Pegasus Therapeutic Riding Academy Inc
- Assets
- $331.6k
- Revenue
- $435.0k
- Investments
- $0.0
- Employees
- 20
- Location
- Philadelphia, PA
- Founding
- 11/1983
- Data as of
- 12/2021
- EIN
- 23-2241291
Organization Overview
Pegasus Therapeutic Riding Academy Inc is located in Philadelphia, PA. The organization was established in 1983. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2021, Pegasus Therapeutic Riding Academy Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pegasus Therapeutic Riding Academy 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 12/2021, Pegasus Therapeutic Riding Academy Inc generated $435.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $443.3k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROVIDE THERAPEUTIC EXERCISE IN VARIOUS FORMS ALWAYS EMPHASIZING ABILITY AND MAINTAINING AN ENVIRONMENT OF RESPECT AND TRUST FOR OUR RIDERS, VOLUNTEERS AND HORSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PEGASUS TRA PROVIDES EQUINE-ASSISTED ACTIVITIES AND THERAPIES TO INDIVIDUALS WITH DISABILITIES, DIAGNOSES, AND AT-RISK POPULATIONS. INCORPORATED AS A NON-PROFIT ORGANIZATION IN 1982, THE PROGRAM PARTNERS WITH HORSES, AND THEIR UNIQUE THREE-DIMENSIONAL SWING GATE, TO PROMOTE IMPROVED PHYSICAL STRENGTH, EMOTIONAL WELL-BEING, INDEPENDENCE, ALONG OTHER KEY LIFE SKILLS. PEGASUS PROVIDES THERAPEUTIC EXERCISE IN VARIOUS FORMS, ALWAYS EMPHASIZING ABILITY MAINTAINING AN ENVIRONMENT OF RESPECT TRUST FOR OUR RIDERS, VOLUNTEERS, HORSES. THERAPEUTIC RIDING HAS MANY COMPONENTS, INCLUDING PHYSICAL, PSYCHOLOGICAL, RECREATIONAL, AS WELL AS EDUCATIONAL. OUR FACILITIES INCLUDE A STATE-OF-THE-ART INDOOR RIDING ARENA THAT PERMITS YEAR-ROUND OPERATION. WE CURRENTLY HAVE 15 THERAPY HORSES OF VARIED SIZES BREEDS. THE PROGRAM STAFF CONSISTS OF TWO FULL-TIME EMPLOYEES NINE PART-TIME EMPLOYEES. PEGASUS IS A PATH PROFESSIONAL ASSOCIATION OF
PEGASUS OPERATES AN AUTISM PROGRAM TO MEET THE GROWING NEED FOR SERVICES FOR CHILDREN DIAGNOSED WITH AUTISM SPECTRUM DISORDERS. MANY IN THE MEDICAL COMMUNITY BELIEVE THAT THERE IS A SPECIAL CONNECTION BETWEEN HORSES AND CHILDREN WITH AUTISM BECAUSE BOTH INTERPRET THE WORLD IN PICTURES. AS THE BOND GROWS BETWEEN CHILD AND ANIMAL, PROGRESS SUCH AS IMPROVED COMMUNICATION, SOCIAL SKILLS, AND BEHAVIOR BECOME POSSIBLE IN MANY CASES. THIS PROGRAM ACCOMODATES 12 RIDERS PER WEEK.
PEGASUS THERAPEUTIC RIDING ACADEMY, INC. CONDUCTS A SIX WEEK SUMMER PROGRAM TO EXPOSE ADDITIONAL PEOPLE WITH DISABILITIES TO EQUINE ASSISTED ACTIVITIES. IN 2021, THE PROGRAM INCLUDED GROUPS FROM MOSS REHABILITATION HOSPITAL, THE MOLLIE WOODS PROGRAM AT THE WOODS SCHOOL, THE PENNSYLVANIA SCHOOL FOR THE DEAF, AND A SIX WEEK TRY ME PROGRAM FOR PEOPLE WHO WERE ON OUR WAITING LIST OR WHO WERE INTERESTED IN TRYING THE PROGRAM FOR A SHORT PERIOD OF TIME. THIS PROGRAMMING PREVIOUSLY CREATED AN ADDITIONAL 35 LESSONS PER WEEK FOR NEW PARTICIPANTS DURING THE SIX WEEK PERIOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Doherty Executive Director | Officer | 40 | $50,000 |
Leigh Ann Difusco Secretary | OfficerTrustee | 1 | $0 |
Robert Hesser President | OfficerTrustee | 2.5 | $0 |
Niels Christensen Treasurer | OfficerTrustee | 1.5 | $0 |
Jonathan Smith Director | Trustee | 1 | $0 |
Jessica Ormsby Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $22,263 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $122,216 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $144,479 |
| Total Program Service Revenue | $201,336 |
| Investment income | $9 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $46,603 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $434,987 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,413 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $50,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $143,281 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,859 |
| Payroll taxes | $15,933 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $833 |
| Advertising and promotion | $0 |
| Office expenses | $20,962 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,157 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,101 |
| Insurance | $45,726 |
| All other expenses | $19,484 |
| Total functional expenses | $443,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $134,837 |
| Pledges and grants receivable | $3,000 |
| Accounts receivable, net | $3,997 |
| 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 | $17,108 |
| Net Land, buildings, and equipment | $172,626 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $331,568 |
| Accounts payable and accrued expenses | $23,074 |
| Grants payable | $0 |
| Deferred revenue | $10,110 |
| 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 | $33,184 |
| Net assets without donor restrictions | $269,767 |
| Net assets with donor restrictions | $28,617 |
| 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 | $331,568 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Pegasus Therapeutic Riding Academy Inc has recieved totaling $16,854.
| Awarding Organization | Amount |
|---|---|
Windmill Foundation Inc Philadelphia, PA PURPOSE: TO FUND THE RECIPIENT'S OPERATING BUDGET | $10,000 |
Henrietta Tower Wurts Memorial Philadelphia, PA PURPOSE: PEGASUS TRA SCHOLARSHIP PROGRAM | $3,000 |
C W Schrenk And Marjorie J Schrenk Family Foundation Holland, PA PURPOSE: PURCHASE OF BITLESS BRIDLES AND ADAPTIVE STRAPS AND LEAD LINES FOR 13 HORSES FOR THERAPEUTIC RIDERS | $2,639 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $600 |
Cameron Family Foundation Inc Greenwich, CT PURPOSE: THERAPEUTIC HORSEMANSHIP | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $115 |
Peer Organizations
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|---|---|---|
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Chimes District Of Columbia Inc Baltimore, MD | $48,959,775 | $100,243,755 |
Center For Family Services Inc Camden, NJ | $47,141,556 | $95,147,617 |
Bronx Parent Housing Network Inc Bronx, NY | $36,981,186 | $84,449,036 |
Senior Health Properties-South Inc Bala Cynwyd, PA | $22,024,850 | $74,814,140 |
The Bridge Inc New York, NY | $39,348,732 | $57,559,803 |
Ohio Living Holdings Westerville, OH | $9,052,370 | $48,267,325 |
Citizen Advocates Inc Malone, NY | $27,154,352 | $47,844,425 |
Jawonio Inc New City, NY | $45,101,853 | $45,626,177 |
Greatcare Inc New York, NY | $4,284,136 | $43,084,551 |
Yedei Chesed Inc Chestnut Ridge, NY | $23,307,240 | $44,946,201 |
Cpc Behavioral Healthcare Inc Eatontown, NJ | $20,102,294 | $37,692,480 |