SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public
Inspection
Name of the organization
THE LANDING SCHOOL OF BOATBUILDING AND
DESIGN
Employer identification number

01-0355980
Return Reference Explanation
FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS PROVIDED TO THE BOARD OF TRUSTEES FOR REVIEW AND A CONFERENCE CALL IS HELD BEFORE IT IS FILED. IF ANY QUESTIONS/CONCERNS ARISE DURING THE BOARD'S REVIEW, THE TREASURER OF THE BOARD WILL LOOK INTO THE ISSUE AND MAKE SURE THAT ALL QUESTIONS ARE ANSWERED BEFORE THE 990 IS FILED.
FORM 990, PART VI, SECTION B, LINE 12 ACCORDING TO THE ORGANIZATION'S BY-LAWS, NO LOANS SHALL BE MADE BY THE ORGANIZATION TO ITS TRUSTEES OR OFFICERS. TYPICALLY, ANY TRUSTEE NOR OFFICER WHO ASSENTS TO OR PARTICIPATES IN THE MAKING OF ANY SUCH LOAN SHALL BE LIABLE TO THE ORGANIZATION FOR THE AMOUNT OF THE LOAN UNTIL THE REPAYMENT THEREOF. IN ADDITION, NEITHER THE OFFICERS OR TRUSTEES OF THE CORPORATION MAY PARTICIPATE IN ANY TRANSACTION WHICH INVOLVES A CONFLICT OF INTEREST. THIS IS MONITORED ON AN ANNUAL BASIS.
FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES REVIEWS TOP MANAGEMENT'S COMPENSATION ON AN ANNUAL BASIS. ALL SALARIES ARE DETERMINED BY THE ORGANIZATION'S BOARD OF TRUSTEES.
FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ALL OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON REQUEST.
FORM 990, PART XI, LINE 9: LOSS ON WRITEOFF OF CAPITALIZED START-UP COSTS -57,500. CHANGES IN VALUE OF SPLIT-INTEREST AGREEMENTS -9,591. LOSS ON DONATED BOATS -12,979.
FORM 990, PART XII, LINE 2C: THE BOARD OF TRUSTEES OVERSEES THE AUDIT AND IS RESPONSIBLE FOR THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2015


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