The Northeast Harbor Fleet Annual Report 1993 The Northeast Harbor Fleet 1993 photographs by Debby Light, Sydney Roberts Rockefeller and Andrew Stephenson Burgee, The Northeast Harbor Fleet This annual report is dedicated to the memory of Jarvis Cromwell, Commodore from 1946-1947 and to Mrs. Crawford C. Madeira, both long-time loyal and generous friends of the Fleet. THE NORTHEAST HARBOR FLEET 1993 OFFICERS (Elected September 3, 1992 to serve one year commencing October 1, 1992) Commodore ALAN McILHENNY, JR. Vice Commodore MINTURN V. CHACE Rear Commodore THOMAS R. ELKINS Treasurer CHRISTOPHER HUTCHINS Clerk CHRISTIAAN van HEERDEN Chair of the Nominating Committee SYDNEY ROBERTS ROCKEFELLER Chair of the House Committee NANCY D. HOPPIN Fleet Counselor JOHN N. KELLY Executive Committee Minturn V. Chace Alan McIlhenny, Jr. Thomas R. Elkins Sydney Roberts Rockefeller Nancy D. Hoppin Frederic C. Towers Christopher Hutchins Christiaan van Heerden John N. Kelly Wayne W. Wibby Kevin Mahaney 3 Executive Secretary Andrew W. Stephenson Assistant Treasurer Kathleen Graves Race Committee Frederic C. Towers, Chairman Richard W. Homer Burnham Litchfield James A. Lash Mia Thompson Brown Robert Brown Class Captains Patrick Wilmerding - Cruising Class David Rockefeller, Jr. - International Class Deborah Jones Lash - J-24 Class Andrew W. Stephenson - Mercury Class Launching Optimists 4 FORMER OFFICERS Commodore George Davenport Hayward 1923-1925 Edward W. Madeira 1925-1927 W. Barton Eddison 1928-1935 Henry Rawle 1936-1939 William J. Strawbridge 1940-1942, 1957, 1960-1961 Harry G. Haskell 1943-1945 Jarvis Cromwell 1946-1947 Hermann M. Hessenbruch 1948-1950 Harry R. Neilson, Jr. 1951, 1955-1956, 1976 Stuart S. Janney, Jr. 1952-1954 William D'O. Lippincott 1958-1959 Benjamin R. Neilson 1962 Edward McC. Blair 1963-1965 John F. Ducey, Jr. 1966-1968 Dr. Kaighn Smith 1969-1971 Alan McIlhenny 1972 Dr. Joseph L. Grant 1973-1975 Redmond C.S. Finney 1977-1980 Dr. Wayne W. Wibby 1981-1983 Harry R. Madeira 1984-1988 Burton C. Gray 1989 Sydney Roberts Rockefeller 1990-1992 Vice Commodore Edward W. Madeira 1923-1925 Frederic O. Spedden 1925-1926, 1931 Edmund S. Burke, Jr. 1927 Charles D. Dickey 1928, 1944 Rt. Rev. Malcolm E. Peabody 1929 John Tyssowski 1930 Ernest B. Dane, Jr. 1932 Dr. William Earl Clark 1933-1935, 1945 Vance C. McCormick 1936-1937 Harry G. Haskell 1938-1942 W. Rodman Fay 1943 W. Barton Eddison 1946 William C'O. Lippincott 1947 P. Blair Lee 1948-1950 Stuart S. Janney, Jr. 1951 5 William J. Strawbridge 1952 Harry G. Haskell, Jr. 1953 Robert E.L. Johnson 1954 David Rockefeller 1955-1959 Edward W. Madeira, Jr. 1960-1962 Benjamin R. Neilson 1963-1964 John F. Ducey, Jr. 1965 John B. Reece 1966-1970 Harry R. Madeira 1971-1975, 1981-1983 Redmond C.S. Finney 1976 Minturn V. Chace 1984 Dr. Wayne W. Wibby 1977-1980 Charles D. Dickey, Jr. 1985-1987 Burton C. Gray 1988 Sydney Roberts Rockefeller 1989 Stephen B. Homer 1990 Position was unfilled 1991 Alan McIlhenny, Jr. 1992 Rear Commodore Charles D. Dickey 1927 John Tyssowski 1928-1929 Reginald C. Robbins 1930 Arthur P. Butler 1931 Dr. William Earl Clark 1932, 1936 W. Rodman Fay 1933 Alexander Torrance 1934 Henry Rawle 1935 Harry G. Haskell 1937 Wharton Sinkler 1938, 1946-1947 Hugh M. Matheson 1939 Ernest Kanzler 1940-1941 Mrs. Mary C. Rockefeller 1942 James G. Ducey 1943, 1951 Vance C. McCormick 1944-1945 Stuart S. Janney, Jr. 1948-1950 Harry G. Haskell, Jr. 1952 Robert E.L. Johnson 1953 Henry T. Reath 1954 Edward W. Madeira, Jr. 1955-1959 Henry B. Coxe, Jr. 1960-1961 David Rockefeller 1961-1963 6 John F. Ducey, Jr. 1964 John B. Reece 1965 Charles L. Ill 1966-1967 Dr. Kaighn Smith 1968 Harry R. Madeira 1969-1970 Alan McIlhenny 1971 Dr. Joseph L. Grant 1972 S. Whitney Dickey 1973-1974 Redmond C.S. Finney 1975 Dr. Wayne W. Wibby 1976 Rufus M.G. Williams 1977-1980 Minturn V. Chace 1981-1983, 1992 Charles D. Dickey, Jr. 1984 Burton C. Gray 1985-1987 Sydney Roberts Rockefeller 1988 Stephen B. Homer 1989 Position was unfilled 1990 Alan McIlhenny, Jr. 1991 Minturn V. Chace 1992 Treasurer Gerrish H. Milliken 1923-1940 Henry Rawle 1941 P. Blair Lee 1942-1947 D. Luke Hopkins 1948-1950 David Rockefeller 1951-1954 Bayard H. Roberts 1955-1958 Harry R. Neilson, Jr. 1959-1967 S. Whitney Dickey 1968-1972 Edward S. Madara, Jr. 1973-1980 Reade D. Nimick 1981-1987 Charles D. Dickey, Jr. 1988-1991 Christopher Hutchins 1992 Executive Secretary Lawrence W. Dickey 1923-1924 Charles P.B. Jeffreys 1925-1926 Robert E.L. Johnson 1927-1928 Howard Cooper Johnson, Jr. 1929-1932 Arnold W. Lunt 1933-1941, 1946-1948 7 Philip M. Caughey 1942 James G. Ducey 1943-1945, 1951-1959 Edmund L. Coombs 1949-1950 Melville T. Hodder 1959-1962 John N. Kelly 1963-1964 Alessandro Vitelli 1965 John H. Walls 1966-1968 William C. Melcher, III 1968 Michael C. Madeira 1969 Mrs. Constance B. Madeira 1970-1973 Charles L. III, III 1974-1976 Alan McIlhenny, Jr. 1977-1978 Christopher H. Zamore 1979-1980, 1983 Elliott W. Wislar 1981-1982 Henry S. Fox 1984-1985 Oliver H.P. Pepper, III 1986-1987 Morgan S. Brown 1988-1989 Andrew W. Stephenson 1990-1992 Robert M. Bass and crew, winner of the Hayward Cup Race in Rampant. 8 By Certificate of Organization of a Corporation under the General Law of the State of Maine The name of said corporation is THE NORTHEAST HARBOR FLEET The purpose of said corporation is: A Yacht Club for the promotion of yachting as an amateur sport at Northeast Harbor in the Town of Mount Desert, Maine and its vicinity. THE NORTHEAST HARBOR FLEET BY-LAWS ARTICLE I Membership SECTION 1. Membership in The Northeast Harbor Fleet shall be open to persons interested in yachting and shall be divided into five classes, namely: Family Members, Individual Members, Junior Members, Honorary Members, and Non-resident Members. The Executive Committee may from time to time elect eligible persons to one of these categories. FAMILY MEMBERS. Any person or couple eligible for membership in the Fleet and desirous of providing the privileges of membership for their immediate family (spouse, children and grandchildren under 18) who are living with them in their residence may become Family Members. House guests of Family Members are entitled to use the Fleet's facilities, but are not entitled to other privileges of membership. INDIVIDUAL MEMBERS. Any eligible person 18 years of age or over may become an Individual Member of the Fleet. The spouse, children and house guests of Individual Members, when accompanied by the member, are entitled to use the Fleet's facilities, but are not entitled to other privileges of membership. JUNIOR MEMBERSHIP. Any eligible person who has reached his 6th birthday and has not passed his 18th birthday may become a Junior member of the Fleet. Junior Membership is required for participation in the Junior Program, except that Junior Members may introduce as guests other juniors, not part of their immediate family, staying with them in their home, for one period each summer not to exceed one week. Such guests may enjoy all the privileges of membership to which the Junior Member is entitled except being listed in the Annual Report. 9 Junior guests whose stay in a member home is expected to exceed one week and who are desirous of continuing the privileges of membership must apply to become Junior Members. Junior Members are not entitled to voting privileges. There shall be no dues for children of Family Members. HONORARY MEMBERS. Honorary Members shall be such persons as the Executive Committee may from time to time elect to Honorary Membership. There shall be no dues for Honorary Membership. NON-RESIDENT MEMBERS. In August of each year the Executive Committee shall approve or disapprove, at its discretion, applications for Non-resident Membership basing its decision on the following criteria. The applicant must have had membership in the Fleet for five (5) consecutive years preceding the application. The applicant must not reside in or regularly visit the Mount Desert Island area during such period of Non-resident Membership. INITIATION FEE. Except in Junior and Honorary Membership, there shall be an Initiation Fee for all new members of the Fleet, except for former Junior Members who have not yet reached their 30th birthday. SECTION 2. Dues are payable July 1 and names of members with dues unpaid by July 1 will be posted at the Fleet Headquarters. In no event may members (including Junior Members) or their guests use Fleet facilities or participate in Fleet activities without having paid the appropriate member dues. Members with dues unpaid on August 31 will be dropped from the rolls. SECTION 3. Any member who shall have paid all dues and charges currently owed may resign upon written notice given to the Treasurer. Upon termination of membership for any reason a member shall forfeit to the Fleet all the benefits and privileges of membership and all right, title and interest in and to the Fleet of any of its property. SECTION 4. Membership shall not be transferrable unless, in the case of the death of a member, the Executive Committee in its descretion shall SO permit. SECTION 5. A member may be expelled by majority vote of the Executive Committee or a majority vote of the entire Fleet membership at any duly convened meeting of said Committee or of members of said Fleet, for failure to comply with the articles of incorporation, by-laws, or any duly adopted policies, rules, or regulations of the Fleet, provided that ten days written notice shall have been given to such member setting forth the intention to propose his or her expulsion, the specific reason therefor, and the right of the member to appear and be heard in person or by counsel at the meeting at which such expulsion shall be proposed. 10 ARTICLE II Meetings of Members SECTION 1. The annual meeting of the members shall be held at Northeast Harbor, Maine, in the month of August or September in each year on such day and at such hour and place as the Executive Committee may determine. Special meetings of the members may be called at any time, at the direction of the Commodore or of the Executive Committee or at the written request of ten or more of the members. SECTION 2. Seven days' written notice of each meeting of the members shall be sent to each voting member. If a meeting is adjourned, it shall not be necessary to give any notice of the adjourned meeting. SECTION 3. Each voting member, which shall include all members except Junior members, shall be entitled to one vote at every meeting of the members. SECTION 4. The election of officers and of members of the Race Committee shall be by ballot. A majority of all the votes cast at a duly organized meeting shall be necessary in all elections. ARTICLE III Officers SECTION 1. The officers of the Fleet shall be a Commodore, a Vice Commodore, a Clerk, a Treasurer, a Chairman of the Race Committee, a Chairman of the House Committee, a Fleet Counselor, and such other officers and assistant officers as may be deemed necessary or advisable by the Executive Committee. SECTION 2. With the exception of the Chairman of the Race Committee and the Fleet Counselor, all Officers shall be elected by the members at the annual meeting and shall hold office from the first of October following their election for a period of one year or until their successors are elected. No person shall be eligible for election to any office at the annual meeting unless nominated in writing by five members and filed with the Clerk not less than five days before the annual meeting. All such nominations shall be posted on the bulletin board of the Fleet Headquarters for the five days preceding such meeting. The Fleet Counselor shall be elected by the Executive Committee. The Chairman of the Race Committee shall be appointed by the Commodore from the existing members of the Race Committee. SECTION 3. Any officers may be removed by the Executive Committee whenever in its judgment the best interests of the Fleet will be served thereby, and the Executive Committee shall have power to fill any vacancies in any office, except that of Chairman of the 11 Race Committee (who shall be appointed by the Commodore), occuring from whatever reason. SECTION 4. The duties of the Commodore, Vice Commodore, Rear Commodore, Clerk and Treasurer, shall be those usually pertaining to the offices of President, Senior Vice President, Vice President, Secretary and Treasurer, respectively. The Commodore shall be an ex-officio member of all committees. ARTICLE IV Executive Committee SECTION 1. The Executive Committee shall consist of the officers, and of three other members appointed by