2025-11-17T20:36:12-06:00 2024-12-31 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2024-01-01 611652332 PURSUIT TRANSFORMATION COMPANY INC PURS 3478416090 47-10 AUSTELL PLACE 2ND FLOOR LONG ISLAND CITY NY 11101 NICHOLAS SIMMONS CEO 3478416090 2025-11-17 1 1 EVA MRUK P00543254 2122862600 2025-11-16 2024 2025-03-06 01:10:19Z NICHOLAS SIMMONS 47-10 AUSTELL PLACE 2ND FLOOR LONG ISLAND CITY NY 11101 12134324 0 X WWW.PURSUIT.ORG X 2011 NY PURSUIT CREATES TRANSFORMATION WHERE IT'S NEEDED MOST. THROUGH OUR LONG-TERM INTENSIVE PROGRAM, WE TRAIN ADULTS WITH THE MOST NEED AND POTENTIAL TO GET THEIR FIRST TECH JOBS, ADVANCE IN THEIR CAREERS, AND BECOME THE NEXT GENERATION OF LEADERS IN TECH. 13 11 88 2791 0 0 9273382 11075903 1301861 860947 298116 196961 0 513 10873359 12134324 10000 0 0 0 6988243 8957738 0 0 913018 4201877 4499735 11200120 13457473 -326761 -1323149 14042037 14963159 10392652 12636923 3649385 2326236 X 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. 0 0 10301923 0 860947 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. 10301923 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 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 1 X 34 0 88 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X YONG KANG 6468126417 47-10 AUSTELL PLACE 2ND FLOOR LONG ISLAND CITY NY 11101 JUKAY HSU CO-FOUNDER & CEO 42.00 X X 533974 0 20850 DAVID YANG CO-FOUNDER CHIEF CREATIVE OFFICER/SECRETARY 42.00 X X 335300 0 30594 JENNIFER HENSLEY CHAIR 1.00 X X 0 0 0 ADAM BELANICH TREASURER 0.50 X X 0 0 0 ALEX ATALLAH DIRECTOR 0.50 X 0 0 0 ELIAS ROMAN DIRECTOR 0.50 X 0 0 0 MICHAEL BOROFSKY DIRECTOR 0.50 X 0 0 0 ALAN JONES DIRECTOR 0.50 X 0 0 0 SOO KIM DIRECTOR 0.50 X 0 0 0 KATY KNIGHT DIRECTOR 1.00 X 0 0 0 STUART SPODEK DIRECTOR 0.50 X 0 0 0 DANIEL TERAN DIRECTOR 0.50 X 0 0 0 PAUL VIZCARRONDO DIRECTOR 0.50 X 0 0 0 CAROLINE OH CHIEF OPERATING OFFICER 40.00 X 372210 0 23374 YONG KANG CHIEF FINANCIAL OFFICER 40.00 X 369849 0 43800 ADIL BILICI CHIEF PRODUCT OFFICER 40.00 X 367927 0 22467 JR JOSE ORTIZ VP PUBLIC SECTOR INNOVATIONS & EXTERNAL AFFAIRS 40.00 X 250000 0 7500 JOANNA PATTERSON VP, EMPLOYMENT 40.00 X 207209 0 16318 REBECCA LEE VP, DEVELOPMENT & STRATEGIC PARTNERSHIPS 40.00 X 186732 0 24389 OPHELIA CHUA MD, FINANCE & INVESTMENTS 40.00 X 186450 0 5313 WILL KENNEY VP OF PURSUIT PBC STRATEGY & OPERATIONS 40.00 X 213099 0 10289 JORDAN MANLEY HEAD OF SOFTWARE ENGINEERING 40.00 X 188742 0 42107 SASCHA OWEN SVP OF POLICY AND EXTERNAL AFFAIRS 40.00 X 172598 0 11382 JP BOWDITCH MANAGER, STRATEGIC PROPOSALS 40.00 X 156388 0 10690 GREG HOOGUE BUILD AND COMMUNITY LEAD 40.00 X 156803 0 24431 3697281 0 293504 38 0 1 0 RAQUEL MARTINEZ 34-56 33RD STREET APARTMENT 1 ASTORIA NY 11106 GROWTH & ADMISSIONS 206000 DIZON INC 119 WEST 24TH STREET 4TH FLOOR NEW YORK NY 10011 EVENT MANAGEMENT 171819 STUDIO PRODUCTIONS NYC LLC 660 12TH AVENUE 5TH FLOOR NEW YORK NY 10019 EVENT PRODUCTION 135580 DAVERSA PARTNERS 55 GREENS FARMS ROAD WESTPORT CT 06880 EMPLOYMENT SERVICES 125000 NEW LEAF CLIMATE PARTNERS LLC PO BOX 486 LINCOLN PARK NJ 07035 FINANCIAL AND STRATEGIC ADVISORY 124518 8 2522203 