Pursuit Foundation: FY2024 Nonprofit Profile & Form 990 (EIN 74-2179425)

Revenue by fiscal year
FY2020	$7.0M
FY2021	$12.9M
FY2022	$2.8M
FY2023	$610K
FY2024	$850K
FY2025	$1.3M

Expenses by fiscal year
FY2020	$1.5M
FY2021	$20.2M
FY2022	$3.3M
FY2023	$2.9M
FY2024	$2.5M
FY2025	$2.4M

Net assets by fiscal year
FY2020	$45.9M
FY2021	$39.3M
FY2022	$37.9M
FY2023	$35.9M
FY2024	$29.8M
FY2025	$28.2M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1981.

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

Part of a larger organization · Schedule R

Pursuit Foundation files its own Form 990, but Schedule R discloses 3 related entities — figures on this page are for this EIN only, not the whole group.

C R I Federal Services · C R I Commercial Services · The Center for Pursuit · See Schedule R

Combined filings · FY2024 · 4 entities with data

Simple sum of each entity's Form 990 headline figures — not audited consolidated financials. This page's EIN is 5% of group revenue.

Group revenue

$17.2M

Group expenses

$23.1M

Group net assets

$46.5M

C R I Federal Services · $3.8M rev · $3.1M net assets

C R I Commercial Services · $73K rev · $2K net assets

The Center for Pursuit · $12.5M rev · $13.6M net assets

Where the money goes

62 cents of each dollar spent went to programs.

62%

37%

Program services 62% · $1.5M Management & general 37% · $913K Fundraising 1% · $28K

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

Something off? Claim to add context

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII

Charles K Njuguna

President & CEO (from April 2024)

$0Pt VII · Sec A

Glen Shepard

President

$0Pt VII · Sec A

Shaheen Ladhani

Treasurer

$0Pt VII · Sec A

David Baldwin

Trustee

$0Pt VII · Sec A

David Cunningham

Trustee

$0Pt VII · Sec A

Allison Edwards

Trustee

$0Pt VII · Sec A

Lance Reynolds

Trustee

$0Pt VII · Sec A

Lisa Schott

Trustee

$0Pt VII · Sec A

See Pursuit Foundation executive salaries →

On this list? Claim this org

Something off? Claim to add context

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.

Questions for Pursuit Foundation

Tap to ask. Pursuit Foundation sees how many people are interested.

Your first name shows with your question. Pursuit Foundation answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $1.5M · in their own filed words · FY2023

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.

$1.5Mprogram expense

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

Fidelity Investments Charitable Gift FundFY2020$62K

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.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$850K

Ln 12

Investment incomeLn 3$497K

Other incomeLn 4–11$278K

Gifts and grantsLn 1h$75K

Money outPt IX

$2.5M

Ln 25

Programscol B$1.5M

Managementcol C$913K

Fundraisingcol D$28K

Owns and owesPt X

$29.8M

net assets · Ln 32

Cash and savingsLn 1–2$788K

Total assetsLn 16$55.1M

LiabilitiesLn 26$25.4M

PeoplePt VI, VII

11

listed · VII A

PaidVII A0

Voting boardVI 1a7

IndependentVI 1b7

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$75K

Investment incomeLn 3$497K

Other incomeLn 4–11$278K

Gains on assetsLn 7$329K

Total revenueLn 12$850K

Assets in detailPt X, end of year

CashLn 1$464K

SavingsLn 2$324K

Cash and savings togetherLn 1–2$788K

InvestmentsLn 11–13$6.9M

Land, buildings, equipmentLn 10c$43.8M

Other assetsLn 15$3.6M

Total assetsLn 16$55.1M

LiabilitiesLn 26$25.4M

Net assetsLn 32$29.8M

OperationsPt I, VI

EmployeesI 50

VolunteersI 66

Fiscal year endsHeaderJune

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$2.0M	$788K
InvestmentsLn 11–13	$9.1M	$6.9M
Land, buildings, equipmentLn 10c	$44.8M	$43.8M
Total assetsLn 16	$60.5M	$55.1M
LiabilitiesLn 26	$24.6M	$25.4M
Net assetsLn 32	$35.9M	$29.8M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$77K	$77K
Investment management feesLn 11f	$40K		$40K
Other fees for servicesLn 11g	$44K		$44K
Office expensesLn 13	$98K		$98K	$156
OccupancyLn 16	$145K	$96K	$47K	$2K
InterestLn 20	$940K	$611K	$317K	$12K
Depreciation, depletion and amortizationLn 22	$1.1M	$707K	$345K	$13K
Other expenses (24a–d)Ln 24	$65K	$43K	$21K	$820
Total functional expensesLn 25	$2.5M	$1.5M	$913K	$28K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$1.3M	$2.4M	−$1.0M	$28.2M	990 PDF
FY2024 Viewing	$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

