2024-05-14T09:35:02-05:00 2023-06-30 111986323 MARCUM LLP 1601 MARKET STREET 4TH FLOOR PHILADELPHIA PA 19103 990 2022-07-01 873905064 PURSUING TRANSFORMATION INC PURS 6054316066 1735 MARKET STREET PHILADELPHIA PA 19103 KENNETH HOLDSMAN PRESIDENT 6054316066 2024-05-13 1 KENNETH HOLDSMAN 999009999 0 AARON M FOX P01365820 2152972100 2024-05-13 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z KENNETH HOLDSMAN 1735 MARKET STREET PHILADELPHIA PA 19103 75584 0 X N/A X 2021 PA THE PROPERTY IS BEING DEVELOPED AS A STATE-OF-THE ART WORKFORCE TRAINING AND DEVELOPMENT FACILITY, CURRENTLY NAMED THE "GENERATOR." THE OWNER ENTITY, PURSUING TRANSFORMATION INC, WAS FORMED FOR THE PURPOSE OF DEVELOPING THE PROPERTY FOR THE GENERATOR. 3 2 0 0 0 0 1087848 75584 0 0 0 0 0 0 1087848 75584 0 0 0 0 0 0 0 0 0 18076 70248 18076 70248 1069772 5336 1368548 1505459 272380 370601 1096168 1134858 THE GENERATOR WILL PROVIDE A HOST OF SOCIAL AND COMMUNITY SERVICES RELATED TO WORKFORCE DEVELOPMENT AND OTHER HIGH-NEED SERVICES. SOME OF THOSE SERVICES MAY BE PROVIDED BY OTHER PARTNER ORGANIZATIONS. 0 0 70248 THE PROPERTY IS BEING DEVELOPED AS A STATE-OF-THE ART WORKFORCE TRAINING AND DEVELOPMENT FACILITY, CURRENTLY NAMED THE "GENERATOR." THE OWNER ENTITY, PURSUING TRANSFORMATION INC, WAS FORMED FOR THE PURPOSE OF DEVELOPING THE PROPERTY FOR THE GENERATOR. THE BUILDING IS IN A PRE-CONSTRUCTION PHASE WITH NO CURRENT OCCUPANCY. 70248 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 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 0 0 0 0 X 3 2 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 PA X KENNETH HOLDSMAN 6054316066 1735 MARKET STREET CONCOURSE FLOOR PHILADELPHIA PA 19103 KENNETH HOLDSMAN PRESIDENT 2.00 32.00 X X 0 289895 25731 ISAIAH NATHANIEL TREASURER 2.00 2.00 X X 0 0 0 BRUCE GOODMAN SECRETARY 2.00 X X 0 0 0 0 289895 25731 0 0 1 0 0 75584 75584 75584 0 0 0 3214 3214 1963 1963 28439 28439 1421 1421 35211 35211 70248 70248 0 0 499988 547344 5263 26523 931592 0 863297 931592 1368548 1505459 10526 8746 261854 361855 272380 370601 X 1096168 1134858 1096168 1134858 1368548 1505459 5336 33354 0 X 0 1 X 1 0 X 1087848 75584 1163432 1087848 75584 1163432 0 0 0 1163432 1087848 75584 1163432 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 808260 808260 123332 123332 931592 DUE TO RELATED PARTY 361855 361855 X 5000467 33354 4891529 4924883 75584 0 75584 3195205 3124957 3124957 70248 0 70248 PART X, LINE 2: MANAGEMENT OF THE ORGANIZATION CONSIDERS THE LIKELIHOOD OF CHANGES BY TAXING AUTHORITIES IN ITS FILED INCOME TAX RETURNS AND RECOGNIZES A LIABILITY FOR OR DISCLOSES POTENTIAL SIGNIFICANT CHANGES THAT MANAGEMENT BELIEVES ARE MORE LIKELY THAN NOT TO OCCUR UPON EXAMINATION BY TAX AUTHORITIES, INCLUDING CHANGES TO THE ORGANIZATION'S STATUS AS A NOT-FOR-PROFIT ENTITY. MANAGEMENT BELIEVES THE ORGANIZATION MET THE REQUIREMENTS TO MAINTAIN ITS TAX-EXEMPT STATUS AND HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS SUBJECT TO THE UNRELATED BUSINESS INCOME TAX THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE OF CONSOLIDATED SUBSIDIARY 4,891,529. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF CONSOLIDATED SUBSIDIARY 3,124,957. 0 0 0 0 0 0 0 0 0 KENNETH HOLDSMAN PRESIDENT 0 260195 0 29700 0 0 0 0 0 25731 0 315626 0 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY BEFORE IT IS FILED, AFTER IT HAS BEEN REVIEWED BY THE PRESIDENT AND FINANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD-DELEGATED POWERS MUST ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT THEY HAVE RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTAND THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY AND UNDERSTANDS THAT THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION HAS A BOARD-APPROVED POLICY FOR DETERMINING THE COMPENSATION OF THE CEO. LED BY THE BOARD CHAIR, TREASURER, AND PERSONNEL COMMITTEE AN ANNUAL PERFORMANCE REVIEW OF THE CEO IS COMPLETED. AT THEIR DISCRETION, THEY MAY ASK OTHER MEMBERS OF THE BOARD OF DIRECTORS TO BE INVOLVED FORMALLY OR INFORMALLY IN THE EVALUATION PROCESS. THEY MAY ALSO ELECT TO OBTAIN BENCHMARKING RESEARCH AND INFORMATION TO INFORM THE COMPENSATION. FINALLY, THEY MAY ASK THE CHIEF EXECUTIVE OFFICER TO COMPLETE AND SUBMIT A WRITTEN SELF-ASSESSMENT. THE BOARD CHAIR IS RESPONSIBLE FOR COMMUNICATING THE CHIEF EXECUTIVE OFFICERS' COMPENSATION AND ANY ONGOING ADJUSTMENTS IN A TIMELY AND REASONABLE MANNER. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THEY CAN ALSO BE FOUND ON GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. PHILADELPHIA YOUTH BASKETBALL INC 1735 MARKET STREET / CONCOURSE LEVE PHILADELPHIA PA 19103 473758442 EMPOWER YOUNG PEOPLE TO DEVELOP THEIR FULL POTENTIAL AS ATHLETES PA 501(C)(3) LINE 10 0 SIXTH MAN CENTER INC 1735 MARKET STREET / CONCOURSE LEVE PHILADELPHIA PA 19103 873392686 PROPERTY FOR YOUTH DEVELOPMENT FACILITY PA 501(C)(3) LINE 10 PHILADELPHIA YOUTH BASKETBALL 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PHILADELPHIA YOUTH BASKETBALL INC C 75584 CASH PHILADELPHIA YOUTH BASKETBALL INC E 100000 CASH SIXTH MAN CENTER INC E 261855 CASH