Civic Intelligence

Dbl Equity Partners

EIN 83-1825710 • 501(c)3 • Fargo, ND

Profile

To serve and provide products, services, loans and/or investment capital for qualified low income persons or low income communities and to further the affordable housing, neighborhood and community revitilazation and economic development efforts.

5630 36th Ave SFargo, ND 58104

dakotabusinesslending.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

93rd percentile

1.00x

Higher debt load relative to assets than 93% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

83rd percentile

0.63x

Higher debt load relative to revenue than 83% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

39th percentile

-0.0%

Higher net margin than 39% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

5th percentile

-35%

Faster asset growth than 5% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

48th percentile

6.2%

Faster revenue growth than 48% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$225,099

Down $1,155,769 (-84%) from 2023

Liabilities

Down

$225,137

Down $1,155,752 (-84%) from 2023

Net Assets

Down

-$38

Down $17 (-81%) from 2023

Operations
Liabilities / Revenue83rd percentileNet Margin39th percentile

Revenue

Down

$304,896

Down $1,755,939 (-85%) from 2023

Expenses

Down

$304,913

Down $1,755,937 (-85%) from 2023

Net Income

Down

-$17

Down $2 (-13%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth5th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0-$500KAssets 2021: $983,044Liabilities 2021: $983,044Net Assets 2021: $02021Assets 2022: $640,444Liabilities 2022: $640,450Net Assets 2022: -$62022Assets 2023: $1,380,868Liabilities 2023: $1,380,889Net Assets 2023: -$212023Assets 2024: $225,099Liabilities 2024: $225,137Net Assets 2024: -$382024

Highlighted filing

2024

Assets$225,099
Liabilities$225,137
Net Assets-$38
Open 2024 Filing

Operations Trend

Revenue Growth48th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2021: $953,194Expenses 2021: $905,185Net Income 2021: $48,0092021Revenue 2022: $1,012,179Expenses 2022: $1,012,185Net Income 2022: -$62022Revenue 2023: $2,060,835Expenses 2023: $2,060,850Net Income 2023: -$152023Revenue 2024: $304,896Expenses 2024: $304,913Net Income 2024: -$172024

Highlighted filing

2024

Revenue$304,896
Expenses$304,913
Net Income-$17
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$225,099
Liabilities
$225,137
Net assets
-$38
Revenue
$304,896
Expenses
$304,913
Net income
-$17
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.23$0.23$0.00$0.30$0.30$0.00
2023Detailed filing. Detailed filing data is available for this year.$1.38$1.38$0.00$2.06$2.06$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.64$0.64$0.00$1.01$1.01$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.98$0.98$0.00$0.95$0.91$0.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 10, 2025
Return Version
2024v5.1
Gross Receipts
$304,896
Mission and Program Overview

Mission

To serve and provide products, services, loans and/or investment capital for qualified low income persons or low income communities and to further the affordable housing, neighborhood and community revitalization, and economic development efforts.

To serve and provide products, services, loans and/or investment capital for qualified low income persons or low income communities and to further the affordable housing, neighborhood and community revitilazation and economic development efforts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,374,625$219,000▼ $1,155,625
Investments Other Securities$5,979$5,961▼ $18
Accounts Receivable$264$0▼ $264
Prepaid Expenses and Deferred Charges$0$138▲ $138
Total Assets$1,380,868$225,099▼ $1,155,769
Liabilities
Other Liabilities$1,363,125$197,637▼ $1,165,488
Deferred Revenue$17,500$27,500▲ $10,000
Accounts Payable and Accrued Expenses$264$0▼ $264
Total Liabilities$1,380,889$225,137▼ $1,155,752
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-21$-38▼ $17
Total Net Assets Fund Balance$-21$-38▼ $17
Total Liabilities and Net Assets / Fund Balance$1,380,868$225,099▼ $1,155,769
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleOtherTotal
John PhillipsBoard Member$1,800$1,800

Board Members and Trustees

NameTitle
Cole KeneyBoard Chair
Steve DusekPresident, CEO, and Secret
Craig HansonBoard Member
Steve BritschBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$180,000
Investment Income
$19,884
Other Revenue
$105,012
Change in Net Assets
$-17
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$304,913
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$195,622--$195,622
Fees for Services Other$60,000--$60,000
Fees for Services Accounting-$43,262-$43,262
Office Expenses$3,970$2,015-$5,985
Other Expenses$44--$44
Total Functional Expenses$259,636$45,277$0$304,913
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Dakota Business Lending$197,637
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The sole member is dakota business lending, the controlling organization of dbl equity partners.”

Form 990, Part VI, Section A, Line 7A

“Three-fifths of the board must be officers, trustees, or employees of dakota business lending.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is distributed to the governing body at a board meeting to give them the opportunity to make any necessary changes and approve the 990.”

Form 990, Part VI, Section B, Line 12C

“Annual filing of organizations affiliated by each officer, director, or trustee, and key employee.”

