Author Topic: Malcolm Gauld's 2004 compensation on IRS Form 990: $238,276  (Read 12035 times)

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Offline Anonymous

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Malcolm Gauld's 2004 compensation on IRS Form 990: $238,276
« on: February 12, 2007, 06:59:23 PM »
Here is a copy of the most recent IRS Form 990 submitted by Hyde School and posted on the GuideStart website: http://www.guidestar.org/FinDocuments/2 ... 75b0-9.pdf

You will see that for calendar year 2004, Malcolm Gauld's compensation was $238,276 and the contribution to his employee benefit plan was $59,387 (page 31)

I am stunned by this income.  

Do you think Hyde parents know this?  How do you think they would react if they knew?
« Last Edit: December 31, 1969, 07:00:00 PM by Guest »

Offline Ursus

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Malcolm Gauld's 2004 compensation on IRS Form 990: $238,276
« Reply #1 on: February 12, 2007, 07:47:32 PM »
It certainly puts their exhortions to dig deeper in a...  certain light.  I wonder how the charter school parents might feel about this information, too.

Something that struck me: why is there an Ogden Utah stamp on the first page.  Is this where schools send their IRS filings?  Or is Hyde a corporation that is based there?

I think you meant to say p20 or 21 for his particulars...

I am a little in shock myself.  Although, I must confess, I don't really have any perspective on how to judge it.

Thanks ever so much for supplying us with this info!
« Last Edit: December 31, 1969, 07:00:00 PM by Guest »
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Offline Ursus

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Malcolm Gauld's 2004 compensation on IRS Form 990: $238,276
« Reply #2 on: February 12, 2007, 08:29:57 PM »
Lending some perspective...

http://www.washingtonpost.com/wp-dyn/co ... v=hcmodule

Headmasters' Salaries on the Rise
Higher Pay Not Sating Demand for Private School Leaders
By Valerie Strauss
Washington Post Staff Writer
Saturday, January 20, 2007; Page A01


The heads of some Washington area private schools receive annual compensation packages of more than $300,000, including the use of houses and cars and other perks -- and the trend is for salaries to rise, according to school data and interviews with compensation experts.

The region's best-paid private school heads typically make more than public school superintendents, who oversee scores of schools, but less than top college presidents. The pay increase is the result of many factors, including broader professional demands on private school leaders and the general trend toward higher pay for top executives in the private sector, private school officials say.

But escalating salaries have been insufficient to stem a growing shortage of qualified and willing candidates to take the jobs at private elementary, secondary, day and boarding schools, experts say. The problem is so acute that more than one school had to conduct successive headmaster searches when leading candidates dropped out.

Stone Ridge School of the Sacred Heart, a Catholic school for girls in Montgomery County, had three head searches in five years, said sources who asked not to be identified because of confidentiality rules surrounding the searches. Officials at other private schools would not speak on the record about their process, but two said they'd had to conduct multiple searches.

"The main point is supply and demand," said Patrick Bassett, president of the National Association of Independent Schools, a nonprofit organization that represents nearly 1,200 independent schools across the country. "It's easy enough to find a history teacher. . . . It's not easy to find an experienced and successful head of school ready to jump ship."

In the past, headmasters simply had to be educational leaders. But today, in addition to being an academic leader, a school head is expected to be a top-flight fundraiser, a bond expert who can raise money for new buildings and a personnel whiz who connects with students, parents, faculty, staff and alumni.

"It's like the old Ed Sullivan shows," said Peter Calfee of Calfee Financial Advisors Inc., a consulting company in Cleveland that helps private schools find administrators. "Remember the guy with the plates spinning on the sticks? It's like that with the critical issues at a school. You can't afford to have one plate crack or drop."

There has also been a cultural shift. Until the mid-1990s, most private school heads received relatively modest salaries. But as corporate chiefs began to pull in seven- and eight-figure salaries, many began to question why so little was being paid to those charged with educating the nation's children. New hires and the heads of the most prestigious schools have been the beneficiaries.

