Overview
What is Partner Community Capital Inc?
Partner Community Capital Inc, based in Charles Town, West Virginia, serves as a specialized lender for start-up and early-stage small businesses in underserved markets. Their primary goal is to create or retain full-time private sector jobs, offering microloans from $1,000 to $50,000 and business loans ranging from $50,000 to $1,500,000. Approved as a United States Department of Agriculture (USDA) Business & Industry (B & I) guaranteed lender, they can participate in transactions up to $2.5 million. Their business clients are primarily located in economically distressed rural communities and struggle to access capital from traditional sources. Sectors they target include environmental services, local food system infrastructure, renewable energy, and more. Partner Community Capital Inc embraces triple bottom line (TBL) small business development, aiming to responsibly create wealth in distressed communities by demonstrating the viability of utilizing natural assets responsibly. They provide affordable, flexible capital and advisory services to small and emerging businesses, promoting employment and economic development in a holistic manner.
Official website here: www.partnercapital.org
What are the reviews and ratings of this charity?
**Partner Community Capital Inc: 87% Rating (Three-Star out of Four Stars)**
Partner Community Capital Inc holds an 87% score from Charity Navigator, indicating strong accountability and financial management. The rating is based entirely on transparency and governance metrics, highlighting an entirely independent board and robust oversight mechanisms. The organization's program expense ratio of 93.79% showcases its commitment to using funds effectively towards its missions.
The nonprofit excels in its adherence to financial and governance standards, with no material diversions of assets reported. Its commitment to accountability is evident through policies such as conflict of interest and whistleblower protections, all of which are clearly documented. The organization is recognized for receiving a significant portion of its support from governmental sources or the general public.
While strengths in governance and financial transparency are clear, there are limitations. Notably, details regarding the salaries of key personnel are unavailable, which may affect perceptions of budget allocation and staff compensation. Overall, the nonprofit demonstrates a solid framework but could improve transparency in specific areas regarding its leadership and financial disclosures.
User reviews from GreatNonprofits were not available.
This AI summary has been generated from information found on Charity Navigator.
Is Partner Community Capital Inc legitimate?
Partner Community Capital Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Partner Community Capital Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $431,104
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,109,163
For more financial information, click here
Official website here: www.partnercapital.org
What is the mission statement of Partner Community Capital Inc?
Partner Community Capital Inc's mission is centered around promoting sustainable development in economically distressed areas. They achieve this by offering affordable and flexible capital and advisory services to small and emerging businesses. These businesses, in turn, create employment opportunities. Partner Community Capital Inc employs a holistic approach to address the complex issues inherent in poverty alleviation, rural development, and environmental sustainability. They demonstrate methods that help businesses, individuals, and communities achieve tangible changes, ultimately leading to enhanced personal or community assets. Through their business support, field building, and policy activities, they catalyze environmental sustainability.
Official website here: www.partnercapital.org
Who is the CEO of Partner Community Capital Inc?
Marten R Jenkins Jr is the President of Partner Community Capital Inc.
Official website here: www.partnercapital.org
What is the revenue of Partner Community Capital Inc?
Partner Community Capital Inc's revenue in 2022 was $8,661,679.
Official website here: www.partnercapital.org
Who are the executives of Partner Community Capital Inc and what are their salaries?
The average compensation at Partner Community Capital Inc during 2022 was $59,241. There are 26 employees at Partner Community Capital Inc.
Here are 22 key members and their salaries:
- Compensation: $0
- Related: $284,239
- Other: $31,182
- Compensation: $0
- Related: $254,652
- Other: $30,050
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $128,284
- Related: $65,201
- Other: $38,665
- Compensation: $110,163
- Related: $36,620
- Other: $11,500
- Compensation: $44,387
- Related: $30,873
- Other: $14,830
- Compensation: $40,090
- Related: $16,012
- Other: $7,389
- Compensation: $72,382
- Related: $5,217
- Other: $9,353
- Compensation: $107,135
- Related: $51,465
- Other: $25,003
- Compensation: $87,477
- Related: $43,563
- Other: $24,535
- Compensation: $69,304
- Related: $31,138
- Other: $17,374
Official website here: www.partnercapital.org
Where can I find the form 990 for Partner Community Capital Inc?
Partner Community Capital Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.partnercapital.org
Learn more at the official website: www.partnercapital.org
Mission Statement of Partner Community Capital Inc
Partner Community Capital Inc, as a certified Community Development Financial and Technical Assistance provider, focuses on economically distressed areas. Its mission is to catalyze environmentally sustainable development by offering affordable and flexible capital and advisory services to small and emerging businesses. These enterprises create employment opportunities, thereby contributing to poverty alleviation and rural development.
By employing a holistic approach, Partner Community Capital Inc addresses the intricate, interconnected issues inherent in poverty reduction, rural development, and environmental sustainability. Through its business support, field building, and policy activities, the organization assists small and emerging businesses in overcoming challenges and achieving tangible changes. These transformations result in enhanced personal or community assets.
In essence, Partner Community Capital Inc serves as a vital catalyst for sustainable development, demonstrating methods that empower businesses, individuals, and communities to bring about meaningful changes. By providing capital, advisory services, and fostering a supportive environment, the organization plays a significant role in fostering economic growth and promoting social and environmental well-being.
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Impact
July, 2024
Partner Community Capital Inc's impact lies in catalyzing environmentally sustainable development in economically distressed areas. By providing affordable and flexible capital and advisory services to small and emerging businesses, PCAP creates employment opportunities. Their focus on triple bottom line small business development aims to responsibly create wealth in distressed communities by fostering the creation of living wage jobs with benefits and skill-building opportunities. Through their holistic approach, PCAP addresses the interconnected issues of poverty alleviation, rural development, and environmental sustainability. By supporting businesses in sectors such as renewable energy, local food systems, and green building, PCAP contributes to the societal shift towards more sustainable practices while improving economic conditions in underserved markets.
This information is meant to be a general summary of Partner Community Capital Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $155,822
- Program Service Revenue: $3,983,272
- Gross Receipts: $8,661,679
Assets and Liabilities:
- Total Assets: $78,991,667
- Total Liabilities: $52,875,446
- Net Assets: $26,116,221
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME FROM N
Revenue
$3,605,567
FEE INCOME ON LOANS
Revenue
$319,463
PROJECT INCOME
Revenue
$58,092
OTHER FEES
Revenue
$150
Organization Details
Founding Year
2001
Phone
(681) 252-4306Principal Officer
Marten R Jenkins Jr
Main Address
PO BOX 839, CHARLES TOWN, WV, 25414
Website
www.partnercapital.orgNTEE Category
Code: P20 - Human services
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