Civic Intelligence

The Pegasus Project Inc.

990 • Fiscal year 2020 • EIN 27-2108244

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 21, 2021

PO Box 26Ben Wheeler, TX 75754

(903) 469-3578

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

53rd percentile

0.06x

Higher debt load relative to assets than 53% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.09x

Higher debt load relative to revenue than 55% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

25th percentile

-8.3%

Higher net margin than 25% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

91st percentile

$116,962

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 25.1% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

27th percentile

-2.0%

Faster asset growth than 27% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

12th percentile

-44%

Faster revenue growth than 12% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Down

$693,608

Down $14,462 (-2.0%) from 2019

Net Assets

Down

$652,507

Down $38,582 (-5.6%) from 2019

Liabilities

Up

$41,101

Up $24,120 (+142%) from 2019

Revenue

Down

$465,657

Down $360,157 (-44%) from 2019

Expenses

Up

$504,239

Up $10,724 (+2.2%) from 2019

Net Income

Down

-$38,582

Down $370,881 (-112%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2012: $34,439Net Assets 2012: $34,4392012Assets 2013: $35,527Net Assets 2013: $35,5272013Assets 2014: $73,239Liabilities 2014: $0Net Assets 2014: $73,2392014Assets 2015: $97,837Liabilities 2015: $0Net Assets 2015: $97,8372015Assets 2017: $217,170Liabilities 2017: $0Net Assets 2017: $217,1702017Assets 2018: $370,460Liabilities 2018: $11,670Net Assets 2018: $358,7902018Assets 2019: $708,070Liabilities 2019: $16,981Net Assets 2019: $691,0892019Assets 2020: $693,608Liabilities 2020: $41,101Net Assets 2020: $652,5072020Assets 2021: $891,494Liabilities 2021: $40,722Net Assets 2021: $850,7722021Assets 2022: $797,698Liabilities 2022: $70,342Net Assets 2022: $727,3562022Assets 2023: $1,553,863Liabilities 2023: $48,086Net Assets 2023: $1,505,7772023Assets 2024: $1,477,846Liabilities 2024: $29,116Net Assets 2024: $1,448,7302024

Highlighted filing

2020

Assets$693,608
Liabilities$41,101
Net Assets$652,507

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2012: $122,242Expenses 2012: $101,350Net Income 2012: $20,8922012Revenue 2013: $127,596Expenses 2013: $126,508Net Income 2013: $1,0882013Revenue 2014: $208,192Expenses 2014: $183,480Net Income 2014: $24,7122014Revenue 2015: $256,127Expenses 2015: $231,529Net Income 2015: $24,5982015Revenue 2017: $1,431,295Expenses 2017: $1,355,869Net Income 2017: $75,4262017Revenue 2018: $607,459Expenses 2018: $465,839Net Income 2018: $141,6202018Revenue 2019: $825,814Expenses 2019: $493,515Net Income 2019: $332,2992019Revenue 2020: $465,657Expenses 2020: $504,239Net Income 2020: -$38,5822020Revenue 2021: $714,055Expenses 2021: $515,790Net Income 2021: $198,2652021Revenue 2022: $451,551Expenses 2022: $574,967Net Income 2022: -$123,4162022Revenue 2023: $1,433,061Expenses 2023: $654,640Net Income 2023: $778,4212023Revenue 2024: $501,762Expenses 2024: $556,938Net Income 2024: -$55,1762024

Highlighted filing

2020

Revenue$465,657
Expenses$504,239
Net Income-$38,582
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 21, 2021
Return Version
2020v4.1
Gross Receipts
$494,400
Mission and Program Overview

Mission

To rescue, rehabilitate, retrain, and re-home neglected, abused and abandoned horses, donkeys, and mules through texas and surrounding states.

To rescue, rehabilitate, retrain, and re-home neglected, abused, and abandoned horses, donkeys, and mules throughout texas and surrounding states.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$415,393$425,302▲ $9,909
Cash and Non-Interest-Bearing Accounts$292,677$268,306▼ $24,371
Total Assets$708,070$693,608▼ $14,462
Liabilities
Mortgage Notes Payable Secured by Investment Property$16,981$41,101▲ $24,120
Total Liabilities$16,981$41,101▲ $24,120
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$691,089$652,507▼ $38,582
Total Net Assets Fund Balance$691,089$652,507▼ $38,582
Total Liabilities and Net Assets / Fund Balance$708,070$693,608▼ $14,462

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$365,983$26,486$392,469
Equipment$59,319$63,717$123,036
Land$0--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$778,535-▲ $136,560-$899,350
2019$895,480-▲ $171,335-$778,535
2018$1,047,702-▼ $75,311-$895,480
2017$0$1,000,000▲ $51,463-$1,047,702
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Allyson DecanioPresident/edFT$116,962$116,962

