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    <Timestamp>2012-11-15T13:15:42-06:00</Timestamp>
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        <BusinessNameLine1>DAVIS &amp; HODGDON ASSOCIATES CPAS PLC</BusinessNameLine1>
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        <AddressLine1>33 BLAIR PARK RD STE 201</AddressLine1>
        <City>WILLISTON</City>
        <State>VT</State>
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        <AddressLine1>PO BOX 64818</AddressLine1>
        <City>BURLINGTON</City>
        <State>VT</State>
        <ZIPCode>054064818</ZIPCode>
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      <Name>KATHERINE NEUBAUER</Name>
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        <State>VT</State>
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      <Description>YOUTH SUMMER CAMPS: THE CSC OFFERS A WIDE VARIETY OF YOUTH SUMMER CAMP OPTIONS FOR YOUTH 6 YEARS OLD AND ABOVE. OUR CAMPS HELP YOUNG PEOPLE DEVELOP SOLID SKILLS FROM BEGINNER TO THE ADVANCED SAILOR, PROVIDE A SAFE PLACE TO GAIN UNDERSTANDING OF BOATING SAFETY, IMPROVE SELF-CONFIDENCE AND LEARN ABOUT LAKE CHAMPLAIN IN THE FORMAT OF A LIVING CLASSROOM. IN 2011 THE CSC SERVED 465 YOUTH IN THE SUMMER CAMP PROGRAM.</Description>
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        <Revenue>29290</Revenue>
        <Description>PERFORMANCE SAILING: THE CSC COACHES YOUTH SAILORS FROM AROUND THE REGION THROUGH THE NORTHERN VERMONT HIGH SCHOOL SAILING TEAM AND SUMMER RACE TEAM; IN EACH SEASON WE OFFER YOUNG SAILORS THE CHANCE TO DEVELOP SKILLS SUCH AS INDEPENDENT ACHIEVEMENT, TEAM WORK, AND PERSONAL RESPONSIBILITY. THESE PROGRAMS PROMOTE A PARTICIPANTS' SENSE OF PLACE AND A STRONG SENSE OF COMMUNITY WITHIN AND BEYOND THE TEAM AS PARTICIPANTS TRAVEL TO OTHER SAILING VENUES, MEET PEERS FROM DIFFERENT COMMUNITIES AND DEVELOP MENTOR RELATIONSHIPS WITH ADULTS THROUGH THE MEDIUM OF THEIR SHARED SPORT. IN 2011 THE CSC SERVED 63 YOUTH FROM 11 DIFFERENT LOCAL SCHOOLS.</Description>
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        <Description>LAKE ACCESS: THE CSC OFFERS BOAT RENTALS, STORAGE AND FACILITY USE SERVICES TO COMMUNITY MEMBERS SEASONALLY. IN 2011 850 BOATS WERE RENTED AND WE PROVIDED BOAT STORAGE TO OVER 80 PEOPLE.</Description>
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        <Description>LEADERSHIP: THIS PROGRAM SEEKS TO FACILITATE SYSTEMATIC CHANGE THROUGH INDIVIDUAL GROWTH BY NURTURING AT-RISK YOUTHS LEADERSHIP POTENTIAL, BUILDING NEW SKILLS, AND MAKING POSITIVE COMMUNITY CONNECTIONS THROUGH THE SPORT OF SAILING. THERE ARE MANY CHILDREN WHO LIVE LESS THAN A MILE AWAY FROM LAKE CHAMPLAIN WHO HAVE NEVER HAD THE OPPORTUNITY TO ACCESS LAKE-BASED ACTIVITIES. IN THIS PROGRAM, YOUTH FROM ALL CONCEIVABLE BACKGROUNDS LEARN TO PUT DIFFERENCES ASIDE AND WORK TOGETHER TO REALIZE THEIR DREAMS BIG AND SMALL. WOMEN IN WIND: THE COMMUNITY SAILING CENTERS WOMEN IN WIND PROGRAM USES SCIENCE AND SAILING AS THE WAY TO ADDRESS THE UNIQUE CHALLENGES FACED BY VERMONT GIRLS, AND IS DESIGNED TO HELP PARTICIPANTS FEEL SUPPORTED AND ENCOURAGED TO DEVELOP NEW SKILLS. IN EACH SESSION, GIRLS EMBARK ON A VOYAGE WITH ADVENTURES AND DISCOVERIES ALONG THE WAY. ITS AN EXPERIENCE WITH LASTING IMPACT THAT INCLUDES PERSONAL CHALLENGES, TIME FOR REFLECTION, AND TEAM-BUILDING ACTIVITIES, PROVIDING EACH STUDENT WITH AN OPPORTUNITY FOR SUCCESS. AWP: THE ADAPTIVE WATERSPORT PROGRAMS MISSION IS TO PROVIDE ON THE WATER OPPORTUNITIES FOR EVERYONE, REGARDLESS OF DISABILITY, AGE, AND ABILITY TO PAY AND AT ALL LEVELS FROM SUPERVISED RECREATIONAL SAILING TO INDEPENDENT RACING COMPETITION.THIS