8553700 11075903 PURSUIT FELLOWSHIP 611420 860947 860947 860947 196961 196961 MISCELLANEOUS 900099 513 513 513 12134324 860947 0 197474 X 3004256 2226982 583948 193326 4821362 3685016 828493 307853 107120 43781 55674 7665 346645 141679 180162 24804 678355 346420 201981 129954 47525 42304 697 4524 108561 96634 1592 10335 57000 57000 1826388 1595885 95620 134883 98901 98705 196 260079 246581 8588 4910 174839 165855 5655 3329 521294 455389 47622 18283 449935 371891 16953 61091 66218 54732 2495 8991 602271 602271 28314 28314 BAD DEBT 177901 177901 REPAIR & MAINTENANCE 72021 62916 6579 2526 STAFF DEVELOPMENT 5626 5167 165 294 DUES & MEMBERSHIPS 2862 2715 93 54 13457473 10301923 2242532 913018 10804783 2782299 52302 2454304 2748822 8458415 66498 113774 1301029 519104 4036 781925 140000 140000 225596 232442 14042037 14963159 235371 738102 0 101098 10082143 11720331 75138 77392 10392652 12636923 X 1082893 -6658005 2566492 8984241 3649385 2326236 14042037 14963159 -1323149 0 X X 0 1 X 1 0 X 7904207 5288423 5695807 9273382 11075903 39237722 7904207 5288423 5695807 9273382 11075903 39237722 8891033 30346689 1801 949 562 298116 196961 498389 2811 513 3324 39739435 6121827 0.76360 0.85640 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2020 AMOUNT: $ 2,811. 2024 AMOUNT: $ 513. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 86841 0 0 86841 0 PART II-B, LINE 1: THE ORGANIZATION ENGAGED REGISTERED LOBBYISTS TO PROVIDE LEGISLATIVE AND REGULATORY REPRESENTATION IN NEW YORK STATE AND NEW YORK CITY. ACTIVITIES FOCUSED ON POLICIES AND FUNDING RELATED TO WORKFORCE DEVELOPMENT AND TECHNOLOGY TRAINING PROGRAMS CONSISTENT WITH THE ORGANIZATION'S MISSION. 46790 46790 0 396497 386858 9639 857742 85456 772286 781925 LEASE LIABILITY 77392 77392 X 12295272 160948 160948 12134324 0 12134324 13618421 160948 160948 13457473 0 13457473 PART X, LINE 2: THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR TAX YEARS PRIOR TO 2021. X 1 1 X X X X 0 0 0 0 0 0 0 1 0 JUKAY HSU CO-FOUNDER & CEO 533974 0 0 0 0 0 10231 0 10619 0 554824 0 0 0 YONG KANG CHIEF FINANCIAL OFFICER 369849 0 0 0 0 0 10350 0 33450 0 413649 0 0 0 CAROLINE OH CHIEF OPERATING OFFICER 372210 0 0 0 0 0 10350 0 13024 0 395584 0 0 0 ADIL BILICI CHIEF PRODUCT OFFICER 367927 0 0 0 0 0 10350 0 12117 0 390394 0 0 0 DAVID YANG CO-FOUNDER CHIEF CREATIVE OFFICER/SECRETARY 335300 0 0 0 0 0 5121 0 25473 0 365894 0 0 0 JR JOSE ORTIZ VP PUBLIC SECTOR INNOVATIONS & EXTER 250000 0 0 0 0 0 7500 0 0 0 257500 0 0 0 JORDAN MANLEY HEAD OF SOFTWARE ENGINEERING 188742 0 0 0 0 0 5999 0 36108 0 230849 0 0 0 JOANNA PATTERSON VP, EMPLOYMENT 207209 0 0 0 0 0 5625 0 10693 0 223527 0 0 0 WILL KENNEY VP OF PURSUIT PBC STRATEGY & OPERATI 213099 0 0 0 0 0 4535 0 5754 0 223388 0 0 0 REBECCA LEE VP, DEVELOPMENT & STRATEGIC PARTNERS 186732 0 0 0 0 0 5000 0 19389 0 211121 0 0 0 OPHELIA CHUA MD, FINANCE & INVESTMENTS 186450 0 0 0 0 0 5313 0 0 0 191763 0 0 0 SASCHA OWEN SVP OF POLICY AND EXTERNAL AFFAIRS 172598 0 0 0 0 0 5207 0 6175 0 183980 0 0 0 GREG HOOGUE BUILD AND COMMUNITY LEAD 156803 0 0 0 0 0 4500 0 19931 0 181234 0 0 0 JP BOWDITCH MANAGER, STRATEGIC