Civic Intelligence

Pegasus Theatre Chicago

EIN 36-3002953 • 501(c)3 • Chicago, IL

Profile

Pegasus Theater Chicago ("Theater") is an Illinois not-for-profit corporation that was founded in 1978. The Theater produces and performs theatrical productions for the general public, and through various other programs, provides a service to the community at large to foster the understanding of theater arts.

1105 West Chicago AvenueChicago, IL 60642

www.pegasustheaterchicago.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

71st percentile

0.02x

Higher debt load relative to assets than 71% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

71st percentile

0.01x

Higher debt load relative to revenue than 71% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Net Margin

25th percentile

-17%

Higher net margin than 25% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

93rd percentile

$44,163

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 25.9% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2025

Asset Growth

31st percentile

-22%

Faster asset growth than 31% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

88th percentile

71%

Faster revenue growth than 88% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets71st percentile

Assets

Down

$100,564

Down $28,277 (-22%) from 2024

Liabilities

Up

$2,280

Up $1,207 (+112%) from 2024

Net Assets

Down

$98,284

Down $29,484 (-23%) from 2024

Operations
Liabilities / Revenue71st percentileNet Margin25th percentile

Revenue

Up

$170,428

Up $70,806 (+71%) from 2024

Expenses

Up

$199,912

Up $2,406 (+1.2%) from 2024

Net Income

Up

-$29,484

Up $68,400 (+70%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth31st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2012: $35,656Liabilities 2012: $21,040Net Assets 2012: $14,6162012Assets 2013: $49,604Liabilities 2013: $17,081Net Assets 2013: $32,5232013Assets 2014: $41,433Liabilities 2014: $11,835Net Assets 2014: $29,5982014Assets 2015: $32,434Liabilities 2015: $1,045Net Assets 2015: $31,3892015Assets 2016: $69,887Liabilities 2016: $1,040Net Assets 2016: $68,8472016Assets 2017: $27,721Liabilities 2017: $1,804Net Assets 2017: $25,9172017Assets 2018: $79,175Liabilities 2018: $927Net Assets 2018: $78,2482018Assets 2019: $66,261Liabilities 2019: $1,292Net Assets 2019: $64,9692019Assets 2020: $121,800Liabilities 2020: $2,083Net Assets 2020: $119,7172020Assets 2021: $141,740Liabilities 2021: $1,407Net Assets 2021: $140,3332021Assets 2022: $199,731Liabilities 2022: $1,382Net Assets 2022: $198,3492022Assets 2023: $226,921Liabilities 2023: $1,269Net Assets 2023: $225,6522023Assets 2024: $128,841Liabilities 2024: $1,073Net Assets 2024: $127,7682024Assets 2025: $100,564Liabilities 2025: $2,280Net Assets 2025: $98,2842025

Highlighted filing

2025

Assets$100,564
Liabilities$2,280
Net Assets$98,284
Open 2025 Filing

Operations Trend

Revenue Growth88th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2012: $159,549Expenses 2012: $162,670Net Income 2012: -$3,1212012Revenue 2013: $161,494Expenses 2013: $143,587Net Income 2013: $17,9072013Revenue 2014: $134,977Expenses 2014: $137,902Net Income 2014: -$2,9252014Revenue 2015: $169,737Expenses 2015: $167,946Net Income 2015: $1,7912015Revenue 2016: $182,855Expenses 2016: $145,256Net Income 2016: $37,5992016Revenue 2017: $129,052Expenses 2017: $173,260Net Income 2017: -$44,2082017Revenue 2018: $232,409Expenses 2018: $180,525Net Income 2018: $51,8842018Revenue 2019: $155,745Expenses 2019: $193,986Net Income 2019: -$38,2412019Revenue 2020: $165,447Expenses 2020: $111,262Net Income 2020: $54,1852020Revenue 2021: $123,555Expenses 2021: $105,110Net Income 2021: $18,4452021Revenue 2022: $179,231Expenses 2022: $121,215Net Income 2022: $58,0162022Revenue 2023: $168,626Expenses 2023: $141,323Net Income 2023: $27,3032023Revenue 2024: $99,622Expenses 2024: $197,506Net Income 2024: -$97,8842024Revenue 2025: $170,428Expenses 2025: $199,912Net Income 2025: -$29,4842025

