The Pegasus Foundation
- Assets
- $213.9k
- Revenue
- $196.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Brewster, MA
- Founding
- 03/1997
- Data as of
- 12/2021
- EIN
- 22-3487149
Organization Overview
The Pegasus Foundation is located in Brewster, MA. The organization was established in 1997. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Pegasus Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pegasus Foundation 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, Pegasus Foundation generated $196.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (26.0%) each year. All expenses for the organization totaled $426.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (18.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Pegasus Foundation has awarded 42 individual grants totaling $555,691. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PEGASUS FOUNDATION IMPROVES ANIMAL WELFARE THROUGH EFFECTIVE GRANT MAKING AND EDUCATION IN THE UNITED STATES,THE CARIBBEAN,NATIVE AMERICAN LANDS,AFRICA AND ASIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO CHARITIES WORKING FOR ANIMAL WELFARE
HELP US HELP THEM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Wgrandy Retired Exec Director Co-Trustee | OfficerTrustee | 1 | $15,000 |
Stephen Ziobrowski ESQ Co-Trustee | OfficerTrustee | 1 | $0 |
Charles Jbirdsey Co-Trustee | OfficerTrustee | 1 | $0 |
Barbara Uburdsey Co-Trustee | OfficerTrustee | 1 | $0 |
George Wmalloy CPA Co-Trustee | OfficerTrustee | 1 | $0 |
Donald Baur Co-Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $37,471 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $159,007 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $196,478 |
| Total Program Service Revenue | $8 |
| Investment income | $10 |
| 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 | $196,496 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $236,415 |
| 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. | $39,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,010 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,867 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,097 |
| Fees for services: Accounting | $13,585 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $61,816 |
| Advertising and promotion | $1,383 |
| Office expenses | $751 |
| Information technology | $9,725 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,162 |
| All other expenses | $0 |
| Total functional expenses | $426,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $213,910 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $213,910 |
| Accounts payable and accrued expenses | $199 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $199 |
| Net assets without donor restrictions | $213,711 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $213,910 |
Grants Awarded
Over the last fiscal year, The Pegasus Foundation has awarded $175,577 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Palm City, FL PURPOSE: CHARITABLE CONTRIBUTION | $54,077 |
Port Saint Lucie, FL PURPOSE: CHARITABLE CONTRIBUTION | $25,000 |
Silver Spring, MD PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
Rehoboth Beach, DE PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
Meredith, NH PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
Torrance, CA PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Pegasus Foundation has recieved totaling $50,400.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $20,200 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $20,200 |
The Chicago Community Trust Chicago, IL PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
S & G Foundation albany, NY | $1,180,089,159 | $294,936,683 |
Steven & Alexandra Cohen Foundation Inc Stamford, CT | $524,605,658 | $98,007,018 |
Starr Foundation New York, NY | $1,351,331,495 | $187,314,215 |
Robertson Foundation New York, NY | $308,129,047 | $104,540,927 |
William Randolph Hearst Foundation New York, NY | $0 | $92,096,829 |
Foundation For A Just Society New York, NY | $0 | $262,120,919 |
Surdna Foundation Inc New York, NY | $0 | $71,392,126 |
Carson Fam Charitable Tr New York, NY | $302,357,968 | $144,716,166 |
Blavatnik Family Foundation 2020 New York, NY | $0 | $14,146 |
Henry Luce Foundation Inc New York, NY | $1,226,277,880 | $84,818,070 |
Paul E Singer Foundation New York, NY | $412,018,579 | $19,273,091 |
Bernard And Anne Spitzer Charitable Tr New York, NY | $0 | $17,565,686 |