Aiken Polo Club Inc
- Assets
- $155.2k
- Revenue
- $402.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Aiken, SC
- Founding
- 10/1984
- Data as of
- 12/2021
- EIN
- 57-0778833
Organization Overview
Aiken Polo Club Inc is located in Aiken, SC. The organization was established in 1984. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aiken Polo Club Inc 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 12/2021, Aiken Polo Club Inc generated $402.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $494.2k during the year ending 12/2021. While expenses have increased by 2.3% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF THE SPORT OF POLO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB MAINTAINS HISTORIC POLO FIELDS, AND TEACHES, DEMONSTRATES, AND SPONSOR TOURNAMENTS THAT PROMONTE POLO TO GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Max Hempt Director | Officer | 1 | $0 |
Charlie Bostwick President | Officer | 10 | $0 |
Alan Corey III Director | Officer | 1 | $0 |
Charles Hutchinson Director | Officer | 1 | $0 |
Dr Grayson Brown Director | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $30,788 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $80,174 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,962 |
| Total Program Service Revenue | $234,063 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $402,621 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $556 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $77,264 |
| Office expenses | $4,404 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,499 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,074 |
| Insurance | $23,749 |
| All other expenses | $0 |
| Total functional expenses | $494,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,536 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $138,647 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $155,183 |
| Accounts payable and accrued expenses | $0 |
| 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 | $98,298 |
| Total liabilities | $98,298 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $56,885 |
| Total liabilities and net assets/fund balances | $155,183 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Aiken Polo Club Inc has recieved totaling $24,425.
| Awarding Organization | Amount |
|---|---|
United States Polo Association Wellington, FL PURPOSE: CLUB AND MEMBERSHIP DEVELOPMENT | $14,525 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $9,900 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atlanta Track Club Inc Atlanta, GA | $5,449,541 | $8,240,551 |
Southern Region Volleyball Association Roswell, GA | $1,836,202 | $1,671,283 |
Aiken Polo Club Inc Aiken, SC | $155,183 | $402,621 |
Cobb Gymnastic Center Parents Club Inc Marietta, GA | $4,630 | $145,179 |
Durham Striders Youth Association Inc Durham, NC | $127,104 | $0 |
Road Runners Club Of America Suwanee, GA | $71,199 | $0 |