Liabilities / Assets
67th percentile
Higher debt load relative to assets than 67% of similar nonprofits.
EIN 20-1390956 • 501(c)4 • Fargo, ND
Profile
The lake agassiz certified development company (lacdc) is a non-profit corporation whose mission is to assist in maintaining and enhancing the economic viability of communities throughout north dakota. In this capacity, lacdc provides financial resources and technical assistance, through federal, state, and local partnerships, to the state's small business enterprises.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
67th percentile
Higher debt load relative to assets than 67% of similar nonprofits.
Liabilities / Revenue
68th percentile
Higher debt load relative to revenue than 68% of similar nonprofits.
Net Margin
60th percentile
Higher net margin than 60% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
61st percentile
Faster asset growth than 61% of similar nonprofits.
Revenue Growth
47th percentile
Faster revenue growth than 47% of similar nonprofits.
Assets
Up$451,280
Up $27,635 (+6.5%) from 2023
Liabilities
Down$6,292
Down $3,378 (-35%) from 2023
Net Assets
Up$444,988
Up $31,013 (+7.5%) from 2023
Revenue
Up$431,083
Up $2,943 (+0.7%) from 2023
Expenses
Down$400,070
Down $20,209 (-4.8%) from 2023
Net Income
Up$31,013
Up $23,152 (+295%) from 2023
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
The lake agassiz certified development company (lacdc) is a non-profit corporation whose mission is to assist in maintaining and enhancing the economic viability of communities throughout north dakota. In this capacity, lacdc provides financial resources and technical assistance, through federal, state, and local partnerships, to the state's small business enterprises.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $381,814 | $427,558 | ▲ $45,744 |
| Accounts Receivable | $29,506 | $23,722 | ▼ $5,784 |
| Prepaid Expenses and Deferred Charges | $2,475 | - | - |
| Total Assets | $423,645 | $451,280 | ▲ $27,635 |
| Other Assets Total | $9,850 | $0 | ▼ $9,850 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $8,375 | $3,481 | ▼ $4,894 |
| Other Liabilities | $1,295 | $2,811 | ▲ $1,516 |
| Total Liabilities | $9,670 | $6,292 | ▼ $3,378 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $413,975 | $444,988 | ▲ $31,013 |
| Total Net Assets Fund Balance | $413,975 | $444,988 | ▲ $31,013 |
| Total Liabilities and Net Assets / Fund Balance | $423,645 | $451,280 | ▲ $27,635 |
| Name | Title | Base | Total |
|---|---|---|---|
| Kelsey Smith | Director | $575 | $575 |
| Scott Schultz | Director | $575 | $575 |
| Jake Klobuchar | Vice President | $550 | $550 |
| Justin Neppl | Treasurer | $550 | $550 |
| Rick Steckler | Director | $550 | $550 |
| Leroy Adams Ended 1224 | Treasurer | $525 | $525 |
| Mike Bannach | President | $500 | $500 |
| Dan Delahoyde | Secretary | $450 | $450 |
| Landon Poss Started 1224 | Director | $225 | $225 |
| Michael Gust | Director | $200 | $200 |
| Name | Title |
|---|---|
| Troy Ott Started 1224 | Director |
| Amber Metz | Executive Director |
| Don Litch | Chief Financial Officer |
| Line Item | Amount |
|---|---|
| Other Expenses | $395,195 |
| Salaries, Compensation, and Employee Benefits | $4,875 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Office Expenses | - | $24,499 | - | $24,499 |
| Fees for Services Accounting | - | $13,060 | - | $13,060 |
| Insurance | - | $12,640 | - | $12,640 |
| Travel | $9,492 | - | - | $9,492 |
| Advertising | $8,563 | - | - | $8,563 |
| Current Officers, Directors, Trustees, and Key Employees | - | $4,875 | - | $4,875 |
| Other Expenses | $131 | $6,415 | - | $131 |
| Total Functional Expenses | $275,629 | $124,441 | $0 | $400,070 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $400,070 |
| Total Expenses per Audited Statements | $400,070 |
| Total Expenses per Form 990 | $400,070 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Due to Lake Agassiz Regional Development Corporation | $2,811 |
“990 is reviewed and approved alongside the audited financial statements.”
“Board members are required to disclose any conflicts of interest and this has been enforced by the executive director. They each sign a conlifct of interest policy.”
“AVAILABLE UPON REQUEST.”
