Skip to the page content
Your donations
Passes our checks

Pegasus Media Project

EIN 86-3579065 · Dallas, TX

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood89 out of 100GovernanceGood76 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

Pegasus Media Project envisions a future where the next-generation of artists are the driving forces behind a thriving film and media arts industry. We strive for a narrative landscape where every voice is celebrated underserved artists lead innovate and contribute to an equitable and authentic media environment.

Income
$301,363
Spending
$238,988
Spent on programs
79%
Reserves
7.3 months of spending
Largest source of income
donations and private grants, 52%
Employees
2
Volunteers
80
Highest pay
$55,978, co-founder exec dir

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 89 out of 100. Higher than 70% of charities in its peer group (education, $250k to $1m).

  • Reserves

    28 of 35

    Spendable reserves would cover 7.3 months of spending.

  • Debt

    16 of 20

    It owes 28% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 21% of income.

  • Income trend

    15 of 15

    Income rose 91% on the year before.

  • Spending floor

    15 of 15

    79% of spending went to programs and raising each dollar of donations cost 6 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 76 out of 100. Higher than 61% of charities in its peer group (education, $250k to $1m).

  • Independent board

    25 of 25

    16 of 17 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $41,456 spent. Pegasus Film Festival - Celebrating its 10th year Pegasus Film Festival is the nations largest youth-operated film festival providing a stage for budding young artists from various backgrounds to showcase their talents to a worldwide audience. The festival grows annually boasting its largest student leadership team to date and receiving over 150 film submissions from students globally.
  2. $25,105 spent. Multimedia Apprentice Program - Verified by the Department of Labor this program provides on-the-job training in all production phases with local media professionals. In partnership with industry leaders it offers underserved artists a pathway to success in film and media. Apprentices work on three short films and two nonprofit videos as a cohort. The apprentice class benefits from insights shared by over 40 guest speakers during the program.
  3. $21,451 spent. "Harmonies of Humanity" is an innovative event that unites renowned international artists and launches the inaugural Human Rights Dallas Film Series. This series initiates discussions on global human rights issues commencing with the screening of "Nowhere Left to Go - The Jahalin Bedouin 2012." The presence of the films producer and co-director Angela Godfrey-Goldstein enriches the conversation providing valuable insights into the challenges faced by the Bedouin people and emphasizing the urgency of these global issues.Pegasus Media Projects PMP proudly presents "Harmonies of Humanity," an engaging event focused on fostering dialogue and understanding through the arts. As part of PMPs annual "Exhibition of Visions," this special evening will showcase a compelling mix of film music spoken word and cuisine all aimed at humanizing the Palestinian experience and promoting mutual respect among diverse cultures. EOV acts as a vibrant platform for artistic expression offering exciting opportunities for participants the team and the community to showcase their work. These transformative events encourage artistic development nurture collaborations with visionary artists and experts and stimulate public engagement through meaningful dialogue and community-centered art.
  4. $101,750 spent. Supplies Miscellaneous

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since September 2021.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.