Ap Construction Charitable Events Foundation

Nonprofit profile at a glance

EIN
831205877
IRS 990 coverage
2023–2025
Forms available
Form 990 2025, Form 990-EZ 2022
Location
Minneapolis, MN, USA
Phone
9525441561
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Philanthropy, Voluntarism, and Grantmaking Foundations N.E.C.

Reported finances

Revenue
$272,192
Expenses
$268,432
Assets
$28,824
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • GRANGER HASSMANN (PRESIDENT)
  • DAVID GRANDSTAFF (VICE PRESIDENT)

People named in this filing

  • GRANGER HASSMANN (PRESIDENT)
  • DAVID GRANDSTAFF (VICE PRESIDENT)
  • MARC TIMBERMAN (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide financial support to charitable organizations in the four regions where ap construction does business: the midwest, gulf states, mountain states, and the southwest.

What it reported doing in 2025

Ap construction charitable events foundation (the foundation) will raise funds by organizing and hosting golf tournaments, galas, and other events as may be determined by the board of directors. The foundation will donate all net proceeds raised from such events. The foundation will organize and host events in each region and funds raised at those events will be contributed to charities operating in each such region. Financial support may be provided for a wide variety of purposes, depending on the needs of each region. The board of the foundation will have full authority to determine which organizations will receive funding. Funds will be provided only to charitable organizations recognized as exempt from united states federal income taxation pursuant to section 501(c)(3) of the internal revenue code of 1986, as amended. Events hosted during the year include the following: the 10th annual ap charity golf classic, with grants of $140,000 and expenses of $61,226; golf fore gratitude, with grants of $100,000 and expenses of $9,000; and the ap charity bean bag tournament, with grants of $15,200 and expenses of $10,799.

Operating model

Revenue model
Donor-supported. 93% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 94
  • Accountability: 70
  • Sustainability: 37
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.8%; rating input score 94
  • Program expense ratio: 95.1%; rating input score 95
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 81st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 1.4%; rating input score 39; 39th percentile among comparable filings
  • Total-asset coverage ratio: 0.11; rating input score 7; 7th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: 25.6% per year; rating input score 100; 87th percentile among comparable filings
  • Revenue growth: 21.1% per year; rating input score 100; 87th percentile among comparable filings
  • Asset growth: 14.1% per year; rating input score 100; 73rd percentile among comparable filings

Details

  • Where the money goes: 93.8% of revenue deployed · 95.1% of spending went to programs
  • Governance: 3 of 3 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $255K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 16 of 16 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 3 filing years from 2023 to 2025
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: 8 filed related-organization links
  • 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.

  • High — Accountability: Governance controls: 4 of 6 not reported.
  • Moderate — Sustainability: Operating margin scored 39/100.
  • High — Sustainability: Total-asset coverage ratio scored 7/100.