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Nonprofiteer
← NATIONAL LINKS TRUST

Form 990 for tax year 2022

Filed by NATIONAL LINKS TRUST.

Totals

Total revenue
$10,008,973
Total expenses
$8,352,380
Contributions and grants received
$1,814,015
Grants paid
$0
Program service revenue
$7,506,371
Investment income
$53,191
Other revenue
$635,396
Total assets, end of year
$12,187,276
Total liabilities, end of year
$4,606,696
Net assets or fund balances, end of year
$7,580,580
Program services expenses (Part IX)
$7,796,438
Management and general expenses
$203,118
Fundraising expenses
$352,824
Program service expenses (Part III)
$7,796,438

Program services were 93.3% 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.

  • 1c · Fundraising events

    $703,287

  • 1f · All other contributions, gifts and grants

    $1,110,728

  • 1g · Noncash contributions included above

    $192,033

  • 2a · Program service revenue: GOLF COURSE REVENUE

    total $7,506,371 · related or exempt $7,506,371

  • 3 · Investment income

    total $53,191 · excluded $53,191

  • 8a · Fundraising events: gross income

    $251,723

  • 8a · Fundraising events: contributions included on line 1c

    $703,287

  • 8b · Fundraising events: direct expenses

    $409,884

  • 8c · Net income from fundraising events

    total -$158,161 · excluded -$158,161

  • 10a · Gross sales of inventory

    $1,756,887

  • 10b · Cost of goods sold

    $963,330

  • 10c · Net income from sales of inventory

    total $793,557 · related or exempt $793,557

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $206,446 · program services $103,785 · management and general $34,821 · fundraising $67,840

  • 7 · Other salaries and wages

    total $166,633 · program services $90,871 · management and general $31,165 · fundraising $44,597

  • 9 · Other employee benefits

    total $10,995 · program services $5,549 · management and general $791 · fundraising $4,655

  • 10 · Payroll taxes

    total $26,651 · program services $13,892 · management and general $4,634 · fundraising $8,125

  • 11a · Fees: management

    total $150,000 · program services $150,000

  • 11b · Fees: legal

    total $875 · program services $875

  • 11e · Fees: professional fundraising services

    total $106,979 · fundraising $106,979

  • 11g · Fees: other

    total $4,169,793 · program services $4,065,594 · management and general $98,424 · fundraising $5,775

  • 12 · Advertising and promotion

    total $101,136 · program services $80,869 · fundraising $20,267

  • 13 · Office expenses

    total $815,634 · program services $766,542 · management and general $9,256 · fundraising $39,836

  • 16 · Occupancy

    total $305,927 · program services $302,227 · management and general $3,700

  • 17 · Travel

    total $34,712 · program services $16,630 · management and general $18,082

  • 20 · Interest

    total $94,772 · program services $94,772

  • 22 · Depreciation, depletion and amortization

    total $623,529 · program services $622,600 · management and general $929

  • 23 · Insurance

    total $137,718 · program services $137,208 · management and general $510

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $1,107,529 · program services $1,107,529

  • 24b · Other expenses: EVENTS AND PROGRAMMING

    total $125,710 · program services $125,710

  • 24c · Other expenses: TAXES AND PERMITS

    total $80,973 · program services $80,803 · management and general $170

  • 24d · Other expenses: BAD DEBT

    total $54,750 · fundraising $54,750

  • 24e · All other expenses

    total $31,618 · program services $30,982 · management and general $636

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,703,285 · end of year $1,216,347

  • 2 · Savings and temporary cash investments

    beginning of year $4,330,781 · end of year $5,661,321

  • 3 · Pledges and grants receivable

    beginning of year $735,992 · end of year $232,361

  • 4 · Accounts receivable

    beginning of year $30,903 · end of year $49,358

  • 8 · Inventories for sale or use

    beginning of year $86,858 · end of year $228,506

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,307 · end of year $73,085

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

    $2,977,985

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

    $473,009

  • 10c · Land, buildings and equipment, net

    beginning of year $2,020,877 · end of year $2,504,976

  • 15 · Other assets

    beginning of year $0 · end of year $2,221,322

  • 17 · Accounts payable and accrued expenses

    beginning of year $569,534 · end of year $553,755

  • 19 · Deferred revenue

    beginning of year $66,162 · end of year $97,899

  • 23 · Secured mortgages and notes payable

    beginning of year $951,751 · end of year $813,145

  • 25 · Other liabilities

    beginning of year $1,402,569 · end of year $3,141,897

  • 27 · Net assets without donor restrictions

    beginning of year $3,484,959 · end of year $4,712,259

  • 28 · Net assets with donor restrictions

    beginning of year $2,439,028 · end of year $2,868,321

Mission and programs · 2022

Mission

NATIONAL LINKS TRUST, A 501(C)(3) NON PROFIT, IS DEDICATED TO PROTECTING AND PROMOTING ACCESSIBLE, AFFORDABLE, AND ENGAGING MUNICIPAL GOLF COURSES TO POSITIVELY IMPACT LOCAL COMMUNITIES ACROSS THE UNITED STATES OF AMERICA.

