The Pegasus Foundation FY2022 filing

Hobe Sound, FL · Public foundation / grantmaker · Foundations & Grantmakers

✓ Tax-deductible
Revenue
$451K
+130% vs prior year
Spent
$376K
To programs
87%
Net assets
$289K
By yearFY2020–FY2025
Revenue
$451K
FY2022▲ +130%
Revenue by fiscal year
FY2020$407K
FY2021$196K
FY2022$451K
FY2023$615K
FY2024$163K
FY2025$122K
Expenses
$376K
FY2022▼ -12%
Expenses by fiscal year
FY2020$521K
FY2021$427K
FY2022$376K
FY2023$424K
FY2024$306K
FY2025$246K
Net assets
$289K
FY2022▲ +35%
Net assets by fiscal year
FY2020$444K
FY2021$214K
FY2022$289K
FY2023$480K
FY2024$337K
FY2025$212K

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CThe Pegasus Foundation
EINHdr · item D22-3487149
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMar 1997
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CHobe Sound, FL
NTEE classificationIRS BMFFoundations & Grantmakers (T22J)
WebsiteHdr · item Jwww.pegasusfoundation.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.13
Program services87%$327K
Management & general13%$49K
Total functional expensesLn 25$376K

Financial health

Is it on solid ground?

Program efficiency
87%
of spending reaches programs
Operating runway
31.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+17%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$298K
FY2022▲ +39%
Total assets by fiscal year
FY2020$445K
FY2021$214K
FY2022$298K
FY2023$480K
FY2024$337K
FY2025$212K
Total liabilities
$9K
FY2022▲ ×43
Total liabilities by fiscal year
FY2020$947
FY2021$199
FY2022$9K
FY2023$0
FY2024$0
FY2025$0
Revenue less expensesPt I · Ln 19$75K
Total assetsPt X · Ln 16$298K
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1$298K
Total assetsLn 16$298K
Total liabilitiesLn 26$9K
Total net assetsLn 32$289K
Months of cash on handcomputed9.5

Statement of Revenue

Part VIII
Contributions & grants100%$452K
Total revenueLn 12$451K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $298K · Operating expenses (Pt IX) $376K · Less non-cash grants $262K · Cash operating expenses/yr $114K
31.3 months
Where the money goes
Program services
Program services $327K · Total expenses $376K
87%
Management & General
Management & general $49K · Total expenses $376K
13%
Fundraising
Fundraising $0 · Total expenses $376K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $351K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $452K · Total revenue $451K
100%
Government reliance
Government grants — · Total revenue $451K
—
Earned-income share
Program service revenue $0 · Total revenue $451K
0%
Investment reliance
Investment income −$755 · Total revenue $451K
-0.2%
Program self-sufficiency
Program service revenue $0 · Total expenses $376K
0%
Growth & trend
Revenue growth (YoY)
This year $451K · Prior year $196K
+130%
Net-asset trend (YoY)
End of year $289K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $451K · Expenses $376K
+17%
Liabilities-to-Assets
Total liabilities — · Total assets $298K
—
Net-asset ratio
Net assets $289K · Total assets $298K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $298K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Patricia Ragan · Reported title CO-TRUSTEE · Highest reported compensation $22K · Total expenses $376K
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $53K · Total expenses $376K
14%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 87%——
Overhead ratio 13%——
Fundraising cost ratio 0%——
Revenue growth 130%——
Legal fee ratio 5%——
Accounting fee ratio 4%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Co-Trustee
$22,153Pt VII · Sec A
$15,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Co-Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$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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Governance & Policies

Part VI
  • 8Voting board membersPt VI · Ln 1a
  • –Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2Yes

Mission and programs

What it does.

Improves animal welfare through grants and education worldwide.

Provided by the organization

This section is blank until The Pegasus Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

2 program services account for $327K of program spending, described in the organization's own filed words · FY2022.
01

Contributions to charities working for animal welfare

$167Kprogram expense
02

Help us help them

$160Kprogram expense

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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 →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $122K$246K-25% 990 PDF
FY2024 $163K$306K-74% 990 PDF
FY2023 $615K$424K+36% 990 PDF
FY2022 Viewing $451K$376K+130% 990 PDF
FY2021 $196K$427K-52% 990 PDF
FY2020 $407K$521K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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