Pursuit Foundation

Tax-deductible

Houston, TX501(c)(3)Since 1981Human ServicesEIN 74-2179425

The mission of the pursuit foundation is to provide necessary financial resources to the center for pursuit to meet the needs of persons with developmental disabilities, autism, and similar conditions by providing residential and day program services, including support services in community based settings such as family homes, small group homes, and supported living. Program activities encompass employment opportunities, life skills training, physical and emotional wellness support, and specialized healthcare services.

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
Run by 6 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $1.3M a year · 26% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $62K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$25.7M
48% of total assets
Looks good: liabilities are 48% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
+59% vs prior year
Spent
$2.4M
To programs
66%
Net assets
$28.2M
By yearFY2020–FY2024
Revenue
$1.3M
FY2024▲ +59%
Revenue by fiscal year
FY2020$7.0M
FY2021$12.9M
FY2022$2.8M
FY2023$610K
FY2024$850K
FY2024$1.3M
Expenses
$2.4M
FY2024▼ -4%
Expenses by fiscal year
FY2020$1.5M
FY2021$20.2M
FY2022$3.3M
FY2023$2.9M
FY2024$2.5M
FY2024$2.4M
Net assets
$28.2M
FY2024▼ -5%
Net assets by fiscal year
FY2020$45.9M
FY2021$39.3M
FY2022$37.9M
FY2023$35.9M
FY2024$29.8M
FY2024$28.2M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1981.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $1.6M Management & general 32% · $772K Fundraising 1% · $28K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
President & CEO
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chief Operating Officer
$0Pt VII · Sec A
See Pursuit Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides support for The Center For Pursuit's programs and services.

Provided by the organization

This section is blank until Pursuit Foundation claims this page.

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1 program service account for $1.6M of program spending, described in the organization's own filed words · FY2024.
01

The mission of the pursuit foundation is to provide necessary financial resources to the center for pursuit to meet the needs of persons with developmental disabilities by providing residential and day program services, including support services in community based settings such as family homes, small group homes, and supported living.

$1.6Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2020
Total grants receivedfrom 1 funder$62K
Grants paid · 6 grants · $19.2M · 2019–2024
The Center for PursuitTX · FY2024$75,000
The Center for PursuitTX · FY2023$76,823
The Center for PursuitTX · FY2022$90,000
The Center for PursuitTX · FY2021$150,000
The Center for PursuitTX · FY2020$18,516,800
The Center for PursuitTX · FY2019$300,103

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Investment incomeLn 3$970K
Other incomeLn 4–11$379K
Gifts and grantsLn 1h$100
Money outPt IX
$2.4M
Ln 25
Programscol B$1.6M
Managementcol C$772K
Fundraisingcol D$28K
Owns and owesPt X
$28.2M
net assets · Ln 32
Cash and savingsLn 1–2$364K
Total assetsLn 16$53.8M
LiabilitiesLn 26$25.7M
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$100
Investment incomeLn 3$970K
Other incomeLn 4–11$379K
Gains on assetsLn 7$876K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$356K
SavingsLn 2$8K
Cash and savings togetherLn 1–2$364K
InvestmentsLn 11–13$5.0M
Land, buildings, equipmentLn 10c$42.7M
Other assetsLn 15$5.6M
Total assetsLn 16$53.8M
LiabilitiesLn 26$25.7M
Net assetsLn 32$28.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$788K$364K
InvestmentsLn 11–13$6.9M$5.0M
Land, buildings, equipmentLn 10c$43.8M$42.7M
Total assetsLn 16$55.1M$53.8M
LiabilitiesLn 26$25.4M$25.7M
Net assetsLn 32$29.8M$28.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$75K$75K
Investment management feesLn 11f$28K$28K
Office expensesLn 13$4K$4K$6
OccupancyLn 16$206K$137K$67K$3K
InterestLn 20$321K$209K$108K$4K
Depreciation, depletion and amortizationLn 22$1.7M$1.1M$550K$21K
All other expensesLn 24e$47K$31K$15K$594
Total functional expensesLn 25$2.4M$1.6M$772K$28K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $850K$2.5M−$1.6M$29.8M 990 PDF
FY2023 $610K$2.9M−$2.3M$35.9M 990 PDF
FY2022 $2.8M$3.3M−$524K$37.9M 990 PDF
FY2021 $12.9M$20.2M−$7.4M$39.3M 990 PDF
FY2020 $7.0M$1.5M$5.5M$45.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,348,533 across 6 lines filed
Lines not itemized here account for $8,533 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$100
VIII-1h Total contributions, gifts and grants$100
VIII-3 Investment incomeExcluded from tax $93,741$93,741
VIII-6 Net rental income or lossRelated to mission $370,033$370,033
VIII-7 Net gain or loss on sales of assetsExcluded from tax $876,126$876,126
VIII-12 Total revenueRelated to mission $370,033 · Unrelated business $0 · Excluded from tax $978,400$1,348,533
Part IX · Statement of functional expenses $2,379,700 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $75,000$75,000
IX-11f Investment management feesManagement $28,206$28,206
IX-13 Office expensesManagement $3,844 · Fundraising $6$3,850
IX-16 OccupancyPrograms $136,612 · Management $66,607 · Fundraising $2,588$205,807
IX-20 InterestPrograms $208,509 · Management $108,335 · Fundraising $3,950$320,794
IX-22 Depreciation, depletion and amortizationPrograms $1,127,639 · Management $549,795 · Fundraising $21,359$1,698,793
IX-24e All other expensesPrograms $31,364 · Management $15,292 · Fundraising $594$47,250
IX-25 Total functional expensesPrograms $1,579,124 · Management $772,079 · Fundraising $28,497$2,379,700
Part X · Balance sheet $53,816,679 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $464,154$355,705
X-2 Savings and temporary cash investmentsStart of year $323,749$7,933
X-3 Pledges and grants receivableStart of year $64,450$69,850
X-4 Accounts receivableStart of year $0$23,536
X-10c Land, buildings and equipment, netStart of year $43,766,648$42,695,770
X-11 Publicly traded securitiesStart of year $6,877,189$5,019,568
X-15 Other assetsStart of year $3,631,725$5,644,317
X-16 Total assetsStart of year $55,127,915$53,816,679
X-17 Accounts payable and accrued expensesStart of year $179,871$67,883
X-19 Deferred revenueStart of year $139,858$0
X-26 Total liabilitiesStart of year $25,365,928$25,651,599
X-27 Net assets without donor restrictionsStart of year $28,217,003$26,620,098
X-28 Net assets with donor restrictionsStart of year $1,544,984$1,544,982
X-32 Total net assets or fund balancesStart of year $29,761,987$28,165,080
X-33 Total liabilities and net assetsStart of year $55,127,915$53,816,679
Part XI · Reconciliation of net assets $28,165,080 net assets at year end
XI-1 Total revenue$1,348,533
XI-2 Total expenses$2,379,700
XI-3 Revenue less expenses−$1,031,167
XI-4 Net assets at start of year$29,761,987
XI-5 Net unrealized gains (losses) on investments−$582,050
XI-8 Prior period adjustments$16,310
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$28,165,080

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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