2014 AN N UAL REPORT erieycfoundation.org M A K I N G YO U R D I F F E R E N C E O N Presque Isle Bay Letter from the Chairman What a difference a year makes on Presque Isle Bay! As we look west at the Rickloff Community Boathouse, the opportunities are now unlimited as we strive to enhance maritime education in our community. It’s a wonderful facility in which we can now pursue our visions. Over the past 12 months, the Trustees have completed three significant projects — all of which have set the direction of future funding initiatives. These included raising over $1 million for the new education center, completing the construction of the Rickloff Community Boathouse and, most recently, facilitating the start of an intercollegiate sailing program with Gannon University at the boathouse. As part of our community initiatives, a permanent “Needs Based Scholarship Fund” has been created to provide education to those community members that might otherwise not participate in maritime education. Over $100,000 in excess funds from the Education Building Capital Drive are anticipated to become a part of this new Fund as pledges are received. Furthermore, the trustees started a new capital drive to purchase 10 new floating docks ($60,000) and then add an additional six 420 boats ($60,000) to support the Rickloff Community Boathouse programs. Perhaps you would like to float a dock or name your new boat? During this capital campaign, the Foundation continued to raise awareness from the community and seek donations for the permanent sustaining funds. For the first time, we successfully participated in the Erie Gives program in August. In the current year, the Foundation received gifts in the amount of $350,487, and since inception in 2009, we have received $992,879. As our funds grow, our grants will start to benefit many worthy programs. This year, over $5000 was awarded in grants to maritime organizations from our annual and permanent funds. When approaching 2015, please consider the EYC Foundation for a gift to one of our funds or to the new dock and boat capital drive. Perhaps you are planning your estate or thinking about where an insurance bequest might make a difference in Presque Isle Bay’s future. Please consider your Erie Yacht Club Foundation! James McBrier, Chairman Your Foundation Trustees James McBrier, Chairman Michael Tellers, Treasurer Karen Imig, Secretary John Bloomstine David Haller, F/C David Heitzenrater, P/C William Lillis Dennis Markley Mickey McMahon Matt Niemic, P/C Mark Rickloff Statement of Financial Position As of October 31, 2014 Assets Cash and Investments Contributions Receivable, Net Building, Net $ 150,817 $ 250,509 $ 874,475 Total Assets $ 1,275,801 Liabilities Note Payable $ 140,000 Total Liabilities $ 140,000 Net Assets Annual Fund Reyburn Fund Commodore Fund Rickloff Family Sail Fund Klahr Family Fund Education Building Fund $ $ $ $ $ $ 4,771 75,405 39,961 24,650 5,890 985,124 Total Net Assets $ 1,135,801 Total Liabilities and Net Assets $ 1,275,801 Statement of Revenue, Expenses and Grants Paid For the Year Ending October 31, 2014 Revenues Public Support Net Investment Income $ $ 245,633 4,700 Total $250,333 Expenditures Grants and Awards Administrative & Development $ $ 5,505 9,712 Total $15,217 Erie Yacht Club Funds The Commodores Fund supported the Presque Isle Partnership weather buoy in 2013. The Commodore’s Fund Rickloff Family Sail Fund An unrestricted permanent fund supporting annual grants to programs and projects within the mission. This year special grants went to Frolic on the Bay, the Presque Isle Partnership for the new weather buoy off the Peninsula and to the Boy Scouts of American for Eagle Scout sail training. A fund to support the replacement of sails for the Reyburn Sailing School. Current Value........................................................... $24,650 Current Value.........$39,961 Grants in 2014........ $1,200 Reyburn Sailing School Fund A permanent fund supporting programs, needs and scholarships of the Reyburn Sailing School. The school received funding for scholarships and to support the out of town Sailing team. Current Value............................................................$75,405 Grants in 2014............................................................. $2,738 You raised $1,150,000 and made the Rickloff Community Boathouse possible! Boathouse Capital Equipment Campaign Provide capital funds for new docks and boats. Our immediate goal is to raise $60,000 for 10 additional floating boat docks for existing boats followed by and then to buy 10 new 420 boats. Yes, you can name your boat! New Fund You can name a boat $10,000, or float a dock $6,000. Annual Fund Make gifts to your other maritime or community nonprofit organizations and help the Foundation build community awareness. Grants were given to the Lake Erie Interclub Cruise and the Bayfront Center for Maritime Studies. The Reyburn Sailing School Fund helped start the Gannon University Sailing Team with Reyburn Scholarships and funded the racing program. Community Needs Based Scholarship Fund A scholarship program providing educational support to youth and adult Community members that might otherwise not participate in maritime education. New Fund Grants in 2014 ........ $1,567 The Annual Fund supported Frolic on the Bay. Donor Advised Gifts, Insurance and Bequests An opportunity to think about the future of Presque Isle Bay, the Erie Yacht Club and our maritime mission and programs in your planning. Memorial Cards are available at the EYC office. 2013–2014 Contributors Education Building Fund Thomas Agresti Scott Allen Robert Allshouse David Amatangelo Matt Bacon Diane Mitra and Rick Barner Beals-McMahon Painting Robert Becker Douglas Beers Douglas Bert J. Boyd Bert, Jr. Jerome Bien David Blake Chris Bloomstine John Bloomstine Mark Bloomstine William Bloomstine M. Louise Boice Gary Boldt Dennis Bort Clarke Bressler Britton Family Foundation Leo Brugger Builders Hardware John Butine Charles Campagne, Jr. Carrara Steel Robert Chambers Church & Murdock Electric Ken Claunch William Coleman Robert Cunningham James Currie, Jr. Arthur Curtze James P. Dailey Thomas Dailey Michael Dent Paul Detzel Daniel Doyle David Doyle Dan Dundon John Dunn Jeff & Neala Eastman James Edgett Marty Eisert Judy Emling Brad Enterline Erie Community Foundation Keri Fabin Robert Ferraro Robert Ferrier Wallace Flower Fralo Kim Frey Garrett Fuhrman John Gage John Garhart (EYC account) Michael Geiger J. A. Gerbracht Bill Gloekler Marvin Gold Jonathan Goldberg Jack Gordon Fletch Gornall Pete Gorny Michael J. Grab Rick Griffith David Haller Thomas Hanes James Hartwell David Heitzenrater Richard Hersey William & Dorothy Hill Patrick Huntley Karen Imig Sandra Jarecki Eric Johnson Chal Jordan Richard Klaber Lewis Klahr Sally Kohler Paul Kopkowski Tom Kovach J. Clarke Kuebler David Brian Lasher R. Lemuel Lasher Gary Liebel Bill Lillis George Loesel Rich Loesel Longo Plumbing David Loose, Jr. Peter Lund Sally Lund Bob Maas William Makarowski Dennis Markley James Marnen Eric Marshall Charlotte Mashyna James McBrier Family Mark McCain McCormick Brothers Des McDonald Kevin McEnery Robert McGee Mickey McMahon David Mehl Timothy Mehl Merwin Foundation Richard Morrison Harry Mueller, Jr. Jess Murdock Alex & Amanda Nagle Doug & Dick Nagle Robert Nelson Matthew Niemic Paul Nunes Holly O’Hare David Penman Louis Porreco Alexa Potter Nancy Potter Michael Preston Bruce Raimy Gary Raimy Don Richwine Heidi Rickloff Mark Rickloff Mary Rickloff Robertsons Kitchens Randall Rydzewski Mrs. Toni Sample David Sanner Robert Schoeller Ed Schuler Stanley Schuyler Dawn Schultz (GE Match) Schultz Family Seip Familty Foundation James Semple Joe Semple Gregory & Elizabeth Sesler Catherine Shimek South One Supply Conrad Stachelek Janet Stachelek Barry Stamm Frank Stearns Bill Steinbrink Melvin Strausbaugh James Taylor, Jr. Michael Tellers Mary Lou Thomas Russell Thompson Dennis Tobin John Ungerman Gerald Urbaniak Shawn Van Hove, MD Muriel Veenschoten Richard Vicary, Jr. Frank Victor Everret Walker JD Walker William Walker Eugene Ware Charles Weber Timothy Weibel Gary Weibler Mitchell & Christine Wells Natalie Whiteman James Wilcko Harold Will George Willis Matthew Wilson Diana McBrier Wolfe Matthew Wolford Douglas Yarbenet David M. Zurn Roger W. Zurn Reyburn Sailing Fund Bjorn Gabrielsson Presque Isle Partnership Michael Schloss Harley Schultz John Schultz John Schultz, Jr. J. Donald Schwab Richard Speicher Douglas Yarbenet Krahe Memorial Mary Babo Allan Belovarac Timothy Berrier Michael Buccigrossi Robert Buzzanco John Downey Joanne Druzak Harold Eisert Jerome Farrar Eric Franos Denis Franos Gannon Athletic Dept. Brian Hamilton David Harrison Lee Johannesmeyer Joanne Katchen Louis Krahe Sharon Krahe Charlotte Mashyna Mark Marshall Millcreek School District Mary Reiss Richard Robertson Cheryl Sonzala Roger Thayer The Hite Company Venango Twp. Supervisors Louis Wieczorek David Zimmerman G. Diemel Memorial Dennis Braendel Stephen Giewont Eugene Polaski Michelle Tivani Commodores Fund Roger Allenbaugh Robert Allshouse Betsy Bort Mary Burke Charles Champagne, Jr. Alfred Church William Coleman Patrick DeMarco Erie Community Foundation Richard Hersey William Hilbert William Hill Lynette Hughes David Jones Douglas Klaber KC. Dean Klahr Sally Kohler Julie Lasher Robert Lasher William Lasher Thomas Madura James McBrier James McKibben Timothy McNair Ray Nicolia Mark Rickloff Richard Robertson Ann Schoeller Nicholas Scott Jay Shimek Clive Tattersall Russell Warner Thomas Weyand Matthew Wilson Edward Wittmann F. Sickert Memorial James McBrier Annual Fund Bianchi Motors David Blake Boat Owners Assn. of U.S. Chubb Charity Steris Good Neighbor Fund The Erie Yacht Club Foundation PO Box 648 Erie, PA 16512 phone (814) 453-4931 erieycfoundation.org
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