Nonprofit · EIN 23-2241291
PEGASUS THERAPEUTIC RIDING ACADEMY INC
Tax-exempt · PHILADELPHIA, PA 19152
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $663,695 | $642,646 | $21,049 | $480,808 | $62,925 | $417,883 |
| December 31, 2024 | 990 | $605,857 | $569,786 | $36,071 | $466,071 | $69,237 | $396,834 |
| December 31, 2023 | 990 | $587,538 | $486,611 | $100,927 | $398,913 | $38,150 | $360,763 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $263,443
- Program service revenue
- $275,111
- Investment income
- $1,055
- Net income from fundraising events
- $124,086
- Other revenue
- $124,086
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $62,654
- Other salaries and wages
- $191,668
- Salaries, compensation and benefits (total)
- $286,199
- Professional fundraising fees
- $0
- Accounting fees
- $8,725
- Occupancy
- $36,568
- Travel
- $772
- Depreciation
- $37,875
- Program services (functional)
- $561,444
- Management and general (functional)
- $58,750
- Fundraising (functional)
- $22,452
Balance sheet and other
- Total assets, start of year
- $466,071
- Total assets, end of year
- $480,808
- Total liabilities, end of year
- $62,925
- Net assets, end of year
- $417,883
- Land, buildings and equipment
- $224,648
- Net assets without donor restrictions
- $386,651
- Net assets with donor restrictions
- $31,232
- Gross receipts
- $693,379
- Employees
- 26
- Volunteers
- 111
- Year formed
- 1982
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Teresa Fletcher | Executive Director Key employee, Highest-paid employee | 40 | $62,654 |
| Jason Budd | President Trustee or director, Officer | 2.5 | $0 |
| Niels Christensen | Treasurer Trustee or director, Officer | 1.5 | $0 |
| Leigh Ann DiFusco | Secretary Trustee or director, Officer | 1 | $0 |
| Robert Hesser | Director Trustee or director | 1 | $0 |
| Joy Barley | Director Trustee or director | 1 | $0 |
| Tom Forkin | Director Trustee or director | 1 | $0 |
| Jonathan Smith | Director Trustee or director | 1 | $0 |
| Sarah Reed | Director Trustee or director | 1 | $0 |
| Michael Killion | Director Trustee or director | 1 | $0 |
| Kathleen Gleason | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Teresa Fletcher | Executive Director Key employee, Highest-paid employee | 40 | $59,769 |
| Jason Budd | President Trustee or director, Officer | 2.5 | $0 |
| Niels Christensen | Treasurer Trustee or director, Officer | 1.5 | $0 |
| Leigh Ann DiFusco | Secretary Trustee or director, Officer | 1 | $0 |
| Robert Hesser | Director Trustee or director | 1 | $0 |
| Joy Barley | Director Trustee or director | 1 | $0 |
| Tom Forkin | Director Trustee or director | 1 | $0 |
| Jonathan Smith | Director Trustee or director | 1 | $0 |
| Sarah Reed | Director Trustee or director | 1 | $0 |
| Michael Killion | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Teresa Fletcher | Executive Director Key employee, Highest-paid employee | 40 | $54,000 |
| Jason Budd | President Trustee or director, Officer | 2.5 | $0 |
| Niels Christensen | Treasurer Trustee or director, Officer | 1.5 | $0 |
| Leigh Ann DiFusco | Secretary Trustee or director, Officer | 1 | $0 |
| Robert Hesser | Director Trustee or director | 1 | $0 |
| Jessica Ormsby | Director Trustee or director | 1 | $0 |
| Joy Barley | Director Trustee or director | 1 | $0 |
| Tom Forkin | Director Trustee or director | 1 | $0 |
| Jonathan Smith | Director Trustee or director | 1 | $0 |
| Sarah Reed | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 8297 BUSTLETON AVE, PHILADELPHIA, PA 19152-1919
- Principal officer (990 for 2025)
- Teresa Fletcher, 8297 Bustleton Avenue, Philadelphia, PA 19152
- Signed the 990
- Teresa Fletcher, Officer
- Phone
- (215) 742-1500
- Website
- www.pegasusridingacademy.com
- Return prepared by
- Michael Rosen & Company
Mission
Our mission is to provide therapeutic exercise in various forms always emphasizing ability and maintaining an environment of respect and trust for our riders, volunteers and horses.
