Overview
What is The Pegasus Project Inc?
The Pegasus Project Inc is a nonprofit organization located in Ben Wheeler, Texas. Their mission is to rescue, rehabilitate, train, and re-home neglected, abused, and abandoned horses, donkeys, and mules across Texas and surrounding states. They provide essential care, attention, proper nutrition, and medical treatment to these animals. The ultimate goal is to prepare them for adoption into permanent homes. The organization has a team of 13 dedicated individuals working towards this cause.
Official website here: www.mypegasusproject.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
The Pegasus Project Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization demonstrates a commitment to transparency, with a majority of its board members being independent and having no material diversion of assets. Fiscal management appears strong, as reflected in their program expense ratio of 74.48%, suggesting that a significant portion of funds is directed towards their mission.
However, the organization has notable weaknesses in its governance policies. It lacks a conflict of interest policy, a whistleblower policy, and guidelines for document retention and destruction, which are critical for ensuring ethical practices and accountability. These missing policies may raise concerns among potential donors regarding the organization's overall governance framework.
Overall, while The Pegasus Project Inc shows strengths in financial management and transparency, addressing its governance policy gaps could enhance its credibility and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Pegasus Project Inc legitimate?
The Pegasus Project Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Pegasus Project Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $95,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $51,990
For more financial information, click here
Official website here: www.mypegasusproject.org
What is the mission statement of The Pegasus Project Inc?
The Pegasus Project Inc is dedicated to saving neglected, mistreated, and abandoned horses, donkeys, and mules in Texas and surrounding regions. Their mission involves rescuing these animals, providing them with necessary care, attention, proper nutrition, and medical treatment, and retraining them for adoption. After rehabilitation, the organization strives to find them permanent and loving homes.
Official website here: www.mypegasusproject.org
Who is the CEO of The Pegasus Project Inc?
Allyson Decanio is the President/Ed of The Pegasus Project Inc.
Official website here: www.mypegasusproject.org
What is the revenue of The Pegasus Project Inc?
The Pegasus Project Inc's revenue in 2022 was $451,551.
Official website here: www.mypegasusproject.org
Who are the executives of The Pegasus Project Inc and what are their salaries?
The average compensation at The Pegasus Project Inc during 2022 was $11,307. There are 13 employees and 40 volunteers at The Pegasus Project Inc.
Here are 7 key members and their salaries:
- Compensation: $95,000
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- Other: $0
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- Other: $0
Official website here: www.mypegasusproject.org
Where can I find the form 990 for The Pegasus Project Inc?
The Pegasus Project Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mypegasusproject.org
Learn more at the official website: www.mypegasusproject.org
Mission Statement of The Pegasus Project Inc
The Pegasus Project Inc, a dedicated organization, embarks on a mission to rescue, rehabilitate, retrain, and re-home neglected, abused, and abandoned horses, donkeys, and mules throughout Texas and surrounding states.
This compassionate group works tirelessly to save horses in distress, providing them with the necessary care, attention, proper nutrition, and medical care they require to recover from their unfortunate situations. Each horse's journey begins with a rescue, followed by a period of rehabilitation, where they are given the chance to regain their strength and wellbeing.
Once they have been restored to good health, the horses undergo retraining to prepare them for new homes. The Pegasus Project Inc's ultimate goal is to find loving and permanent homes for these horses, where they can live out their days with dignity and happiness.
The Pegasus Project Inc's commitment to these animals does not end with their rescue and rehabilitation. They believe in giving each horse a second chance at life, and so they put significant effort into ensuring that they are adopted into caring homes where they will be cherished and well-cared for.
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Impact
October, 2024
The Pegasus Project Inc significantly impacts the lives of neglected, abused, and abandoned horses, donkeys, and mules across Texas and surrounding areas. By providing comprehensive rescue services, the organization addresses critical issues related to animal welfare. Neglected horses receive essential care and attention, including proper nutrition and medical treatment, enabling them to recover and rehabilitate from their traumatic experiences.
The retraining process not only prepares these animals for adoption but also fosters their well-being and potential for a new life. Once ready, efforts are made to connect the rehabilitated animals with loving, permanent homes, ensuring they are placed in caring environments where they can thrive. This holistic approach not only transforms individual animals but also raises awareness about the importance of animal welfare within the community, fostering a culture of care and compassion towards all animals.
This information is meant to be a general summary of The Pegasus Project Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $10,000
- Program Service Revenue: $29,931
- Gross Receipts: $503,114
Assets and Liabilities:
- Total Assets: $797,698
- Total Liabilities: $70,342
- Net Assets: $727,356
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADOPTION FEES
Revenue
$18,700
CLINICS & LESSONS
Revenue
$6,555
BOARDING FEES
Revenue
$1,800
APPLICATION FEES
Revenue
$300
MISCELLANEOUS
Revenue
$2,576
Organization Details
Founding Year
2010
Phone
(903) 469-3578Principal Officer
Allyson Decanio
Main Address
PO BOX 26, BEN WHEELER, TX, 75754
Website
www.mypegasusproject.orgNTEE Category
Code: D20 - Animals
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