PROPOSALS 141388 0 15000 0 0 0 2356 0 8334 0 167078 0 0 0 PART I, LINE 1A THE ORGANIZATION MAINTAINS A PROFESSIONAL-ASSOCIATION MEMBERSHIP FOR THE CEO USED SOLELY FOR BUSINESS-DEVELOPMENT PURPOSES; THE COST IS TREATED AS A NONTAXABLE WORKING-CONDITION FRINGE UNDER IRC 132. PART I, LINE 7 THE ORGANIZATION PAID A ONE-TIME BOARD APPROVED BONUS IN 2024. JUKAY HSU CO-FOUNDER & CEO PROMISSORY NOTE - GENERAL OPERATING X 100000 101098 0 1 1 101098 FORM 990, PART V, LINE 2A: THE ORGANIZATION CONTRACTED WITH A PROFESSIONAL EMPLOYER ORGANIZATION (PEO) FOR SERVICES, INCLUDING BUT NOT LIMITED TO, PAYROLL, TIMEKEEPING, EMPLOYEE BENEFITS, HR ADMINISTRATION AND WORKFORCE REGULATORY COMPLIANCE NEEDS. AS THE EMPLOYER OF RECORD FOR TAX PURPOSES, FORMS W-2 AND W-3 ARE ISSUED BY THE PEO AND FILED UNDER THE PEO'S FEDERAL EIN. IN THIS CO-EMPLOYMENT ARRANGEMENT, THE ORGANIZATION IS THE COMMON LAW EMPLOYER AND, ACCORDINGLY, COMPENSATION IS REPORTED ON FORM 990, PART VII, SECTION A AND PART IX, LINES 5-10. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY MANAGEMENT AND A COPY OF THE RETURN IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST DISCLOSURE STATEMENT IS FURNISHED ANNUALLY TO THE BOARD BY EACH DIRECTOR AND OFFICER. THE DISCLOSURE STATEMENTS ARE REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS OR BY A COMMITTEE THEREOF. IN ADDITION, EACH DIRECTOR, AND OFFICER MUST REPORT PROMPTLY TO THE CHAIR OF THE BOARD ANY POTENTIAL CONFLICT OF INTEREST AS AND WHEN IT ARISES. ALL QUESTIONS AS TO WHETHER A CONFLICT OF INTEREST EXISTS WILL BE RESOLVED BY A VOTE OF THE BOARD OF DIRECTORS IN WHICH THE INTERESTED INDIVIDUAL MAY NOT VOTE. SUCH MATTERS INVOLVING THE EXISTENCE OF CONFLICTS OF INTEREST ARE TO BE DOCUMENTED IN THE MINUTES OF THE GOVERNING BOARD. THE MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS OR COMMITTEE THEREOF WILL REFLECT (A) THAT THE CONFLICT OF INTEREST WAS DISCLOSED, (B) THAT THE INTERESTED DIRECTOR OR OFFICER WAS NOT PRESENT DURING THE FINAL DISCUSSION OR VOTE OF THE BOARD OF DIRECTORS OR COMMITTEE, AND (C) THAT THE INTERESTED INDIVIDUAL ABSTAINED FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE CEO AND ALL OTHER OFFICERS (CHIEF CREATIVE OFFICER, CHIEF FINANCIAL OFFICER, AND CHIEF OPERATING OFFICER) IS DETERMINED BY THE COMPENSATION COMMITTEE USING AVAILABLE COMPARATIVE MARKET DATA OF EXECUTIVES AT SIMILAR-SIZED NOT-FOR-PROFIT AND GROWTH TECHNOLOGY ORGANIZATIONS IN THE NEW YORK AREA. THE PROCESS WAS LAST CONDUCTED IN 2023 AND WAS DOCUMENTED IN THE MINUTES OF THE BOARD MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G SECURITY SERVICE CONSULTANT: PROGRAM SERVICE EXPENSES 101,180. MANAGEMENT AND GENERAL EXPENSES 1,667. FUNDRAISING EXPENSES 10,821. TOTAL EXPENSES 113,668. PAYROLL SERVICE FEES: PROGRAM SERVICE EXPENSES 25,306. MANAGEMENT AND GENERAL EXPENSES 47,787. FUNDRAISING EXPENSES 16,547. TOTAL EXPENSES 89,640. PROGRAM AND OTHER CONSULTING FEES: PROGRAM SERVICE EXPENSES 1,469,399. MANAGEMENT AND GENERAL EXPENSES 46,166. FUNDRAISING EXPENSES 107,515. TOTAL EXPENSES 1,623,080. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.