Michigan State University Polo Club, Msu Polo Club in East Lansing, Michigan (MI)
Table of contents:
| Michigan State University Polo Club, Msu Polo Club | |
| Employer Identification Number (EIN) | 364640346 |
| Name of Organization | Michigan State University Polo Club |
| Secondary Name | Msu Polo Club |
| In Care of Name | Thomas C Wisehart Jr |
| Address | 1265 Anthony Hall Msu, East Lansing, MI 48825 |
| Subsection | Educational Organization |
| Ruling Date | 12/2008 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $73,738 |
| Amount of Income | $80,828 |
| Form 990 Revenue Amount | $75,123 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Equestrian, Riding |
Non-representatives - add comments:
Amount of income in 2013: $80,828 (it was $75,106 in 2012)
| Michigan State University Polo Club, Msu Polo Club: | $80,828 |
| Other organizations performing similar types of work: | $67,089 |
Assets in 2013: $73,738 (it was $72,063 in 2012)
| This organization: | $73,738 |
| Other organizations performing similar types of work: | $24,756 |
Expenses in 2013: $71,252
| Michigan State University Polo Club, Msu Polo Club: | $71,252 |
| Other organizations performing similar types of work: | $55,624 |
Income to expenses ratio in 2013: 1.1
| Michigan State University Polo Club, Msu Polo Club: | 1.1 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2013: 44.3%
| Michigan State University Polo Club, Msu Polo Club: | 44.3% |
| Other organizations performing similar types of work: | 21.2% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $57,443 | $75,106 | $75,123 |
| Contributions, gifts, grants, and similar amounts received | $26,667 | $37,939 | $33,291 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $26,032 | $36,150 | $38,678 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $4,950 | $3,021 | $3,754 |
| Gross income from gaming | $4,858 | $2,280 | $4,904 |
| Gross income from fundraising events | $3,260 | $1,742 | $0 |
| Less: direct expenses from gaming and fundraising events | $3,168 | $1,001 | $1,150 |
| Gross profit/loss from sales of inventory | $-207 | $-2,004 | $-600 |
| Gross sales of inventory, less returns and allowances | $3,352 | $4,336 | $3,955 |
| Less: cost of goods sold | $3,559 | $6,340 | $4,555 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $55,795 | $69,686 | $71,252 |
| Total net assets | $79,670 | $72,063 | $73,738 |
| Excess/Deficit for the year | $1,648 | $5,420 | $3,871 |
| Net assets or fund balances at beginning of year | $78,022 | $59,036 | $63,935 |
| Other changes in net assets or fund balances | $0 | $7,607 | $5,932 |
| Net assets or fund balances at end of year | $92,697 | $89,473 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $79,670 | $72,063 | $73,738 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $79,670 | $72,063 | $73,738 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | Yes | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $194,818 |
| Subtotal | $338,874 |
| Gifts, grants, contributions, and membership fees received | $327,325 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $11,549 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $120,957 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $120,957 |
| Total support | $315,775 |
| Public support | $315,775 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Liberty Riders Inc | 7103 Gratiot Ave, St Clair, MI 48079-2203 | MI | 2004-10 | $241,292 |
| 2 | Amazing Wings Inc | 9500 S State Rd, Goodrich, MI 48438-8876 | MI | 2010-01 | $109,347 |
| 3 | Rising Hope Equestrian Center | PO BOX 354, Harbor Spgs, MI 49740-0354 | MI | 2005-09 | $95,767 |
| 4 | Michigan Justin Morgan Horse Association | 8770 S Rushton Rd, South Lyon, MI 48178-9618 | MI | 2006-12 | $86,007 |
| 5 | Michigan State University Polo Club, Msu Polo Club | 1265 Anthony Hall Msu, East Lansing, MI 48825 | MI | 2008-12 | $80,828 |
| 6 | Medal Equestrian Inc | C/O Jacob62170 Mt Vernon, Washington, MI 48094 | MI | 2001-12 | $20,703 |
| 7 | Triple J Horse Ranch Inc | 3401 Steinacker Road, Howell, MI 48855 | MI | 2010-07 | $7,989 |
| 8 | Superior Trail Riders Association | 5940 S Shunk Road, Sault Ste Marie, MI 49783 | MI | 2005-12 | $20 |
| 9 | 4 R Horses | 208 S Tompkins St, Howell, MI 48843-2044 | MI | 2012-09 | $0 |
| 10 | Bayfield Therapeutic Equine Center | 9130 Bayfield Ln, Brighton, MI 48116-6726 | MI | 2015-03 | $0 |
| 11 | Double Oo Riders Association | 7555 Ormond Rd, Davisburg, MI 48350 | MI | 2012-04 | $0 |
| 12 | Equine Adventure | 5997 N Sandstone Rd, Jackson, MI 49201 | MI | 2008-09 | $0 |
| 13 | Holland Western Saddle Club Inc | 170 College Ave Ste 260, Holland, MI 49423 | MI | 2011-02 | $0 |
| 14 | Inspirations Riding Program | 5063 I75 Lane, Escanaba, MI 49829 | MI | 2009-02 | $0 |
| 15 | Lakeshore Equestrian Education Program Inc | 4231 137th Ave, Hamilton, MI 49419-9772 | MI | 2012-03 | $0 |
| 16 | Mid Michigan Open Horse Shows Circuit | 4698 E Weidman Road, Rosebush, MI 48878 | MI | 2015-04 | $0 |
| 17 | Northern Michigan Association Of Western Horse Clubs | PO BOX 4113, Traverse City, MI 49685 | MI | 2014-07 | $0 |
| 18 | Proud Lake Trail Riders Association | 532 Pinecrest Dr, Walled Lake, MI 48390-2344 | MI | 1999-08 | $0 |
| 19 | Sleepy Hollow Trail Riders Association Inc | 9322 Alward Rd, Laingsburg, MI 48848 | MI | 2000-02 | $0 |
| 20 | Western Dressage Association Of America | 9075 Brudy Rd, Wolverine, MI 49799 | MI | 2014-08 | $0 |
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