the Commodore. SECTION 2. The Executive Committee shall manage the affairs of the Fleet, and except as otherwise provided by law, by the Charter or by these By-Laws, shall exercise all powers of the Fleet. Specifically, but without limitation, the Executive Committee shall have the power and authority to hire and appoint an Executive Secretary and Assistant Treasurer to perform those duties assigned by the Executive Committee. ARTICLE V Race Committee SECTION 1. The Race Committee shall consist of five elected members, and the Commodore and Executive Secretary, if any, as members of ex-officio. Except as otherwise provided in these By- Laws, the ex-officio members shall be without vote. The elected members shall be nominated and elected in the same manner, and shall serve for the same term, as provided by these By-Laws with respect to officers. Members of the Committee shall notify the Chairman of the Committee prior to July 1st if unable to be at Mount Desert Island for any part of the summer during which they have been elected to serve, in which case their resignation shall become automatic. The Commodore shall fill any vacancies which may occur from whatever cause, and may in his discretion, at any time during the summer when there are insufficient members of the Race Committee present for the Race Committee to properly perform its assigned duties, appoint additional members of the Race Committee. SECTION 2. The management of all races shall be under the direction of the Race Committee. All decisions of the Race Committee shall be by majority vote of its members present, except that in case of a tie, the Commodore may cast the deciding vote. The general authority of the Committee is defined in The Yacht Racing Rules as adopted by The U.S.S.A., Part II, Rule 1.2: 12 1. All races shall be arranged, conducted and judged by a Race Committee under the direction of the sponsoring organization, except as may be provided under rule 1.2. The Race Committee may delegate the conduct of a race, the hearing and deciding of protests or any other of its responsibilities to one or more sub-committees which, if appointed, will hereinafter be included in the term "Race Committee" wherever it is used. ARTICLE VI SECTION 1. The Nominating Committee shall be formed each year to nominate candidates for office. The Committee shall consist of five members, selected in the following manner: Two members shall be the two most immediate past Commo- dores willing to serve, with the most immediate such past Commodore as Chairman. One additional member shall be appointed by the current Commodore. Two other members shall be appointed by the three members described above. SECTION 2. It shall be the responsibility of the current Chairman of the Nominating Committee to ascertain the two past Commodores willing to serve on the following year's Committee. SECTION 3. The Committee shall nominate candidates for each office each year except Fleet Counselor and Race Committee Chairman. SECTION 4. No candidate for Office shall serve on the Nominating Committee. ARTICLE VII Fleet Insignia And Flag SECTION 1. The Fleet insignia shall be a symbolic compass with the arrow pointing northeast. It shall be drawn as shown in the attached diagram. SECTION 2. The Fleet burgee shall consist of a red pointed flag, the hoist to be two-thirds of the length, with the Fleet insignia in blue of a diameter equal to one-third of the length centered at a point equidistant from the two longer sides of the flag and one-third of the distance from the hoist to the end of the flag; the space between the outer band and the central disk of the insignia to be white. SECTION 3. Members of the Fleet shall have the right to fly the Fleet burgee. 13 ARTICLE VIII Fiscal Year The fiscal year of the Fleet shall end on September 30. ARTICLE IX Amendments These By-Laws may be amended by the Executive Committee or by the members at any regular or special meeting duly convened after seven days' written notice to the members of the Executive Committee or the members of the Fleet as the case may be, of that purpose; provided that within sixty (60) days after the adoption of any amendment of these By-Laws by the Executive Committee, written notice thereof shall be sent to each member. Staff and sailors. 14 REPORT OF THE COMMODORE 1993 Dear Fleet Members, I will remember last summer as one of the most poignant in my 49 years of coming to this magical island. I am still amazed that I was elected Commodore (the first woman) and that despite all the hard work that comes with the job that I would be SO emotional about relinquishing it. My commitment to the Fleet and its programs has been sincere if chaotic but I hope that the extraordinary hard work and collaborative efforts between the Flag Officers, Staff, Junior Sailing Program, Long-Range Planning, Nominating, Race Commit- tees, and work with the other clubs - tennis, swimming and golf, culminating in the Quadrathlon has helped renew some enthusiasm into our program. At our our annual meeting on September 3rd, I really missed seeing the Fleet floor overflowing with children, but because of the lateness of Labor Day we presented the awards a week earlier. It was a marvelous event attended by many happy young rowers and sailors and very proud parents. Despite a relatively grey, cold, windless or too windy summer, we made strides in becoming a stronger organization by combining a more professional program intersperced with a variety of non- competitive events. There are SO many people to thank for these innovations, that instead of including them in this letter, they are printed on page 18. They all get a huge heartfelt collective hug from me. Every one of them has made a very important contribution to the Fleet. The two most notable being the Summer Series Ocean Races and the Wednesday evening races. Earlier last summer I heard a rumor, and to my utmost despair found out that it was true. Unfortunately for all of us, Andy Stephenson has decided not to return as Executive Secretary next summer. In his official letter of resignation to me dated September 9th he explained coming to this decision SO he could spend more time with his wife Becky and the need to take the necessary courses to earn his teaching certification. He also added that the Fleet has done a lot for him in the last three years and he has met some very generous and kind people, and feels a strong commitment to our organization. I know we will all miss him and wish him the best of luck, but are thankful that he is willing to help train his successor and wants to continue to share in the fun that the Fleet affords. The choice to give the Charles D. Dickey Award is one of the Commodore's privileges. It is given to a person who has shown 15 enormous interest in the Fleet over a long period of time. It has not been awarded every year because its recipient must be really special, but as last summer was my last chance, I couldn't resist the privilege. The person I chose has been a clear-headed and wise member of the Executive Committee on and off since 1965 and despite the fact that he resigned the minute I became Commodore, he grew to be an extremely supportive friend on land and competitor on sea. This award came from my heart to someone who has given a lot of his heart to the Fleet: Minot K. Milliken. I can't resist mentioning two important people who aren't printed on the list on page 18. These are my long suffering parents, Bayard and Weasel Roberts. They have been incredibly generous landlords, hosts and invaluable, energetic and patient advisors. In conclusion I would also like to thank all of you for being SO supportive of me. It would have been a lonely and formidable task without it. To those members of the Executive Committee who will no longer be serving officially, you have been a dedicated and superb influence to us over the years - Harry Madeira, Constance Madeira, Joseph Grant and Frances Smith. Words cannot express my gratitude. I know that Alan McIlhenny, Jr., will do a superb job. You have all received a letter from him outlining our new hopes and dreams, and I look forward to continue working with him and the other members of the Executive Committee. It has been a real honor to serve you and I will always treasure the nickname - Hurricane Syd. Respectfully, Sydney Roberts Rockefeller 16 1992 STAFF MEMBERS Andrew W. Stephenson - Executive Secretary Laura A. Hamblen - Assistant Secretary Dale Hadlock - Supervisor of Fleet Properties Kay Graves - Assistant Treasurer Billy Hooper - Head Sailing Instructor Eliot Merrill - Head Racing Instructor Erica Beck - Sailing Instructor Julie Caldwell - Sailing Instructor Marianna Hyman - Sailing Instructor Laura Welles - Sailing Instructor Leah Johnson - Assistant Sailing Instructor Brad Madeira - Assistant Sailing Instructor Josh Madeira - Assistant Sailing Instructor Tom Kennedy - Assistant Sailing Instructor William E. Elkins - Rowing Master, July Ben Elkins - Rowing Instructor Avery Draper - Rowing Instructor Lisa Funk - Rowing Instructor Tegan Graves - Rowing Instructor Mia Sage - Rowing Instructor Leandra Collier - Rowing Master, August Melissa Grassi - Rowing Instructor Virginia Biddle - Rowing Instructor Sasha Lewis - Rowing Instructor Anne Cecile Tompkins - Rowing Instructor Tacy Connell - Rowing Instructor Binky McSweeney - Rowing Instructor Nick Wilmerding - Dock Duty Richard Wright - Dock Duty Andre' Valenzuela-Tyson - Dock Duty Chris Moore - Dock Duty Mike Johnson - Dock Duty & Maintenance 17 1992 COMMITTEE MEMBERS Frederick Towers - Race Committee Chairman James Lash - Race Committee Richard Homer - Race Committee Stephen Homer - Race Committee Robert Brown - Race Committee Mia Thompson Brown - Race Committee Burnham Litchfield - Race Committee Sydney Roberts Rockefeller - Junior Sailing Committee Betsy Collier - Junior Sailing Committee Ted Cooper - Junior Sailing Committee Tom Elkins - Junior Sailing Committee Mazzie Gogolak - Junior Sailing Committee Deborah Lash - Junior Sailing Committee Mrs. Constance B. Madeira - Junior Sailing Committee Gary Madeira - Junior Sailing Committee Alan McIlhenny, Jr. - Junior Sailing Committee Lewis Moore - Junior Sailing Committee Andy Stephenson - Junior Sailing Committee Minturn V. chace - Junior Sailing Committee Alan McIlhenny, Jr. - Long Range Planning Sydney Roberts Rockefeller - Long Range Planning Minturn V. Chace - Long Range Planning Mazzie Gogolak - Long Range Planning Peter Horneffer - Long Range Planning Henry Reath - Long Range Planning Robert Brown - Long Range Planning Stephen Homer - Long Range Planning Kevin Mahaney - Long Range Planning Patrick Wilmerding - Summer Series Ocean Races Wayne W. Wibby - Nominating Committee Chair Dr. Joseph Grant - Nominating Committee Stephen B. Homer . Nominating Committee Gail F. Cook - Nominating Committee Frances C. Smith - Nominating Committee And all the wonderful Quadrathalon volunteers! 18 HORTON, McFARLAND & VEYSEY Certified Public Accountants Ellsworth, Maine 04605 M.R. Horton, Jr., CPA Area Code 207 James E. McFarland, CPA 667-5529 Floyd S. Veysey, CPA November 24, 1992 To the Executive Committee of The Northeast Harbor Fleet Northeast Harbor, Maine We have audited the accompanying statement of assets, liabilities, and fund balances of the Northeast Harbor Fleet as of September 30, 1992 and 1991, and the related statements of revenue, expenses, and changes in fund balances and cash flows for the years then ended. These financial statements are the responsibility of management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Northeast Harbor Fleet as of September 30, 1992 and 1991, and the results of its operations and its cash flows for the years then ended in conformity with generally accepted accounting principles. Horton, McFarland & Veysey 19 Exhibit A THE NORTHEAST HARBOR FLEET STATEMENT OF ASSETS, LIABILITIES AND FUND BALANCES AT SEPTEMBER 30 Assets 1992 1991 Current Assets: Cash 57,497 50,917 Accounts Receivable 18,698 11,194 Inventory 3,257 4,018 Unexpired Insurance 7,843 7,511 Prepaid Fees 6,082 4,824 Prepaid Payroll Taxes 80 Total Current Assets 93,377 78,544 Investment in Clifton Dock Corp. 55,749 58,544 Plant & Equipment: Land 6,342 6,342 Land Improvements 23,105 21,831 Headquarters Building & Pier 54,277 54,277 Building Improvements 27,743 25,193 Boats & Motors 81,514 80,855 Floats & Ramps and Moorings 46,525 42,579 Fixtures & Equipment 21,946 20,253 Total 261,452 251,330 Less: Accumulated Depreciation 210,876 194,758 Net Plant & Equipment 50,576 56,572 Total Operating Fund Assets 199,702 193,660 James