PROGRAM ENABLES PEOPLE WITH DISABILITIES TO REALIZE THEIR RECREATIONAL GOALS USING ADAPTED TEACHING METHODS AND A FULL ARRAY OF ADAPTIVE EQUIPMENT. IT PROVIDES AN INVALUABLE POINT OF ACCESS TO LAKE CHAMPLAIN AND FACILITATES POSITIVE CHANGE IN A PARTICIPANTS SELF- CONFIDENCE, LEADERSHIP, AND TEAMWORK. FLOATING CLASSROOM: THIS PROGRAM USES A SCIENCE CURRICULUM TO ENGAGE STUDENTS IN INQUIRY-BASED, ON-SHORE LESSONS, SAILING, AND TEAM-BUILDING ACTIVITIES. WE PROVIDE HANDS-ON EXPERIENCES THAT FOCUS ON IMMEDIATE LEARNING AND APPLICATION. FLOATING CLASSROOMS BRING VERMONT YOUTH TO THE WATERFRONT TO PARTICIPATE IN SCIENCE FIRST-HAND, USING A PLACE-BASED PEDAGOGY TO BUILD ON STUDENTS FOUNDATION OF CLASSROOM LEARNING THROUGH SCIENTIFIC SAMPLING AND EXPERIMENTATION.</Description>
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        <Description>PROGRAM EXPENSES</Description>
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        <ProgramServices>66132</ProgramServices>
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        <Description>MAINTENANCE AND REPAIRS</Description>
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      <OtherExpenses>
        <Description>MATERIALS AND SUPPLIES</Description>
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      <AccountsPayableAccruedExpenses>
        <BOY>10931</BOY>
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      <MortNotesPyblSecuredInvestProp>
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        <EOY>166613</EOY>
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      <OtherLiabilities>
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        <EOY>175173</EOY>
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      <FollowSFAS117>X</FollowSFAS117>
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      <TotalNetAssetsFundBalances>
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      <TotalLiabNetAssetsFundBalances>
        <BOY>663023</BOY>
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      <ReconcilationRevenueExpenses>34078</ReconcilationRevenueExpenses>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
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      <InvestmentIncomeAndUBTI>
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        <CurrentTaxYearMinus1Year>483928</CurrentTaxYearMinus1Year>
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      <EventsInformation>
        <NameOfEvent1>SIGNATURE EVENT</NameOfEvent1>
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        <CharitableContributionsEvent1>20756</CharitableContributionsEvent1>
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        <OtherDirectExpensesTotalEvents>8801</OtherDirectExpensesTotalEvents>
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      <GeneralExplanation>
        <Identifier>ORGANIZATION'S MISSION</Identifier>
        <ReturnReference>FORM 990 - ORGANIZATION'S MISSION</ReturnReference>
        <Explanation>THE LAKE CHAMPLAIN COMMUNITY SAILING CENTER (CSC) ENCOURAGES AND CELEBRATES THE RESPONSIBLE USE AND LONG TERM STEWARDSHIP OF LAKE CHAMPLAIN BY FOSTERING EDUCATIONAL AND RECREATIONAL OPPORTUNITIES FOR ALL MEMBERS OF OUR COMMUNITY. THE CSC IS COMMITTED TO ELIMINATING BARRIERS THAT PREVENT ACCESS TO LAKE CHAMPLAIN, OFFERS EXPERIENTIAL EDUCATION FOR WHICH COURAGE AND LEADERSHIP SKILLS CAN BE DEVELOPED AND PROVIDES AN INCLUSIVE ENVIRONMENT FOR ALL PEOPLE TO LEARN SAILING AND PADDLING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ALL OTHER ACCOMPLISHMENT DESCRIPTION</Identifier>
        <ReturnReference>FORM 990, PAGE 2, PART III, LINE 4D</ReturnReference>
