The Pegasus Foundation FY2021 filing

Tax-deductible

Hobe Sound, FL501(c)(3)Foundations & GrantmakersEIN 22-3487149Revenue $196K in FY2021

On file with the IRSpegasusfoundation.orgPo Box 787, 33475-0787 · Hobe Sound, FLTax-exempt since Mar 1997Publicly supported charity — 170(b)(1)(A)(vi)

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The Pegasus Foundation improves animal welfare through effective grant making and education in the united states,the caribbean,native american lands,africa and asia.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$15K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $58K a year · 18% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$15K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $30K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$199
0.09% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 8 voting members
Concern: none of 8 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$196K
-52% vs prior year
Spent
$427K
To programs
89%
Net assets
$214K
By yearFY2020–FY2025
Revenue
$196K
FY2021▼ -52%
Tap a bar for its year
Revenue by fiscal year
FY2020$407K
FY2021$196K
FY2022$451K
FY2023$615K
FY2024$163K
FY2025$122K
Expenses
$427K
FY2021▼ -18%
Tap a bar for its year
Expenses by fiscal year
FY2020$521K
FY2021$427K
FY2022$376K
FY2023$424K
FY2024$306K
FY2025$246K
Net assets
$214K
FY2021▼ -52%
Tap a bar for its year
Net assets by fiscal year
FY2020$444K
FY2021$214K
FY2022$289K
FY2023$480K
FY2024$337K
FY2025$212K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1997.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $381K Management & general 11% · $46K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $15K paid to officers and key staff.

Part VII, Section A · reportable compensation
$15,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Co-Trustee
$0Pt VII · Sec A
Co-Trustee
$0Pt VII · Sec A
Co-Trustee
$0Pt VII · Sec A

Patricia Ragan’s $22K as Co-Trustee is at the 20th percentile of top reported officer pay among 1265 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2022FY2021FY2020
Patricia Ragan$22,153——
John Wgrandy Retired Exec Director$15,000$15,000$15,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Pegasus Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Improves animal welfare through grants and education worldwide.

Provided by the organization

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2 programs · $381K · in their own filed words · FY2021
01

Contributions to charities working for animal welfare

$265Kprogram expense
02

Help us help them

$115Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2019
Total grants receivedfrom 2 funders$30K
Grants paid · 64 grants · $1.2M · 2020–2025
Nalas New Life Rescue INCFL · FY2025$74,264
Pet Orphans INCFL · FY2025$30,200
Caring Fields FelinesFL · FY2025$12,200
Nalas New Life Rescue INCFL · FY2024$68,033
Pet Orphans INCFL · FY2024$35,067
Caring Fields FelinesFL · FY2024$10,000
Nalas New Life Rescue INCFL · FY2023$109,683
Compass Farms INCFL · FY2023$22,406
Popo Pitbulls INCFL · FY2023$20,785
Caring Fields FelinesFL · FY2023$15,600
Save the Chimps INCFL · FY2023$7,500
Nalas New Life Rescue INCFL · FY2022$85,691
Save the Chimps INCFL · FY2022$15,000
See all 64 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$196K
Ln 12
Gifts and grantsLn 1h$196K
Investment incomeLn 3$10
Fees for servicesLn 2g$8
Money outPt IX
$427K
Ln 25
Programscol B$381K
Managementcol C$46K
Owns and owesPt X
$214K
net assets · Ln 32
Cash and savingsLn 1–2$214K
Total assetsLn 16$214K
LiabilitiesLn 26$199
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$196K
Fundraising eventsLn 1c$37K
Fees for servicesLn 2g$8
Investment incomeLn 3$10
Total revenueLn 12$196K
Assets in detailPt X, end of year
CashLn 1$214K
Cash and savings togetherLn 1–2$214K
Total assetsLn 16$214K
LiabilitiesLn 26$199
Net assetsLn 32$214K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$445K$214K
Total assetsLn 16$445K$214K
LiabilitiesLn 26$947$199
Net assetsLn 32$444K$214K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$236K$236K
Pay of current officers, directors and key staffLn 5$39K$39K
Other salaries and wagesLn 7$11K$11K
Payroll taxesLn 10$3K$3K
Legal feesLn 11b$31K$31K
Accounting feesLn 11c$14K$14K
Other fees for servicesLn 11g$62K$62K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$751$751
Information technologyLn 14$10K$10K
InterestLn 20$10$10
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$18K$18K$74
Total functional expensesLn 25$427K$381K$46K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $122K$246K−$124K$212K 990 PDF
FY2024 $163K$306K−$143K$337K 990 PDF
FY2023 $615K$424K$191K$480K 990 PDF
FY2022 $451K$376K$75K$289K 990 PDF
FY2021 Viewing $196K$427K−$230K$214K 990 PDF
FY2020 $407K$521K−$114K$444K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $196,496 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $405,444$196,478
I-9 Program service revenuePrior year $0$8
I-10 Investment incomePrior year $1,326$10
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $406,770$196,496
I-13 Grants and similar amounts paidPrior year $380,115$236,415
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $22,949$52,877
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $117,656$137,479
I-18 Total expensesPrior year $520,720$426,771
I-19 Revenue less expensesPrior year −$113,950−$230,275
Part VI · Governance 0 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $196,496 across 6 lines filed
Lines not itemized here account for $8 of total revenue; see the IRS return.
VIII-1c Fundraising events$37,471
VIII-1f All other contributions, gifts and grants$159,007
VIII-1h Total contributions, gifts and grants$196,478
VIII-3 Investment incomeExcluded from tax $10$10
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $18$196,496
Part IX · Statement of functional expenses $426,771 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $236,415$236,415
IX-5 Pay of current officers, directors and key staffPrograms $39,000$39,000
IX-7 Other salaries and wagesPrograms $11,010$11,010
IX-10 Payroll taxesPrograms $2,867$2,867
IX-11b Legal feesManagement $31,097$31,097
IX-11c Accounting feesManagement $13,585$13,585
IX-11g Other fees for servicesPrograms $61,816$61,816
IX-12 Advertising and promotionPrograms $1,383$1,383
IX-13 Office expensesPrograms $751$751
IX-14 Information technologyPrograms $9,725$9,725
IX-20 InterestPrograms $10$10
IX-23 InsuranceManagement $1,162$1,162
IX-24 Other expenses (24a–d)Programs $17,876 · Management $74$17,950
IX-25 Total functional expensesPrograms $380,853 · Management $45,918 · Fundraising $0$426,771
Part X · Balance sheet $213,910 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $444,933$213,910
X-16 Total assetsStart of year $444,933$213,910
X-17 Accounts payable and accrued expensesStart of year $947$199
X-26 Total liabilitiesStart of year $947$199
X-27 Net assets without donor restrictionsStart of year $443,986$213,711
X-32 Total net assets or fund balancesStart of year $443,986$213,711
X-33 Total liabilities and net assetsStart of year $444,933$213,910
Part XI · Reconciliation of net assets $213,711 net assets at year end
XI-1 Total revenue$196,496
XI-2 Total expenses$426,771
XI-3 Revenue less expenses−$230,275
XI-4 Net assets at start of year$443,986
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$213,711

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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