Form990


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)
Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
A For the 2023 calendar year, or tax year beginning 01-01-2023 , and ending 12-31-2023
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)
12012 SOUTH SHORE BLVD 102
 
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 $ 65,947,080
F Name and address of principal officer:
STACEY BELL
12012 SOUTH SHORE BLVD 102
WELLINGTON,FL33414
I
Tax-exempt status: ( 6 ) (insert no.) or
J
Website:
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  
K Form of organization:  
L Year of formation: 1890
M State of legal domicile: IL
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
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 27
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 17
5 Total number of individuals employed in calendar year 2023 (Part V, line 2a) ...... 5 132
6 Total number of volunteers (estimate if necessary) ............. 6 100
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 106,498
b Net unrelated business taxable income from Form 990-T, Part I, line 11 ......... 7b 12,620
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 360,874 30,000
9 Program service revenue (Part VIII, line 2g) ......... 3,207,752 6,436,524
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 17,590,111 12,578,942
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 25,759,835 28,594,404
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12) 46,918,572 47,639,870
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 2,831,437 3,082,252
14 Benefits paid to or for members (Part IX, column (A), line 4)..... 124,847 131,441
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 5,306,516 6,614,348
16a Professional fundraising fees (Part IX, column (A), line 11e) ..... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) 0    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 21,312,259 20,509,134
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 29,575,059 30,337,175
19 Revenue less expenses. Subtract line 18 from line 12....... 17,343,513 17,302,695
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 309,726,880 335,328,764
21 Total liabilities (Part X, line 26)............. 73,472,495 72,626,943
22 Net assets or fund balances. Subtract line 21 from line 20..... 236,254,385 262,701,821
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
Signature of officer Date
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's signature
Date
PTIN
Firm's name

Firm's EIN
Firm's address



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 (2023)
Form 990 (2023)
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: THE ASSOCIATION HAS BEEN ORGANIZED AND EXISTS FOR THE PURPOSES OF PROMOTING THE GAME OF POLO WITH AN OVERARCHING GOAL OF IMPROVING THE SPORT, COORDINATING THE ACTIVITIES OF ITS MEMBER CLUBS AND REGISTERED PLAYERS, ARRANGING, ALLOCATING, AND SUPERVISING POLO TOURNAMENTS, COMPETITIONS AND GAMES AND PROVIDING RULES, HANDICAPS AND CONDITIONS FOR THOSE TOURNAMENTS, COMPETITIONS AND GAMES, INCLUDING THE SAFETY AND WELFARE OF PARTICIPANTS AND MOUNTS.
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 UMPIRES LLC PROGRAM IS DEDICATED TO SUPPORTING ALL ASPECTS OF UMPIRE SERVICES AND PROGRAMS WITHIN THE UNITED STATES POLO ASSOCIATION. THIS INCLUDES THE TRAINING AND CERTIFICATION OF ALL UMPIRES, ENSURING CONSISTENT AND ACCURATE RULES INTERPRETATION ON THE FIELD. THE PROGRAM ALSO FOCUSES ON EDUCATING PLAYERS REGARDING THE RULES AND ANY UPDATES TO THEM, AS WELL AS PROVIDING SUPPORT TO PROFESSIONAL UMPIRES. THE UMPIRES LLC ASPIRES TO CREATE A SAFE, RULES DRIVEN ENVIRONMENT AT EVERY CLUB IT SERVES, WITH THE GOALS OF ACHIEVING RESPECT FOR THE GAME AND TREATING ALL PARTICIPANTS FAIRLY.
4b (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
COMMUNICATIONS PROGRAM - THE USPA COMMUNICATIONS PROGRAM IS DEDICATED TO ADVANCING THE SPORT OF POLO BY DELIVERING INNOVATIVE, INTEGRATED COMMUNICATION STRATEGIES THAT ENGAGE MEMBERS, MEMBER CLUBS, AND THE WIDER PUBLIC. THE PROGRAM LEVERAGES DIGITAL, SOCIAL, AND PRINT MEDIA ALONG WITH STRATEGIC MARKETING, TOURNAMENT PROMOTION, AND PUBLIC RELATIONS TO ELEVATE THE PROFILE OF THE SPORT. ITS RESPONSIBILITIES ALSO INCLUDE MANAGING THE USPA POLO NETWORK, PRODUCING LIVESTREAMS, AND CREATING COMPELLING VIDEO CONTENT, ALL DESIGNED TO SHOWCASE THE VIBRANT WORLD OF POLO. ADDITIONALLY, THROUGH THE PUBLICATION OF THE POLO MAGAZINE, THE PROGRAM STRIVES TO INFORM, INSPIRE, AND CONNECT THE MEMBERSHIP WHILE PRESERVING THE SPORT FOR THE NEXT GENERATION.
4c (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
MEMBER SERVICES PROGRAM- THE USPA SERVICES PROGRAM SUPPORTS ALL ASPECTS OF MEMBER SERVICES AND PROGRAMS WITHIN THE UNITED STATES POLO ASSOCIATION; PROVIDING A POSITIVE MEMBER EXPERIENCE FOR THE PURPOSE OF INCREASING MEMBERSHIP TO PROMOTE THE GROWTH OF THE SPORT OF POLO; TOURNAMENT SUPPORT FOR ALL LEVELS OF PLAYERS; MEMBER PUBLICATIONS INCLUDE THE ANNUAL RULE BOOK AND YEAR BOOK WHICH ARE PROVIDED TO ENHANCE THE MEMBERSHIP UNDERSTANDING OF THE RULES OF THE SPORT OF POLO.TOURNAMENT STIMULUS PACKAGE- IN MARCH 2020, THE WORLD HEALTH ORGANIZATION DECLARED A GLOBAL PANDEMIC RELATED TO THE OUTBREAK OF A RESPIRATORY ILLNESS CAUSED BY THE CORONAVIRUS, COVID-19. THE SPREAD OF THIS VIRUS HAS IMPACTED THE UNITED STATES AND OTHER GLOBAL FINANCIAL AND RETAIL MARKETS. THE VIRUS CAUSED BUSINESS DISRUPTION. IN RESPONSE TO THE POLO SUSPENSION FIRST ENACTED IN MARCH 2020, USPA REALLOCATED FINANCIAL RESOURCES AND DEVELOPED USPA COVID-19 RELIEF PACKAGES TO HELP ALLEVIATE THE FINANCIAL STRAIN PLACED ON THE SPORT AND THE POLO COMMUNITY. COVID RELIEF PACKAGES ENDED DURING 2022, EXCEPT FOR THE TOURNAMENT STIMULUS PROGRAM (TSP). THE USPA EXTENDED AND EXPANDED THE TSP PROGRAM UNDER A NEW NAME- THE TOURNAMENT SUPPORT PROGRAM AS USPA RECOGNIZES THE NEED TO CONTINUE TO SUPPORT MEMBER CLUBS.
(Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
POLO DEVELOPMENT PROGRAM- DEVELOP, INSTITUTE AND MANAGE USPA PROGRAMS THAT DRIVE THE GROWTH OF POLO THROUGH EDUCATION, DEVELOPMENT, AND ASSISTANCE, THEREBY FORTIFYING CLUBS AND MEMBERSHIP. THIS INCLUDES THE DEVELOPMENT OF PLAYERS OF ALL AGES, COORDINATING YOUTH TOURNAMENTS, AND ADMINISTERING POLO DEVELOPMENT INITIATIVE ("PDI') GRANTS TO CLUBS.
4d Other program services (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expenses  
Form 990 (2023)
Form 990 (2023)
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. Click to see attachment
List of Attached Documents:
// Content
...
2
Yes
 
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 Rev. Proc. 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
List of Attached Documents:
// Content
.........................
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
List of Attached Documents:
// Content
....
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes,"
complete Schedule D, Part IIIClick to see attachment
List of Attached Documents:
// Content
..............
8
Yes
 
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
List of Attached Documents:
// Content
..............
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 V......
10
Yes
 
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
List of Attached Documents:
// Content
...................
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
List of Attached Documents:
// Content
.......
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
List of Attached Documents:
// Content
.......
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
List of Attached Documents:
// Content
............
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
List of Attached Documents:
// Content
11e
Yes
 
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
List of Attached Documents:
// Content
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year? If "Yes," complete
Schedule D, Parts XI and XIIClick to see attachment
List of Attached Documents:
// Content
......................
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
List of Attached Documents:
// Content
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
List of Attached Documents:
// Content
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
List of Attached Documents:
// Content
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
List of Attached Documents:
// Content
16
Yes
 
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
 
 
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
List of Attached Documents:
// Content
21
Yes
 
Form 990 (2023)
Form 990 (2023)
Page 4
Part IV
Checklist of Required Schedules (continued)
Yes
No
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
List of Attached Documents:
// Content
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
List of Attached Documents:
// Content
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 or 22 for receivables from or payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part IIClick to see attachment
List of Attached Documents:
// Content
...........
26
 
No
27
Did the organization provide a grant or other assistance to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or employee thereof, a grant selection committee member, or to a 35% controlled entity (including an employee thereof) or family member of any of these persons?
If "Yes," complete
Schedule L, Part IIIClick to see attachment
List of Attached Documents:
// Content
.........................
27
Yes
 
28
Was the organization a party to a business transaction with one of the following parties (see the Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, key employee, creator or founder, or substantial contributor? If "Yes," complete Schedule L, Part IV......................Click to see attachment
List of Attached Documents:
// Content
28a
 
No
b
A family member of any individual described in line 28a? If "Yes," complete Schedule L, Part IV.....Click to see attachment
List of Attached Documents:
// Content
28b
 
No
c
A 35% controlled entity of one or more individuals and/or organizations described in line 28a or 28b? If "Yes," complete Schedule L, Part IV.....................
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
List of Attached Documents:
// Content
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
List of Attached Documents:
// Content
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
List of Attached Documents:
// Content
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
List of Attached Documents:
// Content
37
 
No
38
Did the organization complete Schedule O and provide explanations on Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
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
434
b
Enter the number of Forms W-2G included on 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
 
Form 990 (2023)
Form 990 (2023)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance (continued)
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
132
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
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:
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
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
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
 
 
15
Is the organization subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or excess parachute payment(s) during the year? ....................
If "Yes," see the instructions and file Form 4720, Schedule N.
15
 
No
16
Is the organization an educational institution subject to the section 4968 excise tax on net investment income? ..
If "Yes," complete Form 4720, Schedule O.
16
 
No
17
Section 501(c)(21) organizations. Did the trust, or any disqualified or other person engage in any activities that would result in the imposition of an excise tax under section 4951, 4952, or 4953? ..
If "Yes," complete Form 6069.
17
 
 
Form 990 (2023)
Form 990 (2023)
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
27
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
17
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
 
No
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
Yes
 
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 on 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 on Schedule O how this was done...................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
Yes
 
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
 
No
If "Yes" to line 15a or 15b, describe the process on 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 filed
CA
18
Section 6104 requires an organization to make its Form 1023 (1024 or 1024-A, if applicable), 990, and 990-T (section 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:
STACEY BELL CFO9011 LAKE WORTH ROAD   LAKE WORTH,FL33467 (800) 232-8772
Form 990 (2023)
Form 990 (2023)
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 the 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, box 6 of Form 1099-MISC, and/or box 1 of Form 1099-NEC) 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.

