Landing School Of Boatbuilding And Design
Landing School maintains stable finances with no reported officer compensation.
EIN: 10355980 · Arundel, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $2.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2.3M |
| Net Assets | $2.0M |
| Transparency Score | 90/100 |
Is Landing School Of Boatbuilding And Design Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Landing School Of Boatbuilding And Design directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Landing School Of Boatbuilding And Design
Landing School Of Boatbuilding And Design (EIN: 10355980) is a nonprofit organization based in Arundel, ME. The organization reported total revenue of $2.4M and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Landing School Of Boatbuilding And Design's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Landing School Of Boatbuilding And Design is a mid-size nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$107K |
| Total Assets | $2.9M |
| Total Liabilities | $937K |
| Net Assets | $2.0M |
| Operating Margin | 4.6% |
| Debt-to-Asset Ratio | 32.1% |
| Months of Reserves | 15.7 months |
Financial Health Grade: A
In 2023, Landing School Of Boatbuilding And Design reported a surplus of $107K with revenue exceeding expenses, holds 15.7 months of operating reserves (strong position), has a debt-to-asset ratio of 32.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Landing School Of Boatbuilding And Design's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.3% | -7.0% | +8.1% |
| 2022 | -1.2% | -5.1% | -14.8% |
| 2021 | +1.0% | +2.0% | +6.0% |
| 2020 | +15.4% | +1.8% | -2.6% |
| 2019 | +5.3% | +7.2% | -5.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Landing School Of Boatbuilding And Design with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Landing School Of Boatbuilding And Design allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $107K, with revenue exceeding expenses.
- Debt-to-asset ratio: 32.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual and suggests a volunteer-led or very lean executive structure for an organization of its size ($2.3M latest revenue).
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Landing School Of Boatbuilding And Design's IRS 990 filings:
- Declining asset base over the past eight years (from $4.1M in 2015 to $2.9M in 2023)
Strengths
The following positive indicators were identified for Landing School Of Boatbuilding And Design:
- Consistent positive operating margins in recent years (e.g., 202306: Revenue $2.33M vs. Expenses $2.23M)
- No reported officer compensation, indicating high efficiency and dedication of funds to mission
- Stable liabilities relative to assets, suggesting responsible financial management
- Long history of IRS 990 filings, demonstrating transparency and accountability
Frequently Asked Questions about Landing School Of Boatbuilding And Design
Is Landing School Of Boatbuilding And Design a legitimate charity?
Landing School Of Boatbuilding And Design (EIN: 10355980) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.4M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Landing School Of Boatbuilding And Design spend its money?
Landing School Of Boatbuilding And Design directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Landing School Of Boatbuilding And Design tax-deductible?
Landing School Of Boatbuilding And Design is registered as a tax-exempt nonprofit (EIN: 10355980). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Landing School Of Boatbuilding And Design CEO make?
Landing School Of Boatbuilding And Design's highest-compensated officer earns $2.3M annually. The organization reported $2.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Landing School Of Boatbuilding And Design's spending goes to programs?
Landing School Of Boatbuilding And Design directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Landing School Of Boatbuilding And Design located?
Landing School Of Boatbuilding And Design is headquartered in Arundel, Maine and files with the IRS under EIN 10355980.
How many years of IRS 990 filings does Landing School Of Boatbuilding And Design have?
Landing School Of Boatbuilding And Design has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.4M in total revenue.
Is Landing School Of Boatbuilding And Design financially stable?
Yes, the organization appears financially stable. In the 202306 period, revenue ($2,338,605) exceeded expenses ($2,232,078), and assets ($2,921,977) comfortably cover liabilities ($936,565).
How does executive compensation compare to other nonprofits?
Executive compensation is exceptionally low, reported as 0% across all filings, which is significantly lower than most nonprofits of comparable size and indicates a strong commitment to program spending.
Has the organization's asset base changed significantly?
The organization's assets have decreased from a high of $4,117,856 in 201506 to $2,921,977 in 202306, a decline of approximately 29% over eight years, which warrants further investigation into the reasons for this trend.
Filing History
IRS 990 filing history for Landing School Of Boatbuilding And Design showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Landing School Of Boatbuilding And Design's revenue has grown by 19.2%, moving from $2.0M to $2.3M. Total assets decreased by 42.1% over the same period, from $5.0M to $2.9M. Total functional expenses fell by 3.1%, from $2.3M to $2.2M. In its most recent filing year (2023), Landing School Of Boatbuilding And Design reported a surplus of $107K, with revenue exceeding expenses. The organization holds $937K in liabilities against $2.9M in assets (debt-to-asset ratio: 32.1%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.3M | $2.2M | $2.9M | $937K | — | View 990 |
| 2022 | $2.4M | $2.4M | $2.7M | $862K | — | View 990 |
| 2021 | $2.4M | $2.5M | $3.2M | $1.2M | — | View 990 |
| 2020 | $2.4M | $2.5M | $3.0M | $1.1M | — | View 990 |
| 2019 | $2.1M | $2.4M | $3.1M | $1.2M | — | View 990 |
| 2018 | $2.0M | $2.3M | $3.2M | $1.1M | — | View 990 |
| 2017 | $1.9M | $2.2M | $3.5M | $1.1M | — | View 990 |
| 2016 | $2.2M | $2.4M | $3.7M | $1.1M | — | View 990 |
| 2015 | $2.3M | $2.2M | $4.1M | $1.2M | — | View 990 |
| 2014 | $2.4M | $2.6M | $4.0M | $1.2M | — | View 990 |
| 2013 | $2.4M | $2.4M | $4.0M | $980K | — | View 990 |
| 2012 | $2.1M | $2.3M | $3.9M | $779K | — | View 990 |
| 2011 | $2.0M | $2.3M | $5.0M | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.3M, expenses of $2.2M, and assets of $2.9M (revenue -3.3% year-over-year).
- 2022: Revenue of $2.4M, expenses of $2.4M, and assets of $2.7M (revenue -1.2% year-over-year).
- 2021: Revenue of $2.4M, expenses of $2.5M, and assets of $3.2M (revenue +1.0% year-over-year).
- 2020: Revenue of $2.4M, expenses of $2.5M, and assets of $3.0M (revenue +15.4% year-over-year).
- 2019: Revenue of $2.1M, expenses of $2.4M, and assets of $3.1M (revenue +5.3% year-over-year).
- 2018: Revenue of $2.0M, expenses of $2.3M, and assets of $3.2M (revenue +4.2% year-over-year).
- 2017: Revenue of $1.9M, expenses of $2.2M, and assets of $3.5M (revenue -11.8% year-over-year).
- 2016: Revenue of $2.2M, expenses of $2.4M, and assets of $3.7M (revenue -4.1% year-over-year).
- 2015: Revenue of $2.3M, expenses of $2.2M, and assets of $4.1M (revenue -5.4% year-over-year).
- 2014: Revenue of $2.4M, expenses of $2.6M, and assets of $4.0M (revenue -1.9% year-over-year).
- 2013: Revenue of $2.4M, expenses of $2.4M, and assets of $4.0M (revenue +14.5% year-over-year).
- 2012: Revenue of $2.1M, expenses of $2.3M, and assets of $3.9M (revenue +8.3% year-over-year).
- 2011: Revenue of $2.0M, expenses of $2.3M, and assets of $5.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Landing School Of Boatbuilding And Design:
Data Sources and Methodology
This transparency report for Landing School Of Boatbuilding And Design is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.