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Nonprofiteer
← CAPITAL LINK INC

Form 990 for tax year 2023

Filed by CAPITAL LINK INC.

Totals

Total revenue
$6,468,248
Total expenses
$3,240,582
Contributions and grants received
$4,425,725
Grants paid
$0
Program service revenue
$1,669,972
Investment income
$120,895
Other revenue
$251,656
Total assets, end of year
$5,934,619
Total liabilities, end of year
$946,525
Net assets or fund balances, end of year
$4,988,094
Program services expenses (Part IX)
$2,441,798
Management and general expenses
$798,784
Fundraising expenses
$0
Program service expenses (Part III)
$2,441,798

Program services were 75.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $1,168,750

  • 1f · All other contributions, gifts and grants

    $3,256,975

  • 2a · Program service revenue: ENGAGEMENT FEES

    total $1,669,972 · related or exempt $1,669,972

  • 3 · Investment income

    total $120,895 · excluded $120,895

  • 5 · Royalties

    total $250,000 · excluded $250,000

  • 11d · All other revenue

    total $1,656 · related or exempt $1,656

  • 11e · Other revenue, total

    $1,656

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $864,850 · program services $739,249 · management and general $125,601

  • 7 · Other salaries and wages

    total $772,327 · program services $704,028 · management and general $68,299

  • 8 · Pension plan contributions

    total $310,470 · program services $135,879 · management and general $174,591

  • 9 · Other employee benefits

    total $196,745 · program services $86,106 · management and general $110,639

  • 10 · Payroll taxes

    total $213,180 · program services $93,300 · management and general $119,880

  • 11b · Fees: legal

    total $2,961 · program services $2,192 · management and general $769

  • 11c · Fees: accounting

    total $25,606 · program services $18,956 · management and general $6,650

  • 11g · Fees: other

    total $466,073 · program services $332,445 · management and general $133,628

  • 12 · Advertising and promotion

    total $10,673 · program services $8,954 · management and general $1,719

  • 13 · Office expenses

    total $48,577 · program services $36,327 · management and general $12,250

  • 16 · Occupancy

    total $32,492 · program services $24,054 · management and general $8,438

  • 17 · Travel

    total $112,683 · program services $108,467 · management and general $4,216

  • 19 · Conferences, conventions and meetings

    total $67,473 · program services $64,949 · management and general $2,524

  • 22 · Depreciation, depletion and amortization

    total $20,452 · program services $9,391 · management and general $11,061

  • 23 · Insurance

    total $26,866 · program services $19,889 · management and general $6,977

  • 24a · Other expenses: EQUIPMENT LEASES AND MA

    total $468 · program services $346 · management and general $122

  • 24e · All other expenses

    total $68,686 · program services $57,266 · management and general $11,420

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $933,813 · end of year $639,735

  • 2 · Savings and temporary cash investments

    beginning of year $1,040,360 · end of year $4,651,694

  • 3 · Pledges and grants receivable

    beginning of year $220,494 · end of year $139,682

  • 4 · Accounts receivable

    beginning of year $90,878 · end of year $326,682

  • 9 · Prepaid expenses and deferred charges

    beginning of year $32,234 · end of year $73,504

  • 10a · Land, buildings and equipment: cost or other basis

    $509,069

  • 10b · Land, buildings and equipment: accumulated depreciation

    $453,551

  • 10c · Land, buildings and equipment, net

    beginning of year $18,698 · end of year $55,518

  • 13 · Investments: program-related

    beginning of year $1,944 · end of year $1,944

  • 15 · Other assets

    beginning of year $67,504 · end of year $45,860

  • 17 · Accounts payable and accrued expenses

    beginning of year $612,497 · end of year $921,025

  • 19 · Deferred revenue

    beginning of year $33,000 · end of year $25,500

  • 27 · Net assets without donor restrictions

    beginning of year $1,745,840 · end of year $4,875,585

  • 28 · Net assets with donor restrictions

    beginning of year $14,588 · end of year $112,509

Mission and programs · 2023

Mission

CAPITAL LINK IS A NATIONAL NONPROFIT ORGANIZATION THAT PROVIDES HIGH-QUALITY, AFFORDABLE, INNOVATIVE ADVISORY SERVICES RELATED TO PLANNING AND FINANCING CAPITAL PROJECTS FOR NONPROFIT COMMUNITY HEALTH CENTERS TO SUPPORT AND EXPAND COMMUNITY-BASED HEALTH CARE.

