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Minnesota · Nonprofit

LEECH LAKE FINANCIAL SERVICES INC

LEECH LAKE FINANCIAL SERVICES INC (Minnesota) receives grants from 11 organizations whose IRS filings report $1,860,500 to it, the largest being C K BLANDIN FOUNDATION ($905,000). 6 of them have funded it in more than one year.

Revenue FY2023
$789k
Funders on record
11
Grants received
$1.9M
Net assets
$587k
6/11 repeat funderspeak grant-dependency 47%
01What it does

What Leech Lake Financial Services Inc does

Mission

To promote economic development by providing safe, affordable loans and financial training.

As stated on its FY2023 Form 990.

Program

  1. The loan programs provided more than 200 loans to individuals and business who normally wouldn't qualify for a conventional loan. The program also provides financial training.

    $414,694 spent$53,065 earned by the program
    100% of program spending

The program described on its FY2022 Form 990. Program spending in total: $414,694.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($314k) Expenses 100 ($452k) Net assets 100 ($469k)2018 Revenue 151 ($474k) Expenses 95 ($428k) Net assets 110 ($515k)2019 Revenue 86 ($270k) Expenses 91 ($412k) Net assets 79 ($373k)2020 Revenue 163 ($513k) Expenses 73 ($330k) Net assets 119 ($556k)2021 Revenue 189 ($594k) Expenses 105 ($477k) Net assets 144 ($673k)2022 Revenue 224 ($704k) Expenses 155 ($701k) Net assets 144 ($676k)2023 Revenue 251 ($789k) Expenses 194 ($878k) Net assets 125 ($587k)
2017201820192020202120222023
Revenue (251)Expenses (194)Net assets (125)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $1.3M to $1.8M (+35%).

$648k
$847k
$863k
$1.0M
$1.3M
$1.8M
$1.7M
2017201820192020202120222023
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 86% · 2018 90% · 2019 83% · 2020 59% · 2021 69% · 2022 43% · 2023 44%. Grants only. Government contracts and fees sit inside program revenue.

92% of LEECH LAKE FINANCIAL SERVICES INC’s revenue is contributions — more donation-reliant than the typical peer (91% for the typical peer).

This organization
Typical peer · 23,870 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 7 reported years ran a deficit.

−$138k
’17
$47k
’18
−$142k
’19
$183k
’20
$117k
’21
$3k
’22
−$89k
’23
14
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Rob Aitken

Executive director

Board chair

William Ethier

Chair

As listed on its FY2023 Form 990.

2017201820192020202120222023
Listed7777699
Joined·+2+0+0+0+3+0
No longer listed·200100
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 1 funder to 5 funders, grant income rose $10k → $360k.

2 of 11 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 4% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of LEECH LAKE FINANCIAL SERVICES INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

LEECH LAKE FINANCIAL SERVICES INC leans on a few funders — its largest provides 49% of grant income and the top three 83%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

49%
largest funder
83%
top three
~3
effective funders

Largest funder’s share by year: 2017 100% · 2019 50% · 2020 45% · 2021 36% · 2022 49% · 2023 63% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

75% of LEECH LAKE FINANCIAL SERVICES INC's funders are still giving 3 years after their first grant; 55% give in more than one year at all.

first grant+1y+2y+3y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

95% of LEECH LAKE FINANCIAL SERVICES INC's grant income comes from Minnesota funders.

MN
CO

In-state vs out-of-state, by year

’19
’20
’21
’22
’23
Minnesota out of state home

Funder states come from each funder’s own filing. $76k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

LEECH LAKE FINANCIAL SERVICES INC holds deeper cash reserves than three-quarters of the 21,056 human services nonprofits its size.

Operating margin−11% · bottom quartile
Months of reserve13.5mo · top quartile
Revenue growth (annualized)17% · above the median

this organization peer median middle 50% of peers· 21,056 human services nonprofits $100k–$1M, FY2023

Government funding LEECH LAKE FINANCIAL SERVICES INC receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $2.6M on record.

Federal$2.6M
grants $2.6Mcontracts $0
17
19
20
21
22
23
24
25
Top agencies
  • Department of Health and Human Services$1.2M
  • Department of the Treasury$1.0M
  • Department of Agriculture$309k

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like LEECH LAKE FINANCIAL SERVICES INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Minnesota

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

60% of spending goes to programs.

Program 60%Management 40%Fundraising 0%

Governance

7
board members
100%
independent
✓Conflict-of-interest policy–Whistleblower policy–Document retention✓Board reviewed the 990✓Audited financials

Public support

99%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

MN

Part of a family of 1 related entity

  • Build One Properties LLC · disregarded

Screen this organization

A dated, signed PDF of the compliance screen for LEECH LAKE FINANCIAL SERVICES INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds LEECH LAKE FINANCIAL SERVICES INC?
LEECH LAKE FINANCIAL SERVICES INC (Minnesota) receives grants from 11 organizations whose IRS filings report $1,860,500 to it, the largest being C K BLANDIN FOUNDATION ($905,000). 6 of them have funded it in more than one year.
How many funders does LEECH LAKE FINANCIAL SERVICES INC have?
IRS filings report 11 organizations giving $1,860,500 in grants to LEECH LAKE FINANCIAL SERVICES INC, 6 of which have funded it in more than one year.
Who is the largest funder of LEECH LAKE FINANCIAL SERVICES INC?
C K BLANDIN FOUNDATION is the largest funder on record, with $905,000 in grants. The full list of funders is on this page.
How can an organization like LEECH LAKE FINANCIAL SERVICES INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Leech Lake Financial Services →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2023 (financials across 2017–2023), and the filings of 11 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing