Form990
Click to see attachment
Department of the TreasuryInternal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private
foundations)
MediumBullet Do not enter social security numbers on this form as it may be made public.
MediumBullet Information about Form 990 and its instructions is at www.IRS.gov/form990.
OMB No. 1545-0047
2015
Open to Public Inspection
A For the 2015 calendar year, or tax year beginning 01-01-2015 , and ending 12-31-2015
BCheck if applicable:
CName of organization
United States Polo Association Inc
 
 
Doing business as
 
 
Number and street (or P.O. box if mail is not delivered to street address)
12300 South Shore Blvd No 218
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wellington, FL33414
D Employer identification number

36-3016024
E Telephone number

G Gross receipts $ 98,063,758
F Name and address of principal officer:
Duncan Huyler
12300 South Shore Blvd No 218
Wellington,FL33414
I
Tax-exempt status: ( 6 ) LeftBullet (insert no.) or
J
Website:MediumBullet
www.uspolo.org
H(a)
Is this a group return for
subordinates?
H(b)
Are all subordinates
included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:  
L Year of formation: 1890
M State of legal domicile: FL
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: Promote, coordinate and supervise national and international polo games.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 29
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 22
5 Total number of individuals employed in calendar year 2015 (Part V, line 2a) ...... 5 33
6 Total number of volunteers (estimate if necessary) ............. 6 180
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 17,301
b Net unrelated business taxable income from Form 990-T, line 34 ......... 7b 13,481
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 0 0
9 Program service revenue (Part VIII, line 2g) ......... 2,676,922 2,406,909
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 8,001,746 10,214,148
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 15,563,133 17,428,331
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12) 26,241,801 30,049,388
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 916,245 1,035,163
14 Benefits paid to or for members (Part IX, column (A), line 4)..... 44,846 65,276
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 2,589,225 2,996,290
16a Professional fundraising fees (Part IX, column (A), line 11e) ..... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet0    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 7,529,263 8,220,500
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 11,079,579 12,317,229
19 Revenue less expenses. Subtract line 18 from line 12....... 15,162,222 17,732,159
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 96,916,849 107,577,948
21 Total liabilities (Part X, line 26)............. 744,740 1,042,500
22 Net assets or fund balances. Subtract line 21 from line 20..... 96,172,109 106,535,448
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's signature
Date
PTIN
Firm's name MediumBullet
Firm's EIN MediumBullet
Firm's address MediumBullet



Phone no.
May the IRS discuss this return with the preparer shown above? (see instructions) ..........
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y Form 990 (2015)
Form 990 (2015)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line in this Part III ..............
1
Briefly describe the organization’s mission: Organized to promote the game of polo, to coordinate the activities of its member clubs, and to supervise national and international polo games.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? .....................
If "Yes," describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program
services? ...........................
If "Yes," describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
Polo Umpire Program - The Umpire Program was developed to maintain consistency in the game and has evolved to become a high standard of certification with international recognition. This program supports all aspects of umpire services and programs within United States Polo Association, Inc. to meet the continually increasing demand for quality and consistent umpiring. This includes training and certification, availability of certified umpires to clubs which ensure a uniform system of rules and guidelines for all players, and administration of the Club and Circuit Umpire Expense Reimbursement Program along with the Umpire Exchange Program.
4b (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
Brand Strategy - This includes publications, marketing, tournament coordination, social media, strategies to promote awareness and growth in the sport of polo among membership and the general public. Members also benefit from receiving Polo Players' Edition, the official publication of United States Polo Association, Inc., which contains regular articles about game strategy and playing tips, horse care, international polo, social news, and game results.
4c (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
Member Services Programs - The Member Services Programs support all aspects of member services and programs within United States Polo Association, Inc. ("USPA"), provide a positive member experience at all levels of the game in order to maintain and increase current levels of membership and encourage growth in the sport, including a venue for competing and maintaining the sport and tournaments supporting all levels of players and connections with players and games from other countries. Member publications include the annual rule book and year book which contain information regarding USPA, including rules, membership, and other topics.
(Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
Program/Polo Development - Multiple initiatives aimed at enhancing and growing the sport of polo. Major initiatives include player growth and development, including: (1) Junior Polo/NYTS - Provides a venue to grow younger players in the sport.(2) Intercollegiate/Interscholastic - Created to promote and grow the sport of polo by providing maximum exposure to the sport; recruiting collegiate and scholastic institutions; coordinating activities of member schools and players; providing for organized competition, including sponsoring and administering regional and national tournaments with an emphasis on sportsmanship, fairness and safety nationwide.(3) Team USPA - Identifies young, talented American players and provides mentored training and playing opportunities, leading to a pool of highly rated amateur and professional players which helps develop and grow the sport of polo.(4) USPA tournaments - Supports players of all categories, providing a venue for competing and maintaining the sport.
4d Other program services (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expensesMediumBullet  
Form 990 (2015)
Form 990 (2015)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule A.....................
1
 
No
2
Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? ...
2
 
No
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part I.............
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II..............
4
 
 
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If "Yes," complete Schedule C, Part III.................
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part IClick to see attachment..................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part IIClick to see attachment...
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes," complete Schedule D, Part III Click to see attachment.............
8
 
No
9
Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IVClick to see attachment..............
9
 
No
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments? If "Yes," complete Schedule D, Part VClick to see attachment......
10
 
No
11
If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable.
a
Did the organization report an amount for land, buildings, and equipment in Part X, line 10?
If "Yes," complete Schedule D, Part VI.Click to see attachment...................
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIClick to see attachment.......
11b
Yes
 
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIIClick to see attachment.......
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IXClick to see attachment............
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part XClick to see attachment
11e
 
No
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part XClick to see attachment
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year?
If "Yes," complete Schedule D, Parts XI and XII Click to see attachment.................
12a
 
No
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States? .....
14a
Yes
 
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV.........Click to see attachment
14b
Yes
 
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV.....Click to see attachment
15
Yes
 
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV...Click to see attachment
16
 
No
17
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I (see instructions) ....
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............
18
 
No
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III...................
19
 
No
20a
Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....
20a
 
No
b
If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
Form 990 (2015)
Form 990 (2015)
Page 4
Part IV
Checklist of Required Schedules (continued)
21
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.....Click to see attachment
21
Yes
 
22
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........Click to see attachment
22
Yes
 
23
Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J....................... Click to see attachment
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a...............
24a
 
No
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
 
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds? ...............
24c
 
 
d
Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...
24d
 
 
25a
Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I............
25a
 
 
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I ...................
25b
 
 
26
Did the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons? If "Yes," complete Schedule L, Part II ................Click to see attachment
26
 
No
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part III......... Click to see attachment
27
Yes
 
28
Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L,
Part IV ........................Click to see attachment
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IV.....................Click to see attachment
28b
Yes
 
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner? If "Yes," complete Schedule L, Part IV... Click to see attachment
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M..
29
 
No
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M .............
30
 
No
31
Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part I.
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II ...........
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I ........Click to see attachment
33
Yes
 
34
Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1.........................Click to see attachment
34
Yes
 
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
Yes
 
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2 ...Click to see attachment
35b
Yes
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2.............
36
 
