Capital Link Inc
- Assets
- $2.4m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 39
- Location
- Boston, MA
- Founding
- 03/1992
- Data as of
- 06/2023
- EIN
- 52-1593251
Organization Overview
Capital Link Inc is located in Boston, MA. The organization was established in 1992. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 06/2023, Capital Link Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital Link Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Capital Link Inc generated $3.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $2.8m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anita Addison Board Member | Trustee | 0.5 | $0 |
Cheri Rinehart Board Member | Trustee | 0.5 | $0 |
Dick Bohrer Board Member | Trustee | 0.5 | $0 |
E Benjamin Money Jr Board 1st Vice Chair | OfficerTrustee | 0.5 | $0 |
Henry Taylor Board Member | Trustee | 0.5 | $0 |
Henry Tuttle Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Healthmetrics Program Consulting | 6/29/17 | $136,153 |
Massachusetts League Of Community Health It And Admin | 6/29/17 | $118,419 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $94,361 |
| Government grants | $1,214,350 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,308,711 |
| Total Program Service Revenue | $1,797,142 |
| Investment income | $27,292 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,919 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,139,756 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $448,708 |
| Compensation of current officers, directors, key employees. | $96,153 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,269,486 |
| Pension plan accruals and contributions | $302,323 |
| Other employee benefits | $30,434 |
| Payroll taxes | $217,049 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,841 |
| Fees for services: Accounting | $23,449 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,546 |
| Fees for services: Other | $133,163 |
| Advertising and promotion | $5,710 |
| Office expenses | $39,322 |
| Information technology | $44,993 |
| Royalties | $0 |
| Occupancy | $72,564 |
| Travel | $69,179 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $56,820 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,660 |
| Insurance | $29,297 |
| All other expenses | $44,930 |
| Total functional expenses | $2,812,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $933,813 |
| Savings and temporary cash investments | $1,040,360 |
| Pledges and grants receivable | $220,494 |
| Accounts receivable, net | $90,878 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $32,234 |
| Net Land, buildings, and equipment | $18,698 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,944 |
| Intangible assets | $0 |
| Other assets | $67,504 |
| Total assets | $2,405,925 |
| Accounts payable and accrued expenses | $612,497 |
| Grants payable | $0 |
| Deferred revenue | $33,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $645,497 |
| Net assets without donor restrictions | $1,745,840 |
| Net assets with donor restrictions | $14,588 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,405,925 |