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Nonprofiteer
← PURSUIT TRANSFORMATION COMPANY INC

Form 990 for tax year 2022

Filed by PURSUIT TRANSFORMATION COMPANY INC.

Totals

Total revenue
$7,191,929
Total expenses
$8,977,578
Contributions and grants received
$5,695,807
Grants paid
$3,863
Program services expenses (Part IX)
$6,858,576
Management and general expenses
$1,212,861
Fundraising expenses
$906,141
Program service expenses (Part III)
$6,858,576

Program services were 76.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JUKAY HSU

    CO-FOUNDER & CEO

    Total calculated
    $330,156
    From this org
    $320,673
    From related orgs
    $0
    Other
    $9,483
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $320,673
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $9,483
    Filer's total
    $330,156

  • DAVID YANG CO-FOUNDER

    CHIEF CREATIVE OFFICER/SEC

    Total calculated
    $252,492
    From this org
    $231,986
    From related orgs
    $0
    Other
    $20,506
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $231,986
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $20,506
    Filer's total
    $252,492

  • JENNIFER HENSLEY

    CHAIR

    Total calculated
    $0
    Hours/week
    1.5

  • ADAM BELANICH

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5

  • ELIAS ROMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • MICHAEL BOROFSKY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • STEVE BRILL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • ALEX FINERMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • ALAN JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • SENATOR BOB KERREY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • SOO KIM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • KATY KNIGHT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • JASON MILLER

    DIRECTOR (THRU APR 2021)

    Total calculated
    $0
    Hours/week
    0.5

  • STUART SPODEK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • DANIEL TERAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • CAROLINE OH

    CHIEF OPERATING OFFICER

    Total calculated
    $294,424
    From this org
    $287,008
    From related orgs
    $0
    Other
    $7,416
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $287,008
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $7,416
    Filer's total
    $294,424

  • YONG KANG

    CHIEF FINANCIAL OFFICER

    Total calculated
    $237,089
    From this org
    $205,248
    From related orgs
    $0
    Other
    $31,841
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,248
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $31,841
    Filer's total
    $237,089

  • DAVID FOX STERNLIEB

    GENERAL COUNSEL

    Total calculated
    $217,962
    From this org
    $187,478
    From related orgs
    $0
    Other
    $30,484
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,478
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $30,484
    Filer's total
    $217,962

  • SUNDAR JAYABOSE

    GENERAL MANAGER

    Total calculated
    $250,256
    From this org
    $250,248
    From related orgs
    $0
    Other
    $8
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $250,248
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8
    Filer's total
    $250,256

  • WILLIAM JAMES KENNEY

    VP OF PURSUIT PBC STRATEGY & OPERATIONS

    Total calculated
    $190,008
    From this org
    $189,880
    From related orgs
    $0
    Other
    $128
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,880
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $128
    Filer's total
    $190,008

  • LILLIAN JANE SCHENCK

    DIRECTOR OF CORE PROGRAMS

    Total calculated
    $171,427
    From this org
    $162,462
    From related orgs
    $0
    Other
    $8,965
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,462
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,965
    Filer's total
    $171,427

  • AARON JAVON WALTON

    SR DIRECTOR COMMUNICATIONS

    Total calculated
    $155,630
    From this org
    $148,102
    From related orgs
    $0
    Other
    $7,528
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,102
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $7,528
    Filer's total
    $155,630

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE ORGANIZATION'S CEO MAINTAINS A MEMBERSHIP AT THE HARVARD BUSINESS SCHOOL CLUB OF NEW YORK FOR BUSINESS DEVELOPMENT PURPOSES. THE EXPENSE IS AN ORDINARY AND NECESSARY BUSINESS EXPENSE OF THE ORGANIZATION, AND IS THEREFORE TREATED AS NONTAXABLE TO HIM UNDER IRC SECTION 132.
PART I, LINE 7
THE ORGANIZATION PAID A ONE-TIME BOARD APPROVED BONUS IN 2021.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202323199349331507

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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