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Filing year 2024

LAKE AGASSIZ CERTIFIED DEVELOPMENT COMPANY

Fargo, North Dakota·EIN 20-1390956·501(c)(4)
Total revenue
$431k
Total assets
$451k
Total expenses
$400k
Reported officers
13
Mission

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.

Executive compensation

Form 990 · Part VII & Schedule J · 10 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Director
Board Member
Below 10th percentile
$575
$619
Director
Board Member
Below 10th percentile
$575
$619
Treasurer
Officer (Unspecified)
$550
$592
Vice President
Below 10th percentile
$550
$592
Director
Board Member
Below 10th percentile
$550
$592
Treasurer
Officer (Unspecified)
$525
$565
President
Below 10th percentile
$500
$538
Secretary
Officer (Unspecified)
$450
$484
Director
Board Member
Below 10th percentile
$225
$242
Director
Board Member
Below 10th percentile
$200
$215

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 3 unpaid individuals.

Pay for the position

Board Member pay fell 4% from 2023 to 2024, while revenue rose 1%.

$600 in 2023 to $575 in 2024.
  • Vice President pay rose 100% from 2023 to 2024.
  • Chief Executive Officer pay rose 33% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Financial trend

Revenue and expenses over time

LAKE AGASSIZ CERTIFIED DEVELOPMENT COMPANY reported revenue and expenses across 2 filing years.

RevenueExpenses
$428k
$420k
2023
$431k
$400k
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about LAKE AGASSIZ CERTIFIED DEVELOPMENT COMPANY

What does the Board Member of LAKE AGASSIZ CERTIFIED DEVELOPMENT COMPANY earn?

In 2024, the Board Member of LAKE AGASSIZ CERTIFIED DEVELOPMENT COMPANY received $575 in total compensation. This pay is in the bottom 10% for Board Member roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report more. Based on IRS Form 990 data.

How does Board Member pay at LAKE AGASSIZ CERTIFIED DEVELOPMENT COMPANY compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Board Member at LAKE AGASSIZ CERTIFIED DEVELOPMENT COMPANY falls in the bottom 10%.

What are LAKE AGASSIZ CERTIFIED DEVELOPMENT COMPANY's revenue and expenses?

In 2024, LAKE AGASSIZ CERTIFIED DEVELOPMENT COMPANY reported $431k in total revenue and $400k in total expenses on its IRS Form 990.

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