See the instructions for the order in which to list the persons above.
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/1099-NEC) 		(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC) 		(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) ROBIN SANCHEZ......................................................................
TRUSTEE
 2.00
.................
0.00 		X           76,500 0 0
(2) HALEY BRYAN......................................................................
TRUSTEE
 2.00
.................
0.00 		X           60,482 0 0
(3) CYNTHIA HALLE......................................................................
TRUSTEE
 2.00
.................
0.00 		X           9,400 0 0
(4) ANTHONY L COPPOLA......................................................................
TRUSTEE
 10.00
.................
0.50 		X           9,010 0 0
(5) JORGE VASQUEZ......................................................................
TRUSTEE
 2.00
.................
0.00 		X           1,000 0 0
(6) CHARLES SMITH......................................................................
PRESIDENT
 10.00
.................
1.00 		X   X       0 0 0
(7) CHRYS BEAL......................................................................
SECRETARY
 2.00
.................
0.50 		X   X       0 0 0
(8) STEVEN RUDOLPH......................................................................
TREASURER
 10.00
.................
0.00 		X   X       0 0 0
(9) STEWART ARMSTRONG......................................................................
CHAIRMAN
 10.00
.................
0.20 		X   X       0 0 0
(10) BILL KIRTON......................................................................
TRUSTEE
 10.00
.................
0.00 		X           0 0 0
(11) CECELIA COCHRAN......................................................................
TRUSTEE
 2.00
.................
0.00 		X           0 0 0
(12) CLIFTON YANDELL......................................................................
TRUSTEE
 2.00
.................
0.00 		X           0 0 0
(13) DANIEL K WALKER......................................................................
TRUSTEE
 2.00
.................
0.00 		X           0 0 0
(14) ERICA GANDOMCAR-SACHS......................................................................
TRUSTEE
 2.00
.................
0.00 		X           0 0 0
(15) JOSEPH MULDOON......................................................................
TRUSTEE
 2.00
.................
0.00 		X           0 0 0
(16) JULIO ARELLANO......................................................................
TRUSTEE
 2.00
.................
0.00 		X           0 0 0
(17) LEIGHTON JORDAN......................................................................
TRUSTEE
 2.00
.................
0.00 		X           0 0 0
Form 990 (2023)
Form 990 (2023)
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/1099-NEC) 		(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC) 		(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) LIZ BRAYBOY........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(19) MICHAEL CARNEY........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(20) DR MICHAEL MANNO........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(21) PAUL JORNAYVAZ........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(22) PETER RIZZO........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(23) ROBERT ORTHWEIN........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(24) SHERYL SICK........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(25) STEPHEN A ORTHWEIN JR........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(26) THOMAS GOSE........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(27) WILLIAM RAAB........................................................................
TRUSTEE
 2.00
.......................0.00 		X           0 0 0
(28) CHRIS GREEN........................................................................
COO & GENERAL COUNSEL
 40.00
.......................0.00 		    X       532,251 0 23,412
(29) SUSAN C PRESENT........................................................................
CFO
 40.00
.......................0.00 		    X       313,320 0 24,568
(30) FERGUS GOULD........................................................................
EXEC. DIR.- UMPIRES LLC
 40.00
.......................0.00 		        X   244,543 0 45,358
(31) CARLOS R DE ARELLANO II........................................................................
EXEC. DIR. - MEMBER SERVICES
 40.00
.......................0.00 		        X   232,545 0 44,876
(32) KELLY VANDERWERFF........................................................................
CONTROLLER
 40.00
.......................0.00 		        X   197,794 0 32,997
(33) JUSTIN POWERS........................................................................
EXEC. DIR. - POLO DEVELOPMENT LLC
 40.00
.......................0.00 		        X   187,993 0 20,690
(34) MATT BARAN........................................................................
EXEC. DIR.- COMMUNICATIONS
 40.00
.......................0.00 		        X   149,903 0 19,167
1b Sub-Total..............
c Total from continuation sheets to Part VII, Section A..
d Total (add lines 1b and 1c)......... 2,014,741 0 211,068
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 14
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
INTERNATIONAL POLO LIMITED

2 KINGFISHER BUSINESS PARK C/O NHM
REDDITCH   B98 8LG
UK 		FILM AND PRODUCTION SERVICES 728,114
H & J CONTRACTING INC

3160 FAIRLANE FARMS ROAD
WELLINGTON,FL33414 		GENERAL CONTRACTOR ON MULTIPLE PROJECTS 475,818
5 STAR BUILDERS INC OF WPB

3180 FAIRLANE FARMS ROAD SUITE 2
WELLINGTON,FL33414 		GENERAL CONTRACTOR ON MULTIPLE PROJECTS 376,345
INTERNATIONAL POLO ACADEMY LTD

2 KINGFISHER BUSINESS PARK C/O NHM
REDDITCH   B98 8LG
UK 		CONSULTANT & DEVELOPMENT 371,816
POLO CHANNEL LLC DBA RUNNING IRON CREATI

6900 SOUTH PLATTE CANYON ROAD
LITTLETON,CO80128 		VIDEO PRODUCTION 279,000
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 21
Form 990 (2023)
Form 990 (2023)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII.............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512 - 514
Contributions, Gifts, Grants, and OtherAmt Similar Amounts 1a Federated campaigns..1a  
b Membership dues..1b  
c Fundraising events..1c  
d Related organizations1d  
e Government grants (contributions)1e  
f All other contributions, gifts, grants, and similar amounts not included above1f 30,000
g Noncash contributions included in lines 1a - 1f:$ 1g  
h Total. Add lines 1a-1f....... 30,000
Program Service RevenueAmt Business Code
2a TOURNAMENTS 711300 3,001,189 3,001,189    
b UMPIRING 711300 1,820,855 1,820,855    
c MEMBERSHIP DUES 711300 906,125 906,125    
d MEDIA RIGHTS 711300 100,000 100,000    
e MAGAZINE FEES 711300 49,181 9,189 39,992  
f All other program service revenue. 559,174 492,668 66,506  
g Total. Add lines 2a–2f ..... 6,436,524
OtherAmtRevenueAmt 3 Investment income (including dividends, interest, and othersimilar amounts) ...... 9,667,750     9,667,750
4 Income from investment of tax-exempt bond proceeds        
5 Royalties........... 28,070,765     28,070,765
(i) Real (ii) Personal
6a Gross rents 6a    
b Less: rental expenses 6b    
c Rental income or (loss) 6c    
d Net rental income or (loss).......        
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 7a 21,218,402  
b Less: cost or other basis and sales expenses 7b 18,307,210  
c Gain or (loss) 7c 2,911,192  
d Net gain or (loss)......... 2,911,192     2,911,192
8a Gross income from fundraising events (not including $   of contributions reported on line 1c). See Part IV, line 18 ....
8a  
b Less: direct expenses ... 8b  
c Net income or (loss) from fundraising events..      
9a Gross income from gaming activities.
See Part IV, line 19 ...
9a  
b Less: direct expenses ... 9b  
c Net income or (loss) from gaming activities..        
10a Gross sales of inventory, less
returns and allowances ..
10a  
b Less: cost of goods sold .. 10b  
c Net income or (loss) from sales of inventory..        
OtherRevenueMiscAmt
Business Code
11a FIELD LEASE INCOME 532000 523,639 523,639    
b            
c            
d All other revenue ....        
e Total. Add lines 11a–11d ...... 523,639
12 Total revenue. See instructions..... 47,639,870 6,853,665 106,498 40,649,707
Form 990 (2023)
Form 990 (2023)
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 .... 2,183,111  
2 Grants and other assistance to domestic individuals. See Part IV, line 22 ........... 444,793  
3 Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. ............. 454,348  
4 Benefits paid to or for members ....... 131,441  
5 Compensation of current officers, directors, trustees, and key employees ........... 888,367      
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........ 4,419,800      
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 112,301      
9 Other employee benefits ....... 793,475      
10 Payroll taxes ........... 400,405      
11 Fees for services (non-employees):        
a Management ......        
b Legal ......... 282,344      
c Accounting ........... 103,191      
d Lobbying ...........        
e Professional fundraising services. See Part IV, line 17    
f Investment management fees ...... 225,478      
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) 796,087      
12 Advertising and promotion ....        
13 Office expenses ....... 125,281      
14 Information technology ...... 92,313      
15 Royalties ..        
16 Occupancy ........... 126,946      
17 Travel ............ 454,281      
18 Payments of travel or entertainment expenses for any federal, state, or local public officials .        
19 Conferences, conventions, and meetings .... 307,303      
20 Interest ........... 2,739,599      
21 Payments to affiliates .......        
22 Depreciation, depletion, and amortization .. 1,928,025      
23 Insurance ... 1,468,473      
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 UMPIRING EXPENSES 3,997,807      
b GROUNDS AND FACILITIES 2,678,441      
c COMMUNICATIONS 1,350,123      
d POLO DEVELOPMENT 1,178,943      
e All other expenses 2,654,499      
25 Total functional expenses. Add lines 1 through 24e 30,337,175      
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 if following SOP 98-2 (ASC 958-720).        
Form 990 (2023)
Form 990 (2023)
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 ........ 2,677,991 1 1,236,072
2 Savings and temporary cash investments ......... 13,268,091 2 13,282,459
3 Pledges and grants receivable, net ......   3  
4 Accounts receivable, net ............. 7,983,006 4 13,400,992
5 Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
  5  
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
  6  
7 Notes and loans receivable, net ...........   7  
8 Inventories for sale or use ............   8  
9 Prepaid expenses and deferred charges ...... 1,063,868 9 1,298,573
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 97,045,578
b Less: accumulated depreciation 10b 1,590,818 95,206,722 10c 95,454,760
11 Investments—publicly traded securities . 131,717,998 11 149,991,047
12 Investments—other securities. See Part IV, line 11 ..... 47,499,567 12 51,335,077
13 Investments—program-related. See Part IV, line 11 ..   13  
14 Intangible assets ............... 10,236,882 14 9,290,364
15 Other assets. See Part IV, line 11 ........... 72,755 15 39,420
16 Total assets. Add lines 1 through 15 (must equal line 33)... 309,726,880 16 335,328,764
Liabilities 17 Accounts payable and accrued expenses ..... 1,896,997 17 2,543,371
18 Grants payable ...   18  
19 Deferred revenue ......... 2,519,269 19 2,410,554
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 any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
  22  
23 Secured mortgages and notes payable to unrelated third parties .. 68,539,927 23 67,452,350
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 516,302 25 220,668
26 Total liabilities. Add lines 17 through 25.. 73,472,495 26 72,626,943
Net Assets or Fund Balance Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27 Net assets without donor restrictions .......... 236,254,385 27 262,701,821
28 Net assets with donor restrictions ...........   28  
Organizations that do not follow FASB ASC 958, check here right arrow and complete lines 29 through 33.
29 Capital stock or trust principal, or current funds .....   29  
30 Paid-in or capital surplus, or land, building or equipment fund ...   30  
31 Retained earnings, endowment, accumulated income, or other funds   31  
32 Total net assets or fund balances ........... 236,254,385 32 262,701,821
33 Total liabilities and net assets/fund balances ........ 309,726,880 33 335,328,764
Form 990 (2023)
Form 990 (2023)
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
47,639,870
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
30,337,175
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
17,302,695
4
Net assets or fund balances at beginning of year (must equal Part X, line 32, column (A)) ..
4
236,254,385
5
Net unrealized gains (losses) on investments ...............
5
9,144,741
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 32, column (B))
10
262,701,821
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 on
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 Uniform Guidance, 2 C.F.R. Part 200, Subpart F?
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 (2023)
Form 990 (2023)
Additional Data


