A P B A Historical Society Inc
- Assets
- $1.1m
- Revenue
- $86.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Chesterfield, MI
- Founding
- 05/1984
- Data as of
- 12/2023
- EIN
- 38-2472242
Organization Overview
A P B A Historical Society Inc is located in Chesterfield, MI. The organization was established in 1984. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. A P B A Historical Society Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, A P B A Historical Society Inc generated $86.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $22.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH, OPERATE, AND MAINTAIN A MUSEUM DEDICATED TO THE SPORT OF POWER BOAT RACING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Sandstrom Chairman | OfficerTrustee | 1 | $0 |
Daniel Joseph Vice Chairman | OfficerTrustee | 1 | $0 |
Dee Berghauer Treasurer | OfficerTrustee | 1 | $0 |
Stephen Compton Secretary | OfficerTrustee | 1 | $0 |
George Byers Jr Chairman Emeritus | OfficerTrustee | 1 | $0 |
Larry Lauterbach Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,105 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,105 |
| Total Program Service Revenue | $0 |
| Investment income | $59,346 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,426 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $86,877 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,831 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,535 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $379 |
| Fees for services: Other | $88 |
| Advertising and promotion | $0 |
| Office expenses | $204 |
| Information technology | $247 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,790 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $480 |
| All other expenses | $0 |
| Total functional expenses | $22,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,080 |
| Savings and temporary cash investments | $131,215 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $926,206 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,066,501 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $978,665 |
| Net assets with donor restrictions | $87,836 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,066,501 |
Grants Awarded
Over the last fiscal year, A P B A Historical Society Inc has awarded $31,212 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN POWER BOAT ASSOCIATION PURPOSE: PROGRAM SUPPORT | $25,012 |
CAROLINA VIRGINIA RACING ASSOCIATION PURPOSE: PROGRAM SUPPORT | $6,200 |