Pegasus Schools Inc
- Assets
- $5.3m
- Revenue
- $12.3m
- Investments
- $0.0
- Employees
- 182
- Location
- Lockhart, TX
- Founding
- 09/1990
- Data as of
- 06/2023
- EIN
- 74-2569814
Organization Overview
Pegasus Schools Inc is located in Lockhart, TX. The organization was established in 1990. As of 06/2023, Pegasus Schools Inc employed 182 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pegasus Schools 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 06/2023, Pegasus Schools Inc generated $12.3m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $12.5m during the year ending 06/2023. 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
PROVIDE ROOM, COMPREHENSIVE THERAPEUTIC MILIEU FOR ABUSED, NEGLECTED, EMOTIONALLY DISTURBED AND ADJUDICATED BOYS AGES 10-17 AND ON-SITE SCHOOL ADMINISTERED BY TRINITY CHARTER SCHOOLS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ROOM, BOARD AND COMPREHENSIVE THERAPEUTIC MILIEU FOR ABUSED, EMOTIONALLY DISTURBED AND ADJUDICATED BOYS BETWEEN THE AGES OF 10 AND 17. 55,746 DAYS OF CARE FOR 283 BOYS
PROVIDE FACILITIES AND TEN AIDES FOR AN ON-SITE SCHOOL BY CASA GRANDE D/B/A TRINITY CHARTER SCHOOLS. 177 REGULAR DAYS OF SCHOOL WITH ATTENDANCE OF 27,506 DAYS
THERAPEUTIC COUNSELING TO BREAK THE CYCLE OF ABUSE. CLINICAL THERAPISTS PROVIDED 15,825 HOURS OF COUNSELING. PSYCHIATRIST PROVIDED 1,030 SESSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Ellis Founder | 40 | $373,259 | |
Keith Bradbury Placement Director | Officer | 40 | $153,964 |
Nicholas Sedlacek Asst CEO | Officer | 40 | $146,047 |
Chris Moody CEO | Officer | 40 | $148,675 |
Kenneth Kramer CFO | Officer | 40 | $136,124 |
Vicky Billings Controller | Officer | 30 | $109,717 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,747 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,747 |
| Total Program Service Revenue | $12,268,496 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,305,166 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,486,779 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,499,403 |
| Compensation of current officers, directors, key employees. | $713,822 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,402,315 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $900,300 |
| Payroll taxes | $590,936 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,114 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,853 |
| Advertising and promotion | $82,748 |
| Office expenses | $33,379 |
| Information technology | $6,444 |
| Royalties | $0 |
| Occupancy | $807,107 |
| Travel | $119,467 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $72,588 |
| Interest | $2,995 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $297,458 |
| Insurance | $162,655 |
| All other expenses | $0 |
| Total functional expenses | $12,516,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $576,341 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,319,860 |
| 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 | $218,321 |
| Net Land, buildings, and equipment | $3,166,974 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,334 |
| Total assets | $5,287,830 |
| Accounts payable and accrued expenses | $506,721 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $6,728 |
| 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 | $513,449 |
| Net assets without donor restrictions | $4,774,381 |
| Net assets with donor restrictions | $0 |
| 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 | $5,287,830 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Childrens Advocacy Center Dallas, TX | $20,322,959 | $14,798,554 |
Pegasus Schools Inc Lockhart, TX | $5,287,830 | $12,305,166 |
Project Celebration Inc Many, LA | $1,505,591 | $2,049,374 |
Texas Network Of Youth Services Incorporated Austin, TX | $533,588 | $1,576,498 |
Make-A-Wish Foundation Of The Rio Grande Valley Mcallen, TX | $1,617,111 | $1,126,264 |
Low Birth Weight Development Center Dallas, TX | $632,800 | $272,389 |