Totals
- Total revenue
- $12,474,402
- Total expenses
- $11,326,216
- Contributions and grants received
- $4,923,528
- Grants paid
- $0
- Program service revenue
- $7,550,874
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $122,217,445
- Total liabilities, end of year
- $76,915,466
- Net assets or fund balances, end of year
- $45,301,979
- Program services expenses (Part IX)
- $10,474,559
- Management and general expenses
- $798,260
- Fundraising expenses
- $53,397
- Program service expenses (Part III)
- $10,474,559
Program services were 92.5% 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)
$3,505,270
-
1f · All other contributions, gifts and grants
$1,418,258
-
2a · Program service revenue: INTEREST INCOME FROM N/R
total $6,090,662 · related or exempt $6,090,662
-
2b · Program service revenue: CUSTOMER LOAN INTEREST
total $1,044,915 · related or exempt $1,044,915
-
2c · Program service revenue: FEE INCOME ON LOANS
total $403,622 · related or exempt $403,622
-
2d · Program service revenue: PROJECT INCOME
total $11,675 · related or exempt $11,675
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $1,235,891 · program services $888,710 · management and general $311,965 · fundraising $35,216
-
7 · Other salaries and wages
total $2,377,950 · program services $2,267,534 · management and general $104,960 · fundraising $5,456
-
8 · Pension plan contributions
total $192,415 · program services $183,808 · management and general $8,210 · fundraising $397
-
9 · Other employee benefits
total $300,714 · program services $274,082 · management and general $26,632
-
10 · Payroll taxes
total $297,532 · program services $261,828 · management and general $32,729 · fundraising $2,975
-
11b · Fees: legal
total $145,681 · program services $106,213 · management and general $39,468
-
11c · Fees: accounting
total $35,993 · program services $26,676 · management and general $9,234 · fundraising $83
-
11g · Fees: other
total $2,389,656 · program services $2,282,208 · management and general $106,488 · fundraising $960
-
12 · Advertising and promotion
total $68,113 · program services $60,363 · management and general $7,104 · fundraising $646
-
13 · Office expenses
total $112,583 · program services $99,073 · management and general $12,384 · fundraising $1,126
-
14 · Information technology
total $256,935 · program services $226,103 · management and general $28,263 · fundraising $2,569
-
16 · Occupancy
total $178,405 · program services $156,996 · management and general $19,625 · fundraising $1,784
-
17 · Travel
total $105,070 · program services $92,461 · management and general $11,558 · fundraising $1,051
-
19 · Conferences, conventions and meetings
total $32,586 · program services $28,676 · management and general $3,584 · fundraising $326
-
20 · Interest
total $2,663,049 · program services $2,663,049
-
22 · Depreciation, depletion and amortization
total $25,574 · program services $22,505 · management and general $2,813 · fundraising $256
-
23 · Insurance
total $28,610 · management and general $28,610
-
24a · Other expenses: CHANGE IN PROVISION FOR
total $649,044 · program services $649,044
-
24b · Other expenses: LOAN ORIGINATION
total $86,610 · program services $86,610
-
24c · Other expenses: PAYROLL PROCESSING FEES
total $43,835 · program services $38,575 · management and general $4,822 · fundraising $438
-
24d · Other expenses: LOAN WORKOUT AND OTHER
total $39,777 · program services $39,777
-
24e · All other expenses
total $60,193 · program services $20,268 · management and general $39,811 · fundraising $114
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,391,167 · end of year $7,527,729
-
2 · Savings and temporary cash investments
beginning of year $28,724,063 · end of year $28,812,783
-
3 · Pledges and grants receivable
beginning of year $1,094,167 · end of year $1,032,326
-
4 · Accounts receivable
beginning of year $809,593 · end of year $916,200
-
5 · Loans and receivables from officers and key people
beginning of year $251,173 · end of year $230,475
-
9 · Prepaid expenses and deferred charges
beginning of year $72,508 · end of year $178,689
-
13 · Investments: program-related
beginning of year $76,752,560 · end of year $83,417,767
-
14 · Intangible assets
beginning of year $81,147 · end of year $55,573
-
15 · Other assets
beginning of year $76,505 · end of year $45,903
-
17 · Accounts payable and accrued expenses
beginning of year $1,077,736 · end of year $863,696
-
19 · Deferred revenue
beginning of year $1,299,183 · end of year $334,150
-
21 · Escrow or custodial account liability
beginning of year $42,139 · end of year $228,054
-
23 · Secured mortgages and notes payable
beginning of year $3,248,102 · end of year $3,312,457
-
24 · Unsecured notes and loans payable
beginning of year $62,354,811 · end of year $72,130,169
-
25 · Other liabilities
beginning of year $77,119 · end of year $46,940
-
27 · Net assets without donor restrictions
beginning of year $26,061,278 · end of year $26,407,061
-
28 · Net assets with donor restrictions
beginning of year $18,092,515 · end of year $18,894,918
Mission and programs · 2025
Mission
PCAP CATALYZES ENVIRONMENTALLY SUSTAINABLE ECONOMIC DEVELOPMENT BY PROVIDING FLEXIBLE CAPITAL AND ADVISORY SERVICES TO BUSINESSES AND ORGANIZATIONS THAT CREATE EMPLOYMENT AND BENEFIT UNDERSERVED COMMUNITIES AND INDIVIDUALS.
