Santa Barbara Polo And Racquet Club Management Company Inc
- Assets
- $1.6m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 52
- Location
- Carpinteria, CA
- Founding
- 11/1986
- Data as of
- 10/2020
- EIN
- 95-2771762
Organization Overview
Santa Barbara Polo And Racquet Club Management Company Inc is located in Carpinteria, CA. The organization was established in 1986. 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 10/2020, Santa Barbara Polo And Racquet Club Management Company Inc employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Santa Barbara Polo And Racquet Club Management Company Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2020, Santa Barbara Polo And Racquet Club Management Company Inc generated $3.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $3.8m during the year ending 10/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL CLUB , PROMOTION OF THE SPORT OF POLO AND OTHER RECREATIONAL ACTIVITIES FOR THE BENEFIT OF MEMBERS AND THEIR GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE POLO AND STABLING, TENNIS, SWIMMING AND SOCIAL CLUBHOUSE FOR THE BENEFIT OF MEMBERS AND THEIR GUEST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David B Sigman General Manager/secretary | 40 | $157,615 | |
Melanja K Jones Polo Manager | 40 | $144,712 | |
John Muse President | OfficerTrustee | 5 | $0 |
Rhys Williams Vice President | OfficerTrustee | 5 | $0 |
Michelle Neely Saltoun Treasurer | OfficerTrustee | 5 | $0 |
Dan Walker Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Triple Notion Llc Polo Management | 10/30/16 | $129,560 |
Seasons Catering Catering | 10/30/16 | $102,469 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $1,419 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,637 |
| 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 | -$37,929 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,514,469 |
| Statement of Expenses | |
|---|---|
| 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. | $157,615 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,053,925 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $155,008 |
| Payroll taxes | $107,982 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $65,137 |
| 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 | $79,056 |
| Insurance | $109,985 |
| All other expenses | $0 |
| Total functional expenses | $3,755,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $397,484 |
| Savings and temporary cash investments | $545,276 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,675 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $54,282 |
| Prepaid expenses and deferred charges | $38,650 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,621,932 |
| Accounts payable and accrued expenses | $196,281 |
| 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 | $56,033 |
| Other liabilities | $101,088 |
| Total liabilities | $353,402 |
| 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 |
| Total liabilities and net assets/fund balances | $1,268,530 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Santa Barbara Polo And Racquet Club Management Company Inc has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
United States Polo Association Wellington, FL PURPOSE: CLUB AND MEMBERSHIP DEVELOPMENT | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brentwood Country Club Los Angeles Los Angeles, CA | $23,132,093 | $17,679,018 |
Waialae Country Club Honolulu, HI | $40,629,667 | $20,651,940 |
Track Town Usa Inc Eugene, OR | $22,816,196 | $29,424,138 |
Eldorado Country Club Indian Wells, CA | $45,757,738 | $18,170,181 |
Paradise Valley Country Club Inc Paradise Valley, AZ | $41,632,521 | $18,336,957 |
Sharon Heights Golf & Country Club Menlo Park, CA | $51,835,070 | $19,221,394 |
Rolling Hills Country Club Rolling Hills Estates, CA | $71,103,768 | $16,906,847 |
Diablo Country Club Diablo, CA | $28,795,018 | $17,234,644 |
Ironwood Country Club Palm Desert, CA | $36,309,619 | $13,754,726 |
Los Altos Golf & Country Club Los Altos, CA | $30,864,685 | $15,701,239 |
Claremont Country Club Oakland, CA | $32,521,867 | $15,512,670 |
St Francis Yacht Club San Francisco, CA | $21,989,998 | $14,152,861 |