Pegasus Theatre Inc is located in Dallas, TX. The organization was established in 1986. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pegasus Theatre 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 09/2022, Pegasus Theatre Inc generated $170.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $170.6k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (7.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PEGASUS THEATRE PRODUCES NEW AND ORIGINAL COMEDIES TO INSPIRE AND CULTIVATE NORTH TEXAS ARTISTS, AND TO ENTERTAIN, ENLIGHTEN, AND ENGAGE OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3
PRODUCTION OF A NEW PLAY, "CLOWNING AROUND WITH MURDER!" BY KURT KLEINMANN, BENEFITING 4345 AUDIENCE MEMBERS AND 46 CONTRACTORS.
PRODUCTION OF A NEW PLAY STAGED READING FESTIVAL.
PRODUCTION OF A NEW MUSICAL, "BROADWAY OR BUST" BY PAUL KALBURGI, BENEFITING 420 AUDIENCE MEMBERS AND 28 CONTRACTORS.
PRODUCTION OF A STAGED READING, "DEATH EXPRESS!" BY KURT KLEINMANN, BENEFITING 441 AUDIENCE MEMBERS AND 21 CONTRACTORS.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Piper Board President | 4 | $0 | |
Barbara Weinberger Executive Director/board Treasurer | 8 | $0 | |
Kurt Kleinmann Artistic Director | 60 | $0 | |
Rachel Rouse Board Member | 1 | $0 | |
Jay Nield Board Secretary | 2 | $0 | |
Nancy Hartley Board Member | 1 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $68,280 |
| Total Program Service Revenue | $83,655 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $18,350 |
| Total Revenue | $170,285 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $86,937 |
| Occupancy, rent, utilities, and maintenance | $20,023 |
| Printing, publications, postage, and shipping | $6,663 |
| Other expenses | $56,983 |
| Total expenses | $170,606 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $3,789 |
| Other assets | $0 |
| Total assets | $3,789 |
| Total liabilities | $15,541 |
| Net assets or fund balances | -$11,752 |