Dakota Resources

Nonprofit profile at a glance

EIN
460442430
IRS 990 coverage
2012–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Renner, South Dakota, United States
Phone
(605) 978-2804
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Religion Related N.E.C.
Affiliation
Religious (unspecified)

Official website

Reported finances

Revenue
$4,945,753
Expenses
$3,030,446
Assets
$41,469,725
Liabilities
$24,572,819

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

19 people listed

Executive titles in this filing

  • JOE BARTMANN (PRESIDENT)

Highest reported compensation

  • JOE BARTMANN (PRESIDENT): $203,756 total reported compensation
  • KRISTI WAGNER - DIRECTOR OF (ORGANIZATION RELATIONSHIPS & COMMUNITY COACH): $161,882 total reported compensation
  • LORA WADKINS (DIRECTOR OF COMPLIANCE, CONTROLLER): $126,926 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Connect capital and capacity to empower rural communities. Hi. We’re Dakota Resources. We believe rural communities can thrive. Rural communities thrive when local economic development organizations (EDOs) are strong. The EDOs we work with tell us the same thing again and again: they need **deeper connections, more flexible capital, and stronger leadership**. To accomplish our mission, we partner with mission-focused funders and community-minded for-profit businesses to help expand their reach to rural places. Our work has focused on connecting those partners with the rural places they want to see thrive.

What it reported doing in 2024

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.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and some related-organization disclosures are missing.

Rating breakdown

  • Financial Efficiency: 63
  • Transparency & Controls: 71
  • Accountability: 95
  • Sustainability: 73
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 46.9%; rating input score 47
  • Program expense ratio: 79.6%; rating input score 80
  • Fundraising efficiency: $208.43 raised per $1 spent on fundraising; rating input score 92; 92nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 13th percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Scored; rating input score 0

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 38.7%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 13.68; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: 0.59; rating input score 17; 17th percentile among comparable filings
  • Officer compensation ratio: 16.3%; rating input score 17; 17th percentile among comparable filings

Growth

  • Program expense growth: 4.4% per year; rating input score 100; 36th percentile among comparable filings
  • Revenue growth: 7% per year; rating input score 100; 54th percentile among comparable filings
  • Asset growth: 9.5% per year; rating input score 100; 57th percentile among comparable filings

Details

  • What they do: 3 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 46.9% of revenue deployed · 79.6% of spending went to programs
  • Governance: 16 of 16 board members independent · 8 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $2.4M in reported program spending
  • Leadership: top reported pay $204K · 19 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $360K reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 6 filed schedules · includes major donors, executive pay, and related organizations
  • Filing history: 12 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 33 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 47/100.
  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Liabilities to assets ratio scored 17/100.
  • High — Sustainability: Officer compensation ratio scored 17/100.