Civic Intelligence

Mashomack Polo Inc

990 • Fiscal year 2018 • EIN 82-3775613

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 25, 2019

PO Box 789Millbrook, NY 12545

(518) 398-1020

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

34th percentile

0.00x

Higher debt load relative to assets than 34% of similar nonprofits.

2018 filings • NTEE N • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

33rd percentile

0.00x

Higher debt load relative to revenue than 33% of similar nonprofits.

2018 filings • NTEE N • $500k-$1M nonprofits • Source year 2018

Net Margin

92nd percentile

42%

Higher net margin than 92% of similar nonprofits.

2018 filings • NTEE N • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

69th percentile

$0

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • NTEE N • $500k-$1M nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Assets

$403,929

No earlier filing loaded for comparison.

Net Assets

$403,610

No earlier filing loaded for comparison.

Liabilities

$319

No earlier filing loaded for comparison.

Revenue

$965,698

No earlier filing loaded for comparison.

Expenses

$562,088

No earlier filing loaded for comparison.

Net Income

$403,610

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2018: $403,929Liabilities 2018: $319Net Assets 2018: $403,6102018Assets 2019: $340,040Liabilities 2019: $343Net Assets 2019: $339,6972019Assets 2020: $366,480Liabilities 2020: $42Net Assets 2020: $366,4382020Assets 2021: $269,274Liabilities 2021: $1,396Net Assets 2021: $267,8782021Assets 2022: $433,241Liabilities 2022: $185Net Assets 2022: $433,0562022Assets 2023: $486,863Liabilities 2023: $253Net Assets 2023: $486,6102023Assets 2024: $306,554Liabilities 2024: $6,291Net Assets 2024: $300,2632024

Highlighted filing

2018

Assets$403,929
Liabilities$319
Net Assets$403,610

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2018: $965,698Expenses 2018: $562,088Net Income 2018: $403,6102018Revenue 2019: $864,636Expenses 2019: $928,549Net Income 2019: -$63,9132019Revenue 2020: $733,750Expenses 2020: $707,009Net Income 2020: $26,7412020Revenue 2021: $915,466Expenses 2021: $1,014,026Net Income 2021: -$98,5602021Revenue 2022: $1,343,878Expenses 2022: $1,178,700Net Income 2022: $165,1782022Revenue 2023: $1,481,051Expenses 2023: $1,427,497Net Income 2023: $53,5542023Revenue 2024: $962,690Expenses 2024: $1,149,037Net Income 2024: -$186,3472024

Highlighted filing

2018

Revenue$965,698
Expenses$562,088
Net Income$403,610
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 25, 2019
Return Version
2018v3.1
Gross Receipts
$965,698
Mission and Program Overview

Mission

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.

The purpose of the organization is to provide its members with boarding, training, and the best polo playing experience possible.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$301,737-
Land, Buildings, and Equipment, Net-$52,554-
Other Notes and Loans Receivable, Net-$40,000-
Prepaid Expenses and Deferred Charges-$9,638-
Total Assets$0$403,929▲ $403,929
Liabilities
Other Liabilities-$319-
Total Liabilities$0$319▲ $319
Net Assets / Fund Balance
Unrestricted Net Assets-$403,610-
Total Net Assets Fund Balance$0$403,610▲ $403,610
Total Liabilities and Net Assets / Fund Balance$0$403,929▲ $403,929

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$52,554$2,896$55,450
Compensation and Service Providers

Board Members and Trustees

NameTitle
John KloppPresident
Oakleigh ThorneSecretary
Craig CallenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$20,000
Program Service Revenue
$945,698
Investment Income
$0
Other Revenue
$0
All Other Contributions
$20,000
Change in Net Assets
$403,610
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$538,580
Salaries, Compensation, and Employee Benefits$23,508
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$194,356$10,892-$205,248
Other Expenses$46,108--$46,108
Insurance$25,116--$25,116
Other Salaries and Wages-$21,096-$21,096
Advertising$10,663--$10,663
Travel-$4,937-$4,937
Fees for Services Other-$4,450-$4,450
Depreciation Depletion$2,896--$2,896
Payroll Taxes-$2,412-$2,412
Office Expenses-$2,260-$2,260
Fees for Services Legal-$1,015-$1,015
Total Functional Expenses$515,026$47,062$0$562,088
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes Withheld$319
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

The entity's bylaws stipulate in article ii section 5 that except as otherwise provided, "directors shall be elected by a plurality of the votes cast at the meeting of the members entitled to vote." also indicated in that same section is the assignment of the right of each member to cast one vote.

Form 990, Page 6, Part VI, Line 7B

Under the by-laws, article ii section 5 indicates that except as otherwise required by law, any corporate action taken by vote shall be authorized by a majority of the members entitled to vote.

Form 990, Page 6, Part VI, Line 11B

The organization presents form 990 to the board for approval, using the annual financial statements as a guide in the process. Upon approval, consent to file is granted.

Form 990, Page 6, Part VI, Line 12C

Annually, all members of the board and officers are required to complete or update and recertify compliance with the conflict of interest policy by signing, dating and returning a copy of the policy to be retained by the organization.

Form 990, Page 6, Part VI, Line 15A

There are no paid directors, officers or members of management, no key employees; organization is operated by part-time volunteers.

