GPYNEF_AR_17_final_2

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Grosse Pointe Youth
Nautical Education

Foundation

2017 ANNUAL REPORT

A G RO SS E P OI NTE YAC H T C LU B FO U N DATI O N

GROSSE POINTE YOUTH NAUTICAL EDUCATION FOUNDATION | 2017 ANNUAL REPORT

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BOARD OF DIRECTORS

Board members serve terms as defined by the By-laws of the Foundation.

J. James Morrow President J. Theodore Everingham Director
James A. Anderson Vice President
Jeffery R. Laethem Director Brian J. Geraghty Director
Sean M. Schotthoefer Director
Ilja J. Vreeken Director Michael. D. Murray Financial Advisor
Sloane R. Barbour Treasurer and Audit —
Mark R. Weber, PhD Secretary Polk and Associates
Wallace E. Cross Outside Director

PERPETUAL SCHOLARSHIP DONORS

• Commodore James and Patricia Anderson (2012) • Edwin and Felicia Shaw (2016)
• Commodore John and Marlene Boll (2012) • Commodore Tymon C. and
• Manuel and Nora Maroun (2013)
• Benno Steinborn (2014) Sherri Totte (2016)
• C ommodore James and Sandra Morrow (2014) • Commodore Sean and
• W. W. Williams Company (2015)
Dr. Kristen Schotthoefer (2017)

2017 GPYNEF SCHOLARSHIP RECIPIENTS

Name High School College

Preston Carey Brother Rice High School University of Notre Dame
Jack Holme Grosse Pointe South High School Michigan State University
Joseph Lark III St. Mary’s Catholic Central High School Salve Regina University
Jacob Mackey Detroit Country Day School University of Michigan
Kaitlin Malley Grosse Pointe South High School Boston College
Elizabeth Obermaier Detroit Country Day School Massachusetts Institute of Technology
Jacob Orhan Grosse Pointe South High School University of Michigan
Caroline Seski Grosse Pointe South High School Marquette University
Liam Walz Grosse Pointe South High School Grand Valley State University
Jackson Webster Grosse Pointe South High School US Merchant Marine Academy
Amanda Williams Detroit Country Day School New York University

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THE YEAR IN REVIEW

The Grosse Pointe Youth Nautical Education Foundation GPYNEF’s sponsorship extended into competitive
(GPYNEF) continues to pursue its mission to promote regattas for advanced sailors seeking opportunities to move
national and international sailing, maritime education, up the national, international and Olympic ranks. Young
competition and water safety. GPYNEF accomplished this adults were given grants which afforded them the opportunity
goal with emphasis on local High School Sailing programs, to pursue their sailing ambitions. GPYNEF is also working
competitive sailing events and educational opportunities. to expand interests with Set Sail for Autism program in order
to provide sailing experience to special needs children.
The 2017 High School sailing season began early as sailors
rigged boats for the Varsity season set sailing on March 22nd. 2017 has been an exceptional year for GPYNEF with
Yes, it was bitter cold, but the high school sailors were anxious many great accomplishments and plans to continue to build
to pull out their dry suits and kick-off their season. GPYNEF on these successes for 2018. GPYNEF greatly appreciates
provided financial support to the three area high schools and the generous support and funding of its contributors which
sponsored several regattas throughout the spring. All twelve allows the foundation to continue to form strong partner-
High School teams from metro Detroit performed well in ships with local youth sailing programs, high school sailing
regional, state and national regattas. Grosse Pointe South teams, scholarship program, community sailing and special
had a “stand out year” qualifying regionally which earned need adaptive sailing programs.
them a spot in the 2017 Baker Team National Champion-
ships held in Norfolk, VA. Grosse Pointe South was ranked
12th in the Nation.

GPYNEF’s Scholarship Program supported local high
school students by awarding 12 college scholarships in 2017.
The scholarship program is designed to encourage young men
and women to actively participate in sailing beyond high
school and into college. The GPYNEF Scholarship recipients
often join college sailing teams. While most choose to give
back to their sport by becoming instructors for junior sailing
programs where they teach sailing to children as young as
8 years of age. Parents and students alike are both grateful
and proud to be recognized at the Scholarship Brunch as a
GPYNEF Scholarship recipient.

