Detroit Polo Club
- Assets
- $47.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brighton, MI
- Founding
- 10/2018
- Data as of
- 12/2022
- EIN
- 82-3633875
Organization Overview
Detroit Polo Club is located in Brighton, MI. The organization was established in 2018. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Detroit 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, Detroit Polo Club generated $123.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $122.2k during the year ending 12/2022. While expenses have increased by 16.9% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
FRATERNAL ORGANIZATION INTENDED TO TEACH, PLAY AND PROMOTE THE SPORT OF POLO IN THE SOUTHEAST MICHIGAN AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Penzien President | 5 | $0 | |
Doug Fairbanks Vice President | 5 | $0 | |
Lynn Melucci Treasurer | 5 | $0 | |
Erin Paulson Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,925 |
| Total Program Service Revenue | $46,350 |
| Membership dues | $38,000 |
| Investment income | $20 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $123,295 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $90,444 |
| Occupancy, rent, utilities, and maintenance | $2,461 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $29,282 |
| Total expenses | $122,187 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $47,011 |
| Other assets | $0 |
| Total assets | $47,011 |
| Total liabilities | $0 |
| Net assets or fund balances | $47,011 |