National Links Trust
- Assets
- $12.2m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 4
- Location
- Washington, DC
- Founding
- Data as of
- 12/2022
- EIN
- 84-2249627
Organization Overview
National Links Trust is located in Washington, DC. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, National Links Trust employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Links Trust 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 12/2022, National Links Trust generated $10.0m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 56.5% each year . All expenses for the organization totaled $8.4m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROTECTING AND PROMOTING ACCESSIBLE, AFFORDABLE, AND ENGAGING MUNICIPAL GOLF COURSES TO POSITIVELY IMPACT LOCAL COMMUNITIES ACROSS THE UNITED STATES OF AMERICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Mccartin Chairman | OfficerTrustee | 15 | $20,833 |
Will Smith Vice Chairman | OfficerTrustee | 30 | $20,833 |
John Hong Treasurer | OfficerTrustee | 20 | $10,417 |
Bancroft Gordon Secretary | OfficerTrustee | 5 | $0 |
Tari Cash Director | Trustee | 5 | $0 |
Alan Fadel Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Honours Golf Company Llc Management Services | 12/30/22 | $150,000 |
Quinn Evans Architectural, Design And Planning Servi | 12/30/22 | $742,045 |
Cannon Group Llc Professional Services | 12/30/22 | $132,313 |
Turf Equipment & Supplies Irrigration System And Installation | 12/30/22 | $159,963 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $703,287 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,110,728 |
| Noncash contributions included in lines 1a–1f | $192,033 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,814,015 |
| Total Program Service Revenue | $7,506,371 |
| Investment income | $53,191 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$158,161 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $793,557 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,008,973 |
| 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. | $206,446 |
| Compensation of current officers, directors, key employees. | $34,821 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $166,633 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,995 |
| Payroll taxes | $26,651 |
| Fees for services: Management | $150,000 |
| Fees for services: Legal | $875 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $106,979 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,169,793 |
| Advertising and promotion | $101,136 |
| Office expenses | $815,634 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $305,927 |
| Travel | $34,712 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $94,772 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $623,529 |
| Insurance | $137,718 |
| All other expenses | $31,618 |
| Total functional expenses | $8,352,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,216,347 |
| Savings and temporary cash investments | $5,661,321 |
| Pledges and grants receivable | $232,361 |
| Accounts receivable, net | $49,358 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $228,506 |
| Prepaid expenses and deferred charges | $73,085 |
| Net Land, buildings, and equipment | $2,504,976 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,221,322 |
| Total assets | $12,187,276 |
| Accounts payable and accrued expenses | $553,755 |
| Grants payable | $0 |
| Deferred revenue | $97,899 |
| 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 | $813,145 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,141,897 |
| Total liabilities | $4,606,696 |
| Net assets without donor restrictions | $4,712,259 |
| Net assets with donor restrictions | $2,868,321 |
| 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 | $12,187,276 |