Form 990, Part VI, Section B, Line 15

“Compensation is from a related organization. The related organization determines compensation by the board of directors using their knowledge from running their own businesses as well as evaluating the experience level of the employee.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Dbl Equity Partners
EIN
83-1825710
Phone
7012938892
Address
5630 36TH AVE S, FARGO, ND 58104

Signing Officer

Name
Steve Dusek
Title
President & CEO
Phone
7012938892
Signed
2025-04-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Dusek
Formed
2018
Legal Domicile
Nd
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Novogradac & Company Llp
Address
8000 MARYLAND AVE SUITE 550, CLAYTON, MO 63105
Preparer
Kevin Wilson
Phone
3146213471
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consulting fees: program service expenses 60,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 60,000.”

Financial Statement Notes

PART X, LINE 2:

“The organization and subsidiary are exempt from federal income taxes under section 501(c)(3) of the internal revenue code, and from payment of state income taxes under section 57-38-09 of the north dakota century code. The organization and subsidiary's policy is to evaluate the likelihood that its uncertain tax positions will prevail upon examination based on the extent to which those positions have substantial support within the internal revenue code and regulations, revenue rulings, court decisions, and other evidence. It is the opinion of management that the organization and subsidiary have no significant uncertain tax positions that would be subject to change upon examination. The federal and state income tax returns of the organization and subsidiary are subject to examination by the irs, generally three years after they were filed, all fillings are current.”

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IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0195833
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt017383
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt031054
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt064500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0STEVE DUSEK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT, CEO, AND SECRET
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0308770
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0COMPENSATION IS FROM A RELATED ORGANIZATION. THE RELATED ORGANIZATION DETERMINES COMPENSATION BASED ON APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3:
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SOLE MEMBER IS DAKOTA BUSINESS LENDING, THE CONTROLLING ORGANIZATION OF DBL EQUITY PARTNERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THREE-FIFTHS OF THE BOARD MUST BE OFFICERS, TRUSTEES, OR EMPLOYEES OF DAKOTA BUSINESS LENDING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS DISTRIBUTED TO THE GOVERNING BODY AT A BOARD MEETING TO GIVE THEM THE OPPORTUNITY TO MAKE ANY NECESSARY CHANGES AND APPROVE THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUAL FILING OF ORGANIZATIONS AFFILIATED BY EACH OFFICER, DIRECTOR, OR TRUSTEE, AND KEY EMPLOYEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION IS FROM A RELATED ORGANIZATION. THE RELATED ORGANIZATION DETERMINES COMPENSATION BY THE BOARD OF DIRECTORS USING THEIR KNOWLEDGE FROM RUNNING THEIR OWN BUSINESSES AS WELL AS EVALUATING THE EXPERIENCE LEVEL OF THE EMPLOYEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONSULTING FEES: PROGRAM SERVICE EXPENSES 60,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 60,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0DAKOTA BUSINESS LENDING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0450443523
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0ND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SMALL BUSINESS FUNDING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt05630 36TH AVE S
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0FARGO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0ND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd058104
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01380868
IRS990/TotalAssetsEOYAmt0225099
IRS990/TotalAssetsGrp/BOYAmt01380868
IRS990/TotalAssetsGrp/EOYAmt0225099
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt045277
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0259636
IRS990/TotalFunctionalExpensesGrp/TotalAmt0304913
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01380889
IRS990/TotalLiabilitiesEOYAmt0225137
IRS990/TotalLiabilitiesGrp/BOYAmt01380889
IRS990/TotalLiabilitiesGrp/EOYAmt0225137
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-21
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-38
IRS990/TotalOtherCompensationAmt048437
IRS990/TotalProgramServiceExpensesAmt0259636
IRS990/TotalProgramServiceRevenueAmt0180000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0304896
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0304896
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01380868
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0225099
IRS990/TotReportableCompRltdOrgAmt0262133
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05630 36TH AVE S
IRS990/USAddress/CityNm0FARGO
IRS990/USAddress/StateAbbreviationCd0ND
IRS990/USAddress/ZIPCd058104
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0DAKOTABUSINESSLENDING.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVE DUSEK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT & CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum07012938892
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DBL EQUITY PARTNERS
ReturnHeader/Filer/BusinessNameControlTxt0DBLE
ReturnHeader/Filer/EIN0831825710
ReturnHeader/Filer/PhoneNum07012938892
ReturnHeader/Filer/USAddress/AddressLine1Txt05630 36TH AVE S
ReturnHeader/Filer/USAddress/CityNm0FARGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ND
ReturnHeader/Filer/USAddress/ZIPCd058104
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0943108253
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NOVOGRADAC & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08000 MARYLAND AVE SUITE 550
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CLAYTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd063105
ReturnHeader/PreparerPersonGrp/PhoneNum03146213471
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KEVIN WILSON
ReturnHeader/ReturnTs02025-04-11T14:28:15-05:00
ReturnHeader/ReturnTypeCd0990

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