GPYNEF’s financial support extended into the city of
Detroit with its partnership with the Challenge the Wind
program located in Kean’s harbor. The Foundation provided
funding, equipment and volunteer assistance which
contributed to this year’s rapid growth. Community sailing
will continue to be part of its mission to provide inner-
city youth opportunities to learn and develop a passion for
sailing and compete with other sailors from established area
Junior Sailing Programs.

GROSSE POINTE YOUTH NAUTICAL EDUCATION FOUNDATION | 2017 ANNUAL REPORT

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THE YEAR AHEAD Left to Right: Preston Carey, Jacob Mackey, Jackson Webster, Liam Walz

For the year ahead, the Grosse Pointe Youth THE GPYNEF
Nautical Education Foundation plans to maintain SCHOLARSHIP PROGRAM
a steady course with focus on supporting the High
School Sailing programs, sponsoring competitive The Foundation provided twelve (12) $1,500 scholar-
events for youth of all ages and providing scholarships ships to local area youth. This program began in 2012 and
to encourage educational excellence. We plan has provided a total of 56 scholarships. Each of these schol-
to work closely with the Challenge the Wind arships is given in the name of a donor and with eight funded
organization to provide both funding, equipment in perpetuity.
and opportunities that will help them advance their
program with the Detroit youth. The results for this Scholarship qualification includes some sailing experi-
program have been excellent. ence from high school or junior programs and are awarded
based on academic and school participation. Anyone in the
In an effort to enhance local talent and provide Detroit Regional Yacht-racing Association (DRYA) area is
more competitive experiences, GPYNEF will eligible for a scholarship.
sponsor a 2018 US Sailing Olympic Regatta for our
local youth sailors.

The Foundation plans to develop further actions
with the Set Sail for Autism program who work with
young Autistic men and women using the sailing
venue to expand their experiences.

Enhancing youth, high school, competitive, and
adaptive sailing would not be possible without the
generous donations of GPYNEF donors.

GPYNEF President, Jim Morrow and GPYNEF Administrative Support, Barb Seski announce the
2017 Scholarship winners at the annual Scholarship Brunch.

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Left to Right: Elizabeth Obermaier, Amanda Williams, Kaitlin Malley, Caroline Seski, Justin Verriest, Jake Orhan, Joesph Lark.

The scholarship assessment uses three criteria found
in the Application Form: two original essays (topics provided),
the applicant’s resume of sailing experience and
documentation of their academic accomplishments.
Applications for the 2018 Scholarship Program can be found
at www.gpynef.org/scholarships and must be received at the
Grosse Pointe Yacht Club by April 2, 2018.

Above: GPYNEF Scholarship
Recipients Kaitlin Malley and
Caroline Seski seated with
Donors Marlene and John Bolls
and GPYNEF Director Brian
Geraghty stand to accept
acknowledgement for
their award.

Left: Commodore and GPYNEF
Board Member, Sloane Barbour
was given a Lifetime Achievement
Award to honor his dedication,
commitment and passion for
GPYNEF’s mission and the
GPYC Sailing Program.

Bill and Allyson Turner receive a special gift thanking
them for their time and dedication to the GPYC sailing program.

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FUNDING THE Photo by Michele Penyoer
SCHOLARSHIP GRANTS

The annual GPYNEF Scholarship grants represent
a significant portion of the Foundation’s annual budget. Generous
donors have stepped forward to make funding this valuable
initiative possible.

GPYNEF’s scholarship program began funding in 2012
awarded five, $1,000 scholarships, in comparison, twelve
$1,500 scholarships were awarded in 2017.

PERPETUAL Jackson Webster, left, 2017 scholarship recipient with
SCHOLARSHIP ENDOWMENT donor Grosse Pointe Yacht Club Commodore Sean Schotthoefer.

At the close of the 2017 GPYNEF fiscal year, 56 Perpetual
Scholarships have been funded. These scholarships are funded
and invested to be given annually in the name of the Donor
at a $1,500 level.

