Form 990 for tax year 2023
Filed by PEGASUS THERAPEUTIC RIDING ACADEMY INC.
Totals
- Total revenue
- $587,538
- Total expenses
- $486,611
- Contributions and grants received
- $305,613
- Grants paid
- $0
- Program service revenue
- $213,205
- Investment income
- $2,416
- Other revenue
- $66,304
- Total assets, end of year
- $398,913
- Total liabilities, end of year
- $38,150
- Net assets or fund balances, end of year
- $360,763
- Program services expenses (Part IX)
- $449,725
- Management and general expenses
- $33,985
- Fundraising expenses
- $2,901
- Program service expenses (Part III)
- $449,725
Program services were 92.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$29,439
-
1f · All other contributions, gifts and grants
$276,174
-
2a · Program service revenue: Equine Assisted Activities
total $213,205
-
3 · Investment income
total $2,416 · excluded $2,416
-
8a · Fundraising events: gross income
$89,634
-
8a · Fundraising events: contributions included on line 1c
$29,439
-
8b · Fundraising events: direct expenses
$23,330
-
8c · Net income from fundraising events
total $66,304
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $54,000 · program services $52,920 · management and general $540 · fundraising $540
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $141,982 · program services $140,002 · management and general $990 · fundraising $990
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $660 · program services $660
-
10 · Payroll taxes
total $22,117 · program services $21,841 · management and general $138 · fundraising $138
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $7,525 · management and general $7,525
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $20 · management and general $20
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $32,333 · program services $17,896 · management and general $13,204 · fundraising $1,233
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $25,455 · program services $22,909 · management and general $2,546
-
17 · Travel
total $931 · program services $931
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $1,133 · management and general $1,133
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $26,104 · program services $24,352 · management and general $1,752
-
23 · Insurance
total $56,211 · program services $50,590 · management and general $5,621
-
24a · Other expenses: Blacksmith and Veterinarian
total $37,617 · program services $37,617
-
24b · Other expenses: Hay and Feed
total $38,052 · program services $38,052
-
24c · Other expenses: Repairs and Maintenance
total $11,429 · program services $10,913 · management and general $516
-
24d · Other expenses: Horse and Barn Supplies
total $19,729 · program services $19,729
-
24e · All other expenses
total $11,313 · program services $11,313
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $85,979 · end of year $186,778
-
4 · Accounts receivable
beginning of year $24,143 · end of year $20,998
-
9 · Prepaid expenses and deferred charges
beginning of year $16,200 · end of year $18,839
-
10a · Land, buildings and equipment: cost or other basis
$412,920
-
10b · Land, buildings and equipment: accumulated depreciation
$245,777
-
10c · Land, buildings and equipment, net
beginning of year $187,647 · end of year $167,143
-
15 · Other assets
end of year $5,155
-
17 · Accounts payable and accrued expenses
beginning of year $40,498 · end of year $23,677
-
19 · Deferred revenue
beginning of year $13,635 · end of year $14,473
-
27 · Net assets without donor restrictions
beginning of year $253,519 · end of year $339,551
-
28 · Net assets with donor restrictions
beginning of year $6,317 · end of year $21,212
Mission and programs · 2023
Mission
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.
-
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
Expenses $387,073 · Grants $8,475
-
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.
Expenses $62,652 · Grants $1,495
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Teresa Fletcher
Executive Director
- Total calculated
- $54,000
- From this org
- $54,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Jason Budd
President
- Total calculated
- $0
- Hours/week
- 2.5
-
Niels Christensen
Treasurer
- Total calculated
- $0
- Hours/week
- 1.5
-
Leigh Ann DiFusco
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Robert Hesser
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jessica Ormsby
Director
- Total calculated
- $0
- Hours/week
- 1
-
Joy Barley
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tom Forkin
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan Smith
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sarah Reed
Director
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 8 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413169349302006
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