2026-07-08T09:48:38-05:00 2025-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2025-01-01 542058754 PARTNER COMMUNITY CAPITAL INC PART 6812524306 PO BOX 839 CHARLES TOWN WV 25414 MARTEN R JENKINS JR PRESIDENT AND CEO 6812524306 2026-07-08 1 KERRI N BOGDA P00760402 7177404863 2026-07-07 2025 2025-03-06 01:10:19Z MARTEN R JENKINS JR PO BOX 839 CHARLES TOWN WV 25414 12474402 0 X WWW.PARTNERCAPITAL.ORG X 2001 MD CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION & TECHNICAL ASSISTANCE FOR SMALL BUSINESSES. 9 9 37 11 0 0 14978526 4923528 5845407 7550874 884309 0 0 0 21708242 12474402 0 0 0 0 3836194 4404502 0 0 53397 10290078 6921714 14126272 11326216 7581970 1148186 112252883 122217445 68099090 76915466 44153793 45301979 X 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. 0 0 6922691 7539199 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. 3551868 11675 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. 10474559 1 1 0 0 0 0 0 0 1 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 137 0 37 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WV NC SC MD VA TN OH KY NY PA X X ROSALIND BLACK 6812524306 PO BOX 839 CHARLES TOWN WV 25414 JEFFREY LUSK CHAIRMAN 3.00 X X 0 0 0 GAT CAPERTON VICE CHAIR 3.00 X X 0 0 0 MINAL PATEL TREASURER 3.00 X X 0 0 0 VICKI LEE PARKER-HIGH SECRETARY 3.00 X X 0 0 0 KAREN JACOBSON DIRECTOR 1.00 X 0 0 0 JEFFREY A AUSTIN DIRECTOR 1.00 X 0 0 0 AMY KING CONDARAS DIRECTOR (UNTIL 9/25) 1.00 X 0 0 0 JENNIFER CURTIS DIRECTOR (UNTIL 11/25) 1.00 X 0 0 0 RAY DAFFNER DIRECTOR 1.00 X 0 0 0 DWAIN NEELEY DIRECTOR 1.00 X 0 0 0 MARK GABRIEL LITTLE DIRECTOR (AS OF 9/25) 1.00 X 0 0 0 MARTEN R JENKINS JR PRESIDENT AND CEO 37.50 X 282301 0 69864 ROSALIND BLACK EXECUTIVE VICE PRESIDENT, CFO 37.50 X 192901 0 18066 ANNA TEFFT EXECUTIVE VICE PRESIDENT 37.50 X 193364 0 33241 ERIKA MCGILLEY EXECUTIVE VICE PRESIDENT 37.50 X 189629 0 40411 JESSIE MAXWELL EXECUTIVE VICE PRESIDENT 37.50 X 164541 0 51569 KEVIN O'CONNOR SENIOR VICE PRESIDENT 37.50 X 129535 0 27915 JUSTIN WHITE DIRECTOR OF PORTFOLIO MANAGEMANT 37.50 X 125556 0 24179 NICHOLAS ALLEN CONTROLLER 37.50 X 112841 0 27576 LAKEISHA KENNEDY-FLORES EXECUTIVE VICE PRESIDENT, COO 37.50 X 104686 0 6075 DONALD C SEIFERT SVP, LENDING MARKETING MANAGER 37.50 X 106482 0 18881 1601836 0 317777 10 0 1 0 SMALL BUSINESS CONSULTING(SBC) 175 S THIRD ST STE 200 COLUMBUS OH 43215 TA SERVICES 120725 CRAFTSMAN TECHNOLOGY GROUP 186 LINCOLN ST STE 500 BOSTON MA 02111 PCAP SALESFORCE SUPPORT 118380 OMNI ASSOCIATES ARCHITECTS INC 207 JEFFERSON STREET FAIRMONT WV 26554 TA SERVICES 112050 3 3505270 1418258 4923528 INTEREST INCOME FROM N/R 522299 6090662 6090662 CUSTOMER LOAN INTEREST 541900 1044915 1044915 FEE INCOME ON LOANS 541900 403622 403622 PROJECT INCOME 541900 11675 11675 7550874 12474402 7550874 0 0 X 1235891 888710 311965 35216 2377950 2267534 104960 5456 192415 183808 8210 397 300714 274082 26632 297532 261828 32729 2975 145681 106213 39468 35993 26676 9234 83 2389656 