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Nonprofit · EIN 75-1721049

PEGASUS FOUNDATION

Also known as CULTURE

Tax-exempt · DALLAS, TX 75204

Financials

$800K$1.6M2022$326K$554K2023$503K$1.2M2024
Revenue Expenses · by fiscal year end
Financials of PEGASUS FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$502,542$1,246,270-$743,728$16,238,567$6,024,708$10,213,859
December 31, 2023990$326,171$554,469-$228,298$15,681,195$6,050,060$9,631,135
August 31, 2023990$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.

NameTitleHours / weekCompensationOther / benefits
DR SEEMEE A MCSHANEPresident
Trustee or director, Officer
50$150,000$14,536
KATE MARTINVP-ADVANCEMENT40$105,769$1,120
KATE JUETTSecretary
Trustee or director, Officer
1$0$0
JUSTIN MOOREBOARD MEMBER
Trustee or director
1$0$0
ZHEN BARRIENTOSBOARD MEMBER
Trustee or director
1$0$0
DEEDIE ROSEBOARD MEMBER
Trustee or director
1$0$0
MICHAEL GRACEBOARD MEMBER
Trustee or director
1$0$0
Stacy AndersonBOARD MEMBER
Trustee or director
1$0$0
CASEY WOODSBOARD MEMBER
Trustee or director
1$0$0
MATRICE ELLIS-KIRKBOARD MEMBER
Trustee or director
1$0$0
BRIAN DIGGSBOARD MEMBER
Trustee or director
1$0$0
JOSEPH R MANNESBOARD MEMBER
Trustee or director
1$0$0
NANCY CAIN ROBERTSONBOARD MEMBER
Trustee or director
1$0$0
WESLEY NUTE JRBOARD MEMBER
Trustee or director
1$0$0
LARRY FERGUSONBOARD MEMBER
Trustee or director
1$0$0
6 more people on this return
NameTitleHours / weekCompensation
BETTY REGARDBOARD MEMBER
Trustee or director
1$0
Kalita Beck BlessingBOARD MEMBER
Trustee or director
1$0
GAIL THOMASLIFE MEMBER
Trustee or director
1$0
Walter ElcockTreasurer
Trustee or director, Officer
1$0
Don GlendenningChairman
Trustee or director, Officer
1$0
NICOLE PAQUETTEBOARD MEMBER
Trustee or director
1$0
990 for the year ended December 31, 2023: 27 people
NameTitleHours / weekCompensation
KATE MARTINVP-ADVANCEMENT40$163,846
DR SEEMEE A MCSHANEPresident
Trustee or director, Officer
50$147,115
KATE JUETTSecretary
Trustee or director, Officer
1$0
JUSTIN MOOREBOARD MEMBER
Trustee or director
1$0
ZHEN BARRIENTOSBOARD MEMBER
Trustee or director
1$0
DEEDIE ROSEBOARD MEMBER
Trustee or director
1$0
MICHAEL GRACEBOARD MEMBER
Trustee or director
1$0
Stacy AndersonBOARD MEMBER
Trustee or director
1$0
rex cummingBOARD MEMBER
Trustee or director
1$0
CASEY WOODSBOARD MEMBER
Trustee or director
1$0
MATRICE ELLIS-KIRKBOARD MEMBER
Trustee or director
1$0
DAVID GRIFFINBOARD MEMBER
Trustee or director
1$0
BRIAN WILSONBOARD MEMBER
Trustee or director
1$0
BRIAN DIGGSBOARD MEMBER
Trustee or director
1$0
RAPHAEL MCINTYREBOARD MEMBER
Trustee or director
1$0
JOSEPH R MANNESBOARD MEMBER
Trustee or director
1$0
NANCY CAIN ROBERTSONBOARD MEMBER
Trustee or director
1$0
WESLEY NUTE JRBOARD MEMBER
Trustee or director
1$0
LARRY FERGUSONBOARD MEMBER
Trustee or director
1$0
BETTY REGARDBOARD MEMBER
Trustee or director
1$0
Kalita Beck BlessingBOARD MEMBER
Trustee or director
1$0
LEKHA SINGHBOARD MEMBER
Trustee or director
1$0
GAIL THOMASLIFE MEMBER
Trustee or director
1$0
Walter ElcockChairman
Trustee or director, Officer
1$0
Don GlendenningVice CHAIRMAN
Trustee or director, Officer
1$0
Gordon PhillipsTreasurer
Trustee or director, Officer
1$0
NICOLE PAQUETTEBOARD MEMBER
Trustee or director
1$0
990 for the year ended August 31, 2023: 28 people
NameTitleHours / weekCompensation
DR SEEMEE A MCSHANEPresident
Trustee or director, Officer
50$200,000
MICHAEL MCSHANEDIR-PUBLIC HUM40$170,000
FRANCIS BARRONDIR-DEV & OPS40$103,333
KATE JUETTSecretary
Trustee or director, Officer
1$0
JUSTIN MOOREBOARD MEMBER
Trustee or director
1$0
ZHEN BARRIENTOSBOARD MEMBER
Trustee or director
1$0
DEEDIE ROSEBOARD MEMBER
Trustee or director
1$0
MICHAEL GRACEBOARD MEMBER
Trustee or director
1$0
Stacy AndersonBOARD MEMBER
Trustee or director
1$0
rex cummingBOARD MEMBER
Trustee or director
1$0
CASEY WOODSBOARD MEMBER
Trustee or director
1$0
MATRICE ELLIS-KIRKBOARD MEMBER
Trustee or director
1$0
DAVID GRIFFINBOARD MEMBER
Trustee or director
1$0
BRIAN WILSONBOARD MEMBER
Trustee or director
1$0
BRIAN DIGGSBOARD MEMBER
Trustee or director
1$0
RAPHAEL MCINTYREBOARD MEMBER
Trustee or director
1$0
JOSEPH R MANNESBOARD MEMBER
Trustee or director
1$0
NANCY CAIN ROBERTSONBOARD MEMBER
Trustee or director
1$0
WESLEY NUTE JRBOARD MEMBER
Trustee or director
1$0
LARRY FERGUSONBOARD MEMBER
Trustee or director
1$0
BETTY REGARDBOARD MEMBER
Trustee or director
1$0
Kalita Beck BlessingBOARD MEMBER
Trustee or director
1$0
LEKHA SINGHBOARD MEMBER
Trustee or director
1$0
GAIL THOMASLIFE MEMBER
Trustee or director
1$0
Walter ElcockChairman
Trustee or director, Officer
1$0
Don GlendenningVice CHAIRMAN
Trustee or director, Officer
1$0
Gordon PhillipsTreasurer
Trustee or director, Officer
1$0
NICOLE PAQUETTEBOARD 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
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.

990 for the year ended December 31, 2024

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 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
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

FormYear endedRevenueExpensesAssetsReturn
990December 2024$502,542$1,246,270$16,238,567XML
990-TDecember 2024–––IRS
990December 2023$326,171$554,469$15,681,195XML
990-TDecember 2023–––IRS
990August 2023$799,852$1,637,879$9,711,810XML
990-TAugust 2023–––IRS
990August 2022$957,853$1,629,107$10,316,231IRS
990-TAugust 2022–––IRS
990August 2021–––IRS
990-TAugust 2021–––IRS
990August 2020–––IRS
990August 2019–––IRS
990August 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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