Civic Intelligence

Polo Training Foundation

EIN 36-2605713 • 501(c)3 • Loxahatchee Groves, FL

Profile

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.

Refreshing map…

852 E RoadLoxahatchee Groves, FL 33470

www.polotraining.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

10th percentile

0.00x

Higher debt load relative to assets than 10% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

13th percentile

0.00x

Higher debt load relative to revenue than 13% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

89th percentile

50%

Higher net margin than 89% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

48th percentile

$124,740

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 10.3% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Asset Growth

74th percentile

14%

Faster asset growth than 74% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

89th percentile

82%

Faster revenue growth than 89% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets10th percentile

Assets

Up

$8,715,813

Up $2,903,782 (+50%) from 2022

Liabilities

Down

$3,311

Down $18,046 (-84%) from 2022

Net Assets

Up

$8,712,502

Up $2,921,828 (+50%) from 2022

Operations
Liabilities / Revenue13th percentileNet Margin89th percentile

Revenue

Down

$1,211,051

Down $12,085 (-1.0%) from 2022

Expenses

Up

$602,269

Up $126,670 (+27%) from 2022

Net Income

Down

$608,782

Down $138,755 (-19%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth74th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2011: $3,553,231Liabilities 2011: $54,603Net Assets 2011: $3,498,6282011Assets 2013: $3,431,083Liabilities 2013: $36,374Net Assets 2013: $3,394,7092013Assets 2015: $3,595,907Liabilities 2015: $13,346Net Assets 2015: $3,582,5612015Assets 2016: $3,478,025Liabilities 2016: $15,288Net Assets 2016: $3,462,7372016Assets 2017: $3,786,679Liabilities 2017: $39,758Net Assets 2017: $3,746,9212017Assets 2018: $3,961,669Liabilities 2018: $11,239Net Assets 2018: $3,950,4302018Assets 2019: $4,242,856Liabilities 2019: $20,307Net Assets 2019: $4,222,5492019Assets 2020: $4,731,536Liabilities 2020: $68,501Net Assets 2020: $4,663,0352020Assets 2021: $6,153,259Liabilities 2021: $69,672Net Assets 2021: $6,083,5872021Assets 2022: $5,812,031Liabilities 2022: $21,357Net Assets 2022: $5,790,6742022Assets 2025: $8,715,813Liabilities 2025: $3,311Net Assets 2025: $8,712,5022025

Highlighted filing

2025

Assets$8,715,813
Liabilities$3,311
Net Assets$8,712,502
Open 2025 Filing

Operations Trend

Revenue Growth89th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2011: $910,7702011Expenses 2013: $572,3292013Revenue 2015: $671,702Expenses 2015: $535,612Net Income 2015: $136,0902015Revenue 2016: $665,077Expenses 2016: $591,736Net Income 2016: $73,3412016Revenue 2017: $527,786Expenses 2017: $506,574Net Income 2017: $21,2122017Revenue 2018: $455,431Expenses 2018: $530,113Net Income 2018: -$74,6822018Revenue 2019: $523,005Expenses 2019: $522,807Net Income 2019: $1982019Revenue 2020: $512,281Expenses 2020: $513,164Net Income 2020: -$8832020Revenue 2021: $1,141,583Expenses 2021: $488,194Net Income 2021: $653,3892021Revenue 2022: $1,223,136Expenses 2022: $475,599Net Income 2022: $747,5372022Revenue 2025: $1,211,051Expenses 2025: $602,269Net Income 2025: $608,7822025

Highlighted filing

2025

Revenue$1,211,051
Expenses$602,269
Net Income$608,782
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$8,715,813
Liabilities
$3,311
Net assets
$8,712,502
Revenue
$1,211,051
Expenses
$602,269
Net income
$608,782
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.72$0.00$8.71$1.21$0.60$0.61
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.81$0.02$5.79$1.22$0.48$0.75
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.15$0.07$6.08$1.14$0.49$0.65
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.73$0.07$4.66$0.51$0.51$0.00
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.24$0.02$4.22$0.52$0.52$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.96$0.01$3.95$0.46$0.53$0.07
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.79$0.04$3.75$0.53$0.51$0.02
2016Detailed filing. Detailed filing data is available for this year.$3.48$0.02$3.46$0.67$0.59$0.07
2015Detailed filing. Detailed filing data is available for this year.$3.60$0.01$3.58$0.67$0.54$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.43$0.04$3.39$0.57
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.55$0.05$3.50$0.91
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Sep 9, 2025
Return Version
2024v5.2
Gross Receipts
$4,260,352
Mission and Program Overview

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$7,149,261$8,305,983▲ $1,156,722
Land, Buildings, and Equipment, Net$229,259$229,259→ $0
Cash and Non-Interest-Bearing Accounts$199,880$109,399▼ $90,481
Accounts Receivable$30,614$56,347▲ $25,733
Total Assets$7,621,823$8,715,813▲ $1,093,990
Other Assets Total$12,809$14,825▲ $2,016
Liabilities
Accounts Payable and Accrued Expenses$4,211$3,311▼ $900
Total Liabilities$4,211$3,311▼ $900
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,998,351$6,738,991▲ $740,640
Net Assets Without Donor Restrictions$1,619,261$1,973,511▲ $354,250
Total Net Assets Fund Balance$7,617,612$8,712,502▲ $1,094,890
Total Liabilities and Net Assets / Fund Balance$7,621,823$8,715,813▲ $1,093,990

