Duluth 1200 Fund Inc
Duluth 1200 Fund Inc is a public charity based in Duluth, Minnesota. It provides financing and other assistance to local businesses and individuals, with a focus on business growth, job creation or retention, and childcare availability.
Duluth 1200 Fund Inc at a glance
In short: Duluth 1200 Fund Inc gave $188K across 3 grants in 2024 (avg $63K), mostly in Minnesota. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $187,917
- -10.9% vs 2023
- Grants made (2024)
- 3
- +50.0% vs 2023
- Average grant
- $62,639
- -40.6% vs 2023
- Median grant
- $26,780
- Total assets
- $4,259,009
- +49.2% vs 2023
- Primary geography
- Minnesota (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
How to apply to Duluth 1200 Fund Inc
- Contact
Mailing address: 411 West First Street Room 402, Duluth, MN 55802
Phone: (218) 730-5054
Website: https://1200fund.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Duluth 1200 Fund Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Northland Foundation ($176K across 2 grants). Together the top 2 received $188K.
Grant Size Distribution
115 grants across all recorded years
The most common grant size was under $50K: 112 grants of 115 (97%).
Geographic Focus
Where this funder awards grants
The fund’s stated mission refers to the Duluth area. Its website describes several loan programs for businesses or commercial properties within Duluth city limits. The 2024 grants listed in the filing all went to Minnesota recipients, including organizations in Duluth.
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $2K (2022) to $1.2M (2020). In 2024 it made 3 grants totaling $188K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| 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 dba West Duluth Business 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 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $4,259,009 | $1,696,428 | $281,106 | $187,917 | 3 | $91,959 |
| 2023 | $2,853,742 | $134,046 | $418,100 | $210,863 | 2 | $97,138 |
| 2022 | $3,115,716 | $1,553,814 | $152,208 | $1,793 | Total only | $18,251 |
| 2021 | $1,711,403 | $25,658 | $53,492 | — | — | $-4,061 |
| 2020 | $1,742,903 | $44,104 | $1,377,352 | $1,172,500 | 110 | $31,058 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The fund’s stated mission is to provide low- or no-interest loans and other financial assistance, including grants, to local Duluth-area individuals and businesses to confront economic deterioration and job loss. Its primary requirement for assistance is that recipients create new jobs and/or retain existing ones.
The fund’s website describes loan options for businesses at different stages, including startup mentorship loans and financing for business or childcare-center property improvements. Its 2024 filing also describes loans with partial-forgiveness provisions tied to job creation and maintenance, and grants supporting childcare activities and a local business district.
In 2024, the fund supported the Northland Foundation, whose stated mission is to support northeastern Minnesota people and communities working toward a future where everyone feels they belong and can thrive. It also supported the Western Area Business and Civic Club with a grant for event banners and lighting upgrades intended to promote local events and area business.
Grantmaking
In 2024, the fund reported three grants totaling $187,917. Grants ranged from $12,000 to $149,137, with a median of $26,780. All reported grant dollars went to recipients in Minnesota.
The largest grant was $149,137 to the Northland Foundation for childcare activities, including developing grant eligibility and scoring processes, training and peer-learning plans, and outcome reporting. The Northland Foundation also received $26,780 for the Jump Into Child Care Project, which held 17 training sessions engaging 151 people and supported participants pursuing licensed family childcare businesses. The Western Area Business and Civic Club received $12,000 for event banners and lighting upgrades in West Duluth.
The fund’s 2024 filing says it also approved and drew down four Advance loans and made seven Mentorship loans. These are loan programs, not grants. The Mentorship Loan Program supports startup businesses working with a business mentor; its guidelines specify eligibility within Duluth city limits and prioritize serving BIPOC and minority-owned businesses. The filing describes the 2024 grants as two childcare grants to a local nonprofit foundation and one grant to a business club.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Laura Mullen as President/Director; Julie Pierce as Vice President/Director; Emily Vikre, Fred Lewis, Jebeh Edmunds, and Simone Giacomelli as Directors; and Tara Swenson as City Council Representative. The filing states that the Mayor of Duluth appoints and, if necessary, removes the corporation’s members, who constitute its Board of Directors.
Duluth 1200 Fund Inc is led by Laura Mullen, President & Director since 2022 (on filings since 2020); none of the 7 officers listed in 2024 report compensation.
Officers on the 2024 filing
Laura Mullen
President & Director
Director → President & Director, 2022
On filings since 2020
0.5 hrs/week
No compensation reported
Julie Pierce
Vice President & Director
Director → Vice President & Director, 2022
On filings since 2020
0.5 hrs/week
No compensation reported
Emily Vikre
Director
On filings since 2021
0.5 hrs/week
No compensation reported
Fred Lewis
Director
On filings since 2022
0.5 hrs/week
No compensation reported
Jebeh Edmunds
Director
On filings since 2023
0.5 hrs/week
No compensation reported
Simone Giacomelli
Director
On filings since 2023
0.5 hrs/week
No compensation reported
Tara Swenson
City Council Representative
New on the 2024 filing
0.5 hrs/week
No compensation reported
Former officers (7)
- Former: Arik Forsman (2020–2022) — Director
- Former: Stephanie Williams (2022) — Director
- Former: Brian Hanson (2020–2021) — Vice President & Director
- Former: Deb Otto (2020–2021) — President & Director
- Former: Mike Boeselager (2021) — Director
- Former: Mary MoldenHauer (2020) — Director
- Former: Michael Boeselager (2020) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Duluth 1200 Fund Inc
How much does Duluth 1200 Fund Inc give each year?
Duluth 1200 Fund Inc gave $188K across 3 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $211K across 2 grants.
What is Duluth 1200 Fund Inc's typical grant size?
Duluth 1200 Fund Inc's median grant in 2024 was $26,780, and its average grant was $62,639, across 3 grants on its 2024 IRS Form 990.
Where does Duluth 1200 Fund Inc give grants?
Duluth 1200 Fund Inc gives mostly in Minnesota: 100% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Duluth, MN (3 grants).
Does Duluth 1200 Fund Inc give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on Duluth 1200 Fund Inc's 2024 IRS Form 990 were described as general or operating support.
How large is Duluth 1200 Fund Inc?
Duluth 1200 Fund Inc reported $4.3M in total assets on its 2024 IRS Form 990. Its revenue that year was $1.7M.
What does Duluth 1200 Fund Inc fund?
The fund’s stated mission is to provide low- or no-interest loans and other financial assistance, including grants, to local Duluth-area individuals and businesses to confront economic deterioration and job loss. See mission & focus areas ↑
How do I apply for a grant from Duluth 1200 Fund Inc?
Duluth 1200 Fund Inc has no public application process in the sources Grantable reviewed. Check 1200fund.com for current guidelines, or contact the foundation directly before submitting a request.
What is Duluth 1200 Fund Inc's EIN?
Duluth 1200 Fund Inc's EIN (Employer Identification Number) is 41-1520829. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS October 28, 2021)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 12, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 14, 2025)
- IRS filings on file for fiscal years 2020–2024
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