Dakota Resources

The future of rural is here.

aka South Dakota Rural Enterprise, Inc.   |   Renner, SD   |
GuideStar Charity Check

Dakota Resources

EIN: 46-0442430


Dakota Resources is connecting capital and capacity to empower rural communities. Our impact programs lead to individual, organizational and financial capacity on a local level, which assists rural communities to develop their shared capacity and results in a thriving rural.

Notes from the nonprofit

The future of rural is here. The future of rural will be shaped by people passionate about their communities. It starts with one person. With one idea. Who invites others to join. This is how the work begins. The future of rural makes room for diverse visions to co-exist. It includes a voice - and place - for everyone. It’s created by people empowered to participate in decisions for their community. We believe that leadership capacity and access to capital are key to creating that future. Our programs are aimed at supporting rural shapers and economic development organizations. The direction of our work is always pointing toward a thriving rural. What that looks like will be different for every rural community. But one thing is certain: The future of rural is here.

Ruling year info


Principal Officer

Joe Bartmann

Main address

25795 475th Ave Ste 1

Renner, SD 57055 USA

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Formerly known as

South Dakota Rural Enterprise



Subject area info

Rural development


Human rights

Economics for youth

Population served info

Children and youth



Economically disadvantaged people


NTEE code info

Rural (S32)

Business, Youth Development (O53)

Management & Technical Assistance (R02)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms



Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Rural Economic Development Learning Network

The learning network is intended to help rural economic development leaders connect and engage with one another to explore and learn more about topics that they identify as important to them.

Overall program goal: Rural economic development leaders sustain a dynamic resource network that leads to improved development outcomes for rural communities.

Population(s) Served

Community Coaching is intended to guide communities in learning, engaging and adopting an inclusive community decision making process that helps them make citizen-driven progress. Dakota Resources acts as a process facilitator to activate community leaders, engage new people in community decisions, and support action toward common goals. Communities are vetted to ensure they have a combination of assets that will support success of the process. Dakota Resources coaches walk community members through a process to democratize community decision making. Community teams identify goals and lead the community toward them using the tools learned through coaching. The focus for Dakota Resources is on the quality of the community process.

Overall program goal: Communities are routinely engaged in an inclusive and effective process of making decisions together and getting innovative things done.

Population(s) Served

Dakota Resources launched Dakota Rising to help fulfill our core mission of “enriching communities and empowering people.” Through Dakota Rising, we seek out, celebrate, and inspire rural entrepreneurs through a free comprehensive 24-month program designed to provide rural entrepreneurs with the tools, resources and connections to help them reach their greatest potential. In return, our Fellows use that potential to impact rural economic and community development.

Population(s) Served

The Capital Investment Fund helps build the financial capacity of rural economic development corporations by providing low interest, unsecured, unrestricted loan funds. This allows development corporations the flexibility to determine the best use of the funds for projects within their community. Applicants must demonstrate capacity to use capital productively by evidence of sound management, adequate capital, a demonstrated need and a mission consistent with the mission of Dakota Resources. Borrowers generally use the loan funds as capital for revolving loan funds for small businesses, housing development, commercial development, infrastructure improvements or a very specific community project.
The Capital Investment Fund consistently averages $1MM per year in new loans with a minimum loan of $100,000.

Overall program goal: Rural economic development organizations use the loan funds to spark new economic development in their communities and maintain financial sustainability.

Population(s) Served
Economically disadvantaged people

RuralX is an annual two-day conference designed to connect, inform and inspire participants. The conference is marketed broadly to rural community leaders, business owners, economic development professionals and others who live and work in rural places, or simply have an interest in them. RuralX brings in known speakers on timely topics important to people interested in the progress of rural communities for learning and inspiration. There is a largely participant-led portion of the conference that allows attendees to bring forward topics on their mind and facilitate short sessions on those topics. There is a focus on creating space for socializing and making connections.

Overall program goal: RuralX participants will learn information, make connections with other people and gain inspiration that leads them to take action for the benefit of their community.

Population(s) Served

Where we work

Affiliations & memberships

Opportunity Finance Network member 2020

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We demonstrated a willingness to learn more by reviewing resources about feedback practice.
done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve

  • Which of the following feedback practices does your organization routinely carry out?

  • What challenges does the organization face when collecting feedback?

    Staff find it hard to prioritize feedback collection and review due to lack of time