 
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VIClick to see attachment
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2015)
Form 990 (2015)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V...........
Yes
No
1a
Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable ..
1a
319
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable .
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................
2a
33
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file (see instructions)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
Yes
 
b
If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...
3b
Yes
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? ..
4a
 
No
b
If "Yes," enter the name of the foreign country: MediumBullet
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? ...
6a
 
No
b
If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? ......................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor? ....................
7a
 
 
b
If "Yes," did the organization notify the donor of the value of the goods or services provided? .....
7b
 
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? .........................
7c
 
 
d
If "Yes," indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?
7e
 
 
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ..
7f
 
 
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? ......................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? ..........................
7h
 
 
8
Sponsoring organizations maintaining donor advised funds.
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? .........................
8
 
 
9a
Did the sponsoring organization make any taxable distributions under section 4966?...
9a
 
 
b
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If "Yes," enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....
13b
 
c
Enter the amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..
14b
 
 
Form 990 (2015)
Form 990 (2015)
Page 6
Part VI
Governance, Management, and Disclosure For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response or note to any line in this Part VI ..............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year
1a
29
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent
1b
22
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
Yes
 
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? ...........................
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
Yes
 
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
Yes
 
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .......................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
10b
 
 
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................
11a
 
No
b
Describe in Schedule O the process, if any, used by the organization to review this Form 990. .....
12a
Did the organization have a written conflict of interest policy? If "No," go to line 13.......
12a
Yes
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe in Schedule O how this was done...................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
 
No
14
Did the organization have a written document retention and destruction policy? .........
14
 
No
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line 15a or 15b, describe the process in Schedule O (see instructions).
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
 
No
b
If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
 
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
CA
18
Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, address, and telephone number of the person who possesses the organization's books and records:
MediumBulletSusan Present12300 South Shore Blvd 218   Wellington,FL33414 (800) 232-8772
Form 990 (2015)
Form 990 (2015)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response or note to any line in this Part VII ..............
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(1) Joseph P Meyer......................................................................
President (End 10/15), Chairman
 10.00
.................
0.00 		X   X       0 0 0
(2) Charles W Weaver......................................................................
Chairman, Trustee (End 10/15)
 10.00
.................
0.20 		X   X       0 0 0
(3) Thomas Gose......................................................................
Secretary (Start 10/15)
 2.00
.................
0.00 		X   X       0 0 0
(4) Daniel K Walker......................................................................
Secretary (End 10/15)
 2.00
.................
0.00 		X   X       0 0 0
(5) Samuel Ramirez Jr......................................................................
Treasurer (Start 10/15)
 2.00
.................
0.00 		X   X       0 0 0
(6) Edward R Campbell III......................................................................
Treasurer (End 10/15), President
 3.00
.................
0.00 		X   X       0 0 0
(7) Anthony L Coppola......................................................................
Trustee (Start 4/15)
 2.00
.................
0.00 		X           0 0 0
(8) Avery S Chapman......................................................................
Trustee (End 10/15)
 2.00
.................
0.00 		X           0 0 0
(9) Britt Baker......................................................................
Trustee
 2.00
.................
0.00 		X           0 0 0
(10) Charles W Smith......................................................................
Trustee (End 10/15)
 2.00
.................
0.20 		X           0 0 0
(11) Christopher Dawson......................................................................
Trustee
 2.00
.................
0.00 		X           0 0 0
(12) Chrys D Beal......................................................................
Trustee (End 10/15)
 2.00
.................
0.00 		X           0 0 0
(13) Dale Smicklas......................................................................
Trustee
 2.00
.................
0.00 		X           0 0 0
(14) Daniel Coleman......................................................................
Trustee
 2.00
.................
0.00 		X           0 0 0
(15) David Ragland......................................................................
Trustee
 2.00
.................
0.00 		X           0 0 0
(16) Dennis L Geiler......................................................................
Trustee
 2.00
.................
0.00 		X           0 0 0
(17) Dr Richard T Caleel......................................................................
Trustee (End 10/15)
 2.00
.................
0.20 		X           0 0 0
Form 990 (2015)
Form 990 (2015)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(18) Erica Gandomcar-Sachs........................................................................
Trustee
 2.00
.......................0.00 		X           0 0 0
(19) George R Dill........................................................................
Trustee (Start 10/15)
 2.00
.......................0.20 		X           15,720 0 0
(20) James H Burton III........................................................................
Trustee
 2.00
.......................0.00 		X           0 0 0
(21) John F Flournoy Jr........................................................................
Trustee
 2.00
.......................0.00 		X           0 0 0
(22) Julio Arellano........................................................................
Trustee (Start 10/15)
 2.00
.......................0.00 		X           0 0 0
(23) Leighton Jordan........................................................................
Trustee
 2.00
.......................0.00 		X           0 0 0
(24) Mark V Sedacca........................................................................
Trustee
 2.00
.......................0.00 		X           0 0 0
(25) Maureen Brennan........................................................................
Trustee (Start 10/15)
 2.00
.......................0.00 		X           0 0 0
(26) Melissa Ganzi........................................................................
Trustee
 2.00
.......................0.20 		X           0 0 0
(27) Patrick Nesbitt........................................................................
Trustee
 2.00
.......................0.20 		X           0 0 0
(28) Paul Jornayvaz........................................................................
Trustee
 2.00
.......................0.00 		X           0 0 0
(29) Peter F Poor........................................................................
Trustee (Start 10/15)
 2.00
.......................0.00 		X           0 0 0
(30) Robert P Jornayvaz III........................................................................
Trustee
 2.00
.......................0.00 		X           0 0 0
(31) Robert Petersen........................................................................
Trustee
 2.00
.......................0.00 		X           0 0 0
(32) Russell A Sheldon........................................................................
Trustee (End 5/15)
 2.00
.......................0.00 		X           0 0 0
(33) Scott Walker........................................................................
Trustee (Start 10/15)
 2.00
.......................0.00 		X           0 0 0
(34) Stephen A Orthwein Jr........................................................................
Trustee
 2.00
.......................0.00 		X           0 0 0
(35) Steve S Armour........................................................................
Trustee
 2.00
.......................0.00 		X           0 0 0
(36) Stewart Armstrong........................................................................
Trustee (Start 10/15)
 2.00
.......................0.00 		X           0 0 0
(37) Sunset Hale........................................................................
Trustee (End 4/15)
 2.00
.......................0.00 		X           4,500 0 0
(38) Duncan Huyler........................................................................
CEO (Start 7/15)
 40.00
.......................0.00 		    X       136,300 0 4,329
(39) Peter J Rizzo........................................................................
CEO (End 12/15)
 40.00
.......................0.00 		    X       249,403 0 244,724
(40) Susan C Present........................................................................
CFO
 40.00
.......................0.00 		    X       187,950 0 14,150
(41) Charles A Muldoon........................................................................
Exec. Dir. - Umpires LLC
 40.00
.......................0.00 		        X   135,730 0 10,229
(42) Kristine Bowman........................................................................
Exec. Dir. - Polo Dev.
 40.00
.......................0.00 		        X   147,536 0 14,524
(43) Stephen F Lane........................................................................
Umpire - Head Instructor
 40.00
.......................0.00 		        X   108,458 0 13,560
(44) Robert Puetz........................................................................
Exec. Dir. - Services
 40.00
.......................0.00 		        X   139,777 0 14,686
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)...........MediumBullet 1,125,374 0 316,202
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization MediumBullet7
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............
3
 
