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Nonprofiteer
← LINKS FOUNDATION INC

Form 990 for tax year 2023

Filed by LINKS FOUNDATION INC.

Totals

Total revenue
$13,309,575
Total expenses
$10,062,152
Contributions and grants received
$12,286,491
Grants paid
$8,046,129
Program service revenue
$722,890
Investment income
$145,025
Other revenue
$155,169
Total assets, end of year
$27,646,397
Total liabilities, end of year
$2,091,160
Net assets or fund balances, end of year
$25,555,237
Program services expenses (Part IX)
$9,195,323
Management and general expenses
$866,829
Fundraising expenses
$0
Program service expenses (Part III)
$9,195,323

Program services were 91.4% 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.

  • 1b · Membership dues

    $736,292

  • 1f · All other contributions, gifts and grants

    $11,550,199

  • 2a · Program service revenue: OTHER PROGRAM REVENUE

    total $402,890 · related or exempt $402,890

  • 2b · Program service revenue: PARTNERSHIP REVENUE

    total $320,000 · related or exempt $320,000

  • 3 · Investment income

    total $170,213 · excluded $170,213

  • 6a · Gross rents

    real property $142,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $142,000

  • 6d · Net rental income or loss

    total $142,000 · excluded $142,000

  • 7a · Gross sales of assets other than inventory

    securities $335,775

  • 7b · Less cost or other basis and sales expenses

    securities $360,963

  • 7c · Gain or loss

    securities -$25,188

  • 7d · Net gain or loss

    total -$25,188 · excluded -$25,188

  • 11a · Other revenue: LATE FEES

    total $6,700 · excluded $6,700

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $6,469 · excluded $6,469

  • 11e · Other revenue, total

    $13,169

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,046,129 · program services $8,046,129

  • 5 · Compensation of officers, directors and key employees

    total $125,002 · program services $25,000 · management and general $100,002

  • 7 · Other salaries and wages

    total $187,078 · program services $131,040 · management and general $56,038

  • 10 · Payroll taxes

    total $24,306 · program services $11,937 · management and general $12,369

  • 11c · Fees: accounting

    total $30,282 · management and general $30,282

  • 11f · Fees: investment management

    total $40,273 · management and general $40,273

  • 11g · Fees: other

    total $139,253 · program services $65,797 · management and general $73,456

  • 13 · Office expenses

    total $128,850 · program services $57,440 · management and general $71,410

  • 14 · Information technology

    total $188,099 · program services $73,003 · management and general $115,096

  • 16 · Occupancy

    total $241,423 · program services $121,949 · management and general $119,474

  • 17 · Travel

    total $476,523 · program services $467,533 · management and general $8,990

  • 19 · Conferences, conventions and meetings

    total $8,167 · program services $8,167

  • 22 · Depreciation, depletion and amortization

    total $203,784 · program services $101,892 · management and general $101,892

  • 23 · Insurance

    total $138,708 · program services $34,677 · management and general $104,031

  • 24a · Other expenses: MERCHANT FEES

    total $37,661 · program services $24,160 · management and general $13,501

  • 24b · Other expenses: LICENSES & PERMITS

    total $22,237 · program services $14,265 · management and general $7,972

  • 24c · Other expenses: EQUIPMENT AND RENTAL

    total $8,332 · program services $1,787 · management and general $6,545

  • 24d · Other expenses: TEMPORARY HELP

    total $6,318 · program services $2,452 · management and general $3,866

  • 24e · All other expenses

    total $9,727 · program services $8,095 · management and general $1,632

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,083,454 · end of year $16,455,074

