Pegasus Media Project

Nonprofit profile at a glance

EIN
863579065
IRS 990 coverage
2024–2024
Forms available
Form 990 2024, Form 990-EZ 2024
Location
Dallas, TX, USA
Phone
2142287842
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Education N.E.C.

Official website

Reported finances

Revenue
$301,363
Expenses
$238,988
Assets
$225,060
Liabilities
$63,991

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

18 people listed

Highest reported compensation

  • Niloo Jalilvand (Co-Founder Exec Dir): $55,978 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Pegasus Media Project envisions a future where the next-generation of artists are the driving forces behind a thriving film and media arts industry. We strive for a narrative landscape where every voice is celebrated underserved artists lead innovate and contribute to an equitable and authentic media environment.

What it reported doing in 2024

"Harmonies of Humanity" is an innovative event that unites renowned international artists and launches the inaugural Human Rights Dallas Film Series. This series initiates discussions on global human rights issues commencing with the screening of "Nowhere Left to Go - The Jahalin Bedouin 2012." The presence of the films producer and co-director Angela Godfrey-Goldstein enriches the conversation providing valuable insights into the challenges faced by the Bedouin people and emphasizing the urgency of these global issues.Pegasus Media Projects PMP proudly presents "Harmonies of Humanity," an engaging event focused on fostering dialogue and understanding through the arts. As part of PMPs annual "Exhibition of Visions," this special evening will showcase a compelling mix of film music spoken word and cuisine all aimed at humanizing the Palestinian experience and promoting mutual respect among diverse cultures. EOV acts as a vibrant platform for artistic expression offering exciting opportunities for participants the team and the community to showcase their work. These transformative events encourage artistic development nurture collaborations with visionary artists and experts and stimulate public engagement through meaningful dialogue and community-centered art.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 68
  • Transparency & Controls: 85
  • Accountability: 71
  • Sustainability: 50
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 63.6%; rating input score 64
  • Program expense ratio: 79.4%; rating input score 79
  • Fundraising efficiency: $15.8 raised per $1 spent on fundraising; rating input score 52; 52nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 13th 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: 94.1%; rating input score 94; 26th percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 20.7%; rating input score 74; 74th percentile among comparable filings
  • Total-asset coverage ratio: 0.94; rating input score 39; 39th percentile among comparable filings
  • Liabilities to assets ratio: 0.28; rating input score 16; 16th percentile among comparable filings
  • Officer compensation ratio: 23.4%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 23.6% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 41.5% per year; rating input score 100; 95th percentile among comparable filings

Details

  • Where the money goes: 63.6% of revenue deployed · 79.4% of spending went to programs
  • Governance: 16 of 17 board members independent · 3 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $190K in reported program spending
  • Leadership: top reported pay $56K · 18 people listed
  • Consistency: 40 of 41 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • Review — Financial Efficiency: Fundraising efficiency scored 52/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 16/100.
  • High — Sustainability: Officer compensation ratio scored 16/100.