Public Charity

DULUTH 1200 FUND INC

DULUTH 1200 FUND INC, of Duluth, MN, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $1.7M in revenue, $281K in expenses, $4.3M in total assets. IRS filings disclose 115 grants awarded by this foundation, totaling roughly $1.6M.

EIN: 411520829 Duluth, MN Latest filing: 2024
Total Revenue$1.7M
Total Expenses$281K
Total Assets$4.3M
Grants Given115
Grant Total$1.6M
Filing Years2020–2024

Mission

The 1200 Fund's purpose is to provide low or no interest loans & other financial assistance (grants) to local Duluth area individuals and businesses to confront economic deterioration & loss of jobs. Financing, provided by a governmental funded revolving loan fund, is intended to provide assistance to individuals & businesses that aren't able to obtain affordable, adequate, or appropriate financing from other conventional sources. The primary requirement for assistance is the recipient provides for new job creation and/or retention of existing jobs.

Where $100 goes at Duluth 1200 Fund Inc

How Duluth 1200 Fund Inc divides every $100 it spends, from its own Form 990 filings, averaged across 4 years.

$100 Programs the work itself
<$1 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $100 for programs

$100
There were 4 new 1200 Fund Advance loans that were approved and drawn down in 2024
All program spending · Reported in the filing: 1,200 loans
Share on LinkedIn Share on Facebook
Add this to your website

Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Given

Northland Foundation
Duluth, MN · 2024
Northland Child Care Activities Grant-Grant given to Northland Foundation to facilitate developing Child care grants & eligibility criteria and scoring, review, finalize training & peer Learning plans and engage projects in training & peer learning and connect projects with other resources. Analyze and prepare final reports of outcomes to the Duluth 1200 Fund.
$149,137
Northland Foundation
Duluth, MN · 2024
Jump Into Child Care Project Activities- Northland Foundation acted as fiscal sponsor for Child Care pilot project, to expand interest in child care field to address the child care workforce shortage. 17 training sessions were held, engaging 151 people, assisting with required training to assist participants with opening a licensed family child care business, also with the use of job coaches.
$26,780
Western Area Business and Civic Club
Duluth, MN · 2024
West Duluth Business Club Grant for West Duluth Event Banners and Lighting Upgrades and installation to promote local events to increase business in the area.
$12,000
Northland Foundation
Duluth, MN · 2023
Non-profit Northland Foundation received the grant funding to perform the Northland Jump Into Child Care Activity grant, to attract and create more child care in the Duluth area. The grant agreement included developing application and eligibility criteria, create an outreach plan, release and provide technical assistance to Day care provider applicants, make funding awards, finalize training & peer learning plans, connect projects with other resources, analyze pilot project reports, and prepare final reports to the Duluth 1200 Fund.
$150,863
Northeast Entrepreneur Fund
Duluth, MN · 2023
The Northeast Entrepreneur Fund received the Downtown Duluth Revitalization Project grant, to assist businesses in need to help revitalize the Downtown Duluth Business district. The Entrepreneur Fund received $50,000 for grants to be given to eligible businesses ($2,500 each), and $10,000 to cover the Entrepreneur Fund's costs to perform tasks per the grant's guidelines, which entailed developing grant criteria & application forms, solicit grant applications, review & make recommendations for the grants and compliance with eligibility, submit recommendations, prepare grant agreements for eligible businesses, disburse grant funding, monitor grant compliance, and report to the 1200 Fund. Note: An $11,000 match was required from the organization Downtown Duluth.
$60,000

Showing up to 5 of 115 total records — full history available with membership.

Officers & Directors

Director Emily Vikre
Director Fred Lewis
Director Jebeh Edmunds
Vice President/Director Julie Pierce
President/Director Laura Mullen
Director Simone Giacomelli

Officer compensation and complete director data available with membership.

Top Grant Purposes

Health & Medicine
$1,162,500 109 grants
Human & Social Services
$300,000 2 grants
Economic Development
$72,000 2 grants
Fundraising & Sponsorship
$26,780 1 grant
Unspecified
$10,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $1.7M $281K $4.3M
2023 $134K $418K $2.9M
2022 $1.6M $152K $3.1M
2020 $44K $1.4M $1.7M

Between 2020 and 2024, reported annual revenue grew from $44K to $1.7M (+3746%), with total assets most recently reported at $4.3M.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in MN.

MN

Full geographic grant map with state-by-state breakdown available with membership.

See the full picture for DULUTH 1200 FUND INC

Complete financials, all 115 grant records, officer compensation, year-over-year trend charts, a geographic grant map, and data exports — across 880,000+ organizations.

Full Financial History Complete Grant Activity Officer Compensation Year-over-Year Charts Geographic Grant Map Data Exports
Start Free Trial → Log In
7-day free trial Cancel any time