Civic Intelligence

Pegasus Legal Services for Children

EIN 46-0509986 • 501(c)3 • Albuquerque, NM

Profile

To promote and defend the rights of children and youth to safe, stable homes, quality education and healthcare, and a voice in decisions that affect their lives.

505 Marquette Ave NW Suite 1350Albuquerque, NM 87102

www.pegasuslaw.org

Siviq Scores

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

Liabilities / Assets

51st percentile

0.17x

Higher debt load relative to assets than 51% of similar nonprofits.

NTEE I • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

59th percentile

0.18x

Higher debt load relative to revenue than 59% of similar nonprofits.

NTEE I • $1M-$5M nonprofits • Source year 2025

Net Margin

18th percentile

-10%

Higher net margin than 18% of similar nonprofits.

NTEE I • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

61st percentile

$122,191

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 8.2% of source-year revenue.

NTEE I • $1M-$5M nonprofits • Source year 2025

Asset Growth

16th percentile

-13%

Faster asset growth than 16% of similar nonprofits.

NTEE I • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

15th percentile

-16%

Faster revenue growth than 15% of similar nonprofits.

NTEE I • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Down

$1,543,199

Down $220,526 (-13%) from 2024

Liabilities

Down

$268,024

Down $65,842 (-20%) from 2024

Net Assets

Down

$1,275,175

Down $154,684 (-11%) from 2024

Revenue

Down

$1,493,321

Down $277,727 (-16%) from 2024

Expenses

Up

$1,648,005

Up $312,734 (+23%) from 2024

Net Income

Down

-$154,684

Down $590,461 (-135%) from 2024

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $105,759Liabilities 2011: $89,041Net Assets 2011: $16,7182011Assets 2012: $235,201Liabilities 2012: $62,881Net Assets 2012: $172,3202012Assets 2013: $283,717Liabilities 2013: $67,073Net Assets 2013: $216,6442013Assets 2014: $291,270Liabilities 2014: $61,033Net Assets 2014: $230,2372014Assets 2015: $479,599Liabilities 2015: $132,687Net Assets 2015: $346,9122015Assets 2016: $334,763Liabilities 2016: $71,668Net Assets 2016: $263,0952016Assets 2017: $582,273Liabilities 2017: $126,083Net Assets 2017: $456,1902017Assets 2018: $579,549Liabilities 2018: $133,810Net Assets 2018: $445,7392018Assets 2019: $545,192Liabilities 2019: $71,361Net Assets 2019: $473,8312019Assets 2020: $726,947Liabilities 2020: $52,719Net Assets 2020: $674,2282020Assets 2021: $971,993Liabilities 2021: $196,374Net Assets 2021: $775,6192021Assets 2022: $1,266,017Liabilities 2022: $369,855Net Assets 2022: $896,1622022Assets 2023: $1,348,565Liabilities 2023: $354,483Net Assets 2023: $994,0822023Assets 2024: $1,763,725Liabilities 2024: $333,866Net Assets 2024: $1,429,8592024Assets 2025: $1,543,199Liabilities 2025: $268,024Net Assets 2025: $1,275,1752025

Highlighted filing

2025

Assets$1,543,199
Liabilities$268,024
Net Assets$1,275,175

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $580,722Expenses 2011: $533,727Net Income 2011: $46,9952011Revenue 2012: $643,069Expenses 2012: $487,467Net Income 2012: $155,6022012Revenue 2013: $655,409Expenses 2013: $611,085Net Income 2013: $44,3242013Revenue 2014: $637,227Expenses 2014: $623,634Net Income 2014: $13,5932014Revenue 2015: $835,135Expenses 2015: $718,460Net Income 2015: $116,6752015Revenue 2016: $786,566Expenses 2016: $870,383Net Income 2016: -$83,8172016Revenue 2017: $1,304,153Expenses 2017: $1,111,058Net Income 2017: $193,0952017Revenue 2018: $1,132,076Expenses 2018: $1,142,525Net Income 2018: -$10,4492018Revenue 2019: $877,511Expenses 2019: $849,863Net Income 2019: $27,6482019Revenue 2020: $1,091,005Expenses 2020: $890,608Net Income 2020: $200,3972020Revenue 2021: $1,183,781Expenses 2021: $1,082,390Net Income 2021: $101,3912021Revenue 2022: $1,275,069Expenses 2022: $1,154,526Net Income 2022: $120,5432022Revenue 2023: $1,224,274Expenses 2023: $1,126,354Net Income 2023: $97,9202023Revenue 2024: $1,771,048Expenses 2024: $1,335,271Net Income 2024: $435,7772024Revenue 2025: $1,493,321Expenses 2025: $1,648,005Net Income 2025: -$154,6842025