Competing with the desire to reward qualified heads is a concern among boards of trustees about Internal Revenue Service regulations that govern executive compensation. The IRS prohibits excessive compensation or other benefits to individuals running tax-exempt organizations, including independent schools. Anything deemed excessive by the IRS is subject to a tax and other sanctions, but the IRS doesn't define excessive benefits.

The average annual base salary for private school heads across the country in 2006-07 was $167,000, according to the National Association of Independent Schools. The average salary of a public school superintendent in 2005-06 was $116,244, according to the nonprofit Educational Research Service and the publication Education Week. And some presidents of public and private colleges make at least $500,000, the Chronicle of Higher Education recently reported.

F. Robertson Hershey, head of Episcopal High School in Alexandria, a boarding school of 438 students, receives at least $425,101 in base salary, according to federal tax forms for the year ending June 2005, the latest publicly available. Expense accounts and other allowances were $24,987, and benefit contributions and deferred compensation added up to $55,320. Compensation experts said IRS forms reveal most, but not all, compensation.

Montgomery County Superintendent Jerry D. Weast, who oversees 199 schools, receives a base salary of $237,794.

Among private school heads, Hershey's earnings are not alone in exceeding the average:

· Georgetown Day School in the District paid Peter Branch $296,202, plus $75,150 in expenses for the year ending June 2005.

· Charles E. Smith Jewish Day School in Rockville paid Jonathan Cannon $300,198, plus $56,734 in employee benefits for the year ending June 2005.

· Bruce Stewart of Sidwell Friends School, with campuses in Bethesda and the District, received a base salary of $220,189, plus employee benefit contributions and deferred compensation of $25,616 for the year ending June 2004, the latest figures publicly available.

John L. Townsend III, chairman of the board of trustees at Episcopal High School, said that Hershey is well compensated because he is worth it, noting that Hershey had successfully expanded the school.

The Washington region has nearly 90 independent schools -- elementary, secondary, day and boarding -- that educate more than 34,000 students and employ 7,700 people, according to the Association of Independent Schools of Greater Washington.

Elite schools in the area are as difficult to get into as Harvard University, with 10 applications for every spot, officials say. As enrollment rises at top schools, so does tuition. The 2006-07 tuition at St. Albans School in the District, for example, is $26,501 for a day student, $13,000 more than a decade ago.

Some of the smaller institutions report lower demand, however, in part because of costs.

Although some have questioned the rising headmaster salaries, Bassett said it is the shrinking pool of qualified leaders that should cause concern. A 2002 survey by his organization found that as many as 80 percent of current heads were expected to change jobs or retire by 2012.

---------------------------
Private Pay

Following are compensation packages for the heads of some independent schools in the Washington area as reported to the IRS for the school year ending June 30, 2005, unless otherwise noted.

The District
Georgetown Day School
Grades pre-K-12; 1,025 students
Head: Peter Branch
Compensation: $296,202
Employee benefit contributions: $17,773
Expense account: $75,150
Sidwell Friends School
For the year ending June 2004
Grades pre-K-12; 1,100 students
Head: Bruce Stewart
Compensation: $220,189
Employee benefit contributions and deferred compensation: $25,616
Expense account: $0
The school does not provide housing but financed the purchase of a home for Stewart and holds a note receivable with an interest rate of 5.25 percent.

