Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1980.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
80 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
23 people listed on the 990; $110K paid to officers and key staff.
Compensation history total reportable pay by year · 7 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Dr Seemee a McShane | $150,000 | $147,115 | $200,000 | — | — | — |
| Michael McShane | — | — | $170,000 | — | — | — |
| Dr Seemee Ali McShane | — | — | — | $168,905 | — | — |
| Kate Martin | $105,769 | $163,846 | — | — | — | — |
| Larry Allums-Thru 1220 | — | — | — | — | $108,626 | $110,000 |
| Francis Barron | — | — | $103,333 | — | — | — |
| Dr Seemee Ali -From 1020 | — | — | — | — | $31,250 | — |
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 Pegasus Foundation executive salaries →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 15aNo
Programs and updates
Enriches city life with humanities through events, courses, and publications.
Questions for Pegasus Foundation
Your first name shows with your question. Pegasus Foundation answers here, for everyone.
Cowan Center for Education
Year-round classes, conferences, and special events to strengthen educators and encourage retention in the field. Educators of all disciplines as well as administrators are offered a transformative experience of liberal learning through major classics of world cultures during the Cowan Centers Summer Institutes.
General Studies
Classes, groups, and events for diverse audiences, enriching the lives of participants through the study of humanities.
Festival of Ideas
Program focused on helping shape the city of the future by igniting, uniting, and energizing the people of Dallas through the power of ideas. The vision of the festival is to be the leading ideas festival in the nation that fosters and executes action, creating a lasting legacy for the city of Dallas and its citizens.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | FY20 | FY19 | FY18 | FY17 | FY16 |
|---|---|---|---|---|---|
| End of yearLn 1g | $1.2M | $1.1M | $1.2M | $1.1M | $1.1M |
| Given inLn 1b | $17K | ||||
| SpentLn 1d–1f | $95K | $65K | $50K | $50K | $50K |
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $66K | $73K |
| InvestmentsLn 11–13 | $5.6M | $6.6M |
| Land, buildings, equipmentLn 10c | $2.9M | $4.2M |
| Total assetsLn 16 | $9.3M | $11.0M |
| LiabilitiesLn 26 | $629K | $684K |
| Net assetsLn 32 | $8.7M | $10.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $0 | |||
| Grants to domestic individualsLn 2 | $50K | $50K | ||
| 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 | $130K | $97K | $25K | $8K |
| Pay of disqualified personsLn 6 | $0 | |||
| Other salaries and wagesLn 7 | $502K | $407K | $77K | $18K |
| Pension plan contributionsLn 8 | $38K | $31K | $6K | $1K |
| Other employee benefitsLn 9 | $87K | $71K | $13K | $3K |
| Payroll taxesLn 10 | $63K | $50K | $10K | $3K |
| Management feesLn 11a | $0 | |||
| Legal feesLn 11b | $0 | |||
| Accounting feesLn 11c | $18K | $14K | $3K | $714 |
| Lobbying feesLn 11d | $0 | |||
| Professional fundraising feesLn 11e | $0 | |||
| Investment management feesLn 11f | $35K | $35K | ||
| Other fees for servicesLn 11g | $175K | $164K | $9K | $2K |
| Advertising and promotionLn 12 | $40K | $37K | $2K | $576 |
| Office expensesLn 13 | $18K | $14K | $3K | $712 |
| Information technologyLn 14 | $40K | $32K | $6K | $2K |
| RoyaltiesLn 15 | $0 | |||
| OccupancyLn 16 | $86K | $69K | $14K | $3K |
| TravelLn 17 | $27K | $27K | ||
| Travel and entertainment for public officialsLn 18 | $0 | |||
| Conferences, conventions and meetingsLn 19 | $0 | |||
| InterestLn 20 | $37K | $29K | $6K | $1K |
| Payments to affiliatesLn 21 | $0 | |||
| Depreciation, depletion and amortizationLn 22 | $103K | $82K | $16K | $4K |
| InsuranceLn 23 | $27K | $9K | $9K | $9K |
| Other expenses (24a–d)Ln 24 | $211K | $164K | $2K | $46K |
| All other expensesLn 24e | $62K | $57K | $4K | $1K |
| Total functional expensesLn 25 | $1.7M | $1.4M | $241K | $104K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 LatestFiled with the IRS Nov 4, 2025 | $503K | $1.2M | −$744K | $10.2M | 990 PDF |
| FY2023Filed with the IRS Jun 24, 2024 | $800K | $1.6M | −$838K | $9.7M | 990 PDF |
| FY2022 | $958K | $1.6M | −$671K | $10.2M | 990 PDF |
| FY2021Filed with the IRS Jul 14, 2022 | $1.9M | $1.6M | $254K | $11.6M | 990 PDF |
| FY2020 ViewingFiled with the IRS Jun 17, 2021 | $2.8M | $1.7M | $1.0M | $10.3M | 990 PDF |
Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $2,760,160 revenue, 12 lines filed
Part VI · Governance 21 of 21 board members independent, 2 to look at
Part VIII · Statement of revenue $2,760,160 across 11 lines filed
Part IX · Statement of functional expenses $1,749,635 across 31 lines filed
Part X · Balance sheet $11,025,313 assets, 25 lines filed
Part XI · Reconciliation of net assets $10,341,286 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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