOWER RURAL COMMUNITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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. THE CIF WAS 84% DEPLOYED AT THE END OF 2021. 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 TOSECOND-STAGE SMALL BUSINESS OWNERS ACROSS THE STATE OF SOUTH DAKOTA.


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 HELPRURAL 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 RUAL SHAPERS TO EXPLORE IDEAS AND DISCUSS TOPICS RELEVANT TO THEIR COMMUNITIES.


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. 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 FIVE ALLOCATIONS OF AUTHORITY TO ISSUE $400,000,000 OF QUALIFIED EQUITY INVESTMENTS (QEI).


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Rural Weaver Llc
Community Coaching Services
$206,004
Kristi Wagner
Community Coaching Services
$130,864
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,498,078
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,498,078
Total Program Service Revenue$1,656,108
Investment income $23,533
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,783
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,179,502

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Dakota Resources has recieved totaling $593,500.

Awarding OrganizationAmount
Northwest Area Foundation

St Paul, MN

PURPOSE: UPLIFT AMERICA FUND

$292,000
Bush Foundation

St Paul, MN

PURPOSE: THIS GRANT WILL FUND START-UP ACTIVITIES OF THE NEWLY ORGANIZED SOUTH DAKOTA NONPROFIT NETWORK, A SPONSORED ORGANIZATION OF DAKOTA RESOURCES. THE WORK WILL STRENGTHEN THE ABILITY OF NONPROFITS ACROSS SOUTH DAKOTA TO CONNECT AND SHARE RESOURCES AND KNOWLEDGE ACROSS THE SECTOR IN A STATE THAT HAS BEEN WITHOUT A FORMAL ORGANIZATION FOR ALMOST 10 YEARS.

$100,000
Bush Foundation

St Paul, MN

PURPOSE: THIS ECOSYSTEM GRANT PROVIDES GENERAL OPERATING SUPPORT FOR DAKOTA RESOURCES TO HELP ADVANCE ITS CHARITABLE MISSION

$100,000
Opportunity Finance Network

Philadelphia, PA

PURPOSE: CF RELENDING

$75,000
Bush Foundation

St Paul, MN

PURPOSE: SPONSORSHIP OF RURALX

$15,000
First Interstate Bancsystem Foundation Inc

Billings, MT

PURPOSE: GENERAL OPERATING SUPPORT

$11,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$15,047
Earnings-$895
Ending Balance$14,152

Peer Organizations

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