Software ID:  
Software Version:  
Form 990, Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
UNITED STATES POLO ASSOCIATION INC
 
Employer identification number

36-3016024
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
UNITED STATES POLO ASSOCIATION INC
  		Employer identification number
36-3016024
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
RESTRICTED
 
 
 
 
  ,    

$ RESTRICTED


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
UNITED STATES POLO ASSOCIATION INC
  		Employer identification number

36-3016024
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
UNITED STATES POLO ASSOCIATION INC
  		Employer identification number

36-3016024
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


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SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
right arrow 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.
right arrow Attach to Form 990.
right arrow Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2022
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 July 25, 2006, 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 right arrow  
4
Number of states where property subject to conservation easement is located right arrow  
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
right arrow  
7
Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
right arrow $  
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 FASB 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 FASB 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 .........................right arrow $  
(ii)
Assets included in Form 990, Part X ...............................right arrow $  
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 FASB ASC 958 relating to these items:
a
Revenue included on Form 990, Part VIII, line 1 ..........................right arrow $  
b
Assets included in Form 990, Part X ...............................right arrow $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) 2022

Schedule D (Form 990) 2022
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 .... 149,740,542 214,004,205 188,474,775 172,494,275 139,015,483
b Contributions ...     3,000,000 1,000,000 1,175,000
c Net investment earnings, gains, and losses 45,962,671 -863,663 38,029,430 28,180,500 44,303,792
d Grants or scholarships ...          
e Other expenditures for facilities
and programs ... 		26,300,000 63,400,000 15,500,000 13,200,000 12,000,000
f Administrative expenses ....          
g End of year balance ...... 169,403,213 149,740,542 214,004,205 188,474,775 172,494,275
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment right arrow100.000 %
b
Permanent endowment right arrow  
c
Term endowment right arrow  
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)
 
No
(ii) Related organizations .................
3a(ii)
 
No
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 .....   89,158,301 89,158,301
b Buildings ....   6,547,723 1,118,294 5,429,429
c Leasehold improvements   40,878 27,322 13,556
d Equipment ....   1,028,357 351,425 676,932
e Other .....   270,319 93,777 176,542
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..right arrow 95,454,760
Schedule D (Form 990) 2022

Schedule D (Form 990) 2022
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........ 51,335,077 C
(3)Other
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)right arrow 51,335,077
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.)right arrow  
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.)...........right arrow  
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  
OPERATING LEASE LIABILITY 39,420
BOX SEAT WAIVER 181,248







Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)right arrow 220,668
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) 2022

Schedule D (Form 990) 2022
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 III, LINE 1A: THE USPA MAINTAINS A COLLECTION OF VALUABLE TROPHIES WITH AN APPRAISED VALUE OF APPROXIMATELY $500,000 THAT ARE ON DISPLAY AT THE MUSEUM OF POLO AND HALL OF FAME AND OTHER LOCATIONS. THE VALUE OF THIS COLLECTION HAS BEEN EXCLUDED FROM THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. MANAGEMENT HAS ELECTED TO EXPENSE ALL COSTS RELATED TO THE COLLECTIONS, INCLUDING THE COST TO REFURBISH THESE ASSETS, IN THE PERIOD THESE EXPENSES ARE INCURRED. DURING THE YEARS ENDED DECEMBER 31, 2023 AND 2022, THE AMOUNTS EXPENSED FOR COLLECTIONS WERE NOT MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS.
PART III, LINE 4: THE UNITED STATES POLO ASSOCIATION (USPA) MAINTAINS A COLLECTION OF VALUABLE TROPHIES THAT ARE ON DISPLAY THAT CELEBRATE SUCCESS IN COMPETITIONS ALIGNED WITH THE USPA'S MISSION.
PART V, LINE 4: THE PURPOSE OF THE USPA INVESTMENT FUND IS TO PROVIDE ANNUAL INCOME FOR THE MANAGEMENT AND OPERATIONS OF USPA IN LIEU OF SUBSTANTIALLY RAISING ANNUAL DUES FOR MEMBER CLUBS AND INDIVIDUAL MEMBERS, AS WELL AS TO PROVIDE SUPPORT FOR THE MANAGEMENT AND OPERATIONS OF USPA IN THE INSTANCE OF AN UNFORESEEN, CATASTROPHIC EVENT AFFECTING USPA'S MISSION OF PROMOTING, SUPPORTING, AND DEVELOPING THE SPORT OF POLO.
PART X, LINE 2: INCOME TAXES- THE COMPANY 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 THE UMPIRES LLC, POLO DEVELOPMENT LLC, NPC POLO OPERATIONS, AND SUNDAY FIELD LLC ARE REPORTED WITH USPA'S INCOME AS THESE LIMITED LIABILITY COMPANIES ARE CONSIDERED DISREGARDED ENTITIES FOR INCOME TAX PURPOSES. AIPF IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND FILES ITS OWN TAX RETURN. FOR USPAGL AND NPC HOSPITALITY, INCOME TAXES ARE PROVIDED FOR THE TAX EFFECTS OF TRANSACTIONS REPORTED IN THE CONSOLIDATED 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 SEVERAL 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. USPAGL AND NPC HOSPITALITY EVALUATE WHETHER THE TAX POSITIONS TAKEN BY USPAGL AND NPC HOSPITALITY WILL MORE LIKELY THAN NOT (GREATER THAN 50%) BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAX AUTHORITY. AS OF DECEMBER 31, 2023 AND 2022, USPAGL AND NPC HOSPITALITY HAVE RECORDED NO LIABILITY FOR THE TAX POSITIONS TAKEN. TAX YEARS THAT ARE OPEN INCLUDE THE YEARS FROM 2021 TO 2023.
Schedule D (Form 990) 2022


Additional Data


Software ID:  
Software Version:  




SCHEDULE F(Form 990)
Department of the Treasury
Internal Revenue Service
Statement of Activities Outside the United States
Right arrow Complete if the organization answered "Yes" to Form 990, Part IV, line 14b, 15, or 16.Right arrow Attach to Form 990.Right arrow Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2023
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" on 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 the region (d) Activities conducted in region (by type) (such as, 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 the region		 (f) Total expenditures
for and investments
in the region
NORTH AMERICA 0 12 PROGRAM SERVICES UMPIRE SERVICES 63,817
SOUTH AMERICA 0 2 PROGRAM SERVICES UMPIRE SERVICES 13,523
EUROPE (INCLUDING ICELAND & GREENLAND) 0 1 PROGRAM SERVICES UMPIRE SERVICES 2,625
NORTH AMERICA 0 9 PROGRAM SERVICES TOURNAMENT EVENTS 18,468
SOUTH AMERICA 0 6 PROGRAM SERVICES TOURNAMENT EVENTS 43,390
EUROPE (INCLUDING ICELAND & GREENLAND) 0 16 PROGRAM SERVICES TOURNAMENT EVENTS 153,567
MIDDLE EAST AND NORTH AFRICA 0 2 PROGRAM SERVICES TOURNAMENT EVENTS 26,453
SOUTH ASIA 0 5 PROGRAM SERVICES TOURNAMENT EVENTS 12,053
NORTH AMERICA 0 9 GRANT-MAKING   167,771
SOUTH AMERICA 0 15 GRANT-MAKING   226,577
EUROPE (INCLUDING ICELAND & GREENLAND) 0 1 GRANT-MAKING   60,000
           
