PURSUIT TRANSFORMATION COMPANY INC Charity Report

Public IRS 990 nonprofit record

PURSUIT TRANSFORMATION COMPANY INC

EIN 61-1652332 · Scholarships & Student Financial Aid (B82)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $76.60 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders25 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

84.90%of revenue went to mission work76.6% of expenses · Program services

7.52%of revenue went to fundraising6.8% of expenses

$110.90spent for every $100 of revenueSpending was higher than revenue this year.

18.48%of revenue went to management and office costs16.7% of expenses

$1.11in assets for every $1 spent this yearSome assets cannot be spent right away.

91.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $1,323,149 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $554,824 for JUKAY HSU (CO-FOUNDER & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$12,134,324

Mission workProgram services$10,301,92384.90% of revenue76.6% of expenses

ManagementOffice and general costs$2,242,53218.48% of revenue16.7% of expenses

FundraisingAsking for donations$913,0187.52% of revenue6.8% of expenses

Total expenses$13,457,473110.90% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 76.6% mission · 16.7% management · 6.8% fundraisingTotal expenses: 110.90% of revenue

2023Expense mix: 77.4% mission · 17.1% management · 5.5% fundraisingTotal expenses: 103.01% of revenue

2022Expense mix: 76.4% mission · 13.5% management · 10.1% fundraisingTotal expenses: 124.83% of revenue

2021Expense mix: 71.6% mission · 20.2% management · 8.2% fundraisingTotal expenses: 113.53% of revenue

2020Expense mix: 70.4% mission · 23.6% management · 6.0% fundraisingTotal expenses: 63.45% of revenue

2019Expense mix: 70.9% mission · 15.2% management · 14.0% fundraisingTotal expenses: 94.58% of revenue

2018Expense mix: 71.0% mission · 14.8% management · 14.3% fundraisingTotal expenses: 73.35% of revenue

2017Expense mix: 70.7% mission · 12.6% management · 16.7% fundraisingTotal expenses: 106.67% of revenue

Money in and money out

Revenue$12,134,324

Expenses$13,457,473

Annual shortfall $1,323,149 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$10,301,923 · 76.6% of expenses

Management and office costs$2,242,532 · 16.7% of expenses

Fundraising$913,018 · 6.8% of expenses

See all reported dollar amounts

Revenue$12,134,324

Expenses$13,457,473

Assets$14,963,159

Income$12,134,324

Contributions$11,075,903

Mission work (program services)$10,301,923

Fundraising$913,018

Grants given$10,000

Average grant$10,000

Management and general$2,242,532

Accounting fees$108,561

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

JUKAY HSUCO-FOUNDER & CEO · 42 hrs/week $554,824Base $533,974 · Other $20,850

YONG KANGCHIEF FINANCIAL OFFICER · 40 hrs/week $413,649Base $369,849 · Other $43,800

CAROLINE OHCHIEF OPERATING OFFICER · 40 hrs/week $395,584Base $372,210 · Other $23,374

ADIL BILICICHIEF PRODUCT OFFICER · 40 hrs/week $390,394Base $367,927 · Other $22,467

DAVID YANG CO-FOUNDERCHIEF CREATIVE OFFICER/SECRETARY · 42 hrs/week $365,894Base $335,300 · Other $30,594

JR JOSE ORTIZVP PUBLIC SECTOR INNOVATIONS & EXTERNAL AFFAIRS · 40 hrs/week $257,500Base $250,000 · Other $7,500

JORDAN MANLEYHEAD OF SOFTWARE ENGINEERING · 40 hrs/week $230,849Base $188,742 · Other $42,107

JOANNA PATTERSONVP, EMPLOYMENT · 40 hrs/week $223,527Base $207,209 · Other $16,318

WILL KENNEYVP OF PURSUIT PBC STRATEGY & OPERATIONS · 40 hrs/week $223,388Base $213,099 · Other $10,289

REBECCA LEEVP, DEVELOPMENT & STRATEGIC PARTNERSHIPS · 40 hrs/week $211,121Base $186,732 · Other $24,389

OPHELIA CHUAMD, FINANCE & INVESTMENTS · 40 hrs/week $191,763Base $186,450 · Other $5,313

SASCHA OWENSVP OF POLICY AND EXTERNAL AFFAIRS · 40 hrs/week $183,980Base $172,598 · Other $11,382

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (25)

JUKAY HSUCO-FOUNDER & CEO

YONG KANGCHIEF FINANCIAL OFFICER

CAROLINE OHCHIEF OPERATING OFFICER

ADIL BILICICHIEF PRODUCT OFFICER

DAVID YANG CO-FOUNDERCHIEF CREATIVE OFFICER/SECRETARY

JR JOSE ORTIZVP PUBLIC SECTOR INNOVATIONS & EXTERNAL AFFAIRS

JORDAN MANLEYHEAD OF SOFTWARE ENGINEERING

JOANNA PATTERSONVP, EMPLOYMENT

WILL KENNEYVP OF PURSUIT PBC STRATEGY & OPERATIONS

REBECCA LEEVP, DEVELOPMENT & STRATEGIC PARTNERSHIPS

OPHELIA CHUAMD, FINANCE & INVESTMENTS

SASCHA OWENSVP OF POLICY AND EXTERNAL AFFAIRS

GREG HOOGUEBUILD AND COMMUNITY LEAD

JP BOWDITCHMANAGER, STRATEGIC PROPOSALS

ALAN JONESDIRECTOR

ADAM BELANICHTREASURER

STUART SPODEKDIRECTOR

SOO KIMDIRECTOR

PAUL VIZCARRONDODIRECTOR

MICHAEL BOROFSKYDIRECTOR

KATY KNIGHTDIRECTOR

ALEX ATALLAHDIRECTOR

JENNIFER HENSLEYCHAIR

ELIAS ROMANDIRECTOR

DANIEL TERANDIRECTOR

About this charity

Recognized since: January 2013
Location: 47-10 AUSTELL PLACE 2ND FLOOR, LONG ISLAND CITY, NY 11101-4402
County: Queens
In care of: % DAVID YANG
Primary officer: NICHOLAS SIMMONS, CEO

How to reach them

WebsiteVisit the charity’s website Phone(347) 841-6090

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: PKF OCONNOR DAVIES ADVISORY LLC
NTEE classification: Scholarships & Student Financial Aid (B82)
IRS tax category: Scholarships & Student Financial Aid
Grant-giving organization: Yes