Duluth 1200 Fund Inc

DULUTH, MN EIN: 41-1520829 Website

Duluth 1200 Fund Inc is a 501(c)(3) nonprofit organization based in Duluth, Minnesota, dedicated to revitalizing the local economy through financial assistance programs. The organization provides low-interest or no-interest loans and grants to eligible individuals and businesses in the Duluth area, with a focus on combating economic deterioration and job loss.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$4.3M

+49.2% YoY

Annual Giving

$188K

-10.9% YoY

Grant Count

+50.0% YoY

Avg Grant Size

$63K

-40.6% YoY

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The organization's mission is to confront economic deterioration and job loss by providing financing to those struggling to secure funding from conventional sources. Primary focus areas include:

Economic Development through business loans and grants
Job Creation via loan programs with job creation requirements
Childcare Support through stipend grants and childcare slot creation initiatives
Retail Revitalization through Pop-Up Shop grants for entrepreneurs utilizing vacant retail spaces

Grantmaking

The organization does not accept unsolicited applications. Funding is by invitation only.

Grant Types

& Structure:**

How to Apply

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Geographic Focus

Where this funder awards grants

In-state only. The fund serves the Duluth, Minnesota area and surrounding region.

Grant Distribution by State

Minnesota $971K (100%)

States

Minnesota

Cities

Duluth

Financial History

Multi-year comparison from IRS filings

Assets & Giving (Most Recent Data):

Total assets: $2,853,742 (2023)
Total giving: $187,917–$219,050 (varies by reporting source, 2023–2024)
Total revenues: $134,046 (2023)
Total expenses: $418,100 (2023)
Giving rate: 7.4% of assets

Historical Giving Trends:

2023: $211,000 in total giving across 2 grants; median grant $105,000; grant range $60,000–$151,000
2022: 3 loans approved and disbursed

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$4,259,009	$2,853,742	$3,115,716
Revenue	$1,696,428	$134,046	$1,553,814
Expenses	$281,106	$418,100	$152,208
Qualifying Distributions	—	—	—
Net Investment Income	$91,959	$97,138	$18,251
Distributable Amount	—	—	—

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

55 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Northland Foundation ($149,137), Northland Foundation ($26,780), Western Area Business and Civic Club ($12,000).

Recipient	Purpose	Amount
Northland Foundation Duluth, MN	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	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	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

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Laura Mullen	President/Director	0.5	—
Julie Pierce	Vice President/Director	0.5	—
Emily Vikre	Director	0.5	—
Fred Lewis	Director	0.5	—
Jebeh Edmunds	Director	0.5	—
Simone Giacomelli	Director	0.5	—
Tara Swenson	City Council Representative	0.5	—

Recent News & Activity

Recent developments and announcements

The Duluth 1200 Fund has announced recent grant recipients and continues to expand its programming. The organization has announced recipients for childcare grants and has introduced new loan programs, including a Historic Fund loan program. The fund remains active in supporting local entrepreneurs and childcare providers through various grant and loan initiatives.

Duluth 1200 Fund announces grant recipients

Contact Information

Address: 411 W 1st St Rm 402, Duluth, MN 55802-2654

Phone: 218-730-5054

Website: 1200fund.com

EIN: 41-1520829

Frequently Asked Questions

What does Duluth 1200 Fund Inc fund?

The organization's mission is to confront economic deterioration and job loss by providing financing to those struggling to secure funding from conventional sources. Primary focus areas include: • **Economic Development** through business loans and grants • **Job Creation** via loan programs with job creation requirements • **Childcare Support** through stipend grants and childcare slot creation initiatives • **Retail Revitalization** through Pop-Up Shop grants for entrepreneurs utilizing vacan…

How do I apply for a grant from Duluth 1200 Fund Inc?

**Grant Types & Structure:** • Low-interest or no-interest loans to eligible individuals and businesses • Advance/Bridge loans with provisions for partial loan forgiveness based on job creation and maintenance • Pop-Up Shop grants for local entrepreneurs • Childcare stipend grants for individuals completing training courses • Childcare grants supporting providers creating new childcare slots **Recent Activity:** • In 2023, the fund approved and drew down 6 new Advance/Bridge loans. Four loans c…