Providing therapeutic riding & equine related activities to improve health and well being.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
$73K 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

FY2024 · 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 6
filings with a surplus
Average surplus $148K a year · 21% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$73K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
10 mo
of spending, in cash
Plus $1.0M in investments, Pt X · Ln 11–13
Looks good: 10.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$36K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
+142% vs prior year
Spent
$566K
To programs
76%
Net assets
$3.0M
By yearFY2020–FY2025
Revenue
$1.3M
FY2024▲ +142%
Tap a bar for its year
Revenue by fiscal year
FY2020$468K
FY2021$617K
FY2022$700K
FY2023$525K
FY2024$1.3M
FY2025$599K
Expenses
$566K
FY2024-0.3%
Tap a bar for its year
Expenses by fiscal year
FY2020$523K
FY2021$476K
FY2022$548K
FY2023$568K
FY2024$566K
FY2025$610K
Net assets
$3.0M
FY2024▲ +40%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.0M
FY2021$2.2M
FY2022$2.2M
FY2023$2.1M
FY2024$3.0M
FY2025$3.0M

From the FY2024 Form 990 (year ending October 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2003.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $430K Management & general 17% · $99K Fundraising 6% · $37K

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

16 people listed on the 990; $73K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$73,406Pt VII · Sec A
President Elect/VP
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Jene Pleger’s $76K as Executive Director is at the 67th percentile of top reported officer pay among 2168 $100K–1M human services 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jene Pleger$75,935$73,406$68,211$64,856$64,326$57,575

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 Project Foundation 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

Offers therapeutic riding and equine activities to improve health and well-being.

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Provided by the organization

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3 programs · $430K · in their own filed words · FY2023
01

Therapeutic Riding

The pegasus project therapeutic riding program teaches riding skills to people with physical and emotional needs. Children and adults are offered weekly riding lessons as individuals or in a group.

$430Kprogram expense
02

Life Skills

The life skills program works with the special education departments at local high schools to add specialized equine curriculum and unique learning experiences to students educational programming. In this program students learn how to care for an equine facility, caring for tack, anatomy of the horse, grooming and riding skills.

