PURSUIT FOUNDATION: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
PURSUIT FOUNDATION (EIN 74-2179425)
Tax period
2020-07-01 to 2021-06-30
Filed
2022-05-16
IRS object ID
202231369349314538
Schema version
2020v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-05-16T17:06:06-05:00ReturnTs
Tax Period End2021-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN760269860PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Blazek & VetterlingBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12900 Weslayan Suite 200AddressLine1Txt
CityHoustonCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77027ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN742179425EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Pursuit FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPURSBusinessNameControlTxt
Phone7135258405PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14400 Harrisburg BlvdAddressLine1Txt
CityHoustonCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77011ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPeggy DeBartoloPersonNm
Person TitleCFOPersonTitleTxt
Phone7135258405PhoneNum
Signature2022-05-16SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstPeggyPersonFirstNm
Person LastDeBartoloPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBarbara MurphyPreparerPersonNm
PTINP01386215PTIN
Phone7134395739PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerCharles CantonPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line14400 Harrisburg BlvdAddressLine1Txt
CityHoustonCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77011ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$15,654,954GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.thecenterhouston.orgWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1981FormationYr
Legal Domicile StateTXLegalDomicileStateCd
Activity Or MissionSupporting organization for The Center For Pursuit.ActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers5TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$6,276,708PYContributionsGrantsAmt
CY Contributions Grants$5,198,561CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$621,887PYInvestmentIncomeAmt
CY Investment Income$7,687,419CYInvestmentIncomeAmt
PY Other Revenue$90,639PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$6,989,234PYTotalRevenueAmt
CY Total Revenue$12,885,980CYTotalRevenueAmt
PY Grants And Similar Paid$300,103PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$18,516,800CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$180,000PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$180,000CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$180,000CYTotalFundraisingExpenseAmt
PY Other Expenses$1,043,809PYOtherExpensesAmt
CY Other Expenses$1,542,624CYOtherExpensesAmt
PY Total Expenses$1,523,912PYTotalExpensesAmt
CY Total Expenses$20,239,424CYTotalExpensesAmt
PY Revenues Less Expenses$5,465,322PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$7,353,444CYRevenuesLessExpensesAmt
Total Assets BOY$50,732,582TotalAssetsBOYAmt
Total Assets EOY$65,855,899TotalAssetsEOYAmt
Total Liabilities BOY$4,862,960TotalLiabilitiesBOYAmt
Total Liabilities EOY$26,541,977TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$45,869,622NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$39,313,922NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionThe 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 and autism 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.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$19,834,740ExpenseAmt
Grant$18,516,800GrantAmt
DescSee Schedule OProvide financial support for The Center For Pursuit, to ensure it can provide residential, vocational, and day services that promote individual choice, personal growth, and independence for adults with developmental disabilities. In fiscal year 2021 the Foundation secured New Market Tax Credits (NMTC) financing for the construction of the Welcome Center and Wellness building and to hold ownership of this property.The Foundation executed loan agreements with Community Development Entities to finance the construction of the new Welcome Center and Wellness building and are intended to be treated as a "qualified low-income community investment" for purposes of generating New Market Tax Credits under Section 45D of the Internal Revenue Code of 1986, as amended. The loans are secured by a property deed of trust, security agreement, assignment of rents and financing statements, certain bank accounts, and fixture filing on this property and a guaranty by The Center.The Foundation, transferred $18,366,800 to the Center to fund the note described in the next paragraph. The Center entered into an agreement on December 29, 2020 to lend $18,366,800 to Center for Pursuit Investment Fund, LLC (NMTC Fund). The note is secured by NMTC Fund's membership interest in Urban Development Fund 58, LLC, PeopleFund NMTC 18, LLC, New Market Investment 131, LLC and TMC Sub-CDE 44, LLC (collectively the Sub-CDEs) and other cash accounts and property held by a secured party. The interest rate on the note is fixed at 1%. Interest is due quarterly beginning March 25, 2021 until March 2028. Thereafter, principal and interest payments are due quarterly with all unpaid principal and interest due on December 29, 2050, the maturity date. Interest earned and received was$91,834 in 2021.Desc
Total Program Service Expenses$19,834,740TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit CounselingYes (1)CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional FundraisingYes (1)ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Peggy DeBartoloBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7135258405PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14400 Harrisburg BlvdAddressLine1Txt
CityHoustonCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77011ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
Glen Shepard
President4.001.00Yes (X)Yes (X)$0$0$0
David Cunningham
Treasurer4.001.00Yes (X)Yes (X)$0$0$0
Shaheen Ladhani
Secretary4.001.00Yes (X)Yes (X)$0$0$0
David Baldwin
Trustee4.001.00Yes (X)$0$0$0
Lisa Schott
Trustee4.001.00Yes (X)$0$0$0
Charles Canton
CEO5.0042.00Yes (X)$0$226,355$15,012
David Pomerantz
CFO5.0042.00Yes (X)$0$160,746$10,102
Kevin Kern
COO5.0040.00$0$142,823$10,492Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$529,924TotReportableCompRltdOrgAmt
Total Other Compensation$35,606TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
DE Harvey Builders Inc
3663 Briarpark Suite 101HoustonTX77042Contractor$10,945,346
Gensler
PO Box 848279DallasTX75284Architect$626,876
MaRs Mercantile
3202 Mercer StreetHoustonTX77027Architect$473,778
East End Development Partners
4018 Merrick StreetHoustonTX77025Project Manager$275,472
Sterling Associates
55 Waugh Drive Suite 601HoustonTX77007Fundraising$180,092
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K5CntrctRcvdGreaterThan100KCnt
All Other Contributions$5,198,561AllOtherContributionsAmt
Total Contributions$5,198,561TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$150,068TotalRevenueColumnAmt
Exclusion$150,068ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$1,757,211SecuritiesAmt
Other$8,549,114OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$1,523,962SecuritiesAmt
Other$1,245,012OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$233,249SecuritiesAmt
Other$7,304,102OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,537,351TotalRevenueColumnAmt
Exclusion$7,537,351ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$12,885,980TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$7,687,419ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$18,516,800TotalAmt
Program Services$18,516,800ProgramServicesAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$180,000TotalAmt
Fundraising$180,000FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$36,782TotalAmt
Management And General$36,782ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$84,014TotalAmt
Program Services$84,014ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$634,743TotalAmt
Program Services$634,743ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$187,902TotalAmt
Management And General$187,902ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$342,307TotalAmt
Program Services$342,307ProgramServicesAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
Reimbursed expenses$216,876$216,876
NMTC expenses$40,000$40,000