Virginia
The Potomac School
Grades K-12; 875 students
Head: Geoffrey Jones
Compensation: $209,656
Employee benefit contributions: $152,107
Expense account: $48,270
Episcopal High School
Grades 9-12; 435 boarding students
Head: F. Robertson Hershey
Compensation: $425,101
Employee benefit contributions and deferred compensation: $55,320
Expense account and other allowances: $24,987
Plus use of house

Maryland
The Bullis School
Grades 4-12; 600 students
Head: Thomas Farquhar
Compensation: $283,212
Employee benefit contributions: $61,381
Expense account and other allowances: $53,762.
Charles E. Smith Jewish Day School
Grades K-12; 1,515 students
Head: Jonathan Cannon
Compensation: $300,198
Employee benefit contribution: $56,734
Expense account: $0

Note: Consultants to private schools say the figures reported to the government represent about 70 percent of total compensation. Student enrollments are approximate. Most faith-based nonprofit organizations, including schools, are not required to file 990 forms.
SOURCE: www.guidestar.org
« Last Edit: December 31, 1969, 07:00:00 PM by Guest »
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Offline Anonymous

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Malcolm Gauld's 2004 compensation on IRS Form 990: $238,276
« Reply #3 on: February 12, 2007, 09:06:38 PM »
Quote from: ""Ursus""
It certainly puts their exhortions to dig deeper in a...  certain light.  I wonder how the charter school parents might feel about this information, too.

Something that struck me: why is there an Ogden Utah stamp on the first page.  Is this where schools send their IRS filings?  Or is Hyde a corporation that is based there?

I think you meant to say p20 or 21 for his particulars...

I am a little in shock myself.  Although, I must confess, I don't really have any perspective on how to judge it.

Thanks ever so much for supplying us with this info!


Right, so much for "fair share."  Gauld's compensation package really makes me feel good about the financial sacrifices our family made in order to contribute to Hyde.  I regret that I ever wrote the place a check.

The reference to page 31, which includes Gauld's income figures,  is to the sequential page numbers at the bottom of each page.
« Last Edit: December 31, 1969, 07:00:00 PM by Guest »

Offline Anonymous

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Malcolm Gauld's 2004 compensation on IRS Form 990: $238,276
« Reply #4 on: February 12, 2007, 09:21:48 PM »
Quote from: ""Ursus""
Lending some perspective...

http://www.washingtonpost.com/wp-dyn/co ... v=hcmodule

Headmasters' Salaries on the Rise
Higher Pay Not Sating Demand for Private School Leaders
By Valerie Strauss
Washington Post Staff Writer
Saturday, January 20, 2007; Page A01


The heads of some Washington area private schools receive annual compensation packages of more than $300,000, including the use of houses and cars and other perks -- and the trend is for salaries to rise, according to school data and interviews with compensation experts.

The region's best-paid private school heads typically make more than public school superintendents, who oversee scores of schools, but less than top college presidents. The pay increase is the result of many factors, including broader professional demands on private school leaders and the general trend toward higher pay for top executives in the private sector, private school officials say.

But escalating salaries have been insufficient to stem a growing shortage of qualified and willing candidates to take the jobs at private elementary, secondary, day and boarding schools, experts say. The problem is so acute that more than one school had to conduct successive headmaster searches when leading candidates dropped out.

Stone Ridge School of the Sacred Heart, a Catholic school for girls in Montgomery County, had three head searches in five years, said sources who asked not to be identified because of confidentiality rules surrounding the searches. Officials at other private schools would not speak on the record about their process, but two said they'd had to conduct multiple searches.

"The main point is supply and demand," said Patrick Bassett, president of the National Association of Independent Schools, a nonprofit organization that represents nearly 1,200 independent schools across the country. "It's easy enough to find a history teacher. . . . It's not easy to find an experienced and successful head of school ready to jump ship."

In the past, headmasters simply had to be educational leaders. But today, in addition to being an academic leader, a school head is expected to be a top-flight fundraiser, a bond expert who can raise money for new buildings and a personnel whiz who connects with students, parents, faculty, staff and alumni.

"It's like the old Ed Sullivan shows," said Peter Calfee of Calfee Financial Advisors Inc., a consulting company in Cleveland that helps private schools find administrators. "Remember the guy with the plates spinning on the sticks? It's like that with the critical issues at a school. You can't afford to have one plate crack or drop."