No
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such
individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
Carr-Hughes Productions Inc

393 Church Street
Saratoga Springs,NY12866 		Broadcasting 343,741
Christine Vermes,
1376 University Avenue
Palo Alto,CA94301 		Outsourced Marketing Services 201,208
Polo Players Edition

6008 Reynolds Road
Lake Worth,FL33449 		Publishing/Advertising 201,049
Galle Law Group PA

13501 Southshore Blvd Ste 103
Wellington,FL334147203 		Legal 197,647
Keating & Co LLC

285 West Broadway Ste 400
New York,NY10013 		Public Relations 133,823
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet11
Form 990 (2015)
Form 990 (2015)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII .............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512-514
Contributions, Gifts, GrantAmt and OtherAmt Similar Amounts 1a Federated campaigns..1a  
b Membership dues..1b  
c Fundraising events..1c  
d Related organizations1d  
e Government grants (contributions)1e  
f All other contributions, gifts, grants, and similar amounts not included above1f  
g Noncash contributions included in lines 1a-1f:$  
h Total.Add lines 1a-1f.......MediumBullet  
Program Service RevenueAmt Business Code
2a Umpiring 711300 1,029,608 1,029,608    
b Membership Dues & Assn 711300 625,950 625,950    
c Tournaments 711300 334,996 334,996    
d Sponsorships 711300 321,360 308,750 12,610  
e Advertising 711300 45,150 45,150    
f All other program service revenue. 49,845 45,154 4,691  
g Total.Add lines 2a–2f.....MediumBullet 2,406,909
OtherAmt RevenueAmt 3 Investment income (including dividends, interest, and othersimilar amounts) ..........MediumBullet 5,811,495     5,811,495
4 Income from investment of tax-exempt bond proceedsMediumBullet        
5 Royalties...........MediumBullet 17,428,331     17,428,331
(ii) Personal (i) Real
6a Gross rents    
b Less: rental expenses    
c Rental income or (loss)    
d Net rental income or (loss)......MediumBullet        
(ii) Other (i) Securities
7a Gross amount from sales of assets other than inventory   72,417,023
b Less: cost or other basis and sales expenses   68,014,370
c Gain or (loss)   4,402,653
d Net gain or (loss).....MediumBullet 4,402,653     4,402,653
8a Gross income from fundraising events (not including $   of contributions reported on line 1c). See Part IV, line 18 ....
a  
b Less: direct expenses ...b  
c Net income or (loss) from fundraising events..MediumBullet      
9a Gross income from gaming activities.
See Part IV, line 19 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from gaming activities..MediumBullet        
10a Gross sales of inventory, less
returns and allowances ..
a  
b Less: cost of goods sold ..b  
c Net income or (loss) from sales of inventory..MediumBullet        
Business Code Miscellaneous Revenue
11a            
b            
c            
d All other revenue ....        
e Total. Add lines 11a–11d ...... MediumBullet  
12 Total revenue. See Instructions......MediumBullet 30,049,388 2,389,608 17,301 27,642,479
Form 990 (2015)
Form 990 (2015)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX ..............
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising expenses
1 Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 701,377  
2 Grants and other assistance to individuals in the United States. See Part IV, line 22 316,281  
3 Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16 17,505  
4 Benefits paid to or for members 65,276  
5 Compensation of current officers, directors, trustees, and key employees .... 834,256      
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....        
7 Other salaries and wages 1,689,946      
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 35,922      
9 Other employee benefits ....... 272,266      
10 Payroll taxes ........... 163,900      
11 Fees for services (non-employees):        
a Management ......        
b Legal ......... 284,034      
c Accounting ........... 71,269      
d Lobbying ...........        
e Professional fundraising services. See Part IV, line 17    
f Investment management fees ...... 180,722      
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) 329,895      
12 Advertising and promotion ....        
13 Office expenses ....... 559,198      
14 Information technology ...... 45,482      
15 Royalties ..        
16 Occupancy ........... 65,830      
17 Travel ............ 532,469      
18 Payments of travel or entertainment expenses for any federal, state, or local public officials .        
19 Conferences, conventions, and meetings .... 318,881      
20 Interest ...........        
21 Payments to affiliates .......        
22 Depreciation, depletion, and amortization .. 90,776      
23 Insurance ... 375,352      
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a Polo Development 1,690,545      
b Brand Strategy 1,584,458      
c Umpiring Expenses 1,562,436      
d Member Polo Experience 529,153      
e All other expenses        
25 Total functional expenses. Add lines 1 through 24e 12,317,229      
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet if following SOP 98-2 (ASC 958-720).        
Form 990 (2015)
Form 990 (2015)
Page 11
Part X
Balance Sheet
Check if Schedule O contains a response or note to any line in this Part IX ..............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash–non-interest-bearing ........   1  
2 Savings and temporary cash investments ......... 19,700,145 2 14,099,714
3 Pledges and grants receivable, net ......   3  
4 Accounts receivable, net ............. 2,906,586 4 3,369,686
5 Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L
  5  
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
  6  
7 Notes and loans receivable, net ....   7  
8 Inventories for sale or use ........   8  
9 Prepaid expenses and deferred charges ...... 270,480 9 414,882
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 188,276
b Less: accumulated depreciation 10b 101,877 109,257 10c 86,399
11 Investments—publicly traded securities . 63,897,870 11 78,816,575
12 Investments—other securities. See Part IV, line 11 ..... 9,332,511 12 10,130,692
13 Investments—program-related. See Part IV, line 11 ..   13  
14 Intangible assets ............... 350,000 14 510,000
15 Other assets. See Part IV, line 11 ........... 350,000 15 150,000
16 Total assets. Add lines 1 through 15 (must equal line 34)... 96,916,849 16 107,577,948
Liabilities 17 Accounts payable and accrued expenses ..... 498,565 17 784,325
18 Grants payable ...   18  
19 Deferred revenue ......... 246,175 19 258,175
20 Tax-exempt bond liabilities .........   20  
21 Escrow or custodial account liability. Complete Part IV of Schedule D   21  
22 Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L..   22  
23 Secured mortgages and notes payable to unrelated third parties ..   23  
24 Unsecured notes and loans payable to unrelated third parties ..   24  
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D   25  
26 Total liabilities. Add lines 17 through 25.. 744,740 26 1,042,500
Net Assets or Fund Balance Organizations that follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets 96,172,109 27 106,535,448
28 Temporarily restricted net assets ...........   28  
29 Permanently restricted net assets   29  
Organizations that do not follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds .....   30  
31 Paid-in or capital surplus, or land, building or equipment fund ...   31  
32 Retained earnings, endowment, accumulated income, or other funds   32  
33 Total net assets or fund balances ........... 96,172,109 33 106,535,448
34 Total liabilities and net assets/fund balances ........ 96,916,849 34 107,577,948
Form 990 (2015)
Form 990 (2015)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response or note to any line in this Part XI ..............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
30,049,388
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
12,317,229
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
17,732,159
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..
4
96,172,109
5
Net unrealized gains (losses) on investments ...............
5
-7,368,820
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
 