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $850,434 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $291,500$75,300

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year −$5,252$496,909

I-11 Other revenuePrior year $324,188$278,225

I-12 Total revenuePrior year $610,436$850,434

I-13 Grants and similar amounts paidPrior year $90,000$76,823

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $165,000$0

I-17 Other expensesPrior year $2,676,389$2,398,313

I-18 Total expensesPrior year $2,931,389$2,475,136

I-19 Revenue less expensesPrior year −$2,320,953−$1,624,702

Part VI · Governance 7 of 7 board members independent, 1 to look at

VI-1a Voting members of the governing body7

VI-1b Independent voting members7

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $850,434 across 6 lines filed

VIII-1f All other contributions, gifts and grants$75,300

VIII-1h Total contributions, gifts and grants$75,300

VIII-3 Investment incomeExcluded from tax $167,878$167,878

VIII-6 Net rental income or lossRelated to mission $278,225$278,225

VIII-7 Net gain or loss on sales of assetsExcluded from tax $329,031$329,031

VIII-12 Total revenueRelated to mission $278,225 · Unrelated business $0 · Excluded from tax $496,909$850,434

Part IX · Statement of functional expenses $2,475,136 across 8 lines filed

IX-1 Grants to domestic organizationsPrograms $76,823$76,823

IX-11f Investment management feesManagement $40,224$40,224

IX-11g Other fees for servicesManagement $44,403$44,403

IX-13 Office expensesManagement $98,106 · Fundraising $156$98,262

IX-16 OccupancyPrograms $96,166 · Management $46,887 · Fundraising $1,822$144,875

IX-20 InterestPrograms $610,678 · Management $317,290 · Fundraising $11,568$939,536

IX-22 Depreciation, depletion and amortizationPrograms $707,441 · Management $344,922 · Fundraising $13,400$1,065,763

IX-24 Other expenses (24a–d)Programs $43,312 · Management $21,118 · Fundraising $820$65,250

IX-25 Total functional expensesPrograms $1,534,420 · Management $912,950 · Fundraising $27,766$2,475,136

Part X · Balance sheet $55,127,915 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $585,791$464,154

X-2 Savings and temporary cash investmentsStart of year $1,380,228$323,749

X-3 Pledges and grants receivableStart of year $442,936$64,450

X-10c Land, buildings and equipment, netStart of year $44,847,166$43,766,648

X-11 Publicly traded securitiesStart of year $9,052,888$6,877,189

X-15 Other assetsStart of year $3,634,492$3,631,725

X-16 Total assetsStart of year $60,471,750$55,127,915

X-17 Accounts payable and accrued expensesStart of year $143,921$179,871

X-19 Deferred revenueStart of year $308,145$139,858

X-26 Total liabilitiesStart of year $24,613,517$25,365,928

X-27 Net assets without donor restrictionsStart of year $34,411,392$28,217,003

X-28 Net assets with donor restrictionsStart of year $1,446,841$1,544,984

X-32 Total net assets or fund balancesStart of year $35,858,233$29,761,987

X-33 Total liabilities and net assetsStart of year $60,471,750$55,127,915

Part XI · Reconciliation of net assets $29,761,987 net assets at year end

XI-1 Total revenue$850,434

XI-2 Total expenses$2,475,136

XI-3 Revenue less expenses−$1,624,702

XI-4 Net assets at start of year$35,858,233

XI-5 Net unrealized gains (losses) on investments$218,379

XI-9 Other changes in net assets−$4,689,923

XI-10 Net assets at end of year$29,761,987

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

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

Pursuit Foundation FY2024 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Pursuit Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV

Pursuit Foundation FY2024 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Pursuit Foundation

Funders

Grants

Related Organizations

By the numbers

Filing history

Schedules filed Part IV