        <Explanation>LEADERSHIP: THIS PROGRAM SEEKS TO FACILITATE SYSTEMATIC CHANGE THROUGH INDIVIDUAL GROWTH BY NURTURING AT-RISK YOUTHS LEADERSHIP POTENTIAL, BUILDING NEW SKILLS, AND MAKING POSITIVE COMMUNITY CONNECTIONS THROUGH THE SPORT OF SAILING. THERE ARE MANY CHILDREN WHO LIVE LESS THAN A MILE AWAY FROM LAKE CHAMPLAIN WHO HAVE NEVER HAD THE OPPORTUNITY TO ACCESS LAKE-BASED ACTIVITIES. IN THIS PROGRAM, YOUTH FROM ALL CONCEIVABLE BACKGROUNDS LEARN TO PUT DIFFERENCES ASIDE AND WORK TOGETHER TO REALIZE THEIR DREAMS BIG AND SMALL. WOMEN IN WIND: THE COMMUNITY SAILING CENTERS WOMEN IN WIND PROGRAM USES SCIENCE AND SAILING AS THE WAY TO ADDRESS THE UNIQUE CHALLENGES FACED BY VERMONT GIRLS, AND IS DESIGNED TO HELP PARTICIPANTS FEEL SUPPORTED AND ENCOURAGED TO DEVELOP NEW SKILLS. IN EACH SESSION, GIRLS EMBARK ON A VOYAGE WITH ADVENTURES AND DISCOVERIES ALONG THE WAY. ITS AN EXPERIENCE WITH LASTING IMPACT THAT INCLUDES PERSONAL CHALLENGES, TIME FOR REFLECTION, AND TEAM-BUILDING ACTIVITIES, PROVIDING EACH STUDENT WITH AN OPPORTUNITY FOR SUCCESS. AWP: THE ADAPTIVE WATERSPORT PROGRAMS MISSION IS TO PROVIDE ON THE WATER OPPORTUNITIES FOR EVERYONE, REGARDLESS OF DISABILITY, AGE, AND ABILITY TO PAY AND AT ALL LEVELS FROM SUPERVISED RECREATIONAL SAILING TO INDEPENDENT RACING COMPETITION.THIS PROGRAM ENABLES PEOPLE WITH DISABILITIES TO REALIZE THEIR RECREATIONAL GOALS USING ADAPTED TEACHING METHODS AND A FULL ARRAY OF ADAPTIVE EQUIPMENT. IT PROVIDES AN INVALUABLE POINT OF ACCESS TO LAKE CHAMPLAIN AND FACILITATES POSITIVE CHANGE IN A PARTICIPANTS SELF- CONFIDENCE, LEADERSHIP, AND TEAMWORK. FLOATING CLASSROOM: THIS PROGRAM USES A SCIENCE CURRICULUM TO ENGAGE STUDENTS IN INQUIRY-BASED, ON-SHORE LESSONS, SAILING, AND TEAM-BUILDING ACTIVITIES. WE PROVIDE HANDS-ON EXPERIENCES THAT FOCUS ON IMMEDIATE LEARNING AND APPLICATION. FLOATING CLASSROOMS BRING VERMONT YOUTH TO THE WATERFRONT TO PARTICIPATE IN SCIENCE FIRST-HAND, USING A PLACE-BASED PEDAGOGY TO BUILD ON STUDENTS FOUNDATION OF CLASSROOM LEARNING THROUGH SCIENTIFIC SAMPLING AND EXPERIMENTATION.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ORGANIZATION'S PROCESS USED TO REVIEW FORM 990</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 11B</ReturnReference>
        <Explanation>MANAGEMENT REVIEWS THE 990 IN DETAIL AND THEN PROVIDES A COPY TO THE BOARD TREASURER TO REVIEW AND SIGN.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ENFORCEMENT OF CONFLICTS POLICY</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 12C</ReturnReference>
        <Explanation>ALL BOARD MEMBERS ARE REQUESTED TO, ON AN ANNUAL BASIS, SUBMIT A LIST OF ANY POTENTIAL CONFLICTS IN WRITING. THESE ARE KEPT ON FILE AND REVIEWED ANNUALLY PRIOR TO THE ANNUAL MEETING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMPENSATION PROCESS FOR TOP OFFICIAL</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 15A</ReturnReference>
        <Explanation>COMPENSATION IS DECIDED UPON VOTE OF THE EXECUTIVE COMMITTEE THROUGH REGULAR MEETINGS AND/OR SPECIAL SESSIONS FOR SAID PURPOSE.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMPENSATION PROCESS FOR OFFICERS</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 15B</ReturnReference>
        <Explanation>COMPENSATION IS DECIDED UPON VOTE OF THE EXECUTIVE COMMITTEE THROUGH REGULAR MEETINGS AND/OR SPECIAL SESSIONS FOR SAID PURPOSE.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>GOVERNING DOCUMENTS DISCLOSURE EXPLANATION</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 19</ReturnReference>
        <Explanation>GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.</Explanation>
      </GeneralExplanation>
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</Return>