Mashomack Polo Inc
- Assets
- $269.3k
- Revenue
- $915.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Millbrook, NY
- Founding
- 04/2019
- Data as of
- 12/2021
- EIN
- 82-3775613
Organization Overview
Mashomack Polo Inc is located in Millbrook, NY. The organization was established in 2019. According to its NTEE Classification (N69) the organization is classified as: Equestrian, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Mashomack Polo Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mashomack Polo Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Mashomack Polo Inc generated $915.5k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. 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
AS SPECIFIED IN THE ENTITY'S CERTIFICATE OF INCORPORATION, IT IS ORGANIZED TO PROVIDE ITS MEMBERS WITH BOARDING, TRAINING AND THE BEST POLO PLAYING EXPERIENCE POSSIBLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING MEMBERS WITH BOARDING, TRAINING, AND THE BEST POLO PLAYING EXPERIENCE POSSIBLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Klopp President | OfficerTrustee | 0.5 | $0 |
Craig Callen Treasurer | OfficerTrustee | 0.5 | $0 |
Nicholas Bienstock Secretary | OfficerTrustee | 0.5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $915,466 |
| 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 | $915,466 |
| 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 | $42,961 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,660 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,967 |
| Office expenses | $1,556 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $149,784 |
| Travel | $3,024 |
| 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 | $14,898 |
| Insurance | $38,784 |
| All other expenses | $238,673 |
| Total functional expenses | $1,014,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,254 |
| 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 | $40,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,486 |
| Net Land, buildings, and equipment | $83,384 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,150 |
| Total assets | $269,274 |
| Accounts payable and accrued expenses | $1,396 |
| 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 | $0 |
| Total liabilities | $1,396 |
| Net assets without donor restrictions | $267,878 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $269,274 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mashomack Polo Inc has recieved totaling $28,000.
| Awarding Organization | Amount |
|---|---|
United States Polo Association Wellington, FL PURPOSE: CLUB AND MEMBERSHIP DEVELOPMENT | $28,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jockey Club New York, NY | $77,383,639 | $14,119,358 |
Ox Ridge Riding And Racquet Club Inc Darien, CT | $12,713,447 | $5,659,718 |
Pennsylvania Harness Horsemens Association Chester, PA | $47,723,168 | $7,569,633 |
Lphsa Inc Lake Placid, NY | $506,275 | $2,224,218 |
American Horse Trials Foundation Inc Southwick, MA | $1,169,339 | $2,675,908 |
Wilton Riding Club Incorporated Wilton, CT | $810,219 | $1,435,945 |
Green Mountain Horse Association Inc South Woodstock, VT | $5,227,035 | $1,822,357 |
Lovelane Special Needs Horseback Riding Program Inc Lincoln, MA | $10,298,349 | $1,902,873 |
Western New York Harness Horsemens Association Inc Batavia, NY | $1,628,703 | $1,541,793 |
Pennsylvania Horse Breeders Association Inc Kennett Square, PA | $833,317 | $1,478,049 |
Pegasus Therapeutic Riding Inc Brewster, NY | $5,410,456 | $1,539,175 |
Thorncroft Equestrian Center Malvern, PA | $14,841,730 | $1,605,648 |