Duluth 1200 Fund Inc
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
3
+50.0% YoY
Avg Grant Size
$63K
-40.6% YoY
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
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
States
Cities
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
| 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
No grants recorded for .
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 recipientsContact Information
Address: 411 W 1st St Rm 402, Duluth, MN 55802-2654
Phone: 218-730-5054
Website: 1200fund.com
EIN: 41-1520829
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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