Landing School Of Boatbuilding And Design
- Assets
- $3.2m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 38
- Location
- Arundel, ME
- Founding
- 11/1978
- Data as of
- 06/2021
- EIN
- 01-0355980
Organization Overview
Landing School Of Boatbuilding And Design, operating under the name The Landing School, is located in Arundel, ME. The organization was established in 1978. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 06/2021, Landing School employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Landing School 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 06/2021, Landing School generated $2.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $2.5m during the year ending 06/2021. While expenses have increased by 1.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE DIPLOMA AND ASSOCIATES EDUCATIONAL PROGRAMS IN MARINE INDUSTRY TECHNOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WOODEN BOAT BUILDING STUDENTS LEARN TO USE HAND AND POWER TOOLS WHILE WORKING WITH MODERN MATERIALS AND TRADITIONAL WOODWORKING METHODS TO LEARN THE PROCESS OF BUILDING AND/OR REPAIRING BOATS.MARINE SYSTEMS - STUDENTS GAIN EXTENSIVE KNOWLEDGE AND SKILLS IN THE MOST TECHNICALLY DEMANDING FIELD AND ARE PREPARED FOR A SUCCESSFUL CAREER AS A MARINE SYSTEMS TECHNICIAN.COMPOSITE BOAT BUILDING STUDENTS EXPLORE THE FUTURE OF CONSTRUCTION LIGHTWEIGHT, DURABLE COMPOSITE MATERIALS THAT PUSH THE LIMITS OF PERFORMANCE.YACHT DESIGN - STUDENTS LEAN TO COMBINE AESTHETICS, FUNCTIONALITY, SHAPES, AND MATERIALS TO CREATE BOAT DESIGNS THAT ARE EFFICIENT AND VISUALLY PLEASING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Downs-Honey President | Officer | 40 | $156,334 |
Susan Swanton Chair | OfficerTrustee | 7 | $0 |
Peter O'connell Secretary | OfficerTrustee | 3 | $0 |
David Millet Treasurer | OfficerTrustee | 5 | $0 |
Peter Murray Clerk | OfficerTrustee | 2 | $0 |
Jack Brewer Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $438,790 |
| All other contributions, gifts, grants, and similar amounts not included above | $654,595 |
| Noncash contributions included in lines 1a–1f | $322,419 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,093,385 |
| Total Program Service Revenue | $1,286,499 |
| Investment income | $55,051 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,817 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,445,752 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $268,446 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $181,431 |
| Compensation of current officers, directors, key employees. | $90,716 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $987,690 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $116,919 |
| Payroll taxes | $84,093 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $100,643 |
| Advertising and promotion | $61,734 |
| Office expenses | $83,969 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $83,473 |
| Travel | $5,183 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,895 |
| Interest | $30,747 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $142,695 |
| Insurance | $41,173 |
| All other expenses | $27,241 |
| Total functional expenses | $2,531,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,633 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,401 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $205,780 |
| Prepaid expenses and deferred charges | $12,606 |
| Net Land, buildings, and equipment | $1,451,623 |
| Investments—publicly traded securities | $1,236,772 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $99,158 |
| Total assets | $3,172,973 |
| Accounts payable and accrued expenses | $180,765 |
| Grants payable | $0 |
| Deferred revenue | $99,015 |
| 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 | $885,641 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,165,421 |
| Net assets without donor restrictions | $1,403,824 |
| Net assets with donor restrictions | $603,728 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,172,973 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Landing School Of Boatbuilding And Design has recieved totaling $78,205.
| Awarding Organization | Amount |
|---|---|
Island Foundation Inc Marion, MA PURPOSE: EDUCATION | $40,000 |
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Job Training | $20,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Island Foundation Inc Marion, MA PURPOSE: PENZANCE | $8,000 |
The Murray Charitable Trust Portland, ME PURPOSE: DONEE'S CHARITABLE PURPOSE | $200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $673,721 |
| Earnings | $182,928 |
| Other Expense | $54,707 |
| Ending Balance | $801,942 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Landing School Of Boatbuilding And Design Arundel, ME | $3,172,973 | $2,445,752 |
Manufacturing Extension Partnership Of New Hampshire Inc Concord, NH | $513,624 | $1,389,791 |
Maine Energy Marketers Association Education Foundation Brunswick, ME | $1,974,189 | $1,014,386 |
Portland Electrical Joint Apprenticeship & Training Fund Lewiston, ME | $605,452 | $619,076 |
Southern Maine Workers Center Portland, ME | $586,497 | $444,420 |
Augusta Electrical Joint Apprenticeship And Training Fund Newport, ME | $591,230 | $352,229 |
Coreys Closet Manchester, NH | $35,397 | $295,483 |
Common Threads Of Maine Westbrook, ME | $33,513 | $0 |
Friends Of Spannocchia Portland, ME | $169,468 | $200,159 |
Northeastern Lumber Manufacturers Institute Cumberland Center, ME | $604,696 | $27,683 |
Sheet Mental Workers Local 545 Training Fund Lewiston, ME | $55,546 | $0 |