Anyone interested in establishing a perpetual scholarship
should contact Jim Morrow at [email protected].

It should be noted that these Scholarships will be
presented in the donor’s name in perpetuity. These
endowments can be funded in a variety of ways; lump
sum or funded over time to optimize the tax benefit.

ANNUAL SCHOLARSHIP GIFTS Photo by Jim Dorian

Annual scholarship gifts are also available. GPYNEF Perpetual Scholarship Donors’ plaque hangs in the
For a donation of $1,600 to the GPYNEF Scholarship entrance hallway of the Grosse Pointe Yacht Club.
Fund the donor’s Scholarship will be presented
in his or her name at the GPYNEF Scholarship Awards
Brunch. The Brunch is held at the Grosse Pointe Yacht Club
annually on the Sunday of the Great Lakes Boating Festival.
The donor will also receive permanent acknowledgment with
an inscribed, commemorative paver brick on Sailors’ Pointe
as well as an acrylic trophy memento.

Additional information concerning endowments
is available on-line at www.gpynef.org or by contacting
Foundation President, Commodore James Morrow via email:
[email protected].

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SUPPORTING COMMUNITY

Photo by Michele Penyoer The goal of Sailing for Autism
is to demonstrate to the public at
Photo by Michele Penyoer large, and employers in particular,
the ability of autistic young men
CHALLENGE THE WIND EXPAND PROGRAMS and women to contribute in
positive, meaningful ways in a
variety of roles. Sailing is the
medium that is used to demonstrate
these abilities.

The Foundation is proud to
support this stirring (and successful)
initiative with financial assistance.
In 2018 GPYNEF will work with
local high schools to expand the Set
Sail for Autism program.

The Grosse Pointe Youth Nautical younger group of kids. Along with this
Education Foundation (GPYNEF) has donation, four GPYC sailors volunteered
a clear mission: to promote national and to spend a day with the “Challenge the
international amateur sailing, maritime Wind” to teach their instructors how to
arts, education, water safety and rig and sail the Optimist Dinghy’s. The
community improvements. The GPYC junior sailors who volunteered
Foundation has been working for several were Emma Turner, Dominic DuLac,
years with the Challenge the Wind Ellie Groustra and Henry Gonzalez. The
organization located out of Kean’s CTW team was most grateful for the
Harbor and is dedicated to teaching inner time spent by our sailors.
city kids how to sail. GPYNEF has
contributed both funding and boats over “Challenge the Wind, which was
the past two of years. founded about 8 years ago, was able to
double their program this year,” says Past
This year they donated four (4) Commodore James Morrow. “GPYNEF
Optimist Dinghy’s to this group to enable has been working closely with Challenge
them to extend their program to a the Wind for about five years.”

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SUPPORTING HIGH SCHOOL SAILING TEAMS

The GPYNEF continues to provide regattas. Grosse Pointe South’s Sailing in the Midwest: Illinois, Ohio, Michgan,
financial assistance to local high school team won their third straight Michigan Minnesota and Wisconsin. MISSA
sailing programs to support growth State championship title for High School organizes local, regional and state level
in the sport across the Nation. Sailing in the fall and finished twelfth championship qualifying events such as
The Foundation provides financial in the nation in the US National the Baker Cup for Team Racing and
support to help fund expert coaching, Baker Team Racing Championship in Mallory Cup for Fleet Racing. GPYNEF
educational clinics, state of the art the spring. supported MISSA’s Mallory Cup held
equipment, travel grants and other at the GPYC in spring 2017. Grosse
resources which provide a competitive GPYNEF has aligned its mission of Pointe South’s team placed eighth and
environment to learn, and advance in supporting high school sailing with the Grosse Pointe North’s team placed
high school sailing. We are proud to have regional governing body known as the fourteenth. GPYNEF also provided
12 local area sailing teams that regularly Midwest Interscholastic Sailing travel grants to Grosse Pointe South’s
perform well in local and national Association (MISSA). MISSA’s 55 sailing team.
member teams are located in five states

Photos by Michele Penyoer

Left to right: Grosse Pointe South Head Sailing Coach Left to right, Grosse Pointe Yacht Club Sailing Director University Ligget School Sailing Team parent advi-
Jim Cooper, GPYNEF Secretary Mark Weber, GPYNEF Wally Cross, Grosse Pointe North High School Athletic sor Kathy Johnson and Athletic Director Michelle Hicks
President Jim Morrow, and Grosse Pointe South Director Brian Shelson, and Jim Morrow. receive a check from Jim Morrow.
Athletic Director Jeremy Hawkins.