Activities or mission (Part I)

CAPITAL LINK IS A NATIONAL NONPROFIT ORGANIZATION THAT PROVIDES HIGH-QUALITY, AFFORDABLE, INNOVATIVE ADVISORY SERVICES RELATED TO PLANNING AND FINFNCIAL CAPITAL PROJECTS FOR NONPROFIT COMMUNITY HEALTH CENTERS TO SUPPORT AND EXPAND COMMUNITY-BASED HEALTH CARE.

  • CAPITAL LINK IS DEDICATED TO STRENGTHENING AND EXPANDING HIGH-QUALITY, COMMUNITY-BASED HEALTH CARE IN A RAPIDLY CHANGING MARKETPLACE. WE HELP HEALTH CENTERS GROW BY PROVIDING:-INDUSTRY VISION AND LEADERSHIP IN THE DEVELOPMENT OF CAPITALIZATION STRATEGIES FOR FACILITIES AND OPERATIONAL EXPANSION;-METRICS AND ANALYTICAL SERVICES FOR MEASURING HEALTH CENTER IMPACT, EVALUATING FINANCIAL AND OPERATING TRENDS AND PROMOTING PERFORMANCE IMPROVEMENT;-DIRECT ASSISTANCE TO HEALTH CENTERS AND COMPLEMENTARY NONPROFITS IN PLANNING AND FINANCING OPERATIONAL GROWTH AND CAPITAL NEEDS.

    Expenses $2,441,798 · Revenue $1,671,628

As filed on the 2023 return.

Listed in Part VII

  • Anita Addison

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Cheri Rinehart

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Dick Bohrer

    OUTGOING BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Kyu Rhee

    BOARD 1ST VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • E Benjamin Money Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Greg Wilmot

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Henry Taylor

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Henry Tuttle

    OUTGOING BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • James W Hunt Jr PhD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • John Callahan

    OUTGOING BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Maria Coppenrath

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Andry

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Curry Esq

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Rachel Gonzales-Hanson

    BOARD 2ND VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Robert Gomez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Sue Joss

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Lorenda Hanieva

    DIRECTOR OF FINANCE

    Total calculated
    $183,721
    From this org
    $161,653
    From related orgs
    $0
    Other
    $22,068
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,078
    Bonus
    $14,481
    Other
    $94
    Deferred
    $11,404
    Nontaxable benefits
    $10,664
    Filer's total
    $183,721

  • Rebecca Regan

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $416,210
    From this org
    $360,994
    From related orgs
    $0
    Other
    $55,216
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $323,855
    Bonus
    $30,965
    Other
    $6,174
    Deferred
    $25,136
    Nontaxable benefits
    $30,080
    Filer's total
    $416,210

  • Alice Edwards

    CHIEF PROJECT OFFICER

    Total calculated
    $191,915
    From this org
    $155,992
    From related orgs
    $0
    Other
    $35,923
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,209
    Bonus
    $12,509
    Other
    $274
    Deferred
    $11,317
    Nontaxable benefits
    $24,606
    Filer's total
    $191,915

  • Brandon Boyle

    DIRECTOR OF LOAN PROGRAMS

    Total calculated
    $289,107
    From this org
    $264,485
    From related orgs
    $0
    Other
    $24,622
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $224,503
    Bonus
    $22,644
    Other
    $17,338
    Deferred
    $20,000
    Nontaxable benefits
    $4,622
    Filer's total
    $289,107

  • Susan Petrie

    CHIEF OPERATING OFFICER

    Total calculated
    $411,161
    From this org
    $373,051
    From related orgs
    $0
    Other
    $38,110
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,880
    Bonus
    $35,000
    Other
    $207,171
    Deferred
    $23,119
    Nontaxable benefits
    $14,991
    Filer's total
    $411,161

