Nonprofit · EIN 61-1652332
PURSUIT TRANSFORMATION COMPANY INC
Tax-exempt · LONG ISLAND CITY, NY 11101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $12,134,324 | $13,457,473 | -$1,323,149 | $14,963,159 | $12,636,923 | $2,326,236 |
| December 31, 2023 | 990 | $10,873,359 | $11,200,120 | -$326,761 | $14,042,037 | $10,392,652 | $3,649,385 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $11,075,903
- of which government grants
- $2,522,203
- Program service revenue
- $860,947
- Investment income
- $196,961
- Other revenue
- $513
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $3,004,256
- Other salaries and wages
- $4,821,362
- Salaries, compensation and benefits (total)
- $8,957,738
- Professional fundraising fees
- $0
- Legal fees
- $47,525
- Accounting fees
- $108,561
- Occupancy
- $521,294
- Travel
- $449,935
- Depreciation
- $28,314
- Program services (functional)
- $10,301,923
- Management and general (functional)
- $2,242,532
- Fundraising (functional)
- $913,018
Balance sheet and other
- Total assets, start of year
- $14,042,037
- Total assets, end of year
- $14,963,159
- Total liabilities, end of year
- $12,636,923
- Net assets, end of year
- $2,326,236
- Land, buildings and equipment
- $781,925
- Net assets without donor restrictions
- -$6,658,005
- Net assets with donor restrictions
- $8,984,241
- Gross receipts
- $12,134,324
- Employees
- 88
- Volunteers
- 2,791
- Year formed
- 2011
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JUKAY HSU | CO-FOUNDER & CEO Trustee or director, Officer | 42 | $533,974 | $20,850 |
| YONG KANG | CHIEF FINANCIAL OFFICER Officer | 40 | $369,849 | $43,800 |
| CAROLINE OH | CHIEF OPERATING OFFICER Officer | 40 | $372,210 | $23,374 |
| ADIL BILICI | CHIEF PRODUCT OFFICER Key employee | 40 | $367,927 | $22,467 |
| DAVID YANG CO-FOUNDER | CHIEF CREATIVE OFFICER/SECRETARY Trustee or director, Officer | 42 | $335,300 | $30,594 |
| JR JOSE ORTIZ | VP PUBLIC SECTOR INNOVATIONS & EXTERNAL AFFAIRS Key employee | 40 | $250,000 | $7,500 |
| JORDAN MANLEY | HEAD OF SOFTWARE ENGINEERING Highest-paid employee | 40 | $188,742 | $42,107 |
| JOANNA PATTERSON | VP, EMPLOYMENT Key employee | 40 | $207,209 | $16,318 |
| WILL KENNEY | VP OF PURSUIT PBC STRATEGY & OPERATIONS Highest-paid employee | 40 | $213,099 | $10,289 |
| REBECCA LEE | VP, DEVELOPMENT & STRATEGIC PARTNERSHIPS Key employee | 40 | $186,732 | $24,389 |
| OPHELIA CHUA | MD, FINANCE & INVESTMENTS Key employee | 40 | $186,450 | $5,313 |
| SASCHA OWEN | SVP OF POLICY AND EXTERNAL AFFAIRS Highest-paid employee | 40 | $172,598 | $11,382 |
| GREG HOOGUE | BUILD AND COMMUNITY LEAD Highest-paid employee | 40 | $156,803 | $24,431 |
| JP BOWDITCH | MANAGER, STRATEGIC PROPOSALS Highest-paid employee | 40 | $156,388 | $10,690 |
| JENNIFER HENSLEY | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ADAM BELANICH | TREASURER Trustee or director, Officer | 0.5 | $0 |
| ALEX ATALLAH | DIRECTOR Trustee or director | 0.5 | $0 |
| ELIAS ROMAN | DIRECTOR Trustee or director | 0.5 | $0 |
| MICHAEL BOROFSKY | DIRECTOR Trustee or director | 0.5 | $0 |
| ALAN JONES | DIRECTOR Trustee or director | 0.5 | $0 |
| SOO KIM | DIRECTOR Trustee or director | 0.5 | $0 |
| KATY KNIGHT | DIRECTOR Trustee or director | 1 | $0 |
| STUART SPODEK | DIRECTOR Trustee or director | 0.5 | $0 |
| DANIEL TERAN | DIRECTOR Trustee or director | 0.5 | $0 |
| PAUL VIZCARRONDO | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID FOX STERNLIEB | GENERAL COUNSEL Highest-paid employee | 40 | $198,735 | $266,965 |
| JUKAY HSU | CO-FOUNDER & CEO Trustee or director, Officer | 75 | $335,980 | $16,498 |
| CAROLINE OH | CHIEF OPERATING OFFICER Officer | 40 | $291,139 | $17,298 |
| YONG KANG | CHIEF FINANCIAL OFFICER Officer | 40 | $264,288 | $39,089 |
| DAVID YANG CO-FOUNDER | CHIEF CREATIVE OFFICER/SECRETARY Trustee or director, Officer | 60 | $243,869 | $22,250 |
| WILLIAM JAMES KENNEY | VP OF PURSUIT PBC STRATEGY Highest-paid employee | 40 | $205,700 | $5,913 |
| AARON JAVON WALTON | SR DIRECTOR COMMUNICATIONS Highest-paid employee | 40 | $188,882 | $15,650 |
| JORDAN MANLEY | HEAD OF SOFTWARE ENGINEERING Highest-paid employee | 40 | $159,543 | $21,805 |
| MARCUS CORTEZ | DIR. OF BUSINESS OPERATIONS Highest-paid employee | 40 | $136,310 | $11,767 |
