2022-05-16T17:06:06-05:00 2021-06-30 760269860 Blazek & Vetterling 2900 Weslayan Suite 200 Houston TX 77027 990 2020-07-01 742179425 Pursuit Foundation PURS 7135258405 4400 Harrisburg Blvd Houston TX 77011 Peggy DeBartolo CFO 7135258405 2022-05-16 1 Peggy DeBartolo 999009999 Barbara Murphy P01386215 7134395739 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z X Charles Canton 4400 Harrisburg Blvd Houston TX 77011 15654954 0 X www.thecenterhouston.org X 1981 TX Supporting organization for The Center For Pursuit. 5 5 0 5 0 0 6276708 5198561 0 0 621887 7687419 90639 0 6989234 12885980 300103 18516800 0 0 0 0 180000 180000 180000 1043809 1542624 1523912 20239424 5465322 -7353444 50732582 65855899 4862960 26541977 45869622 39313922 X 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 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. 0 0 19834740 18516800 See 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. 19834740 1 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 0 0 0 X Peggy DeBartolo 7135258405 4400 Harrisburg Blvd Houston TX 77011 Glen Shepard President 4.00 1.00 X X 0 0 0 David Cunningham Treasurer 4.00 1.00 X X 0 0 0 Shaheen Ladhani Secretary 4.00 1.00 X X 0 0 0 David Baldwin Trustee 4.00 1.00 X 0 0 0 Lisa Schott Trustee 4.00 1.00 X 0 0 0 Charles Canton CEO 5.00 42.00 X 0 226355 15012 David Pomerantz CFO 5.00 42.00 X 0 160746 10102 Kevin Kern COO 5.00 40.00 X 0 142823 10492 0 529924 35606 0 0 1 0 DE Harvey Builders Inc 3663 Briarpark Suite 101 Houston TX 77042 Contractor 10945346 Gensler PO Box 848279 Dallas TX 75284 Architect 626876 MaRs Mercantile 3202 Mercer Street Houston TX 77027 Architect 473778 East End Development Partners 4018 Merrick Street Houston TX 77025 Project Manager 275472 Sterling Associates 55 Waugh Drive Suite 601 Houston TX 77007 Fundraising 180092 5 5198561 5198561 150068 150068 1757211 8549114 1523962 1245012 233249 7304102 7537351 7537351 12885980 0 0 7687419 18516800 18516800 180000 180000 36782 36782 84014 84014 634743 634743 187902 187902 342307 342307 Reimbursed expenses 216876 216876 NMTC expenses 40000 40000 20239424 19834740 224684 180000 54029 6317165 16816501 8521062 583413 2397697 6849 111 60199 65510 37838941 562288 22918512 37276653 7895916 9185684 2397052 2092128 50732582 65855899 2117237 3362244 2234939 2521419 20658314 510784 0 4862960 26541977 X 36807064 24497100 9062558 14816822 45869622 39313922 50732582 65855899 -7353444 797744 0 X 0 1 X 1 0 X X 1 The Center For Pursuit 741272417 2 1 19897117 0 1 19897117 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 1306311 309415 130732 1484994 1306311 85026 85026 1306311 1306311 87087 87087 1306311 1306311 351000 351000 1306311 1306311 1306311 1.00000 0 0 14638796 14638796 22325392 22325392 874753 562288 312465 37276653 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. X X X X X 1 Sterling Associates 55 Waugh Drive Suite 601 Houston TX 77007 Campaign consultants 0 5133051 180000 4953051 5133051 180000 4953051 TX Schedule G, Part I, Line 2b, Column (v) Sterling 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. 1 The Center For Pursuit 4400 Harrisburg Blvd Houston TX 77011 741272417 501(c)(3) 18516800 To fund exempt purpose 1 0 Part I, Line 2: Funds are provided to support the affiliate organization. The Foundation reviews monthly, detailed operating reports of The Center to monitor the use of supporting funds. 0 0 0 0 0 0 0 0 0 Charles Canton CEO 0 223955 0 0 0 2400 0 10432 0 4580 0 241367 0 0 David Pomerantz CFO 0 160746 0 0 0 0 0 6261 0 3841 0 170848 0 0 Kevin Kern COO 0 142823 0 0 0 0 0 5713 0 4779 0 153315 0 0 Part I, Line 3 The 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. Form 990, Part VI, Section A, line 7a The Center For Pursuit appoints a majority of the trustees of The Pursuit Foundation. Form 990, Part VI, Section B, line 11b Form 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 12c Board 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 19 Available upon request. The Center For Pursuit 4400 Harrisburg Blvd Houston TX 77011 741272417 School TX 501(c)(3) 2 N/A 0 CRI Federal Services 4400 Harrisburg Blvd Houston TX 77011 522147829 Support The Center For Pursuit TX 501(c)(3) 12 (a) The Center For Pursuit 0 CRI Commercial Services 4400 Harrisburg Blvd Houston TX 77011 522147830 Support The Center For Pursuit TX 501(c)(3) 12 (a) The Center For Pursuit 0 0 1 0 1 1 0 0 0 0 1 0 1 0 1 1 0 0 0 0 The Center For Pursuit B 18516800 Cash The Center For Pursuit D 2092128 Cash