Grosse Pointe Youth Nautical Education Foundation
- Assets
- $749.9k
- Revenue
- $136.5k
- Investments
- $0.0
- Employees
- 0
- Location
- St Clair Shores, MI
- Founding
- 11/2009
- Data as of
- 10/2020
- EIN
- 27-0700716
Organization Overview
Grosse Pointe Youth Nautical Education Foundation is located in St Clair Shores, MI. The organization was established in 2009. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grosse Pointe Youth Nautical Education Foundation 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 10/2020, Grosse Pointe Youth Nautical Education Foundation generated $136.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $63.4k during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (11.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Grosse Pointe Youth Nautical Education Foundation has awarded 12 individual grants totaling $217,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
CONDUCT EDUCATION ACTIVITIES TO FOSTER AND PROMOTE NAUTICAL EDUCATION, BOATING AND WATER SAFETY, YOUTH SPORTING COMPETITION, RESPECT FOR WATERWAYS AND THE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTING AND PROMOTING NAUTICAL COMPETITIVE EVENTS IN OUR REGION, THROUGH DONATIONS TO THE HIGH SCHOOL VARSITY SAILING PROGRAMS AT BOTH GROSSE POINTE NORTH AND GROSSE POINTE SOUTH SCHOOLS. THIS INCLUDES SPONSORSHIP OF THE MALLORY CHAMPIONSHIP, A REGIONAL HIGH SCHOOL SAILING EVENT HOSTED BY GROSSE POINTE NORTH HIGH SCHOOL, AND THE JUNIOR OLYMPICS SAILING COMPETITION.
PUBLICATION & DISTRIBUTION OF MARINE SERVICE GUIDE TO BOATERS THROUGHOUT THE LAKE ST CLAIR REGION. THE PURPOSE OF THIS GUIDE IS TO CREATE A USEFUL TOOL FOR BOATERS TO HAVE EASY ACCESS TO INFORMATION TO SUPPORT THEIR BOATING AND RECREATIONAL ACTIVITIES. THE PUBLICATION INCLUDES INFORMATION ABOUT BOATING SAFETY, INFORMATION FOR CROSSING TO CANADA, AND A LIST OF REPAIR SERVICES AVAILABLE TO BOATERS.
SUPPORTING AND PROMOTING NAUTICAL COMPETITIVE EVENTS IN OUR REGION, THROUGH DONATIONS TO THE HIGH SCHOOL VARSITY SAILING PROGRAMS AT BOTH GROSSE POINTE NORTH AND GROSSE POINTE SOUTH SCHOOLS. THIS INCLUDES SPONSORSHIP OF THE MALLORY CHAMPIONSHIP, A REGIONAL HIGH SCHOOL SAILING EVENT HOSTED BY GROSSE POINTE NORTH HIGH SCHOOL, AND THE JUNIOR OLYMPICS SAILING COMPETITION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John J Morrow Jr President | OfficerTrustee | $0 | |
Sloane R Barbour Jr Treasurer | OfficerTrustee | $0 | |
Mark R Weber Secretary | OfficerTrustee | $0 | |
James A Anderson Vice-Preside | Trustee | $0 | |
Wally Cross Director | Trustee | $0 | |
Brian Geraghty Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,037 |
| Investment income | $17,291 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $19,386 |
| Net Income from Fundraising Events | $29,725 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $136,502 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $20,000 |
| 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 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 | $2,340 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,340 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $17,020 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $655 |
| Insurance | $907 |
| All other expenses | $0 |
| Total functional expenses | $63,417 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,090 |
| Savings and temporary cash investments | $9,723 |
| 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 |
| Investments—publicly traded securities | $716,883 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,162 |
| Other assets | $0 |
| Total assets | $749,858 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $749,858 |
Grants Awarded
Over the last fiscal year, Grosse Pointe Youth Nautical Education Foundation has awarded $30,300 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Grosse Pointe Shores, MI PURPOSE: VARSITY SAILING PROG | $17,000 |
Grosse Pointe Farms, MI PURPOSE: SAILING PROGRAM | $13,300 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Grosse Pointe Youth Nautical Education Foundation has recieved totaling $7,762.
| Awarding Organization | Amount |
|---|---|
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $7,762 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Swiminc Inc Worthington, OH | $829,638 | $1,806,874 |
Michigan Boating Industries Assoc Commerce Township, MI | $6,848,061 | $1,258,585 |
Carmel Swim Club Carmel, IN | $1,078,759 | $1,620,809 |
Vermilion Boat Club Inc Vermilion, OH | $883,885 | $1,475,888 |
Walter Schroeder Aquatic Center Ltd Brown Deer, WI | $2,876,227 | $1,771,521 |
Swim And Racquet Club Columbus, OH | $2,677,814 | $1,163,525 |
Elba-Mar Boat Club Grosse Ile, MI | $874,771 | $981,147 |
Waukesha Express Swim Team Inc Waukesha, WI | $109,829 | $1,001,501 |
Club Wolverine Swimming Inc Ann Arbor, MI | $392,270 | $985,537 |
Usa Swimming Inc New London, WI | $201,918 | $903,511 |
Dayton Raiders Facilities Inc Beavercreek, OH | $1,039,430 | $598,004 |
Huron Valley Swim Club Ann Arbor, MI | $1,978,507 | $809,520 |