2023-11-09T14:31:22-06:00 2022-12-31 111986323 MARCUM LLP 1 RESEARCH COURT SUITE 400 ROCKVILLE MD 20850 990 2022-01-01 842249627 NATIONAL LINKS TRUST NATI 7039151568 331 7TH STREET NE WASHINGTON DC 20002 JOHN HONG TREASURER 7039151568 2023-11-09 1 JOHN HONG 999009999 0 MATTHEW DUVALL P01324790 3016913600 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN HONG 331 7TH STREET NE WASHINGTON DC 20002 11382187 0 X HTTPS://WWW.NATIONALLINKSTRUST.COM/ X 2019 DC PROTECTING AND PROMOTING ACCESSIBLE, AFFORDABLE, AND ENGAGING MUNICIPAL GOLF COURSES TO POSITIVELY IMPACT LOCAL COMMUNITIES ACROSS THE UNITED STATES OF AMERICA. 14 11 4 384 0 0 2652259 1814015 7582306 7506371 294 53191 558609 635396 10793468 10008973 0 0 0 0 232606 410725 248891 106979 352824 5873761 7834676 6355258 8352380 4438210 1656593 8914003 12187276 2990016 4606696 5923987 7580580 X NATIONAL LINKS TRUST, A 501(C)(3) NON PROFIT, IS DEDICATED TO PROTECTING AND PROMOTING ACCESSIBLE, AFFORDABLE, AND ENGAGING MUNICIPAL GOLF COURSES TO POSITIVELY IMPACT LOCAL COMMUNITIES ACROSS THE UNITED STATES OF AMERICA. 0 0 7796438 8299928 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. 7796438 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 21 0 1 4 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 14 11 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 0 0 AL AR CA FL GA HI IL KS MD MI MS NC NH NJ NM NY OK OR PA RI SC TN UT VA WI WV KY X JOHN HONG TREASURER 7039151568 331 7TH STREET NE WASHINGTON DC 20002 MICHAEL MCCARTIN CHAIRMAN 15.00 X X 20833 0 0 WILL SMITH VICE CHAIRMAN 30.00 X X 20833 0 0 JOHN HONG TREASURER 20.00 X X 10417 0 0 BANCROFT GORDON SECRETARY 5.00 X X 0 0 0 TARI CASH DIRECTOR 5.00 X 0 0 0 ALAN FADEL DIRECTOR 5.00 X 0 0 0 KATHRYN KENNEDY DIRECTOR 5.00 X 0 0 0 CRAIG KIRBY DIRECTOR 5.00 X 0 0 0 PENNY LEE DIRECTOR 5.00 X 0 0 0 LISA MITCHELL DIRECTOR 5.00 X 0 0 0 STEVE SAYRE DIRECTOR 5.00 X 0 0 0 STUART SICILANO DIRECTOR 5.00 X 0 0 0 LEMUEL SMITH DIRECTOR 5.00 X 0 0 0 WILLIAM SPENCE DIRECTOR 5.00 X 0 0 0 SINCLAIR EADDY PRESIDENT AND CEO 40.00 X 148000 0 6362 CLARK PASTRICK SR. PROJECT MANAGER 40.00 X 116000 0 4726 316083 0 11088 2 0 1 0 QUINN EVANS 2121 WARD PL NW 4TH FLOOR WASHINGTON DC 20037 ARCHITECTURAL, DESIGN AND PLANNING SERVI 742045 TURF EQUIPMENT & SUPPLIES 8015 DORSEY RUN ROAD JESSUP MD 20794 IRRIGRATION SYSTEM AND INSTALLATION 159963 HONOURS GOLF COMPANY LLC 1960 STONEGATE DRIVE BIRMINGHAM AL 35242 MANAGEMENT SERVICES 150000 CANNON GROUP LLC 101 PENNSYLVANIA AVE NW SUITE 1300N WASHINGTON DC 20004 PROFESSIONAL SERVICES 132313 4 703287 1110728 192033 1814015 GOLF COURSE REVENUE 713910 7506371 7506371 7506371 53191 53191 251723 703287 409884 -158161 -158161 1756887 963330 793557 793557 10008973 8299928 0 -104970 X 206446 103785 34821 67840 166633 90871 31165 44597 10995 5549 791 4655 26651 13892 4634 8125 150000 150000 875 875 106979 106979 4169793 4065594 98424 5775 101136 80869 20267 815634 766542 9256 39836 305927 302227 3700 34712 16630 18082 94772 94772 623529 622600 929 137718 137208 510 REPAIRS AND MAINTENANCE 1107529 1107529 EVENTS AND PROGRAMMING 125710 125710 TAXES AND PERMITS 80973 80803 170 BAD DEBT 54750 54750 31618 30982 636 8352380 7796438 203118 352824 1703285 1216347 4330781 5661321 735992 232361 30903 49358 86858 228506 5307 73085 2977985 473009 2020877 2504976 0 2221322 8914003 12187276 569534 553755 66162 97899 951751 813145 1402569 3141897 2990016 4606696 X 3484959 4712259 2439028 2868321 5923987 7580580 8914003 12187276 1656593 0 X X 0 1 X 1 0 X 27818 1049670 2652259 1814015 5543762 27818 1049670 2652259 1814015 5543762 1332758 4211004 294 53191 53485 5597247 19357272 