Capital Link INC FY2021 filing

Tax-deductible

Boston, MA501(c)(3)Since 1987Health CareEIN 52-1593251Revenue $3.7M in FY2021

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.
79¢ 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

FY2021 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $876K a year · 22% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% 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 · 45% of spending
Concern: pay to officers and key staff is 45% of spending; over 30%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.1 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
$1.3M
50% of total assets
Looks good: liabilities are 50% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 15 voting members
Looks good: 14 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.7M
+13% vs prior year
Spent
$3.2M
To programs
79%
Net assets
$1.3M
By yearFY2020–FY2024
Revenue
$3.7M
FY2021▲ +13%
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
FY2024$4.1M
Expenses
$3.2M
FY2021▲ +3%
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
FY2024$3.5M
Net assets
$1.3M
FY2021▲ +66%
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
FY2024$5.6M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1992.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $2.5M Management & general 21% · $671K

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

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

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$413,075Pt VII · Sec A
$262,907Pt VII · Sec A
Chief Project Officer
$176,953Pt VII · Sec A
Director of Loan Programs
$172,168Pt VII · Sec A
Director of Data and Analysis
$152,099Pt VII · Sec A
Finance Director
$136,274Pt VII · Sec A
Loan Officer
$112,109Pt 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

NameFY2024FY2024FY2023FY2022FY2021FY2020
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.

Questions for Capital Link INC

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Provided by the organization

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1 program · $2.5M · in their own filed words · FY2020
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…

