Myopia Polo Education Foundation Inc
Nonprofit profile at a glance
- EIN
- 814073798
- IRS 990-EZ coverage
- 2018–2018
- Forms available
- Form 990-EZ 2018, Form 990-N 2017
- Location
- Ipswich, MA, USA
- Phone
- 6172836374
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Equestrian
Reported finances
- Revenue
- $72,517
- Expenses
- $71,139
- Assets
- $7,817
Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Jacek Grotnik (President / Treasurer)
- Charles Brown (Vice President)
People named in this filing
- Jacek Grotnik (President / Treasurer)
- Charles Brown (Vice President)
- Bryan Parrott (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide Education to Youth about Polo
What it reported doing in 2018
Taught children 18 and under horsemanship, sportsmanship fair play and teamwork via an interscholastic polo team. 9 persons benefited in 2018.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 94
- Transparency & Controls: 82
- Sustainability: 33
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 93.4%; rating input score 93
- Program expense ratio: 95.3%; rating input score 95
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 1.9%; rating input score 50; 50th percentile among comparable filings
- Total-asset coverage ratio: 0.11; rating input score 11; 11th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 93.4% of revenue deployed · 95.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $68K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Total-asset coverage ratio scored 11/100.
- Review — Sustainability: Operating margin scored 50/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.