Overview
What is Polo Training Foundation?
The Polo Training Foundation, based in Loxahatchee Groves, Florida, is a nonprofit organization that is dedicated to promoting and nurturing the sport of polo at various levels. Established in 1967, their mission involves administering several funds, such as memorial, advisory, international, endowment, intercollegiate/interscholastic, and others. These funds aim to foster polo in collegiate or scholastic sports curriculums, encourage international goodwill through polo competitions, and enhance development and sportsmanship by teaching young people the principles of the polo game. The foundation's activities extend beyond fund administration. They organize youth clinics that serve as confidence builders for both horses and riders, allowing any breed and age to participate. These clinics involve understanding the rules, principles, and concepts of polo through videos, discussions, and hands-on learning. Adult clinics are also available, with the foundation covering half the cost of a player's clinic at any USPA member club. Throughout their mission, the Polo Training Foundation seeks to instill the highest standards of sportsmanship and promote international goodwill through polo competition. Their work remains committed to excellence in the sport of polo and supports polo training at various levels by providing funds for the development of current and future generations of players and umpires.
Official website here: www.polotraining.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star Rating)
The Polo Training Foundation has received an overall score of 80%, which translates to a Three-Star rating based solely on accountability and finance metrics. This rating highlights the organization’s strong governance practices, as indicated by its perfect score for having an entirely independent board and robust financial oversight mechanisms. The foundation demonstrates transparency through the publication of its financial statements and the presence of multiple policies designed to safeguard against conflicts of interest and ensure ethical conduct.
While the foundation excels in governance and accountability, its program expense ratio of 57.09% indicates that a significant portion of its expenses is not directed towards its programs. This could suggest areas for improvement in allocating resources more effectively to enhance the impact of its initiatives. The organization’s liabilities to assets ratio stands at a low 0.13%, reflecting a solid financial structure, which is a positive sign for sustainability.
Overall, the Polo Training Foundation showcases strong accountability measures and a commitment to transparent governance, yet there remains room for improvement in program expenditure to better fulfill its mission. The data suggests a generally well-managed organization, but potential donors may want to consider the implications of the program expense ratio when making contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Polo Training Foundation legitimate?
Polo Training Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Polo Training Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $117,015
Professional Fundraising Fees: $0
Other Salaries and Wages: $23,445
For more financial information, click here
Official website here: www.polotraining.org
What is the mission statement of Polo Training Foundation?
The Polo Training Foundation's primary purpose is to establish and manage various funds, such as memorial, advisory, international, endowment, intercollegiate/interscholastic, and others. These funds are intended to support polo in collegiate or scholastic sports curriculums, foster international goodwill through polo competitions, and above all, encourage the development and sportsmanship in young individuals by teaching them the principles of the polo game. Since its inception in 1967, the Polo Training Foundation has been dedicated to excellence in the sport of polo. It 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 foundation seeks to promote the highest standards of sportsmanship and international goodwill through polo competitions.
Official website here: www.polotraining.org
What is the revenue of Polo Training Foundation?
Polo Training Foundation's revenue in 2024 was $665,258.
Official website here: www.polotraining.org
Who are the executives of Polo Training Foundation and what are their salaries?
The average compensation at Polo Training Foundation during 2024 was $70,230. There are 2 employees at Polo Training Foundation.
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- Compensation: $113,760
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- Other: $3,255
Official website here: www.polotraining.org
Where can I find the form 990 for Polo Training Foundation?
Polo Training Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.polotraining.org
Learn more at the official website: www.polotraining.org
Mission Statement of Polo Training Foundation
The Polo Training Foundation, established in 1967, is dedicated to fostering excellence in the sport of polo. Its primary mission involves establishing and administering a series of funds, including memorial, advisory, international, endowment, intercollegiate/interscholastic, and others. These funds are intended to support polo in collegiate or scholastic sports curriculums, promote international goodwill through polo competition, and encourage the development and sportsmanship in young individuals by teaching them the principles of the polo game. Through its activities, the Polo Training Foundation aims to uphold the highest standards of sportsmanship and promote international harmony through polo competitions. The foundation supports polo training at various levels by providing funds for the development of current and future generations of players and umpires.
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Impact
July, 2024
The Polo Training Foundation's impact lies in its dedication to excellence in the great sport of polo. Since 1967, the foundation has been committed to supporting polo training at all levels, from developing current players to nurturing future generations of players and umpires. By providing funds for training programs, the foundation encourages the highest standards of sportsmanship and promotes international goodwill through polo competition. Through initiatives such as youth clinics and adult training programs, the Polo Training Foundation not only teaches the principles of the game of polo but also fosters confidence, teamwork, and skill development in its participants.
This information is meant to be a general summary of Polo Training Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $85,715
- Program Service Revenue: $28,849
- Gross Receipts: $3,755,787
Assets and Liabilities:
- Total Assets: $6,391,478
- Total Liabilities: $8,680
- Net Assets: $6,382,798
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PLAYER TRAINING CLINIC
Revenue
$28,849
Organization Details
Founding Year
1966
Principal Officer
Melissa Ganzi
Website
www.polotraining.orgNTEE Category
Code: N60 - Recreation
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