Pegasus Schools Inc
- Assets
- $5.8m
- Revenue
- $12.6m
- Investments
- $0.0
- Employees
- 193
- Location
- Lockhart, TX
- Founding
- 09/1990
- Data as of
- 06/2022
- EIN
- 74-2569814
Organization Overview
Pegasus Schools Inc is located in Lockhart, TX. The organization was established in 1990. As of 06/2022, Pegasus Schools Inc employed 193 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pegasus Schools 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 06/2022, Pegasus Schools Inc generated $12.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $13.1m during the year ending 06/2022. While expenses have increased by 4.5% 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
PROVIDE ROOM, COMPREHENSIVE THERAPEUTIC MILIEU FOR ABUSED, NEGLECTED, EMOTIONALLY DISTURBED AND ADJUDICATED BOYS AGES 10-17 AND ON-SITE SCHOOL ADMINISTERED BY TRINITY CHARTER SCHOOLS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ROOM, BOARD AND COMPREHENSIVE THERAPEUTIC MILIEU FOR ABUSED, EMOTIONALLY DISTURBED AND ADJUDICATED BOYS BETWEEN THE AGES OF 10 AND 17. DAYS OF CARE 57,700 FOR 289 BOYS
PROVIDE FACILITIES AND TEN AIDES FOR AN ON-SITE SCHOOL BY CASA GRANDE D/B/A TRINITY CHARTER SCHOOLS. REGULAR DAYS OF SCHOOL - 176 ATTENDANCE 28,157
THERAPEUTIC COUNSELING TO BREAK THE CYCLE OF ABUSE. CLINICAL THERAPISTS PROVIDED 21,653 HOURS OF COUNSELING. PSYCHIATRIST PROVIDED 1,375 SESSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Ellis CEO | 40 | $494,457 | |
Chris Moody Co-Asst CEO | Officer | 40 | $160,409 |
Nicholas Sedlacek Co-Asst CEO | Officer | 40 | $146,868 |
Kenneth Kramer CFO | Officer | 40 | $137,701 |
Vicky Billings Controller | Officer | 40 | $117,588 |
Keith Bradbury Placement Director | Officer | 40 | $106,215 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,895 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,895 |
| Total Program Service Revenue | $12,563,036 |
| 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 | $12,649,473 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,433,290 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,253,033 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $954,786 |
| Payroll taxes | $604,211 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,033 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,800 |
| Advertising and promotion | $100,920 |
| Office expenses | $43,060 |
| Information technology | $7,066 |
| Royalties | $0 |
| Occupancy | $967,056 |
| Travel | $86,149 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55,664 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $323,634 |
| Insurance | $158,895 |
| All other expenses | $10,210 |
| Total functional expenses | $13,071,807 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $565,614 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,506,326 |
| Loans from Officers, Directors, or Controlling Persons | $400 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $235,688 |
| Net Land, buildings, and equipment | $3,481,053 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,044 |
| Total assets | $5,796,125 |
| Accounts payable and accrued expenses | $780,537 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $13,072 |
| 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 | $793,609 |
| Net assets without donor restrictions | $5,002,516 |
| 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 | $5,796,125 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Pegasus Schools Inc has recieved totaling $33,042.
| Awarding Organization | Amount |
|---|---|
Miriam And Emmett Mccoy Foundation San Marcos, TX PURPOSE: GENERAL FUND | $18,000 |
Texas Center For Child And Family Studies Austin, TX PURPOSE: PROVIDE ASSISTANCE FOR ADDITIONAL EXPENDITURES RELATED TO COVID-19 VIRUS. | $15,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $42 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pegasus Schools Inc Lockhart, TX | $5,796,125 | $12,649,473 |
Dallas Childrens Advocacy Center Dallas, TX | $17,920,267 | $13,989,749 |
Project Celebration Inc Many, LA | $1,915,570 | $1,936,397 |
Texas Network Of Youth Services Incorporated Austin, TX | $1,097,405 | $1,335,252 |
Make-A-Wish Foundation Of The Rio Grande Valley Mcallen, TX | $1,438,357 | $425,804 |
Low Birth Weight Development Center Dallas, TX | $613,549 | $260,357 |