Board Members and Trustees

NameTitle
Mike DecanioVice President
Anne EllisDirector
Erica MccraryDirector
Jan CooperDirector
Jessica PhillipsDirector
Ross MathsonDirector
Tamara RobinsonDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$390,716
Program Service Revenue
$18,422
Investment Income
$-2,000
Other Revenue
$58,519
All Other Contributions
$350,913
Change in Net Assets
$-38,582
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$322,819
Salaries, Compensation, and Employee Benefits$181,420
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$126,850$0$0$126,850
Current Officers, Directors, Trustees, and Key Employees$48,500$48,500$0$97,000
Payroll Taxes$50,907$0$0$50,907
Occupancy$39,639$0$0$39,639
Depreciation Depletion$0$35,293$0$35,293
Other Salaries and Wages$33,308$205$0$33,513
All Other Expenses$18,057$0$0$18,057
Insurance$0$15,856$0$15,856
Other Expenses$12,155$0$0$12,155
Office Expenses$0$4,641$0$4,641
Travel$0$4,256$0$4,256
Fees for Services Accounting$0$3,675$0$3,675
Information Technology$0$917$0$917
Total Functional Expenses$390,896$113,343$0$504,239
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$82,262
Fundraising Direct Expenses$23,743
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Wings Over Pegasus$66,741$66,741$5,728$61,013
Total Events$80,970$80,970$21,608$59,362
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
The Pegasus Project Inc
EIN
27-2108244
Phone
9034693578
Address
PO BOX 26, BEN WHEELER, TX 75754

Signing Officer

Name
Allyson Perkins Decanio
Title
President
Phone
9034693578
Signed
2021-10-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Allyson Decanio
Formed
2010
Legal Domicile
TX
Voting Board Members
8
Independent Board Members
7
Employees
10
Volunteers
40

Preparer

Firm
Allman & Associates Inc
Address
9600 Great Hills Trail Suite 150W, Austin, TX 78759
Preparer
Peter L Allman CPA
Phone
5125073022
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

The organization's president and vice president have a family relationship.

Pt VI, Line 11B

Form 990 is reviewed by the president prior to filing.

Pt VI, Line 19

Financial statements are available to the public on the guidestar website and upon request.

Form 990, Part IX, Line 11G

Cranial/sacral bodywork 7690. 7690. 0. 0.

Form 990, Part IX, Line 11G

Pemf therapy 1200. 1200. 0. 0.

Form 990, Part IX, Line 11G

Dental services 4440. 4440. 0. 0.

Form 990, Part IX, Line 11G

Farrier 22370. 22370. 0. 0.

Form 990, Part IX, Line 11G

Ranch hand labor 188. 188. 0. 0.

Form 990, Part IX, Line 11G

Training 62505. 62505. 0. 0.

Form 990, Part IX, Line 11G

Veterinarian 28457. 28457. 0. 0.

Financial Statement Notes

Pt V, Line 4

In 2017, a 20-year term endowment was established at the communities foundation of texas for the general support of the organization. The organization will receive a $50,000 distribution plus realized gains annually.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/ED
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
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IRS990/ProgramServiceRevenueGrp/Desc2BOARDING FEES
IRS990/ProgramServiceRevenueGrp/Desc3APPLICATION FEES
IRS990/ProgramServiceRevenueGrp/Desc4MISCELLANEOUS
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/ExclusionAmt40
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt010551
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13321
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt24260
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3240
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt450
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt40
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0761144
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt03992
IRS990/PYOtherExpensesAmt0332675
IRS990/PYOtherRevenueAmt040443
IRS990/PYProgramServiceRevenueAmt020235
IRS990/PYRevenuesLessExpensesAmt0332299
IRS990/PYSalariesCompEmpBnftPaidAmt0160840
IRS990/PYTotalExpensesAmt0493515
IRS990/PYTotalRevenueAmt0825814
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-38582
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt018422
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part II, Line 10 Description: FUNDRAISERS 2016: 51381. 2017: 61795. 2018: 64033. 2019: 86479. 2020: 82262.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt II Ln 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0390716
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0761144
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0555804
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0362452
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0279712
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02349828
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt092771
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt082262
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt086479
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt064033
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt061795
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt051381
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0345950
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.62890
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.59390
IRS990ScheduleA/PublicSupportTotal170Amt01695244
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt0654584
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0390716
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0761144
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0555804
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0362452
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0279712
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02349828
IRS990ScheduleA/TotalSupportAmt02695778
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.00000
IRS990ScheduleD/BuildingsGrp/BookValueAmt0365983
IRS990ScheduleD/BuildingsGrp/DepreciationAmt026486
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0392469
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt07465
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0778535
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0899350
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt08280
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0136560
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt08480
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0895480
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0778535
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0279800
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0171335
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt010024
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01047702
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0895480
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt066887
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-75311
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt03761
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt00
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt01000000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01047702
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt051463
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt059319
IRS990ScheduleD/EquipmentGrp/DepreciationAmt063717
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0123036
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IN 2017, A 20-YEAR TERM ENDOWMENT WAS ESTABLISHED AT THE COMMUNITIES FOUNDATION OF TEXAS FOR THE GENERAL SUPPORT OF THE ORGANIZATION. THE ORGANIZATION WILL RECEIVE A $50,000 DISTRIBUTION PLUS REALIZED GAINS ANNUALLY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt V, Line 4
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0425302
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt021608
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0WINGS OVER PEGASUS
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt066741
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt014229
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt080970
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt066741
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt014229
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt080970
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt059362
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt015880
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt021608
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt05728
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S PRESIDENT AND VICE PRESIDENT HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY THE PRESIDENT PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE GUIDESTAR WEBSITE AND UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CRANIAL/SACRAL BODYWORK 7690. 7690. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PEMF THERAPY 1200. 1200. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DENTAL SERVICES 4440. 4440. 0. 0.

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