  • 2 · Savings and temporary cash investments

    beginning of year $1,818,367 · end of year $702,887

  • 4 · Accounts receivable

    beginning of year $141,707 · end of year $126,324

  • 9 · Prepaid expenses and deferred charges

    beginning of year $30,234 · end of year $158,131

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

    $8,571,905

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

    $4,840,885

  • 10c · Land, buildings and equipment, net

    beginning of year $3,929,783 · end of year $3,731,020

  • 11 · Investments: publicly traded securities

    beginning of year $4,013,139 · end of year $6,472,961

  • 17 · Accounts payable and accrued expenses

    beginning of year $93,572 · end of year $71,964

  • 18 · Grants payable

    beginning of year $750,000 · end of year $500,000

  • 19 · Deferred revenue

    beginning of year $1,286,755 · end of year $1,332,920

  • 25 · Other liabilities

    beginning of year $206,756 · end of year $186,276

  • 27 · Net assets without donor restrictions

    beginning of year $8,036,297 · end of year $9,640,495

  • 28 · Net assets with donor restrictions

    beginning of year $13,643,304 · end of year $15,914,742

Mission and programs · 2023

Mission

PROMOTING AND ENGAGING IN EDUCATIONAL, CIVIC AND INTERCULTURAL ACTIVITIES IN ORDER TO ENRICH THE LIVES OF MEMBERS OF THE LARGER COMMUNITY.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • COMMUNITY SERVICES ACTIVITIES - THE FOUNDATION HAS ESTABLISHED VARIOUS PROGRAMS TO INFLUENCE AND RAISE AWARENESS ABOUT ISSUES AFFECTING THE AFRICAN-AMERICAN COMMUNITY, LOCALLY AND ABROAD. THESE PROGRAMS ARE DESIGNATED AMONGST FIVE MAJOR CATEGORIES - NATIONAL TRENDS AND SERVICES, INTERNATIONAL TRENDS AND SERVICES, SERVICES TO YOUTH, HEALTH AND HUMAN SERVICE, AND THE ARTS. THESE ISSUES INCLUDE HEALTHY LIFESTYLES, ACADEMIC, ACHIEVEMENT, ECONOMIC INDEPENDENCE, INTERNATIONAL LITERACY, ASSISTING YOUTH REALIZING THEIR FULL POTENTIAL AND ENCOURAGE APPRECIATION OF A SUPPORT FOR CULTURAL INVOLVEMENT AND ENRICHMENT.

    Expenses $9,195,323 · Grants $8,046,129 · Revenue $722,890

As filed on the 2023 return.

Listed in Part VII

  • Ethel Isaacs Williams

    NATIONAL PRESIDENT

    Total calculated
    $0
    Hours/week
    8 + 8 related

  • Shuana Tucker-Sims

    NATIONAL VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    8 + 8 related

  • Sharon Dixon Gentry

    NATIONAL RECORDING SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Marcia L Page

    NATIONAL TREASURER

    Total calculated
    $0
    Hours/week
    8 + 8 related

  • Tyna D Davis

    NATIONAL PARLIAMENTARIAN

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Arelen Isaacs-Lowe

    FINANCIAL SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Esther Silver-Parker

    DIRECTOR OF PHILANTHROPY

    Total calculated
    $0
    Hours/week
    2

  • Rosalind Hudnell

    NATIONAL CHAIR, FUND DEVELOPMENT

    Total calculated
    $0
    Hours/week
    2

  • Michele Hagans

    NATIONAL CHAIR, BUILDING OPERATIONS

    Total calculated
    $0
    Hours/week
    2

  • Stephanie Mays Boyd

    NATIONAL CHAIR, CORPORATE RELATIONS

    Total calculated
    $0
    Hours/week
    2

  • Tysus Jackson

    NATIONAL CHAIR, STRATEGIC PARTNERSHIP

    Total calculated
    $0
    Hours/week
    2

  • Karen J Morrison

    NATIONAL CHAIR, GLOBAL LEADERS CIRCLE

    Total calculated
    $0
    Hours/week
    2

  • Kim Keenan

    NATIONAL CHAIR, LEGAL AFFAIRS

    Total calculated
    $0
    Hours/week
    2

  • Carolyn Lewis

    NATIONAL AUDIT CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Martha Robinson

    CENTRAL AREA REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    2

  • Beverly Roberts-Atwater

    EASTERN AREA REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    2

  • Kimberly Cameron

    SOUTHERN AREA REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    2

  • Alane Lillie

    WESTERN AREA REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    2

  • Gwendolyn E Boyd

    EXECUTIVE DIRECTOR, (FROM 1/19/23)

    Total calculated
    $115,386
    From this org
    $0
    From related orgs
    $115,386
    Other
    $0
    Hours/week
    40

  • Mehari R Debas

    DIRECTOR OF FINANCE

    Total calculated
    $164,366
    From this org
    $0
    From related orgs
    $147,520
    Other
    $16,846
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $147,520 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,426 related
    Nontaxable benefits
    $0 + $12,420 related
    Filer's total
    $0 + $164,366 related

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

None.

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

The filer's explanations (Part III)

PART I, LINE 3
LINKS FOUNDATION RELIES ON A RELATED ORGANIZATION, LINKS, INC., TO DETERMINE COMPENSATION OF OFFICERS. LINKS, INC. USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: - COMPENSATION COMMITTEE - COMPENSATION SURVEY OR STUDY

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
26 February 2025
IRS schema version
2023v6.0
Source object
202540579349301409

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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