Highlighted filing

2025

Revenue$1,493,321
Expenses$1,648,005
Net Income-$154,684

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.54$0.27$1.28$1.49$1.65$0.15
2024Detailed filing. Detailed filing data is available for this year.$1.76$0.33$1.43$1.77$1.34$0.44
2023Detailed filing. Detailed filing data is available for this year.$1.35$0.35$0.99$1.22$1.13$0.10
2022Detailed filing. Detailed filing data is available for this year.$1.27$0.37$0.90$1.28$1.15$0.12
2021Detailed filing. Detailed filing data is available for this year.$0.97$0.20$0.78$1.18$1.08$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.73$0.05$0.67$1.09$0.89$0.20
2019Detailed filing. Detailed filing data is available for this year.$0.55$0.07$0.47$0.88$0.85$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.58$0.13$0.45$1.13$1.14$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.58$0.13$0.46$1.30$1.11$0.19
2016Detailed filing. Detailed filing data is available for this year.$0.33$0.07$0.26$0.79$0.87$0.08
2015Summary only. Only limited summary data is available for this year.$0.48$0.13$0.35$0.84$0.72$0.12
2014Summary only. Only limited summary data is available for this year.$0.29$0.06$0.23$0.64$0.62$0.01
2013Summary only. Only limited summary data is available for this year.$0.28$0.07$0.22$0.66$0.61$0.04
2012Summary only. Only limited summary data is available for this year.$0.24$0.06$0.17$0.64$0.49$0.16
2011Summary only. Only limited summary data is available for this year.$0.11$0.09$0.02$0.58$0.53$0.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 20, 2026
Return Version
2024v5.2
Gross Receipts
$1,493,321
Mission and Program Overview

Mission

To promote and defend the rights of children and youth to safe, stable homes, quality education and healthcare, and a voice in decisions that affect their lives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$827,767$741,608▼ $86,159
Cash and Non-Interest-Bearing Accounts$394,069$297,230▼ $96,839
Pledges and Grants Receivable$48,500$212,500▲ $164,000
Accounts Receivable$374,375$146,017▼ $228,358
Prepaid Expenses and Deferred Charges$11,921$20,747▲ $8,826
Land, Buildings, and Equipment, Net$11,747$7,576▼ $4,171
Other Notes and Loans Receivable, Net-$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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,763,725$1,543,199▼ $220,526
Other Assets Total$95,346$117,521▲ $22,175
Liabilities
Other Liabilities$291,350$208,831▼ $82,519
Accounts Payable and Accrued Expenses$42,516$59,193▲ $16,677
Total Liabilities$333,866$268,024▼ $65,842
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$987,558$897,725▼ $89,833
Net Assets With Donor Restrictions$442,301$377,450▼ $64,851
Total Net Assets Fund Balance$1,429,859$1,275,175▼ $154,684
Total Liabilities and Net Assets / Fund Balance$1,763,725$1,543,199▼ $220,526

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$7,576$60,093$67,669
Other Assets Org$4,646--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bette FleishmanExecutive DirectorPT$118,439$3,752$122,191
Rebecca N PottControllerPT$36,812$3,990$40,802

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$314,058
Program Service Revenue
$1,158,580
Investment Income
$20,683
Other Revenue
$0
All Other Contributions
$314,058
Change in Net Assets
$-154,684

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,493,321
Total Revenue per Audited Statements
$1,493,321
Total Revenue per Form 990
$1,493,321
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,269,743
Other Expenses$378,262
Total Fundraising Expense$82,986
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$791,114$22,623$61,716$875,453
Current Officers, Directors, Trustees, and Key Employees$73,121$126,519$5,725$205,365
Fees for Services Other$164,342--$164,342
Other Employee Benefits$73,053$7,265$4,655$84,973
Payroll Taxes$65,955$10,470$5,340$81,765
Occupancy$63,809$1,045-$64,854
Information Technology$12,862$40,745$710$54,317
Pension Plan Contributions$20,098$866$1,223$22,187
Fees for Services Accounting-$17,879-$17,879
Office Expenses$3,542$11,145$883$15,570
All Other Expenses$6,485$1,934$2,354$10,773
Insurance$5,608$3,353-$8,961
Fees for Services Legal$7,638--$7,638
Depreciation Depletion-$5,359-$5,359
Other Expenses$4,262$4,076-$4,076
Conferences and Meetings$3,318--$3,318
Travel$2,784$22-$2,806
Advertising--$380$380
Total Functional Expenses$1,311,718$253,301$82,986$1,648,005

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,648,005
Total Expenses per Audited Statements$1,648,005
Total Expenses per Form 990$1,648,005
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right-of-use liability$117,235
Due to other agencies$91,596
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
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

A copy of the 990 was given to the Board of Directors for review andacceptance prior to submission to the IRS.

