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Nonprofiteer
← PURSUING TRANSFORMATION INC

Form 990 for tax year 2024

Filed by PURSUING TRANSFORMATION INC.

Totals

Total revenue
$43,554
Total expenses
$61,050
Contributions and grants received
$11,250
Grants paid
$0
Program service revenue
$0
Investment income
$32,304
Other revenue
$0
Total assets, end of year
$2,377,164
Total liabilities, end of year
$1,294,740
Net assets or fund balances, end of year
$1,082,424
Program services expenses (Part IX)
$61,050
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$61,050

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $11,250

  • 3 · Investment income

    total $32,304 · excluded $32,304

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $256 · program services $256

  • 16 · Occupancy

    total $40,847 · program services $40,847

  • 23 · Insurance

    total $19,947 · program services $19,947

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $285,498 · end of year $3,126

  • 2 · Savings and temporary cash investments

    beginning of year $206,728 · end of year $906,783

  • 4 · Accounts receivable

    end of year $16,350

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,342 · end of year $3,713

  • 10a · Land, buildings and equipment: cost or other basis

    $1,447,192

  • 10c · Land, buildings and equipment, net

    beginning of year $1,349,889 · end of year $1,447,192

  • 17 · Accounts payable and accrued expenses

    beginning of year $386,797 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $870,750

  • 25 · Other liabilities

    beginning of year $373,740 · end of year $423,990

  • 27 · Net assets without donor restrictions

    beginning of year $1,099,920 · end of year $1,082,424

Mission and programs · 2024

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.

Activities or mission (Part I)

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 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

As filed on the 2024 return.

Listed in Part VII

  • Kenneth Holdsman

    PRESIDENT

    Total calculated
    $341,196
    From this org
    $0
    From related orgs
    $312,002
    Other
    $29,194
    Hours/week
    2 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $264,272 related
    Bonus
    $0 + $47,730 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $29,194 related
    Filer's total
    $0 + $341,196 related

  • Isaiah Nathaniel

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Bruce Goodman

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Thomas Faulstich

    CFO (AS OF 01/2025)

    Total calculated
    $0
    Hours/week
    2 + 42 related

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, and on a Form 990-PF Part VIII's — 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

None.

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2026
IRS schema version
2024v5.5
Source object
202611349349309031

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