Highlighted filing

2025

Revenue$170,428
Expenses$199,912
Net Income-$29,484
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$100,564
Liabilities
$2,280
Net assets
$98,284
Revenue
$170,428
Expenses
$199,912
Net income
-$29,484
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.01$0.02$0.98$1.70$2.00$0.29
2024Detailed filing. Detailed filing data is available for this year.$1.29$0.01$1.28$1.00$1.98$0.98
2023Detailed filing. Detailed filing data is available for this year.$2.27$0.01$2.26$1.69$1.41$0.27
2022Detailed filing. Detailed filing data is available for this year.$2.00$0.01$1.98$1.79$1.21$0.58
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.42$0.01$1.40$1.24$1.05$0.18
2020Detailed filing. Detailed filing data is available for this year.$1.22$0.02$1.20$1.65$1.11$0.54
2019Detailed filing. Detailed filing data is available for this year.$0.66$0.01$0.65$1.56$1.94$0.38
2018Detailed filing. Detailed filing data is available for this year.$0.79$0.01$0.78$2.32$1.81$0.52
2017Detailed filing. Detailed filing data is available for this year.$0.28$0.02$0.26$1.29$1.73$0.44
2016Detailed filing. Detailed filing data is available for this year.$0.70$0.01$0.69$1.83$1.45$0.38
2015Detailed filing. Detailed filing data is available for this year.$0.32$0.01$0.31$1.70$1.68$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.41$0.12$0.30$1.35$1.38$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.17$0.33$1.61$1.44$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.21$0.15$1.60$1.63$0.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2024 to Aug 31, 2025
Signed
Jan 10, 2026
Return Version
2024v5.2
Gross Receipts
$170,428
Mission and Program Overview

Mission

Pegasus Theatre Chicago is a professional theater approaching 45 years of supporting Chicagos diverse community by producing accessible, socially relevant theatre and promoting the development of new artists for the stage. Our mission is to champion new, authentic voices and produce boldly imaginative theatre primarily by and about black or other people of color (POC). We promote intercultural communication with all Chicagoans by producing plays that inspire dialogue.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$107,041$90,564▼ $16,477
Accounts Receivable$21,800$10,000▼ $11,800
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$128,841$100,564▼ $28,277
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$1,073$2,280▲ $1,207
Total Liabilities$1,073$2,280▲ $1,207
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$112,768$98,284▼ $14,484
Net Assets With Donor Restrictions$15,000--
Total Net Assets Fund Balance$127,768$98,284▼ $29,484
Total Liabilities and Net Assets / Fund Balance$128,841$100,564▼ $28,277
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Ilesa DuncanExecutive DirectorFT$44,163$44,163

Board Members and Trustees

NameTitle
Luther GoinsCo-President
Sarah ArestadDirector
David Barr IIITreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$132,261
Program Service Revenue
$38,127
Investment Income
$0
Other Revenue
$40
All Other Contributions
$116,011
Change in Net Assets
$-29,484
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$131,218
Salaries, Compensation, and Employee Benefits$68,694
Total Fundraising Expense$7,094
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$30,914$8,833$4,416$44,163
Other Salaries and Wages$12,005$3,429$1,715$17,149
Occupancy$11,420$1,553$89$13,062
Payroll Taxes$3,289$940$470$4,699
Insurance-$4,622-$4,622
Fees for Services Other-$3,660-$3,660
Other Employee Benefits$1,878$537$268$2,683
Office Expenses$956$1,234$136$2,326
Other Expenses$10,800$1,478-$1,478
All Other Expenses$300$822-$1,122
Travel-$88-$88
Interest-$46-$46
Total Functional Expenses$165,576$27,242$7,094$199,912
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Form 990 is reviewed by the president and treasurer before filing.”