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$20,239,424TotalAmt
Program Services$19,834,740ProgramServicesAmt
Management And General$224,684ManagementAndGeneralAmt
Fundraising$180,000FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$54,029BOYAmt
EOY$6,317,165EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$16,816,501BOYAmt
EOY$8,521,062EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$583,413BOYAmt
EOY$2,397,697EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$6,849BOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$111BOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$60,199BOYAmt
EOY$65,510EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$37,838,941LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$562,288LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$22,918,512BOYAmt
EOY$37,276,653EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$7,895,916BOYAmt
EOY$9,185,684EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$2,397,052BOYAmt
EOY$2,092,128EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$50,732,582BOYAmt
EOY$65,855,899EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$2,117,237BOYAmt
EOY$3,362,244EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$2,234,939BOYAmt
EOY$2,521,419EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
EOY$20,658,314EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$510,784BOYAmt
EOY$0EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$4,862,960BOYAmt
EOY$26,541,977EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$36,807,064BOYAmt
EOY$24,497,100EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$9,062,558BOYAmt
EOY$14,816,822EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$45,869,622BOYAmt
EOY$39,313,922EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$50,732,582BOYAmt
EOY$65,855,899EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$7,353,444ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$797,744NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type1Yes (X)SupportingOrgType1Ind
Supported Organizations1SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp

