The Pegasus School
- Assets
- $54.5m
- Revenue
- $21.1m
- Investments
- $0.0
- Employees
- 184
- Location
- Huntington Beach, CA
- Founding
- 11/1986
- Data as of
- 06/2022
- EIN
- 33-0162184
Organization Overview
The Pegasus School is located in Huntington Beach, CA. The organization was established in 1986. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Pegasus School employed 184 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pegasus School 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 06/2022, Pegasus School generated $21.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $16.3m during the year ending 06/2022. While expenses have increased by 4.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PEGASUS SCHOOL IS DEDICATED TO ACADEMIC EXCELLENCE AND TO THE DEVELOPMENT OF LIFELONG LEARNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE 21-22 SCHOOL YEAR, THE PEGASUS SCHOOL PROVIDED INDEPENDENT EDUCATIONAL SERVICES TO APPROXIMATELY 590 CHILDREN FROM PRE-KINDERGARTEN THROUGH EIGHTH GRADE AT ITS CAMPUS IN HUNTINGTON BEACH, CALIFORNIA. THE SCHOOL OFFERED REGULAR SCHOOL YEAR, SUMMER PROGRAMS, AND NUMEROUS OPPORTUNITIES FOR STUDENTS TO ACTIVELY PARTICIPATE IN A CHALLENGING EDUCATIONAL ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diem Dang Chair | OfficerTrustee | 1 | $0 |
Eric Little Trustee | Trustee | 1 | $0 |
Maajed Abahusayn Trustee | Trustee | 1 | $0 |
Reynolds Bish Trustee | Trustee | 1 | $0 |
George Cheng Trustee | Trustee | 1 | $0 |
Darin Glasser Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Absolute Facility Solutions Inc Janitorial | 6/29/22 | $273,238 |
Avex Builders Bathroom Construction | 6/29/22 | $179,914 |
Jfk Transportation Co Inc Bus Transportation | 6/29/22 | $135,698 |
Pro Sound Inc Sound Systems | 6/29/22 | $100,912 |
Liebert Cassidy Whitmore Legal | 6/29/22 | $100,645 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $140,400 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,008,774 |
| Noncash contributions included in lines 1a–1f | $400,285 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,149,174 |
| Total Program Service Revenue | $16,619,837 |
| Investment income | $170,936 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $40,691 |
| Net Gain/Loss on Asset Sales | $15,946 |
| Net Income from Fundraising Events | $61,449 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,107,992 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $438,268 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $767,482 |
| Compensation of current officers, directors, key employees. | $417,025 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,330,777 |
| Pension plan accruals and contributions | $701,970 |
| Other employee benefits | $1,429,094 |
| Payroll taxes | $634,991 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $62,659 |
| Fees for services: Accounting | $46,095 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $76,163 |
| Fees for services: Investment Management | $27,907 |
| Fees for services: Other | $20,028 |
| Advertising and promotion | $0 |
| Office expenses | $204,012 |
| Information technology | $211,104 |
| Royalties | $0 |
| Occupancy | $478,889 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $441,080 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $922,776 |
| Insurance | $264,031 |
| All other expenses | $253,552 |
| Total functional expenses | $16,341,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,879,796 |
| Savings and temporary cash investments | $17,154,827 |
| Pledges and grants receivable | $2,105,799 |
| Accounts receivable, net | $22,838 |
| 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 | $164,694 |
| Net Land, buildings, and equipment | $26,672,798 |
| Investments—publicly traded securities | $6,526,523 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $54,527,275 |
| Accounts payable and accrued expenses | $399,564 |
| Grants payable | $0 |
| Deferred revenue | $9,868,336 |
| Tax-exempt bond liabilities | $11,349,785 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $600,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $22,217,685 |
| Net assets without donor restrictions | $24,166,748 |
| Net assets with donor restrictions | $8,142,842 |
| 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 | $54,527,275 |