Nonprofits›Duluth 1200 Fund Inc
Duluth 1200 Fund Inc
DULUTH, MN
Total revenue
$1.7M
Total expenses
$281K
Net assets
$4.3M
Grants received
—
EIN
411520829
Tax year
2024
Mission
The purpose of the 1200 Fund is to provide low, or no interest loans and other financial assistance (grants) to eligible individuals and businesses located in or near the City of Duluth, MN, in order to create and/or retain jobs and confront economic deterioration within the Duluth area.
Financials
FY 2024
Revenue
Contributions & grants$1.6M
Program service revenue$54K
Investment income$92K
Other revenue—
Total revenue$1.7M
Expenses
Grants paid$188K
Salaries & benefits—
Fundraising—
Other expenses$93K
Total expenses$281K
Total assets$4.3M
Net assets$4.3M
People
7 listed
NameRoleCompensation
Laura Mullen
President/Director
Board
—
0.5 hrs/wk
Julie Pierce
Vice President/Director
Board
—
0.5 hrs/wk
Emily Vikre
Director
Board
—
0.5 hrs/wk
Fred Lewis
Director
Board
—
0.5 hrs/wk
Jebeh Edmunds
Director
Board
—
0.5 hrs/wk
Simone Giacomelli
Director
Board
—
0.5 hrs/wk
Tara Swenson
City Council Representative
Board
—
0.5 hrs/wk
Details
EIN411520829
Subsection03
Ruling date1985-07
Formed1985
Employees0
Volunteers7