Pegasus Foundation Dallas Institute Of Humanities & Culture
- Assets
- $11.0m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 13
- Location
- Dallas, TX
- Founding
- 11/1980
- Data as of
- 08/2020
- EIN
- 75-1721049
Organization Overview
Pegasus Foundation Dallas Institute Of Humanities & Culture, operating under the name Dallas INST OF HUMANITIES & CULTURE, is located in Dallas, TX. The organization was established in 1980. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 08/2021, Dallas INST OF HUMANITIES & CULTURE employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dallas INST OF HUMANITIES & CULTURE 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 08/2020, Dallas INST OF HUMANITIES & CULTURE generated $2.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $1.7m during the year ending 08/2020. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE DALLAS INSTITUTE OF HUMANITIES AND CULTURE IS A NONPROFIT EDUCATIONAL ORGANIZATION WHOSE PURPOSE IS TO ENRICH AND DEEPEN THE PRACTICAL LIFE OF THE CITY WITH THE WISDOM AND IMAGINATION OF THE HUMANITIES. THE INSTITUTE ACCOMPLISHES ITS MISSION THROUGH EVENTS, CONFERENCES, AND GENERAL COURSES OF STUDY FOR OUR COMMUNITY, THROUGH PROFESSIONAL PROGRAMS FOR EDUCATORS, AND THROUGH PUBLICATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 COWAN CENTERS SUMMER INSTITUTES. CURRENTLY, TRADEMARKED COWAN ACADEMIES ARE OPERATING IN SEVERAL FORT WORTH ISD SCHOOLS.
GENERAL STUDIES: CLASSES, GROUPS, AND EVENTS FOR DIVERSE AUDIENCES, ENRICHING THE LIVES OF PARTICIPANTS THROUGH THE STUDY OF HUMANITIES.
FESTIVAL OF IDEAS: PROGRAM FOCUSED ON HELPING SHAPE THE CITY OF THE FUTURE BY IGNITING, UNITING, AND ENERGIZING THE PEOPLE OF DALLAS THROUGH THE POWER OF IDEAS. THE VISION OF THE FESTIVAL IS TO BE THE LEADING IDEAS FESTIVAL IN THE NATION THAT FOSTERS AND EXECUTES ACTION, CREATING A LASTING LEGACY FOR THE CITY OF DALLAS AND ITS CITIZENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Allums-Thru 1220 Executive Dir. | Officer | 50 | $108,626 |
Dr Seemee Ali -From 1020 President | Officer | 50 | $31,250 |
David Griffin Chairman | OfficerTrustee | 3 | $0 |
Albert C Black Jr Board Member | Trustee | 1 | $0 |
Kate Juett Board Member | Trustee | 1 | $0 |
Justin Moore Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aztec Construction & Design Construction | 8/30/21 | $295,453 |
Dsgn Associates Inc Architect | 8/30/21 | $122,826 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,128,383 |
| Investment income | $99,515 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$29,590 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,760,160 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $50,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $129,602 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $501,860 |
| Pension plan accruals and contributions | $38,340 |
| Other employee benefits | $87,366 |
| Payroll taxes | $63,029 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,113 |
| Fees for services: Other | $175,352 |
| Advertising and promotion | $40,237 |
| Office expenses | $17,816 |
| Information technology | $39,614 |
| Royalties | $0 |
| Occupancy | $85,981 |
| Travel | $26,900 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $36,582 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $103,077 |
| Insurance | $27,288 |
| All other expenses | $0 |
| Total functional expenses | $1,749,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,802 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,000 |
| 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 | $47,097 |
| Prepaid expenses and deferred charges | $325 |
| Investments—publicly traded securities | $6,644,710 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $91,952 |
| Total assets | $11,025,313 |
| Accounts payable and accrued expenses | $19,666 |
| Grants payable | $0 |
| Deferred revenue | $11,250 |
| 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 | $514,296 |
| Unsecured mortgages and notes payable | $138,815 |
| Other liabilities | $0 |
| Total liabilities | $684,027 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $10,341,286 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Pegasus Foundation Dallas Institute Of Humanities & Culture has recieved totaling $249,345.
| Awarding Organization | Amount |
|---|---|
Dallas Foundation A Tx Nonprofit Corporation Dallas, TX PURPOSE: GENERAL SUPPORT | $111,250 |
Sapphire Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $80,000 |
Harry S Moss Foundation Dallas, TX PURPOSE: GENERAL SUPPORT | $35,000 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $23,074 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $21 |
Endowment Analysis
| Beg. Balance | $1,154,629 |
| Earnings | $225,421 |
| Grants | $90,000 |
| Ending Balance | $1,290,050 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
Hamill Foundation Houston, TX | $203,029,849 | $39,782,936 |