$2.5Mprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$3.7M
Ln 12
Gifts and grantsLn 1h$1.9M
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$8K
Money outPt IX
$3.2M
Ln 25
Programscol B$2.5M
Managementcol C$671K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$2.6M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
23
listed · VII A
PaidVII A7
Voting boardVI 1a15
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.9M
Government grantsLn 1e$1.8M
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$8K
Other incomeLn 4–11$6K
Gains on assetsLn 7−$188
Total revenueLn 12$3.7M
Assets in detailPt X, end of year
CashLn 1$245K
SavingsLn 2$1.3M
Cash and savings togetherLn 1–2$1.6M
InvestmentsLn 11–13$492K
Land, buildings, equipmentLn 10c$18K
Other assetsLn 15$36K
Total assetsLn 16$2.6M
LiabilitiesLn 26$1.3M
Net assetsLn 32$1.3M
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 FY21End FY21
Cash and savingsLn 1–2$1.6M$1.6M
InvestmentsLn 11–13$296K$492K
Land, buildings, equipmentLn 10c$12K$18K
Total assetsLn 16$2.3M$2.6M
LiabilitiesLn 26$1.5M$1.3M
Net assetsLn 32$795K$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$124K$124K
Pay of current officers, directors and key staffLn 5$759K$492K$267K
Other salaries and wagesLn 7$1.3M$1.1M$193K
Pension plan contributionsLn 8$233K$197K$36K
Other employee benefitsLn 9$78K$66K$12K
Payroll taxesLn 10$187K$125K$62K
Legal feesLn 11b$609$475$134
Accounting feesLn 11c$18K$14K$4K
Investment management feesLn 11f$3K$3K
Other fees for servicesLn 11g$48K$42K$6K
Advertising and promotionLn 12$27K$21K$6K
Office expensesLn 13$43K$34K$10K
Information technologyLn 14$74K$57K$16K
OccupancyLn 16$159K$124K$35K
Conferences, conventions and meetingsLn 19$15K$15K
Depreciation, depletion and amortizationLn 22$4K$3K$989
InsuranceLn 23$29K$22K$6K
Other expenses (24a–d)Ln 24$58K$46K$12K
Total functional expensesLn 25$3.2M$2.5M$671K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
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 Viewing $3.7M$3.2M$495K$1.3M 990 PDF
FY2020 $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 FY2021 990 (6 parts)
Part I · Summary $3,653,939 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,112,155$1,947,877
I-9 Program service revenuePrior year $2,107,755$1,691,128
I-10 Investment incomePrior year $6,553$8,492
I-11 Other revenuePrior year $1,638$6,442
I-12 Total revenuePrior year $3,228,101$3,653,939
I-13 Grants and similar amounts paidPrior year $0$123,584
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,529,980$2,556,805
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $547,855$478,613
I-18 Total expensesPrior year $3,077,835$3,159,002
I-19 Revenue less expensesPrior year $150,266$494,937
Part VI · Governance 14 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members14
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 $3,653,939 across 8 lines filed
VIII-1d Related organizations$129,000
VIII-1e Government grants$1,818,877
VIII-1h Total contributions, gifts and grants$1,947,877
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,691,128$1,691,128
VIII-3 Investment incomeExcluded from tax $8,680$8,680
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$188−$188
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,442$6,442
VIII-12 Total revenueRelated to mission $1,697,570 · Unrelated business $0 · Excluded from tax $8,492$3,653,939
Part IX · Statement of functional expenses $3,159,002 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $123,584$123,584
IX-5 Pay of current officers, directors and key staffPrograms $491,722 · Management $266,785$758,507
IX-7 Other salaries and wagesPrograms $1,106,999 · Management $193,430$1,300,429
IX-8 Pension plan contributionsPrograms $196,988 · Management $36,107$233,095
IX-9 Other employee benefitsPrograms $66,203 · Management $12,044$78,247
IX-10 Payroll taxesPrograms $124,581 · Management $61,946$186,527
IX-11b Legal feesPrograms $475 · Management $134$609
IX-11c Accounting feesPrograms $14,253 · Management $4,020$18,273
IX-11f Investment management feesManagement $3,004$3,004
IX-11g Other fees for servicesPrograms $41,810 · Management $5,811$47,621
IX-12 Advertising and promotionPrograms $20,766 · Management $5,960$26,726
IX-13 Office expensesPrograms $33,577 · Management $9,605$43,182
IX-14 Information technologyPrograms $57,342 · Management $16,463$73,805
IX-16 OccupancyPrograms $123,516 · Management $35,461$158,977
IX-19 Conferences, conventions and meetingsPrograms $14,673$14,673
IX-22 Depreciation, depletion and amortizationPrograms $3,447 · Management $989$4,436
IX-23 InsurancePrograms $22,451 · Management $6,445$28,896
IX-24 Other expenses (24a–d)Programs $46,015 · Management $12,396$58,411
IX-25 Total functional expensesPrograms $2,488,402 · Management $670,600 · Fundraising $0$3,159,002
Part X · Balance sheet $2,622,518 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $1,432,421$244,836
X-2 Savings and temporary cash investmentsStart of year $216,279$1,348,597
X-4 Accounts receivableStart of year $241,767$463,228
X-9 Prepaid expenses and deferred chargesStart of year $22,908$19,705
X-10c Land, buildings and equipment, netStart of year $11,624$17,602
X-11 Publicly traded securitiesStart of year $289,327$485,476
X-13 Program-related investmentsStart of year $6,602$6,602
X-15 Other assetsStart of year $43,151$36,472
X-16 Total assetsStart of year $2,264,079$2,622,518
X-17 Accounts payable and accrued expensesStart of year $907,755$1,172,481
X-19 Deferred revenueStart of year $85,825$127,842
X-25 Other liabilitiesStart of year $475,322$0
X-26 Total liabilitiesStart of year $1,468,902$1,300,323
X-27 Net assets without donor restrictionsStart of year $576,717$1,131,863
X-28 Net assets with donor restrictionsStart of year $218,460$190,332
X-32 Total net assets or fund balancesStart of year $795,177$1,322,195
X-33 Total liabilities and net assetsStart of year $2,264,079$2,622,518
Part XI · Reconciliation of net assets $1,322,195 net assets at year end
XI-1 Total revenue$3,653,939
XI-2 Total expenses$3,159,002
XI-3 Revenue less expenses$494,937
XI-4 Net assets at start of year$795,177
XI-5 Net unrealized gains (losses) on investments$32,081
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,322,195

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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