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1671923 50910 1621013 1306062 422099 883963 2504976 RIGHT-OF-USE ASSETS 2221322 2221322 DRIVING RANGE LIABILITY 352652 REFUNDABLE ADVANCE 500000 FINANCE LEASE LIABILITIES 2289245 3141897 X 11783979 1533392 241614 1775006 10008973 0 10008973 10127386 1533392 241614 1775006 8352380 0 8352380 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED BY THE INTERNAL REVENUE SERVICE (IRS) AS OTHER THAN A PRIVATE FOUNDATION. NO PROVISION FOR INCOME TAXES IS REQUIRED FOR THE YEAR ENDED DECEMBER 31, 2022, SINCE THE ORGANIZATION HAD NO TAXABLE INCOME FROM UNRELATED BUSINESS ACTIVITIES. THE INCOME TAX POSITIONS TAKEN BY THE ORGANIZATION FOR ANY YEARS OPEN UNDER THE VARIOUS STATUTES OF LIMITATIONS ARE THAT THE ORGANIZATION CONTINUES TO BE EXEMPT FROM INCOME TAXES AND THAT IT HAS PROPERLY REPORTED UNRELATED BUSINESS INCOME THAT IS SUBJECT TO INCOME TAXES. THE ORGANIZATION BELIEVES THAT THERE ARE NO POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD SIGNIFICANTLY INCREASE UNRECOGNIZED TAX LIABILITIES WITHIN 12 MONTHS OF THE REPORTING DATE. NONE OF THE ORGANIZATION'S FEDERAL OR STATE INCOME TAX RETURNS ARE CURRENTLY UNDER EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS DIRECT EXPENSES PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS DIRECT EXPENSES X X X X 1 CANNON GROUP LLC 1001 PENNSYLVANIA AVE NW SUITE 130 WASHINGTON DC 20004 FUNDRAISING SERVICES 0 57500 46979 57500 LYNCH PINNACLE GROUP LLC 3 BETHESDA METRO CENTER STE 430 BETHESDA MD 20814 FUNDRAISING SERVICES 0 0 60000 0 57500 106979 57500 AK AL AR CA CT CO DC FL GA HI IL KS KY MA MD MI MN ME MS NC ND NV NH NJ NM NY OR PA RI OH OK SC TN UT VA WA WI WV MO AUCTION 565440 397170 168270 168270 SYMPOSIUM 112830 54236 58594 3246 63369 0 0 12900 6 276740 251881 24859 31296 39782 8054 74766 8201 955010 703287 251723 202812 103151 8054 74766 21101 409884 -158161 X X 0 0 0 0 0 0 0 0 0 SINCLAIR EADDY PRESIDENT AND CEO 130000 0 18000 0 0 0 0 0 6362 0 154362 0 0 0 X 3 300 FMV X GOLF PACKAGES 124 129095 FMV X MERCHANDISE 1105 24363 FMV X GOLF AND HOTEL STAY PACKAGES 6 21400 FMV X GOLF CART 1 13875 FMV X GOLF EXPERIENCED ADMISSIONS 2 3000 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 MANAGEMENT OF THE GOLF OPERATIONS ARE PERFORMED BY HONOURS GOLF COMPANY, LLC (HONOURS), A SUBSIDIARY OF TROON GOLF, LLC, A THIRD PARTY. DURING THE YEAR ENDED DECEMBER 31, 2022, THE ORGANIZATION PAID HONOURS EMPLOYEE COSTS OF $3,367,920, ADMINISTRATIVE FEES OF $476,334, AND MANAGEMENT FEES OF $150,000. FORM 990, PART VI, SECTION A, LINE 8B THERE WERE NO COMMITTEE MEETINGS HELD DURING 2022. FORM 990, PART VI, SECTION B, LINE 11B THE REVIEW OF THE DRAFT FORM 990 IS DELEGATED BY THE BOARD OF DIRECTORS TO THE TREASURER AND CEO BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY INCLUDES FORMAL POLICIES AND PROCEDURES ON DISCLOSING POSSIBLE CONFLICTS. ANY POTENTIAL CONFLICTS ARE REQUIRED TO BE DISCLOSED IN WRITING ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS APPROVED THE EXECUTIVE DIRECTOR'S COMPENSATION. COMPENSATION IS BASED ON ANNUAL COSTS OF LIVING AS WELL AS A REVIEW OF COMPARATIVE DATA FROM OTHER SIMILAR SIZED ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACT LABOR: PROGRAM SERVICE EXPENSES 3,658,085. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,658,085. CONSULTANT: PROGRAM SERVICE EXPENSES 84,908. MANAGEMENT AND GENERAL EXPENSES 55,724. FUNDRAISING EXPENSES 638. TOTAL EXPENSES 141,270. OTHER FEES: PROGRAM SERVICE EXPENSES 322,601. MANAGEMENT AND GENERAL EXPENSES 42,700. FUNDRAISING EXPENSES 5,137. TOTAL EXPENSES 370,438. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR.