Civic Intelligence

Grosse Pointe Youth Nautical Education Foundation

990 • Fiscal year 2021 • EIN 27-0700716

Nov 01, 2020 to Oct 31, 2021 • Filed on Sep 13, 2021

PO Box 290St Clair Shores, MI 48080-0290

(586) 771-4350

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

29th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

29th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

88th percentile

54%

Higher net margin than 88% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

72nd percentile

28%

Faster asset growth than 72% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

69th percentile

40%

Faster revenue growth than 69% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$956,144

Up $206,286 (+28%) from 2020

Net Assets

Up

$956,144

Up $206,286 (+28%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$191,042

Up $54,540 (+40%) from 2020

Expenses

Up

$88,139

Up $24,722 (+39%) from 2020

Net Income

Up

$102,903

Up $29,818 (+41%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2010: $125,177Net Assets 2010: $125,1772010Assets 2011: $120,669Liabilities 2011: $2,500Net Assets 2011: $118,1692011Assets 2012: $194,116Liabilities 2012: $0Net Assets 2012: $194,1162012Assets 2013: $293,329Liabilities 2013: $0Net Assets 2013: $293,3292013Assets 2014: $381,482Liabilities 2014: $0Net Assets 2014: $381,4822014Assets 2015: $410,480Liabilities 2015: $0Net Assets 2015: $410,4802015Assets 2016: $474,635Liabilities 2016: $0Net Assets 2016: $474,6352016Assets 2017: $562,499Liabilities 2017: $0Net Assets 2017: $562,4992017Assets 2018: $594,100Liabilities 2018: $0Net Assets 2018: $594,1002018Assets 2019: $688,147Liabilities 2019: $2,412Net Assets 2019: $685,7352019Assets 2020: $749,858Liabilities 2020: $0Net Assets 2020: $749,8582020Assets 2021: $956,144Liabilities 2021: $0Net Assets 2021: $956,1442021Assets 2022: $793,642Liabilities 2022: $0Net Assets 2022: $793,6422022Assets 2023: $668,074Liabilities 2023: $0Net Assets 2023: $668,0742023Assets 2024: $758,383Liabilities 2024: $0Net Assets 2024: $758,3832024

Highlighted filing

2021

Assets$956,144
Liabilities$0
Net Assets$956,144

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100K-$200KRevenue 2010: $179,287Expenses 2010: $56,869Net Income 2010: $122,4182010Revenue 2011: $75,899Expenses 2011: $80,374Net Income 2011: -$4,4752011Expenses 2012: $141,4562012Expenses 2013: $116,7032013Revenue 2014: $186,506Expenses 2014: $100,659Net Income 2014: $85,8472014Revenue 2015: $168,425Expenses 2015: $123,611Net Income 2015: $44,8142015Revenue 2016: $201,181Expenses 2016: $135,751Net Income 2016: $65,4302016Revenue 2017: $174,517Expenses 2017: $138,554Net Income 2017: $35,9632017Revenue 2018: $200,403Expenses 2018: $145,766Net Income 2018: $54,6372018Revenue 2019: $163,095Expenses 2019: $117,713Net Income 2019: $45,3822019Revenue 2020: $136,502Expenses 2020: $63,417Net Income 2020: $73,0852020Revenue 2021: $191,042Expenses 2021: $88,139Net Income 2021: $102,9032021Revenue 2022: $72,748Expenses 2022: $84,263Net Income 2022: -$11,5152022Revenue 2023: $95,610Expenses 2023: $245,712Net Income 2023: -$150,1022023Revenue 2024: $204,866Expenses 2024: $91,941Net Income 2024: $112,9252024

Highlighted filing

2021

Revenue$191,042
Expenses$88,139
Net Income$102,903
Jump To
Filing Snapshot
Filing Period
Nov 1, 2020 to Oct 31, 2021
Signed
Sep 13, 2021
Return Version
2020v4.0
Gross Receipts
$399,440
Mission and Program Overview

Mission

Conduct education activities to foster and promote nautical education, boating and water safety, youth sporting competition, respect for waterways and the environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$712,383$900,185▲ $187,802
Cash and Non-Interest-Bearing Accounts$20,090$37,126▲ $17,036
Savings and Temporary Cash Investments$9,723$11,825▲ $2,102
Inventories for Sale or Use$4,500$4,500→ $0
Intangible Assets$3,162$2,508▼ $654
Total Assets$749,858$956,144▲ $206,286
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$749,858$956,144▲ $206,286
Total Net Assets Fund Balance$749,858$956,144▲ $206,286
Total Liabilities and Net Assets / Fund Balance$749,858$956,144▲ $206,286
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$70,443
Program Service Revenue
$0
Investment Income
$62,214
Other Revenue
$58,385
All Other Contributions
$70,443
Change in Net Assets
$102,903
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$49,222
Other Expenses$38,917
Total Fundraising Expense$22,627
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$25,222--$25,222
Office Expenses$1,348$733$22,627$24,708
Grants to Domestic Individuals$24,000--$24,000
Fees for Service Investment Mgmnt Fees-$4,193-$4,193
Insurance-$907-$907
Depreciation Depletion-$654-$654
Conferences and Meetings-$150-$150
Other Expenses$7,000$30-$30
Total Functional Expenses$57,570$7,942$22,627$88,139
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Halyard ClubGrosse Pointe Farms, MI501c3-$8,000
Challenge the WindDetroit, MI501c3Youth Sailing Prog$7,967
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$87,573
Fundraising Direct Expenses$29,188
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Great Lake Boat$87,573$87,573$3,190$84,383
Total Events$87,573$87,573$20,823$66,750
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Review by president and treasurer, with copies provided to board members.

Form 990, Page 6, Part VI, Line 19

State of michigan attorney general's office receives copies of form 990 and annual financial statements. Articles of organization and statements of purpose are available at the state of michigan website. Other documents are available to the public, upon request.

Filing and Contact Details

Filer

Filer Name
Grosse Pointe Youth Nautical
EIN
27-0700716
Phone
5867714350
Address
PO BOX 290, ST CLAIR SHORES, MI 48080-0290

Signing Officer

Name
John J Morrow Jr
Title
President
Signed
2021-09-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John J Morrow Jr
Formed
2009
Legal Domicile
Mi
Voting Board Members
9
Independent Board Members
0
Employees
0

Preparer

Firm
Polk and Associates Plc
Address
27365 HARPER AVE, SAINT CLAIR SHORES, MI 48081-1920
Preparer
Joshua Markzon
Phone
2486425700
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

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.

Form 990, Part XI, Line 9

Market value adjustment-securities 103,383

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgSrvcAccomActy2Grp/Desc0PUBLICATION & 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.
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CHALLENGE THE WIND
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SUPPORTING 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEW BY PRESIDENT AND TREASURER, WITH COPIES PROVIDED TO BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2STATE OF MICHIGAN ATTORNEY GENERAL'S OFFICE RECEIVES COPIES OF FORM 990 AND ANNUAL FINANCIAL STATEMENTS. ARTICLES OF ORGANIZATION AND STATEMENTS OF PURPOSE ARE AVAILABLE AT THE STATE OF MICHIGAN WEBSITE. OTHER DOCUMENTS ARE AVAILABLE TO THE PUBLIC, UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MARKET VALUE ADJUSTMENT-SECURITIES 103,383
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN J MORROW JR
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ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0EDUCATION FOUNDATION
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ReturnHeader/PreparerPersonGrp/PhoneNum02486425700
ReturnHeader/PreparerPersonGrp/PreparationDt02022-09-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSHUA MARKZON
ReturnHeader/ReturnTs02022-09-15T13:16:44-04:00
ReturnHeader/ReturnTypeCd0990

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.58$0.00$7.58$2.05$0.92$1.13
2023Detailed filing. Detailed filing data is available for this year.$6.68$0.00$6.68$0.96$2.46$1.50
2022Detailed filing. Detailed filing data is available for this year.$7.94$0.00$7.94$0.73$0.84$0.12
2021Detailed filing. Detailed filing data is available for this year.$9.56$0.00$9.56$1.91$0.88$1.03
2020Detailed filing. Detailed filing data is available for this year.$7.50$0.00$7.50$1.37$0.63$0.73
2019Detailed filing. Detailed filing data is available for this year.$6.88$0.02$6.86$1.63$1.18$0.45
2018Detailed filing. Detailed filing data is available for this year.$5.94$0.00$5.94$2.00$1.46$0.55
2017Detailed filing. Detailed filing data is available for this year.$5.62$0.00$5.62$1.75$1.39$0.36
2016Detailed filing. Detailed filing data is available for this year.$4.75$0.00$4.75$2.01$1.36$0.65
2015Detailed filing. Detailed filing data is available for this year.$4.10$0.00$4.10$1.68$1.24$0.45
2014Detailed filing. Detailed filing data is available for this year.$3.81$0.00$3.81$1.87$1.01$0.86
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.93$0.00$2.93$1.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.94$0.00$1.94$1.41
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.03$1.18$0.76$0.80$0.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.25$1.25$1.79$0.57$1.22