           
           
           
           
           
3a Sub-total .... 0 53 333,896
b Total from continuation sheets to Part I ... 0 25 454,348
c Totals (add lines 3a and 3b) 0 78 788,244
For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2023
Schedule F (Form 990) 2023
Page 2
Part II
Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" on 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)		 (c) Region (d) Purpose of
grant 		(e) Amount of
cash grant 		(f) Manner of
cash
disbursement 		(g) Amount
of noncash
assistance 		(h) Description
of noncash
assistance 		(i) Method of
valuation
(book, FMV,
appraisal, other)
NORTH AMERICA CLUB AND MEMBERSHIP DEVELOPMENT 18,748   0    
NORTH AMERICA CLUB AND MEMBERSHIP DEVELOPMENT 8,500   0    
NORTH AMERICA CLUB AND MEMBERSHIP DEVELOPMENT 19,071   0    
NORTH AMERICA CLUB AND MEMBERSHIP DEVELOPMENT 10,698   0    
NORTH AMERICA CLUB AND MEMBERSHIP DEVELOPMENT 6,715   0    
NORTH AMERICA CLUB AND MEMBERSHIP DEVELOPMENT 27,507   0    
NORTH AMERICA CLUB AND MEMBERSHIP DEVELOPMENT 18,215   0    
NORTH AMERICA PRIZE MONEY 50,000   0    
             
             
             
             
             
             
             
             
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
8
Schedule F (Form 990) 2023
Schedule F (Form 990) 2023Page 3
Part III
Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" on 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
noncash
assistance 		(g) Description
of noncash
assistance 		(h) Method of
valuation
(book, FMV,
appraisal, other)
TEAM USPA EUROPE (INCLUDING ICELAND & GREENLAND) 1 60,000        
TEAM USPA SOUTH AMERICA 6 169,000        
YOUNG PLAYER OUTREACH SOUTH AMERICA 6 46,800        
TRAINING JUNIOR PLAYER SOUTH AMERICA 2 10,777        
ARMED FORCES REIMBURSEMENT NORTH AMERICA 1 920        
               
               
               
               
               
               
               
               
               
               
               
               
               