There has also been a cultural shift. Until the mid-1990s, most private school heads received relatively modest salaries. But as corporate chiefs began to pull in seven- and eight-figure salaries, many began to question why so little was being paid to those charged with educating the nation's children. New hires and the heads of the most prestigious schools have been the beneficiaries.

Competing with the desire to reward qualified heads is a concern among boards of trustees about Internal Revenue Service regulations that govern executive compensation. The IRS prohibits excessive compensation or other benefits to individuals running tax-exempt organizations, including independent schools. Anything deemed excessive by the IRS is subject to a tax and other sanctions, but the IRS doesn't define excessive benefits.

The average annual base salary for private school heads across the country in 2006-07 was $167,000, according to the National Association of Independent Schools. The average salary of a public school superintendent in 2005-06 was $116,244, according to the nonprofit Educational Research Service and the publication Education Week. And some presidents of public and private colleges make at least $500,000, the Chronicle of Higher Education recently reported.

F. Robertson Hershey, head of Episcopal High School in Alexandria, a boarding school of 438 students, receives at least $425,101 in base salary, according to federal tax forms for the year ending June 2005, the latest publicly available. Expense accounts and other allowances were $24,987, and benefit contributions and deferred compensation added up to $55,320. Compensation experts said IRS forms reveal most, but not all, compensation.

Montgomery County Superintendent Jerry D. Weast, who oversees 199 schools, receives a base salary of $237,794.

Among private school heads, Hershey's earnings are not alone in exceeding the average:

· Georgetown Day School in the District paid Peter Branch $296,202, plus $75,150 in expenses for the year ending June 2005.

· Charles E. Smith Jewish Day School in Rockville paid Jonathan Cannon $300,198, plus $56,734 in employee benefits for the year ending June 2005.

· Bruce Stewart of Sidwell Friends School, with campuses in Bethesda and the District, received a base salary of $220,189, plus employee benefit contributions and deferred compensation of $25,616 for the year ending June 2004, the latest figures publicly available.

John L. Townsend III, chairman of the board of trustees at Episcopal High School, said that Hershey is well compensated because he is worth it, noting that Hershey had successfully expanded the school.

The Washington region has nearly 90 independent schools -- elementary, secondary, day and boarding -- that educate more than 34,000 students and employ 7,700 people, according to the Association of Independent Schools of Greater Washington.

Elite schools in the area are as difficult to get into as Harvard University, with 10 applications for every spot, officials say. As enrollment rises at top schools, so does tuition. The 2006-07 tuition at St. Albans School in the District, for example, is $26,501 for a day student, $13,000 more than a decade ago.

Some of the smaller institutions report lower demand, however, in part because of costs.

Although some have questioned the rising headmaster salaries, Bassett said it is the shrinking pool of qualified leaders that should cause concern. A 2002 survey by his organization found that as many as 80 percent of current heads were expected to change jobs or retire by 2012.

---------------------------
Private Pay

Following are compensation packages for the heads of some independent schools in the Washington area as reported to the IRS for the school year ending June 30, 2005, unless otherwise noted.

The District
Georgetown Day School
Grades pre-K-12; 1,025 students
Head: Peter Branch
Compensation: $296,202
Employee benefit contributions: $17,773
Expense account: $75,150
Sidwell Friends School
For the year ending June 2004
Grades pre-K-12; 1,100 students
Head: Bruce Stewart
Compensation: $220,189
Employee benefit contributions and deferred compensation: $25,616
Expense account: $0
The school does not provide housing but financed the purchase of a home for Stewart and holds a note receivable with an interest rate of 5.25 percent.