Supported Organization Name SupportedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1The Center For PursuitBusinessNameLine1Txt
FieldValueIRS element (for citing)
EIN741272417EIN
Organization Type2OrganizationTypeCd
Governing Document ListedYes (1)GoverningDocumentListedInd
Support$19,897,117SupportAmt
Other Support$0OtherSupportAmt
FieldValueIRS element (for citing)
Supported Organizations Total1SupportedOrganizationsTotalCnt
Support Sum$19,897,117SupportSumAmt
Other Support Sum$0OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing DocYes (1)ListedByNameGoverningDocInd
Suprt Org No IRS Determination0SuprtOrgNoIRSDeterminationInd
Supported Org Section C4560SupportedOrgSectionC456Ind
Supported Org Not Organized US0SupportedOrgNotOrganizedUSInd
Organization Change Suprt Org0OrganizationChangeSuprtOrgInd
Support Non Supported Org0SupportNonSupportedOrgInd
Payment Substantial Contribtr0PaymentSubstantialContribtrInd
Loan Disqualified Person0LoanDisqualifiedPersonInd
Controlled Disqualified Prsn0ControlledDisqualifiedPrsnInd
Disqualified Prsn Controll Int0DisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr Int0DisqualifiedPrsnOwnrIntInd
Excess Business Holdings Rules0ExcessBusinessHoldingsRulesInd
Contribution Controller0ContributionControllerInd
Contribution Family0ContributionFamilyInd
Contribution35 Controlled0Contribution35ControlledInd

Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp

FieldValueIRS element (for citing)
Power Appoint Majority Dir TrstYes (1)PowerAppointMajorityDirTrstInd
Operate Benefit Non Suprt Org0OperateBenefitNonSuprtOrgInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee Etc0AgentTrusteeEtcInd
Incl Escrow Custodial Acct LiabYes (1)InclEscrowCustodialAcctLiabInd
Explanation ProvidedYes (X)ExplanationProvidedInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,306,311BeginningYearBalanceAmt
Investment Earnings Or Losses$309,415InvestmentEarningsOrLossesAmt
Other Expenditures$130,732OtherExpendituresAmt
End Year Balance$1,484,994EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,306,311BeginningYearBalanceAmt
Investment Earnings Or Losses$85,026InvestmentEarningsOrLossesAmt
Other Expenditures$85,026OtherExpendituresAmt
End Year Balance$1,306,311EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,306,311BeginningYearBalanceAmt
Investment Earnings Or Losses$87,087InvestmentEarningsOrLossesAmt
Other Expenditures$87,087OtherExpendituresAmt
End Year Balance$1,306,311EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,306,311BeginningYearBalanceAmt
Investment Earnings Or Losses$351,000InvestmentEarningsOrLossesAmt
Other Expenditures$351,000OtherExpendituresAmt
End Year Balance$1,306,311EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,306,311BeginningYearBalanceAmt
End Year Balance$1,306,311EndYearBalanceAmt
FieldValueIRS element (for citing)
Prmnnt Endowment Balance EOY1.00000PrmnntEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$14,638,796OtherCostOrOtherBasisAmt
Book Value$14,638,796BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$22,325,392OtherCostOrOtherBasisAmt
Book Value$22,325,392BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$874,753OtherCostOrOtherBasisAmt
Depreciation$562,288DepreciationAmt
Book Value$312,465BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$37,276,653TotalBookValueLandBuildingsAmt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part IV, Line 2b:Residents' trust and custodial accounts represents cash and investments maintained by the Organization in a fiduciary capacity for the benefit of certain residents. These funds generally serve as a supplemental source to provide for certain living expenses of their beneficiaries. The Organization has no financial interest in these assets and serves only in a fiduciary capacity. Such accounts are reflected as assets with equal offsetting liabilities within the statements of financial position. Earnings and expenses of trust funds are excluded from the accompanying statement of activities. In certain situations, the Organization is a remainder beneficiary of these trusts.
Part V, Line 4:The Endowment's primary purpose is to provide financial support for The Center For Pursuit.

