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Nonprofit · EIN 34-1472997

PEGASUS FARM

Tax-exempt · HARTVILLE, OH 44632

Financials

$1.9M$1.6M2023$1.6M$1.7M2024
Revenue Expenses · by fiscal year end
Financials of PEGASUS FARM by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,633,665$1,733,270-$99,605$3,252,553$429,046$2,823,507
December 31, 2023990$1,903,257$1,627,255$276,002$3,348,248$407,500$2,940,748
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$476,094
of which government grants
$21,195
Program service revenue
$847,157
Investment income
$15,227
Net rental income
$15,681
Net gain from sales of assets
-$2,537
Net income from fundraising events
$226,229
Net income from sales of inventory
$52,689
Other revenue
$295,187

Expenses

Grants and similar amounts paid
$32,218
Compensation of officers, directors and key employees
$62,882
Other salaries and wages
$993,108
Salaries, compensation and benefits (total)
$1,170,892
Professional fundraising fees
$0
Occupancy
$63,813
Travel
$22,633
Depreciation
$58,923
Program services (functional)
$1,490,983
Management and general (functional)
$242,287

Balance sheet and other

Total assets, start of year
$3,348,248
Total assets, end of year
$3,252,553
Total liabilities, end of year
$429,046
Net assets, end of year
$2,823,507
Land, buildings and equipment
$160,585
Publicly traded securities
$585,129
Net assets without donor restrictions
$2,267,313
Net assets with donor restrictions
$556,194
Gross receipts
$1,754,460
Employees
103
Volunteers
161
Year formed
1985
State of legal domicile
OH

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
SHELLEY SPRANGEXECUTIVE DI
Officer
40$62,882
LAURA FRYANPRESIDENT
Trustee or director, Officer
8$0
JAMES JENKINSTREASURER
Trustee or director, Officer
8$0
GARRETT BROWNVICE PRESIDE
Trustee or director, Officer
8$0
EILEEN WILESECRETARY
Trustee or director
8$0
DIANNA FAIRCLOUGHTRUSTEE
Trustee or director
6$0
NANCY ECKINGERTRUSTEE
Trustee or director
6$0
DANIEL BOYERTRUSTEE
Trustee or director
6$0
ANGELA CLAYPOOLTRUSTEE
Trustee or director
6$0
KAYLA BURDETTTRUSTEE
Trustee or director
6$0
DAN LOWMILLERTRUSTEE
Trustee or director
6$0
MARK TREWTRUSTEE
Trustee or director
6$0
TODD RUGGLESTRUSTEE
Trustee or director
6$0
990 for the year ended December 31, 2023: 14 people
NameTitleHours / weekCompensation
SHELLEY SPRANGEXECUTIVE DI
Officer
40$56,227
LAURA FRYANPRESIDENT
Trustee or director, Officer
8$0
JAMES JENKINSTREASURER
Trustee or director, Officer
8$0
GARRETT BROWNVICE PRESIDE
Trustee or director, Officer
8$0
EILEEN WILESECRETARY
Trustee or director
8$0
DAVID TALENDATRUSTEE
Trustee or director
6$0
DIANNA FAIRCLOUGHTRUSTEE
Trustee or director
6$0
NANCY ECKINGERTRUSTEE
Trustee or director
6$0
DANIEL BOYERTRUSTEE
Trustee or director
6$0
ANGELA CLAYPOOLTRUSTEE
Trustee or director
6$0
KAYLA BURDETTTRUSTEE
Trustee or director
6$0
JARRED ZAPOLNIKTRUSTEE
Trustee or director
6$0
DAN LOWMILLERTRUSTEE
Trustee or director
6$0
MARK TREWTRUSTEE
Trustee or director
6$0

Address and contacts

Address (IRS master file)
7490 EDISON ST NE, HARTVILLE, OH 44632-9328
Principal officer (990 for 2024)
SHELLEY SPRANG, 7490 EDISON ST NE, HARTVILLE, OH 44632
Signed the 990
SHELLEY SPRANG, EXECUTIVE DIRECTOR
Phone
(330) 935-2300
Return prepared by
THE PHILLIPS ORGANIZATION

Mission

THE MISSION OF PEGASUS FARM IS TO CREATE A COMMUNITY THAT HOLISTICALLY SUPPORTS AND EMPOWERS PEOPLE WITH DIVERSE NEEDS THROUGH THERAPEUTIC EQUESTRIAN PROGRAMS, VOCATIONAL SERVICES, AND RECREATIONAL AND SOCIAL ACTIVITIES.

990 for the year ended December 31, 2024

Program accomplishments

  • PEGASUS FARM SERVES OVER 500 INDIVIDUALS WITH DISABILITIES ANNUALLY. OUR PROGRAM PARTICIPANTS RANGE IN AGE FROM 3 YEARS TO 75 YEARS, WITH THE MAJORITY BEING BETWEEN THE AGES OF 4 AND 20. THESE INDIVIDUALS MAY HAVE EMOTIONAL, BEHAVIORAL, COGNITIVE, DEVELOPMENTAL OR PHYSICAL DISABILITIES OR A COMBINATION OF THESE CONDITIONS. PEGASUS FARM IS DEDICATED TO THE IDEA THAT EQUINE ASSISTED ACTIVITIES PROVIDE EXCEPTIONAL PHYSICAL AND PSYCHOLOGICAL BENEFITS, CHALLENGING PARTICIPANTS WITH DISABILITIES TO POSITIVELY LEARN AND GROW IN WAYS THEY MAY NOT EXPERIENCE IN DAY-TO-DAY LIFE. THE FARM IS ONE OF FOUR THERAPEUTIC EQUESTRIAN CENTERS IN NORTHEAST OHIO THAT ARE CERTIFIED AS A PREMIER CENTER BY THE PROFESSIONAL ASSOCIATION OF THERAPEUTIC HORSEMANSHIP, INTERNATIONAL (PATH). WE ARE CURRENTLY SERVING INDIVIDUALS FROM EIGHT DIFFERENT COUNTIES.
    Expenses $1,490,983 · grants $32,218 · revenue $847,157

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
34-1472997
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
1986
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,252,553
Income (IRS master file)
$1,754,460

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,633,665$1,733,270$3,252,553XML
990December 2023$1,903,257$1,627,255$3,348,248XML
990December 2022$1,331,569$1,487,738$2,869,395IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 34-1472997).

Questions about PEGASUS FARM

What is the EIN of PEGASUS FARM?
The employer identification number (EIN) of PEGASUS FARM is 34-1472997.
Is PEGASUS FARM tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
Are donations to PEGASUS FARM tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PEGASUS FARM 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 FARM due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PEGASUS FARM last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of PEGASUS FARM?
The 990 for the year ended December 31, 2024 names SHELLEY SPRANG.
Who are the officers and directors of PEGASUS FARM?
The 990 for the year ended December 31, 2024 lists 13 people; 1 received compensation from the organization, the highest $62,882 (SHELLEY SPRANG, EXECUTIVE DI).
How much revenue does PEGASUS FARM have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,633,665, expenses of $1,733,270 and total assets of $3,252,553 at year end.

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