Houston Polo Club
- Assets
- $678.5k
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 50
- Location
- Houston, TX
- Founding
- 03/2017
- Data as of
- 12/2022
- EIN
- 76-0046253
Organization Overview
Houston Polo Club is located in Houston, TX. The organization was established in 2017. According to its NTEE Classification (N69) the organization is classified as: Equestrian, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Houston Polo Club employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Houston Polo Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Houston Polo Club generated $2.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $2.8m during the year ending 12/2022. While expenses have increased by 3.9% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE HOUSTON POLO CLUB WAS FOUNDED TO PROMOTE THE SPORT, EDUCATE NEW AND EXPERIENCED PLAYERS ABOUT THE RULES AND THEIR EQUINE TEAM MATES, AS WELL AS SERVE THE COMMUNITY AS A CULTURAL ATTRACTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
POLO
BOARDING AND RIDING
MARKETING
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Fridge Board Member | OfficerTrustee | 1 | $0 |
Tim Kelly Board Member | Trustee | 1 | $0 |
Steven S Armour Board Member | Trustee | 1 | $0 |
Fox Benton Board Member | Trustee | 1 | $0 |
Paul Hobby Board Member | Trustee | 1 | $0 |
Nick Stefanakis President | Trustee | 2 | $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 | $254,375 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $254,375 |
| Total Program Service Revenue | $2,583,175 |
| 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 | $2,837,550 |
| 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 | $636,286 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $63,022 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,228 |
| Fees for services: Accounting | $2,885 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $38,549 |
| Office expenses | $9,874 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,567 |
| 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 | $61,735 |
| Insurance | $59,827 |
| All other expenses | $531,056 |
| Total functional expenses | $2,797,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,198 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $126,676 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,174 |
| Prepaid expenses and deferred charges | $26,937 |
| Net Land, buildings, and equipment | $408,229 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,329 |
| Total assets | $678,543 |
| Accounts payable and accrued expenses | $41,008 |
| 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 | $102,570 |
| Total liabilities | $143,578 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $100 |
| Paid-in or capital surplus, or land, building, or equipment fund | $34,000 |
| Retained earnings, endowment, accumulated income, or other funds | $500,865 |
| Total liabilities and net assets/fund balances | $678,543 |