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
75 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
27 people listed on the 990-T; $169K 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 Sue Rose Summer Institutes.
Hiett Prize Event
Among the nations largest awards in the Humanities, the $50,000 Hiett Prize is awarded annually to a young person in the early stages of a career in the humanities whose work shows great promise.
Publications
The Organization publishes books and monographs that bring the disciplines of the imagination depth psychology, literary criticism, art, architecture, cultural criticism to focus on the resuscitation of culture.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990-T, line by line.
Download 990
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 Viewing | $958K | $1.6M | −$671K | $10.2M | 990 PDF |
| FY2021Filed with the IRS Jul 14, 2022 | $1.9M | $1.6M | $254K | $11.6M | 990 PDF |
| FY2020Filed with the IRS Jun 17, 2021 | $2.8M | $1.7M | $1.0M | $10.3M | 990 PDF |
Schedules filed Part IV
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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