Virginia
The Potomac School
Grades K-12; 875 students
Head: Geoffrey Jones
Compensation: $209,656
Employee benefit contributions: $152,107
Expense account: $48,270
Episcopal High School
Grades 9-12; 435 boarding students
Head: F. Robertson Hershey
Compensation: $425,101
Employee benefit contributions and deferred compensation: $55,320
Expense account and other allowances: $24,987
Plus use of house

Maryland
The Bullis School
Grades 4-12; 600 students
Head: Thomas Farquhar
Compensation: $283,212
Employee benefit contributions: $61,381
Expense account and other allowances: $53,762.
Charles E. Smith Jewish Day School
Grades K-12; 1,515 students
Head: Jonathan Cannon
Compensation: $300,198
Employee benefit contribution: $56,734
Expense account: $0

Note: Consultants to private schools say the figures reported to the government represent about 70 percent of total compensation. Student enrollments are approximate. Most faith-based nonprofit organizations, including schools, are not required to file 990 forms.
SOURCE: www.guidestar.org


The Washington Post article is very interesting.  Note that the article states, "The average annual base salary for private school heads across the country in 2006-07 was $167,000, according to the National Association of Independent Schools."

Malcolm Gauld's salary for 2004 -- two or so years earlier -- was $238,276.  So, when you factor in inflation, the discrepancy is bigger.  Hyde appears to be a cash cow. I wonder how generous Hyde is with teacher salaries.l
« Last Edit: December 31, 1969, 07:00:00 PM by Guest »

Offline Anonymous

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Re: Malcolm Gauld's 2004 compensation on IRS Form 990: $238,
« Reply #5 on: February 12, 2007, 10:33:12 PM »
Quote from: ""Guest""
Here is a copy of the most recent IRS Form 990 submitted by Hyde School and posted on the GuideStart website: http://www.guidestar.org/FinDocuments/2 ... 75b0-9.pdf

You will see that for calendar year 2004, Malcolm Gauld's compensation was $238,276 and the contribution to his employee benefit plan was $59,387 (page 31)

I am stunned by this income.  

Do you think Hyde parents know this?  How do you think they would react if they knew?


First of all, give credit where credit is due.  You only mentioned Malcolm's salary.  What about the salary Hyde School pays Laura?  Did you salary information include both campuses?  What about all the income from the Charter Schools which are run with YOUR tax paying dollars.

Don't forget all the benefits like free housing, free food, free transportation, free everything.  Don't you have to claim this as compensation?  I also understand that Hyde makes a ton of money in rent from the boarding schools, etc.  I believe there is also compensation from each charter school.

Ha, ha, ha, who is the joke on?  I guess all the parents.  It is laughable that they put so much pressure on the parents to give, give, give!!
« Last Edit: December 31, 1969, 07:00:00 PM by Guest »

Offline Ursus

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Malcolm Gauld's 2004 compensation on IRS Form 990: $238,276
« Reply #6 on: February 12, 2007, 11:20:54 PM »
Okay, here's another, more local, source.  Median range still way below Malcolm's:  "The middle 50 percent of salaries range from $110,513 to $181,186."

http://www.seacoastonline.com/2003news/ ... /48142.htm

Headmaster?s $500K salary not a shocker

By Jesse J. DeConto
[email protected]

The trustee chairman of a local private school said the recent news of St. Paul?s prep school headmaster Craig Anderson?s half million dollar compensation package makes it easier to justify his chief administrator?s salary to potential donors.

The Wall Street Journal reported Anderson received $524,000 in salary, benefits and deferred compensation last year. This is more than four times the national average for pure boarding schools, according to the National Association of Independent Schools (NAIS). It is much higher than the principal?s salary at Phillips Exeter Academy and compares closely with that of the Dartmouth College president.

The NAIS, which includes both Berwick Academy and Phillips Exeter Academy, calculates average salaries for private school principals. NAIS spokeswoman Myra McGovern said the highest headmaster?s salary reported for the 2002-03 school year was $325,000. The median salaries are $143,050 for day school headmasters and $100,000 for boarding schools. The middle 50 percent of salaries range from $110,513 to $181,186.

"Any of those numbers seem excessive, depending on where you sit in life," said Chuck Clement, owner of Eastern Propane and chair of the Berwick board of trustees. "Being overpaid is certainly a matter of perception."