Schedule F (Form 990) 2023
Schedule F (Form 990) 2023
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; don't file with Form 990). . . . . . . . . . . . . . . . . . . . . . . .
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; don't file with Form 990).. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule F (Form 990) 2023
Schedule F (Form 990) 2023
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: GRANT AWARDS ARE EVALUATED BASED ON SPECIFIC GOALS, OBJECTIVES, AND METRICS TAILORED TO EACH GRANT CATEGORY, AS APPROVED BY USPA LEADERSHIP. TO ENSURE ACCOUNTABILITY AND EFFECTIVE OVERSIGHT, WE REQUIRE RECIPIENTS TO COMPLETE SCORECARDS, SUBMIT PROGRESS REPORTS, AND PARTICIPATE IN CLUB VISITS AS NECESSARY. THIS PROCESS ENSURES THAT THE UTILIZATION OF GRANT FUNDS ALIGNS WITH OUR MISSION AND OBJECTIVES.
PART I, LINE 3: THE AMOUNTS REPORTED IN SCHEDULE F WERE DETERMINED USING THE ACCRUAL METHOD OF ACCOUNTING.
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
Schedule F (Form 990) 2023
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 Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
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
noncash assistance		 (h) Purpose of grant
or assistance
(1) ACOAXET POLO CLUB AND FARM LLC
1942 CRANDALL ROAD
TIVERTON,RI02878 		45-4028747   10,402 0     CLUB AND MEMBERSHIP DEVELOPMENT
(2) AIKEN POLO CLUB INC
PO BOX 3021
AIKEN,SC29802 		57-0778833   15,626 0     CLUB AND MEMBERSHIP DEVELOPMENT
(3) AMERITINA POLO FARM LLC
608 230TH STREET
WOODVILLE,WI54028 		46-1168709   16,000 0     CLUB AND MEMBERSHIP DEVELOPMENT
(4) ATX POLO LLC
6900 LIGUSTRUM CV
AUSTIN,TX78750 		81-5016279   24,689 0     CLUB AND MEMBERSHIP DEVELOPMENT
(5) BAREFIELD POLO CLUB LLC
1050 HAMPTON ROAD
SARASOTA,FL34236 		92-0314152   9,899 0     CLUB AND MEMBERSHIP DEVELOPMENT
(6) BARRINGTON HILLS POLO CLUB INC
5345 NORTH WINTROP AVENUE 1
CHICAGO,IL60640 		34-4230561 501(C)(7) 30,500 0     CLUB AND MEMBERSHIP DEVELOPMENT
(7) BEVERLY POLO CLUB
7120 BEVERLY LANE
THE PLAINS,VA20198 		83-2616467   9,150 0     CLUB AND MEMBERSHIP DEVELOPMENT
(8) BIG HORN POLO CLUB
PO BOX 247
SHERIDAN,WY82801 		83-0331398   15,224 0     CLUB AND MEMBERSHIP DEVELOPMENT
(9) BLACKBERRY LAND COMPANY
1S570 BLISS ROAD
BATAVIA,IL60510 		36-3334080   8,974 0     CLUB AND MEMBERSHIP DEVELOPMENT
(10) BLOOMFIELD FARM LLC
18 BLOOMFIELD ROAD
SARATOGA SPRINGS,NY12866 		46-3141241   25,472 0     CLUB AND MEMBERSHIP DEVELOPMENT
(11) BRANDYWINE POLO CLUB INC
101 EAST STREET ROAD
KENNETT SQUARE,PA19348 		74-3033842   36,918 0     CLUB AND MEMBERSHIP DEVELOPMENT
(12) BUTTERWORTH FARM LLC DBA GIANT VALLEY FARM
640 TUTTLE AVENUE
HAMDEN,CT06518 		06-1469996   16,032 0     CLUB AND MEMBERSHIP DEVELOPMENT
(13) CALIFORNIA POLO CLUB INC
16060 VENTURA BLVD 110-268
ENCINO,CA91436 		95-4503823   38,050 0     CLUB AND MEMBERSHIP DEVELOPMENT
(14) CENTRAL COAST POLO CLUB INC
2320 CLARK VALLEY ROAD
LOS OSOS,CA93402 		71-0891330 501(C)(3) 32,956 0     CLUB AND MEMBERSHIP DEVELOPMENT
(15) CENTRAL NEW YORK POLO CLUB INC
1112 HECTOR STREET
ITHACA,NY14850 		81-5336873 501(C)(3) 5,058 0     CLUB AND MEMBERSHIP DEVELOPMENT
(16) CENTRAL TEXAS POLO ASSOCIATION
522 WILKEY ROAD
POTEET,TX78065 		81-2089868 501(C)(7) 7,500 0     CLUB AND MEMBERSHIP DEVELOPMENT
(17) CHICAGO POLO ASSOCIATION
552 S WASHINGTON STREET SUITE 100
NAPERVILLE,IL60540 		82-4972555 501(C)(7) 18,000 0     CLUB AND MEMBERSHIP DEVELOPMENT
(18) CORNELL UNIVERSITY
377 PINE TREE ROAD
ITHACA,NY14850 		15-0532082 501(C)(3) 16,192 0     CLUB AND MEMBERSHIP DEVELOPMENT
(19) CTS PROPERTIES LTD DBA BROOKSHIRE POLO CLUB
109 NORTH POST OAK LANE SUITE 203
HOUSTON,TX77024 		76-0621795   36,250 0     CLUB AND MEMBERSHIP DEVELOPMENT
(20) OF HORSE YOU CAN DBA DENVER POLO CLUB
10415 ROXBOROUGH PARK ROAD
LITTLETON,CO80125 		47-2756518   49,480 0     CLUB AND MEMBERSHIP DEVELOPMENT
(21) DFW POLO ASSOCIATION
1600 HISTORIC LANE
CROSSROADS,TX76227 		92-3140762 501(C)(7) 104,425 0     CLUB AND MEMBERSHIP DEVELOPMENT
(22) EL CASO POLO & EQUESTRIAN CENTER LLC
1 POLO CLUB DRIVE
QUEMADO,NM87829 		84-2161814   12,400 0     CLUB AND MEMBERSHIP DEVELOPMENT
(23) ELDORADO POLO CLUB INC
50950 MADISON STREET
INDIO,CA92201 		46-2856594   21,245 0     CLUB AND MEMBERSHIP DEVELOPMENT
(24) FAIRFIELD COUNTY HUNT CLUB
174 LONG LOTS ROAD
WESPORT,CT06880 		06-0338460   14,142 0     CLUB AND MEMBERSHIP DEVELOPMENT
(25) FLAT OUT POLO CLUB LLC
10090 SWEM STREET NE
ROCKFORD,MI49341 		92-2678909   10,000 0     CLUB AND MEMBERSHIP DEVELOPMENT
(26) FOXLEASE FARMS LLC
33846 FOXLEASE LANE
UPPERVILLE,VA20181 		52-2074511   5,650 0     CLUB AND MEMBERSHIP DEVELOPMENT
(27) GARDNERTOWN POLO CLUB INC
822 GARDNERTOWN FARMS ROAD
NEWBURGH,NY12550 		14-1751562   33,580 0     CLUB AND MEMBERSHIP DEVELOPMENT
(28) GPC ALLAMUCHY LLC
39 PLOTTS ROAD
NEWTON,NJ07860 		87-2590234   25,000 0     CLUB AND MEMBERSHIP DEVELOPMENT
(29) HAVILAND HOLLOW POLO CLUB LLC
815 EAST BRANCH ROAD
PATTERSON,NY12563 		51-0645222   15,000 0     CLUB AND MEMBERSHIP DEVELOPMENT
(30) HAWAII POLO SCHOOL & TRAINING FOUNDATION DBA HAWAII POLO CLUB
68-411 FARRINGTON HIGHWAY
WAIALUA,HI96791 		20-1259465 501(C)(3) 22,000 0     CLUB AND MEMBERSHIP DEVELOPMENT
(31) HOUSTON POLO CLUB
8552 MEMORIAL DRIVE
HOUSTON,TX77024 		76-0046253 501(C)(7) 52,048 0     CLUB AND MEMBERSHIP DEVELOPMENT
(32) JACKSON HOLE POLO CLUB
PO BOX 949
JACKSON,WY83001 		83-0295232   9,571 0     CLUB AND MEMBERSHIP DEVELOPMENT
(33) KYLIE SHEEHAN LLC (FLYING COW POLO CLUB)
16676 HOLLOW TREE LANE
WELLINGTON,FL33470 		83-0987882   22,816 0     CLUB AND MEMBERSHIP DEVELOPMENT
(34) LA BOURGOGNE POLO CLUB
1150 COLEMAN BRIDGE ROAD
AIKEN,SC29164 		88-1851125   11,750 0     CLUB AND MEMBERSHIP DEVELOPMENT
(35) LA GRANDE POLO CLUB LTD
901 WASHINGTON AVENUE
LA GRANDE,OR97850 		83-1255400   5,015 0     CLUB AND MEMBERSHIP DEVELOPMENT
(36) LA HERRADURA DE PALM BEACH INC
3720 BASELINE AVENUE
SANTA YNEZ,CA93460 		65-0043304   7,225 0     CLUB AND MEMBERSHIP DEVELOPMENT
(37) LAS BRISAS POLO LLC
180 NORTH STETSON AVENUE SUITE 5100
CHICAGO,IL60601 		86-3703466   30,000 0     CLUB AND MEMBERSHIP DEVELOPMENT
(38) LEXINGTON POLO ASSOCIATION
2665 BETHLEHEM ROAD
PARIS,KY40361 		31-0973518   8,967 0     CLUB AND MEMBERSHIP DEVELOPMENT
(39) LIBERTY HALL PLANTATION LLC
15191 MONTANUS DRIVE 308
CULPEPER,VA22701 		30-1166391   6,300 0     CLUB AND MEMBERSHIP DEVELOPMENT
(40) LIGONIER POLO ASSOCIATION
754 DARLINGTON ROAD
LIGONIER,PA15658 		85-1558158 501(C)(3) 28,556 0     CLUB AND MEMBERSHIP DEVELOPMENT
(41) MANGO POLO LLC
4643 SOUTH ULSTER STREET SUITE 1400
DENVER,CO80237 		82-2167498   10,000 0     CLUB AND MEMBERSHIP DEVELOPMENT
(42) MASHOMACK POLO CLUB INC
PO BOX D
MILLBROOK,NY12545 		82-3775613 501(C)(7) 13,000 0     CLUB AND MEMBERSHIP DEVELOPMENT
(43) MAUI POLO CLUB ASSOCIATION
203 ALALANI STREET
PUKALANI,HI96732 		27-2116233 501(C)(7) 5,500 0     CLUB AND MEMBERSHIP DEVELOPMENT
(44) MB POLO CLUB LLC
255 EXECUTIVE DRIVE SUITE 209
PLAINVIEW,NY11803 		88-2527397   21,912 0     CLUB AND MEMBERSHIP DEVELOPMENT
(45) MIDLAND POLO CLUB INC
PO BOX 81113
MIDLAND,TX79708 		75-1224576   11,500 0     CLUB AND MEMBERSHIP DEVELOPMENT
(46) MOUNTAIN VIEW POLO CLUB LLC
261 FALCON RIDGE DRIVE
CHARLES TOWN,WV25414 		45-2873877   8,816 0     CLUB AND MEMBERSHIP DEVELOPMENT
(47) KY POLO LLC DBA MT BRILLIANT POLO
3314 HUFFMAN MILL PIKE
LEXINGTON,KY40511 		92-1214281   14,000 0     CLUB AND MEMBERSHIP DEVELOPMENT
(48) MYOPIA HUNT CLUB
435 BAY ROAD
SOUTH HAMILTON,MA01982 		04-1648210 501(C)(7) 14,545 0     CLUB AND MEMBERSHIP DEVELOPMENT
(49) NASHVILLE POLO CLUB LLC
2815 BRICK CHURCH PIKE
NASHVILLE,TN37207 		87-1304086   11,007 0     CLUB AND MEMBERSHIP DEVELOPMENT
(50) NEW BRIDGE POLO CLUB INC
862 NEW BRIDGE ROAD
AIKEN,SC29805 		20-0485702   25,466 0     CLUB AND MEMBERSHIP DEVELOPMENT
(51) NEW ORLEANS POLO CLUB INC
PO BOX 1202
FOLSOM,LA70437 		27-0584800   8,500 0     CLUB AND MEMBERSHIP DEVELOPMENT
(52) NEWPORT POLO INC
2503 EAST MAIN ROAD
PORTSMOUTH,RI02871 		05-0458298   7,500 0     CLUB AND MEMBERSHIP DEVELOPMENT
(53) PCM INC DBA MARYLAND POLO CLUB
1701 GREENSPRING VALLEY ROAD
STEVENSON,MD21153 		52-1491603 501(C)(7) 10,000 0     CLUB AND MEMBERSHIP DEVELOPMENT
(54) PINEOAK PARTNERS LLC DBA OAKBROOK POLO CLUB
875 NORTH MICHIGAN AVENUE SUITE
3805
CHICAGO,IL60611 		81-2205787   20,000 0     CLUB AND MEMBERSHIP DEVELOPMENT
(55) POLO CARES INC DBA ARIZONA POLO CLUB
8140 EAST MCDOWELL ROAD
SCOTTSDALE,AZ85257 		46-0965351 501(C)(3) 10,000 0     CLUB AND MEMBERSHIP DEVELOPMENT
(56) POLO RIENDA MEXICANA LLC DBA LEGENDSHORSE RANCH
3018 FM 2578
KAUFMAN,TX75142 		46-4457782   12,998 0     CLUB AND MEMBERSHIP DEVELOPMENT
(57) PORT MAYACA POLO CLUB INC
27005 SW CHUKKER CIRCLE
OKEECHOBEE,FL34974 		11-3826041   86,650 0     CLUB AND MEMBERSHIP DEVELOPMENT
(58) POWAY POLO CLUB
14325 MIDLAND ROAD
POWAY,CA92064 		30-0913073   10,561 0     CLUB AND MEMBERSHIP DEVELOPMENT
(59) RANCHO POLO LLC
4114 SEPULVEDA BLVD SUITE L
CULVER CITY,CA90230 		85-1490790   18,138 0     CLUB AND MEMBERSHIP DEVELOPMENT
(60) RANCHO SILVERADO STABLES LLC DBA OC POLO
240 NEWPORT CENTER DRIVE SUITE 205
NEWPORT BEACH,CA92865 		47-4162220   51,533 0     CLUB AND MEMBERSHIP DEVELOPMENT
(61) RIVER VALLEY EQUESTRIAN CENTER
10631 ASHWOOD STREET
LAKESIDE,CA92040 		46-5445238   45,300 0     CLUB AND MEMBERSHIP DEVELOPMENT
(62) ROSELAND POLO CLUB LLC
6550 ROSELAND FARM
CROZET,VA22932 		86-1717047   35,488 0     CLUB AND MEMBERSHIP DEVELOPMENT
(63) SANTA BARBARA POLO & RAQUET CLUB
3375 FOOTHILL ROAD UNIT 1200
CARPINTERIA,CA93013 		95-2771762   51,991 0     CLUB AND MEMBERSHIP DEVELOPMENT
(64) SANTA CLARA INC
3355 SANTA BARBARA DRIVE
WELLINGTON,FL33414 		65-0579905   15,000 0     CLUB AND MEMBERSHIP DEVELOPMENT
(65) SARASOTA SADDLE & SAIL LLC
8201 POLO CLUB LANE
SARASOTA,FL34240 		82-4871144   39,225 0     CLUB AND MEMBERSHIP DEVELOPMENT
(66) SCHOLARSHIP AMERICA INC
7900 INTERNATIONAL DRIVE SUITE 500
MINNEAPOLIS,MN55425 		04-2296967 501(C)(3) 72,000 0     CLUB AND MEMBERSHIP DEVELOPMENT
(67) SEATTLE POLO & EQUESTRIAN CLUB
425 WESTLAKE AVENUE NORTH
SEATTLE,WA98109 		46-0698337   10,264 0     CLUB AND MEMBERSHIP DEVELOPMENT
(68) SKANEATELES POLO CLUB
783 ANDREWS ROAD
SKANEATELES,NY13152 		06-1195509   5,088 0     CLUB AND MEMBERSHIP DEVELOPMENT
(69) SOUTH BAY POLO DBA FINATO POLO
1290 MASTEN AVENUE
GILROY,CA95020 		84-3435073   28,368 0     CLUB AND MEMBERSHIP DEVELOPMENT
(70) SPOKANE POLO CLUB LLC
7714 WEST SUNSET HIGHWAY
SPOKANE,WA99223 		91-6055815 501(C)(3) 23,873 0     CLUB AND MEMBERSHIP DEVELOPMENT
(71) SPRINGBOK POLO INC
601 JACK ENDERS BOULEVARD
BERRYVILLE,VA22611 		47-1082851   11,622 0     CLUB AND MEMBERSHIP DEVELOPMENT
(72) SUNDELE FARMS LLC
490 BIG TREE ROAD
SALLEY,SC29137 		87-3083738   35,500 0     CLUB AND MEMBERSHIP DEVELOPMENT
(73) TEXAS A & M POLO
4250 TAMU
COLLEGE STATION,TX77840 		74-6000531   7,054 0     CLUB AND MEMBERSHIP DEVELOPMENT
(74) TEXAS ARENA LEAGUE
37 LONG CREEK ROAD
AUSTIN,TX78737 		37-1950257 501(C)(7) 25,750 0     CLUB AND MEMBERSHIP DEVELOPMENT
(75) TEXAS TECH POLO CLUB
3219 MAIN STREET
LUBBOCK,TX79409 		81-0753415   12,245 0     CLUB AND MEMBERSHIP DEVELOPMENT
(76) POLO OPCO LLC
1472 E ROAD
LOXAHATCHEE GROVES,FL33470 		99-0479024   8,400 0     CLUB AND MEMBERSHIP DEVELOPMENT
(77) TINICUM PARK POLO CLUB INC
579 COUNTY ROAD 519
FRENCHTOWN,NJ08825 		81-1552411 501(C)(7) 12,313 0     CLUB AND MEMBERSHIP DEVELOPMENT
(78) TWILIGHT POLO LLC
PO BOX 1617
MIDDLEBURG,VA20118 		27-2545349   25,000 0     CLUB AND MEMBERSHIP DEVELOPMENT
(79) TCPC CORP
1602 HOMESTEAD TRAIL
LONG LAKE,MN55356 		85-3531816   11,622 0     CLUB AND MEMBERSHIP DEVELOPMENT
(80) FLOURNOY PARTNERS LLC
122 12TH STREET SUITE 900
COLUMBUS,GA31901 		47-2468441   8,247 0     CLUB AND MEMBERSHIP DEVELOPMENT
(81) THE VILLAGE POLO CLUB
3619 KIESSEL ROAD
THE VILLAGES,FL32163 		20-4647826   12,500 0     CLUB AND MEMBERSHIP DEVELOPMENT
(82) VINTAGE POLO PONIES
867 GRANADA ROAD
SEALY,TX77474 		26-1724793   7,000 0     CLUB AND MEMBERSHIP DEVELOPMENT
(83) VIRGINIA POLO INC
1082 FOREST LODGE DRIVE
CHARLOTTESVILLE,VA22903 		54-1569671   42,554 0     CLUB AND MEMBERSHIP DEVELOPMENT
(84) WCPC PRO LEAGUE
25 ESTRADA PLACE
REDWOOD CITY,CA94062 		68-0266351   24,000 0     CLUB AND MEMBERSHIP DEVELOPMENT
(85) WELLINGTON POLO TOUR INC
501 BRICKELL KEY DRIVE
MIAMI,FL33131 		87-2007881   56,380 0     CLUB AND MEMBERSHIP DEVELOPMENT
(86) NEWPORT POLO INC DBA WESTCHESTER POLO CLUB
2503 EAST MAIN ROAD
PORTSMOUTH,RI02871 		05-0458298   13,019 0     CLUB AND MEMBERSHIP DEVELOPMENT
(87) WHEATON POLO LLC
2735 HASSERT BOULEVARD SUIE 135 PMB
2097
NAPERVILLE,IL60564 		87-4234313   10,000 0     CLUB AND MEMBERSHIP DEVELOPMENT
(88) WILL ROGERS POLO CLUB INC
10947 BLOOMSFIELD STREET 109
STUDIO CITY,CA91602 		20-3430908 501(C)(3) 5,600 0     CLUB AND MEMBERSHIP DEVELOPMENT
(89) YALE POLO & EQUESTRIAN CENTER
POST NET 170 680 MAIN STREET
STAMFORD,CT06901 		27-0820382   7,782 0     CLUB AND MEMBERSHIP DEVELOPMENT
(90) CARPACHO MANAGEMENT INC
3500 FAIRLANE FARMS ROAD SUITE 7
WELLINGTON,FL33414 		92-1651235   25,000 0     PRIZE MONEY
(91) LA BOMBAY INC
1842 WILTSHIRE VILLAGE DRIVE
WELLINGTON,FL33414 		81-5370580   25,000 0     PRIZE MONEY
(92) PARK PLACE POLO FIELDS
1079 WEST ROUND GROVE ROAD SUITE
300-412
LEWISVILLE,TX75067 		30-1128964   100,000 0     PRIZE MONEY
(93) EASTERN SHORE POLO CLUB DBA POINT CLEAR POLO CLUB
13456 COUNTRY ROAD 48
SILVERHILL,AL36576 		74-3039021   8,850 0     CLUB AND MEMBERSHIP DEVELOPMENT
(94) FEDERICO WULFF POLO INC
5966 LINE ROAD
GREEN ACRES,FL33413 		86-2244482   9,095 0     CLUB AND MEMBERSHIP DEVELOPMENT
2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image
9
3
Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image
85
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2023

