Chicago Pegasus INC FY2023 filing

Tax-deductible

Deerfield, IL501(c)(3)Recreation & SportsEIN 36-3314701Revenue $1.5M in FY2023

On file with the IRSpegasususfc.orgPo Box 1034, 60015-6000 · Deerfield, ILTax-exempt since Jun 2023Publicly supported charity — 170(b)(1)(A)(vi)

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Pegasus is a non-for-profit corporation created for the purpose of encouraging and supporting the expansion of soccer opportunities for boys and girls who exhibit advanced ability and interest in soccer.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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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
3 of 3
filings with a surplus
Average surplus $211K a year · 11% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 11.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$623K
51% of total assets
Fine: liabilities are 51% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
Spent
$1.3M
To programs
96%
Net assets
$608K
By yearFY2023–FY2025
Revenue
$1.5M
FY2023
Tap a bar for its year
Revenue by fiscal year
FY2023$1.5M
FY2024$2.0M
FY2025$2.0M
Expenses
$1.3M
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2023$1.3M
FY2024$1.8M
FY2025$1.7M
Net assets
$608K
FY2023
Tap a bar for its year
Net assets by fiscal year
FY2023$608K
FY2024$738K
FY2025$1.0M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2010-12-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Jun 2023.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $1.3M Management & general 4% · $53K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Co-President
$0Pt VII · Sec A
Co-President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Chicago Pegasus INC 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Encourages and supports advanced soccer players with expanded opportunities.

Provided by the organization

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1 program · $1.3M · in their own filed words · FY2023
01

Income is derived from registration fee paid to pegasus for the enrichment and teaching of boys and girls talented in the game of soccer.

$1.3Mprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$12K
Money outPt IX
$1.3M
Ln 25
Programscol B$1.3M
Managementcol C$53K
Owns and owesPt X
$608K
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$1.2M
LiabilitiesLn 26$623K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$12K
Gains on assetsLn 7$0
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$819K
SavingsLn 2$412K
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$1.2M
LiabilitiesLn 26$623K
Net assetsLn 32$608K
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$850K$1.2M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$850K$1.2M
LiabilitiesLn 26$0$623K
Net assetsLn 32$850K$608K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$10K$10K
Advertising and promotionLn 12$9K$9K
Office expensesLn 13$16K$16K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$23K$21K$2K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$9K$8K$859
Other expenses (24a–d)Ln 24$1.2M$1.2M
All other expensesLn 24e$44K$29K$14K
Total functional expensesLn 25$1.3M$1.3M$53K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.0M$1.7M$307K$1.0M 990 PDF
FY2024 $2.0M$1.8M$130K$738K 990 PDF
FY2023 Viewing $1.5M$1.3M$195K$608K 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 FY2023 990 (6 parts)
Part I · Summary $1,515,760 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $1,248,814$1,503,743
I-10 Investment incomePrior year $126$12,017
I-11 Other revenue$0
I-12 Total revenuePrior year $1,248,940$1,515,760
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $46,867$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,222,357$1,320,301
I-18 Total expensesPrior year $1,269,224$1,320,301
I-19 Revenue less expensesPrior year −$20,284$195,459
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,515,760 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,503,743$1,503,743
VIII-3 Investment incomeRelated to mission $12,017$12,017
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $1,515,760$1,515,760
Part IX · Statement of functional expenses $1,320,301 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $10,072$10,072
IX-12 Advertising and promotionManagement $9,451$9,451
IX-13 Office expensesManagement $16,006$16,006
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $21,062 · Management $2,340$23,402
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $7,735 · Management $859$8,594
IX-24 Other expenses (24a–d)Programs $1,208,983$1,208,983
IX-24e All other expensesPrograms $29,365 · Management $14,428$43,793
IX-25 Total functional expensesPrograms $1,267,145 · Management $53,156 · Fundraising $0$1,320,301
Part X · Balance sheet $1,230,623 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $849,663$818,606
X-2 Savings and temporary cash investments$412,017
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $849,663$1,230,623
X-17 Accounts payable and accrued expenses$8,462
X-18 Grants payable$614,343
X-26 Total liabilitiesStart of year $0$622,805
X-27 Net assets without donor restrictionsStart of year $849,663$607,818
X-32 Total net assets or fund balancesStart of year $849,663$607,818
X-33 Total liabilities and net assetsStart of year $849,663$1,230,623
Part XI · Reconciliation of net assets $607,818 net assets at year end
XI-1 Total revenue$1,515,760
XI-2 Total expenses$1,320,301
XI-3 Revenue less expenses$195,459
XI-4 Net assets at start of year$849,663
XI-8 Prior period adjustments−$437,304
XI-10 Net assets at end of year$607,818

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

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