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
0
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33, column (B))
10
106,535,448
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response or note to any line in this Part XII .............
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
 
No
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133?
3a
 
No
b
If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.
3b
 
 
Form 990 (2015)
Form 990 (2015)
Additional Data


Software ID:  
Software Version:  
Form 990, Special Condition Description:
Special Condition Description
SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet Attach to Form 990.
Information about Schedule D (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public Inspection
Name of the organization
United States Polo Association Inc
 
Employer identification number

36-3016024
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year ....    
2 Aggregate value of contributions to (during year)    
3 Aggregate value of grants from (during year)    
4 Aggregate value at end of year ....    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ...........
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ............................
Part II
Conservation Easements. Complete if the organization answered "Yes" on Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ...................... 2a  
b Total acreage restricted by conservation easements .................... 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register ... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............
6
Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................
9
In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:
(i)
Revenue included on Form 990, Part VIII, line 1 .........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958) relating to these items:
a
Revenue included on Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) 2015

Schedule D (Form 990) 2015
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b If "Yes," explain the arrangement in Part XIII and complete the following table: Amount
c Beginning balance ............................. 1c  
d Additions during the year ............................ 1d  
e Distributions during the year .......................... 1e  
f Ending balance ................................ 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability?
b
If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ........
Part V
Endowment Funds. Complete if the organization answered "Yes" on Form 990, Part IV, line 10.
(a)Current year (b)Prior year (c)Two years back (d)Three years back (e)Four years back
1a Beginning of year balance ....          
b Contributions ...          
c Net investment earnings, gains, and losses          
d Grants or scholarships ...          
e Other expenditures for facilities
and programs ... 		         
f Administrative expenses ....          
g End of year balance ......          
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment SchDMd Bullet  
b
Permanent endowment SchDMd Bullet  
c
Temporarily restricted endowment SchDMd Bullet  
The percentages on lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) unrelated organizations .................
3a(i)
 
 
(ii) related organizations .................
3a(ii)
 
 
b
If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis
(investment) 		(b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land ...      
b Buildings        
c Leasehold improvements   6,499 4,356 2,143
d Equipment ...   156,889 76,346 80,543
e Other ...   24,888 21,175 3,713
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..SchDMdBullet 86,399
Schedule D (Form 990) 2015

Schedule D (Form 990) 2015
Page 3
Part VII
Investments—Other Securities. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b)Book value (c)Method of valuation:
Cost or end-of-year market value
(1)Financial derivatives    
(2)Closely-held equity interests 10,130,692 C
(3)Other
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet 10,130,692
Part VIII
Investments—Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.
(a) Description of investment (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.
(a) Description (b) Book value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
Part X
Other Liabilities. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
(1) Federal income taxes  
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet  
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII
Schedule D (Form 990) 2015

Schedule D (Form 990) 2015
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total revenue, gains, and other support per audited financial statements ....... 1  
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains (losses) on investments .... 2a  
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ............ 2d  
e Add lines 2a through 2d ..................... 2e  
3 Subtract line 2e from line 1.................. 3  
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a  
b Other (Describe in Part XIII.) ........... 4b  
c Add lines 4a and 4b.................... 4c  
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5  
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total expenses and losses per audited financial statements ........... 1  
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities ......... 2a  
b Prior year adjustments ............ 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIII.) ............ 2d  
e Add lines 2a through 2d.................... 2e  
3 Subtract line 2e from line 1................... 3  
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a  
b Other (Describe in Part XIII.) ............ 4b  
c Add lines 4a and 4b..................... 4c  
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5  

Part XIII
Supplemental Information
Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Return Reference Explanation
Part X, Line 2: From the consolidated audited financial statements of United States Polo Association, Inc. and Subsidiaries ("USPA"): The USPA is exempt from income taxes under Section 501(c)(6) of the Internal Revenue Code. Unrelated business income is subject to income tax. Income and expenses of Umpires LLC, Marketing LLC, and Polo Development LLC are reported with USPA's income as these three LLC's are considered disregarded entities for income tax purposes. For USPA Global Licensing, Inc. (USPAGL), income taxes are provided for the tax effects of transactions reported in the financial statements and consist of taxes currently due plus deferred taxes. Deferred taxes are recognized for temporary differences between the basis of assets and liabilities for financial and income tax purposes. Deferred tax assets and liabilities represent the future tax return consequences of those differences, which will either be deductible or taxable when the assets and liabilities are recovered or settled. USPAGL conducts business with a number of foreign licensees, and, to the extent that the royalties are subject to foreign taxation, it is the responsibility of the licensee to withhold and remit the tax to the appropriate taxing authority. The USPA and subsidiaries evaluate whether the tax positions taken by USPA and subsidiaries will more likely than not (greater than 50%) be sustained upon examination by the appropriate tax authority. As of December 31, 2015 and 2014, USPA and subsidiaries have recorded no liability for the tax positions taken. Tax years that are open include the years 2013 to 2015.
Schedule D (Form 990) 2015


Additional Data


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SCHEDULE F(Form 990)
Department of the Treasury
Internal Revenue Service
Statement of Activities Outside the United States
Right pointing arrow large image Complete if the organization answered "Yes" to Form 990,Part IV, line 14b, 15, or 16.Right pointing arrow large image Attach to Form 990. Right pointing arrow large image See separate instructions.Right pointing arrow large image Information about Schedule F (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public Inspection
Name of the organization
United States Polo Association Inc
 
Employer identification number

36-3016024
Part I
General Information on Activities Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 14b.
1
For grantmakers.Does the organization maintain records to substantiate the amount of its grants and
other assistance, the grantees’ eligibility for the grants or assistance, and the selection criteria used
to award the grants or assistance? . . . . . . . . . . . . . . . . . . . . . . . . .
2
For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other assistance outside the United States.
3
Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)
(a) Region (b) Number of offices in the region (c) Number of employees, agents, and independent contractors in region (d) Activities conducted in region (by type) (e.g., fundraising, program services, investments, grants to recipients located in the region) (e) If activity listed in (d) is a program service, describe specific type of
service(s) in region		 (f) Total expenditures
for and investments
in region
Central America & the Caribbean 0 4 Program services International Event 5,750
Europe (including Iceland & Greenland) 0 3 Program services International Event 16,506
North America 0 3 Program services International Event 8,539
South America 0 22 Program services International Event 149,260
South Asia 0 11 Program services International Event 18,744
North America 0 6 Grant-making   11,505
East Asia and the Pacific 0 8 Program services International Event 160,171
East Asia and the Pacific 0 1 Program services Umpire Services 10,935
Central America & the Caribbean 0 1 Program services Umpire Services 3,267
North America 0 5 Program services Umpire Services 10,372
South America 0 3 Program services Umpire Services 48,459
           
           
           
           
           