G. Ducey Memorial Fund Investments: Cash Equivalents 18,826 17,763 Mutual Funds 8,428 8,428 Add: Increase in Market Value 10 (487) Total Memorial Fund Assets 27,264 25,704 Total Assets 226,966 219,364 Liabilities and Fund Balances Current Liabilities: Accounts Payable - Trade 10,597 923 Accrued Sales Taxes 8 Total Current Liabilities 10,605 923 Operating Fund Balance 189,097 192,737 20 Exhibit A Cont'd 1992 1991 James G. Ducey Memorial Fund Balances 27,264 25,704 Total Liabilities & Fund Balances 226,966 219,364 Waiting for the wind. 21 THE NORTHEAST HARBOR FLEET Exhibit B STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND BALANCES FOR THE YEARS ENDED SEPTEMBER 30 1992 James G. Ducey 1991 Operating Memorial Totals Totals Revenue: Annual Dues 89,575 89,575 91,480 Cruise Fees 1,519 1,519 1,988 Rock Race Fee 1,255 1,255 125 Sailing Instruction 32,590 32,590 26,686 Rowing Instruction 5,440 5,440 Dock Charges 1,440 1,440 220 Boat Charter 135 135 Interest 1,054 1,308 2,362 1,934 Merchandise Sales 1,573 1,573 2,362 Fleet Tea 405 405 350 Contributions J. Cromwell Memorial 5,085 5,085 Burton Gray Memorial 250 250 Miscellaneous 643 643 721 Contract Services 5,000 5,000 5,000 Total Income 145,964 1,308 147,272 130,866 Expenses: Salaries 52,016 52,016 58,114 Employees Benefits 2,149 2,149 Contract Services 11,317 11,317 Taxes 9,476 140 9,616 8,201 Office Supplies & Expenses 2,885 2,885 3,312 Printing 3,930 3,930 4,338 Telephone 2,851 2,851 1,754 Utilities 578 578 317 Insurance 10,195 10,195 9,397 Bank Charges & Auditing 1,942 1,942 1,978 Interest 1 1 74 Gas & Oil 2,550 2,550 2,153 Repairs & Maintenance - Plant 3,761 3,761 3,147 Repairs & Maintenance - Boats 12,329 12,329 9,660 Boat Commissioning 4,115 4,115 3,748 Mooring Rentals 2,358 2,358 2,268 Staff Uniforms 824 824 680 22 Exhibit B Cont'd 1992 James G. Ducey 1991 Operating Memorial Totals Totals Sailing & Rowing Classes 2,841 2,841 734 Cruise Expense 1,592 1,592 1,718 Trophies & Prizes 1,254 1,254 1,408 Teas & Lunches 641 641 1,479 Dues & Fees 180 105 285 320 Cost of Merchandise Sold 1,842 1,842 1,313 Housing 4,398 4,398 4,261 Extraordinary Mercury Rigging 4,858 4,858 Contribution 1,000 1,000 Miscellaneous Expense 1,784 1,784 915 Net (Gain) Losses on Investments 2,236 Total Expenses 143,667 245 143,912 123,525 Gain Before Depreciation 2,297 1,063 3,360 7,341 Depreciation of Plant & Equipment 16,118 16,188 13,871 Excess (Deficiency) of Revenue Over Expenses for the Year (13,821) 1,063 (12,758) (6,530) Assessments for Capital Improvements 14,975 Capital Contributions 12,975 12,975 21,735 Increase (Decrease) in Market Value of Securities Held for Investment 497 497 3,439 Increase (Decrease) in Carrying Value of Clifton Dock Corp. (2,795) (2,795) (5,236) Net Increase (Decrease) for the Year (3,641) 1,560 (2,081) 28,383 Fund Balances Beginning of Year 192,738 25,704 218,442 190,058 Fund Balances End of Year 189,097 27,264 216,361 218,441 23 Exhibit C THE NORTHEAST HARBOR FLEET STATEMENT OF CHANGES IN CASH FLOWS OPERATING FUND FOR THE YEARS ENDED SEPTEMBER 30, 1992 Operating James G. 1991 Fund Ducey Totals Totals Cash Flow from Operating Activities: Net Operating Gain (Loss) for the Year (13,821) 1,063 (12,758) (6,530) Adjustments to Reconcile Net Operating Gain To Net Cash Provided by Operating Activities: Depreciation 16,118 16,118 13,871 (Increase) Decrease in: Accounts Receivable (7,504) (7,504) (5,357) Inventory 761 761 (999) Prepaid Expenses 1,510 1,510 (695) Increase (Decrease) in: Accounts Payable 9,674 9,674 (2,216) Accrued Payroll Taxes (1,887) Accrued Sales Tax 8 8 Total Adjustments 20,567 20,567 2,717 Net Cash Provided by Operating Activities 6,746 1,063 7,809 (3,813) Cash Flow from Investing Activities: Purchase of Motors (1,750) Purchase of Land Improvements (1,273) (1,273) Purchase of Floats (3,945) (3,945) (11,390) Purchase of Building Improvements (2,550) (2,550) Purchase of Equipment (2,353) (2,353) Purchase of Securities (1,063) (1,063) (13,942) Sale of Securities 15,029 (10,121) (1,063) (11,184) (12,053) 24 Exhibit C Cont'd Cash Flow from Contributions: Capital Contributions - Floats 14,975 - Other 12,975 12,975 21,735 12,975 12,975 36,710 Net Increase in Cash 9,600 9,600 20,844 Cash at Beginning of Year 50,917 50,917 30,073 Cash at End of Year 60,517 60,517 50,917 Supplemental Disclosures: Interest Paid 1 74 Income Taxes Paid 140 222 Allegro and Woodie. 25 THE NORTHEAST HARBOR FLEET NOTE TO FINANCIAL STATEMENTS SEPTEMBER 30, 1992 Note 1 - Significant Accounting Policies Income Recognition The financial statements are presented on the accrual basis. Cash and Cash Equivalents All cash is held in liquid checking, money market or savings deposits. Inventories Supplies and resale items are carried at cost, determined by the first-in, first-out method. Depreciation Plant and equipment are recorded at cost and are depreciated at rates calculated to amortize the original cost over the useful lives of the respective assets on a straight-line basis. Accumulated Cost Rate Depreciation Land 6,342 Land Improvements 23,105 3-21% 16,531 Building & Pier 54,277 3 38,297 Building Improvements 27,743 5-12 19,527 Boats & Motors 81,514 5-22 78,909 Floats & Ramps 46,524 5-20 37,745 Fixtures & Equipment 18,441 5-22 17,871 Racing Markers 3,506 20 1,996 261,452 210,876 value. Investment - Clifton Dock Corporation Northeast Harbor Fleet owns all the outstanding stock of Clifton Dock Corporation which engages in waterfront service activities and is taxable as a C Corporation under federal and state income tax rules. The Fleet pays mooring fees to Clifton and also furnishes certain contract labor for it. Clifton's Book value was reported at $55,749 at September 30, 1992. Investment - Memorial Fund Investments in the James G. Ducey Memorial Fund had an aggregate cost and market value of $27,254 and $27,264 at September 30, 1992, and in accordance with Fleet policy are stated at market value. 