The Pegasus Foundation FY2023 filing

Tax-deductible

Hobe Sound, FL501(c)(3)Foundations & GrantmakersEIN 22-3487149

This page gets seen. Tell your story. Claim this org.

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.
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
14 mo
of spending, in cash
Looks good: 13.6 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
$0
0% 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
$615K
+36% vs prior year
Spent
$424K
To programs
87%
Net assets
$480K
By yearFY2020–FY2025
Revenue
$615K
FY2023▲ +36%
Revenue by fiscal year
FY2020$407K
FY2021$196K
FY2022$451K
FY2023$615K
FY2024$163K
FY2025$122K
Expenses
$424K
FY2023▲ +13%
Expenses by fiscal year
FY2020$521K
FY2021$427K
FY2022$376K
FY2023$424K
FY2024$306K
FY2025$246K
Net assets
$480K
FY2023▲ +66%
Net assets by fiscal year
FY2020$444K
FY2021$214K
FY2022$289K
FY2023$480K
FY2024$337K
FY2025$212K

From the FY2023 Form 990 · see the original

Give Claim
You’re viewing the FY2023 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

87 cents of each dollar spent went to programs.

Program services 87% · $368K Management & general 13% · $56K

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

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
$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
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 →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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

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

Know this organization? Claim it to add your story

2 program services account for $368K of program spending, described in the organization's own filed words · FY2023.
01

Contributions to charities working for animal welfare

$352Kprogram expense
02

Help us help them

$16Kprogram expense

Run this program? Claim this org to tell your story

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 FY2023 990, line by line.

1The main four
Money inPt VIII
$615K
Ln 12
Gifts and grantsLn 1h$615K
Investment incomeLn 3$126
Money outPt IX
$424K
Ln 25
Programscol B$368K
Managementcol C$56K
Owns and owesPt X
$480K
net assets · Ln 32
Cash and savingsLn 1–2$480K
Total assetsLn 16$480K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$615K
Investment incomeLn 3$126
Total revenueLn 12$615K
Assets in detailPt X, end of year
CashLn 1$429K
SavingsLn 2$50K
Cash and savings togetherLn 1–2$480K
Total assetsLn 16$480K
LiabilitiesLn 26$0
Net assetsLn 32$480K
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 FY23End FY23
Cash and savingsLn 1–2$298K$480K
Total assetsLn 16$298K$480K
LiabilitiesLn 26$9K$0
Net assetsLn 32$289K$480K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$249K$249K
Other salaries and wagesLn 7$49K$37K$12K
Payroll taxesLn 10$4K$3K$1K
Other fees for servicesLn 11g$55K$18K$37K
Advertising and promotionLn 12$6K$6K
TravelLn 17$17K$16K$394
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$42K$39K$3K
Total functional expensesLn 25$424K$368K$56K$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 Viewing $615K$424K$191K$480K 990 PDF
FY2022 $451K$376K$75K$289K 990 PDF
FY2021 $196K$427K−$230K$214K 990 PDF
FY2020 $407K$521K−$114K$444K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $614,788 across 4 lines filed
VIII-1f All other contributions, gifts and grants$614,662
VIII-1h Total contributions, gifts and grants$614,662
VIII-3 Investment incomeExcluded from tax $126$126
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $126$614,788
Part IX · Statement of functional expenses $423,936 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $248,646$248,646
IX-7 Other salaries and wagesPrograms $37,069 · Management $12,357$49,426
IX-10 Payroll taxesPrograms $3,338 · Management $1,113$4,451
IX-11g Other fees for servicesPrograms $18,196 · Management $37,193$55,389
IX-12 Advertising and promotionPrograms $5,944$5,944
IX-17 TravelPrograms $16,242 · Management $394$16,636
IX-23 InsuranceManagement $1,231$1,231
IX-24 Other expenses (24a–d)Programs $38,934 · Management $3,279$42,213
IX-25 Total functional expensesPrograms $368,369 · Management $55,567 · Fundraising $0$423,936
Part X · Balance sheet $479,845 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $228,789$429,443
X-2 Savings and temporary cash investmentsStart of year $68,815$50,402
X-16 Total assetsStart of year $297,604$479,845
X-26 Total liabilitiesStart of year $8,611$0
X-27 Net assets without donor restrictionsStart of year $288,993$479,845
X-32 Total net assets or fund balancesStart of year $288,993$479,845
X-33 Total liabilities and net assetsStart of year $297,604$479,845
Part XI · Reconciliation of net assets $479,845 net assets at year end
XI-1 Total revenue$614,788
XI-2 Total expenses$423,936
XI-3 Revenue less expenses$190,852
XI-4 Net assets at start of year$288,993
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$479,845

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.