Lakota Fund
- Assets
- $17.0m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 8
- Location
- Kyle, SD
- Founding
- 12/1992
- Data as of
- 12/2021
- 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 12/2021, Lakota Fund employed 8 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 12/2021, Lakota Fund generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 1.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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 | $103,370 |
Warren Cross Secretary/tr | OfficerTrustee | 1 | $300 |
Carol Ferguson Member | Trustee | 1 | $300 |
Dona Leavens Member | Trustee | 1 | $300 |
Angie Eagle Bull Vice Chair | OfficerTrustee | 1 | $200 |
Kevin Yellowbird Steele Member | Trustee | 1 | $200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,077,592 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,400,534 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,478,126 |
| Total Program Service Revenue | $500,721 |
| Investment income | $9,865 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $67,215 |
| 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 | $4,059,450 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $49,600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $120,642 |
| Compensation of current officers, directors, key employees. | $24,288 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $260,063 |
| Pension plan accruals and contributions | $7,796 |
| Other employee benefits | $37,993 |
| Payroll taxes | $30,439 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,943 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $90,343 |
| Advertising and promotion | $200 |
| Office expenses | $62,266 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,781 |
| Travel | $18,527 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,388 |
| Interest | $51,717 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,845 |
| Insurance | $27,681 |
| All other expenses | $30,303 |
| Total functional expenses | $1,190,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,880,513 |
| Savings and temporary cash investments | $248,083 |
| Pledges and grants receivable | $15,116 |
| Accounts receivable, net | $18,634 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,157,247 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,324 |
| Net Land, buildings, and equipment | $651,708 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,000 |
| Total assets | $17,004,625 |
| Accounts payable and accrued expenses | $1,845 |
| Grants payable | $0 |
| Deferred revenue | $2,161,441 |
| 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 | $267,704 |
| Unsecured mortgages and notes payable | $3,333,278 |
| Other liabilities | $38,259 |
| Total liabilities | $5,802,527 |
| Net assets without donor restrictions | $10,033,322 |
| Net assets with donor restrictions | $1,168,776 |
| 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 | $17,004,625 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Lakota Fund has recieved totaling $978,254.
| Awarding Organization | Amount |
|---|---|
Citi Foundation New York, NY PURPOSE: SMALL BUSINESS TECHNICAL ASSISTANCE INITIATIVE | $500,000 |
Bush Foundation St Paul, MN PURPOSE: TO DEVELOP AN ONLINE MAPPING RESOURCE THAT SPANS AND CONNECTS LAKOTA HISTORY, CULTURE AND PLACE THROUGH A COMMUNITY-LED PROCESS | $209,000 |
Bush Foundation St Paul, MN PURPOSE: SUPPORT FOR WORK RELATED TO A PROGRAM-RELATED INVESTMENT INTENDED TO SUPPORT NATIVE-LED BUSINESSES AND NATIVE PEOPLE IN MINNESOTA, NORTH DAKOTA, SOUTH DAKOTA AND THE 23 NATIVE NATIONS THAT SHARE THE SAME GEOGRAPHY | $100,000 |
Enterprise Community Partners Inc Columbia, MD PURPOSE: CAPACITY BUILDING | $85,204 |
The Vervane Foundation Inc Cos Cob, CT PURPOSE: CHARITABLE DONATION | $50,000 |
Oklahoma Native Assets Coalition Inc Oklahoma City, OK PURPOSE: VITA PROGRAM | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Consortium Of Community Developers Minneapolis, MN | $14,565,346 | $14,747,823 |
Women Venture St Paul, MN | $7,708,341 | $8,474,014 |
Urban Ventures Leadership Foundation Minneapolis, MN | $23,559,763 | $6,521,879 |
Great Fls Development Authority Inc Great Falls, MT | $19,433,536 | $5,045,202 |
Bioconnect Iowa Des Moines, IA | $1,127,931 | $1,803,790 |
Lakota Fund Kyle, SD | $17,004,625 | $4,059,450 |
Custer County Foundation Inc Broken Bow, NE | $7,035,087 | $2,062,629 |
Central Minnesota Development Company Andover, MN | $3,109,444 | $999,166 |
Montana Business Assistance Connection Inc Helena, MT | $11,964,243 | $1,416,863 |
Northeast South Dakota Economic Corporation Sisseton, SD | $28,795,164 | $2,763,514 |
Wyoming Womens Business Center Laramie, WY | $937,422 | $712,073 |
Beta Group Minneapolis, MN | $157,595 | $502,721 |