Pursuit Transformation Company
Pursuit Transformation Company reported $12.1 million in revenue and $13.5 million in expenses for calendar year 2024. Of every $100 it spent, $76.55 went to program services, $16.66 to management and general costs and $6.79 to fundraising. Its largest source of revenue was contributions and grants: 91.3% of the total. Government grants made up 20.8%. The highest compensation it reported for one person was $554,824 (CO-FOUNDER & CEO). 38 people received more than $100,000 in reportable compensation. Revenue rose 92% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $13MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $12MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 76.6% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 16.7% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 6.8% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.08 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 91.3% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 20.8% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 7.1% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $554,824 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 4.12% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 38 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 2.1 | 13.3 |
| Independent voting board members Part VI 1a–1b | 11 of 13 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseThrough 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
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CO-FOUNDER & CEO Director/trustee, officer, 42.00 hrs/week | $533,974 | $0 | $20,850 | $554,824 |
| CHIEF FINANCIAL OFFICER Officer, 40.00 hrs/week | $369,849 | $0 | $43,800 | $413,649 |
| CHIEF OPERATING OFFICER Officer, 40.00 hrs/week | $372,210 | $0 | $23,374 | $395,584 |
| CHIEF PRODUCT OFFICER Key employee, 40.00 hrs/week | $367,927 | $0 | $22,467 | $390,394 |
| CHIEF CREATIVE OFFICER/SECRETARY Director/trustee, officer, 42.00 hrs/week | $335,300 | $0 | $30,594 | $365,894 |
| VP PUBLIC SECTOR INNOVATIONS & EXTERNAL AFFAIRS Key employee, 40.00 hrs/week | $250,000 | $0 | $7,500 | $257,500 |
| HEAD OF SOFTWARE ENGINEERING Highest compensated employee, 40.00 hrs/week | $188,742 | $0 | $42,107 | $230,849 |
| VP, EMPLOYMENT Key employee, 40.00 hrs/week | $207,209 | $0 | $16,318 | $223,527 |
38 people received more than $100,000 in reportable compensation from Pursuit Transformation Company (Part VII, line 2). Compensation of current officers, directors and key employees totaled $3.0M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b13 · 11 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26Yes
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 588
- Volunteers Part I, line 62,791
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| DIZON INC Event management | $171,819 |
| STUDIO PRODUCTIONS NYC LLC Event production | $135,580 |
| DAVERSA PARTNERS Employment services | $125,000 |
| NEW LEAF CLIMATE PARTNERS LLC Financial and strategic advisory | $124,518 |
Individuals listed as contractors are left out. 8 contractors were paid more than $100,000 in all.
Private foundation grants it received
13 private foundations reported grants to Pursuit Transformation Company totaling $897K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Pursuit Transformation Company's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Pursuit Transformation Company, you can publish a response that is linked from this page.
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Of every $100 Pursuit Transformation Company spent in 2024, $76.55 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Jackson State University Development FoundationJackson, MS · revenue $12M · programs 24.9% · FY2025
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- Shorter CollegeNorth Little Rock, AR · revenue $12M · programs 100.0% · FY2025
- Buffalo State College FoundationBuffalo, NY · revenue $12M · programs 85.6% · FY2025
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Questions people ask
How much of Pursuit Transformation Company's spending goes to programs?
In calendar year 2024, Pursuit Transformation Company reported that 76.6% of its $13.5 million in expenses went to program services, 16.7% to management and general and 6.8% to fundraising (Form 990, Part IX).
How much does Pursuit Transformation Company pay its top executive?
The largest total compensation Pursuit Transformation Company reported for one person in calendar year 2024 was $554,824, for the role of CO-FOUNDER & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Pursuit Transformation Company get its money?
Of $12.1 million in revenue in calendar year 2024, 91.3% came from contributions and grants (including 20.8% from government grants) and 7.1% from program service revenue (Form 990, Part VIII).
Is Pursuit Transformation Company a registered charity?
The IRS lists EIN 61-1652332 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202543219349327139 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202433219349300313 · read the filing
- 2022: Form 990 for calendar year 2022, object 202323199349331507 · read the filing
- 2021: Form 990 for calendar year 2021, object 202213199349330056 · read the filing
- 2020: Form 990 for calendar year 2020, object 202113199349318311 · read the filing
- 2019: Form 990 for calendar year 2019, object 202043219349315629 · read the filing
All filings for EIN 61-1652332: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.