EIN 37-1439848

First American Capital Corporation

IRS 501(c) type
501(c)(3)
Num. employees
7
Year formed
2002
Most recent tax filings
2023-12-01
Description
First American Capital Corporation facilitates access to capital in the form of business loans for American Indian owned enterprises in Wisconsin Indian Country. Its mission is to contribute to economic development by creating new full-time jobs and supporting the retention of existing ones through micro-business loans. Clients also receive pre- and post-loan technical assistance from FACC.
Total revenues
$3,163,251
2023
Total expenses
$2,212,487
2023
Total assets
$10,647,427
2023
Num. employees
7
2023

Program areas at First American Capital Corporation

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 2023 facc awarded diverse business investment equity grants to qualifying small businesses disproportionately impacted by the pandemic to help further recovery and to build resilience against the next economically disruptive events.

Who funds First American Capital Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Oweesta CorporationGrant$60,000

Personnel at First American Capital Corporation

NameTitleCompensation
Gary MejcharExecutive Director$114,761
William BesonPast Executive Director$114,761
Craig ClementsVice President$0
Art OlszewskiSecretary$0
Jeff BowmanPresident$0
...and 4 more key personnel

Financials for First American Capital Corporation

RevenuesFYE 12/2023
Total grants, contributions, etc.$2,565,467
Program services$336,683
Investment income and dividends$232,505
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$28,596
Total revenues$3,163,251

Form 990s for First American Capital Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-01990View PDF
2022-122023-10-26990View PDF
2021-122022-09-07990View PDF
2020-122021-11-12990View PDF
2019-122021-03-01990View PDF
...and 10 more Form 990s

Organizations like First American Capital Corporation

OrganizationLocationRevenue
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Carolina Small Business Development FundRaleigh, NC$10,484,327
CLIMB FundCharleston, SC$5,137,686
Fortis CapitalMinneapolis, MN$1,392,728
Prosperus Detroit Micro LendingDetroit, MI$1,801,771
Chi IshobakDowagiac, MI$4,106,888
Community Investment CollaborativeCharlottesville, VA$2,055,191
Catalyst Community CapitalSt Petersburg, FL$805,577
DreamspringAlbuquerque, NM$14,674,824
Data update history
August 27, 2024
Updated personnel
Identified 1 new personnel
February 3, 2024
Received grants
Identified 1 new grant, including a grant for $60,000 from Oweesta Corporation
November 27, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 30, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Grantmaking organizationsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Economic developmentBusiness and industry
Characteristics
State / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
10710 W Scharles Ave
Hales Corners, WI 53130
Metro area
Milwaukee-Waukesha, WI
County
Milwaukee County, WI
Website URL
aiccw.org/ 
Phone
(414) 604-2044
IRS details
EIN
37-1439848
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2002
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
522120: Savings Institutions
Parent/child status
Central organization
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