The Pegasus Project Inc
- Assets
- $891.5k
- Revenue
- $714.1k
- Investments
- $0.0
- Employees
- 10
- Location
- Ben Wheeler, TX
- Founding
- 02/2011
- Data as of
- 12/2021
- EIN
- 27-2108244
Organization Overview
The Pegasus Project Inc is located in Ben Wheeler, TX. The organization was established in 2011. According to its NTEE Classification (D20) the organization is classified as: Animal Protection & Welfare, under the broad grouping of Animal-Related and related organizations. As of 12/2021, Pegasus Project Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pegasus Project 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 12/2021, Pegasus Project Inc generated $714.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $515.8k during the year ending 12/2021. While expenses have increased by 12.1% per year over the past 7 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 RESCUE, REHABILITATE, RETRAIN, AND RE-HOME NEGLECTED, ABUSED, AND ABANDONED HORSES, DONKEYS, AND MULES THROUGHOUT TEXAS AND SURROUNDING STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEGLECTED HORSES WERE RESCUED, REHABILITATED (PROVIDED CARE, ATTENTION, PROPER NUTRITION, AND MEDICAL CARE), AND RETRAINED. ONCE THE HORSES WERE PREPARED, EFFORTS WERE MADE TOWARD ADOPTION INTO PERMANENT HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allyson Decanio President/ed | OfficerTrustee | 70 | $97,500 |
Mike Decanio Vice President | OfficerTrustee | 20 | $0 |
Anne Ellis Director | Trustee | 1 | $0 |
Ross Mathson Director | Trustee | 1 | $0 |
Erica Mccrary Director | Trustee | 1 | $0 |
Jan Cooper Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $44,010 |
| All other contributions, gifts, grants, and similar amounts not included above | $575,514 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $619,524 |
| Total Program Service Revenue | $19,734 |
| 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 | $74,797 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $714,055 |
| 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. | $97,500 |
| Compensation of current officers, directors, key employees. | $48,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,193 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $53,660 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,450 |
| Fees for services: Accounting | $3,640 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $108,989 |
| Advertising and promotion | $0 |
| Office expenses | $5,643 |
| Information technology | $252 |
| Royalties | $0 |
| Occupancy | $45,248 |
| Travel | $2,023 |
| 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 | $37,886 |
| Insurance | $13,812 |
| All other expenses | $37,410 |
| Total functional expenses | $515,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $479,243 |
| 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 | $412,251 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $891,494 |
| Accounts payable and accrued expenses | $0 |
| 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 | $40,722 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $40,722 |
| Net assets without donor restrictions | $850,772 |
| 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 | $891,494 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that The Pegasus Project Inc has recieved totaling $255,630.
| Awarding Organization | Amount |
|---|---|
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $225,464 |
Delano Family Charitable Foundation Topeka, KS PURPOSE: RESCUE NEGLECTED HORSES. | $14,320 |
East Texas Communties Foundation Inc Tyler, TX PURPOSE: Animal-Related | $9,000 |
Leo S & Emogene Burton Case Foundation Destin, FL PURPOSE: RESCUES AND REHABILITATES ABANDONED ABUSED HORSES | $6,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $846 |
Endowment Analysis
| Beg. Balance | $899,350 |
| Earnings | $135,987 |
| Admin Expense | $9,013 |
| Grants | $194,500 |
| Ending Balance | $831,824 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Emancipet Austin, TX | $10,002,079 | $22,943,378 |
Spca Of Texas Dallas, TX | $45,312,088 | $18,544,782 |
Austin Pets Alive Austin, TX | $12,464,693 | $16,558,377 |
Houston Society For The Prevention Of Cruelty To Animals Houston, TX | $73,105,649 | $14,858,665 |
Peaceful Valley Donkey Rescue Inc San Angelo, TX | $8,722,019 | $10,005,463 |
Houston Humane Society Houston, TX | $27,051,708 | $9,359,774 |
Humane Society Of North Texas Fort Worth, TX | $23,564,161 | $9,000,137 |
Louisiana Society For The Prevention Of Cruelty To Animals New Orleans, LA | $26,265,018 | $8,258,753 |
Santa Fe Animal Shelter Inc Santa Fe, NM | $16,857,647 | $7,882,180 |
Animal Humane Association Of New Mexico Inc Albuquerque, NM | $16,434,234 | $7,492,512 |
Humane Society Of San Antonio San Antonio, TX | $25,622,794 | $5,679,870 |
Palm Valley Animal Center Edinburg, TX | $5,619,293 | $5,720,581 |