Overview
What is Pursuit Transformation Company Inc?
Pursuit Transformation Company Inc is a nonprofit organization located in Long Island City, New York. Their mission is to empower adults with economic need and potential, enabling them to secure their first tech jobs, advance in their careers, and become future tech leaders. They accomplish this through a four-year intensive program that combines technical training, job readiness preparation, partnerships with tech companies, and social impact investments. The program includes 12 months of technical education, job placement assistance, and industry readiness workshops, transitioning to online services due to the pandemic. The organization aims to bridge the gap between talent and opportunity, ultimately empowering individuals to uplift their families, tech companies, and communities nationwide. With a team of 53 dedicated employees, Pursuit Transformation Company Inc is committed to fostering transformation where it is most needed.
Official website here: www.pursuit.org
What are the reviews and ratings of this charity?
**Rating: 93% (Four-Star out of Four Star Rating on Charity Navigator)**
Pursuit Transformation Company Inc has achieved an impressive Four-Star rating on Charity Navigator, signifying a strong commitment to accountability and financial management. With a focus on impact, the organization has scored high in almost all evaluation areas, particularly with a perfect score in Impact and Impact Evaluation, indicating that their programs are effective in empowering low-income adults to access careers in technology.
The nonprofit exhibits several organizational strengths, including exceptional accountability practices, with 85% independent board members and a complete absence of material diversions of assets. Their program expense ratio is also robust at 73.20%, suggesting that a significant portion of their budget is allocated directly to their mission-oriented work. However, the organization does face a challenge with a liabilities-to-assets ratio of 66.86%, which could be seen as a warning sign for financial stability.
Unfortunately, user reviews from GreatNonprofits were not available for this summary. The feedback could potentially provide additional perspectives on the organization's impact and community perception, but it remains uncollected at this time. Overall, Pursuit Transformation Company Inc stands out for its financial integrity and commitment to transformative education for underprivileged adults.
This AI summary has been generated from information found on Charity Navigator.
Is Pursuit Transformation Company Inc legitimate?
Pursuit Transformation Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pursuit Transformation Company Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,114,161
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,208,405
For more financial information, click here
Official website here: www.pursuit.org
What is the mission statement of Pursuit Transformation Company Inc?
Pursuit Transformation Company Inc's mission is centered around fostering transformation in individuals with significant potential, primarily focusing on adults seeking their first roles in the tech industry. Through a comprehensive, long-term program, the company equips these individuals with the necessary skills to secure employment as software engineers. The program encompasses 12 months of intensive technical training and job readiness sessions, culminating in employment placement assistance. Additionally, the program offers industry readiness preparation, such as mock interviews and resume building workshops, site visits to local tech companies, networking events, and various other activities. Due to the pandemic, in-person services have transitioned to an online format, but the campus remains open for students who wish to attend in person for learning purposes. All programming is now accessible online.
Official website here: www.pursuit.org
Who is the CEO of Pursuit Transformation Company Inc?
Jukay Hsu is the Co-Founder & Ceo of Pursuit Transformation Company Inc. The CEO's salary of Pursuit Transformation Company Inc is $320,673 and their total compensation is $330,156.
Official website here: www.pursuit.org
What is the revenue of Pursuit Transformation Company Inc?
Pursuit Transformation Company Inc's revenue in 2022 was $7,191,929.
Official website here: www.pursuit.org
Who are the executives of Pursuit Transformation Company Inc and what are their salaries?
The average compensation at Pursuit Transformation Company Inc during 2022 was $100,426. There are 53 employees at Pursuit Transformation Company Inc.
Here are 22 key members and their salaries (Pursuit Transformation Company Inc's CEO's salary is $320,673 and their total compensation is $330,156):
- Compensation: $320,673
- Related: $0
- Other: $9,483
- Compensation: $231,986
- Related: $0
- Other: $20,506
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $287,008
- Related: $0
- Other: $7,416
- Compensation: $205,248
- Related: $0
- Other: $31,841
- Compensation: $187,478
- Related: $0
- Other: $30,484
- Compensation: $250,248
- Related: $0
- Other: $8
- Compensation: $189,880
- Related: $0
- Other: $128
- Compensation: $162,462
- Related: $0
- Other: $8,965
- Compensation: $148,102
- Related: $0
- Other: $7,528
Official website here: www.pursuit.org
Where can I find the form 990 for Pursuit Transformation Company Inc?
Pursuit Transformation Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pursuit.org
Learn more at the official website: www.pursuit.org
Mission Statement of Pursuit Transformation Company Inc
Pursuit Transformation Company Inc, with a mission to create transformation where it's most needed, focuses on training adults with significant potential to secure their first tech jobs and advance in their careers, ultimately becoming the next generation of tech leaders. Their core program serves as a pathway out of poverty for participants, equipping them with the necessary skills to secure employment as software engineers. This is achieved through an intensive 12-month training program, which includes both technical instruction and job readiness training. Upon completion of the program, participants receive assistance with job placement, industry readiness, and resume building. Mock interviews, site visits to local tech companies, networking events, and other activities are also provided to prepare participants for the tech industry. In response to the pandemic, the in-person service has been transitioned to an online format, although the Pursuit campus remains open for students to attend if they wish. All programming is now accessible online.
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Impact
July, 2024
Pursuit Transformation Company Inc has a significant impact on individuals and communities by providing a pathway out of poverty through their intensive training program. By equipping adults with the necessary skills to secure employment in the tech industry, Pursuit empowers its participants to not only advance in their careers but also become future leaders in the field. This innovative approach not only benefits the individuals involved but also has a broader impact on families, tech companies, and communities nationwide. Through partnerships with tech companies and a focus on outcomes-based funding, Pursuit is redefining how talent is connected with opportunities, ultimately creating lasting change and transformation.
This information is meant to be a general summary of Pursuit Transformation Company Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $550
- Program Service Revenue: $1,495,560
- Gross Receipts: $7,191,929
Assets and Liabilities:
- Total Assets: $12,001,089
- Total Liabilities: $8,024,943
- Net Assets: $3,976,146
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PURSUIT FELLOWSHIP
Revenue
$1,495,560
Organization Details
Founding Year
2011
Phone
(347) 841-6090Principal Officer
Jukay Hsu
Main Address
47-10 AUSTELL PLACE 2ND FLOOR, LONG ISLAND CITY, NY, 11101
Website
www.pursuit.orgNTEE Category
Code: B82 - Education
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