Schedule I (Form 990) 2023
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
noncash assistance		 (e) Method of valuation (book,
FMV, appraisal, other)		 (f) Description of noncash assistance
(1) ARENA TOURNAMENT INITIATIVE 3 5,510      
(2) COMMITTEE ARMED FORCES 3 16,210      
(3) WOMEN'S TOURNAMENT INCENTIVE PROGRAM 3 2,000      
(4) CLINICS 4 6,051      
(5) DEVELOPMENT STARTUP CLUB 3 4,665      
(6) TEAM USPA 5 170,000      
(7) MILITARY INCENTIVE PROGRAM 1 7,193      
(8) PDI-POLO DEV. INITIATIVE 7 72,080      
(9) TOURNAMENT PRIZE MONEY PROGRAM 12 50,000      
(10) TOURNAMENT TROPHIES REIMBURSEMENT 7 9,597      
(11) TRAVEL REIMBURSEMENT PLAYERS NYTS 19 17,331      
(12) TOURNAMENT SUPPORT PROGRAM 11 33,557      
(13) YOUNG INDUSTRY PROFESSIONALS 1 4,000      
(14) YOUNG PLAYER OPPORTUNITY PROGRAM 6 46,600      
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 ASSOCIATION FOLLOWS A COMPREHENSIVE PROCESS TO MONITOR THE EFFECTIVE UTILIZATION OF GRANT FUNDS, ENSURING ACCOUNTABILITY AND ALIGNMENT WITH OUR MISSION: CLUB VISITS: WE CONDUCT ON SITE VISITS TO RECIPIENT CLUBS TO ASSESS HOW GRANT FUNDS ARE BEING UTILIZED. THIS INCLUDES PHYSICAL INSPECTIONS AND DISCUSSIONS WITH CLUB REPRESENTATIVES TO ENSURE PROPER USE OF RESOURCES. SCORECARD COMPLETION: GRANT RECIPIENTS ARE REQUIRED TO COMPLETE A SCORECARD THAT TRACKS PERFORMANCE ACROSS VARIOUS METRICS, INCLUDING ACHIEVEMENTS, GOALS, BENCHMARKS, AND OTHER RELEVANT FACTORS. THIS HELPS MEASURE THEIR PROGRESS AND SUCCESS. CONTINUOUS MENTORSHIP SUPPORT: USPA OFFERS ONGOING MENTORSHIP AND GUIDANCE TO GRANT RECIPIENTS, ENSURING THEY USE FUNDS EFFECTIVELY AND ALIGN THEIR EFFORTS WITH THE ORGANIZATION'S MISSION. PROGRESS MONITORING: REGULAR PROGRESS MONITORING IS AN INTEGRAL PART OF OUR OVERSIGHT PROCESS. WE TRACK ADVANCEMENTS AND EVALUATE THE IMPACT OF THE GRANT TO ENSURE OBJECTIVES ARE BEING MET. IT IS IMPORTANT TO NOTE THAT GRANTS ARE ONLY ISSUED WHEN THE FUNDING REQUEST ALIGNS WITH THE USPA MISSION. THIS ENSURES THAT RESOURCES ARE DIRECTED TOWARD INITIATIVES THAT SUPPORT OUR ORGANIZATIONAL GOALS.
Schedule I (Form 990) 2023



Additional Data


Software ID:  
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
medium right arrow graphic Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
medium right arrow graphic Attach to Form 990.
medium right arrow graphic Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2023
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 on 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
Yes
 
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 on Line 1a? ....
2
Yes
 
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 nonfixed
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) 2023

Schedule J (Form 990) 2023
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, 1099-MISC compensation, and/or 1099-NEC (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
1CHRIS GREEN
COO & GENERAL COUNSEL 		(i)

(ii)		 428,077
-------------
0 		70,000
-------------
0 		34,174
-------------
0 		0
-------------
0 		23,412
-------------
0 		555,663
-------------
0 		0
-------------
0
2SUSAN C PRESENT
CFO 		(i)

(ii)		 274,717
-------------
0 		37,500
-------------
0 		1,103
-------------
0 		11,510
-------------
0 		13,058
-------------
0 		337,888
-------------
0 		0
-------------
0
3FERGUS GOULD
EXEC. DIR.- UMPIRES LLC 		(i)

(ii)		 224,423
-------------
0 		20,000
-------------
0 		120
-------------
0 		9,777
-------------
0 		35,581
-------------
0 		289,901
-------------
0 		0
-------------
0
4CARLOS R DE ARELLANO II
EXEC. DIR. - MEMBER SERVICES 		(i)

(ii)		 209,865
-------------
0 		22,500
-------------
0 		180
-------------
0 		9,295
-------------
0 		35,581
-------------
0 		277,421
-------------
0 		0
-------------
0
5KELLY VANDERWERFF
CONTROLLER 		(i)

(ii)		 174,502
-------------
0 		22,500
-------------
0 		792
-------------
0 		7,880
-------------
0 		25,117
-------------
0 		230,791
-------------
0 		0
-------------
0
6JUSTIN POWERS
EXEC. DIR. - POLO DEVELOPMENT LLC 		(i)

(ii)		 162,885
-------------
0 		25,000
-------------
0 		108
-------------
0 		7,515
-------------
0 		13,175
-------------
0 		208,683
-------------
0 		0
-------------
0
7MATT BARAN
EXEC. DIR.- COMMUNICATIONS 		(i)

(ii)		 124,807
-------------
0 		25,000
-------------
0 		96
-------------
0 		5,992
-------------
0 		13,175
-------------
0 		169,070
-------------
0 		0
-------------
0
Schedule J (Form 990) 2023

