The Pegasus School FY2021 filing

Tax-deductible

Huntingtn Bch, CA501(c)(3)Since 1986EIN 33-0162184Revenue $19.0M in FY2021

On file with the IRSthepegasusschool.org19692 Lexington Ln, 92646-3734 · Huntingtn Bch, CATax-exempt since Nov 1986School — 170(b)(1)(A)(ii)

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The story of Pegasus begins with intellectual curiosity and compassion. We are a vibrant academic community that inspires bright, motivated students to discover and develop their unique gifts. Teachers and students build trusting relationships that foster self-reliance, confidence, and innovative thinking. A Pegasus education equips students to achieve future academic success and make a positive impact on society.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
$1.3M 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $4.1M a year · 19% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.3M
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
13 mo
of spending, in cash
Looks good: 12.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
12
named funders · $550K
Looks good: 12 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$23.9M
45% of total assets
Looks good: liabilities are 45% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$19.0M
+7% vs prior year
Spent
$15.6M
To programs
77%
Net assets
$28.8M
By yearFY2020–FY2024
Revenue
$19.0M
FY2021▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$17.7M
FY2021$19.0M
FY2022$21.1M
FY2023$25.1M
FY2024$21.8M
FY2024$22.2M
Expenses
$15.6M
FY2021▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$14.8M
FY2021$15.6M
FY2022$16.3M
FY2023$18.1M
FY2024$19.5M
FY2024$21.6M
Net assets
$28.8M
FY2021▲ +19%
Tap a bar for its year
Net assets by fiscal year
FY2020$24.2M
FY2021$28.8M
FY2022$32.3M
FY2023$39.8M
FY2024$41.8M
FY2024$43.2M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1986.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $12.1M Management & general 18% · $2.9M Fundraising 4% · $684K

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

28 people listed on the 990; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Head of School
$383,093Pt VII · Sec A
$243,148Pt VII · Sec A
Development Director
$151,889Pt VII · Sec A
Lower School Director
$138,829Pt VII · Sec A
IT Director
$128,115Pt VII · Sec A
Middle School Director
$118,287Pt VII · Sec A
Educational Psychologist
$115,701Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Jason Lopez$312,846$457,696$417,891$417,891$383,093$368,759
Rene Cogan$303,437$286,425$260,790$260,790$243,148$235,155
Regina McDuffie$214,100—————
Jennifer Green$183,634$176,114$157,896$157,896$138,829$136,743
Nyly Reyes$177,357$170,419$162,068$162,068——
Diane Oliveira$168,383$164,687————
Nancy Conklin—————$159,135
Sharleen Samuelson$152,668$152,924$133,127$133,127——

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.

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Inspires young people to become confident, compassionate leaders.

Questions for The Pegasus School

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Provided by the organization

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1 program · $12.1M · in their own filed words · FY2020
01

During the 20-21 school year, the pegasus school provided independent educational services to approximately 586 children from pre-kindergarten through eighth grade at its campus in huntington beach, california.

$12.1Mprogram 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 · FY2024
See all 12 funders →
Grants paid · 6 grants · $4.0M · 2019–2024
Unitemized GrantFY2024$1,097,828
Unitemized GrantFY2023$872,724
Unitemized GrantFY2022$591,790
Unitemized GrantFY2021$438,268
Unitemized GrantFY2020$522,787
Unitemized GrantFY2019$452,173

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$19.0M
Ln 12
Fees for servicesLn 2g$15.0M
Gifts and grantsLn 1h$3.5M
Investment incomeLn 3$315K
Money outPt IX
$15.6M
Ln 25
Programscol B$12.1M
Managementcol C$2.9M
Fundraisingcol D$684K
Owns and owesPt X
$28.8M
net assets · Ln 32
Cash and savingsLn 1–2$16.6M
Total assetsLn 16$52.6M
LiabilitiesLn 26$23.9M
PeoplePt VI, VII
28
listed · VII A
PaidVII A7
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.5M
Government grantsLn 1e$1.9M
Noncash giftsLn 1g$52K
Fundraising eventsLn 1c$90K
Fees for servicesLn 2g$15.0M
Investment incomeLn 3$315K
Other incomeLn 4–11$215K
Gains on assetsLn 7$177K
Total revenueLn 12$19.0M
Assets in detailPt X, end of year
CashLn 1$1.6M
SavingsLn 2$14.9M
Cash and savings togetherLn 1–2$16.6M
InvestmentsLn 11–13$7.6M
Land, buildings, equipmentLn 10c$26.7M
Total assetsLn 16$52.6M
LiabilitiesLn 26$23.9M
Net assetsLn 32$28.8M
OperationsPt I, VI
EmployeesI 5173
VolunteersI 670
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$18.7M$16.6M
InvestmentsLn 11–13$6.2M$7.6M
Land, buildings, equipmentLn 10c$23.5M$26.7M
Total assetsLn 16$51.3M$52.6M
LiabilitiesLn 26$27.1M$23.9M
Net assetsLn 32$24.2M$28.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$523K$523K
Pay of current officers, directors and key staffLn 5$767K$234K$417K$117K
Pay of disqualified personsLn 6$8.5M$6.7M$1.4M$364K
Pension plan contributionsLn 8$544K$401K$112K$31K
Other employee benefitsLn 9$1.4M$1.1M$216K$54K
Payroll taxesLn 10$645K$497K$128K$20K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$60K$60K
Investment management feesLn 11f$21K$21K
Other fees for servicesLn 11g$27K$3K$23K$146
Office expensesLn 13$154K$106K$44K$4K
Information technologyLn 14$250K$192K$50K$8K
OccupancyLn 16$540K$415K$107K$17K
InterestLn 20$253K$214K$31K$8K
Depreciation, depletion and amortizationLn 22$806K$621K$160K$26K
InsuranceLn 23$269K$207K$53K$9K
Other expenses (24a–d)Ln 24$745K$721K$24K
All other expensesLn 24e$163K$121K$40K$1K
Total functional expensesLn 25$15.6M$12.1M$2.9M$684K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $21.8M$19.5M$2.3M$41.8M 990 PDF
FY2023 $25.1M$18.1M$7.0M$39.8M 990 PDF
FY2022 $21.1M$16.3M$4.8M$32.3M 990 PDF
FY2021 Viewing $19.0M$15.6M$3.4M$28.8M 990 PDF
FY2020 $17.7M$14.8M$3.0M$24.2M 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 $19,026,737 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,785,378$3,520,521
I-9 Program service revenuePrior year $14,524,593$14,976,541
I-10 Investment incomePrior year $372,871$314,651
I-11 Other revenuePrior year $60,652$215,024
I-12 Total revenuePrior year $17,743,494$19,026,737
I-13 Grants and similar amounts paidPrior year $452,173$522,787
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $11,336,923$11,808,559
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,994,463$3,291,279
I-18 Total expensesPrior year $14,783,559$15,622,625
I-19 Revenue less expensesPrior year $2,959,935$3,404,112
Part VI · Governance 21 of 21 board members independent, no flags
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $19,026,737 across 12 lines filed
VIII-1c Fundraising events$89,600
VIII-1e Government grants$1,918,219
VIII-1f All other contributions, gifts and grants$1,512,702
VIII-1g Noncash contributions (included above)$52,319
VIII-1h Total contributions, gifts and grants$3,520,521
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $14,976,541$14,976,541
VIII-3 Investment incomeExcluded from tax $137,648$137,648
VIII-6 Net rental income or lossExcluded from tax $24,372$24,372
VIII-7 Net gain or loss on sales of assetsExcluded from tax $177,003$177,003
VIII-8 Net income from fundraising eventsExcluded from tax $134,712$134,712
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $39,168 · Excluded from tax $16,772$55,940
VIII-12 Total revenueRelated to mission $15,015,709 · Unrelated business $0 · Excluded from tax $490,507$19,026,737
Part IX · Statement of functional expenses $15,622,625 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $522,787$522,787
IX-5 Pay of current officers, directors and key staffPrograms $233,638 · Management $417,025 · Fundraising $116,819$767,482
IX-6 Pay of disqualified personsPrograms $6,724,726 · Management $1,404,094 · Fundraising $363,619$8,492,439
IX-8 Pension plan contributionsPrograms $401,335 · Management $111,709 · Fundraising $31,182$544,226
IX-9 Other employee benefitsPrograms $1,088,721 · Management $215,832 · Fundraising $54,421$1,358,974
IX-10 Payroll taxesPrograms $496,885 · Management $128,063 · Fundraising $20,490$645,438
IX-11b Legal feesManagement $3,612$3,612
IX-11c Accounting feesManagement $60,415$60,415
IX-11f Investment management feesManagement $20,740$20,740
IX-11g Other fees for servicesPrograms $3,464 · Management $23,238 · Fundraising $146$26,848
IX-13 Office expensesPrograms $105,650 · Management $44,240 · Fundraising $4,357$154,247
IX-14 Information technologyPrograms $192,485 · Management $49,609 · Fundraising $7,938$250,032
IX-16 OccupancyPrograms $415,388 · Management $107,059 · Fundraising $17,129$539,576
IX-20 InterestPrograms $213,623 · Management $31,093 · Fundraising $8,323$253,039
IX-22 Depreciation, depletion and amortizationPrograms $620,502 · Management $159,923 · Fundraising $25,588$806,013
IX-23 InsurancePrograms $207,423 · Management $53,459 · Fundraising $8,554$269,436
IX-24 Other expenses (24a–d)Programs $720,741 · Fundraising $23,815$744,556
IX-24e All other expensesPrograms $121,324 · Management $40,239 · Fundraising $1,202$162,765
IX-25 Total functional expensesPrograms $12,068,692 · Management $2,870,350 · Fundraising $683,583$15,622,625
Part X · Balance sheet $52,646,483 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $4,845,452$1,610,144
X-2 Savings and temporary cash investmentsStart of year $13,839,031$14,944,528
X-3 Pledges and grants receivableStart of year $2,377,148$1,301,230
X-4 Accounts receivableStart of year $27,811$15,997
X-9 Prepaid expenses and deferred chargesStart of year $543,675$428,098
X-10c Land, buildings and equipment, netStart of year $23,475,714$26,727,013
X-11 Publicly traded securitiesStart of year $6,156,627$7,619,473
X-16 Total assetsStart of year $51,265,458$52,646,483
X-17 Accounts payable and accrued expensesStart of year $2,158,729$332,148
X-19 Deferred revenueStart of year $8,130,195$9,716,591
X-20 Tax-exempt bond liabilitiesStart of year $13,869,754$13,011,776
X-24 Unsecured notes and loans payableStart of year $1,900,900$0
X-26 Total liabilitiesStart of year $27,059,578$23,860,515
X-27 Net assets without donor restrictionsStart of year $12,194,470$22,116,007
X-28 Net assets with donor restrictionsStart of year $12,011,410$6,669,961
X-32 Total net assets or fund balancesStart of year $24,205,880$28,785,968
X-33 Total liabilities and net assetsStart of year $51,265,458$52,646,483
Part XI · Reconciliation of net assets $28,785,968 net assets at year end
XI-1 Total revenue$19,026,737
XI-2 Total expenses$15,622,625
XI-3 Revenue less expenses$3,404,112
XI-4 Net assets at start of year$24,205,880
XI-5 Net unrealized gains (losses) on investments$1,175,976
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$28,785,968

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

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