Activities or mission (Part I)
CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION & TECHNICAL ASSISTANCE FOR SMALL BUSINESSES.
-
LENDING PROGRAM: PCAP IS A SPECIALIZED, NICHE LENDER FOR START-UP AND EARLY STAGE SMALL BUSINESSES IN UNDERSERVED MARKETS. THE PRIMARY GOAL OF ITS LOAN PROGRAMS IS TO CREATE OR RETAIN FULL-TIME PRIVATE SECTOR JOBS. PCAP PROVIDES MICROLOANS IN AMOUNTS FROM $1,000 TO $50,000 AND BUSINESS LOANS SIZED FROM $50,000 TO $2,000,000. PCAP IS APPROVED AS A UNITED STATES DEPARTMENT OF AGRICULTURE (USDA) BUSINESS & INDUSTRY (B & I) GUARANTEED LENDER, GIVING IT THE ABILITY TO PARTICIPATE IN TRANSACTIONS UP TO $2.5 MILLION. PCAP'S BUSINESS CLIENTS ARE PREDOMINATELY LOCATED IN ECONOMICALLY DISTRESSED RURAL COMMUNITIES AND ARE UNABLE TO ACCESS CAPITAL FROM TRADITIONAL SOURCES. EXAMPLES ARE: RECREATION-BASED TOURISM, VALUE-ADDED AGRICULTURE, SECONDARY FOREST PRODUCTS AND CRITICAL COMMUNITY SERVICES.
Expenses $6,922,691 · Revenue $7,539,199
-
STRATEGIC INITIATIVES PROGRAM: PCAP'S STRATEGIC INITIATIVES USE TARGETED FUNDING AND PARTNERSHIPS WITH SMALL BUSINESS-RELATED OR SECTOR-SPECIFIC COMMUNITY PARTNERS TO DEVOTE ADDED RESOURCES TO PARTICULAR SECTORS WITHIN PCAP'S STATED MISSION. THESE INITIATIVES FREQUENTLY COMBINE PCAP'S LOAN CAPITAL WITH TARGETED BUSINESS ADVISORY SERVICES IN ORDER TO ENSURE BORROWER SUCCESS.
