Pursuit 53
- Assets
- $339.8k
- Revenue
- $437.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Houston, TX
- Founding
- 06/2019
- Data as of
- 12/2021
- EIN
- 82-5529431
Organization Overview
Pursuit 53 is located in Houston, TX. The organization was established in 2019. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Pursuit 53 employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pursuit 53 is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Pursuit 53 generated $437.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 31.7% each year . All expenses for the organization totaled $405.3k during the year ending 12/2021. While expenses have increased by 19.1% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO GLORIFY GOD IN THE ADVANCE OF HIS KINGDOM THROUGH THE GROWTH OF THE CHURCH AND STRENGTHENING OF COMMUNITIES, BEGINNING WITH SOUTH SUDAN
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISCIPLESHIP TRAINING OF CHURCH LEADERS - WE TRAIN GROUPS OF 5-10 MEN AND 5-10 WOMEN. SOME GROUPS ARE ORAL - OTHERS ARE WRITTEN. THESE CHURCH LEADERS START THEIR OWN GROUPS. EACH GROUP STUDIES THE BIBLE TOGETHER, THEN SHARES BIBLE STORIES WITH OTHERS. IN MVOLO AND OTHER PLACES WHERE CHURCH LEADERS ARE SERVING AS MISSIONARIES, WE ESTIMATE THOUSANDS HAVE BEEN IMPACTED THROUGH THE REPRODUCING DISCIPLESHIP OF THE CHURCH LEADERS AND GENERATIONS OF DISCIPLESHIP GROUPS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Swann Director | Officer | 40 | $75,369 |
Roger Swann Director | Trustee | 1 | $0 |
Andy Jackson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,511 |
| All other contributions, gifts, grants, and similar amounts not included above | $416,628 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $437,139 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $437,170 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $75,369 |
| Compensation of current officers, directors, key employees. | $3,015 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,124 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,701 |
| Payroll taxes | $6,435 |
| Fees for services: Management | $1,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,689 |
| Information technology | $1,431 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $16,224 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,366 |
| Insurance | $6,018 |
| All other expenses | $0 |
| Total functional expenses | $405,259 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,146 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $40,502 |
| Net Land, buildings, and equipment | $96,127 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,058 |
| Total assets | $339,833 |
| Accounts payable and accrued expenses | $40,502 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $130,010 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | -$8,012 |
| Total liabilities | $162,500 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $177,333 |
| Total liabilities and net assets/fund balances | $339,833 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Pursuit 53 has recieved totaling $119,000.
| Awarding Organization | Amount |
|---|---|
Click Family Foundation Inc New Caney, TX PURPOSE: SPREAD THE GOSPEL IN S SUDAN | $109,000 |
Lance Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trinity Christian Center Of Santa Ana Inc Fort Worth, TX | $220,989,355 | $120,975,345 |
Central Missionary Clearinghouse Inc Houston, TX | $6,419,067 | $44,656,736 |
Parish Episcopal School Dallas, TX | $99,531,938 | $38,441,453 |
Omega Charitable Developers Inc Houston, TX | $6,275,678 | $33,763,984 |
Rightnow Ministries International McKinney, TX | $45,408,215 | $33,884,225 |
Newman International Academy Arlington, TX | $46,580,877 | $32,428,105 |
Pine Cove Inc Tyler, TX | $43,410,564 | $33,919,246 |
Interfaith Ministries For Greater Houston Houston, TX | $17,611,753 | $29,868,273 |
Bible Study Fellowship San Antonio, TX | $20,886,435 | $27,831,196 |
Hosanna Albuquerque, NM | $66,066,591 | $27,487,086 |
Apartment Life Inc Bedford, TX | $5,807,926 | $23,558,847 |
Liberty Educational Ministries Inc Argyle, TX | $56,879,806 | $25,424,585 |