The Pegasus School
- Assets
- $52.6m
- Revenue
- $19.0m
- Investments
- $0.0
- Employees
- 181
- Location
- Huntington Beach, CA
- Founding
- 11/1986
- Data as of
- 06/2021
- 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 06/2021, Pegasus School employed 181 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 06/2021, Pegasus School generated $19.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $15.6m during the year ending 06/2021. While expenses have increased by 4.1% per year over the past 6 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
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 20-21 SCHOOL YEAR, THE PEGASUS SCHOOL PROVIDED INDEPENDENT EDUCATIONAL SERVICES TO APPROXIMATELY 586 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 |
|---|---|---|---|
Jason Lopez Head Of School | Officer | 40 | $383,093 |
Rene Cogan CFO | Officer | 40 | $243,148 |
Jennifer Degrave Development Director | 40 | $151,889 | |
Jennifer Green Lower School Director | 40 | $138,829 | |
Nyles Reyes It Director | 40 | $128,115 | |
James Swiger Middle School Director | 40 | $118,287 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Walker Consultants Parking Consultants And Engineers | 6/29/21 | $105,195 |
Westling & Associates Project Manager | 6/29/21 | $198,847 |
Jb3d Graphic Design And Campus Signage | 6/29/21 | $116,807 |
Absolute Facility Solutions Custodial Services And Supplies | 6/29/21 | $180,791 |
Jfk Transportation Co Inc Daily Bus Service | 6/29/21 | $134,359 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $89,600 |
| Related organizations | $0 |
| Government grants | $1,918,219 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,512,702 |
| Noncash contributions included in lines 1a–1f | $52,319 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,520,521 |
| Total Program Service Revenue | $14,976,541 |
| Investment income | $137,648 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,372 |
| Net Gain/Loss on Asset Sales | $177,003 |
| Net Income from Fundraising Events | $134,712 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,026,737 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $522,787 |
| 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 | $8,492,439 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $544,226 |
| Other employee benefits | $1,358,974 |
| Payroll taxes | $645,438 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,612 |
| Fees for services: Accounting | $60,415 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,740 |
| Fees for services: Other | $26,848 |
| Advertising and promotion | $0 |
| Office expenses | $154,247 |
| Information technology | $250,032 |
| Royalties | $0 |
| Occupancy | $539,576 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $253,039 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $806,013 |
| Insurance | $269,436 |
| All other expenses | $162,765 |
| Total functional expenses | $15,622,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,610,144 |
| Savings and temporary cash investments | $14,944,528 |
| Pledges and grants receivable | $1,301,230 |
| Accounts receivable, net | $15,997 |
| 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 | $428,098 |
| Net Land, buildings, and equipment | $26,727,013 |
| Investments—publicly traded securities | $7,619,473 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $52,646,483 |
| Accounts payable and accrued expenses | $332,148 |
| Grants payable | $0 |
| Deferred revenue | $9,716,591 |
| Tax-exempt bond liabilities | $13,011,776 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $800,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $23,860,515 |
| Net assets without donor restrictions | $22,116,007 |
| Net assets with donor restrictions | $6,669,961 |
| 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 | $52,646,483 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that The Pegasus School has recieved totaling $280,826.
| Awarding Organization | Amount |
|---|---|
The Jatain Foundation Irvine, CA PURPOSE: SCHOLARSHIP | $200,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $25,250 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $16,302 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: EDUCATION | $16,275 |
Parima Parineh Foundation Redwood City, CA PURPOSE: UNRESTRICTED | $10,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $9,703 |
Endowment Analysis
| Beg. Balance | $6,156,627 |
| Earnings | $1,462,846 |
| Ending Balance | $7,619,473 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Creative Center Of Los Altos Los Altos, CA | $170,822,611 | $50,231,203 |
Oakwood School North Hollywood, CA | $131,214,925 | $40,512,387 |
Wildwood School Inc Los Angeles, CA | $86,448,080 | $38,177,997 |
Classical Academy Incorporated Escondido, CA | $75,670,985 | $34,177,017 |
Paragon Management Surprise, AZ | $64,904,410 | $28,676,995 |
Harbor Day Endowment Corporation Corona del Mar, CA | $29,496,561 | $8,033,762 |
Center For Early Education West Hollywood, CA | $163,132,439 | $27,283,122 |
Santa Fe Christian Schools Solana Beach, CA | $72,145,924 | $27,955,484 |
Phoenix Country Day School Paradise Valley, AZ | $77,907,724 | $28,726,427 |
Tarbut Vtorah Community Day School Irvine, CA | $104,560,863 | $24,620,400 |
Westside Neighborhood School Los Angeles, CA | $23,646,249 | $23,017,600 |
Town School For Boys San Francisco, CA | $94,398,193 | $22,080,958 |