Although, on average, day school salaries are higher than at boarding schools because of room and board provisions, Richard "Hap" Ridgway, head of school at Berwick Academy, a country day school, earns far less than Anderson, who lives in his school?s 14,000-square-foot mansion. The board of trustees at Berwick has been trying to raise Ridgway?s salary to the national average over time. For private day schools like Berwick, which serve students in kindergarten through 12th grade, the median principal?s salary is $158,420.

"We have not gotten Hap to the median standard at this point," Clement said. "He actually has refused some of his increases."

Clement said Ridgway?s below-average salary and stellar performance make it easier to approach potential donors during capital campaigns. The board chairman does not envy those now faced with raising money for St. Paul?s School.

"It would be a little more difficult for folks to pick up the phone over there and ask the parents for an annual donation," Clement said.

The Berwick board of trustees could not contemplate paying its headmaster as much as Anderson because the school has an endowment about 3 percent of the size of St. Paul?s - $339 million - and relies heavily on tuition payments to operate.

"Their business plan over there clearly would be different than our business plan," Clement said. "We have a lot of people at Berwick Academy who work two jobs to send their kids there."

Demanding parents who want the best for their children can put a lot of pressure on a headmaster, and dealing with that stress is worth a substantial salary, Clement said.

"I always tell him he?s got 1,100 bosses," Clement said. "I don?t know about you, but one or two is more than enough."

Anderson?s "bosses" at St. Paul?s are split with regard to his pay level. Some parents are calling for his ouster, while others applaud his fund-raising campaigns that have quadrupled annual donations during his six-year tenure.

"A good fund-raiser for a school is incredibly valuable," Ridgway said. "That?s not anybody?s favorite job. ... The stresses on being a head of school have gotten to the point where people are leaving because it?s just not worth it."

"It?s really comparable to a lot of the skills required of CEOs these days," said the NAIS? McGovern. "The job is so complex and requires so much, it?s really a 24-7 job. There are fewer candidates that are aspiring to headship."

Still, Ridgway called Anderson?s salary very generous.

"St. Paul?s is an incredibly well-endowed school," he said. "They?re one of the most fortunate schools in the country. They pay their teachers very well, and, obviously, they pay their administrators very well."

Headmaster/Principal Salaries**

School Salary Total compensation

Berwick Academy $117,500 $140,224 (2001)

Dartmouth College $351,390 $563,103 (2001)

Exeter H.S. $86,300 $98,275

Marshwood H.S. $75,363 $94,204*

Newmarket H.S. $76,791 $95,989*

Phillips Exeter $194,072 $336,142 (2002)

Portsmouth H.S. $82,000 $102,500*

St. Paul?s - Concord N/A $524,000 (2003)

Traip Academy $76,125 $95,156*

UNH $200,000 $250,000*(2003)

Winnacunnet H.S. $85,280 $105,000


*Total compensation is calculated by increasing the salary figure by 25 percent, to reflect the typical benefits package.

**All figures are for fiscal year 2004 unless otherwise noted.

Sources: School officials and guidestar.org
« Last Edit: December 31, 1969, 07:00:00 PM by Guest »
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Offline Anonymous

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Malcolm Gauld's 2004 compensation on IRS Form 990: $238,276
« Reply #7 on: February 13, 2007, 12:42:54 AM »
Malcolm Gauld's salary for 2004 -- two or so years earlier -- was $238,276. So, when you factor in inflation, the discrepancy is bigger. Hyde appears to be a cash cow. I wonder how generous Hyde is with teacher salaries.

Hyde is not generous at all with their teachers which is why so few of them stay more than a year.  I have never seen such quick turnover of employees.  What does this say about the education at Hyde?