“It is the opinion of management that lacdc has no significant uncertain tax positions that would be subject to change upon examination. The income tax returns of lacdc are subject to examination by the irs and state tax authorities, generally for three years after they were filed. All required tax filings are current.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 8375 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 3481 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 29506 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 23722 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | THE LAKE AGASSIZ CERTIFIED DEVELOPMENT COMPANY (LACDC) IS A NON-PROFIT CORPORATION WHOSE MISSION IS TO ASSIST IN MAINTAINING AND ENHANCING THE ECONOMIC VIABILITY OF COMMUNITIES THROUGHOUT NORTH DAKOTA. IN THIS CAPACITY, LACDC PROVIDES FINANCIAL RESOURCES AND TECHNICAL ASSISTANCE, THROUGH FEDERAL, STATE, AND LOCAL PARTNERSHIPS, TO THE STATE'S SMALL BUSINESS ENTERPRISES. |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 8563 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 8563 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | MANAGEMENT |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 7012351197 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 417 MAIN AVENUE |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | FARGO |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | ND |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 58103 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 4875 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 4875 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
| IRS990/CYOtherExpensesAmt | 0 | 395195 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 431083 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 31013 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 4875 |
| IRS990/CYTotalExpensesAmt | 0 | 400070 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 431083 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/Desc | 0 | THE LAKE AGASSIZ CERTIFIED DEVELOPMENT COMPANY (LACDC) IS A NON-PROFIT CORPORATION WHOSE MISSION IS TO ASSIST IN MAINTAINING AND ENHANCING THE ECONOMIC VIABILITY OF COMMUNITIES THROUGHOUT NORTH DAKOTA. IN THIS CAPACITY, LACDC PROVIDES FINANCIAL RESOURCES AND TECHNICAL ASSISTANCE, THROUGH FEDERAL, STATE, AND LOCAL PARTNERSHIPS, TO THE STATE'S SMALL BUSINESS ENTERPRISES. DURING 2024 THERE WERE 4 NEW LOANS FUNDED AND 88 TOTAL LOANS OUTSTANDING. |
| IRS990/DescribedInSection501c3Ind | 0 | 0 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 275629 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 13060 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 13060 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 2.60 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 3.60 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | MIKE BANNACH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | DAN DELAHOYDE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | LEROY ADAMS ENDED 1224 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | MICHAEL GUST |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | SCOTT SCHULTZ |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | JUSTIN NEPPL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | RICK STECKLER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | KELSEY SMITH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | JAKE KLOBUCHAR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | LANDON POSS STARTED 1224 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | TROY OTT STARTED 1224 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | DON LITCH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | AMBER METZ |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 500 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 450 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 525 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 200 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 575 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 550 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 550 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 575 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 550 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 225 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | VICE PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | CHIEF FINANCIAL OFFICER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | EXECUTIVE DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2004 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 10 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 431083 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 10 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 12640 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 12640 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 1 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | ND |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | THE LAKE AGASSIZ CERTIFIED DEVELOPMENT COMPANY (LACDC) IS A NON-PROFIT CORPORATION WHOSE MISSION IS TO ASSIST IN MAINTAINING AND ENHANCING THE ECONOMIC VIABILITY OF COMMUNITIES THROUGHOUT NORTH DAKOTA. IN THIS CAPACITY, LACDC PROVIDES FINANCIAL RESOURCES AND TECHNICAL ASSISTANCE, THROUGH FEDERAL, STATE, AND LOCAL PARTNERSHIPS, TO THE STATE'S SMALL BUSINESS ENTERPRISES. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 413975 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 444988 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 413975 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 444988 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 24499 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 24499 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 9850 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 0 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | CONTRACTUAL EXPENSES |
| IRS990/OtherExpensesGrp/Desc | 1 | CLOSING EXPENSES |
| IRS990/OtherExpensesGrp/Desc | 2 | DUES AND MEMBERSHIPS |
| IRS990/OtherExpensesGrp/Desc | 3 | MISCELLANEOUS EXPENSES |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 62952 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 6415 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 237316 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 20127 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 131 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 300268 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 20127 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 6415 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 131 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 1295 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 2811 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 2475 |
| IRS990/PrincipalOfficerNm | 0 | DONALD LITCH |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 541610 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 518210 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | SERVICING FEE INCOME |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | PROCESSING INCOME |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 301088 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 129995 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 301088 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 129995 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 13850 |
| IRS990/PYInvestmentIncomeAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 402679 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 428140 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 7861 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 3750 |
| IRS990/PYTotalExpensesAmt | 0 | 420279 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 428140 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 31013 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 431083 |
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| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | DUE TO LAKE AGASSIZ REGIONAL DEVELOPMENT CORPORATION |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | IT IS THE OPINION OF MANAGEMENT THAT LACDC HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. THE INCOME TAX RETURNS OF LACDC ARE SUBJECT TO EXAMINATION BY THE IRS AND STATE TAX AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. ALL REQUIRED TAX FILINGS ARE CURRENT. |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 990 IS REVIEWED AND APPROVED ALONGSIDE THE AUDITED FINANCIAL STATEMENTS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST AND THIS HAS BEEN ENFORCED BY THE EXECUTIVE DIRECTOR. THEY EACH SIGN A CONLIFCT OF INTEREST POLICY. |
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| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION C, LINE 19 |
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| ReturnHeader/TaxYr | 0 | 2024 |
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