Skip to content
Nonprofiteer
← FIRST AMERICAN CAPITAL CORPORATION INC

Form 990 for tax year 2025

Filed by FIRST AMERICAN CAPITAL CORPORATION INC.

Totals

Total revenue
$4,174,337
Total expenses
$2,037,038
Contributions and grants received
$3,431,500
Grants paid
$376,637
Program service revenue
$252,928
Investment income
$389,410
Other revenue
$100,499
Total assets, end of year
$13,230,258
Total liabilities, end of year
$2,998,426
Net assets or fund balances, end of year
$10,231,832
Program services expenses (Part IX)
$1,749,501
Management and general expenses
$224,644
Fundraising expenses
$62,893
Program service expenses (Part III)
$1,749,501

Program services were 85.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $3,416,500

  • 1f · All other contributions, gifts and grants

    $15,000

  • 2a · Program service revenue: CONTRACT INCOME

    total $239,308 · related or exempt $239,308

  • 2b · Program service revenue: FEE INCOME

    total $13,620 · related or exempt $13,620

  • 3 · Investment income

    total $389,410 · related or exempt $300,801 · excluded $88,609

  • 6a · Gross rents

    real property $11,115

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $11,115

  • 6d · Net rental income or loss

    total $11,115 · excluded $11,115

  • 11a · Other revenue: RECOVERY OF BAD DEBT

    total $89,384 · related or exempt $89,384

  • 11e · Other revenue, total

    $89,384

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $376,637 · program services $376,637

  • 5 · Compensation of officers, directors and key employees

    total $377,196 · program services $245,178 · management and general $75,741 · fundraising $56,277

  • 7 · Other salaries and wages

    total $385,585 · program services $375,940 · management and general $9,645

  • 8 · Pension plan contributions

    total $11,812 · program services $11,496 · management and general $316

  • 9 · Other employee benefits

    total $79,298 · program services $75,391 · management and general $3,907

  • 10 · Payroll taxes

    total $54,003 · program services $44,909 · management and general $5,536 · fundraising $3,558

  • 11b · Fees: legal

    total $1,651 · management and general $1,651

  • 11c · Fees: accounting

    total $26,522 · management and general $26,522

  • 11g · Fees: other

    total $39,600 · program services $39,600

  • 12 · Advertising and promotion

    total $64,021 · program services $57,619 · management and general $6,402

  • 13 · Office expenses

    total $17,766 · program services $15,101 · management and general $2,665

  • 14 · Information technology

    total $121,894 · program services $103,610 · management and general $18,284

  • 16 · Occupancy

    total $50,709 · program services $43,103 · management and general $7,606

  • 17 · Travel

    total $30,577 · program services $18,346 · management and general $9,173 · fundraising $3,058

  • 19 · Conferences, conventions and meetings

    total $19,494 · program services $16,570 · management and general $2,924

  • 20 · Interest

    total $35,095 · program services $35,095

  • 22 · Depreciation, depletion and amortization

    total $32,920 · program services $19,187 · management and general $13,733

  • 23 · Insurance

    total $13,680 · management and general $13,680

  • 24a · Other expenses: DONATION EXPENSE

    total $202,500 · program services $202,500

  • 24b · Other expenses: PROVISION FOR LOAN LOSS

    total $58,523 · program services $58,523

  • 24c · Other expenses: MEMBERSHIP DUES

    total $22,275 · management and general $22,275

  • 24d · Other expenses: LOAN CLOSING, SERVICING

    total $10,696 · program services $10,696

  • 24e · All other expenses

    total $4,584 · management and general $4,584

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,656,732 · end of year $6,025,674

  • 2 · Savings and temporary cash investments

    beginning of year $681,759 · end of year $881,326

  • 3 · Pledges and grants receivable

    beginning of year $189,502 · end of year $125,882

  • 4 · Accounts receivable

    beginning of year $135,172 · end of year $32,799

  • 7 · Other notes and loans receivable

    beginning of year $4,741,282 · end of year $5,434,110

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,110 · end of year $26,872

  • 10a · Land, buildings and equipment: cost or other basis

    $394,349

  • 10b · Land, buildings and equipment: accumulated depreciation

    $79,248

  • 10c · Land, buildings and equipment, net

    beginning of year $259,419 · end of year $315,101

  • 13 · Investments: program-related

    beginning of year $28,360 · end of year $28,360

  • 14 · Intangible assets

    beginning of year $19,187 · end of year $0

  • 15 · Other assets

    beginning of year $372,574 · end of year $360,134

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,424 · end of year $187,946

  • 19 · Deferred revenue

    beginning of year $299,042 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $2,669,098 · end of year $2,810,480

  • 27 · Net assets without donor restrictions

    beginning of year $8,094,533 · end of year $10,231,832

Mission and programs · 2025

Mission

THE MISSION OF FACC IS TO CONTRIBUTE TO ECONOMIC DEVELOPMENT IN WISCONSIN INDIAN COUNTRY THROUGH FACILITATING ACCESS TO CAPITAL IN THE FORM OF BUSINESS LOANS FOR AMERICAN INDIAN OWNED ENTERPRISES AND THROUGH PROVIDING PRE- AND POST-LOAN TECHNICAL ASSISTANCE.

  • PROGRAM SERVICES: FACC MISSION-DRIVEN OUTCOMES INCLUDED DEPLOYING MICRO-BUSINESS LOANS RESULTING IN NEW FAMILY SUPPORTING FULL TIME JOBS BEING CREATED AND CONTRIBUTING TO THE RETENTION OF EXISTING JOBS IN WISCONSIN. IN ADDITION, CLIENTS RECEIVED FACC ONE-TO-ONE BUSINESS MANAGEMENT CAPACITY BUILDING TECHNICAL ASSISTANCE AND BUSINESS MANAGEMENT WORKSHOPS DELIVERED VIRTUALLY - AND IN PERSON - DESIGNED TO INCREASE THE COMPETITIVENESS OF FACC CLIENTS AND ASSIST IN THEIR EVENTUAL GRADUATION FROM THE FACC PORTFOLIO WHEN MEETING THE CREDIT STANDARDS OF COMMERCIAL BANKS. IN 2025 FACC AWARDED GRANTS TO QUALIFYING SMALL BUSINESSES DISPROPORTIONATELY IMPACTED BY THE PANDEMIC TO HELP FURTHER RECOVERY AND TO BUILD RESILIENCE AGAINST THE NEXT ECONOMICALLY DISRUPTIVE EVENTS.

    Expenses $1,749,501 · Grants $376,637 · Revenue $643,113

As filed on the 2025 return.

Listed in Part VII

  • JEFF BOWMAN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • CRAIG CLEMENTS

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • DAVID WILLEFORD

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • ART OLSZEWSKI

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • ADAM J SKENANDORE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SALLI MARTYNIAK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GARY MEJCHAR

    CO-EXECUTIVE DIRECTOR

    Total calculated
    $170,932
    From this org
    $138,327
    From related orgs
    $0
    Other
    $32,605
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $118,327
    Bonus
    $20,000
    Other
    $0
    Deferred
    $4,150
    Nontaxable benefits
    $28,455
    Filer's total
    $170,932

  • WILLIAM BESON

    CO-EXECUTIVE DIRECTOR

    Total calculated
    $170,848
    From this org
    $138,327
    From related orgs
    $0
    Other
    $32,521
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $118,327
    Bonus
    $20,000
    Other
    $0
    Deferred
    $4,150
    Nontaxable benefits
    $28,371
    Filer's total
    $170,848

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2025
Filed
8 September 2026
IRS schema version
2025v4.2
Source object
202622519349301777

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.