As far as Malcolm's salary, I assume this $238,000 does not include all the free services he gets.  I wonder the same thing as another poster. How much is Laura making and what other funds are they getting from all the other sources ie charter schools, foundations, etc.
« Last Edit: December 31, 1969, 07:00:00 PM by Guest »

Offline Ursus

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Malcolm Gauld's 2004 compensation on IRS Form 990: $238,276
« Reply #8 on: February 13, 2007, 01:05:33 AM »
Quote
How much is Laura making


$78,000; contribution to employee benefit plan $12,979.
« Last Edit: February 13, 2007, 11:20:12 AM by Guest »
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Offline Anonymous

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Re: Malcolm Gauld's 2004 compensation on IRS Form 990: $238,
« Reply #9 on: February 13, 2007, 01:38:31 AM »
Quote from: ""Guest""
Quote from: ""Guest""
Here is a copy of the most recent IRS Form 990 submitted by Hyde School and posted on the GuideStart website: http://www.guidestar.org/FinDocuments/2 ... 75b0-9.pdf

You will see that for calendar year 2004, Malcolm Gauld's compensation was $238,276 and the contribution to his employee benefit plan was $59,387 (page 31)

I am stunned by this income.  

Do you think Hyde parents know this?  How do you think they would react if they knew?

First of all, give credit where credit is due.  You only mentioned Malcolm's salary.  What about the salary Hyde School pays Laura?  Did you salary information include both campuses?  What about all the income from the Charter Schools which are run with YOUR tax paying dollars.

Don't forget all the benefits like free housing, free food, free transportation, free everything.  Don't you have to claim this as compensation?  I also understand that Hyde makes a ton of money in rent from the boarding schools, etc.  I believe there is also compensation from each charter school.

Ha, ha, ha, who is the joke on?  I guess all the parents.  It is laughable that they put so much pressure on the parents to give, give, give!!


Most of your children would be willing to pay that much and plenty besides to undo the years of Hyde.
« Last Edit: December 31, 1969, 07:00:00 PM by Guest »

Offline Anonymous

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Re: Malcolm Gauld's 2004 compensation on IRS Form 990: $238,
« Reply #10 on: February 13, 2007, 07:37:44 AM »
Quote from: ""Guest""
Quote from: ""Guest""
Quote from: ""Guest""
Here is a copy of the most recent IRS Form 990 submitted by Hyde School and posted on the GuideStart website: http://www.guidestar.org/FinDocuments/2 ... 75b0-9.pdf

You will see that for calendar year 2004, Malcolm Gauld's compensation was $238,276 and the contribution to his employee benefit plan was $59,387 (page 31)

I am stunned by this income.  

Do you think Hyde parents know this?  How do you think they would react if they knew?

First of all, give credit where credit is due.  You only mentioned Malcolm's salary.  What about the salary Hyde School pays Laura?  Did you salary information include both campuses?  What about all the income from the Charter Schools which are run with YOUR tax paying dollars.

Don't forget all the benefits like free housing, free food, free transportation, free everything.  Don't you have to claim this as compensation?  I also understand that Hyde makes a ton of money in rent from the boarding schools, etc.  I believe there is also compensation from each charter school.

Ha, ha, ha, who is the joke on?  I guess all the parents.  It is laughable that they put so much pressure on the parents to give, give, give!!

Most of your children would be willing to pay that much and plenty besides to undo the years of Hyde.


 Please give and give generously to help the important work Hyde is doing:

http://www.hyde.edu/podium/default.aspx?t=40167

There are many ways to give.  Choose the one that is best for you.
« Last Edit: December 31, 1969, 07:00:00 PM by Guest »

Offline Anonymous

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Re: Malcolm Gauld's 2004 compensation on IRS Form 990: $238,
« Reply #11 on: February 13, 2007, 09:48:33 AM »
Quote from: ""Guest""
Quote from: ""Guest""
Quote from: ""Guest""
Quote from: ""Guest""
Here is a copy of the most recent IRS Form 990 submitted by Hyde School and posted on the GuideStart website: http://www.guidestar.org/FinDocuments/2 ... 75b0-9.pdf

You will see that for calendar year 2004, Malcolm Gauld's compensation was $238,276 and the contribution to his employee benefit plan was $59,387 (page 31)

I am stunned by this income.  

