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Filing year 2024

LAKE AGASSIZ REGIONAL DEVELOPMENT CORPORATION

Fargo, North Dakota·EIN 45-0404558·3
Total revenue
$1.1M
Total assets
$6.4M
Total expenses
$1M
Reported officers
7
Mission

TO IDENTIFY AND PROVIDE FINANCING OPPORTUNITIES AND TECHNICAL ASSISTANCE TO EMERGING AND EXISTING BUSINESSES, PROVIDE COMMUNITY AND ECONOMIC DEVELOPMENT PLANNING AND IMPLEMENTATION FOR THE LONG-TERM SUSTAINABILITY AND GROWTH OF THE REGION, AND TO COORDINATE FEDERAL, STATE, AND PRIVATE PROGRAM ADMINISTRATION.

Executive compensation

Form 990 · Schedule J · 3 reported individuals · Filing year 2024

Base salaryExecutive compensation
Senior Commercial Loan Off
highest compensated employee
$123k
$132k
Chief Financial Officer
$102k
$110k
Executive Director
$49k
$52k

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 4 unpaid individuals.

Up 3%
from 2023

From $119k in 2023 to $123k in 2024.

$119k
2023
$123k
2024
In today's dollarsEst.
Roughly flat in real terms$132k to $132k

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.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

LAKE AGASSIZ REGIONAL DEVELOPMENT CORPORATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$1.1M
$1.1M
2023
$1.1M
$1M
2024
Total revenue and total expenses from IRS Form 990 filings.
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