Asset Categories

AssetBook ValueDepreciationBasis
Land$229,259-$229,259

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$5,576,395-▲ $1,002,658$261,668$6,317,385
2023$4,741,885-▲ $1,138,189$303,679$5,576,395
2022$4,503,498-▲ $425,228$186,841$4,741,885
2021$4,981,427-▼ $308,758$169,171$4,503,498
2020$3,875,268-▲ $1,305,044$198,885$4,981,427
Compensation and Service Providers
Top Officer Pay48th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer McleavyExecutive DirectorFT$121,500$3,240$124,740

Board Members and Trustees

NameTitle
Melissa P GanziChairman
Anthony L CoppolaPresident
Gillian JohnstonVice President
Bill KirtonDirector
Bonnie MagillDirector
Clifford M SiftonDirector
Dayna StueckDirector
James DeangelisDirector
Jesse PruittDirector
Karl HilbergDirector
Kenneth R MayerDirector
Lyn Jason CobbDirector
Nic RoldanDirector
Olexa CelineDirector
Patricia YunghannsDirector
Raymond NohDirector
Rebecca SchmeitsDirector
Thomas a SikesDirector
Virginia OrthweinDirector
Leighton JordanSecretary
Joseph W KozlikTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$435,368
Program Service Revenue
$25,753
Investment Income
$724,220
Other Revenue
$25,710
All Other Contributions
$435,368
Change in Net Assets
$608,782

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table272$65,280
Other Non Cash Contri Table3$43,992
Other Non Cash Contri Table1$635
Total Noncash Contributions276$109,907

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,160,045
Revenue Not Reported on Financial Statements
$51,006
Revenue Not Reported on Form 990
$554,207
Total Revenue per Audited Statements
$1,714,252
Total Revenue per Form 990
$1,211,051
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$429,147
Salaries, Compensation, and Employee Benefits$173,122
Total Fundraising Expense$58,057
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$46,126$23,063$46,126$115,315
Fees for Service Investment Mgmnt Fees-$51,006-$51,006
Other Employee Benefits$28,407--$28,407
Other Salaries and Wages$2,099$11,737$2,099$15,935
Fees for Services Accounting-$15,324-$15,324
Insurance$4,113$7,501-$11,614
Payroll Taxes$3,689$2,830$3,689$10,208
Office Expenses-$5,357$4,840$10,197
Fees for Services Legal-$5,000-$5,000
Fees for Services Other-$4,584-$4,584
Pension Plan Contributions$1,303$651$1,303$3,257
Other Expenses$36,564$1,592-$1,592
Information Technology-$759-$759
Conferences and Meetings-$203-$203
Total Functional Expenses$414,605$129,607$58,057$602,269

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$619,362
Total Expenses per Form 990$602,269
Expenses per Audited Statements$551,263
Expenses Not Reported on Form 990$68,099
Expenses Not Reported on Financial Statements$51,006
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The executive director receives the draft 990 from the auditor and reviews the form. The draft 990 is then sent to the board member/officer responsible for signing the form with a letter stating the executive director's approval. The board member/officer reviews the draft 990 and addresses any questions with the executive director. The 990 is filed once all questions have been addressed and all signatures obtained.”

Form 990, Part VI, Section B, Line 12C

“The foundation regularly and consistently monitors compliance with the conflict of interest policy by requiring board members to sign the policy on an annual basis.”

Form 990, Part VI, Section B, Line 15

“On at least an annual basis, the compensation for the executive director of the foundation is compared to other comparable foundation's using guidestar or other local information. The approval of the executive director's compensation is approved by the board of directors.”

Form 990, Part VI, Section C, Line 19

“The foundation's governing documents, conflict of interest policy, financial statements, and irs form 990 are available upon request.”

Filing and Contact Details

Filer

Filer Name
Polo Training Foundation
EIN
36-2605713
Phone
5616703616
Address
852 E ROAD, LOXAHATCHEE GROVES, FL 33470

Signing Officer

Name
Melissa Ganzi
Title
Chairman
Phone
3156965070
Signed
2025-09-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melissa Ganzi
Formed
1966
Legal Domicile
Ny
Voting Board Members
21
Independent Board Members
21
Employees
2
Volunteers
0

Preparer

Firm
Dermody Burke & Brown Cpas LLC
Address
443 N FRANKLIN ST STE 100, SYRACUSE, NY 13204-1441
Preparer
Shannon B Nelson
Phone
3154719171
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The organization has not changed its oversight process during the tax year.”

Financial Statement Notes

PART V, LINE 4:

“The foundation's endowment funds have been established to further its mission.”

PART X, LINE 2:

“Management is unaware of any unrelated business activities that may be subject to unrelated business income tax or any activities that would jeopardize the foundation's exempt status.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“RENTAL EXPENSE 68,099.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“RENTAL EXPENSE 68,099.”

Raw XML AppendixShowing 400 of 577 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0THE 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.
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IRS990/Desc0YOUTH 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.
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IRS990/MissionDesc0THE 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.
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