| JENNIFER HENSLEY | CHAIR Trustee or director, Officer | 15 | $0 | $0 |
| ADAM BELANICH | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| ALEX ATALLAH | DIRECTOR Trustee or director | 5 | $0 | $0 |
| ELIAS ROMAN | DIRECTOR Trustee or director | 5 | $0 | $0 |
| MICHAEL BOROFSKY | DIRECTOR Trustee or director | 5 | $0 | $0 |
| ALAN JONES | DIRECTOR Trustee or director | 5 | $0 | $0 |
| SOO KIM | DIRECTOR Trustee or director | 5 | $0 | $0 |
| KATY KNIGHT | DIRECTOR Trustee or director | 5 | $0 | $0 |
| STUART SPODEK | DIRECTOR Trustee or director | 5 | $0 | $0 |
| DANIEL TERAN | DIRECTOR Trustee or director | 5 | $0 | $0 |
| PAUL VIZCARRONDO | DIRECTOR Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 47-10 AUSTELL PLACE 2ND FLOOR, LONG ISLAND CITY, NY 11101-4402
- In care of
- % DAVID YANG
- Principal officer (990 for 2024)
- NICHOLAS SIMMONS, 47-10 AUSTELL PLACE 2ND FLOOR, LONG ISLAND CITY, NY 11101
- Signed the 990
- NICHOLAS SIMMONS, CEO
- Phone
- (347) 841-6090
- Website
- WWW.PURSUIT.ORG
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
Mission
THE PURSUIT CORE PROGRAM PROVIDES A PATHWAY OUT OF POVERTY FOR ITS PARTICIPANTS BY GIVING THEM THE SKILLS NECESSARY TO GAIN EMPLOYMENT AS SOFTWARE ENGINEERS THROUGH AN INTENSIVE CLASS THAT INCLUDES 12 MONTHS OF TECHNICAL TRAINING AND JOB READINESS TRAINING PROVIDED UPON COMPLETION OF THE PROGRAM. IN ADDITION TO TEACHING PROGRAMMING SKILLS, THE PROGRAM PROVIDES JOB PLACEMENT ASSISTANCE AND INDUSTRY READINESS THROUGH MOCK INTERVIEWS AND RESUME BUILDING WORKSHOPS, SITE VISITS TO LOCAL TECH COMPANIES, NETWORKING EVENTS, AND OTHER ACTIVITIES. IN PERSON SERVICE HAS BEEN TRANSITIONED TO ONLINE DUE TO PANDEMIC. THE PURSUIT CAMPUS REMAINS REOPEN FOR STUDENTS TO BE ABLE TO COME TO WORK AND LEARN, IF THEY WISH, THOUGH ALL PROGRAMMING WILL BE ACCESSIBLE ONLINE.
Program accomplishments
- THROUGH A FOUR-YEAR INTENSIVE PROGRAM, WE TRAIN ADULTS WITH THE MOST ECONOMIC NEED AND POTENTIAL TO GET THEIR FIRST TECH JOBS, ADVANCE IN THEIR CAREERS, AND BECOME THE NEXT GENERATION OF LEADERS IN TECH. IN ADDITION TO PROVIDING TRAINING AND CAREER SUPPORT, OUR INNOVATIVE OPERATING MODEL COMBINES PARTNERSHIPS WITH TECH COMPANIES TO RETRAIN THEIR BLUE-COLLAR WORKERS AND SOCIAL IMPACT INVESTMENTS TO RE-ENVISION FUNDING FOR OUTCOMES-BASED ORGANIZATIONS. BY CONNECTING TALENT WITH OPPORTUNITY, WE EMPOWER GRADUATES TO BRING CHANGE TO THEIR FAMILIES, TECH COMPANIES, AND COMMUNITIES ACROSS THE NATION.Expenses $10,301,923 · revenue $860,947
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 61-1652332
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2013
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $14,963,159
- Income (IRS master file)
- $12,134,324
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $12,134,324 | $13,457,473 | $14,963,159 | IRS |
| 990 | December 2023 | $10,873,359 | $11,200,120 | $14,042,037 | XML |
| 990 | December 2022 | $7,191,929 | $8,977,578 | $12,001,089 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 61-1652332).
Questions about PURSUIT TRANSFORMATION COMPANY INC
- What is the EIN of PURSUIT TRANSFORMATION COMPANY INC?
- The employer identification number (EIN) of PURSUIT TRANSFORMATION COMPANY INC is 61-1652332.
- Is PURSUIT TRANSFORMATION COMPANY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to PURSUIT TRANSFORMATION COMPANY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PURSUIT TRANSFORMATION COMPANY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PURSUIT TRANSFORMATION COMPANY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PURSUIT TRANSFORMATION COMPANY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PURSUIT TRANSFORMATION COMPANY INC?
- The 990 for the year ended December 31, 2024 names NICHOLAS SIMMONS.
- Who are the officers and directors of PURSUIT TRANSFORMATION COMPANY INC?
- The 990 for the year ended December 31, 2024 lists 25 people; 14 received compensation from the organization, the highest $533,974 (JUKAY HSU, CO-FOUNDER & CEO).
- How much revenue does PURSUIT TRANSFORMATION COMPANY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $12,134,324, expenses of $13,457,473 and total assets of $14,963,159 at year end.
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