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

Pegasus Legal Services for Children has a conflict of interest policy which includes having all new board and committee members sign an acknowledgement they have read and understood the policy. All board and committee members are required annually and in writing to disclose all businesses or other organizations of which the member or leader, or a member of his family, is an officer, member, owner, or employee; or for which the member or leader, or a member of his family, acts as an agent; or from which the member or leader, or a member of his family, receives compensation or remuneration of any sort, with which Pegasus Legal Services for Children competes or with which Pegasus Legal Services for Children has, or might reasonably in the future enter into, a relationship or a transaction. Pegasus Legal Services for Children also has a policy directing the Board Chair and other Board Members on how to disclose a potential conflict of interest when issues are discussed or voted on, which includes disclosure and the party removing themselves from the meeting during discussion and vote. The policy directs the board or committee to seek alternates to the proposed transaction so as not producing a conflict of interest unless a more advantageous transaction or arrangement is not reasonably possible.

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

The Board of Directors reviews the Executive Director's performance andcompensation annually as part of the budget process. They do a comparative study of similar organizations of similar size. The compensation review is documented.

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

The Board of Directors reviews key employees' compensation annually as part of the budget process. They do a comparative study of similar organizations of similar size. The compensation review is documented.

Form 990, Part VI, Section C, Line 19

Governing documents for the organization are available to the public uponwritten request.

Filing and Contact Details

Filer

Filer Name
Pegasus Legal Services for Children
EIN
46-0509986
Phone
5052441101
Address
505 Marquette Ave NW Suite 1350, Albuquerque, NM 87102

Signing Officer

Name
David S Milton CPA
Title
Treasurer
Signed
2026-02-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Schwartz JD
Formed
2002
Legal Domicile
Nm
Voting Board Members
8
Independent Board Members
8
Employees
20
Volunteers
1

Preparer

Firm
Janice Moen CPA
Address
12 Vista Drive, Hooksett, NH 03106
Preparer
Janice Moen CPA
Phone
5052502231
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. The Organization has adopted accounting principles generally accepted in the United State of America as they relate to uncertain tax position for the year ended June 30, 2025, and has evaluated its tax positions taken for all open tax years. The Organization is not currently under audit. Management believes that the activities of the Organization are within their tax-exempt purpose, and that there are no uncertain tax positions.

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IRS990/Desc0This past year Pegasus continued its work as a legal resource for children, youth and their caregivers, and the community concerning the legal rights and needs of children and youth. In FY25, we served over 2,100 clients. Pegasus exclusively serves low-income New Mexicans who would not be able to afford an attorney, ensuring that the ability to afford an attorney is not a deciding factor in their life. Our clients are reflective of our state population, we serve individuals of all racial and ethnic identities, offer direct services in both Spanish and English, and translation services for other languages.Pegasus attorneys are specialists in childrens rights and family law including Kinship Guardianship, Adoption, Youth Law, Child Abuse & Neglect, Client Advocacy, and Systematic Advocacy. Our Kinship Guardianship Program (77.3% of cases in FY25) provides legal services to grandparents and other kinship caregivers taking care of children whose parents are unable or unwilling to provide them with proper care. Last year, our Kinship Guardianship cases had a 98% success rate indicating that Pegasus clients are awarded their Guardianship status by a judge and the legal protections that come with this status. As an extension of Our Kinship Guardianship Program, Pegasus is offering adoption services to kinship caregivers who have had a Kinship Guardianship Order for 24 months or longer, or who meet special circumstances such as when both parents of a child are deceased. In FY 25, adoption services accounted for 5.9% of cases.Our Youth Law Program (7.6% of cases in FY25) consists of two main tiers: Family law for young parents under 25 years old, and legal support for homeless, runaway, and/or incarcerated youth. Both tiers also support youth with mental health issues.Pegasus attorneys also represent children or youth who have experienced violence, abuse, neglect, or harm. Pegasus has a special focus on representation of Indian Children in the child welfare system and new services for undocumented youth. In FY25, we represented children on the Pueblos of Zuni, Santa Ana and Isleta. Abuse & Neglect services accounted for 9.2% of cases in FY25. We are currently training more Pegasus attorneys to take Abuse & Neglect cases as the need for such services is significant. Pegasus staffs a fully bilingual team of client advocates that provide free services to Pegasus clients. In FY25 our team connected clients to needed services including: - Social Security 21.2% - Documents & Identification 15.9% - Education Services 12.9% - Housing 9.1% - Counseling 8.3% - Food & Nutrition 7.6% - Healthcare 7.6% - Clothing & Diapers 2.3% - Other Services 15.1%Pegasus works to not only fulfill existing community needs but also takes action to redress systemic issues that produce the need for our services to begin with. In FY25, we partnered with policymakers to ensure that childrens needs and rights are taken into consideration in the development of state and local laws, policies, and regulations and we also litigated against service providers and public institutions who failed to provide adequate services to New Mexicos children and youth.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. The Organization has adopted accounting principles generally accepted in the United State of America as they relate to uncertain tax position for the year ended June 30, 2025, and has evaluated its tax positions taken for all open tax years. The Organization is not currently under audit. Management believes that the activities of the Organization are within their tax-exempt purpose, and that there are no uncertain tax positions.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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