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Mail SolicitationsYes (X)MailSolicitationsInd
Email SolicitationsYes (X)EmailSolicitationsInd
Phone SolicitationsYes (X)PhoneSolicitationsInd
In Person SolicitationsYes (X)InPersonSolicitationsInd
Solicitation Of Non Govt GrantsYes (X)SolicitationOfNonGovtGrantsInd
Agrmt Prof Fundraising ActyYes (1)AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp

Organization Business Name OrganizationBusinessName

FieldValueIRS element (for citing)
Business Name Line1Sterling AssociatesBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line155 Waugh Drive Suite 601AddressLine1Txt
CityHoustonCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77007ZIPCd
FieldValueIRS element (for citing)
ActivityCampaign consultantsActivityTxt
Fundraiser Control Of Funds0FundraiserControlOfFundsInd
Gross Receipts$5,133,051GrossReceiptsAmt
Retained By Contractor$180,000RetainedByContractorAmt
Net To Organization$4,953,051NetToOrganizationAmt
FieldValueIRS element (for citing)
Total Gross Receipts$5,133,051TotalGrossReceiptsAmt
Total Retained By Contractors$180,000TotalRetainedByContractorsAmt
Total Net To Organization$4,953,051TotalNetToOrganizationAmt
Licensed StatesTXLicensedStatesCd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule G, Part I, Line 2b, Column (v)FormAndLineReferenceDesc
ExplanationSterling Associates participates in campaign committee meetings, writes and submits campaign funding proposals, organizes campaign related events, produces campaign literature, and reports on funds raised to date.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1The Center For PursuitBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line14400 Harrisburg BlvdAddressLine1Txt
CityHoustonCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77011ZIPCd
FieldValueIRS element (for citing)
Recipient EIN741272417RecipientEIN
IRC Section501(c)(3)IRCSectionDesc
Cash Grant$18,516,800CashGrantAmt
Purpose Of GrantTo fund exempt purposePurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Line 2:FormAndLineReferenceDesc
ExplanationFunds are provided to support the affiliate organization. The Foundation reviews monthly, detailed operating reports of The Center to monitor the use of supporting funds.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Charles Canton
CEO$0$223,955$0$0$0$2,400$0$10,432$0$4,580$0$241,367$0$0
David Pomerantz
CFO$0$160,746$0$0$0$0$0$6,261$0$3,841$0$170,848$0$0
Kevin Kern
COO$0$142,823$0$0$0$0$0$5,713$0$4,779$0$153,315$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Line 3FormAndLineReferenceDesc
ExplanationThe Center For Pursuit's executive committee, serving as a compensation committee, annually reviews the compensation of the Chief Executive Officer. Included in the process is a review of performance and industry comparable compensation. The process and decision is reported to the full board of trustees.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section A, line 7aThe Center For Pursuit appoints a majority of the trustees of The Pursuit Foundation.
Form 990, Part VI, Section B, line 11bForm 990 is reviewed and approved by the CFO and made available to board members prior to filing. Entries on Schedule B are redacted to exclude donor names and addresses.
Form 990, Part VI, Section B, line 12cBoard members and officers are required to self-report any conflicts of interest to management. Management monitors and enforces compliance with the conflict of interest policy. Annual compliance statements are required from trustees, officers, and key employees.
Form 990, Part VI, Section C, line 19Available upon request.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationIndBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
The Center For Pursuit
4400 Harrisburg BlvdHoustonTX77011741272417SchoolTX501(c)(3)2N/A0
CRI Federal Services
4400 Harrisburg BlvdHoustonTX77011522147829Support The Center For PursuitTX501(c)(3)12 (a)0The Center For Pursuit
CRI Commercial Services
4400 Harrisburg BlvdHoustonTX77011522147830Support The Center For PursuitTX501(c)(3)12 (a)0The Center For Pursuit
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (1)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgYes (1)LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth OrgYes (1)RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (1)PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
The Center For Pursuit
B$18,516,800Cash
The Center For Pursuit
D$2,092,128Cash

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