Activities or mission (Part I)

PROTECTING AND PROMOTING ACCESSIBLE, AFFORDABLE, AND ENGAGING MUNICIPAL GOLF COURSES TO POSITIVELY IMPACT LOCAL COMMUNITIES ACROSS THE UNITED STATES OF AMERICA.

  • NATIONAL LINKS TRUST (NLT) OPERATES THREE MUNICIPAL GOLF COURSES IN WASHINGTON, DC: EAST POTOMAC GOLF LINKS, LANGSTON GOLF COURSE AND ROCK CREEK PARK GOLF. THESE PROPERTIES GENERATE REVENUE THROUGH REGULAR GOLF COURSE OPERATIONS; HOWEVER, AS PART OF THE ORGANIZATION'S MISSION TO PROVIDE ACCESSIBLE, AFFORDABLE GOLF TO LOCAL COMMUNITIES, THE RATES ARE WELL BELOW MARKET VALUE. TO BETTER SERVE THE COMMUNITY OF GOLFERS IN WASHINGTON, DC, NLT INVESTED IN THE FOLLOWING IN 2022:- IMPROVING COURSE CONDITIONS THROUGH BETTER MAINTENANCE PRACTICES - ADDING TECHNOLOGY TO THE DRIVING RANGE EXPERIENCES TO BETTER SERVE CUSTOMERS WITHOUT SIGNIFICANT PRICE INCREASES- EXTENSIVE PLANNING AND REVIEW FOR THE EVENTUAL RENOVATION OF THE THREE COURSES. THIS INCLUDED ENGINEERING SERVICES, HISTORICAL SIGNIFICANCE REVIEW, AND ENVIRONMENTAL REVIEW.THE JACK VARDAMAN WORKFORCE DEVELOPMENT PROGRAM RETURNED FOR ANOTHER YEAR AT LANGSTON GOLF COURSE. THE PROGRAM WAS EXPANDED TO INCLUDE APPROXIMATELY 200 YOUTH AND ADOLESCENTS. THIS GROUP TOOK PART IN AN IMMERSIVE LEARNING EXPERIENCE DESIGNED TO EQUIP THEM WITH SKILLS IN AGRONOMY, TOURNAMENT ADMINISTRATION, GOLF COURSE OPERATIONS, AND CADDYING. WITH THIS, NLT IS LOOKING TO BUILD THE NEXT GENERATION OF GOLF COURSE PROFESSIONALS.A SIGNIFICANT FOCUS ON REMOVING INVASIVE VEGETATION FROM OUR PROPERTIES WAS MADE IN 2022. THROUGH A COMBINATION OF PAID AND VOLUNTEER WORK, NLT REMOVED MORE THAN SEVERAL HUNDRED SQUARE YARDS WORTH OF INVASIVE VEGETATION THAT HARMED THE LOCAL ECOSYSTEMS AND CONTRIBUTED TO POOR PLAYING CONDITIONS. THE RESULT OF THIS INVESTMENT HAS BEEN AN IMPROVED LOCAL ECOSYSTEM THAT CAN BETTER SERVE AS A HABITAT FOR NATIVE PLANTS AND ANIMALS, AS WELL AS IMPROVED COURSE CONDITIONS.

    Expenses $7,796,438 · Revenue $8,299,928

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael McCartin

    CHAIRMAN

    Total calculated
    $20,833
    From this org
    $20,833
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • Will Smith

    VICE CHAIRMAN

    Total calculated
    $20,833
    From this org
    $20,833
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • John Hong

    TREASURER

    Total calculated
    $10,417
    From this org
    $10,417
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Bancroft Gordon

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Tari Cash

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Alan Fadel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Kathryn Kennedy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Craig Kirby

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Penny Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Lisa Mitchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Steve Sayre

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Stuart Sicilano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Lemuel Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • William Spence

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Sinclair Eaddy

    PRESIDENT AND CEO

    Total calculated
    $154,362
    From this org
    $148,000
    From related orgs
    $0
    Other
    $6,362
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,000
    Bonus
    $18,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $6,362
    Filer's total
    $154,362

  • Clark Pastrick

    SR. PROJECT MANAGER

    Total calculated
    $120,726
    From this org
    $116,000
    From related orgs
    $0
    Other
    $4,726
    Hours/week
    40

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 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202343139349304469

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