           
3a Sub-total ..... 0 58 381,410
b Total from continuation sheets to Part I ... 0 9 62,098
c Totals (add lines 3a and 3b) 0 67 443,508
For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2015
Schedule F (Form 990) 2015
Page 2
Part II
Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 15, for any recipient who received more than $5,000. Part II can be duplicated if additional space is needed.
1 (a) Name of organization (b) IRS code section
and EIN (if applicable)		 (a)(c) Region (b)(d) Purpose of
grant 		(e) Amount of
cash grant 		(f) Manner of
cash
disbursement 		(g) Amount
of non-cash
assistance 		(h) Description
of non-cash
assistance 		(i) Method of
valuation
(book, FMV,
appraisal, other)
North America Club and Membership Development 6,000 Check      
             
             
             
             
             
             
             
             
             
             
             
             
             
             
             
2 Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .......MediumBullet
0
3 Enter total number of other organizations or entities .......................MediumBullet
1
Schedule F (Form 990) 2015
Schedule F (Form 990) 2015Page 3
Part III
Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 16.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Region (c) Number of recipients (d) Amount of
cash grant 		(e) Manner of cash
disbursement 		(f) Amount of
non-cash
assistance 		(g) Description
of non-cash
assistance 		(h) Method of
valuation
(book, FMV,
appraisal, other)
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
Schedule F (Form 990) 2015
Schedule F (Form 990) 2015
Page 4
Part IV
Foreign Forms
1 Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes,"the organization may be required to file Form 926, Return by a U.S. Transferor of Property to a Foreign Corporation (see Instructions for Form 926). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to separately file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3 Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with Respect to Certain Foreign Corporations. (see Instructions for Form 5471). . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If “Yes,” the organization may be required to file Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621) .
5 Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with Respect to Certain Foreign Partnerships. (see Instructions for Form 8865). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to separately file Form 5713, International Boycott Report (see Instructions for Form 5713).. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule F (Form 990) 2015
Schedule F (Form 990) 2015
Page 5
Part V
Supplemental Information
Provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information (see instructions).
ReturnReference Explanation
Part I, Line 2: Monitoring funds by reviewing scorecards and other means, such as club visits.
Schedule F, Part V: The amounts reported in Schedule F were determined using the accrual method of accounting.
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
Schedule F (Form 990) 2015
Additional Data


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Schedule I
(Form 990)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," on Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990.
lBullet Information about Schedule I (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public
Inspection
Name of the organization
United States Polo Association Inc
 
Employer identification number
36-3016024
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient
that received more than $5,000. Part II can be duplicated if additional space is needed.
(a) Name and address of organization
or government		 (b) EIN (c) IRC section
if applicable		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
non-cash assistance		 (h) Purpose of grant
or assistance
(1) Aiken Polo Club Inc
PO Box 3021
Aiken,SC29802 		57-0778833 501(c)(3) 10,800       Club and Membership Development
(2) Barefield Polo Club Inc
509 Byram Kingwood Rd
Frenchtown,NJ08825 		45-5063452 501(c)(6) 5,500       Club and Membership Development
(3) Barrington Hills Polo Club
208A Braeburn Rd
Barrington Hills,IL60010 		36-4230561 501(c)(7) 10,004       Club and Membership Development
(4) Being the Change Inc
2030 W Baseline Rd 182-216
Phoenix,AZ85041 		46-4520564 501(c)(3) 5,201       Club and Membership Development
(5) Bend Polo Club LLC
833 NW Stonepine Dr
Bend,OR97701 		47-4003263   5,500       Club and Membership Development
(6) Border Circuit Polo School Inc
1925 Alvarez Rd
Anthony,NM88021 		90-0535445   5,539       Club and Membership Development
(7) Brandywine Polo Club LLC
PO Box 568
Unionville,PA19375 		46-2524595   7,450       Club and Membership Development
(8) California Polo Club Inc
16060 Ventura Blvd 105-268
Encino,CA91436 		95-4503823   8,000       Club and Membership Development
(9) Centaur Polo LLC
3728 S Bay Road NE
Olympia,WA98506 		95-4723674   5,501       Club and Membership Development
(10) Central Coast Polo Club Inc
2320 Clark Valley Rd
Los Osos,CA93402 		71-0891330 501(c)(3) 7,705       Club and Membership Development
(11) Central New York
451 Sheffield Rd
Ithaca,NY14850 		27-1362866 501(c)(7) 6,376       Club and Membership Development
(12) Country Farms Polo Inc
200 Bellport Ave
Medford,NY11763 		11-3335273   12,412       Club and Membership Development
(13) DDB Customs Inc
9239 Hester Rd
Hurdle Mills,NC27541 		56-1908757   9,448       Club and Membership Development
(14) Eldorado Polo Club Inc
50950 Madison Street
Indio,CA92201 		95-2088037   16,400       Club and Membership Development
(15) Empire Polo Club Inc
81-800 Avenue 51
Indio,CA92201 		95-4248556   9,100       Club and Membership Development
(16) Grand Champion Polo Club Palm Beach Inc
3629 Aiken Ct
Wellington,FL33414 		26-0142806   8,000       Club and Membership Development
(17) Great Meadow Polo Club LLC
5089 Old Tavern Rd
The Plains,VA20198 		27-2545349   6,500       Club and Membership Development
(18) Florida Polo Inc dba Gulfstream Polo LLC
4550 Polo Club Road
Lake Worth,FL33467 		59-1096396   5,325       Club and Membership Development
(19) Haviland Hollow Polo Club LLC
815 East Branch Rd
Patterson,NY12563 		51-0645222   6,500       Club and Membership Development
(20) Houston Polo Club
8552 Memorial Dr
Houston,TX77024 		76-0046253   33,600       Club and Membership Development
(21) IPC Polo LLC
940 Carbindale Rd
Wellington,FL33414 		20-0143389   6,400       Club and Membership Development
(22) Maui Polo Club Association Inc
77 Anuhea Place
Makawao,HI96768 		27-2116233 501(c)(7) 7,083       Club and Membership Development
(23) Mauna Kea Polo Club
PO Box 353
Kamuela,HI96743 		44-4488519   11,500       Club and Membership Development
(24) National Museum of Polo and Hall of Fame
9011 Lake Worth Road
Lake Worth,FL33467 		36-3308567 501(c)(3) 90,000       Matching Funds Program
(25) Myopia Hunt Club
435 Bay Rd
South Hamilton,MA01982 		04-1648210 501(c)(7) 10,900       Club and Membership Development
(26) New Bridge Polo Club Inc
862 New Bridge Road
Aiken,SC29805 		20-0485702   5,300       Club and Membership Development
(27) New Orleans Polo Club Inc
PO Box 1202
Folsom,LA70437 		27-0584800   17,550       Club and Membership Development
(28) NWA Polo Club and Association
14955 Shipe Rd
Gravette,AR72736 		46-4842562 501(c)(4) 8,076       Club and Membership Development
(29) Pine Tree Farms
4285 125th Ave S
Wellington,FL33449 		65-0697410   7,000       Club and Membership Development
(30) Polo Ranches of Sarasota LLC
8201 Polo Club Lane
Sarasota,FL34240 		65-0329191   10,000       Club and Membership Development
(31) Poway Valley Riders Association
PO Box 77
Poway,CA92074 		95-2795289 501(c)(4) 8,000       Club and Membership Development
(32) Ranchez LLC
3735 FM 1643
Winnsboro,TX75494 		47-2350295   5,750       Club and Membership Development
(33) River Valley Equestrian Center
9104 Soldin Lane
El Cajon,CA92021 		46-5445238   7,517       Club and Membership Development
(34) Santa Barbara Polo & Racquet Inc
3375 Foothill Rd Ste 1200
Carpinteria,CA93013 		95-2771762 501(c)(7) 6,500       Club and Membership Development
(35) Sarasota Polo Club
8201 Polo Club Lane
Sarasota,FL34240 		65-0329191   5,600       Club and Membership Development
(36) Scholarship America Inc
PO Box 240
Saint Peter,MN56082 		26-0097114 501(c)(3) 24,000       Club and Membership Development
(37) Sioux Falls Polo Club Inc
1942 S 1st Ave
Sioux Falls,SC57105 		32-0449992   7,493       Club and Membership Development
(38) South Bay Polo Club Inc
1290 Masten Ave
Gilroy,CA95020 		46-4658127   7,350       Club and Membership Development
(39) St Louis Polo Club LLC
9909 Clayton Rd Suite 210
St Louis,MO63124 		20-1255361 501(c)(7) 10,136       Club and Membership Development
(40) Stage Hill Polo School Inc
42 Low St
Newbury,MA01951 		04-3576122   6,500       Club and Membership Development
(41) Twin City Polo Club Inc
4432 Hwy 25 SE
Buffalo,MN55313 		41-1834081   12,044       Club and Membership Development
(42) Virginia Polo Inc
1082 Forest Lodge Ln
Charlottesville,VA22903 		54-1569671 501(c)(3) 15,500       Club and Membership Development
(43) Wagener Polo Club
5720 Wagener Rd
Wagener,SC29164 		46-5443193   7,400       Club and Membership Development
(44) Westchester Newport Polo Inc
2503 East Main Road
Portsmouth,RI02871 		05-0458298   6,500       Club and Membership Development
(45) Will Rogers Polo Club Inc
10948 Bloomfield St 109
Studio City,CA91603 		20-3430908 501(c)(3) 6,008       Club and Membership Development
(46) Yale Polo & Equestrian Center Inc
64 Whetstone Rd
Harwinton,CT06791 		27-0820382 501(c)(3) 6,500       Club and Membership Development
(47) La Conner Polo Club
16278 La Conner Whitney Road
La Conner,WA98257 		75-3060825   7,055       Club and Membership Development
2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image
8
3
Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image
39
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2015

