Pegasus Therapeutic Riding Academy Inc
- Assets
- $314.0k
- Revenue
- $452.6k
- Investments
- $0.0
- Employees
- 21
- Location
- Philadelphia, PA
- Founding
- 11/1983
- Data as of
- 12/2022
- EIN
- 23-2241291
Organization Overview
Pegasus Therapeutic Riding Academy Inc is located in Philadelphia, PA. The organization was established in 1983. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2022, Pegasus Therapeutic Riding Academy Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pegasus Therapeutic Riding Academy Inc 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 12/2022, Pegasus Therapeutic Riding Academy Inc generated $452.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $491.2k during the year ending 12/2022. While expenses have increased by 3.4% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROVIDE THERAPEUTIC EXERCISE IN VARIOUS FORMS ALWAYS EMPHASIZING ABILITY AND MAINTAINING AN ENVIRONMENT OF RESPECT AND TRUST FOR OUR RIDERS, VOLUNTEERS AND HORSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PEGASUS TRA PROVIDES EQUINE-ASSISTED ACTIVITIES AND THERAPIES TO INDIVIDUALS WITH DISABILITIES, DIAGNOSES, AND AT-RISK POPULATIONS. INCORPORATED AS A NON-PROFIT ORGANIZATION IN 1982, THE PROGRAM PARTNERS WITH HORSES, AND THEIR UNIQUE THREE-DIMENSIONAL SWING GATE, TO PROMOTE IMPROVED PHYSICAL STRENGTH, EMOTIONAL WELL-BEING, INDEPENDENCE, ALONG OTHER KEY LIFE SKILLS. PEGASUS PROVIDES THERAPEUTIC EXERCISE IN VARIOUS FORMS, ALWAYS EMPHASIZING ABILITY MAINTAINING AN ENVIRONMENT OF RESPECT TRUST FOR OUR RIDERS, VOLUNTEERS, HORSES. THERAPEUTIC RIDING HAS MANY COMPONENTS, INCLUDING PHYSICAL, PSYCHOLOGICAL, RECREATIONAL, AS WELL AS EDUCATIONAL. OUR FACILITIES INCLUDE A STATE-OF-THE-ART INDOOR RIDING ARENA THAT PERMITS YEAR-ROUND OPERATION. WE CURRENTLY HAVE 15 THERAPY HORSES OF VARIED SIZES BREEDS. THE PROGRAM STAFF CONSISTS OF TWO FULL-TIME EMPLOYEES NINE PART-TIME EMPLOYEES. PEGASUS IS A PATH PROFESSIONAL ASSOCIATION OF
PEGASUS OPERATES AN AUTISM PROGRAM TO MEET THE GROWING NEED FOR SERVICES FOR CHILDREN DIAGNOSED WITH AUTISM SPECTRUM DISORDERS. MANY IN THE MEDICAL COMMUNITY BELIEVE THAT THERE IS A SPECIAL CONNECTION BETWEEN HORSES AND CHILDREN WITH AUTISM BECAUSE BOTH INTERPRET THE WORLD IN PICTURES. AS THE BOND GROWS BETWEEN CHILD AND ANIMAL, PROGRESS SUCH AS IMPROVED COMMUNICATION, SOCIAL SKILLS, AND BEHAVIOR BECOME POSSIBLE IN MANY CASES. THIS PROGRAM ACCOMODATES 12 RIDERS PER WEEK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Fletcher Executive Director | Officer | 40 | $53,692 |
Robert Hesser President | OfficerTrustee | 2.5 | $0 |
Niels Christensen Treasurer | OfficerTrustee | 1.5 | $0 |
Leigh Ann Difusco Secretary | OfficerTrustee | 1 | $0 |
Joy Bartley Director | Trustee | 1 | $0 |
Jessica Ormsby Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $30,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $126,418 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $156,418 |
| Total Program Service Revenue | $242,454 |
| Investment income | $1,075 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $52,692 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $452,639 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,862 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $53,692 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $156,281 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $318 |
| Payroll taxes | $17,559 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,350 |
| 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 | $36,365 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,310 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $575 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,183 |
| Insurance | $56,244 |
| All other expenses | $17,441 |
| Total functional expenses | $491,187 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $85,979 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,143 |
| 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 | $16,200 |
| Net Land, buildings, and equipment | $187,647 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $313,969 |
| Accounts payable and accrued expenses | $40,498 |
| Grants payable | $0 |
| Deferred revenue | $13,635 |
| 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 | $54,133 |
| Net assets without donor restrictions | $253,519 |
| Net assets with donor restrictions | $6,317 |
| 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 | $313,969 |