26 Income Taxes The Fleet is a tax exempt entity under Section 501(c)(7) of the Internal Revenue Code and, accordingly, is not subject to Federal Tax. However, the Fleet is subject to Federal income tax on its unrelated trade or business income of $1,000 or more. Interest income of $1,362 was taxable for 1992. Pep talk before the quadrathalon, July. 27 FOURTH OF JULY SERIES IOD CLASS Place Yacht Skipper Adj Pts 1 Tundra David Rockefeller, Jr. 53/4 2 Dram Jock H.M. Crothers 10 3/4 3 Auriga Stephen T. Madeira 13 4 Chibiabos Minturn V. Chace 17 5 Satin Doll Sydney Roberts Rockefeller 18 6 Live Yankee Charles C. Crofoot 193/4 7 Allegro Prentice Strong & Philip Fuller 22 8 Puff Stephen B. Homer 23 9 Darkstar William F. Dowling 25 10 Magic Bus Richard W. Homer 28 11 Jack Rabbit Robert F. McKown 33 12 Humlen Frederic C. Towers 36 13 Acontia Minot K. Milliken 38 14 Shun-Li Arthur G. Gilkes 40 15 No. 19 Joseph Fogg III & Nathaniel Reece 43 16 Woodie John T. Roberts 43 18 Hannah Marie Dan Burt DNQ J-24 CLASS 1 Local Talent Thomas F. Brown 21/4 2 Freeloader Matt Evans 10 3 Viridian John Clunan 12 4 Havoc Scott Richardson DNQ 5 Mistejack Ryan Donahue DNQ MERCURY CLASS 1 202 Josh Madeira 53/4 2 204 Brad Madeira 11 3 201 Charles Hoppin DNQ 4 203 Anne Mazlish DNQ 5 205 Jamie Funk DNQ 6 206 Brooke Reece DNQ 7 208 Henry May DNQ 28 JULY PARENT/CHILD RACE July 16, 1992 Adj. Yacht Crew Points Alondra Ted & Locke Cooper 23/4 Mischief Henry Brauer & Sarah Coffin 43/4 Edward Stewart Charlie & Margo Hoppin 6 Evermore Ted & Laura Welles 8 Triton Mazzie & Stephen Gogolak 9 Magic Tim Coburn & Danny Humphrey 11 Columbia Heather, Becky & Lance Leone 16 Mr. & Mrs. Dinsmore & Emily Gralnek 16 Quick Silver Debby & Charlotte Light 16 Norumbega Chuck & Mary Lou Yarnell 19 PEGGY KENNEDY MEMORIAL TROPHY RESULTS July 21 & 22 Adj. Sail # Skipper & Crew Points 496 Peter Wells & Suzanne Wells 53/4 7 Richard Wright & Josh Madeira 13 3/4 8 Chad Cooper & Jamie Funk 19 13 Brad Madeira & Amy Grace, Stephen Gogolak 24 23 Chris Pulling & Lance Davis 33 22 Mara Grace & Isabella de Romani 37 Kate Elkins & Julia Butler 39 5 Mary Margaret Fitch & Julia Hamner 43 3 Richard Storey & India Foster 43 29 JULY 23 OCEAN RACE Class A Place Yacht Skipper Corrected Time 1 Otter Patrick Wilmerding 3:56:50 2 Reindeer E. Newbold Smith 4:00:02 3 Painted Lady Robert M. Bass 4:06:45 4 Next Boat Robert Walmsley 4:48:05 5 Oh Promise Me Burnham Litchfield 5:01:11 6 Volante Steven Walmsley 7 Pequot Bevin Cherot 5:08:23 8 Baliera Constance Madeira 5:08:32 9 Lupine Benjamin McKinnon 5:09:35 DNF VMG Robert Brown 5:15:00 DNF Baloo Edward Dysart Class B 1 Ariel Thomas Kohlhas 4:57:31 DNF Safari Names Unavailable DNF Palmyra Names Unavailable W. BARTON EDDISON RACE July 30, 1992 Place Yacht Skipper Class 1 Satin Doll Will Elkins IOD 2 Jack Rabbit John Henry IOD 3 Auriga Stephen Gogolak IOD JULY SERIES IOD Class Place Yacht Skipper Adj Pts 1 Dram Jock H.M. Crothers 9 1/2 2 Runner Jock Kohlhas 14 1/4 3 Rampant Robert M. Bass 23 4 Live Yankee Charles C. Crofoot 303/4 5 Satin Doll Sydney Roberts Rockefeller 36 6 Chibiabos Minturn V. Chase 37 7 Acontia Minot E. Milliken 46 8 Darkstar William F. Dowling 493/4 9 Humlen Frederic C. Towers 51 10 Allegro Prentice Strong & Philip Fuller 54 30 11 Puff Stephen B. Homer 57 12 Jack Rabbit Robert F. McKown 60 13 Woodie John T. Roberts 61 14 Magic Bus Richard W. Homer 66 15 Auriga Stephen T. Madeira 72 16 Shun-Li Arthur G. Gilkes 84 17 No. 19 Joseph Fogg III & Nathaniel Reece 86 18 Cygnet Christopher Hutchins 87 19 Dicer Edward R. Dysart 93 20 Hannah Marie Dan Burt 99 J-24 Class Place Yacht Skipper Adj Pts 1 Local Talent Thomas F. Brown 41/4 2 Freeloader Matt Evans 9 1/2 3 Havoc Scott Richardson 10 4 Excess Mia Thompson Brown 20 5 J22-481 W. Tom Sawyer 20 6 J22-875 21 7 Loon Henry T. Reath 21 8 Caution James A. Lash 23 9 Viridian John Clunan 23 Mercury Class Place Skipper Adj Pts 1 Brad Madeira 101/2 2 Peter & Suzanna Welles 16 1/2 3 Josh Madeira & Richard Wright 17 3/4 4 Lewis & Chris Moore 201/4 5 Anne Mazlish 27 6 Dylan Sage 29 7 Chad Cooper 36 8 Henry May 37 9 Aubin Dupree 39 10 Mara Grace 40 11 Gardiner Loring 40 12 Erica Beck 41 13 Kate Elkins 41 14 Mary Margaret Fitch 42 15 Julia Butler 42 16 Billy Hooper 43 17 Andy Humphrey 43 18 Julia Hamner 45 31 SEAMAN'S RACE Singlehanded August 6, 1992 Place Yacht Skipper Class 1 Runner Jock Kohlhas IOD 2 Chibiabos Minturn V. Chace IOD 3 Satin Doll Sydney Roberts Rockefeller IOD 4 Firefly Joseph L. Grant IOD 5 Jack Rabbit John Henry IOD AUGUST 9 OCEAN RACE Class A - Racing Place Yacht Skipper Time 1 Baloo Ed and Tim Dysart 2:42:53 2 Full Cry Robert Crompton 2:43:23 3 Otter Patricia Wilmerding 2:49:45 4 Tabasco Hank Halsted 2:57:47 5 VMG Robert Brown 2:58:09 6 Lupine Benjamin McKinnon 3:04:05 7 Ariel Thomas Rokes 3:05:22 8 Oh Promise Me Burnham Litchfield 3:11:47 9 Eventyr Gordon Haaland 3:15:13 10 Aquavitae 3:39:42 11 Deux Belles John Robinson 3:53:22 DNF Volante Robert Walmsley DNF Keewaydin Joseph Fogg Class B - Cruising 1 Isola Names unavailable 3:52:11 GEORGE DAVENPORT HAYWARD CUP August 13, 1992 Place Yacht Skipper Class 1 Rampant Robert M. Bass IOD 2 Live Yankee Charles Crofoot IOD 3 Runner Jock Kohlhas IOD 4 Chibiabos Minturn V. Chace IOD 5 Wasp William Trimble J-24 6 Local Talent Thomas Brown J-24 7 Satin Doll Sydney Roberts Rockefeller IOD 8 Magic Bus Richard Homer IOD 9 AO Peter Welles, Jr. Bullseye 10 Yakut Harry Darlington IOD 32 11 Humlen Frederic Towers IOD 12 Jack Rabbit John Henry IOD 13 Shun Li Arthur Gilkes IOD 14 Firefly Joseph Grant IOD 15 Simple Red Billy Hooper J-24 16 Woodie John T. Roberts IOD 17 Triad Alex Goriansky Luders 16 18 Lewis & Chris Moore Mercury 19 XV Polly McIlhenny Mercury 20 Magic Alan McIlhenny, Jr. Mercury AUGUST CRUISE August 19-21 Place Yacht Skipper Adj Pts Class A Cybele David Rockefeller Jr. 41/2 Full Cry Robert Crompton 63/4 Otter Patrick Wilmerding 7 Tobasco Henry Mellon 11 Pequot Bevin Cherot DNQ Class B Abnaki Fleet Staff 4 1/2 Deux Belles John Robinson 7 Javelin Tad Lahmon 73/4 IOD Firefly Joseph L. Grant 31/2 Woodie John T. Roberts 53/4 Satin Doll Sydney Roberts Rockefeller 8 MOUNT DESERT INVITATIONAL OCEAN RACE Sunday, August 23, 1992 abandoned due to lack of wind AUGUST SERIES IOD Class Place Yacht Skipper Adj. Pts 1 Runner Jock Kohlhas 12 1/4 2 Tundra David Rockefeller, Jr. 15 1/2 3 Rampant Robert M. Bass 191/4 4 Dram Jock H.M. Crothers 22 5 Yakut Harry Darlington 31 6 Live Yankee Charles C. Crofoot 33 33 7 Satin Doll Sydney Roberts Rockefeller 35 8 Darkstar William F. Dowling 47 9 Chibiabos Minturn V. Chace 48 10 Auriga Gary Madeira 50 11 Woodie John T. Roberts 53 12 Firefly Joseph L. Grant 66 13 Jack Rabbit Robert McKown & John Henry 