Pegasus Legal Services for Children
Nonprofit profile at a glance
- EIN
- 460509986
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024
- Location
- Albuquerque, NM, USA
- Phone
- 5052441101
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Services
Reported finances
- Revenue
- $1,493,321
- Expenses
- $1,648,005
- Assets
- $1,543,199
- Liabilities
- $268,024
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Highest reported compensation
- Bette Fleishman (Executive Dir.): $122,191 total reported compensation
- Rebecca N Pott (Controller): $40,802 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
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.
What it reported doing in 2024
This 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.
Operating model
- Revenue model
- Earned-program. 78% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 92
- Accountability: 90
- Sustainability: 28
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 88%; rating input score 88
- Program expense ratio: 79.6%; rating input score 80
- Fundraising efficiency: $3.78 raised per $1 spent on fundraising; rating input score 12; 12th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -10.4%; rating input score 16; 16th percentile among comparable filings
- Total-asset coverage ratio: 0.94; rating input score 41; 41st percentile among comparable filings
- Liabilities to assets ratio: 0.17; rating input score 34; 34th percentile among comparable filings
- Officer compensation ratio: 9.9%; rating input score 37; 37th percentile among comparable filings
Growth
- Program expense growth: 4.7% per year; rating input score 100; 41st percentile among comparable filings
- Revenue growth: 5.8% per year; rating input score 100; 48th percentile among comparable filings
- Asset growth: 16.3% per year; rating input score 100; 75th percentile among comparable filings
Details
- Where the money goes: 88% of revenue deployed · 79.6% of spending went to programs
- Governance: 8 of 8 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.3M in reported program spending
- Leadership: top reported pay $122K · 10 people listed
- Consistency: 33 of 33 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 9 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 12/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Sustainability: Operating margin scored 16/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 34/100.
- Moderate — Sustainability: Officer compensation ratio scored 37/100.