Schedule I (Form 990) 2015
Page 2
Part III
Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Number of
recipients		 (c) Amount of
cash grant		 (d) Amount of
non-cash assistance		 (e) Method of valuation (book,
FMV, appraisal, other)		 (f) Description of non-cash assistance
(1) Polo Development Initiative 13 86,368      
(2) USPA Team Stipends 12 82,171      
(3) Insurance Reimbursement 1 8,000      
(4) PUMP6 1 6,221      
(5) Excellence Award 1 5,000      
(6) Committee Armed Forces 1 1,164      
(7) Arena Incentive Program 1 232      
(7)
Part IV
Supplemental Information. Provide the information required in Part I, line 2, Part III, column (b), and any other additional information.
Return Reference Explanation
Part I, Line 2: The Organization uses the following procedures for monitoring use of grant funds in the United States: - Club visits, - Scorecard completion with various points measuring metrics such as achievements, goals, benchmarking, etc., - Continuous mentoring support, and - Progress monitoring.
Schedule I (Form 990) 2015



Additional Data


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Software Version:  


Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
SchJMediumBullet Attach to Form 990.
SchJMediumBullet Information about Schedule J (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public Inspection
Name of the organization
United States Polo Association Inc
 
Employer identification number

36-3016024
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .........
1b
 
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked in line 1a? ..
2
 
 
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
4
During the year, did any person listed on Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? ................
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........
4b
 
No
c
Participate in, or receive payment from, an equity-based compensation arrangement? .........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ...........................
5a
 
 
b
Any related organization?
5b
 
 
If "Yes," on line 5a or 5b, describe in Part III.
6
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization?
6a
 
 
b
Any related organization? .........................
6b
 
 
If "Yes," on line 6a or 6b, describe in Part III.
7
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
 
 
8
Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................
8
 
 
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2015

Schedule J (Form 990) 2015
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A) Name and Title (B) Breakdown of W-2 and/or 1099-MISC compensation (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation in column(B) reported as deferred on prior Form 990
(i) Base compensation (ii) Bonus & incentive compensation (iii) Other reportable compensation
1Peter J RizzoCEO (End 12/15) (i)

(ii)		 223,611
-------------
0 		25,000
-------------
0 		792
-------------
0 		233,963
-------------
0 		10,761
-------------
0 		494,127
-------------
0 		0
-------------
0
2Susan C PresentCFO (i)

(ii)		 172,554
-------------
0 		15,000
-------------
0 		396
-------------
0 		3,921
-------------
0 		10,229
-------------
0 		202,100
-------------
0 		0
-------------
0
3Kristine BowmanExec. Dir. - Polo Dev. (i)

(ii)		 137,260
-------------
0 		10,000
-------------
0 		276
-------------
0 		4,118
-------------
0 		10,406
-------------
0 		162,060
-------------
0 		0
-------------
0
4Robert PuetzExec. Dir. - Services (i)

(ii)		 124,519
-------------
0 		15,000
-------------
0 		258
-------------
0 		0
-------------
0 		14,686
-------------
0 		154,463
-------------
0 		0
-------------
0
Schedule J (Form 990) 2015

Schedule J (Form 990) 2015
Page 3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.
Return Reference Explanation
Schedule J (Form 990) 2015
Additional Data


Software ID:  
Software Version:  
Schedule L
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Transactions with Interested Persons
MediumBullet Complete if the organization answered
"Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c,
or Form 990-EZ, Part V, line 38a or 40b.
MediumBullet Attach to Form 990 or Form 990-EZ.
MediumBulletInformation about Schedule L (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public Inspection
Name of the organization
United States Polo Association Inc
 
Employer identification number

36-3016024
Part I
Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and 501(c)(29) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.
1(a) Name of disqualified person (b) Relationship between disqualified person and organization (c) Description of transaction (d) Corrected?
Yes No
2
Enter the amount of tax incurred by organization managers or disqualified persons during the year under section 4958. ........................... Bullet Image$
 