Schedule J (Form 990) 2023
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
PART I, LINE 1A CHRIS GREEN, CHIEF OPERATING OFFICER AND GENERAL COUNSEL, RECEIVED A $33,449.64 HOUSING BENEFIT WHICH WAS TREATED AS TAXABLE COMPENSATION.
Schedule J (Form 990) 2023

Additional Data


Software ID:  
Software Version:  
Schedule L
(Form 990)
Department of the Treasury
Internal Revenue Service
Transactions with Interested Persons
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.
Attach to Form 990 or Form 990-EZ.
Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2023
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 section 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 the organization managers or disqualified persons during the year under section 4958. ........................... $
 
3
Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ........ $
 

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 ............... $  
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) HOPE ARELLANO
  		FAMILY MEMBER OF JULIO ARELLANO (TRUSTEE) 40,000 MEMBER SUPPORT TUSPA GRANT
(2) COMMONWEALTH POLO CLUB
  		JORGE VASQUEZ (TRUSTEE) CONTROLS AT LEAST 35% 879 CLUB SUPPORT CLUB AND MEMBERSHIP DEVELOPMENT
(3) OF HORSE YOU CAN DBA DENVER POLO CLUB
  		FAMILY MEMBERS OF ERICA GANDOMCAR-SACHS (TRUSTEE) CONTROL AT LEAST 35% 49,480 CLUB SUPPORT CLUB AND MEMBERSHIP DEVELOPMENT
(4) PORT MAYACA POLO CLUB
  		CONTROLLED ENTITY OF FAMILY MEMBER OF STEPHEN & ROBERT ORTHWEIN 86,650 CLUB SUPPORT CLUB AND MEMBERSHIP DEVELOPMENT
(5) TRAVELLER'S REST
  		ROBERT ORTHWEIN (TRUSTEE) CONTROLS AT LEAST 35% 3,999 CLUB SUPPORT CLUB AND MEMBERSHIP DEVELOPMENT
(6) WILLIAM RAAB DBA WAGENER POLO CLUB LLC
  		WILLIAM RAAB (TRUSTEE) CONTROLS AT LEAST 35% 28,297 CLUB SUPPORT CLUB AND MEMBERSHIP DEVELOPMENT
(7) ROBIN SANCHEZ
  		TRUSTEE 13,825 CLUB SUPPORT CLUB AND MEMBERSHIP DEVELOPMENT
(8) CHICAGO POLO INTERNATIONAL
  		CLIFTON YANDELL (TRUSTEE) DELEGATE FOR CHICAGO POLO INTERNATIONAL 3,186 CLUB SUPPORT CLUB AND MEMBERSHIP DEVELOPMENT
(9) SUNDELE FARMS LLC FOR THE BENEFIT OF BIG TREE POLO CLUB
  		TONY COPPOLA (TRUSTEE) CONTROLS AT LEAST 35% 35,500 CLUB SUPPORT CLUB AND MEMBERSHIP DEVELOPMENT
(10) MATT COPPOLA
  		FAMILY MEMBER OF TONY COPPOLA (TRUSTEE) 37,000 PLAYER STIPEND PROMOTE THE GAME OF POLO
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990) 2023
Schedule L (Form 990) 2023
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
Part V
Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).
Return Reference Explanation
Schedule L (Form 990) 2023


Additional Data


Software ID:  
Software Version:  




SCHEDULE O
(Form 990)

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.
Attach to Form 990 or 990-EZ.
 Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
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 1A EXCEPT AS SPECIFICALLY SET FORTH HEREIN, THE BOARD OF GOVERNORS HAS DELEGATED THE FULL POWERS AND DUTIES OF THE BOARD OF GOVERNORS TO THE EXECUTIVE COMMITTEE TO ACT IN BETWEEN MEETINGS OF THE BOARD OF GOVERNORS, INCLUDING, BUT NOT LIMITED TO, 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 OF GOVERNORS; PROVIDED, HOWEVER, THAT, UNLESS OTHERWISE DIRECTED FROM TIME TO TIME BY THE BOARD OF GOVERNORS, THE EXECUTIVE COMMITTEE SHALL NOT TAKE ANY ACTION THAT IS NOT APPROPRIATED FOR IN THE ANNUAL BUDGET OF THE ASSOCIATION AS APPROVED BY THE BOARD OF GOVERNORS OR THAT BINDS, COMMITS, OR OBLIGATES THE ASSOCIATION TO EXPEND, PLEDGE, LOAN, OR OTHERWISE COMMIT ASSOCIATION ASSETS THAT EXCEED TEN PERCENT (10%) OF ANY CORRESPONDING LINE ITEM IN THE ASSOCIATION'S BUDGET AS APPROVED BY THE BOARD OF GOVERNORS. NOTWITHSTANDING THE FOREGOING, NONE OF THE NON-DELEGABLE DUTIES (AS DEFINED ABOVE) HAVE OR MAY BE DELEGATED TO THE EXECUTIVE COMMITTEE, AND THE EXECUTIVE COMMITTEE SHALL NOT HAVE THE AUTHORITY, WITHOUT CONSULTATION AND PRIOR APPROVAL OF THE BOARD OF GOVERNORS, TO PURCHASE, SELL, CREATE, OR DESTROY ANY CORPORATE ENTITY OF THE ASSOCIATION, WHETHER OWNED IN WHOLE OR IN PART. EXCEPT FOR ANY ACTION ON THE PART OF THE EXECUTIVE COMMITTEE TO ACCEPT A MEMBER CLUB AS A PROVISIONAL MEMBER CLUB OR TO TAKE ANY ACTION OR MAKE ANY DETERMINATION SPECIFICALLY REQUIRED OF THE EXECUTIVE COMMITTEE IN ANY BOARD-APPROVED DISCIPLINARY POLICY, EACH OF WHICH THE EXECUTIVE COMMITTEE HAS THE AUTHORITY TO DO WITHOUT FURTHER REVIEW BY THE BOARD OF GOVERNORS, ALL ACTIONS OF THE EXECUTIVE COMMITTEE CONSISTENT HEREWITH WILL BE BINDING ON THE ASSOCIATION AND WILL BE REPORTED TO THE BOARD OF GOVERNORS AS FOLLOWS: A. COMPLETE MINUTES OF ALL EXECUTIVE COMMITTEE MEETINGS (INCLUDING MEETINGS CONDUCTED BY TELECONFERENCE) SHALL BE FORWARDED TO THE BOARD OF GOVERNORS AS SOON AS POSSIBLE AFTER PREPARATION, INCLUDING, BUT NOT LIMITED TO, ALL RESOLUTIONS, REPORTS EXHIBITS, AND ATTACHMENT. B. THE BOARD OF GOVERNORS SHALL, WITHIN SEVEN (7) DAYS OF THE PUBLICATION OF THE MINUTES AND ATTACHMENTS, REVIEW THE MINUTES AND REGISTER ANY COMMENTS OR OBJECTIONS TO THE EXECUTIVE COMMITTEE AND TO THE CHIEF OPERATING OFFICER OF THE ASSOCIATION. C. IF FIVE (5) OR MORE GOVERNORS REGISTER OBJECTIONS ON A PARTICULAR MATTER WITHIN THE STATED SEVEN-DAY PERIOD, THEN THE EXECUTIVE COMMITTEE AND THE CHIEF OPERATING OFFICER SHALL WORK TOGETHER TO RESOLVE SUCH OBJECTIONS IN A TIMELY MANNER. D. IF FIVE (5) OR MORE OF THE GOVERNORS THAT OBJECTED WITHIN THE STATED SEVEN-DAY PERIOD CONTINUE TO OBJECT AFTER AN ATTEMPT AT RESOLUTION, THEN THE PROPOSED ACTION AND SUCH UNRESOLVED OBJECTIONS SHALL BE TABLED AND HEARD AT THE FOLLOWING MEETING OF THE BOARD OF GOVERNORS. IF THE PROPOSED ACTION IS TIME SENSITIVE, THE CHAIRMAN OF THE ASSOCIATION SHALL CALL A SPECIAL BOARD MEETING TO RESOLVE THE OBJECTIONS WHEN DIRECTED BY A MAJORITY OF THE BOARD OF GOVERNORS. E. OTHER THAN PROPOSED ACTIONS FOR WHICH THE BOARD OF GOVERNORS DETERMINES OTHERWISE PURSUANT TO (D) ABOVE, ALL EXECUTIVE COMMITTEE ACTIONS WILL BE FORMALLY RATIFIED, BY RESOLUTION, AT THE NEXT MEETING OF THE BOARD OF GOVERNORS, UNLESS SUCH ACTIONS WERE PRE-APPROVED BY THE BOARD OF GOVERNORS AND THE EXECUTIVE COMMITTEE WAS AUTHORIZED AND DIRECTED TO TAKE ACTION. THERE SHALL BE AN EXECUTIVE COMMITTEE OF THE BOARD, WHICH SHALL BE COMPOSED OF NINE (9) MEMBERS CONSISTING OF THE CHAIRMAN, THREE (3) OFFICERS (OTHER THAN THE CHAIRMAN), TWO (2) GOVERNORS-AT- LARGE, TWO (2) CIRCUIT GOVERNORS, AND EITHER ONE (1) ADDITIONAL GOVERNOR-AT-LARGE OR CIRCUIT GOVERNOR. THE TERM OF THE MEMBERS OF THE EXECUTIVE COMMITTEE SHALL BE ONE (1) YEAR, UNLESS OTHERWISE SPECIFIED AT THE TIME OF APPROVAL BY THE BOARD OF GOVERNORS.
FORM 990, PART VI, SECTION A, LINE 6 THE UNITED STATES POLO ASSOCIATION IS AN ASSOCIATION COMPRISING REGISTERED POLO CLUBS, ASSOCIATIONS, AND OTHER ENTITIES INVOLVED IN OR CONNECTED TO THE SPORT OF POLO (COLLECTIVELY REFERRED TO AS "MEMBER CLUBS"). IT ALSO INCLUDES INDIVIDUAL MEMBERS WHO ARE REGISTERED WITH THESE CLUBS. MEMBER CLUBS ARE CLASSIFIED AS ACTIVE, AFFILIATE AND ASSOCIATE, WHILE INDIVIDUAL MEMBERS ARE CATEGORIZED AS REGISTERED PLAYER, AFFILIATE PLAYER, NON-COMPETING AND LIFETIME.
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 THREE 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 IN GOOD STANDING FOR A THREE YEAR TERM.
FORM 990, PART VI, SECTION A, LINE 7B AMENDMENTS OR CHANGES TO THE CONSTITUTION CAN ONLY BE MADE BY THE AFFIRMATIVE VOTE OF TWO-THIRDS (2/3) OF THE TOTAL NUMBER OF VOTES CAST BY THE DELEGATES OF THE ACTIVE MEMBER CLUBS OF THE ASSOCIATION. EACH MEMBER CLUB APPOINTS 1 DELEGATE AND THE DELEGATES ARE CONSIDERED THE MEMBERS. THE UNITED STATES POLO ASSOCIATION ("USPA") MUST HOLD AN ANNUAL MEMBER MEETING EACH FALL AND MUST HAVE A QUORUM BY ATTENDEES AND/OR BY PROXY IN ORDER TO CONDUCT THE MEETING. NO BUSINESS CAN BE CONDUCTED WITHOUT A QUORUM OF THE MEMBERS. THE WRITTEN NOTICE OF THE PROPOSED AMENDMENT IS PROVIDED TO THE DELEGATE OF ALL ACTIVE MEMBER CLUBS AS LEAST THIRTY (30) DAYS PRIOR TO THE MEETING. ALL NEW AND/OR CHANGES IN OFFICERS AND GOVERNORS ARE INSTALLED IN THE ANNUAL MEMBER MEETING. ALSO, ONLY DELEGATES (MEMBERS) OF THE ASSOCIATION CAN VOTE IN CIRCUIT GOVERNOR ELECTIONS AND ONLY REGISTERED PLAYER MEMBERS (PLAYING MEMBERS WITH US CITIZENSHIP) CAN VOTE IN GOVERNOR-AT-LARGE ELECTIONS.
FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE COO, CFO AND AUDIT COMMITTEE BEFORE FILING AND IS AVAILABLE TO ALL BOARD MEMBERS.
FORM 990, PART VI, SECTION B, LINE 12C THE UNITED STATES POLO ASSOCIATION ("USPA") FINALIZED AND APPROVED A DETAILED CONFLICT OF INTEREST POLICY IN 2015, WHICH WAS AMENDED IN APRIL 2021. THIS POLICY APPLIES TO THE ASSOCIATION'S GOVERNORS, OFFICERS, BOARD COMMITTEE MEMBERS, AND EMPLOYEES (EACH, A "KEY COVERED OFFICIAL AND COLLECTIVELY, THE "KEY COVERED OFFICIALS"), AND ALL RECOMMENDATIONS MADE BY THE ASSOCIATION'S ADVISORY COMMITTEE MEMBERS AND OTHER VOLUNTEERS (INCLUDING, BUT NOT LIMITED TO, CIRCUIT AMBASSADORS) (EACH, AN "ADVISORY COVERED OFFICIAL AND COLLECTIVELY, THE "ADVISORY COVERED OFFICIALS", AND WHEN TAKEN TOGETHER WITH THE KEY COVERED OFFICIALS, THE "COVERED OFFICIALS"). EACH COVERED OFFICIAL SHALL DISCLOSE TO THE BOARD OF GOVERNORS ALL CONFLICTS OF INTEREST KNOWN TO SUCH COVERED OFFICIAL. EACH ADVISORY COVERED OFFICIAL MUST DISCLOSE TO THE BOARD OF GOVERNORS ONLY SUCH RELATIONSHIPS AND REAL OR POTENTIAL CONFLICTS OF INTEREST THAT PERTAIN TO MATTERS OVER WHICH SUCH ADVISORY COVERED OFFICIAL IS EMPOWERED BY THE ASSOCIATION TO MAKE RECOMMENDATIONS. ALL REPORTED REAL OR POTENTIAL CONFLICTS OF INTEREST ARE COMPILED AND DISTRIBUTED TO THE BOARD OF GOVERNORS, WHICH IS CHARGED WITH POLICING CONFLICTS OF INTEREST.
FORM 990, PART VI, SECTION B, LINE 15A IN ESTABLISHING COMPENSATION FOR THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL, THE USPA BOARD OFFICERS IMPLEMENT A THOROUGH PROCESS THAT INVOLVES REVIEW, APPROVAL, AND STRATEGIC DECISION-MAKING. THE TOP MANAGEMENT OFFICIAL'S COMPENSATION IS CAREFULLY COMPARED TO THAT OF PEERS IN SIMILAR ROLES ACROSS THE INDUSTRY TO ENSURE COMPETITIVENESS AND FAIRNESS.
FORM 990, PART VI, SECTION C, LINE 19 THE UNITED STATES POLO ASSOCIATION'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
FORM 990, PART VII, SECTION A: THE AMOUNTS PAID TO ROBIN SANCHEZ, ANTHONY COPPOLA, JORGE VASQUEZ, AND CYNTHIA HALLE REPRESENT COMPENSATION FOR CONTRACTUAL SERVICES AS INDEPENDENT CONTRACTORS AND ARE UNRELATED TO THEIR DUTIES AS TRUSTEES. THE AMOUNT PAID TO HALEY BRYAN REFLECTS PAYMENTS FOR SERVICES RENDERED IN HER CAPACITY AS AN EMPLOYEE.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990) 2023