Program accomplishments
- Pegasus TRA provides equine-assisted activities and therapies to individuals with disabilities, diagnoses, and at-risk populations. Incorporated as a non-profit organization in 1982, the program partners with horses, and their unique three-dimensional swing gate, to promote improved physical strength, emotional well-being, independence, along other key life skills. Pegasus provides therapeutic exercise in various forms, always emphasizing ability maintaining an environment of respect trust for our riders, volunteers, horses. Therapeutic riding has many components, including physical, psychological, recreational, as well as educational. Our facilities include a state-of-the-art indoor riding arena that permits year-round operation. We currently have 16 therapy horses of varied sizes breeds. The program staff consists of two full-time employees nine part-time employees. Pegasus is a PATH Professional Association ofExpenses $448,248
- Pegasus operates an autism program to meet the growing need for services for children diagnosed with autism spectrum disorders. Many in the medical community believe that there is a special connection between horses and children with autism because both interpret the world in pictures. As the bond grows between child and animal, progress such as improved communication, social skills, and behavior become possible in many cases. This program accomodates 12 riders per week.Expenses $79,103
- Other programsExpenses $34,093
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-2241291
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1983
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $480,808
- Income (IRS master file)
- $693,379
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $663,695 | $642,646 | $480,808 | XML |
| 990 | December 2024 | $605,857 | $569,786 | $466,071 | IRS |
| 990 | December 2023 | $587,538 | $486,611 | $398,913 | XML |
| 990 | December 2022 | $452,639 | $491,187 | $313,969 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-2241291).
Questions about PEGASUS THERAPEUTIC RIDING ACADEMY INC
- What is the EIN of PEGASUS THERAPEUTIC RIDING ACADEMY INC?
- The employer identification number (EIN) of PEGASUS THERAPEUTIC RIDING ACADEMY INC is 23-2241291.
- Is PEGASUS THERAPEUTIC RIDING ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to PEGASUS THERAPEUTIC RIDING ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PEGASUS THERAPEUTIC RIDING ACADEMY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PEGASUS THERAPEUTIC RIDING ACADEMY INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PEGASUS THERAPEUTIC RIDING ACADEMY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of PEGASUS THERAPEUTIC RIDING ACADEMY INC?
- The 990 for the year ended December 31, 2025 names Teresa Fletcher.
- Who are the officers and directors of PEGASUS THERAPEUTIC RIDING ACADEMY INC?
- The 990 for the year ended December 31, 2025 lists 11 people; 1 received compensation from the organization, the highest $62,654 (Teresa Fletcher, Executive Director).
- How much revenue does PEGASUS THERAPEUTIC RIDING ACADEMY INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $663,695, expenses of $642,646 and total assets of $480,808 at year end.
Other nonprofits in PHILADELPHIA
- TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA EIN 23-1352685 · last filed 990 for 2025
- THE CHILDRENS HOSPITAL OF PHILADELPHIA EIN 23-1352166 · last filed 990 for 2025
- THOMAS JEFFERSON UNIVERSITY HOSPITAL EIN 23-2829095 · last filed 990 for 2025
- TEMPLE UNIVERSITY HOSPITAL INC EIN 23-2825878 · last filed 990 for 2025
- HEALTH PARTNERS PLANS INC EIN 23-2379751 · last filed 990 for 2024
- TEMPLE UNIVERSITY-OF THE COMMONWEALTH SYSTEM OF HIGHER EDUC EIN 23-1365971 · last filed 990 for 2025
- THOMAS JEFFERSON UNIVERSITY EIN 23-1352651 · last filed 990 for 2025
- DREXEL UNIVERSITY EIN 23-1352630 · last filed 990 for 2025