2282208 106488 960 68113 60363 7104 646 112583 99073 12384 1126 256935 226103 28263 2569 178405 156996 19625 1784 105070 92461 11558 1051 32586 28676 3584 326 2663049 2663049 25574 22505 2813 256 28610 28610 CHANGE IN PROVISION FOR 649044 649044 LOAN ORIGINATION 86610 86610 PAYROLL PROCESSING FEES 43835 38575 4822 438 LOAN WORKOUT AND OTHER 39777 39777 60193 20268 39811 114 11326216 10474559 798260 53397 4391167 7527729 28724063 28812783 1094167 1032326 809593 916200 251173 230475 72508 178689 76752560 83417767 81147 55573 76505 45903 112252883 122217445 1077736 863696 1299183 334150 42139 228054 3248102 3312457 62354811 72130169 77119 46940 68099090 76915466 X 26061278 26407061 18092515 18894918 44153793 45301979 112252883 122217445 1148186 0 X X 0 1 X 1 1 1 X 5275026 4522585 12133276 14978526 4923528 41832941 5275026 4522585 12133276 14978526 4923528 41832941 387665 41445276 6329 155822 676791 884309 1044915 2768166 44601107 24750583 0.92920 0.94960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 NOTES RECEIVABLE - LENDING PROGRAM 83371778 C SC FUEL DEPOT 45989 C 83417767 LEASE LIABILITY 46940 46940 X 12474402 0 12474402 0 12474402 11326216 0 11326216 0 11326216 PART IV, LINE 2B: THE ORGANIZATION HOLDS CASH COLLATERAL DEPOSITED BY A THIRD PARTY PURSUANT TO A COLLATERAL AGREEMENT SECURING AN IRREVOCABLE STANDBY LETTER OF CREDIT. THE FUNDS ARE HELD FOR THE BENEFIT OF THE DEPOSITOR AND WILL BE RELEASED UPON SATISFACTION OF THE AGREEMENT'S CONDITIONS. PART X, LINE 2: PCAP IS ORGANIZED AS A MARYLAND NONSTOCK CORPORATION AND HAS RECEIVED A DETERMINATION LETTER FROM THE U.S. INTERNAL REVENUE SERVICES (IRS) GRANTING IT TAX-EXEMPT STATUS AS A CHARITABLE NON-PROFIT ORGANIZATION UNDER IRC SECTIONS 501(C)(3) AND 170(B)(1)(A)(VI). INCOME WHICH IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. PCAP HAD NO UNRELATED BUSINESS INCOME TAX FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024. MANAGEMENT EVALUATED PCAP'S TAX POSITIONS AND CONCLUDED THAT PCAP HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. PCAP FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. GENERALLY, PCAP IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR THE YEARS BEFORE 2022. PART VIII: PCAP MAKES SMALL BUSINESS LOANS TO CUSTOMERS. THESE LOANS ARE MADE IN WEST VIRGINIA, NORTH CAROLINA AND THE APPALACHIAN AND RURAL AREAS OF MARYLAND, OHIO, KENTUCKY, TENNESSEE, VIRGINIA AND SOUTH CAROLINA. THE TOTAL AMOUNT OF THE NOTES RECEIVABLE, NET OF ALLOWANCE FOR POSSIBLE LOSSES AT DECEMBER 31, 2025, IS $83,602,253. ALL LOANS REQUIRE BOARD APPROVAL. THE NOTES HAVE VARIOUS INTEREST RATES AND MATURITY DATES, WITH THE LATEST NOTE MATURING IN 2051. 