Nonprofit · EIN 87-3905064
PURSUING TRANSFORMATION INC
Tax-exempt · PHILADELPHIA, PA 19103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $43,554 | $61,050 | -$17,496 | $2,377,164 | $1,294,740 | $1,082,424 |
| June 30, 2024 | 990 | $13,266 | $48,204 | -$34,938 | $1,860,457 | $760,537 | $1,099,920 |
| June 30, 2023 | 990 | $75,584 | $70,248 | $5,336 | $1,505,459 | $370,601 | $1,134,858 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $11,250
- Program service revenue
- $0
- Investment income
- $32,304
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $40,847
- Program services (functional)
- $61,050
Balance sheet and other
- Total assets, start of year
- $1,860,457
- Total assets, end of year
- $2,377,164
- Total liabilities, end of year
- $1,294,740
- Net assets, end of year
- $1,082,424
- Land, buildings and equipment
- $1,447,192
- Net assets without donor restrictions
- $1,082,424
- Gross receipts
- $43,554
- Employees
- 0
- Volunteers
- 24
- Year formed
- 2021
- State of legal domicile
- PA
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KENNETH HOLDSMAN | PRESIDENT Trustee or director, Officer | 2 | $0 | $312,002 | $29,194 |
| ISAIAH NATHANIEL | TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| BRUCE GOODMAN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
| THOMAS FAULSTICH | CFO (AS OF 01/2025) Officer | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KENNETH HOLDSMAN | PRESIDENT Trustee or director, Officer | 2 | $0 | $295,646 | $15,040 |
| JAYSON TISCHLER | COO Officer | 2 | $0 | $184,327 | $0 |
| ISAIAH NATHANIEL | TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| BRUCE GOODMAN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KENNETH HOLDSMAN | PRESIDENT Trustee or director, Officer | 2 | $0 | $289,895 | $25,731 |
| ISAIAH NATHANIEL | TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| BRUCE GOODMAN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1735 MARKET STREET, PHILADELPHIA, PA 19103-7501
- Principal officer (990 for 2024)
- KENNETH HOLDSMAN, 1735 MARKET STREET, PHILADELPHIA, PA 19103
- Signed the 990
- KENNETH HOLDSMAN, PRESIDENT
- Phone
- (605) 431-6066
- Return prepared by
- CBIZ ADVISORS LLC
Mission
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.
Program accomplishments
- 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.Expenses $61,050
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 87-3905064
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S80)
- Assets (IRS master file)
- $2,377,164
- Income (IRS master file)
- $43,554
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $43,554 | $61,050 | $2,377,164 | IRS |
| 990 | June 2024 | $13,266 | $48,204 | $1,860,457 | IRS |
| 990 | June 2023 | $75,584 | $70,248 | $1,505,459 | XML |
| 990 | June 2022 | $1,087,848 | $18,076 | $1,368,548 | 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 87-3905064).
Questions about PURSUING TRANSFORMATION INC
- What is the EIN of PURSUING TRANSFORMATION INC?
- The employer identification number (EIN) of PURSUING TRANSFORMATION INC is 87-3905064.
- Is PURSUING TRANSFORMATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to PURSUING TRANSFORMATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PURSUING TRANSFORMATION INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of PURSUING TRANSFORMATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PURSUING TRANSFORMATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PURSUING TRANSFORMATION INC?
- The 990 for the year ended June 30, 2025 names KENNETH HOLDSMAN.
- Who are the officers and directors of PURSUING TRANSFORMATION INC?
- The 990 for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does PURSUING TRANSFORMATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $43,554, expenses of $61,050 and total assets of $2,377,164 at year end.
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