67 14 Acontia Minot E. Milliken 69 15 Humlen Frederic C. Towers 77 16 Magic Bus Richard W. Homer 78 17 Puff Stephen B. Homer 87 18 Hannah Marie Dan Burt 87 19 Allegro Philip Fuller 88 20 Cygnet Christopher Hutchins 98 21 Shun-Le Arthur G. Gilkes 100 22 No. 19 Joseph Fogg III & Nathaniel Reece 102 23 Silver Spray Robert Brown 114 24 Dicer Edward R. Dysart 117 J-24 Class 1 Local Talent Thomas F. Brown 5 2 Freeloader Matt Evans 81/2 3 Havoc Scott Richardson 16 4 Walkabout Eliot Merrill 17 5 Caution James A. Lash 23 6 J22-875 Robert Brown 26 7 Abenaki James L. Van Alen 27 8 J22-481 W. Tom Sawyer 27 Mercury Class 1 Ryan Brown 7 1/4 2 Anna Thompson 73/4 3 Sylvia Boss 10 4 Aubin Dupre 10 3/4 5 Richard Dunham 16 LABOR DAY SERIES Sept. 5 & 6 BURTON GREY MEMORIAL TROPHY Place Yacht Skipper Points 1 Tundra David Rockefeller, Jr. 73/4 2 Chibiabos Minturn V. Chace 11 3 Satin Doll Sydney Roberts Rockefeller 18 4 Darkstar William F. Dowling 16 3/4 34 5 Live Yankee Charlie Crofoot 20 6 Humlen Frederic C. Towers 22 7 Runner Jock Kohlhas 223/4 8 Auriga Brent Halsey 23 9 Dicer Edward R. Dysart 26 10 Acontia Minot K. Milliken 27 11 Hannah Marie Dan Burt 28 12 Cygnet Christopher Hutchins 35 13 Woodie John T. Roberts 36 14 Jack Rabbit Robert S. McKown 43 15 Shun-Li Arthur S. Gilkes 46 16 Yakut Harry Darlington 47 J-24 1 Freeloader Matt Evans 41/2 2 Havoc Scott Richardson 53/4 3 Local Talent Thomas Brown 7 FINAL STANDING OF SEPTEMBER SERIES International One Design Adj. Place Yacht Skipper Points 1 Darkstar William F. Dowling 53/4 2 Magic Bus Richard W. Homer 11 1/4 3 Acontia Allesandro Vitelli 14 4 Humlen Frederic C. Towers 25 3/4 5 Dicer Edward R. Dysart 26 6 Jack Rabbit Robert F. McKown 28 7 Satin Doll Sydney Roberts Rockefeller 31 8 Hannah Marie Dan Burt 33 9 Yakut Harry Darlington 33 10 Shun-Li Arthur G. Gilkes 36 Runner Jock Kohlhas, Referee not scored race 14 TROLLPHY SERIES Columbus Day Weekend Adj. Place Yacht Skipper Points 1 Yakut Harry Darlington & James McCreary 21/4 35 2 Magic Bus Richard Homer 9 3 Satin Doll Sydney Roberts Rockefeller & Allesandro Vitelli 11 4 Firefly Joseph L. Grant 14 5 Jack Rabbit Robert McKown 14 6 Chibiabos Minturn V. Chace 15 7 Acontia Alexander Diana 18 HALLOWEEN WEEKEND SERIES ('92 GREAT PUMPKIN RACE) Place Yacht Skipper Class 1 Runner Jock Kohlhas IOD 2 Mr. Jack Daniels Ryan Donahue & Thomas Brown J24 3 Havoc Scott Richardson J24 4 Satin Doll Sydney Roberts Rockefeller & Allesandro Vitelli IOD 5 Watermelon Oliver Spear Luders 16 DNF Ozone Friendly Thomas Brown Star RESULTS OF PREVIOUS YEARS THE GEORGE DAVENPORT HAYWARD CUP RACE Year Boat Skipper Class 1926 Navajo Robert E.L. Johnson B Class 1927 Spindrift Frederic O. Spedden Soling 1928 Venture Malcolm N. Stanley B Class 1929 Br'er Rabbit David Rawle B Class 1930 Aquila W. Barton Eddison 30 Sq.M. 1931 Ace Dr. Henry D. Stebbins B Class 1932 Lark David Ames 30 Sq.M. 1933 Ace Dr. Henry D. Stebbins B Class 1934 White Rabbit John S. Stillman MDI Class 1935 Constance Crawford C. Madeira, Jr. A Class 1936 Aquila John R. Potter 30 Sq.M. 1937 Mecoh II Vance C. McCormick A Class 1938 Kit Kat Dr. William Earl Clark B Class 1939 Sizzle David S. Proctor Bullseye 1940 Whistler Mr. & Mrs. E. Farnham Butler A Class 1941 Acolus W.W. Frazier, 3rd A Class 1942 Nancy Miss Anne L. Grant 30 Sq.M. 1943 Ino Miss Elizabeth Madeira A Class 36 1944 Nevis Harry R. Neilson A Class 1945 Playboy Johnathan Churchill & Norris W. Darrell Bullseye 1946 Silver Spray Harry G. Haskell, Jr. IOD 1947 Hotspur Jonathan Churchill & Norris W. Darrell Luders-16 1948 Santee James G. Ducey IOD 1949 Me Too Alexander McN. Luke Bullseye 1950 Sizzle John C. VanPelt Bullseye 1951 Boolie Hugh C. Scott Bullseye 1952 Santee James G. Ducey IOD 1953 Little Lulu Miss Joan B. Gilpatric Mermaid 1954 Sweet Sixteen Alan Mcllhenny Luders-16 1955 Nevis Benjamin R. Neilson A Class 1956 Trigla Dr. Michael Crofoot & Lodowick F. Crofoot, 3rd Luders-16 1957 Quiver Henry T. Reath Luders-16 1958 Maine Star Henry R. Geyelin, Jr. IOD 1959 Decoy James L. McCabe Luders-16 1960 Maine Star David Rockefeller, Jr. IOD 1961 Sebenoa Daniel S. Newhall Mercury 1962 Quiver Henry T. Reath Luders-16 1963 Red Wing James I. McCabe IOD 1964 No. XV Polly Mcllhenny Mercury 1965 Maine Star David Rockefeller, Jr. IOD 1966 Dragon Fly Peter Bryant Bullseye 1967 Red Wing Paul Thompson, II IOD 1968 Silver Bullet Robert E.J. Johnson, Jr. 1969 AMB Gary Madeira Mercury 1970 Bittersweet Alexander Y. Goriansky Bullseye 1971 XV Polly Mcllhenny Mercury 1972 Golliwog Charles C. Crofoot Bullseye 1973 Donabu James B. Murphy, II IOD 1974 Larus Charles L. III, III Mercury 1975 Boat Anna Thompson Mercury 1976 Sjoskal Dr. Wayne W. Wibby IOD 1977 Hefalump William J. Strawbridge Bullseye 1978 XV Alan Mellhenny, Jr. Mercury 1979 Souling Lewis E. Moore Soling 1980 Eve Mia Thompson Mercury 1981 Surfer Lewis E. Moore & E.L. Barclay J-24 1982 Esprit de Lune Lewis E. Moore J-24 1983 Hasty Heart Eric S. Champlin Mercury 198+ Whiteout Elliott W. Wislar J-24 37 1985 Whiteout Adam R. Wislar J-24 1986 XV Alan McIlhenny, Jr. Mercury 1987 Haulback Lewis E. Moore Mercury 1988 George B. Dorr Lewis E. Moore Mercury 1989 Red Neck Edward R. Dysart J-24 1990 Auriga Stephen T. Madeira IOD 1991 Live Yankee Charles C. Crofoot IOD 1992 Rampant Robert M. Bass IOD THE CHARLES D. DICKEY MEMORIAL AWARD 1977 Philip M. Caughey 1978 Mrs. Constance B. Madeira 1979 Polly Mcllhenny 1980 Harry R. Madeira 1981 Harry R. Neilson, Jr. 1982 Not Awarded 1983 Jarvis Cromwell 1984 William J. Strawbridge 1985 Dr. Joseph L. Grant 1986 Harry G. Haskell, Jr. 1987 Not Awarded 1988 Not Awarded 1989 Alan Mcllhenny 1990 Not Awarded 1991 Not Awarded 1992 Minot K. Milliken EFFIE DISSTON FRALEY TROPHY 1986 Kate B. Diana 1987 Thomas A. Kennedy 1988 Banjamin C. Moore 1990 William B. v.A. Welles 1991 Bradley C. Madeira 1992 Samuel Cocks FREDERIC C. TOWERS, JR. MEMORIAL SEAMANSHIP CONTEST 1986 Benjamin C. Moore 1987 Eliza Wilmerding 1988 Benjamin C. Moore 1989 William B. v.A. Welles & Bayard G. Bell 1990 Not Awarded 1991 William B. v.A. Welles & Nicholas C.E. Pollard 1992 Not Awarded 38 CAPTAIN'S ROWING AWARD 1986 Allen Clare Elkins 1987 Phillip Ellis 1988 Hugh Lippincott 1989 Charlotte Grassi 1990 July Hannah Webster Burt August Marion Scherr-Thoss 1991 July Ned Sears August Helen Grassi 1992 July Nicholas