Additional Data


Software ID:  
Software Version:  
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
Attach to Form 990.
Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047
2023
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
12012 SOUTH SHORE BLVD SUITE 102
WELLINGTON,FL33414
45-3789031 		TO SUPPORT PLAYERS AND CLUBS BY PROVIDING PROFESSIONAL UMPIRES FL 1,828,727 713,393 UNITED STATES POLO ASSOCIATION INC
 
(2) USPA SUNDAY FIELD LLC
12012 SOUTH SHORE BLVD SUITE 102
WELLINGTON,FL33414
88-1633813 		TRUSTEE OF THE USPA NATIONAL POLO CENTER-WELLINGTON FL 0 1,908,229 UNITED STATES POLO ASSOCIATION INC
 
(3) USPA POLO DEVELOPMENT LLC
12012 SOUTH SHORE BLVD SUITE 102
WELLINGTON,FL33414
37-1743330 		TO INITIATE, DEVELOP AND MANAGE PROGRAMS TO GROW PLAYERS AND CLUBS FL 119,082 64,327 UNITED STATES POLO ASSOCIATION INC
 
(4) NPC POLO OPERATIONS LLC
12012 SOUTH SHORE BLVD SUITE 102
WELLINGTON,FL33414
88-2621851 		TO PROMOTE AND DEVELOP THE SPORT OF POLO BY SHOWCASING POLO TOURNAMENTS FL 3,793,000 106,010,777 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
12012 SOUTH SHORE BLVD 102

WELLINGTON,FL33414
37-1401344 		PROMOTE AND EDUCATE POLO NATIONALLY AND INTERNATIONALLY IL 501(C)(3) 10 UNITED STATES POLO ASSOCIATION INC
 
Yes
 












For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2023
Schedule R (Form 990) 2023
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 200
WEST PALM BEACH,FL33401
36-3280427 		TRADEMARK AGREEMENTS IL UNITED STATES POLO ASSOCIATION INC
  		C 61,369,396 65,657,086 100.000 % Yes  
(2) NPC HOSPITALITY MANAGEMENT LLC

3667 120TH AVENUE SOUTH
WELLINGTON,FL33414
88-2620374 		OPERATE & MANAGE HOSPITALITY FACILITIES & SOCIAL CLUB LOCATED AT THE NPC FL NPC HOSPITALITY OPERATIONS INC
  		C 5,905,962 8,755,083 100.000 % Yes  
(3) NPC HOSPITALITY OPERATIONS INC

3667 120TH AVENUE SOUTH
WELLINGTON,FL33414
88-2633484 		BENEFICIARY OF THE USPA NATIONAL POLO CENTER LAND TRUST FL UNITED STATES POLO ASSOCIATION INC
  		C     100.000 % Yes  
(4) GLOBAL POLO ENTERTAINMENT INC

1400 CENTREPARK BLVD 200
WEST PALM BEACH,FL33401
37-1901777 		PRODUCTION ENTITY FOR GLOBAL POLO BROADCASTS & POLO LIFESTYLE CONTENT FL USPA GLOBAL LICENSING INC
  		C 8,768 134,016 100.000 % Yes  
(5) GLOBAL SPORTS BRANDS INC

1400 CENTREPARK BLVD 200
WEST PALM BEACH,FL33401
82-1379726 		TRADEMARK AND LICENSING COMPANY FL USPA GLOBAL LICENSING INC
  		C 34,360 638,339 100.000 % Yes  




Schedule R (Form 990) 2023
Schedule R (Form 990) 2023
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
Yes
 
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
Yes
 
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 28,070,765 ACCRUAL OF ROYALTIES
(2) USPA GLOBAL LICENSING INC

 S 300,000 CASH RECEIVED
(3) USPA GLOBAL LICENSING INC

 F 1,000,000 CASH RECEIVED
(4) NPC HOSPITALITY MANAGEMENT LLC

 D 6,331,190 ACCRUAL OF NET RECEIVABLE


Schedule R (Form 990) 2023
Schedule R (Form 990) 2023
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) 2023
Schedule R (Form 990) 2023
Page 5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R. See instructions.
Return Reference Explanation
PART IV: NPC HOSPITALITY MANAGEMENT, LLC PRIMARY ACTIVITY: OPERATE AND MANAGE HOSPITALITY FACILITIES & SOCIAL CLUB LOCATED AT THE USPA NATIONAL POLO CENTER-WELLINGTON
Schedule R (Form 990) 2023

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