Pegasus Theatre Chicago
- Assets
- $199.7k
- Revenue
- $179.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Chicago, IL
- Founding
- 04/1979
- Data as of
- 08/2022
- EIN
- 36-3002953
Organization Overview
Pegasus Theatre Chicago is located in Chicago, IL. The organization was established in 1979. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2022, Pegasus Theatre Chicago employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pegasus Theatre Chicago 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 08/2022, Pegasus Theatre Chicago generated $179.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $121.2k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 7 years. 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
PEGASUS THEATER CHICAGO ("THEATER") IS AN ILLINOIS NOT-FOR-PROFIT CORPORATION THAT WAS FOUNDED IN 1978. THE THEATER PRODUCES AND PERFORMS THEATRICAL PRODUCTIONS FOR THE GENERAL PUBLIC, AND THROUGH VARIOUS OTHER PROGRAMS, PROVIDES A SERVICE TO THE COMMUNITY AT LARGE TO FOSTER THE UNDERSTANDING OF THEATER ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PRODUCE AND PERFORM THEATRICAL PRODUCTIONS FOR THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ilesa Duncan Director | OfficerTrustee | 40 | $30,000 |
Jocelyn Woodards President | OfficerTrustee | 2 | $0 |
David Barr III Secretary And Treasurer | Trustee | 2 | $0 |
Sarah Mostad Director | Trustee | 2 | $0 |
Gerry Messler Director | Trustee | 2 | $0 |
Mike Radzilowsky Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $44,554 |
| All other contributions, gifts, grants, and similar amounts not included above | $117,497 |
| Noncash contributions included in lines 1a–1f | $25,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $162,051 |
| Total Program Service Revenue | $17,180 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $179,231 |
| 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. | $30,000 |
| Compensation of current officers, directors, key employees. | $6,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,270 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,897 |
| Payroll taxes | $2,698 |
| Fees for services: Management | $14,622 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $1,307 |
| Information technology | $2,179 |
| Royalties | $0 |
| Occupancy | $7,219 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $1,468 |
| All other expenses | $0 |
| Total functional expenses | $121,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $184,731 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $15,000 |
| 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 | $199,731 |
| Accounts payable and accrued expenses | $1,382 |
| 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 | $1,382 |
| Net assets without donor restrictions | $133,349 |
| Net assets with donor restrictions | $65,000 |
| 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 | $199,731 |