Form 990, Part VI, Section B, Line 12C

“Conflicts of interest are addressed as they arise”

Form 990, Part VI, Section B, Line 15A

“Executive director compensation is reviewed and set by the finance committee of the board of directors”

Form 990, Part VI, Section B, Line 15B

“Officer compensation is reviewed and set by the finance committee of the board of directors”

Form 990, Part VI, Section C, Line 19

“Governing documents are available for review upon request”

Filing and Contact Details

Filer

Filer Name
Pegasus Theatre Chicago
EIN
36-3002953
Phone
7738788864
Address
1105 West Chicago Avenue, Chicago, IL 60642

Signing Officer

Name
Ilesa Duncan
Title
Executive Director
Signed
2026-01-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ilesa Duncan
Formed
1986
Legal Domicile
Il
Voting Board Members
4
Independent Board Members
3
Employees
5
Volunteers
50

Preparer

Firm
Il Nfp Audit and Tax Llp
Address
200 S WACKER DR SUITE 3100, CHICAGO, IL 60606
Preparer
Abdullah Khan CPA
Phone
3129985500
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The Organization is exempt from Federal and State income taxes under Section 501(c)(3) of the Internal Revenue Code, therefore, the financial statements do not include a provision for income taxes. The Organization reviews income tax positions taken or expected to be taken in income tax returns to determine if there are any income tax uncertainties. This includes positions that the entity is exempt from income taxes or not subject to income taxes on unrelated business income. The Organization recognizes tax benefits from uncertain tax positions only if it is more likely than not that the tax positions will be sustained on examination by taxing authorities, based on the technical merits of the positions. The Organization has identified no significant income tax uncertainties. The Organization files information returns as a tax-exempt organization. Should that status be challenged in the future, all years since inception could be subject to review by the IRS.”

Raw XML Appendix400 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0Produced main stage productions where new designers, technicians and actors have honed their craft, the Young Playwrights Festival where high school students learn the art of writing for the stage, or our new works projects, where professional playwrights, actors and designers come together to create new works in a safe environment.
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IRS990/Form990PartVIISectionAGrp/PersonNm1David Barr III
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IRS990/OtherExpensesGrp/Desc3DUES & SUBCRIPTIONS
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IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is exempt from Federal and State income taxes under Section 501(c)(3) of the Internal Revenue Code, therefore, the financial statements do not include a provision for income taxes. The Organization reviews income tax positions taken or expected to be taken in income tax returns to determine if there are any income tax uncertainties. This includes positions that the entity is exempt from income taxes or not subject to income taxes on unrelated business income. The Organization recognizes tax benefits from uncertain tax positions only if it is more likely than not that the tax positions will be sustained on examination by taxing authorities, based on the technical merits of the positions. The Organization has identified no significant income tax uncertainties. The Organization files information returns as a tax-exempt organization. Should that status be challenged in the future, all years since inception could be subject to review by the IRS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE PRESIDENT AND TREASURER BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Conflicts of interest are addressed as they arise
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXECUTIVE DIRECTOR COMPENSATION IS REVIEWED AND SET BY THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OFFICER COMPENSATION IS REVIEWED AND SET BY THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE AVAILABLE FOR REVIEW UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01105 West Chicago Avenue
IRS990/USAddress/CityNm0Chicago
IRS990/USAddress/StateAbbreviationCd0IL
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IRS990/VotingMembersGoverningBodyCnt04
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IRS990/WebsiteAddressTxt0www.pegasustheaterchicago.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Ilesa Duncan
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Dir.
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-01-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Pegasus Theatre Chicago
ReturnHeader/Filer/BusinessNameControlTxt0PEGA
ReturnHeader/Filer/EIN0363002953
ReturnHeader/Filer/PhoneNum07738788864
ReturnHeader/Filer/USAddress/AddressLine1Txt01105 West Chicago Avenue
ReturnHeader/Filer/USAddress/CityNm0Chicago
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0474152589
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0IL NFP AUDIT AND TAX LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0200 S WACKER DR SUITE 3100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHICAGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060606
ReturnHeader/PreparerPersonGrp/PhoneNum03129985500
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Abdullah Khan CPA
ReturnHeader/ReturnTs02026-01-10T10:08:16-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-09-01
ReturnHeader/TaxPeriodEndDt02025-08-31
ReturnHeader/TaxYr02024

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