1 X X 0 0 0 0 0 0 0 1 0 MARTEN R JENKINS JR PRESIDENT AND CEO 281801 0 500 0 0 0 23730 0 46134 0 352165 0 0 0 ERIKA MCGILLEY EXECUTIVE VICE PRESIDENT 189129 0 500 0 0 0 15310 0 25101 0 230040 0 0 0 ANNA TEFFT EXECUTIVE VICE PRESIDENT 192864 0 500 0 0 0 16189 0 17052 0 226605 0 0 0 JESSIE MAXWELL EXECUTIVE VICE PRESIDENT 164041 0 500 0 0 0 13416 0 38153 0 216110 0 0 0 ROSALIND BLACK EXECUTIVE VICE PRESIDENT, CFO 192401 0 500 0 0 0 15952 0 2114 0 210967 0 0 0 KEVIN O'CONNOR SENIOR VICE PRESIDENT 129035 0 500 0 0 0 11442 0 16473 0 157450 0 0 0 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. JENNIFER CURTIS PAST DIRECTOR BUSINESS EXPANSION X 332000 230475 0 1 1 230475 SCHEDULE L, PART II JENNIFER CURTIS ESTABLISHED A NEW BUSINESS AND APPLIED FOR A LOAN UNDER THE SAME CIRCUMSTANCES AS ALL OTHER LOAN APPLICANTS. MS. CURTIS RECUSED HERSELF FROM ALL BOARD-LEVEL DISCUSSION REGARDING THE LOAN APPLICATION. FORM 990, PART VI, SECTION B, LINE 11B THE INDEPENDENT AUDITING FIRM ENGAGED TO CONDUCT AN ANNUAL AUDIT OF THE FINANCIAL STATEMENTS OF PCAP IS ENGAGED TO ASSIST IN THE PREPARATION OF THE FORM 990. THE PCAP EXECUTIVE VICE PRESIDENT/CFO DIRECTLY PARTICIPATES IN THE PREPARATION OF THE FORM, DRAFTING RESPONSES TO QUESTIONS AND REVIEWING THE FORM 990 IN DRAFT FORM. A DRAFT COPY OF THE FORM 990 IS SENT TO THE MEMBERS OF THE PCAP BOARD OF DIRECTORS, REQUESTING COMMENTS AND QUESTIONS FROM THEM. SUBSEQUENT TO THE REVIEW AND REVISION PROCESS OF THE PCAP BOARD AND MANAGEMENT, THE FORM 990 IS FINALIZED AND FILED WITH THE IRS. COPIES OF THE FORM ARE THEN MADE AVAILABLE FOR PUBLIC INSPECTION. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS PROVIDED TO EACH DIRECTOR, OFFICER, OR MEMBER OF A COMMITTEE AT A REGULAR BOARD MEETING EACH YEAR. EACH INTERESTED PERSON SHALL ANNUALLY SIGN A STATEMENT THAT AFFIRMS THAT SUCH PERSON (A) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, (B) HAS READ AND UNDERSTANDS THE POLICY, (C) HAS AGREED TO COMPLY WITH THE POLICY, AND (D) UNDERSTANDS THAT THE CORPORATION IS A CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. IF THERE IS A DISCLOSURE OF A FINANCIAL INTEREST, THE INTERESTED PERSON SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE FINANCIAL INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING DIRECTORS OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION B, LINE 15 PCAP USES AN OUTSIDE THIRD PARTY COMPENSATION STUDY TO EVALUATE COMPENSATION LEVELS FOR ITS PRESIDENT AND OFFICERS. THE PCAP BOD APPROVES COMPENSATION AMOUNTS FOR THE PRESIDENT AND OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 PCAP MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART IX, LINE 11G CONSULTING EXPENSE: PROGRAM SERVICE EXPENSES 307,643. MANAGEMENT AND GENERAL EXPENSES 106,488. FUNDRAISING EXPENSES 960. TOTAL EXPENSES 415,091. TECHNICAL ASSISTANCE: PROGRAM SERVICE EXPENSES 1,904,452. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,904,452. LENDING FEES: PROGRAM SERVICE EXPENSES 70,113. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 70,113. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR PARTNER COMMUNITY CAPITAL NMTC LLC PO BOX 839 CHARLES TOWN WV 25414 995103502 NEW MARKET TAX CREDITS WV PARTNER COMMUNITY CAPITAL INC 990 0 1 0.99000 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 1 0