Liabilities / Assets
12th percentile
Tied with the lowest-debt nonprofits in its peer group.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
12th percentile
Tied with the lowest-debt nonprofits in its peer group.
Liabilities / Revenue
14th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
1st percentile
Higher net margin than 1% of similar nonprofits.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
33rd percentile
Faster asset growth than 33% of similar nonprofits.
Revenue Growth
1st percentile
Faster revenue growth than 1% of similar nonprofits.
Assets
Down$3,347,064
Down $63,832 (-1.9%) from 2012
Net Assets
Down$3,347,064
Down $32,518 (-1.0%) from 2012
Liabilities
Down$0
Down $31,314 (-100%) from 2012
Revenue
Down$1,655
Down $18,920 (-92%) from 2012
Expenses
Up$34,173
Up $885 (+2.7%) from 2012
Net Income
Down-$32,518
Down $19,805 (-156%) from 2012
This 2013 filing currently has summary financial data only. Detailed schedules, leadership, and program rows are not available for this filing yet.
The 1200 Fund's purpose is to provide low or no interest loans & other financial assistance (grants) to local Duluth area businesses to confront economic deterioration & loss of jobs. Financing, provided by a governmental funded revolving loan fund, is intended to provide assistance to 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.
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Displayed year
2013 • Form 990Summary only. Only limited summary data is available for this year.