Capital Link INC FY2020 filing

Tax-deductible

Boston, MA501(c)(3)Since 1987Health CareEIN 52-1593251Revenue $3.2M in FY2020

On file with the IRScaplink.org40 Court St FL 10, 02108-2212 · Boston, MATax-exempt since Mar 1992Publicly supported — 509(a)(2)

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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.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
$1.4M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $828K a year · 21% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.4M
to officers and key staff · 44% of spending
Concern: pay to officers and key staff is 44% of spending; over 30%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $659K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.5M
65% of total assets
Fine: liabilities are 65% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
13
of 14 voting members
Looks good: 13 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.2M
Spent
$3.1M
To programs
76%
Net assets
$795K
By yearFY2020–FY2025
Revenue
$3.2M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$3.2M
FY2021$3.7M
FY2022$3.4M
FY2023$3.1M
FY2024$6.5M
FY2025$4.1M
Expenses
$3.1M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$3.1M
FY2021$3.2M
FY2022$3.3M
FY2023$2.8M
FY2024$3.2M
FY2025$3.5M
Net assets
$795K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$795K
FY2021$1.3M
FY2022$1.4M
FY2023$1.8M
FY2024$5.0M
FY2025$5.6M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1992.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $2.3M Management & general 24% · $730K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

21 people listed on the 990; $1.4M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$400,168Pt VII · Sec A
$249,480Pt VII · Sec A
Chief Project Officer
$169,319Pt VII · Sec A
Director of Loan Programs
$155,417Pt VII · Sec A
Director of Data and Analysis
$143,685Pt VII · Sec A
Finance Director
$130,649Pt VII · Sec A
Project Consultant
$108,312Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Rebecca Regan’s $417K as Chief Executive Officer is at the 95th percentile of top reported officer pay among 3128 $1–10M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Allison Coleman——$887,383$427,670$413,075$400,168
Rebecca Regan$416,741$360,994$160,066———
Susan Petrie—$373,051$295,519$277,473$262,907$249,480
Brandon Boyle$244,153$264,485$196,281$184,203$172,168$155,417
Jonathan Chapman——$202,879$187,157$176,953$169,319
Alice Edwards$185,459$155,992————
Jennifer Saber—$181,418$166,446$159,033——
Steven Skapinsky$179,095$167,020$125,030$118,690—$108,312

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps community health centers plan and fund projects to expand healthcare access.

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Provided by the organization

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1 program · $2.3M · in their own filed words · FY2019
01

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…

$2.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 4 funders$659K
See all 4 funders →
Grants paid · 1 grant · $124K · 2020–2020