Form 990, Page 6, Part VI, Line 15B

There are no paid directors, officers or members of management, no key employees; organization is operated by part-time volunteers.

Form 990, Page 6, Part VI, Line 19

Inspection is available at the organization's office by appointment, on an as requested basis.

Filing and Contact Details

Filer

Filer Name
Mashomack Polo Inc
EIN
82-3775613
Phone
5183981020
Address
PO BOX 789, MILLBROOK, NY 12545

Signing Officer

Name
Craig Callen
Title
Treasurer
Phone
5183981020
Signed
2019-06-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Craig Callen
Formed
2017
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
2
Volunteers
3

Preparer

Firm
D'ARCANGELO & CO LLP
Address
510 HAIGHT AVE, POUGHKEEPSIE, NY 12603
Preparer
John J Cina
Phone
8454737774
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Directors oversee the operations and currently are unpaid.

Form 990, Page 2, Part III, Line 4D

N/A

Form 990, Part IX, Line 24E

Fertilizer & seed 30,676 0 0 facility lease 30,000 0 0 real estate taxes 27,285 0 0 rent- apartment 26,466 0 0 ambulance fees 25,443 0 0 utilities 11,764 0 0 equipment repairs 10,546 0 0 trophies 10,052 0 0 gasoline 9,482 0 0 diesel fuel 6,146 0 0 ins - wkers compensation 0 4,965 0 supplies 3,697 0 0 member meals 2,765 0 0 furniture rental 0 2,497 0 miscellaneous 0 1,198 0 real estate commission 0 960 0 bank fees & finance chg. 0 672 0 permits & fees 0 600 0 auto expense 34 0 0 total 194,356 10,892 0

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DIRECTORS OVERSEE THE OPERATIONS AND CURRENTLY ARE UNPAID.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ENTITY'S BYLAWS STIPULATE IN ARTICLE II SECTION 5 THAT EXCEPT AS OTHERWISE PROVIDED, "DIRECTORS SHALL BE ELECTED BY A PLURALITY OF THE VOTES CAST AT THE MEETING OF THE MEMBERS ENTITLED TO VOTE." ALSO INDICATED IN THAT SAME SECTION IS THE ASSIGNMENT OF THE RIGHT OF EACH MEMBER TO CAST ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UNDER THE BY-LAWS, ARTICLE II SECTION 5 INDICATES THAT EXCEPT AS OTHERWISE REQUIRED BY LAW, ANY CORPORATE ACTION TAKEN BY VOTE SHALL BE AUTHORIZED BY A MAJORITY OF THE MEMBERS ENTITLED TO VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION PRESENTS FORM 990 TO THE BOARD FOR APPROVAL, USING THE ANNUAL FINANCIAL STATEMENTS AS A GUIDE IN THE PROCESS. UPON APPROVAL, CONSENT TO FILE IS GRANTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ANNUALLY, ALL MEMBERS OF THE BOARD AND OFFICERS ARE REQUIRED TO COMPLETE OR UPDATE AND RECERTIFY COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY SIGNING, DATING AND RETURNING A COPY OF THE POLICY TO BE RETAINED BY THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THERE ARE NO PAID DIRECTORS, OFFICERS OR MEMBERS OF MANAGEMENT, NO KEY EMPLOYEES; ORGANIZATION IS OPERATED BY PART-TIME VOLUNTEERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THERE ARE NO PAID DIRECTORS, OFFICERS OR MEMBERS OF MANAGEMENT, NO KEY EMPLOYEES; ORGANIZATION IS OPERATED BY PART-TIME VOLUNTEERS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9FERTILIZER & SEED 30,676 0 0 FACILITY LEASE 30,000 0 0 REAL ESTATE TAXES 27,285 0 0 RENT- APARTMENT 26,466 0 0 AMBULANCE FEES 25,443 0 0 UTILITIES 11,764 0 0 EQUIPMENT REPAIRS 10,546 0 0 TROPHIES 10,052 0 0 GASOLINE 9,482 0 0 DIESEL FUEL 6,146 0 0 INS - WKERS COMPENSATION 0 4,965 0 SUPPLIES 3,697 0 0 MEMBER MEALS 2,765 0 0 FURNITURE RENTAL 0 2,497 0 MISCELLANEOUS 0 1,198 0 REAL ESTATE COMMISSION 0 960 0 BANK FEES & FINANCE CHG. 0 672 0 PERMITS & FEES 0 600 0 AUTO EXPENSE 34 0 0 TOTAL 194,356 10,892 0
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DE762C18F0B1150B505FED3876381AE5DEEEC87B
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0DE762C18F0B1150B505FED3876381AE5DEEEC87B
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0173.50.165.82
ReturnHeader/FilingSecurityInformation/IPDt02019-07-02
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm013:18:49
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0132550103
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0D'ARCANGELO & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0510 HAIGHT AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0POUGHKEEPSIE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd012603
ReturnHeader/PreparerPersonGrp/PhoneNum08454737774
ReturnHeader/PreparerPersonGrp/PreparationDt02019-06-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN J CINA
ReturnHeader/ReturnTs02019-07-02T13:18:49-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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