3
Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ........ Bullet Image$
 

Part II
Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22
(a) Name of interested person (b) Relationship with organization (c) Purpose of loan (d) Loan to or from the organization? (e)Original principal amount (f)Balance due (g) In default? (h) Approved by board or committee? (i)Written agreement?
To From Yes No Yes No Yes No
Total ...............Small Bullet $  
Part III
Grants or Assistance Benefiting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of assistance (d) Type of assistance (e) Purpose of assistance
(1) Aspen Valley Polo Club LLC
  		Melissa Ganzi (Trustee) is over 35% owner of Aspen Valley Polo Club LLC. 3,000 Grant Polo Development Initiative
(2) Grand Champion Polo Club Palm Beach Inc
  		Melissa Ganzi (Trustee) is over 35% owner of Grand Champion Polo Club Palm 8,000 Grant Polo Development Initiative
(3) Haviland Hollow Polo Club LLC
  		Samuel Ramirez, Jr. (Trustee) is over 35% owner of Haviland Hollow Polo Clu 6,500 Grant Polo Development Initiative
(4) Jared Sheldon Family Member of Trustee of the Organization (Russell A. Sheldon). 6,500 Stipend Polo Development
(5) La Conner Polo Club
  		George R. Dill (Trustee) is over 35% owner of La Conner Polo Club. 7,055 Grant Polo Development Initiative and Umpire Initiative
(6) Pie Town Polo Club
  		Daniel Coleman (Trustee) is over 35% owner of Pie Town Polo Club. 1,100 Grant Umpire Initiative
(7) Port Mayaca Polo Club
  		Family member of Stephen A. Orthwein, Jr. (Trustee) is over 35% owner of P 2,900 Grant Umpire Initiative
(8) Stage Hill Polo School Inc
  		Peter F. Poor (Trustee) is over 35% owner of Stage Hill Polo School, Inc. 6,500 Grant Polo Development Initiative
(9) Steve Krueger Family Member of Trustee of the Organization (Chrys D. Beal). 5,000 Stipend Polo Development
(10) Virginia International Polo Club
  		Maureen Brennan (Trustee) is over 35% owner of Virginia International Polo 2,472 Grant Umpire Initiative
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990 or 990-EZ) 2015
Schedule L (Form 990 or 990-EZ) 2015
Page 2
Part IV
Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of transaction (d) Description of transaction (e) Sharing of organization's revenues?
Yes No
(1) Rizzo Management Corp
  		CEO of organization is VP of Rizzo Management Corp. 220,765 Purchase publishing services for the Polo Players' Edition monthly magazine   No
Part V
Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).
Return Reference Explanation
Sch L, Part III, Grants or Assistance Benefiting Interested Persons: (a) Name of Interested Person: Aspen Valley Polo Club LLC(b) Relationship Between Interested Person and the Organization: Melissa Ganzi (Trustee) is over 35% owner of Aspen Valley Polo Club LLC.(c) Amount of Assistance: $3,000(d) Type of Assistance: Grant(e) Purpose of Assistance: Polo Development Initiative(a) Name of Interested Person: Grand Champion Polo Club Palm Beach, Inc.(b) Relationship Between Interested Person and the Organization: Melissa Ganzi (Trustee) is over 35% owner of Grand Champion Polo Club Palm Beach, Inc.(c) Amount of Assistance: $8,000(d) Type of Assistance: Grant(e) Purpose of Assistance: Polo Development Initiative(a) Name of Interested Person: Haviland Hollow Polo Club LLC(b) Relationship Between Interested Person and the Organization: Samuel Ramirez, Jr. (Trustee) is over 35% owner of Haviland Hollow Polo Club LLC.(c) Amount of Assistance: $6,500(d) Type of Assistance: Grant(e) Purpose of Assistance: Polo Development Initiative(a) Name of Interested Person: Jared Sheldon(b) Relationship Between Interested Person and the Organization: Family Member of Trustee of the Organization (Russell A. Sheldon).(c) Amount of Assistance: $6,500(d) Type of Assistance: Stipend(e) Purpose of Assistance: Polo Development(a) Name of Interested Person: La Conner Polo Club(b) Relationship Between Interested Person and the Organization: George R. Dill (Trustee) is over 35% owner of La Conner PC.(c) Amount of Assistance: $7,055(d) Type of Assistance: Grant(e) Purpose of Assistance: Polo Development Initiative and Umpire Initiative(a) Name of Interested Person: Pie Town Polo Club(b) Relationship Between Interested Person and the Organization: Daniel Coleman (Trustee) is over 35% owner of Pie Town Polo Club.(c) Amount of Assistance: $1,100(d) Type of Assistance: Grant(e) Purpose of Assistance: Umpire Initiative(a) Name of Interested Person: Port Mayaca Polo Club(b) Relationship Between Interested Person and the Organization: Family member of Stephen A. Orthwein, Jr. (Trustee) is over 35% owner of Port Mayaca Polo Club.(c) Amount of Assistance: $2,900(d) Type of Assistance: Grant(e) Purpose of Assistance: Umpire Initiative(a) Name of Interested Person: Stage Hill Polo School, Inc.(b) Relationship Between Interested Person and the Organization: Peter F. Poor (Trustee) is over 35% owner of Stage Hill Polo School, Inc.(c) Amount of Assistance: $6,500(d) Type of Assistance: Grant(e) Purpose of Assistance: Polo Development Initiative(a) Name of Interested Person: Steve Krueger(b) Relationship Between Interested Person and the Organization: Family Member of Trustee of the Organization (Chrys D. Beal).(c) Amount of Assistance: $5,000(d) Type of Assistance: Stipend(e) Purpose of Assistance: Polo Development(a) Name of Interested Person: Virginia International Polo Club(b) Relationship Between Interested Person and the Organization: Maureen Brennan (Trustee) is over 35% owner of Virginia International Polo Club.(c) Amount of Assistance: $2,472(d) Type of Assistance: Grant(e) Purpose of Assistance: Umpire Initiative
Sch L, Part IV, Business Transactions Involving Interested Persons: (a) Name of Interested Person: Rizzo Management Corp.(b) Relationship Between Interested Person and the Organization:CEO of Organization is VP of Rizzo Management Corp.(c) Amount of Transaction: $220,765(d) Description of Transaction: Purchase publishing services for the Polo Players' edition monthly magazine.(e) Sharing of Organization's Revenues: No
Schedule L (Form 990 or 990-EZ) 2015


Additional Data


Software ID:  
Software Version:  




SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public
Inspection
Name of the organization
United States Polo Association Inc
 