Sage August Augie Valenzuela-Tyson LIST OF YACHTS Power Cruisers Name Owner Abrazos George B.E. Hambleton Amazing Grace Robert L. Rowe Amber R. Anderson Pew Aries Lindsay C. Herkness, Jr. Aurora Mrs. Burton C. Gray Bai Ji John H.V. Guth Cinchona Harry R. Neilson, Jr. Digit Elliot Cohen Duck Soup Patrick R. Wilmerding Eastern Way Mrs. Victor L. Drexel Fin Din Francis W. Dinsmore Flair III Charles R. Tyson Flying Colors Stuart S. Janney, III Foggy Dew William D'O. Lippincott Framboise Peter P. Nitze Gambol Roger Milliken Grampy Gomes David Hibbs Donnan Jericho Mrs. Thomas S. Gates, Jr. Kingfish Fitzgerald S. Hudson Lapwing John W. Lapsley Legacy Harry R. Madeira Liberator Stuart B. Andrews Little Dipper Francis W. Dinsmore Lucy Edward McC. Blair Marcy John T. Roberts Margaret II Peter Godfrey Midnight F.A. Bourke, Jr. Morning Star Mrs. Jane S. Zirnkilton Night Hawk Robert L. Hinckley Ojibway Joseph G. Fogg, III Peregrine II Paul L. Miller Phantom Fitzgerald S. Hudson Preposterous Ronald S. Diana Rambler H. Lee Judd Seahawk Dr. Wayne W. Wibby Sea Mouse Miturn Vichae & Malcolm Peabody Sirius Mrs. Raymond F. Hawtin Spindle Gerrish H. Milliken, Jr. Sun Song Curtis L. Blake 40 Takeover Stockton A. Andrews Tartan David Rockefeller Tharn John H. Longmaid Toddler Thomas Reath, Jr. Trivial Pursuit Dr. Richard Grace Waldron E. W. Tom Sawyer Whileaway Mrs. Thomas Hitchcock Wood Fat Amory S. Carhart, Jr. Valport Frederic C. Towers Sloops & Cutters No. Name Owner Acadia Dr. William R. Grace Adagio Arthur E. Newbold, III Ardent Spirit Dr. Arthur Beiser Bagpiper Bayard H. Roberts 2386 Baleira Mrs. Constance B. Madeira Miss Elizabeth Madeira Bali-Ba-Lar Willard W. Brown Caruso II Stacy B. Lloyd Chasse Charles L. Gagnebin, III Circe Mrs. Raymond F. Hawtin Constant John W. Butler Cressida Benjamin R. Neilson 32993 Cybele David Rockefeller, Jr. C-49 Daybreak Harry R. Madeira Detente Dr. Paul A. Schnitman 33758 Dyser Edward R. Dysart Felicity Peter P. Nitze 32850 First Light James C. Pitney Fox William B. Morris 21210 Full Cry Robert Crompton 13194 Gaylark Dr. Kaighn Smith Guillemont Paul L. Miller 6333 Hawk Cornelius W. Waud Hieronymus Albert P. Neilson Kittiwake II Mrs. Raymond F. Hawtin 14 Lara G. Keating Pepper Larboard Watch H. Lee Judd 2299 Lupine F. Benjamin MacKinnon Maia John W. Butler 41 Mary E. Anthony M. Zane Mermaid Edwin F. Butler, Jr. 1760 Narcissus Lawrence L. Reeve 1828 Night Watch David P. Tunick Niliraga II Charles H. Erhart, Jr. 1431 Oh Promise Me Burnham Litchfield 31847 Otter Patrick R. Wilmerding 59007 Painted Lady Robert M. Bass 32967 Pequot Bevin C. Cherot Piper Daniel Pierce 7 Plowshares Elliot Cohen 11560 Quindaro David Hibbs Donnan Recess Robert F. McKown 666 Reindeer E. Newbold Smith Sarusha Harry R. Neilson, Jr. Sea Urchin Arthur K. Champlin 42032 Shenandoah Francis N. Iglehart 40067 Skerry Frank Lawson 40 Spring Moon David Rockefeller Stuart Little Philip G. Bennett Summer Song John H. Longmaid Tabasco Henry F. Halsted Tyee Charles D. Dickey, Jr. VS21 VM6 Robert Brown Windsong Thomas Reath, Jr. Whisper Herry F. Harris Wivern Mrs. George Putnam, Jr. Schooners, Yawls & Ketches No. Name Owner Cythera Dr. Paul J. Vignos, Jr. 5423 Daphne Howard L. Rich, Jr. Deux Belles John R. Robinson 11675 Escapade Alan T. Gregory Jester Dr. Robert W. Tilney, Jr. Keewaydin Joseph G. Fogg, III North Star Alan Mcllhenny Norumbega Edward McC. Blair Pelagial Mrs. Robert E. Porter Rampant Frederick Taussig Restive George P. Denny, III Rose Peter Godfrey 1734 Spanker Guy Heckman 42 International Class No. Name Owner 1 Firefly Dr. Joseph L. Grant 2 Auriga Harry R. Madeira 3 Seahawk Jon Johansen 4 Silver Spray Harry G. Haskell, Jr. 5 Tundra David Rockefeller, Jr. 6 Dram Mrs. Mable S. Ingalls 8 Hannah Marie Dan Burt 9 Acontia Minot K. Milliken 10 Humlen Frederic C. Towers 11 Runner Jock Kohlhas 12 Cygnet Christopher Hutchins 13 Darkstar John H.J. Guth 14 Satin Doll Sydney Roberts Rockefeller 15 Yakut Harry Darlington 16 Chibiabos Minturn V. Chace 17 Phantom F.A. Bourke, III 18 Shun-Li Arthur G. Gilkes 19 Kevin Mahaney & Owen Cole 20 Magic Bus Richard W. Homer 21 Jack Rabbit Robert F. McKown 22 Woodie John T. Roberts 23 Mischief William Dowling 24 Live Yankee Paul Fremont-Smith 25 Puff Stephen B. Homer 26 j'Ellie bean Ellie M. Bourke 27 Rampant Robert M. Bass 29 Allegro Philip R. Fuller 30 Dicer Edward R. Dysart Soling Class 553 Velvet Hammer Susanne B. Hopkins J-24 Class 1162 Havoc Scott Richardson 1445 Wasp William C. Trimble 1451 Saraband Michael Dennis 43 2141 Excess Mia Thompson Brown 2411 Polar Bear E. Newbold Smith 3153 Xanadu Howard & Robert W. Lapsley 3154 High Rustler Melville T. Hodder 3156 Walkabout Thomas R. Elkins 3954 Freeloader Matthew Evans 4048 Panama Red Brian A. Ames 4207 Local Talent Thomas T. Brown 4460 Caution Jim & Debby Lash 4735 Spirito Gentil Richard B. Light & James McCabe 22304 Abenaki James L. VanAlen Family 33445 Loon Henry T. Reath J-22 Class Hefty W. Tom Sawyer Siren Robert M. Bass Demo Robert M. Brown Mercury Class 1 Eve Rodman E. Thompson, Jr. 2 Merry Wind N.E. Harbor Fleet 3 Alondra N.E. Harbor Fleet 4 Edward Stewart N.E. Harbor Fleet 5 Norumbega N.E. Harbor Fleet 6 Quicksilver N.E. Harbor Fleet 7 Magic N.E. Harbor Fleet 8 Columbia N.E. Harbor Fleet 10 Rhega Laura K. Welles 11 Cecil III & Madara 13 Arcturus N.E. Harbor Fleet 14 Sappho N.E. Harbor Fleet 15 XV Polly McIlhenny 22 Triton N.E. Harbor Fleet 23 Mischief N.E. Harbor Fleet 28 Bat III Alexander S. Kennedy 30 Redskin John T. Roberts 326 Cowabunga Rodman E. Thompson, Jr. 478 Elapsed Thomas D.C. Morris 496 Evermore William B. v.A. Welles 758 Southerly Leon A. Allen, Jr. 844 Shanti Mrs. Anne Mazlish 44 888 Boat Rodman E. Thompson, Jr. 1092 New Penny Henry F. Harris 1116 Hasty Hart Gilbert H. Kinney 1316 Swallow Frederick F. Dupree, Jr. A Class 28 Ell Bee Mrs. E.M. Newlin 50 Gull R. Anderson Pew Luders-16 Class 16 Chinquapin Mrs. Jane S. Zirnkilton 21 Weetamoe Dr. John W. Danforth 24 Triad Alexander Y. Goriansky Bullseye Class 14 Toot Sweet Mrs. E.M. Newlin 15 Pamplemousse Isabelle Storey 19 Tar Baby Mrs. Meriwether W. Hudson Kevin Mahaney showing his Olympic Silver Medal that he won in Barcelona in the Soling Class to enthusiastic fans. 45 Pages 46-80 of this report, the Member Directory, have been removed to protect personal information.