Visit https://goo.gl/gxGTov to see Visit http://youtu.be/tW9IMKPDnBc to see
Grosse Pointe South’s Sailing Team video. Grosse Pointe North’s Sailing Team video.

GROSSE POINTE YOUTH NAUTICAL EDUCATION FOUNDATION | 2017 ANNUAL REPORT

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GPYNEF COMPETITIVE SAILING GRANTS AT WORK

LO C A L U LTI M AT E 2 0 S TA K E S ECO N D LOCAL 29ER COMPETITORS FOR
PLACE IN THE DETROIT CUP NATI O NA L S A N D WO R LDS

The Detroit Cup was a successful event this year for We first wanted to thank you for your generosity in
our team, including Alex Hume, Mike Hoey, and Ryan Seago. assisting Louisa and I in making our plans for this past
Each of us are former DRYA junior sailors and natives of summer become a reality. Specifically, your grant was used
Grosse Pointe which makes the Detroit Cup a special event towards offsetting the cost of a new set of sails for the 29er
for our team. Day four, grade two, World Sailing match race Nationals and Worlds.
event featured ideal August sailing conditions on the Detroit
River — racing Bayview’s Ultimate 20’s, with 5–10 knots Nationals included one day of qualifying followed by
of breeze and sunny skies. Our team finished second place two days of finals. After a very windy qualifying day, we were
out of eight teams, with a 17–4 record through the round slotted into gold fleet (the top 60 competitors). In much
robin stage. On the last day of the competition, we won our lighter and choppier weather, a difficult condition for our
semi-finals match-up, but unfortunately we lost in the finals slightly larger team, we finished 38th of 113 boats and
to Harry Price and his team from Australia. With a fifth place coming in as the 9th US boat.
last year, and a second place this year, hopefully next year
will be the year a local team can finally win the Detroit Cup! Worlds featured three days of qualifying races followed
by another three days of finals.
Lastly, on November 9th, the team of Matt DeClercq,
Alison Knoles, Austin Colpaert, and I will compete in Our first day of Worlds started unfortunately with a break-
the US Sailing Adult Championship at the St. Petersburg down where damage to our rudder forced us to withdraw from
Yacht Club in J70’s. As always, we are very appreciative two of the day’s three races. We raced in silver fleet for the
of GPYNEF’s support. Our success would not be possibe remainder of the event, eventually finishing 66th out of the
without the financial support of GPYNEF over the past 130 boats competing
few years.
Again, we would like to thank the GPYNEF very much
— Ryan Seago for your generosity; without you this summer would not have
been possible.

— Claire Huebner and Louisa Nordstrom

GROSSE POINTE YOUTH NAUTICAL EDUCATION FOUNDATION | 2017 ANNUAL REPORT

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2017 GPYC USODA
GPYNEF sponsored the US

Optimist Great Lakes Championship
hosted at the GPYC on June 23–25, 2017.
Sailors between the ages of 9–14 com-
peted from all over the Great Lakes region
in the world’s largest sailing class, the
Optimist dinghy.

The event offered a competitive
opportunity for advanced sailors to
qualify for the 2018 National Opti US
Team trials. Four local sailors qualified
and will participate in the upcoming
trails: Conner Kirkman, Dougy Cowan,
Charlie Gonzalez and Alex Tigges.

Photos by Michele Penyoer

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GROSSE POINTE YACHT
CLUB FUND-RAISERS

There are two annual Grosse Pointe Yacht Club traditions
that mark the arrival of a new boating season; the annual
Summer Breeze party and the area’s premier in-the-water
boat show, the Great Lakes Boating Festival.