Employer identification number

36-3016024
Return Reference Explanation
Form 990, Part VI, Section A, line 1 In accordance with Article II of the USPA Constitution, the USPA Executive Committee is to be delegated the powers and duties derived from the authority of the USPA Board of Governors, except the authority to make or alter the Constitution, by-laws or rules. These powers and duties will include the oversight of the day-to-day operational business of the Association, including the management of the USPA Staff and Annual Budget that has been approved by the Board. The resolution may be renewed annually. The Board of Governors will be informed of all actions taken by the Executive Committee, reported by forwarded minutes of all Executive Committee meetings or teleconferences. All Executive Committee actions will be forwarded to the Board of Governors and ratified at the next meeting of the Board of Governors.
Form 990, Part VI, Section A, line 2 Robert P. Jornayvaz, III, Trustee, and Paul Jornayvaz, Trustee, have a family relationship.
Form 990, Part VI, Section A, line 6 Members include U.S. players, affiliate players, junior players, collegiate players, associate members, and member polo clubs.
Form 990, Part VI, Section A, line 7a Circuit Governors - The active member clubs in each Circuit, by vote of their delegates, will elect a Circuit Governor for a two-year term who will represent the Circuit in its relations with the Association. Governors-at-large shall be elected by the vote of registered players for a two-year term.
Form 990, Part VI, Section B, line 11 The return is reviewed by the CEO, CFO, and Executive Committee (who represent the Board) before filing and is available to board members.
Form 990, Part VI, Section B, line 12c USPA finalized and approved a detailed Conflict of Interest Policy in year 2015, a process which began in year 2014. The Conflict of Interest Policy is applicable to any interested person, which is any USPA officer, employee, governor, lieutenant governor, committee member or chair, and volunteer. The Organization's Board members signed a Board oath which included a statement regarding potential conflicts of interest. Any interested person has a duty to disclose financial conflicts of interest. Financial conflicts of interest will first be disclosed to the CFO in the Disclosure Statement, then to the Audit Committee if necessary, and finally to the Board of Governors, if necessary. An interested person must disclose any perceived and actual conflict of interest of another interested person to the Audit Committee and, when deemed necessary, to the Board of Governors. The Audit Committee reviews these reports and determines their validity. There were no conflicts of interests in 2015 requiring formal action by USPA.
Form 990, Part VI, Section B, line 15 In determining the compensation of the organization's CEO, the process, performed by the United States Polo Association, Inc., included a review and approval by independent persons, comparability data and contemporaneous substantiation of the deliberation and decision. The Board and Staff Committee reviews the information and prepares the recommendation which is then approved by the Board of Governors. In the review of the compensation, the CEO was compared to individuals at other organizations in the area who hold the same title. During the review and approval of the compensation, documentation of the decision was recorded in the committee minutes. The individual was not present when his compensation was decided. In determining compensation of other officers or key employees of the organization, the process, performed by the United States Polo Association, Inc., included a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision. The Board and Staff Committee reviews the information and prepares the recommendation which is then approved by the Board of Governors. In the review of the compensation, the other officers or key employees of the organization were compared to individuals at other organizations in the area who hold the same title. During the review and approval of the compensation, documentation of the decision was recorded in the committee minutes.
Form 990, Part VI, Section C, line 19 The Organization's governing documents are available upon request.
Form 990, Part VI, Section B, Line 14: The Organization has a document retention and destruction policy. However, since this policy is administrative, there is no need for Board approval.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2015


Additional Data


Software ID:  
Software Version:  
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
MediumBulletComplete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBulletAttach to Form 990.
MediumBullet Information about Schedule R (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047
2015
Open to Public Inspection
Name of the organization
United States Polo Association Inc
 
Employer identification number

36-3016024
Part I
Identification of Disregarded Entities Complete if the organization answered "Yes" on Form 990, Part IV, line 33.
(a)
Name, address, and EIN (if applicable) of disregarded entity


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Total income


 		(e)
End-of-year assets


 		(f)
Direct controlling
entity
(1) USPA Umpires LLC
12300 South Shore Blvd 218
Wellington,FL33414
45-3789031 		Polo umpiring, including certification and setting of standards FL 1,044,813 314,387 United States Polo Association Inc
 
(2) USPA Marketing LLC
12300 South Shore Blvd 218
Wellington,FL33414
90-0902831 		Marketing and branding of the sport FL 349,360 462,919 United States Polo Association Inc
 
(3) USPA Polo Development LLC
12300 South Shore Blvd 218
Wellington,FL33414
37-1743330 		Development of players and managers FL 160,366 249,269 United States Polo Association Inc
 






Part II
Identification of Related Tax-Exempt Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.
(a)
Name, address, and EIN of related organization


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section


 		(e)
Public charity status
(if section 501(c)(3))

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled entity?
Yes No
(1)American International Polo Foundation
12300 South Shore Blvd 218

Wellington,FL33414
37-1401344 		Promote/Educate Polo Internationally IL 501(c)(3) Schedule A, Line 9 N/A
 
No












For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2015
Schedule R (Form 990) 2015
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



 		(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




 		(i)
Code V-UBI
amount in box 20 of
Schedule K-1
(Form 1065)
 		(j)
General or
managing
partner?



 		(k)
Percentage
ownership
Yes No Yes No












Part IV
Identification of Related Organizations Taxable as a Corporation or Trust Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.
(a)
Name, address, and EIN of
related organization
 		(b)
Primary activity
 		(c)
Legal
domicile
(state or foreign
country)
 		(d)
Direct controlling
entity
 		(e)
Type of entity
(C corp, S corp,
or trust) 		(f)
Share of total income
 		(g)
Share of end-of-year
assets
 		(h)
Percentage
ownership
 		(i)
Section 512(b)(13) controlled entity?
Yes No
(1) USPA Global Licensing Inc

1400 Centrepark Blvd Ste 200
West Palm Beach,FL33401
36-3280427 		Trademark Agreements IL United States Polo Association Inc
  		C 17,428,331 16,125,092 100.000 % Yes  












Schedule R (Form 990) 2015
Schedule R (Form 990) 2015
Page 3
Part V
Transactions With Related Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.
Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................
1a
Yes
 
b Gift, grant, or capital contribution to related organization(s) ............................
1b
 
No
c Gift, grant, or capital contribution from related organization(s) ............................
1c
 
No
d Loans or loan guarantees to or for related organization(s) ............................
1d
 
No
e Loans or loan guarantees by related organization(s) ............................
1e
 
No
f Dividends from related organization(s) ............................
1f
Yes
 
g Sale of assets to related organization(s) ............................
1g
 
No
h Purchase of assets from related organization(s) ............................
1h
 
No
i Exchange of assets with related organization(s) ............................
1i
 
No
j Lease of facilities, equipment, or other assets to related organization(s) .......................
1j
 
No
k Lease of facilities, equipment, or other assets from related organization(s) ......................
1k
 
No
l Performance of services or membership or fundraising solicitations for related organization(s) .....................
1l
 
No
m Performance of services or membership or fundraising solicitations by related organization(s) .................
1m
 
No
n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................
1n
 
No
o Sharing of paid employees with related organization(s) ............................
1o
 
No
p Reimbursement paid to related organization(s) for expenses ............................
1p
 
No
q Reimbursement paid by related organization(s) for expenses ............................
1q
 
No
r Other transfer of cash or property to related organization(s) ............................
1r
 
No
s Other transfer of cash or property from related organization(s) ............................
1s
 
No
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of related organization 		(b)
Transaction
type (a-s) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1) USPA Global Licensing Inc

 A 17,428,331 Amount Received
(2) USPA Global Licensing Inc

 F 3,600,000 Amount Received




Schedule R (Form 990) 2015
Schedule R (Form 990) 2015
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 37.
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity 		(b)
Primary activity 		(c)
Legal domicile
(state or foreign
country) 		(d)
Predominant income (related, unrelated, excluded from tax under sections 512-514)

(e)
Are all partners
section
501(c)(3)
organizations? 		(f)
Share of total income




 		(g)
Share of
end-of-year
assets 		(h)
Disproprtionate allocations? 		(i)
Code V-UBI
amount in box 20
of Schedule K-1
(Form 1065) 		(j)
General or
managing
partner? 		(k)
Percentage
ownership
Yes No Yes No Yes No






























Schedule R (Form 990) 2015
Schedule R (Form 990) 2015
Page 5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R (see instructions).
Return Reference Explanation
Schedule R (Form 990) 2015

Additional Data


Software ID:  
Software Version: