Pegasus Farm EIN 34-1472997

Pegasus Farm

EIN  34-1472997 Public charity (501(c)(3)) Hartville, OH
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 9/14/26 · see original filing: IRS
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Size
$1–10M
What they do
Provides therapeutic equestrian programs, vocational services, and social activities to support and empower people with diverse needs.
Leadership
Shelley Sprang · Executive Di · $63K
Money in and out
$1.6M revenue, $1.7M expenses
Bottom line
86% program efficiency

Provides therapeutic equestrian programs, vocational services, and social activities to support and empower people with diverse needs. For fiscal year 2024 it reported $1.6M in revenue, $1.7M in expenses, and $2.8M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$1.6M
Pt VIII · Ln 12
Total expenses
$1.7M
Pt IX · Ln 25
Net assets
$2.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$100K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.14
Program efficiency
86%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
6.8mo
months of highly liquid reserves at operating expense rate▼ -9% vs prior filing year
Surplus margin
-6%
revenue over expenses, this year▼ -142% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.6M
FY2024▼ -14%
Expenses
$1.7M
FY2024▲ +7%
Total assets
$3.3M
FY2024▼ -3%
Total liabilities
$429K
FY2024▲ +5%
Total revenue
$1.6M
Pt VIII · Ln 12
Total expenses
$1.7M
Pt IX · Ln 25
Net assets
$2.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$100K
Total assetsPt X · Ln 16$3.3M
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

1 program service account for $1.5M of program spending, described in the organization's own filed words · FY2024.
01

Pegasus farm serves over 500 individuals with disabilities annually. Our program participants range in age from 3 years to 75 years, with the majority being between the ages of 4 and 20. These individuals may have emotional, behavioral, cognitive, developmental or physical disabilities or a combination of these conditions.

$1.5Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPegasus Farm
EINHdr · item D34-1472997
Principal addressHdr · item CHartville, OH
WebsiteHdr · item Jpegasusfarm.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N69Z)
Ruling yearIRS BMFJan 1986

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$62,882Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Shelley Sprang’s $63K as Executive Di is at the 14th percentile of top reported officer pay among 1841 $1–10M recreation & sports 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Shelley Sprang$62,882$56,227$54,560$50,657$35,570

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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Statement of Revenue

Part VIII
Program service revenue$847K · 52%
Contributions & grants$476K · 29%
Other revenue$295K · 18%
Investment income$15K · 1%
Program service revenue52%$847K
Contributions & grants29%$476K
Other revenue18%$295K
Investment income1%$15K
— government grantsLn 1e$21K
Total revenueLn 12$1.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.14
Program services86%$1.5M
Management & general14%$242K
Total functional expensesLn 25$1.7M

Balance Sheet

Part X · end of year
CashLn 1$385K
Total assetsLn 16$3.3M
Total liabilitiesLn 26$429K
Total net assetsLn 32$2.8M
Months of cash on handcomputed2.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $970K · Operating expenses (Pt IX) $1.7M · Less non-cash grants $10K · Cash operating expenses/yr $1.7M
6.8 months
Where the money goes
Program services
Program services $1.5M · Total expenses $1.7M
86%
Management & General
Management & general $242K · Total expenses $1.7M
14%
Fundraising
Fundraising $0 · Total expenses $1.7M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $507K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $476K · Total revenue $1.6M
29%
Government reliance
Government grants $21K · Total revenue $1.6M
1%
Earned-income share
Program service revenue $847K · Total revenue $1.6M
52%
Investment reliance
Investment income $15K · Total revenue $1.6M
+1%
Program self-sufficiency
Program service revenue $847K · Total expenses $1.7M
49%
Growth & trend
Revenue growth (YoY)
This year $1.6M · Prior year $1.9M
-14%
Revenue CAGR
FY2020 $1.1M · FY2024 $1.6M
+9%
Net-asset trend (YoY)
End of year $2.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.6M · Expenses $1.7M
-6%
Liabilities-to-Assets
Total liabilities — · Total assets $3.3M
Net-asset ratio
Net assets $2.8M · Total assets $3.3M
87%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $585K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.3M
18%
People & payroll
Highest Reported Total Compensation
Individual Shelley Sprang · Reported title EXECUTIVE DI · Highest reported compensation $63K · Total expenses $1.7M
4%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.2M · Total expenses $1.7M
68%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 14%
Fundraising cost ratio 0%
Revenue growth -14%
Investment management fee ratio 0%

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.

Grants

Schedule I · funders on record
Grants received · FY2025
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.6M revenue · viewing · ⤓ 990 PDF
FY2023$1.9M revenue · ⤓ 990 PDF
FY2022$1.3M revenue · ⤓ 990 PDF
FY2021$1.4M revenue · ⤓ 990 PDF
FY2020$1.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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