Polo Training Foundation
- Assets
- $7.6m
- Revenue
- $665.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Loxahatchee Groves, FL
- Founding
- 06/1967
- Data as of
- 06/2024
- EIN
- 36-2605713
Organization Overview
Polo Training Foundation is located in Loxahatchee Groves, FL. The organization was established in 1967. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 06/2024, Polo Training Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Polo Training Foundation 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 06/2024, Polo Training Foundation generated $665.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $569.4k during the year ending 06/2024. While expenses have increased by 1.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE POLO TRAINING FOUNDATION'S PURPOSE IS TO ESTABLISH AND ADMINISTER A SERIES OF FUNDS, INCLUDING MEMORIAL, ADVISORY, INTERNATIONAL, ENDOWMENT, INTERCOLLEGIATE/ INTERSCHOLASTIC, AND OTHERS. THESE FUNDS ARE DEDICATED TO SUPPORT POLO IN COLLEGIATE OR SCHOLASTIC SPORTS CURRICULUMS, PROMOTE INTERNATIONAL GOODWILL THROUGH POLO COMPETITION, AND ABOVE ALL, ENCOURAGE DEVELOPMENT AND SPORTSMANSHIP THROUGH TEACHING YOUNG PEOPLE THE PRINCIPLES OF THE GAME OF POLO. SINCE 1967, THE POLO TRAINING FOUNDATION HAS BEEN COMMITTED TO EXCELLENCE IN THE GREAT SPORT OF POLO. THE PTF SUPPORTS POLO TRAINING AT ALL LEVELS BY PROVIDING FUNDS FOR THE DEVELOPMENT OF CURRENT AND FUTURE GENERATIONS OF PLAYERS AND UMPIRES. THROUGH ITS ACTIVITIES, THE PTF SEEKS TO ENCOURAGE THE HIGHEST STANDARDS OF SPORTSMANSHIP AND TO PROMOTE INTERNATIONAL GOOD WILL THROUGH POLO COMPETITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH CLINICS - PLAYING POLO IS A CONFIDENCE BUILDER FOR BOTH HORSE AND RIDER. ANY BREED OF HORSE ALONG WITH ANY AGE OF RIDER CAN HAVE A GREAT TIME WITH POLO. POLO IS A FANTASTIC TEAM SPORT, WHICH CAN MAKE IT A FUN FAMILY ACTIVITY. AT THE HIGHER LEVELS IT IS AN EXHILARATING AND FAST-PACED SPORT.THE CLINIC GOAL IS TO HELP STUDENTS UNDERSTAND THE CONCEPTS, RULES, AND PRINCIPLES OF POLO. TO ACCOMPLISH THIS GOAL, PARTICIPANTS WILL RECEIVE INSTRUCTION THROUGH VIDEOS, DISCUSSION AND HANDS-ON LEARNING.THE PARTICIPANTS WILL:VIEW A USPA BLUE BOOK VIDEO GUIDE WHILE WILBUR EXPLAINS THE RULES OF THE GAME. IDENTIFY AND DEMONSTRATE THE FOUR BASIC MALLET STROKES. UNDERSTAND THE LINE OF THE BALL (LOB) AND THE RIGHT OF WAY LEARN THE CONCEPT OF THE MAN, LINE, BALL THEORY AND BEGINNING STRATEGY FOR POLO. PRACTICE THESE CONCEPTS WITH THE USE OF FOOT MALLETS WHILE UNMOUNTED. LEARN THE PROPER WAY TO PREPARE AND PROTECT YOUR HORSE FOR THE GAME AND HOW TO INTRODUCE YOUR HORSE TO MALLETS AND BALLS. LEARN SKILLS WHILE MOUNTED, PROGRESSING TO COACHED SCRIMMAGE GAMES. DISCUSS PLANS FOR THE CREATION OF A POLO CLUB OR INTERSCHOLASTIC/INTERCOLLEGIATE CLUB IF DESIRED. ADULT CLINICS - THE PTF WILL PAY HALF THE COST OF A PLAYER'S CLINIC CONDUCTED AT ANY USPA MEMBER CLUB, UP TO A MAXIMUM REIMBURSEMENT OF $1,000 TO THAT CLUB. THESE ARE GENERALLY THREE DAY CLINICS HELD OVER A WEEKEND BUT CAN BE OF LONGER DURATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony L Coppola President | OfficerTrustee | 5 | $0 |
Melissa P Ganzi Chairman | OfficerTrustee | 5 | $0 |
Joseph W Kozlik Treasurer | OfficerTrustee | 1 | $0 |
Thomas A Sikes Director | Trustee | 0.5 | $0 |
Gillian Johnston Vice President | OfficerTrustee | 1 | $0 |
Lyn Jason Cobb Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $405,234 |
| Noncash contributions included in lines 1a–1f | $61,933 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $405,234 |
| Total Program Service Revenue | $28,849 |
| Investment income | $85,715 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,967 |
| Net Gain/Loss on Asset Sales | $109,641 |
| Net Income from Fundraising Events | $9,293 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $665,258 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $117,015 |
| Compensation of current officers, directors, key employees. | $23,403 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,445 |
| Pension plan accruals and contributions | $3,255 |
| Other employee benefits | $25,463 |
| Payroll taxes | $10,746 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,594 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $44,038 |
| Fees for services: Other | $4,348 |
| Advertising and promotion | $0 |
| Office expenses | $11,954 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,696 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,456 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,172 |
| All other expenses | $0 |
| Total functional expenses | $569,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,880 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,614 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $229,259 |
| Investments—publicly traded securities | $7,149,261 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,809 |
| Total assets | $7,621,823 |
| Accounts payable and accrued expenses | $4,211 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,211 |
| Net assets without donor restrictions | $1,619,261 |
| Net assets with donor restrictions | $5,998,351 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,621,823 |