  • David Kleiber

    SENIOR PROJECT CONSULTANT

    Total calculated
    $169,525
    From this org
    $157,911
    From related orgs
    $0
    Other
    $11,614
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,000
    Bonus
    $12,911
    Other
    $0
    Deferred
    $11,054
    Nontaxable benefits
    $560
    Filer's total
    $169,525

  • Jennifer Saber

    DIRECTOR OF HEALTH ANALYTICS

    Total calculated
    $219,235
    From this org
    $181,418
    From related orgs
    $0
    Other
    $37,817
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,593
    Bonus
    $16,219
    Other
    $606
    Deferred
    $12,948
    Nontaxable benefits
    $24,869
    Filer's total
    $219,235

  • Jessica Brooks

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $152,600
    From this org
    $142,754
    From related orgs
    $0
    Other
    $9,846
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,269
    Bonus
    $8,386
    Other
    $2,099
    Deferred
    $9,846
    Nontaxable benefits
    $0
    Filer's total
    $152,600

  • Samantha Schmitt

    SENIOR PROJECT CONSULTANT

    Total calculated
    $160,410
    From this org
    $138,203
    From related orgs
    $0
    Other
    $22,207
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,523
    Bonus
    $6,600
    Other
    $80
    Deferred
    $9,790
    Nontaxable benefits
    $12,417
    Filer's total
    $160,410

  • Steven Skapinsky

    SENIOR PROJECT CONSULTANT

    Total calculated
    $212,572
    From this org
    $167,020
    From related orgs
    $0
    Other
    $45,552
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,548
    Bonus
    $16,647
    Other
    $825
    Deferred
    $12,037
    Nontaxable benefits
    $33,515
    Filer's total
    $212,572

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
THE FOLLOWING INDIVIDUALS PARTICPATE IN 457(F) PLAN: - REBECCA REGAN, CEO - BRANDON BOYLE, DIRECTOR OF LOAN PROGRAMS IN 2023, SUSAN PETRIE HAD VESTED AMOUNT $161,425 AND BRANDON BOYLE HAD VESTED AMOUNT 16,538. AMOUNT IS INCLUDED ON SCHEDULE J, PART II, COLUMN B(III).
PART I, LINE 7
THE BELOW INDIVIDUALS RECEIVED BONUSES IN CALENDAR YEAR 2023. THESE BONUSES WERE NOT CONTINGENT ON THE REVENUES OR NET EARNINGS OF THE ORGANIZATION: REBECCA REGAN - $30,965 SUSAN PETRIE - $35,000 JENNIFER SABER - $16,219 STEVEN SKAPINSKY - $16,647 ALICE EDWARDS - $12,509 LORENDA HANIEVA - $14,481 DAVID KLEIBER - $12,911 SAMANTHA SCHMITT - $6,600 ELINA JAKOBSON - $5,701 JESSICA BROOKS - $8,386

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • CAPITAL FUND NMTC CDE #2 LLC

    TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE

  • CAPITAL FUND NMTC CDE #3 LLC

    TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE

  • CAPITAL FUND NMTC CDE #4 LLC

    TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE

  • CAPITAL FUND NMTC CDE #5 LLC

    TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE

  • CAPITAL FUND NMTC CDE #6 LLC

    TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE

  • CAPITAL FUND NMTC CDE #9 LLC

    TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE

  • CAPITAL FUND NMTC CDE #10 LLC

    TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE

  • CAPITAL FUND NMTC CDE #11 LLC

    TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE

  • CAPITAL FUND NMTC CDE #12 LLC

    TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE

  • CAPITAL FUND NMTC CDE #13 LLC

    TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE

  • CAPITAL FUND NMTC CDE #14 LLC

    TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE

  • CAPITAL FUND NMTC CDE #15 LLC

    TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE

  • CAPITAL FUND NMTC CDE #16 LLC

    TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CAPITAL FUND NMTC CDE #7 LLC

    C · TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · MA

  • CAPITAL FUND NMTC CDE #8 LLC

    C · TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · MA

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202521349349300117

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