Apba Historical Society Inc

Nonprofit profile at a glance

EIN
382472242
IRS 990 coverage
2011–2025
Forms available
Form 990 2025
Location
Chesterfield, MI, USA
Phone
2627961505
Rating
65
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$83,855
Expenses
$37,720
Assets
$1,184,348
Liabilities
$0

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

Leadership & pay

7 people listed

People named in this filing

  • RICK SANDSTROM (CHAIRMAN)
  • DANIEL JOSEPH (VICE CHAIRMAN)
  • DEE BERGHAUER (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

To establish, operate, and maintain a museum dedicated to the sport of power boat racing.

What it reported doing in 2025

The organization's programs serve to foster an understanding and appreciation of boating by sponsoring research and education related to boating safety, development and use of environmentally safe equipment, technical and management education and training for participants and associates, and other issues affecting the boating industry through the acquisition and interpretation of materials that reflect the historic development of boating and the individuals who were part of this development. In support of the organization's mission, the apba historical society shares its collection through exhibitions, presentations, publications and other activities. This historical collection, in general, encompasses equipment and tools for all types of boating, including trophies, awards, and other items of value to the mission of the apba historical society. The archival collection, in general, encompasses historic documents, books, magazines, maps, photographic images, other paper based materials, and audio-visual materials relating to the history of boating. The apba historical society museum is maintained in the home of the society in eastpointe, Michigan and maintains its artifacts there for the enjoyment and knowledge of power boat racing enthusiasts and the general public. Admission to the museum is free. In 2025 they paid out 5 grants.

Operating model

Revenue model
Investment-supported. 86% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 85% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 52
  • Transparency & Controls: 76
  • Accountability: 70
  • Sustainability: 82
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 46.1%; rating input score 46
  • Program expense ratio: 79.2%; rating input score 79
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90%; rating input score 90; 14th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 64.6%; rating input score 65; 51st percentile among comparable filings
  • Major donor itemization: Limited
  • 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: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 55%; rating input score 89; 89th percentile among comparable filings
  • Total-asset coverage ratio: 31.4; rating input score 88; 88th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: -0.4% per year; rating input score 0; 47th percentile among comparable filings
  • Revenue growth: 4.1% per year; rating input score 100; 72nd percentile among comparable filings
  • Asset growth: 4.1% per year; rating input score 100; 59th percentile among comparable filings

Details

  • Where the money goes: 46.1% of revenue deployed · 79.2% of spending went to programs
  • Governance: 7 of 7 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $30K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 19 of 20 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes grants
  • Filing history: 15 filing years from 2011 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 2 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 46/100.
  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Sustainability: Officer compensation ratio scored 58/100.