Nonprofit · EIN 27-2108244
THE PEGASUS PROJECT INC
Tax-exempt · BEN WHEELER, TX 75754
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $573,075 | $461,305 | $111,770 | $1,574,034 | $13,534 | $1,560,500 |
| December 31, 2024 | 990 | $501,762 | $556,938 | -$55,176 | $1,477,846 | $29,116 | $1,448,730 |
| December 31, 2023 | 990 | $1,433,061 | $654,640 | $778,421 | $1,553,863 | $48,086 | $1,505,777 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $487,420
- Program service revenue
- $15,799
- Investment income
- $1,659
- Net gain from sales of assets
- $1,659
- Net income from fundraising events
- $68,197
- Other revenue
- $68,197
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $130,000
- Other salaries and wages
- $57,801
- Salaries, compensation and benefits (total)
- $238,974
- Professional fundraising fees
- $0
- Legal fees
- $534
- Accounting fees
- $4,065
- Occupancy
- $38,493
- Depreciation
- $39,332
- Program services (functional)
- $257,741
- Management and general (functional)
- $203,564
Balance sheet and other
- Total assets, start of year
- $1,477,846
- Total assets, end of year
- $1,574,034
- Total liabilities, end of year
- $13,534
- Net assets, end of year
- $1,560,500
- Land, buildings and equipment
- $336,825
- Net assets without donor restrictions
- $1,560,500
- Gross receipts
- $622,305
- Employees
- 11
- Volunteers
- 40
- Year formed
- 2010
- State of legal domicile
- TX
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 |
|---|---|---|---|
| ALLYSON DECANIO | PRESIDENT/ED Trustee or director, Officer | 70 | $130,000 |
| MIKE DECANIO | VICE PRESIDENT Trustee or director, Officer | 20 | $0 |
| ANNE ELLIS | DIRECTOR Trustee or director | 1 | $0 |
| ERICA MCCRARY | DIRECTOR Trustee or director | 1 | $0 |
| ROSS MATHSON | DIRECTOR Trustee or director | 1 | $0 |
| JAN COOPER | DIRECTOR Trustee or director | 1 | $0 |
| STACEY CRUMBLEY PEHRSON | DIRECTOR Trustee or director | 1 | $0 |
| DON MITCHELL JONES | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALLYSON DECANIO | PRESIDENT/ED Trustee or director, Officer | 70 | $129,800 |
| MIKE DECANIO | VICE PRESIDENT Trustee or director, Officer | 20 | $0 |
| ANNE ELLIS | DIRECTOR Trustee or director | 1 | $0 |
| ERICA MCCRARY | DIRECTOR Trustee or director | 1 | $0 |
| ROSS MATHSON | DIRECTOR Trustee or director | 1 | $0 |
| JAN COOPER | DIRECTOR Trustee or director | 1 | $0 |
| STACEY CRUMBLEY PEHRSON | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALLYSON DECANIO | PRESIDENT/ED Trustee or director, Officer | 70 | $130,000 |
| MIKE DECANIO | VICE PRESIDENT Trustee or director, Officer | 20 | $0 |
| ANNE ELLIS | DIRECTOR Trustee or director | 1 | $0 |
| ERICA MCCRARY | DIRECTOR Trustee or director | 1 | $0 |
| ROSS MATHSON | DIRECTOR Trustee or director | 1 | $0 |
| JAN COOPER | DIRECTOR Trustee or director | 1 | $0 |
| STACEY CRUMBLEY PEHRSON | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 26, BEN WHEELER, TX 75754-0026
- In care of
- % ALLYSON PERKINS
- Principal officer (990 for 2025)
- ALLYSON DECANIO, PO BOX 26, BEN WHEELER, TX 75754
- Signed the 990
- ALLYSON PERKINS DECANIO, PRESIDENT
- Phone
- (903) 995-1020
- Return prepared by
- Allman & Associates Inc
Mission
TO RESCUE, REHABILITATE, RETRAIN, AND RE-HOME NEGLECTED, ABUSED AND ABANDONED HORSES, DONKEYS, AND MULES THROUGH TEXAS AND SURROUNDING STATES.
Program accomplishments
- NEGLECTED HORSES WERE RESCUED, REHABILITATED (PROVIDED CARE, ATTENTION, PROPER NUTRITION, AND MEDICAL CARE), AND RETRAINED. ONCE THE HORSES WERE PREPARED, EFFORTS WERE MADE TOWARD ADOPTION INTO PERMANENT HOMES.Expenses $257,741 · revenue $15,799
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
- 27-2108244
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Animal-related (D20)
- Assets (IRS master file)
- $1,574,034
- Income (IRS master file)
- $622,305
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | – | – | – | IRS |
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $1,433,061 | $654,640 | $1,553,863 | IRS |
| 990 | December 2022 | $451,551 | $574,967 | $797,698 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about THE PEGASUS PROJECT INC
- What is the EIN of THE PEGASUS PROJECT INC?
- The employer identification number (EIN) of THE PEGASUS PROJECT INC is 27-2108244.
- Is THE PEGASUS PROJECT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to THE PEGASUS PROJECT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE PEGASUS PROJECT 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 THE PEGASUS PROJECT 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 THE PEGASUS PROJECT 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 THE PEGASUS PROJECT INC?
- The 990 for the year ended December 31, 2025 names ALLYSON DECANIO.
- Who are the officers and directors of THE PEGASUS PROJECT INC?
- The 990 for the year ended December 31, 2025 lists 8 people; 1 received compensation from the organization, the highest $130,000 (ALLYSON DECANIO, PRESIDENT/ED).
- How much revenue does THE PEGASUS PROJECT INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $573,075, expenses of $461,305 and total assets of $1,574,034 at year end.
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