These two great traditions are also essential components
of the Grosse Pointe Youth Educational Foundation’s annual
fund-raising efforts.

Join the fun. Help raise the funds needed to keep
the Foundation growing as fast as interest in Junior sailing
is growing.

TH E G R E AT L A KES BOATI N G FESTIVA L
Beginning Friday, May 18 and continuing through

Sunday May 20, the Great Lakes Boating Festival will fill
the Grosse Pointe Yacht Club harbor with state-of-the-
art boats, that range from center consoles to luxurious
motor yachts.

While the harbor is full of the latest in boats, the GPYC’s
east lawn is host to a variety of nautical-related exhibits…
not to mention delicious food.

With fund-raising raffles for boats, cars and Rolex
watches going on all weekend, the Festival is a great way to
see your friends, get aboard the latest in boats and support
the GPYNEF.

THE SUMMER BREEZE
Mark your calendar for Friday evening, May 18, 2018.

That is the date of the Yacht Club’s Summer
Breeze party celebrating the opening of the boating season
and the Great Lakes Boating Festival.

Enjoy great food and fun while bidding on
fabulous items in a live auction and dance the night away.
There isn’t a more enjoyable way to support the work
of the Foundation than to be part of the action at the
Summer Breeze.

For more information visit:
www.greatlakesboatingfestival.com

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Photos by Michele Penyoer

Visit https://youtu.be/HoJlLmi9CJU
and view a video of the Festival

GROSSE POINTE YOUTH NAUTICAL EDUCATION FOUNDATION | 2017 ANNUAL REPORT

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SPONSOR SUPPORT

The two annual fund-raising events
held at the GPYC provide important
financial support to the Grosse Pointe
Youth Nautical Education Foundation.

A key to the events’ fundraising suc-
cess can be linked directly to the generos-
ity of sponsors who donate time, money
and products to make the exhibits,
raffles and auctions so successful.

Their dedication to the Foundation’s
goal should be acknowledged by all.

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GREAT L AKES BOATING
FESTIVAL SPONSORS

GOLD

SILV ER

Boston Whaler Donors:

RAY LAETHEM

MOTOR VILLAGE

BRONZE

IT Innovation. Business Value.

GROSSE POINTE YOUTH NAUTICAL EDUCATION FOUNDATION | 2017 ANNUAL REPORT

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2017 GPYNEF CONTRIBUTORS

PLATINUM $10,000–$25,000 SILVER $1,000 – $5,000 BRONZE
Mr. John Ahee Mr. Peter Ahee Mr. and Mrs. Joseph Backer, Jr Mr. and Mrs. Scott Adlhoch
Benno Steinborn Mr. and Mrs. Daniel Aitken
(Ahee Jewelers) Dr. and Mrs. Gary G. Bill Dr. and Mrs. Bradley Algren
Mr. and Mrs. Peter G. Beauregard Mr. and Mrs. Daniel Bracciano Mr. and Mrs. Carl J. Anderson
Gasparilla Inn & Spa Commodore and Mrs. Sloane R. Barbour
(Colony Marine) Rear Commodore Gary H. Mr. and Mrs. Patrick Batcheller
Fifth Third Bank Mrs. Alicia B. Bonahoom
Genesis Cadillac and Mrs. Gonzalez Mr. and Mrs. Charles M. Bayer, Jr.
Mr. and Mrs. Joseph J. Haney Mr. Jason J. Grobbel Mr. and Mrs. Peter Bill
St John Providence- Ascension Commodore and Mrs. Ted Huebner Mr. and Mrs. Biden Bolger
Commodore and Mrs. Tymon Totte Mr. and Mrs. Adam Kolb Mr. and Mrs. Bourbeau
Mr. and Mrs. Graham Korneffel Mr. and Mrs. R. Antony Bromwell
GOLD $5,000 – $10,000 Mr. Paul Mattes Mr. and Mrs. Jon Bures
Commodore James and Patti Anderson Mr. and Mrs. Richard Meade Ms. Rosemarie Burke
Commodore John and Marlene Boll Mr. and Mrs. Manuel J. Moroun Mr. and Mrs. Bruce Burton
DTE Energy Foundation Renewal by Anderson Mr. and Mrs. John Catalano
Grosse Pointe News Mr. and Mrs. Christopher Riopelle Mr. and Mrs. Alfred Callert
Mr. Michael Kolb Dr. and Mrs. John Seago Mr. and Mrs. Chesterton
Mr. and Mrs. Jeffrey R. Laethem Secure 24 Mrs. Patricia Connelly
Mr. and Mrs. Gary F. Marowske Mr. and Mrs.Edwin B. Shaw Mr. and Mrs. J. Lewis Cooper
Mr. and Mrs. Joseph Shaden Mr. and Mrs. James Cooper
(Flame Furnace) Mr. and Mrs. Glenn Sheets Mr. and Mrs. Wallace Cross
Mr. and Mrs. James T. Mestdagh Mr. and Mrs. Sean P. Southers Mr. and Mrs. Antonio Cueter
Mr. John Minnis Mr. and Mrs. Keith E. Spondike Mr. Daniel Cyr
Commodore and Mrs. James Morrow Ms. Mary Beth Tebben Mr. and Mrs. Bradley Danna
Mr. Thomas Ragusso Mr. and Mrs. Michael Tulsa, Jr Mr. and Mrs. Ralph Deeds
Mr. and Mrs. Thomas Ritter Mr. and Mrs. William Turner. Jr Mr. and Mrs. Jon Deimel
Mr. and Mrs. Gregory Rivard Mr. and Mrs. William Vogel III Dr. Anthony and Marie DeLuca
Mr. and Mrs. James Scheibel Vice Commodore and Mrs. Ilja J. Vreeken Commodore and Mrs. John De Wald
Commodore Sean and Mr. Steven G. and Dr. Ginette Vreeken Mr. and Mrs. William J. Dillon
Mr. and Mrs. Matthew J. Wenzler Mrs. Eugenia Di Sante
Dr. Kristen Schotthoefer Mr. and Mrs. William Williams Mr. and Mrs. James Dixon
Mr. and Mrs. Steven P. Simmons Ms. Suzanne Dritsan
Commodore and Mrs. J. Theodore Everingham
(Corporate Optics)
Sterling Insurance
Sun Sport Marine / Yahama

GROSSE POINTE YOUTH NAUTICAL EDUCATION FOUNDATION | 2017 ANNUAL REPORT

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Bronze (continued) Ms. Marianne P. Mikhail Mr. and Mrs. Philip Trupiano
Mr. and Mrs. Ralph Fisher Mr. Kevin Morin Ms. Joan Turgeon
Mr. William Freimuth Mrs. Lucy Carmichael Milner Mr. and Mrs. William S. Turner, Jr.
Mr. and Mrs. Terry Fujishige Dr. Robert Morris Mr. and Mrs. Michael A. Tusa, Jr.
Mr. Joseph Galasso, Jr Mr. and Mrs. Timothy Mullins Commodore and Mrs. William C. Vogel, Jr.
Mr. and Mrs. Jason M. Geisz Ms. Anne Nachazel Mr. and Mrs. Gerrit A. Vreeken
Commodore and Mrs. Brian Geraghty Mr. and Mrs. Robert Nahra Mr. Peter W. Waldmeir
Gerry’s Distributing Co. Ms. Deborah A. Nesi Mr. Clune Walsh
Mr. and Mrs. Timothy S. Goustra Mr. and Mrs. John Nicholson Mr. and Mrs. John Walton
Mr. and Mrs. Mark Gunderson Mr. and Mrs. Russell Nobel Commodore and Mrs. Mark R. Weber, PhD
Mr. and Mrs. Terry R. Gutermuth Mr. and Mrs. Antoine Obeid Mr. and Mrs. Todd Webster
Mr. and Mrs. Patrick Hadda Mrs. Beline Obeid Ms. Rebecca White
Mr. and Mrs. Huntley Mr. and Mrs. William O’Keefe Drs. David and Bernadine Wu
Mr. and Mrs. Hurst Mr. Gerald Partridge
Mr. Jeffrey Jarzombek Mr. and Mrs. Stephen C. Perry
Mr. and Mrs. Michael Kirkman Mr. and Mrs. Roger Prisbe
Mr. and Mrs. Daniel L. Klaasen Commodore and Mrs. Carl Rashid, Jr.
Dr. James Klein Ms. Tamara Reddmann
Commodore and Mrs. Blaise Klenow Mr. and Mrs. Randall L. Rutkofske
Mr. and Mrs. Richard Knowles Mr. Mayer Salama
Mr. and Mrs. Harry Kurtz Mr. and Mrs. Matthew Savage
Mr. and Mrs. Richard Law Dr. and Mrs. John T. Seago
Mr. and Mrs. Robert G. Liggett Jr. Mr. and Mrs. Gregory Semack
Mr. and Mrs. Stephen Lind Mr. Kent Sheeler
Mr. Richard A. Listwan Mr. and Mrs. Lawrence A. Simon
Dr. and Mrs. Brian M. Litch Ms. Amy L. Smith
Mr. and Mrs. Dominic A. Lombardi Mr. and Mrs. Sean P. Southers
Mr. and Mrs. Steven Long Mr. and Mrs. Harold Stackpoole
Ms. Wendy A. Lucid Mr. and Mrs. Clark V. Stevens
Mr. Joseph Lucido Dr. and Mrs. Larry W. Stephenson
Mr. and Mrs. William J. Ludwig Mr. and Mrs. Robert Szabo
Mr. and Mrs. David Lupini Ms. Constance M. Szymcak
Mr. and Mrs. Andrew F. Mac Lachlan Mr. and Mrs. Richard W. Thams
Marine Max Mr. and Mrs. James Touhey
Mr. and Mrs. John D. Mertz

GROSSE POINTE YOUTH NAUTICAL EDUCATION FOUNDATION | 2017 ANNUAL REPORT

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Grosse Pointe Youth Nautical Education Foundation

For the Years Ended October 2017 and 2016

2017 2016
CONTRIBUTIONS $ 67,960 $ 90,141
INCOME — GLBF/SUMMER BREEZE
Investment Income 108,853 98,196
59,365 23,583

OPERATING EXPENSES 109,305 107,371
Grants and Event Support 32,645 28,450
Administrative Expenses 990
Depreciation and Amortization 5,373 4,975
Professional Fees 6,966
Total Operating Expenses
148,313 147,762
Increase (Decrease) in Net Assets
$ 87,865 $ 64,158

CURRENT ASSETS $ 24,498 $ 33,500
Cash in Bank and on Hand – 1,680
Training Equipment 158,618
Schwab Investment 183,464
Schwab Scholarship Funds 349,416 275,061
Total Current Assets
557,378 468,860
OTHER ASSETS
TOTAL ASSETS 5,125 5,779

$ 562,503 $ 474,639

*No pay is given to support the Foundation

GPY NEF GROW TH 2011–2017

$562,503 $349,416
$474,639
$275,061

$413,281 $215,386

$381,483 $186,231
$293,331
$110,945
$195,116 $52,502

$120,669

$0

TOTAL ASSETS 2014 2015 2016 2017 SCHOLARSHIP FUNDS 2014 2015 2016 2017
2011 2012 2013 2011 2012 2013

GROSSE POINTE YOUTH NAUTICAL EDUCATION FOUNDATION | 2017 ANNUAL REPORT

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GROSSE POINTE YOUTH NAUTICAL EDUCATION FOUNDATION | 2017 ANNUAL REPORT

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The Grosse Pointe Youth Nautical Education Foundation’s
mission is to promote national and international amateur sailing,
maritime education and competition, and water safety.

Grosse Pointe Youth Nautical Education Foundation
788 Lake Shore Drive
Grosse Pointe Shores, MI 48236
www.gpynef.org
GROSSE POINTE YOUTH NAUTICAL EDUCATION FOUNDATION | 2017 ANNUAL REPORT