Overview
What is Pegasus Theatre Chicago?
Pegasus Theatre Chicago, established in 1978, is a nonprofit organization based in Chicago, Illinois. Situated at 3473 South King Drive, it operates with a team of three dedicated individuals. The primary mission of Pegasus Theatre Chicago is to produce and perform theatrical productions for the general public. Through these performances, the organization aims to promote the understanding of theater arts within the community at large. Beyond performances, Pegasus Theatre Chicago offers various programs to serve the community, thereby contributing to the appreciation and growth of theater arts.
Official website here: www.pegasustheaterchicago.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
Pegasus Theatre Chicago has achieved a rating of 83%, reflecting its commitment to accountability and finance. This score is derived solely from its performance in these areas, highlighting the organization's strong governance practices, such as having an entirely independent board and appropriate management of assets.
Strengths of Pegasus Theatre include perfect scores in critical areas such as the independence of board members and their size, as well as a solid program expense ratio. However, there are notable limitations, particularly in their whistleblower policy and document retention practices, which received no points, indicating areas for potential improvement in their governance structure.
Overall, while Pegasus Theatre Chicago demonstrates a strong foundation in accountability and financial management, addressing the identified limitations could enhance its operational transparency and governance practices further.
This AI summary has been generated from information found on Charity Navigator.
Is Pegasus Theatre Chicago legitimate?
Pegasus Theatre Chicago is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pegasus Theatre Chicago 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: $34,782
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,753
For more financial information, click here
Official website here: www.pegasustheaterchicago.org
What is the mission statement of Pegasus Theatre Chicago?
Pegasus Theatre Chicago, established in 1978, serves as an Illinois-based not-for-profit organization. Its primary purpose is to produce and stage theatrical performances for a wide audience. Beyond this, the theater also offers various programs aimed at enriching the community's understanding of theater arts. By producing and performing these productions, Pegasus Theatre Chicago aims to contribute to the cultural landscape and foster a deeper appreciation for the art form.
Official website here: www.pegasustheaterchicago.org
What is the revenue of Pegasus Theatre Chicago?
Pegasus Theatre Chicago's revenue in 2024 was $99,622.
Official website here: www.pegasustheaterchicago.org
Who are the executives of Pegasus Theatre Chicago and what are their salaries?
The average compensation at Pegasus Theatre Chicago during 2024 was $8,907. There are 5 employees and 5 volunteers at Pegasus Theatre Chicago.
Here are 5 key members and their salaries:
- Compensation: $34,792
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.pegasustheaterchicago.org
Where can I find the form 990 for Pegasus Theatre Chicago?
Pegasus Theatre Chicago's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.pegasustheaterchicago.org
Learn more at the official website: www.pegasustheaterchicago.org
Mission Statement of Pegasus Theatre Chicago
Pegasus Theatre Chicago, established in 1978 as an Illinois not-for-profit corporation, is dedicated to enriching the community's understanding of theater arts. This esteemed organization serves the public by producing and performing various theatrical productions. Beyond these performances, Pegasus Theatre Chicago extends its service to the community at large by offering a range of programs designed to promote the appreciation of theatrical arts. Through these initiatives, the theater fosters a deeper understanding and engagement with this art form, thereby contributing to the cultural fabric of the community.
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Impact
October, 2024
Pegasus Theatre Chicago significantly enriches the cultural landscape of the city by producing and performing theatrical productions that captivate and engage the public. Founded in 1978, the theater serves as a vital platform for diverse voices and stories, enhancing the understanding and appreciation of the theater arts within the community. Its commitment to high-quality performances provides entertainment while also encouraging critical thought and dialogue around various social and cultural issues.
Additionally, Pegasus Theatre Chicago participates in various programs that extend beyond traditional performances, facilitating community involvement and education in the arts. This engagement fosters a deeper appreciation for the theater, allowing individuals of all ages to connect with the performing arts. By nurturing talent and showcasing artistic expression, Pegasus Theatre Chicago plays a crucial role in promoting the richness of the arts in Chicago, contributing to the city's vibrant cultural scene.
This information is meant to be a general summary of Pegasus Theatre Chicago. 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 2024.
- Program Service Revenue: $34,338
- Gross Receipts: $99,622
Assets and Liabilities:
- Total Assets: $199,731
- Total Liabilities: $1,382
- Net Assets: $198,349
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Subcription and Ticket Sales
Revenue
$22,838
Program fees
Revenue
$11,500
Organization Details
Founding Year
1986
Principal Officer
Ilesa Duncan
NTEE Category
Code: A65 - Arts
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