Totals
- Total revenue
- $665,258
- Total expenses
- $569,433
- Contributions and grants received
- $405,234
- Grants paid
- $0
- Program service revenue
- $28,849
- Investment income
- $195,356
- Other revenue
- $35,819
- Total assets, end of year
- $7,621,823
- Total liabilities, end of year
- $4,211
- Net assets or fund balances, end of year
- $7,617,612
- Program services expenses (Part IX)
- $381,656
- Management and general expenses
- $124,991
- Fundraising expenses
- $62,786
- Program service expenses (Part III)
- $381,656
Program services were 67.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$405,234
-
1g · Noncash contributions included above
$61,933
-
2a · Program service revenue: PLAYER TRAINING CLINIC
total $28,849 · related or exempt $28,849
-
3 · Investment income
total $85,715 · excluded $85,715
-
6a · Gross rents
real property $81,600
-
6b · Less rental expenses
real property $56,633
-
6c · Rental income or loss
real property $24,967
-
6d · Net rental income or loss
total $24,967 · excluded $24,967
-
7a · Gross sales of assets other than inventory
securities $3,142,948
-
7b · Less cost or other basis and sales expenses
securities $3,033,307
-
7c · Gain or loss
securities $109,641
-
7d · Net gain or loss
total $109,641 · excluded $109,641
-
8a · Fundraising events: gross income
$9,882
-
8b · Fundraising events: direct expenses
$589
-
8c · Net income from fundraising events
total $9,293 · excluded $9,293
-
11a · Other revenue: MISCELLANEOUS INCOME
total $1,559 · excluded $1,559
-
11e · Other revenue, total
$1,559
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $117,015 · program services $46,806 · management and general $23,403 · fundraising $46,806
-
7 · Other salaries and wages
total $23,445 · program services $3,782 · management and general $15,881 · fundraising $3,782
-
8 · Pension plan contributions
total $3,255 · program services $1,302 · management and general $651 · fundraising $1,302
-
9 · Other employee benefits
total $25,463 · program services $25,463
-
10 · Payroll taxes
total $10,746 · program services $3,870 · management and general $3,006 · fundraising $3,870
-
11c · Fees: accounting
total $15,594 · management and general $15,594
-
11f · Fees: investment management
total $44,038 · management and general $44,038
-
11g · Fees: other
total $4,348 · management and general $4,348
-
13 · Office expenses
total $11,954 · management and general $4,928 · fundraising $7,026
-
17 · Travel
total $1,696 · management and general $1,696
-
19 · Conferences, conventions and meetings
total $2,456 · management and general $2,456
-
23 · Insurance
total $11,172 · program services $3,656 · management and general $7,516
-
24a · Other expenses: TRAINING PROGRAMS
total $219,330 · program services $219,330
-
24b · Other expenses: AWARDS
total $55,564 · program services $55,564
-
24c · Other expenses: ADVISORY PROGRAMS
total $21,883 · program services $21,883
-
24d · Other expenses: FOUNDATION EXPENSES
total $1,474 · management and general $1,474
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $250,376 · end of year $199,880
-
2 · Savings and temporary cash investments
beginning of year $5,863,205
-
3 · Pledges and grants receivable
beginning of year $3,000
-
4 · Accounts receivable
beginning of year $36,963 · end of year $30,614
-
10a · Land, buildings and equipment: cost or other basis
$229,259
-
10c · Land, buildings and equipment, net
beginning of year $229,259 · end of year $229,259
-
11 · Investments: publicly traded securities
end of year $7,149,261
-
15 · Other assets
beginning of year $8,675 · end of year $12,809
-
17 · Accounts payable and accrued expenses
beginning of year $8,680 · end of year $4,211
-
27 · Net assets without donor restrictions
beginning of year $1,243,649 · end of year $1,619,261
-
28 · Net assets with donor restrictions
beginning of year $5,139,149 · end of year $5,998,351
Mission and programs · 2023
Mission
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.
-
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.
Expenses $381,656 · Revenue $28,849
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
ANTHONY L COPPOLA
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
MELISSA P GANZI
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
JOSEPH W KOZLIK
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
THOMAS A SIKES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
GILLIAN JOHNSTON
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
LYN JASON COBB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JESSE PRUITT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
CLIFFORD M SIFTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
RAYMOND NOH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
MICHELLE WHITMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JAMES J ZENNI JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
LEIGHTON JORDAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
KENNETH R MAYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JENNIFER A RODRIGUEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
KARL HILBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
BILL KIRTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
VIRGINIA ORTHWEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
PATRICIA YUNGHANNS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
OLEXA CELINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
REBECCA SCHMEITS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
DAYNA STUECK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JAMES DEANGELIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
BONNIE MAGILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
NIC ROLDAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JENNIFER MCLEAVY
EXECUTIVE DIR
- Total calculated
- $117,015
- From this org
- $113,760
- From related orgs
- $0
- Other
- $3,255
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 30 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202442839349300614
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