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$3.2M
Ln 12
Fees for servicesLn 2g$2.1M
Gifts and grantsLn 1h$1.1M
Investment incomeLn 3$7K
Money outPt IX
$3.1M
Ln 25
Programscol B$2.3M
Managementcol C$730K
Owns and owesPt X
$795K
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$2.3M
LiabilitiesLn 26$1.5M
PeoplePt VI, VII
21
listed · VII A
PaidVII A7
Voting boardVI 1a14
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Government grantsLn 1e$1.1M
Fees for servicesLn 2g$2.1M
Investment incomeLn 3$7K
Other incomeLn 4–11$2K
Gains on assetsLn 7$9
Total revenueLn 12$3.2M
Assets in detailPt X, end of year
CashLn 1$1.4M
SavingsLn 2$216K
Cash and savings togetherLn 1–2$1.6M
InvestmentsLn 11–13$296K
Land, buildings, equipmentLn 10c$12K
Other assetsLn 15$43K
Total assetsLn 16$2.3M
LiabilitiesLn 26$1.5M
Net assetsLn 32$795K
OperationsPt I, VI
EmployeesI 544
VolunteersI 614
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$923K$1.6M
InvestmentsLn 11–13$213K$296K
Land, buildings, equipmentLn 10c$21K$12K
Total assetsLn 16$1.6M$2.3M
LiabilitiesLn 26$929K$1.5M
Net assetsLn 32$646K$795K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$703K$475K$228K
Other salaries and wagesLn 7$1.4M$1.1M$285K
Pension plan contributionsLn 8$167K$137K$29K
Other employee benefitsLn 9$71K$57K$14K
Payroll taxesLn 10$181K$116K$65K
Legal feesLn 11b$391$297$94
Accounting feesLn 11c$17K$13K$4K
Investment management feesLn 11f$3K$3K
Other fees for servicesLn 11g$23K$21K$2K
Advertising and promotionLn 12$15K$12K$3K
Office expensesLn 13$47K$36K$12K
Information technologyLn 14$92K$70K$23K
OccupancyLn 16$173K$130K$42K
TravelLn 17$75K$74K$1K
Conferences, conventions and meetingsLn 19$12K$12K
Depreciation, depletion and amortizationLn 22$8K$6K$2K
InsuranceLn 23$23K$17K$6K
Other expenses (24a–d)Ln 24$58K$46K$13K
Total functional expensesLn 25$3.1M$2.3M$730K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.1M$3.5M$589K$5.6M 990 PDF
FY2024 $6.5M$3.2M$3.2M$5.0M 990 PDF
FY2023 $3.1M$2.8M$327K$1.8M 990 PDF
FY2022 $3.4M$3.3M$180K$1.4M 990 PDF
FY2021 $3.7M$3.2M$495K$1.3M 990 PDF
FY2020 Viewing $3.2M$3.1M$150K$795K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $3,228,101 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,048,445$1,112,155
I-9 Program service revenuePrior year $2,036,523$2,107,755
I-10 Investment incomePrior year $6,060$6,553
I-11 Other revenuePrior year $5,596$1,638
I-12 Total revenuePrior year $3,096,624$3,228,101
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,541,199$2,529,980
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $660,475$547,855
I-18 Total expensesPrior year $3,201,674$3,077,835
I-19 Revenue less expensesPrior year −$105,050$150,266
Part VI · Governance 13 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,228,101 across 8 lines filed
VIII-1d Related organizations$42,100
VIII-1e Government grants$1,070,055
VIII-1h Total contributions, gifts and grants$1,112,155
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,107,755$2,107,755
VIII-3 Investment incomeExcluded from tax $6,544$6,544
VIII-7 Net gain or loss on sales of assetsExcluded from tax $9$9
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,638$1,638
VIII-12 Total revenueRelated to mission $2,109,393 · Unrelated business $0 · Excluded from tax $6,553$3,228,101
Part IX · Statement of functional expenses $3,077,835 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $474,663 · Management $227,938$702,601
IX-7 Other salaries and wagesPrograms $1,124,961 · Management $284,540$1,409,501
IX-8 Pension plan contributionsPrograms $137,298 · Management $29,332$166,630
IX-9 Other employee benefitsPrograms $56,930 · Management $13,709$70,639
IX-10 Payroll taxesPrograms $115,721 · Management $64,888$180,609
IX-11b Legal feesPrograms $297 · Management $94$391
IX-11c Accounting feesPrograms $12,782 · Management $4,036$16,818
IX-11f Investment management feesManagement $2,710$2,710
IX-11g Other fees for servicesPrograms $21,406 · Management $1,990$23,396
IX-12 Advertising and promotionPrograms $12,474 · Management $2,810$15,284
IX-13 Office expensesPrograms $35,599 · Management $11,524$47,123
IX-14 Information technologyPrograms $69,640 · Management $22,626$92,266
IX-16 OccupancyPrograms $130,297 · Management $42,333$172,630
IX-17 TravelPrograms $73,914 · Management $1,355$75,269
IX-19 Conferences, conventions and meetingsPrograms $12,114$12,114
IX-22 Depreciation, depletion and amortizationPrograms $6,395 · Management $2,078$8,473
IX-23 InsurancePrograms $17,301 · Management $5,621$22,922
IX-24 Other expenses (24a–d)Programs $45,692 · Management $12,767$58,459
IX-25 Total functional expensesPrograms $2,347,484 · Management $730,351 · Fundraising $0$3,077,835
Part X · Balance sheet $2,264,079 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $708,356$1,432,421
X-2 Savings and temporary cash investmentsStart of year $215,093$216,279
X-4 Accounts receivableStart of year $335,911$241,767
X-9 Prepaid expenses and deferred chargesStart of year $52,455$22,908
X-10c Land, buildings and equipment, netStart of year $20,920$11,624
X-11 Publicly traded securitiesStart of year $206,822$289,327
X-13 Program-related investmentsStart of year $6,598$6,602
X-15 Other assetsStart of year $29,615$43,151
X-16 Total assetsStart of year $1,575,770$2,264,079
X-17 Accounts payable and accrued expensesStart of year $861,343$907,755
X-19 Deferred revenueStart of year $68,080$85,825
X-25 Other liabilitiesStart of year $0$475,322
X-26 Total liabilitiesStart of year $929,423$1,468,902
X-27 Net assets without donor restrictionsStart of year $646,347$576,717
X-28 Net assets with donor restrictions$218,460
X-32 Total net assets or fund balancesStart of year $646,347$795,177
X-33 Total liabilities and net assetsStart of year $1,575,770$2,264,079
Part XI · Reconciliation of net assets $795,177 net assets at year end
XI-1 Total revenue$3,228,101
XI-2 Total expenses$3,077,835
XI-3 Revenue less expenses$150,266
XI-4 Net assets at start of year$646,347
XI-5 Net unrealized gains (losses) on investments−$1,436
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$795,177

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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