Civic Intelligence

Duluth 1200 Fund Inc.

990 • Fiscal year 2019 • EIN 41-1520829

Jan 01, 2019 to Dec 31, 2019

Organization Profile1200fund.com
Duluth, MN
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

21st percentile

0.00x

Higher debt load relative to assets than 21% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

44th percentile

0.06x

Higher debt load relative to revenue than 44% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

89th percentile

41%

Higher net margin than 89% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

46th percentile

1.6%

Faster asset growth than 46% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

83rd percentile

35%

Faster revenue growth than 83% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets21st percentile

Assets

Up

$3,078,773

Up $49,759 (+1.6%) from 2018

Net Assets

Up

$3,071,835

Up $43,741 (+1.4%) from 2018

Liabilities

Up

$6,938

Up $6,018 (+654%) from 2018

Revenue And Expenses
Liabilities / Revenue44th percentileNet Margin89th percentile

Revenue

Up

$107,388

Up $27,709 (+35%) from 2018

Expenses

Up

$63,647

Up $16,880 (+36%) from 2018

Net Income

Up

$43,741

Up $10,829 (+33%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth46th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2011: $3,393,921Liabilities 2011: $1,626Net Assets 2011: $3,392,2952011Assets 2012: $3,410,896Liabilities 2012: $31,314Net Assets 2012: $3,379,5822012Assets 2013: $3,347,064Liabilities 2013: $0Net Assets 2013: $3,347,0642013Assets 2014: $3,349,723Liabilities 2014: $0Net Assets 2014: $3,349,7232014Assets 2015: $3,329,063Liabilities 2015: $0Net Assets 2015: $3,329,0632015Assets 2016: $3,332,323Liabilities 2016: $34,683Net Assets 2016: $3,297,6402016Assets 2017: $2,996,750Liabilities 2017: $1,568Net Assets 2017: $2,995,1822017Assets 2018: $3,029,014Liabilities 2018: $920Net Assets 2018: $3,028,0942018Assets 2019: $3,078,773Liabilities 2019: $6,938Net Assets 2019: $3,071,8352019Assets 2020: $1,742,903Liabilities 2020: $4,316Net Assets 2020: $1,738,5872020Assets 2021: $1,711,403Liabilities 2021: $650Net Assets 2021: $1,710,7532021Assets 2022: $3,115,716Liabilities 2022: $3,357Net Assets 2022: $3,112,3592022Assets 2023: $2,853,742Liabilities 2023: $11,360Net Assets 2023: $2,842,3822023Assets 2024: $4,259,009Liabilities 2024: $1,305Net Assets 2024: $4,257,7042024

Highlighted filing

2019

Assets$3,078,773
Liabilities$6,938
Net Assets$3,071,835
Open 2019 Filing

Operations Trend

Revenue Growth83rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2011: -$204,569Expenses 2011: $256,487Net Income 2011: -$461,0562011Revenue 2012: $20,575Expenses 2012: $33,288Net Income 2012: -$12,7132012Revenue 2013: $1,655Expenses 2013: $34,173Net Income 2013: -$32,5182013Revenue 2014: $36,994Expenses 2014: $34,335Net Income 2014: $2,6592014Revenue 2015: $16,486Expenses 2015: $37,146Net Income 2015: -$20,6602015Revenue 2016: $10,475Expenses 2016: $41,898Net Income 2016: -$31,4232016Revenue 2017: $3,451Expenses 2017: $305,909Net Income 2017: -$302,4582017Revenue 2018: $79,679Expenses 2018: $46,767Net Income 2018: $32,9122018Revenue 2019: $107,388Expenses 2019: $63,647Net Income 2019: $43,7412019Revenue 2020: $44,104Expenses 2020: $1,377,352Net Income 2020: -$1,333,2482020Revenue 2021: $25,658Expenses 2021: $53,492Net Income 2021: -$27,8342021Revenue 2022: $1,553,814Expenses 2022: $152,208Net Income 2022: $1,401,6062022Revenue 2023: $134,046Expenses 2023: $418,100Net Income 2023: -$284,0542023Revenue 2024: $1,696,428Expenses 2024: $281,106Net Income 2024: $1,415,3222024

Highlighted filing

2019

Revenue$107,388
Expenses$63,647
Net Income$43,741
Open 2019 Filing
Filing Detail Status

This 2019 filing currently has summary financial data only. Detailed schedules, leadership, and program rows are not available for this filing yet.

View Latest Detailed Filing (2024)
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Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Mission and Program Overview

Mission

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.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$3,078,773
Liabilities
$6,938
Net assets
$3,071,835
Revenue
$107,388
Expenses
$63,647
Net income
$43,741
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.26$0.00$4.26$1.70$0.28$1.42
2023Detailed filing. Detailed filing data is available for this year.$2.85$0.01$2.84$0.13$0.42$0.28
2022Detailed filing. Detailed filing data is available for this year.$3.12$0.00$3.11$1.55$0.15$1.40
2021Detailed filing. Detailed filing data is available for this year.$1.71$0.00$1.71$0.03$0.05$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.74$0.00$1.74$0.04$1.38$1.33
2019Summary only. Only limited summary data is available for this year.$3.08$0.01$3.07$0.11$0.06$0.04
2018Summary only. Only limited summary data is available for this year.$3.03$0.00$3.03$0.08$0.05$0.03
2017Summary only. Only limited summary data is available for this year.$3.00$0.00$3.00$0.00$0.31$0.30
2016Summary only. Only limited summary data is available for this year.$3.33$0.03$3.30$0.01$0.04$0.03
2015Summary only. Only limited summary data is available for this year.$3.33$0.00$3.33$0.02$0.04$0.02
2014Summary only. Only limited summary data is available for this year.$3.35$0.00$3.35$0.04$0.03$0.00
2013Summary only. Only limited summary data is available for this year.$3.35$0.00$3.35$0.00$0.03$0.03
2012Summary only. Only limited summary data is available for this year.$3.41$0.03$3.38$0.02$0.03$0.01
2011Summary only. Only limited summary data is available for this year.$3.39$0.00$3.39$0.20$0.26$0.46