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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.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$1.7M
Program Spending
100%
of total expenses go to program services
Total Contributions
$1.6M
Total Expenses
▼$281.1K
Total Assets
$4.3M
Total Liabilities
▼$1,305
Net Assets
$4.3M
Officer Compensation
→$0
Other Salaries
$0
Investment Income
$92K
Fundraising
▼$0
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2024 · Source: IRS e-Filed Form 990
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $1.7M | $1.6M | $281.1K | $4.3M | $4.3M |
| 2023 | $134K | $0 | $418.1K | $2.9M | $2.8M |
| 2022 | $1.6M | $1.5M | $152.2K | $3.1M | $3.1M |
| 2021 | $25.7K | $29.7K | $53.5K |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Emily Vikre | Director | 0.5 | $0 | $0 | $0 | $0 |
| Fred Lewis | Director | 0.5 | $0 | $0 | $0 | $0 |
| Jebeh Edmunds | Director | 0.5 | $0 | $0 | $0 | $0 |
| Julie Pierce | Vice President/director | 0.5 | $0 | $0 | $0 | $0 |
| Laura Mullen | President/director | 0.5 | $0 | $0 | $0 | $0 |
| Simone Giacomelli | Director | 0.5 | $0 | $0 | $0 | $0 |
| Tara Swenson | City Council Representative | 0.5 | $0 | $0 | $0 | $0 |
Emily Vikre
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Fred Lewis
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Jebeh Edmunds
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Julie Pierce
Vice President/director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Laura Mullen
President/director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Simone Giacomelli
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Tara Swenson
City Council Representative
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
| $1.7M |
| $1.7M |
| 2020 | $44.1K | $13K | $1.4M | $1.7M | $1.7M |
| 2019 | $107.4K | $24.2K | $63.6K | $3.1M | $3.1M |
| 2018 | $79.7K | $0 | $46.8K | $3M | $3M |
| 2017 | $3,451 | $0 | $305.9K | $3M | $3M |
| 2016 | $10.5K | $0 | $41.9K | $3.3M | $3.3M |
| 2015 | $16.5K | $0 | $37.1K | $3.3M | $3.3M |
| 2014 | $37K | $0 | $34.3K | $3.3M | $3.3M |
| 2013 | $1,655 | $0 | $34.2K | $3.3M | $3.3M |
| 2012 | $20.6K | $0 | $33.3K | $3.4M | $3.4M |
| 2011 | -$204.6K | $0 | $256.5K | $3.4M | $3.4M |
| 2021 | 990 | Data |
| 2020 | 990 | Data | PDF not yet published by IRS |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |