Youth Nautical Education Foundation

2015 ANNUAL REPORT

1 THE GPYNEF BOARD OF DIRECTORS

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

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

2 2015 ANNUAL REPORT GROSSE POINTE YOUTH NAUTICAL EDUCATION FOUNDATION A review of goals, achievements, fund raising initiatives and 2015 fiscal year financial statement 2015 ACTIVITY SUMMARY 2016 FOUNDATION PLANS Everywhere you look there are signs that the Grosse The momentum generated in 2015 set high standards Pointe Youth Nautical Education Foundation (GPYNEF) for our 2016 programs. GPYNEF support will be directed is having a positive impact on -area youth and the to programs proven to encourage young people to develop sport of sailing. a passion for the sport of sailing, and help them grow as n Scholarship candidates from Metro Detroit show responsible sailors and students. sailing’s contribution to growth in academics Planned investments include: and leadership n Funding for high school junior sailing programs n Challenge the Wind, an inner city learn to sail to support equipment, travel, competitive events program, has seen enrollment double and half matching fund challenges n n DRYA club junior sailing reports strong growth. Awarding up to ten $1,500 college scholarships, a GPYC and Crescent junior sailing programs each 50% increase over 2014 levels enrolled over 110 kids n Sponsoring a Junior Olympic event, which US n Top finishes for area high school sailors in major Sailing has designated as three day skill builder, to regattas in the U.S. and Canada be held at the GPYC (July 29–31) n n DART showcased local sailors with regional Expanding support for the “Challenge the Wind” regatta successes program at the Grayhaven Sailing Club n n Varsity sailing has become ’s fastest Continuing support for Detroit Advanced Racing growing high-school sport! Team (DART) training, helping Detroit-area Everyone who has been a part of the GPYNEF junior sailors compete in regional regattas to program — students, instructors, volunteers and all improve their racing skills. Foundation donors — should take pride in this year’s Successful fundraising is critical to the GPYNEF’s results. The bar has been raised, and with it, exciting mission. Without capital, the initiatives described above challenges for the years ahead. can not be accomplished. Support for GPYNEF Scholarship Endowments is of particular importance.

SCHOLARSHIP ENDOWMENTS As of the close of the 2015 fiscal year, the GPYNEF ceremony. The donors also receive a permanent acknowledg- has received 6 Perpetual Scholarships. Donated by ment with a commemorative paver brick on Sailors Pointe Commodore and Mrs. Jim Anderson (2012), Commodore and an acrylic sailing trophy memento. and Mrs. John Boll (2012), Mr. and Mrs. Matty Moroun Additional information concerning endowments (2013), Transaxle/Commodore and Mrs. James Morrow is available on-line at www.gpynef.org or by contacting (2014), Benno Steinborn (2014) and the W. W. Williams Foundation president, Commodore James Morrow via email: Company (2015) these endowments are acknowledged on [email protected]. the brass plaque (pictured, right) found at Sailor’s Pointe overlooking the GPYC harbor. Commemorative paver bricks, with donors’ names can also be found there. These scholarships, funded in-perpetuity by a $45,000 donation, are awarded annually in the donors name to deserving students. This Perpetual endowment can be funded in several ways; lump sum or funding over time to optimize the tax benefit. Annual scholarship gifts, for a donation of $1,600 are also available. The scholarships are awarded in the donor’s name at the award

3 The programs shown highlight initiatives made possible by grants 2015 GRANTS from the Grosse Pointe Youth Nautical Education Foundation. IN ACTION: Programs that receive grants are selected by the GPYNEF’s Board of Directors, ensuring that those programs comply with Foundation goals.

MEET THE SCHOLARS With a dollar value 50% greater than the scholarship awards a year ago, ten student scholars received $1,500 scholarships to their college of choice. Pictured (below) are 2015 recipients: Adrienne Thomas, Jason Liu, Nathan Kane, Taylor Moore-Hutton and Kimberly Barbour. Because they were participating in a regatta on the day the group photo was taken, four intrepid, scholarship-winning competitors, Annie Clark, Thomas Fricker, Grant Gustafson, and Owen Pfaff were captured in action at the races. Pasha Vreeken was at the IMG Academy in Bradenton, Florida and was unable to attend. To see them in action, check out the “Scholarship Video” on our site: Annie Clark www.gpynef.org or scan the QR code below.

Grant Gustafson Pasha Vreeken

Thomas Fricker

(left to right) are 2015 recipients: Adrienne Thomas, Jason Liu, Nathan Kane, Owen Pfaff Taylor Moore-Hutton and Kimberly Barbour.

4 WEST BLOOMFIELD LAKERS GPN

BR Groves ®

Top, left to right burgees: Detroit Country Day School, West Bloomfield, Grosse Pointe North, and University Liggett School, Bottom, left to right: Grosse Pointe South, Birminhgam Groves, Brother Rice, and Cranbrook-Kingston High Schools SUPPORTING THE SCHOOLS Through direct grants to individual schools as well as matching fund “challenges”, GPYNEF has helped high school teams acquire new equipment, participate in advanced training and travel to compete against the country’s best at Regional and National events. While not to suggest a direct linkage between the GPYNEF grant activity and the growth of the sport, it is worth noting that varsity sailing has become the fastest growing high school sport in Michigan. In the past year alone, six area high schools added varsity sailing to their programs. University Liggett School, Cranbrook-Kingswood, West Bloomfield, Birmingham Grove, Brother Rice and Marian High Schools are now competing — most sailed in Regattas held at the GPYC in 2015. In 2015, a GPYNEF travel grant enabled South’s team to compete in the prestigious invitation only, Lawrence A. White Regatta at the U.S. Coast Guard Academy in New London, CT. There they sailed against the cream of the crop of high school sailors from the US, Canada and the Caribbean. Two weeks later, back “home”, Grosse Pointe South defeated 10 other Michigan high school teams on Elizabeth Lake to capture a 2015 Michigan State High School Sailing Championship. Last year, with a matching fund grant, South also acquired new racing sails for their team. The Grosse Pointe South Sailing Team success is an example of the role GPYNEF can play.

THE MITTEN The “Mitten Classic”, a Midwest Inter-Scholastic Sailing Association Regatta held at the GPYC was hosted by the GPYNEF. The 15 teams, representing eight high schools from throughout the state, competed successfully in some very challenging weather.

5 SPECIAL GRANTS 2015 GRANTS The Foundation accepts applications for special grants to local sailors who are competing at a higher level to improve their skills as well as to IN ACTION: organizations seeking to improve their ability to support competitive sailing. Applications are submitted and reviewed by the Board to insure that the requests fit GPYNEF program criteria. Two examples of individual sailor grants include: Ryan Seago — match racing team and Tom Caulfield of Crescent Sail Yacht Club. In addition, a special equipment grant was made to the University of Michigan in response to their request for assistance in rebuilding their sailing center.

CHALLENGE THE WIND The GPYNEF is proud to be an active supporter of the Challenge the Wind Sailing Program. This non-profit 501c3 was created by the Grayhaven Sail Club of Detroit to teach sailing skills to young Detroiters that would not have otherwise been exposed to the sport. Partnered with the DRYA, the American Sailing Institute and US Sail, student sailors utilized math, physics, problem solving and conflict management skills as they completed a “Beginning Sailing” and “Teen Intermediated Sailing” curriculum and certification. This year, with the support of the GPYNEF and the Grosse Pointe Club, Challenge the Wind sailors were placed in a local Club Junior Sailing and Racing program. It was a win-win investment for all involved.

6 SAILING SIMULATOR GPYNEF has acquired an on-land sailing simulator, a remarkable machine that accurately replicates the dynamics of sailing an Optimist pram, one of the most popular sailing dinghies in the world. Not only is the Opti simulator a great training device it is also a powerful magnet, drawing the attention of youngsters who have never sailed. Portable, it can be transported to virtually any site, making the sailing experience accessible to a large potential audience. A video showing the Opti simulator in action can be reached via the QR code shown below or found at www.gpynef.org Photo by Michele Penoyer

DART The Foundation continued to support DART (Detroit Advanced Racing Team). As the only “school” of its kind, DART is a mentoring and athletic training program designed for select young DRYA Opti sailors who demonstrate elite level racing skills and potential. DART gives motivated DRYA sailors an opportunity to participate in a higher level of train- ing and develop their expertise through competition in local, regional, and national level event and is consistent with Foundation’s objectives. Photo by Michele Penoyer 7 GROSSE POINTE YACHT CLUB FUNDRAISERS The two annual Grosse Pointe Yacht Club traditions that herald the arrival of the boating season are essential to our annual fundraiser efforts. The Great Lakes Boating Festival and Summer Breeze Party are fun events that help raise funds needed to keep pace with the growing interest in junior sailing.

THE GREAT LAKES BOATING FESTIVAL Beginning Friday, May 20 and continuing through Sunday May 22, the Great Lakes Boating Festival will fill the GPYC harbor with the most current trends in boats and yachts. The Yacht Club’s east lawn will host a wide variety of small craft, nautical art and marine services…not to mention great food. The Club’s entrance cul ’de sac will feature vintage cars and boat exhibits. With fundraising raffles for boats, cars and Rolex watches going all weekend long, the Festival is a great way to support the work of the GPYNEF. Photos (below) by Michele Penoyer THE SUMMER BREEZE PARTY Mark your calendar for Friday evening, May 20, 2016. The Summer Breeze party celebrates the opening of the Great Lakes Boating Festival. Be part of a spectacular evening at the GPYC with great food and great fun. Join the party, bid on fabulous items in the live auction and dance the night away. There isn’t a more exciting way to support the work of the Foun- dation than to be part of the action at the annual Summer Breeze event.

8 SUPPORTING THE GREAT LAKES BOATING FOUNDATION FESTIVAL SPONSORS The success of the foundation begins with the generosity of its donors and ends with the satisfaction of knowing that our efforts GOLD are enriching the lives of Detroit-area youth. Fundraising is critical to the GPYNEF’s mission. Without capital, the accomplishments noted in this year’s Annual Report would not have been realized and the initiatives planned for 2016 will not be fulfilled. A 501c3 corporation, all contributions to the Foundation, including stock gifts, boat donations and estate legacies, are deductible to the fullest extent of the law. Additional information concerning support for the Foundation is available on-line at www.gpynef.org or available by contacting Foundation president, Commodore James Morrow via email: [email protected]. Support for the GPYNEF reflects an SILVER appreciation for the educational value of sailing. Teaching young men and women life-lessons — as well as sailing skills — will deliver lifelong benefits. Donations from our supporters are appreciated by all.

EVENT SPONSORS The two annual Grosse Pointe Yacht Club traditions provide important financial support to the GPYNEF; The Summer Breeze Party and The Great Lakes Boating Festival. A key to the events’ fundraising success can be traced to the generosity of sponsors who donate time, money and products to make the exhibits, raffles and auctions so successful. In 2015, Foundation event sponsors provided cars, boats, Rolex watches and more. Their dedication to the Foundation’s goal should be acknowledged by all. RAY LAETHEM MOTOR VILLAGE

BRONZE

IT Innovation. Business Value. Believe in better

From left to right, GPYNEF gold event sponsor: Peter Ahee; GPYNEF president, Jim Morrow; and John Ahee. 9 2015 GPYNEF CONTRIBUTORS

DIAMOND LEVEL — $25,000 UP SILVER LEVEL $1000 TO $5000 W. W. Williams Company Mr. Walter Czarnecki/ Ms. Ann C. Lawson Perpetual Scholarship Donor Penske Corporation Mr. and Mrs. Robert Liggett Ms. Elena A. Ford PLATINUM LEVEL $10,000 — $25,000 Mr. Brandon Linton edmund t. Ahee Family Director and Mrs. Gary Gonzalez Mr. and Mrs. Brian Litch Mr. and Mrs. Peter Beauregard/ Commodore and Mrs. Theodore Huebner Mr. Richard A. Listwan Colony Marine Mr. and Mrs. Christopher Izzi Mr. and Mrs. Andrew MacLachlan 5th Third Bank Mrs. Sheryl Jarvis Mr. and Mrs. Michael H. Marcero Don Gooley Cadillac Mr. and Mrs. Daniel Klaasen Commodore and Mrs. James Martin Mr. David L. Klassen Rear Commodore and Mrs. Blaise Klenow Marine Max Mr. and Mrs. Jeffrey Laethem/ Mr. and Mrs. Patrick McKeever GOLD LEVEL $5000 TO $10,000 Ray Laethem Motors Village Commodore and Mrs. James Anderson Mr. and Mrs. Stephen McQueen Vice Commodore and Mrs. Thomas Lauzon Dr. and Mrs. Gary Bill Mr. and Mrs. James Mestdagh Mr. Dan Musser, III/Grand Hotel Commodore and Mrs. John A. Boll Mr. and Mrs. Manuel J. Moroun Mr. and Mrs. Robert Orr Mr. and Mrs. Patrick Connelly Mr. and Mrs. Michael Murray Mr. Tom Raguso/Sun Sport Marine Mr. and Mrs. Joseph Haney/ Mr. and Mrs. Anthony Obeid Secretary Sean and Dr. Kristen Schotthoefer Sterling Insurance Dr. and Mrs. Peter D. Panagopoulos Mr. John P. Secco Mr. and Mrs. Gary Marowske/ Mr. and Mrs. Dominic Paluzzi Flame Furnace Mr. and Mrs. Paul Silva Dr. Michele Ramsdell Commodore and Mrs. James Morrow Mr. Steven and Dr. Ginette Vreeken Commodore and Mrs. Carl Rashid Mr. and Mrs. Steven Simmons/ Mr. and Mrs. Matthew J. Wenzler/ Mr. and Mrs. James Riehl Corporate Optics Secure 24 Mr. and Mrs. Michael D. Riehl Director and Mrs. Ilja J. Vreeken BRONZE LEVEL UP TO $1000 Mrs. Norma L. Riehl Mr. Joe Warner/Grosse Pointe News Mr. and Mrs. Daniel J. Aitken Treasurer and Mrs. Timothy J. Robson Mr. Devon Allard Mr. and Mrs. Bruce Rockwell Dr. and Mrs. William A. Athens Mr. and Mrs. Michael Samhat Mr. and Mrs. Joseph Backer Jr. Mr. and Mrs. Matthew Schaden Commodore and Mrs. Sloane Barbour Commodore and Mrs. Ronald Schaupeter Mr. and Mrs. Richard Bania Mr. and Mrs. Edwin B. Shaw Mr. and Mrs. David C. Bourbeau Dr. and Mrs. John Seago Mr. and Mrs. Paul Boyer Glenn Sheets Mr. and Mrs. Daniel Bracciano Mr. and Mrs. Craig Sherman Mr. and Mrs. David Breen Mr. and Mrs. Joseph Simon Jr. Dr. and Mrs. Eudoro Coello, MD Mr. and Mrs. Harold Stackpoole Mr. and Mrs. J. Lewis Cooper Jr. Mr. and Mrs. Thomas Stephenson Mr. and Mrs. John Dalton Mr. and Mrs. Lee E. Sutton Mr. and Mrs. Ralph E. Deeds Commodore and Mrs. Tymon Totte Mr. and Mrs. Jon Deimel /Stahl Museum Mr. and Mrs. Philip Trupiano Mr. James D. Murphy and Lauri Ellias Mr. and Mrs. Paul VanTol Mr. and Mrs. Scott Feringa VanTol Insurance Group Mr. and Mrs. Larry O. Fletcher Commodore and Mrs. William Vogel, Jr. Mr. and Mrs. Daniel Follis Mr. and Mrs. Gerrit A. Vreeken Commodore and Mrs. Kevin Granger Mr. and Mrs. John Walton Mr. and Mrs. Jason J. Grobbel Commodore and Mrs. Mark Weber Mr. and Mrs. Timothy Groustra Mr. and Mrs. Wierda Mr. and Mrs. Scott Houghton Drs. Mark and Krista Wortman Dr. Nicole M. Jane Mr. and Mrs. L. Pahl Zinn Mr. and Mrs. Harry Krutz 10 Grosse Pointe Youth Nautical Education Foundation For the Years Ended October 2015 and 2014

2015 2014 CONTRIBUTIONS $ 69,068 $ 86,447 INCOME — GLBF/SUMMER BREEZE 88,499 87,456 Investment Income 1,278 19,928

OPERATING EXPENSES Grants and Event Support 99,148 93,893 Administrative Expenses 14,941 3,880 Depreciation and Amortization 6,054 654 Professional Fees 6,905 7,251

Total Operating Expenses 127,048 105,678

Increase (Decrease) in Net Assets $ 31,797 $ 88,153

CURRENT ASSETS Cash in Bank and on Hand $ 15,488 $ 34,182 Training Equipment 5,600 – Schwab Investment 154,373 153,982 Schwab Scholarship Funds 215,386 186,231 Total Current Assets 390,847 374,395

OTHER ASSETS 22,434 7,088 TOTAL ASSETS $ 413,281 $ 381,483

*No pay is given to support the Foundation

GPYNEF GROWTH 2011–2015

$215,386 $413,281 $186,231 $381,483 $293,331 $110,945 $195,116 $120,669 $52,502

$0

TOTAL ASSETS SCHOLARSHIP FUNDS

2011 2012 2013 2014 2015 2011 2012 2013 2014 2015

11 12

(Left) Photo by Michele Penoyer Grosse Pointe Shores, MI48236 788 LakeShore Road www.gpynef.org