The Landing School of Boat Building and Design

EIN: 010355980 501(c)(3)

Arundel, ME

Total Revenue
$2,338,605
Total Expenses
$2,232,078
Total Assets
$2,921,977
Net Assets
$1,985,412
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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
ME
Principal Officer
Kate Baldwin
Phone
2079857976
Tax Period
2022-07-01 to 2023-06-30

The Landing School of Boat Building and Design is a 501(c)(3) with EIN 010355980, based in Arundel, ME. Founded in 1979, the organization files IRS Form 990 and reported its most recent data for fiscal year 2022. In that period, it reported $2,338,605 in total revenue and $2,232,078 in total expenses, with net assets of $1,985,412.

Mission

Provide diploma and associates educational programs in marine industry technology.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $853,835
Program Service Revenue $1,380,974
Investment Income $88,095
Other Revenue $15,701
TOTAL REVENUE $2,338,605

Expense Breakdown

Grants Paid $67,300
Salaries & Benefits $1,367,784
Fundraising Expenses $36,143
Program Expenses $1,190,293
Other Expenses $796,994
TOTAL EXPENSES $2,232,078

Year-over-Year Comparison

2022 2021 Change
Revenue $2,338,605 $2,417,184 0.0%
Expenses $2,232,078 $2,401,143 -0.1%
Net Income $106,527 $16,041 +5.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
14
Employees
21
Volunteers
19

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$137,823
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Susan Swanton Chair 7.00
Officer Director
$0 $0 $0
David Millet Treasurer 5.00
Officer Director
$0 $0 $0
Peter O'Connell Secretary 3.00
Officer Director
$0 $0 $0
Caroline Bigelow Trustee 2.00
Director
$0 $0 $0
Jack Brewer Trustee 2.00
Director
$0 $0 $0
John Burgess Trustee 2.00
Director
$0 $0 $0
Aaron Crawford Trustee 2.00
Director
$0 $0 $0
John Emmons Trustee 2.00
Director
$0 $0 $0
Alan Gilbert Trustee 2.00
Director
$0 $0 $0
John Higgins Trustee 2.00
Director
$0 $0 $0
Pamela Lendzion Trustee 2.00
Director
$0 $0 $0
Jack Sanford Esq Trustee 2.00
Director
$0 $0 $0
Cricket Tupper Trustee 2.00
Director
$0 $0 $0
Michael Wexler Trustee 2.00
Director
$0 $0 $0
Peter Murray Clerk 2.00
Officer Director
$0 $0 $0
Richard Jaffee Trustee 2.00
Director
$0 $0 $0
Steven Lacey Trustee 2.00
Director
$0 $0 $0
Sean Fawcett President 40.00
Officer
$136,331 $1,492 $137,823
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $2,338,605 $2,232,078 $2,921,977 $106,527
2022 $2,417,184 $2,401,143 $2,702,812 $16,041
2021 $2,445,752 $2,531,266 $3,172,973 $-85,514
2020 $2,420,802 $2,481,412 $2,993,197 $-60,610
2019 $2,097,605 $2,437,940 $3,071,753 $-340,335
2018 $1,991,619 $2,274,165 $3,235,552 $-282,546
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