Dakota Resources
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2021 info

SOURCE: IRS Form 990


Average of 0.23 over 10 years

Months of cash in 2021 info

SOURCE: IRS Form 990


Average of 2.6 over 10 years

Fringe rate in 2021 info

SOURCE: IRS Form 990


Average of 19% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

Source: IRS Form 990 info

Dakota Resources

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990

Fiscal year ending: cloud_download Download Data

Dakota Resources

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Dakota Resources

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990

This snapshot of Dakota Resources’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2017 2018 2019 2020 2021
Unrestricted surplus (deficit) before depreciation $622,624 $1,188,781 $1,283,488 $1,933,153 $662,008
As % of expenses 21.8% 56.5% 52.5% 86.1% 29.1%
Unrestricted surplus (deficit) after depreciation $616,925 $1,182,473 $1,264,492 $1,900,528 $621,642
As % of expenses 21.6% 56.0% 51.3% 83.4% 26.8%
Revenue composition info
Total revenue (unrestricted & restricted) $3,325,826 $3,326,438 $3,661,518 $4,259,846 $4,179,502
Total revenue, % change over prior year 20.0% 0.0% 10.1% 16.3% -1.9%
Program services revenue 46.8% 68.9% 74.8% 53.9% 39.6%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.9% 0.7% 1.9% 1.4% 0.6%
Government grants 39.2% 18.2% 3.2% 19.0% 59.8%
All other grants and contributions 12.9% 12.1% 11.5% 25.7% 0.0%
Other revenue 0.1% 0.0% 8.5% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $2,854,288 $2,103,646 $2,444,424 $2,246,296 $2,277,454
Total expenses, % change over prior year 36.1% -26.3% 16.2% -8.1% 1.4%
Personnel 40.7% 47.2% 49.5% 59.3% 56.6%
Professional fees 4.9% 7.6% 2.4% 2.5% 2.7%
Occupancy 1.1% 1.4% 1.2% 1.3% 1.0%
Interest 9.4% 14.5% 16.2% 16.8% 14.7%
Pass-through 3.0% 4.1% 0.2% 0.1% 4.6%
All other expenses 41.0% 25.2% 30.4% 20.0% 20.4%
Full cost components (estimated) info 2017 2018 2019 2020 2021
Total expenses (after depreciation) $2,859,987 $2,109,954 $2,463,420 $2,278,921 $2,317,820
One month of savings $237,857 $175,304 $203,702 $187,191 $189,788
Debt principal payment $0 $0 $0 $5,158,187 $0
Fixed asset additions $6,976 $0 $108,707 $35,913 $190,151
Total full costs (estimated) $3,104,820 $2,285,258 $2,775,829 $7,660,212 $2,697,759

Capital structure indicators

Liquidity info 2017 2018 2019 2020 2021
Months of cash 1.5 1.3 6.8 4.8 1.7
Months of cash and investments 7.8 16.0 24.2 24.0 39.9
Months of estimated liquid unrestricted net assets 28.5 45.4 45.4 58.9 60.6
Balance sheet composition info 2017 2018 2019 2020 2021
Cash $362,409 $227,258 $1,393,457 $892,823 $314,166
Investments $1,494,830 $2,577,188 $3,536,552 $3,601,715 $7,266,704
Receivables $18,597,890 $18,908,728 $23,916,025 $22,693,094 $22,179,775
Gross land, buildings, equipment (LBE) $62,793 $67,965 $176,673 $210,056 $370,856
Accumulated depreciation (as a % of LBE) 61.1% 65.8% 36.1% 44.7% 28.3%
Liabilities (as a % of assets) 65.6% 62.8% 68.2% 55.6% 53.1%
Unrestricted net assets $6,797,607 $7,980,080 $9,244,572 $11,145,100 $11,766,742
Temporarily restricted net assets $111,909 $145,559 N/A N/A N/A
Permanently restricted net assets $190,000 $190,000 N/A N/A N/A
Total restricted net assets $301,909 $335,559 $277,924 $1,151,638 $2,383,348
Total net assets $7,099,516 $8,315,639 $9,522,496 $12,296,738 $14,150,090

Key data checks

Key data checks info 2017 2018 2019 2020 2021
Material data errors No No No No No


The people, governance practices, and partners that make the organization tick.

Form 1023/1024 is not available for this organization

Principal Officer

Joe Bartmann

Joe combines his passion for rural economic and community development with his deep experience in community building, systems thinking, group processes, leadership and innovation. He served as Vice President of Community Innovation at Dakota Resources for three years before being selected to lead the organization alongside an empowered team of people. Joe’s visionary style, honesty and diversified skillset allow him to bring out the best in the people around him and to continually evolve, learn and grow alongside them. He is excited about the direction rural is taking and is ready to help Dakota Resources blaze new trails for a better, more impactful future.

Number of employees

Source: IRS Form 990

Dakota Resources

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

Dakota Resources

Highest paid employees

SOURCE: IRS Form 990

Show data for fiscal year
Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

Dakota Resources

Board of directors
as of 01/21/2022
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Ruth Christopherson

Citi Community Development

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 3/3/2020

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.


The organization's leader identifies as:

Race & ethnicity
Gender identity
Male, Not transgender (cisgender)
Sexual orientation
Heterosexual or straight
Disability status
Person with a disability

Race & ethnicity

Gender identity


Sexual orientation


Equity strategies

Last updated: 03/03/2020

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

  • We review compensation data across the organization (and by staff levels) to identify disparities by race.
  • We ask team members to identify racial disparities in their programs and / or portfolios.
  • We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
Policies and processes
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We have community representation at the board level, either on the board itself or through a community advisory board.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.


Fiscal year ending
There are no fundraisers recorded for this organization.