Nonprofit · EIN 75-1721049
PEGASUS FOUNDATION
Also known as CULTURE
Tax-exempt · DALLAS, TX 75204
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $502,542 | $1,246,270 | -$743,728 | $16,238,567 | $6,024,708 | $10,213,859 |
| December 31, 2023 | 990 | $326,171 | $554,469 | -$228,298 | $15,681,195 | $6,050,060 | $9,631,135 |
| August 31, 2023 | 990 | $799,852 | $1,637,879 | -$838,027 | $9,711,810 | $60,012 | $9,651,798 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $145,108
- Program service revenue
- $24,067
- Investment income
- $296,346
- Net rental income
- $34,577
- Other revenue
- $37,021
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $164,536
- Other salaries and wages
- $304,785
- Salaries, compensation and benefits (total)
- $527,546
- Professional fundraising fees
- $0
- Legal fees
- $22,162
- Accounting fees
- $53,448
- Occupancy
- $108,488
- Travel
- $11,682
- Depreciation
- $10,428
- Program services (functional)
- $785,896
- Management and general (functional)
- $296,635
- Fundraising (functional)
- $163,739
Balance sheet and other
- Total assets, start of year
- $15,681,195
- Total assets, end of year
- $16,238,567
- Total liabilities, end of year
- $6,024,708
- Net assets, end of year
- $10,213,859
- Land, buildings and equipment
- $15,565
- Publicly traded securities
- $12,084,360
- Net assets without donor restrictions
- $5,742,550
- Net assets with donor restrictions
- $4,471,309
- Gross receipts
- $502,542
- Employees
- 6
- Volunteers
- 25
- Year formed
- 1980
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR SEEMEE A MCSHANE | President Trustee or director, Officer | 50 | $150,000 | $14,536 |
| KATE MARTIN | VP-ADVANCEMENT | 40 | $105,769 | $1,120 |
| KATE JUETT | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| JUSTIN MOORE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ZHEN BARRIENTOS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DEEDIE ROSE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL GRACE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| Stacy Anderson | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CASEY WOODS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MATRICE ELLIS-KIRK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRIAN DIGGS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOSEPH R MANNES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| NANCY CAIN ROBERTSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| WESLEY NUTE JR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LARRY FERGUSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BETTY REGARD | BOARD MEMBER Trustee or director | 1 | $0 |
| Kalita Beck Blessing | BOARD MEMBER Trustee or director | 1 | $0 |
| GAIL THOMAS | LIFE MEMBER Trustee or director | 1 | $0 |
| Walter Elcock | Treasurer Trustee or director, Officer | 1 | $0 |
| Don Glendenning | Chairman Trustee or director, Officer | 1 | $0 |
| NICOLE PAQUETTE | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 27 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATE MARTIN | VP-ADVANCEMENT | 40 | $163,846 |
| DR SEEMEE A MCSHANE | President Trustee or director, Officer | 50 | $147,115 |
| KATE JUETT | Secretary Trustee or director, Officer | 1 | $0 |
| JUSTIN MOORE | BOARD MEMBER Trustee or director | 1 | $0 |
| ZHEN BARRIENTOS | BOARD MEMBER Trustee or director | 1 | $0 |
| DEEDIE ROSE | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHAEL GRACE | BOARD MEMBER Trustee or director | 1 | $0 |
| Stacy Anderson | BOARD MEMBER Trustee or director | 1 | $0 |
| rex cumming | BOARD MEMBER Trustee or director | 1 | $0 |
| CASEY WOODS | BOARD MEMBER Trustee or director | 1 | $0 |
| MATRICE ELLIS-KIRK | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVID GRIFFIN | BOARD MEMBER Trustee or director | 1 | $0 |
| BRIAN WILSON | BOARD MEMBER Trustee or director | 1 | $0 |
| BRIAN DIGGS | BOARD MEMBER Trustee or director | 1 | $0 |
| RAPHAEL MCINTYRE | BOARD MEMBER Trustee or director | 1 | $0 |
| JOSEPH R MANNES | BOARD MEMBER Trustee or director | 1 | $0 |
| NANCY CAIN ROBERTSON | BOARD MEMBER Trustee or director | 1 | $0 |
| WESLEY NUTE JR | BOARD MEMBER Trustee or director | 1 | $0 |
| LARRY FERGUSON | BOARD MEMBER Trustee or director | 1 | $0 |
| BETTY REGARD | BOARD MEMBER Trustee or director | 1 | $0 |
| Kalita Beck Blessing | BOARD MEMBER Trustee or director | 1 | $0 |
| LEKHA SINGH | BOARD MEMBER Trustee or director | 1 | $0 |
| GAIL THOMAS | LIFE MEMBER Trustee or director | 1 | $0 |
| Walter Elcock | Chairman Trustee or director, Officer | 1 | $0 |
| Don Glendenning | Vice CHAIRMAN Trustee or director, Officer | 1 | $0 |
| Gordon Phillips | Treasurer Trustee or director, Officer | 1 | $0 |
| NICOLE PAQUETTE | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended August 31, 2023: 28 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR SEEMEE A MCSHANE | President Trustee or director, Officer | 50 | $200,000 |
| MICHAEL MCSHANE | DIR-PUBLIC HUM | 40 | $170,000 |
| FRANCIS BARRON | DIR-DEV & OPS | 40 | $103,333 |
| KATE JUETT | Secretary Trustee or director, Officer | 1 | $0 |
| JUSTIN MOORE | BOARD MEMBER Trustee or director | 1 | $0 |
| ZHEN BARRIENTOS | BOARD MEMBER Trustee or director | 1 | $0 |
| DEEDIE ROSE | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHAEL GRACE | BOARD MEMBER Trustee or director | 1 | $0 |
| Stacy Anderson | BOARD MEMBER Trustee or director | 1 | $0 |
| rex cumming | BOARD MEMBER Trustee or director | 1 | $0 |
| CASEY WOODS | BOARD MEMBER Trustee or director | 1 | $0 |
| MATRICE ELLIS-KIRK | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVID GRIFFIN | BOARD MEMBER Trustee or director | 1 | $0 |
| BRIAN WILSON | BOARD MEMBER Trustee or director | 1 | $0 |
| BRIAN DIGGS | BOARD MEMBER Trustee or director | 1 | $0 |
| RAPHAEL MCINTYRE | BOARD MEMBER Trustee or director | 1 | $0 |
| JOSEPH R MANNES | BOARD MEMBER Trustee or director | 1 | $0 |
| NANCY CAIN ROBERTSON | BOARD MEMBER Trustee or director | 1 | $0 |
| WESLEY NUTE JR | BOARD MEMBER Trustee or director | 1 | $0 |
| LARRY FERGUSON | BOARD MEMBER Trustee or director | 1 | $0 |
| BETTY REGARD | BOARD MEMBER Trustee or director | 1 | $0 |
| Kalita Beck Blessing | BOARD MEMBER Trustee or director | 1 | $0 |
| LEKHA SINGH | BOARD MEMBER Trustee or director | 1 | $0 |
| GAIL THOMAS | LIFE MEMBER Trustee or director | 1 | $0 |
| Walter Elcock | Chairman Trustee or director, Officer | 1 | $0 |
| Don Glendenning | Vice CHAIRMAN Trustee or director, Officer | 1 | $0 |
| Gordon Phillips | Treasurer Trustee or director, Officer | 1 | $0 |
| NICOLE PAQUETTE | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2807 ALLEN ST 814, DALLAS, TX 75204-1031
- In care of
- % PAM MUELLER
- Principal officer (990 for 2024)
- DR SEEMEE A MCSHANE, 2807 ALLEN ST 814, DALLAS, TX 75204
- Signed the 990
- DR SEEMEE A MCSHANE, President
- Phone
- (214) 871-2440
- Website
- WWW.DALLASINSTITUTE.ORG
- Return prepared by
- Sutton Frost Cary LLP
Mission
THE DALLAS INSTITUTE OF HUMANITIES AND CULTURE IS A NONPROFIT EDUCATIONAL ORGANIZATION WHOSE PURPOSE IS TO ENRICH AND DEEPEN THE PRACTICAL LIFE OF THE CITY WITH THE WISDOM AND IMAGINATION OF THE HUMANITIES. THE INSTITUTE ACCOMPLISHES ITS MISSION THROUGH EVENTS, CONFERENCES, AND GENERAL COURSES OF STUDY FOR OUR COMMUNITY, THROUGH PROFESSIONAL PROGRAMS FOR EDUCATORS, AND THROUGH PUBLICATIONS.
Program accomplishments
- Sue Rose Summer Institute The immediate purpose of the Sue Rose program is to honor and to rejuvenate teachers, who are significantly undervalued relative to the sacred trust placed in them by our society. Our goal is to engage, renew and nourish the love of learning for its own sake. An important indirect purpose of the program is to benefit the students of the teachers who participate and thereby to enrich the future of our society. Educators of all disciplines as well as administrators are offered a transformative experience of liberal learning through major classics of world cultures during the Summer Institute.Expenses $403,199
- General Studies: Classes, groups, and events for diverse audiences, enriching the lives of participants through the study of humanities.Expenses $320,933 · revenue $24,067
- Publications: The Organization publishes books and monographs that bring the disciplines of the imagination depth psychology, literary criticism, art, architecture, cultural criticism to focus on the resuscitation of culture.Expenses $60,192
- MLK Symposium: Program held in January to explore Martin Luther King, Jr.s achievements and legacy.Expenses $1,499
- Cowan Center for Education: Year-round classes, conferences, and special events to strengthen educators and encourage retention in the field. Educators of all disciplines as well as administrators are offered a transformative experience of liberal learning through major classics of world cultures during the Sue Rose Summer Institutes.Expenses $73
- Hiett Prize Event: Among the nations largest awards in the Humanities, the $50,000 Hiett Prize is awarded to a young person in the early stages of a career in the humanities whose work shows great promise.
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 | Not 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
- 75-1721049
- 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
- 1980
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $16,238,567
- Income (IRS master file)
- $502,542
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $502,542 | $1,246,270 | $16,238,567 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $326,171 | $554,469 | $15,681,195 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | August 2023 | $799,852 | $1,637,879 | $9,711,810 | XML |
| 990-T | August 2023 | – | – | – | IRS |
| 990 | August 2022 | $957,853 | $1,629,107 | $10,316,231 | IRS |
| 990-T | August 2022 | – | – | – | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990-T | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | IRS |
| 990 | August 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 75-1721049).
Questions about PEGASUS FOUNDATION
- What is the EIN of PEGASUS FOUNDATION?
- The employer identification number (EIN) of PEGASUS FOUNDATION is 75-1721049.
- Is PEGASUS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
- Are donations to PEGASUS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PEGASUS FOUNDATION 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 FOUNDATION 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 FOUNDATION 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 FOUNDATION?
- The 990 for the year ended December 31, 2024 names DR SEEMEE A MCSHANE.
- Who are the officers and directors of PEGASUS FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 21 people; 2 received compensation from the organization, the highest $150,000 (DR SEEMEE A MCSHANE, President).
- How much revenue does PEGASUS FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $502,542, expenses of $1,246,270 and total assets of $16,238,567 at year end.
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