Overview
What is Lake Agassiz Certified Development Company?
Lake Agassiz Certified Development Company (LACDC) is a nonprofit organization located in Fargo, North Dakota, with a mission to support the economic growth of communities across the state. They achieve this by offering financial resources and technical assistance, in collaboration with federal, state, and local partnerships, to North Dakota's small business enterprises. In 2022, LACDC funded 20 new loans, and as of the provided information, they had 82 loans outstanding.
Official website here: www.lakeagassizcdc.com
Is Lake Agassiz Certified Development Company legitimate?
Lake Agassiz Certified Development Company is a legitimate nonprofit organization registered as a 501(c)(4) entity. Lake Agassiz Certified Development Company submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $3,850
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lakeagassizcdc.com
What is the mission statement of Lake Agassiz Certified Development Company?
The Lake Agassiz Certified Development Company, being a non-profit organization, is committed to assisting in maintaining and enhancing the economic viability of communities throughout North Dakota. They accomplish this by providing financial resources and technical assistance to the state's small business enterprises. This is done through collaborations with various federal, state, and local partnerships. The company's mission aims to support the growth and success of small businesses, ultimately contributing to the overall economic well-being of the communities.
Official website here: www.lakeagassizcdc.com
Who is the CEO of Lake Agassiz Certified Development Company?
Donald Litch is the Director of Lake Agassiz Certified Development Company.
Official website here: www.lakeagassizcdc.com
What is the revenue of Lake Agassiz Certified Development Company?
Lake Agassiz Certified Development Company's revenue in 2022 was $443,042.
Official website here: www.lakeagassizcdc.com
Who are the executives of Lake Agassiz Certified Development Company and what are their salaries?
Here are 11 key members and their salaries:
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- Compensation: $500
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- Compensation: $625
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- Compensation: $450
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- Compensation: $350
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- Compensation: $625
- Related: $0
- Other: $0
- Compensation: $350
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- Compensation: $500
- Related: $0
- Other: $0
- Compensation: $450
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- Other: $0
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- Compensation: $0
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- Other: $0
Official website here: www.lakeagassizcdc.com
Where can I find the form 990 for Lake Agassiz Certified Development Company?
Lake Agassiz Certified Development Company's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lakeagassizcdc.com
Learn more at the official website: www.lakeagassizcdc.com
Mission Statement of Lake Agassiz Certified Development Company
Lake Agassiz Certified Development Company, a non-profit organization, is committed to maintaining and enhancing the economic vitality of communities throughout North Dakota. To achieve this mission, the company provides financial resources and technical assistance to small business enterprises in the state, through partnerships with federal, state, and local entities. By offering these support services, Lake Agassiz Certified Development Company aims to contribute to the overall economic growth and stability of North Dakota's communities.
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Impact
October, 2024
Lake Agassiz Certified Development Company (LACDC) plays a crucial role in fostering economic growth and sustainability across North Dakota. By providing vital financial resources and technical assistance, LACDC empowers small business enterprises, which are essential to maintaining the economic health of local communities.
In 2022, LACDC funded 20 new loans, contributing to a total of 82 outstanding loans. This financial support helps entrepreneurs access the capital they need to launch or expand their businesses, thereby creating jobs and stimulating local economies. Collaborating with federal, state, and local partners, LACDC enhances its impact, ensuring that communities have the tools and resources necessary to thrive in a dynamic economic landscape. Overall, LACDC serves as a pivotal resource, promoting economic viability and fostering a robust business environment throughout the state.
This information is meant to be a general summary of Lake Agassiz Certified Development Company. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $443,042
- Gross Receipts: $443,042
Assets and Liabilities:
- Total Assets: $422,824
- Total Liabilities: $16,710
- Net Assets: $406,114
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICING FEE INCOME
Revenue
$247,192
PROCESSING INCOME
Revenue
$195,850
Organization Details
Founding Year
2004
Phone
(701) 235-1197Principal Officer
Donald Litch
Main Address
417 MAIN AVENUE, FARGO, ND, 58103
Website
www.lakeagassizcdc.comIf you are a representative of Lake Agassiz Certified Development Company and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.