Expenses $3,551,868 · Revenue $11,675
As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
JEFFREY LUSK
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 3
-
GAT CAPERTON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
MINAL PATEL
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
VICKI LEE PARKER-HIGH
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
KAREN JACOBSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JEFFREY A AUSTIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
AMY KING CONDARAS
DIRECTOR (UNTIL 9/25)
- Total calculated
- $0
- Hours/week
- 1
-
JENNIFER CURTIS
DIRECTOR (UNTIL 11/25)
- Total calculated
- $0
- Hours/week
- 1
-
RAY DAFFNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DWAIN NEELEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MARK GABRIEL LITTLE
DIRECTOR (AS OF 9/25)
- Total calculated
- $0
- Hours/week
- 1
-
MARTEN R JENKINS JR
PRESIDENT AND CEO
- Total calculated
- $352,165
- From this org
- $282,301
- From related orgs
- $0
- Other
- $69,864
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $281,801
- Bonus
- $500
- Other
- $0
- Deferred
- $23,730
- Nontaxable benefits
- $46,134
- Filer's total
- $352,165
-
ROSALIND BLACK
EXECUTIVE VICE PRESIDENT, CFO
- Total calculated
- $210,967
- From this org
- $192,901
- From related orgs
- $0
- Other
- $18,066
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $192,401
- Bonus
- $500
- Other
- $0
- Deferred
- $15,952
- Nontaxable benefits
- $2,114
- Filer's total
- $210,967
-
ANNA TEFFT
EXECUTIVE VICE PRESIDENT
- Total calculated
- $226,605
- From this org
- $193,364
- From related orgs
- $0
- Other
- $33,241
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $192,864
- Bonus
- $500
- Other
- $0
- Deferred
- $16,189
- Nontaxable benefits
- $17,052
- Filer's total
- $226,605
-
ERIKA MCGILLEY
EXECUTIVE VICE PRESIDENT
- Total calculated
- $230,040
- From this org
- $189,629
- From related orgs
- $0
- Other
- $40,411
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $189,129
- Bonus
- $500
- Other
- $0
- Deferred
- $15,310
- Nontaxable benefits
- $25,101
- Filer's total
- $230,040
-
JESSIE MAXWELL
EXECUTIVE VICE PRESIDENT
- Total calculated
- $216,110
- From this org
- $164,541
- From related orgs
- $0
- Other
- $51,569
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $164,041
- Bonus
- $500
- Other
- $0
- Deferred
- $13,416
- Nontaxable benefits
- $38,153
- Filer's total
- $216,110
-
KEVIN O'CONNOR
SENIOR VICE PRESIDENT
- Total calculated
- $157,450
- From this org
- $129,535
- From related orgs
- $0
- Other
- $27,915
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $129,035
- Bonus
- $500
- Other
- $0
- Deferred
- $11,442
- Nontaxable benefits
- $16,473
- Filer's total
- $157,450
-
JUSTIN WHITE
DIRECTOR OF PORTFOLIO MANAGEMANT
- Total calculated
- $149,735
- From this org
- $125,556
- From related orgs
- $0
- Other
- $24,179
- Hours/week
- 37.5
-
NICHOLAS ALLEN
CONTROLLER
- Total calculated
- $140,417
- From this org
- $112,841
- From related orgs
- $0
- Other
- $27,576
- Hours/week
- 37.5
-
LAKEISHA KENNEDY-FLORES
EXECUTIVE VICE PRESIDENT, COO
- Total calculated
- $110,761
- From this org
- $104,686
- From related orgs
- $0
- Other
- $6,075
- Hours/week
- 37.5
-
DONALD C SEIFERT
SVP, LENDING MARKETING MANAGER
- Total calculated
- $125,363
- From this org
- $106,482
- From related orgs
- $0
- Other
- $18,881
- Hours/week
- 37.5
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
- 2 · Substantiation required before reimbursing expenses
- 3 · Independent compensation consultant
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 7
- THE BOARD OF DIRECTORS APPROVED A BONUS POOL FOR EMPLOYEES DURING THE YEAR. BONUSES CAN BE AWARDED BASED UPON EMPLOYEE PERFORMANCE. INDIVIDUAL EXECUTIVE BONUSES ARE APPROVED BY THE BOARD
- PART I, LINE 3:
- PARTNER COMMUNITY CAPITAL ENGAGED AN INDEPENDENT COMPENSATION CONSULTANT TO ESTABLISH THE CEO/PRESIDENT COMPENSATION. THE PARTNER COMMUNITY CAPITAL BOARD OF DIRECTORS APPROVES THE COMPENSATION RECOMMENDATION.
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
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
PARTNER COMMUNITY CAPITAL NMTC LLC
NEW MARKET TAX CREDITS · WV · 99% owned · share of assets $990 · general or managing partner
Directly controlled by PARTNER COMMUNITY CAPITAL INC
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 8 July 2026
- IRS schema version
- 2025v4.2
- Source object
- 202611899349301201
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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