Pt IX · col B
03

Hippotherapy

Working in conjunction with children's village, the pegasus project team works to help those with special needs that cannot be met in the traditional therapeutic riding program. Physical therapists, occupational therapists, and speech therapists partner to assist children in meeting therapeutic goals.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Gifts and grantsLn 1h$979K
Other incomeLn 4–11$191K
Investment incomeLn 3$60K
Money outPt IX
$566K
Ln 25
Programscol B$430K
Managementcol C$99K
Fundraisingcol D$37K
Owns and owesPt X
$3.0M
net assets · Ln 32
Cash and savingsLn 1–2$483K
Total assetsLn 16$3.0M
LiabilitiesLn 26$36K
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$979K
Noncash giftsLn 1g$16K
Fundraising eventsLn 1c$127K
Fees for servicesLn 2g$38K
Investment incomeLn 3$60K
Other incomeLn 4–11$191K
Gains on assetsLn 7$14K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$147K
SavingsLn 2$336K
Cash and savings togetherLn 1–2$483K
InvestmentsLn 11–13$1.0M
Land, buildings, equipmentLn 10c$1.5M
Total assetsLn 16$3.0M
LiabilitiesLn 26$36K
Net assetsLn 32$3.0M
OperationsPt I, VI
EmployeesI 512
VolunteersI 650
Fiscal year endsHeaderOctober
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$219K$483K
InvestmentsLn 11–13$679K$1.0M
Land, buildings, equipmentLn 10c$1.2M$1.5M
Total assetsLn 16$2.2M$3.0M
LiabilitiesLn 26$12K$36K
Net assetsLn 32$2.1M$3.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$14K$14K
Pay of current officers, directors and key staffLn 5$78K$26K$26K$26K
Other salaries and wagesLn 7$197K$197K
Other employee benefitsLn 9$4K$4K
Payroll taxesLn 10$39K$32K$4K$4K
Accounting feesLn 11c$7K$7K
Investment management feesLn 11f$6K$6K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$20K$7K$7K$7K
Information technologyLn 14$10K$10K
OccupancyLn 16$33K$16K$16K
TravelLn 17$34$34
Conferences, conventions and meetingsLn 19$1K$426$414$414
Depreciation, depletion and amortizationLn 22$64K$64K
InsuranceLn 23$10K$5K$5K
Other expenses (24a–d)Ln 24$76K$58K$18K$227
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$566K$430K$99K$37K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $599K$610K−$11K$3.0M 990 PDF
FY2024 Viewing $1.3M$566K$702K$3.0M 990 PDF
FY2023 $525K$568K−$43K$2.1M 990 PDF
FY2022 $700K$548K$152K$2.2M 990 PDF
FY2021 $617K$476K$141K$2.2M 990 PDF
FY2020 $468K$523K−$55K$2.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,267,667 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $224,906$979,435
I-9 Program service revenuePrior year $40,295$38,075
I-10 Investment incomePrior year $62,344$59,529
I-11 Other revenuePrior year $197,091$190,628
I-12 Total revenuePrior year $524,636$1,267,667
I-13 Grants and similar amounts paidPrior year $16,625$13,925
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $311,089$317,676
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $239,929$234,223
I-18 Total expensesPrior year $567,643$565,824
I-19 Revenue less expensesPrior year −$43,007$701,843
Part VI · Governance 15 of 15 board members independent, 3 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,267,667 across 11 lines filed
Lines not itemized here account for $7,996 of total revenue; see the IRS return.
VIII-1c Fundraising events$126,647
VIII-1f All other contributions, gifts and grants$852,788
VIII-1g Noncash contributions (included above)$16,100
VIII-1h Total contributions, gifts and grants$979,435
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $38,075$38,075
VIII-3 Investment incomeExcluded from tax $45,316$45,316
VIII-6 Net rental income or lossExcluded from tax −$396−$396
VIII-7 Net gain or loss on sales of assetsExcluded from tax $14,213$14,213
VIII-8 Net income from fundraising eventsExcluded from tax $178,160$178,160
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,868$4,868
VIII-12 Total revenueRelated to mission $42,943 · Unrelated business $0 · Excluded from tax $245,289$1,267,667
Part IX · Statement of functional expenses $565,824 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $13,925$13,925
IX-5 Pay of current officers, directors and key staffPrograms $26,460 · Management $25,681 · Fundraising $25,682$77,823
IX-7 Other salaries and wagesPrograms $196,806$196,806
IX-9 Other employee benefitsPrograms $4,135$4,135
IX-10 Payroll taxesPrograms $31,560 · Management $3,676 · Fundraising $3,676$38,912
IX-11c Accounting feesManagement $6,914$6,914
IX-11f Investment management feesManagement $6,136$6,136
IX-12 Advertising and promotionPrograms $3,961$3,961
IX-13 Office expensesPrograms $6,869 · Management $6,666 · Fundraising $6,667$20,202
IX-14 Information technologyManagement $9,998$9,998
IX-16 OccupancyPrograms $16,332 · Management $16,332$32,664
IX-17 TravelPrograms $34$34
IX-19 Conferences, conventions and meetingsPrograms $426 · Management $414 · Fundraising $414$1,254
IX-22 Depreciation, depletion and amortizationPrograms $64,420$64,420
IX-23 InsurancePrograms $5,108 · Management $5,108$10,216
IX-24 Other expenses (24a–d)Programs $57,725 · Management $17,907 · Fundraising $227$75,859
IX-24e All other expensesPrograms $2,565$2,565
IX-25 Total functional expensesPrograms $430,326 · Management $98,832 · Fundraising $36,666$565,824
Part X · Balance sheet $3,020,813 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $14,821$147,181
X-2 Savings and temporary cash investmentsStart of year $204,391$336,021
X-4 Accounts receivableStart of year $5,470$4,939
X-9 Prepaid expenses and deferred chargesStart of year $4,773$904
X-10c Land, buildings and equipment, netStart of year $1,243,328$1,519,372
X-11 Publicly traded securitiesStart of year $678,677$1,012,396
X-16 Total assetsStart of year $2,151,460$3,020,813
X-17 Accounts payable and accrued expensesStart of year $11,554$27,563
X-19 Deferred revenueStart of year $0$8,000
X-26 Total liabilitiesStart of year $11,554$35,563
X-27 Net assets without donor restrictionsStart of year $2,139,906$2,985,250
X-32 Total net assets or fund balancesStart of year $2,139,906$2,985,250
X-33 Total liabilities and net assetsStart of year $2,151,460$3,020,813
Part XI · Reconciliation of net assets $2,985,250 net assets at year end
XI-1 Total revenue$1,267,667
XI-2 Total expenses$565,824
XI-3 Revenue less expenses$701,843
XI-4 Net assets at start of year$2,139,906
XI-5 Net unrealized gains (losses) on investments$143,501
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,985,250

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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