The 1200 Fund's purpose is to provide low or no interest loans & other financial assistance (grants) to local Duluth area individuals and businesses to confront economic deterioration & loss of jobs. Financing, provided by a governmental funded revolving loan fund, is intended to provide assistance to individuals & businesses that aren't able to obtain affordable, adequate, or appropriate financing from other conventional sources. The primary requirement for assistance is the recipient provides for new job creation and/or retention of existing jobs.
Reported officers (all unpaid)
No paid executives reported in 2024. DULUTH 1200 FUND INC reported 7 unpaid officers and board members on its 990.
Revenue and expenses over time
DULUTH 1200 FUND INC reported revenue and expenses across 2 filing years.
Common questions about DULUTH 1200 FUND INC
What are DULUTH 1200 FUND INC's revenue and expenses?
In 2024, DULUTH 1200 FUND INC reported $1.7M in total revenue and $281k in total expenses on its IRS Form 990.
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