The Pegasus School
Nonprofit profile at a glance
- EIN
- 330162184
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- Huntington Beach, CA, USA
- Phone
- 7149641224
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $22,202,262
- Expenses
- $21,594,004
- Assets
- $64,541,428
- Liabilities
- $21,349,389
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
26 people listed
Highest reported compensation
- RENE COGAN (CFO): $362,562 total reported compensation
- JASON LOPEZ (HEAD OF SCHOOL (THRU 6/30/24)): $353,295 total reported compensation
- JENNIFER GREEN (ASSOCIATE HEAD OF SCHOOL): $240,931 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The story of pegasus begins with intellectual curiosity and compassion. We are a vibrant academic community that inspires bright, motivated students to discover and develop their unique gifts. Teachers and students build trusting relationships that foster self-reliance, confidence, and innovative thinking. A pegasus education equips students to achieve future academic success and make a positive impact on society.
What it reported doing in 2024
During the 24-25 school year, the pegasus school provided independent educational services to approximately 595 children from pre-kindergarten through eighth grade at its campus in huntington beach, California. The school offered regular school year, summer programs, and numerous opportunities for students to actively participate in a challenging educational environment.
Operating model
- Revenue model
- Earned-program. 88% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 94% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - 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: 69
- Transparency & Controls: 83
- Accountability: 91
- Sustainability: 51
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 74%; rating input score 74
- Program expense ratio: 79.2%; rating input score 79
- Fundraising efficiency: $2.79 raised per $1 spent on fundraising; rating input score 10; 10th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 2.7%; rating input score 45; 45th percentile among comparable filings
- Total-asset coverage ratio: 2.99; rating input score 75; 75th percentile among comparable filings
- Liabilities to assets ratio: 0.33; rating input score 43; 43rd percentile among comparable filings
- Officer compensation ratio: 9.1%; rating input score 24; 24th percentile among comparable filings
Growth
- Program expense growth: 5.6% per year; rating input score 100; 46th percentile among comparable filings
- Revenue growth: 5.6% per year; rating input score 100; 49th percentile among comparable filings
- Asset growth: 10.6% per year; rating input score 100; 68th percentile among comparable filings
Details
- Where the money goes: 74% of revenue deployed · 79.2% of spending went to programs
- Governance: 18 of 18 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $17.1M in reported program spending
- Leadership: top reported pay $363K · 26 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $2.2M reported
- Consistency: 34 of 34 current checks pass
- Schedules: 9 filed schedules · includes major donors, grants, and executive pay
- Filing history: 13 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 8 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 10/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Operating margin scored 45/100.
- High — Sustainability: Officer compensation ratio scored 24/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 43/100.