Pursuit Transformation Company Inc

“The form 990 is reviewed by management and a copy of the return is provided to the board of directors prior to filing with the internal revenue service.”

“A conflict of interest disclosure statement is furnished annually to the board by each director and officer. The disclosure statements are reviewed annually by the board of directors or by a committee thereof. In addition, each director, and officer must report promptly to the chair of the board any potential conflict of interest as and when it arises. All questions as to whether a conflict of interest exists will be resolved by a vote of the board of directors in which the interested individual may not vote. Such matters involving the existence of conflicts of interest are to be documented in the minutes of the governing board. The minutes of the meeting of the board of directors or committee thereof will reflect (a) that the conflict of interest was disclosed, (b) that the interested director or officer was not present during the final discussion or vote of the board of directors or committee, and (c) that the interested individual abstained from voting.”

“The compensation of the ceo and all other officers (chief creative officer, chief financial officer, and chief operating officer) is determined by the compensation committee using available comparative market data of executives at similar-sized not-for-profit and growth technology organizations in the new york area. The process was last conducted in 2023 and was documented in the minutes of the board meeting.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The financial statements, conflict of interest policy, articles of incorporation and by-laws are available upon written request.”

“The organization contracted with a professional employer organization (peo) for services, including but not limited to, payroll, timekeeping, employee benefits, hr administration and workforce regulatory compliance needs. As the employer of record for tax purposes, forms w-2 and w-3 are issued by the peo and filed under the peo's federal ein. In this co-employment arrangement, the organization is the common law employer and, accordingly, compensation is reported on form 990, part vii, section a and part ix, lines 5-10.”

“Security service consultant: program service expenses 101,180. Management and general expenses 1,667. Fundraising expenses 10,821. Total expenses 113,668. Payroll service fees: program service expenses 25,306. Management and general expenses 47,787. Fundraising expenses 16,547. Total expenses 89,640. Program and other consulting fees: program service expenses 1,469,399. Management and general expenses 46,166. Fundraising expenses 107,515. Total expenses 1,623,080.”

“The organization has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. The process has not changed from the prior year.”