Pegasus Therapeutic Riding Inc
- Assets
- $5.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 29
- Location
- Brewster, NY
- Founding
- 04/1999
- Data as of
- 08/2023
- EIN
- 06-0932894
Organization Overview
Pegasus Therapeutic Riding Inc is located in Brewster, NY. The organization was established in 1999. According to its NTEE Classification (N69) the organization is classified as: Equestrian, under the broad grouping of Recreation & Sports and related organizations. As of 08/2023, Pegasus Therapeutic Riding Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pegasus Therapeutic Riding Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2023, Pegasus Therapeutic Riding Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $1.4m during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE LIVES OF INDIVIDUALS WITH DISABILITIES AND CHALLENGES THROUGH EQUINE-ASSISTED ACTIVITIES AND THERAPIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PEGASUS THERAPEUTIC RIDING PROVIDES THERAPEUTIC BENEFITS OF EQUINE-ASSISTED ACTIVITES TO INDIVIDUALS WITH DISABILITIES AND CHALLENGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Carberry President | OfficerTrustee | 10 | $0 |
Joseph Cusato Vice President | OfficerTrustee | 4 | $0 |
Sue Mcgraw Secretary | OfficerTrustee | 4 | $0 |
Susan Kozera Treasurer | OfficerTrustee | 4 | $0 |
David O'leary Board Member | Trustee | 2 | $0 |
Carl Rohde Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $112,200 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $989,047 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,101,247 |
| Total Program Service Revenue | $188,944 |
| Investment income | $6,389 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,100 |
| Net Income from Fundraising Events | $23,846 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,325,402 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $706,366 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $47,687 |
| Payroll taxes | $59,575 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $360 |
| Fees for services: Other | $28,724 |
| Advertising and promotion | $497 |
| Office expenses | $55,732 |
| Information technology | $4,364 |
| Royalties | $0 |
| Occupancy | $33,467 |
| Travel | $7,360 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $819 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $202,403 |
| Insurance | $36,289 |
| All other expenses | $0 |
| Total functional expenses | $1,396,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $297,552 |
| Savings and temporary cash investments | $34,901 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,514,405 |
| Investments—publicly traded securities | $276,447 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $750 |
| Total assets | $5,124,055 |
| Accounts payable and accrued expenses | $10,820 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,820 |
| Net assets without donor restrictions | $4,867,633 |
| Net assets with donor restrictions | $245,602 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,124,055 |