Polo Historical Society
- Assets
- $249.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Polo, IL
- Founding
- 07/1984
- Data as of
- 12/2020
- EIN
- 36-0022483
Organization Overview
Polo Historical Society is located in Polo, IL. The organization was established in 1984. According to its NTEE Classification (N69) the organization is classified as: Equestrian, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Polo Historical Society is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Polo Historical Society generated $23.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $11.8k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (18.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
LOCAL HISTORICAL PRESERVATION AND EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Faivre President | 1 | $0 | |
Kenneth Obendor Director | 1 | $0 | |
Robert Heath Director | 1 | $0 | |
Donna Peugh Nka Humphreys Secretary | 1 | $0 | |
Edward Olsen Director | 1 | $0 | |
Ted Boddiger Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,996 |
| Total Program Service Revenue | $0 |
| Membership dues | $2,000 |
| Investment income | $225 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $23,594 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $7,259 |
| Printing, publications, postage, and shipping | $55 |
| Other expenses | $4,439 |
| Total expenses | $11,753 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $249,176 |
| Other assets | $0 |
| Total assets | $249,176 |
| Total liabilities | $0 |
| Net assets or fund balances | $249,176 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Polo Historical Society has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Casler Foundation Prior Lake, MN PURPOSE: EDUCATIONAL | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Dressage Federation Inc Lexington, KY | $12,280,287 | $5,729,896 |
National Horse Show Association Of America Ltd Lexington, KY | $1,577,659 | $2,858,029 |
Trinity Equestrian Center Kids Kamp Inc Eau Claire, WI | $520,344 | $2,050,754 |
Kentucky Horse Park Foundation Inc Lexington, KY | $11,891,530 | $2,119,028 |
Equestrian Events Inc Lexington, KY | $1,466,435 | $412,033 |
Kentucky Horsemans Benevolent And Protective Association Inc Louisville, KY | $2,025,353 | $1,522,291 |
Fort Madison Rodeo Corporation Fort Madison, IA | $1,926,637 | $1,322,191 |
United Professional Horsemens Foundation Lexington, KY | $2,711,001 | $1,019,249 |
Friesian Horse Association Of Kentucky Lexington, KY | $441,903 | $699,517 |
Usa Equestrian Trust Inc Lexington, KY | $5,462,054 | $322,842 |
The Missouri Quarter Horse Assn Cape Girardeau, MO | $199,114 | $484,150 |
Iowa Quarter Horse Association Delta, IA | $566,832 | $581,039 |