Do you think Hyde parents know this?  How do you think they would react if they knew?

First of all, give credit where credit is due.  You only mentioned Malcolm's salary.  What about the salary Hyde School pays Laura?  Did you salary information include both campuses?  What about all the income from the Charter Schools which are run with YOUR tax paying dollars.

Don't forget all the benefits like free housing, free food, free transportation, free everything.  Don't you have to claim this as compensation?  I also understand that Hyde makes a ton of money in rent from the boarding schools, etc.  I believe there is also compensation from each charter school.

Ha, ha, ha, who is the joke on?  I guess all the parents.  It is laughable that they put so much pressure on the parents to give, give, give!!

Most of your children would be willing to pay that much and plenty besides to undo the years of Hyde.

 Please give and give generously to help the important work Hyde is doing:

http://www.hyde.edu/podium/default.aspx?t=40167

There are many ways to give.  Choose the one that is best for you.


 And all you alums out there.  Remember you would be nothing if it was not for Hyde.  You would be worthless worm meat if Hyde had not entered your life, so now it is time to "Give Back."  Hyde is the special place that saved your worthless life from the ignoble end you were destined for before you accepted Joe as your Personal Saviour. Dig deep!
« Last Edit: December 31, 1969, 07:00:00 PM by Guest »

Offline Anonymous

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Re: Malcolm Gauld's 2004 compensation on IRS Form 990: $238,
« Reply #12 on: February 13, 2007, 09:52:57 AM »
Quote from: ""Guest""
Here is a copy of the most recent IRS Form 990 submitted by Hyde School and posted on the GuideStart website: http://www.guidestar.org/FinDocuments/2 ... 75b0-9.pdf

You will see that for calendar year 2004, Malcolm Gauld's compensation was $238,276 and the contribution to his employee benefit plan was $59,387 (page 31)

I am stunned by this income.  

Do you think Hyde parents know this?  How do you think they would react if they knew?


Hey,

 Don't forget Mal's dad is sucking on the Hyde tit, his two sisters, his two brothers in law and his wife too.  I bet that Gauld haul is seven figures per year.
« Last Edit: December 31, 1969, 07:00:00 PM by Guest »

Offline Ursus

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Malcolm Gauld's 2004 compensation on IRS Form 990: $238,276
« Reply #13 on: February 13, 2007, 10:24:53 AM »
I think you are just about right (7 fig.).

I wish we had an accountant amongst us to translate...

There are 11 pages missing out of the interior of the form, I'm not sure that means anything.  The return is numbered into the 30's, the download is 26 pages long.  The gap consists of pages 13-23, inclusively.

Related organizations are listed as:  Hyde Foundation, Fast Inc., Hyde School at Woodstock, Hyde Realty Trust.  The tax return is solely for The Hyde School in Bath, Maine; I am not sure whether the other entities have been filed separately (guidestar angel?).

On page 7, they need to list the 5 highest paid employees.  These are:  Kenneth Grant, Exec Director; $80,500 compensation/$13,111 employee benefit plan contribution; Joseph Gauld, Founder; $75,000/$8,708; Claire Grant, Assistant Director; $72,300/$3,939; Laura Gauld, Exec /Director; $78,000/$12,979; Lavoe Davis, Exec Director; $80,000/$7,623.  Number of additional employees paid over $50,000 is noted as 2 (no details).

On pages 31-32 (pp20-21 of the download):  List of officers, directors, trustees, and key employees.  Most of these make $0, with the following exceptions:  Malcolm Gauld, president; $238,276/$59,387; Laurie Hurd, headmaster; $108,315/$13,708; Robert Pauline, CFO; $99,500/$12,951.
« Last Edit: February 13, 2007, 11:33:56 AM by Guest »
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Offline Ursus

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Malcolm Gauld's 2004 compensation on IRS Form 990: $238,276
« Reply #14 on: February 13, 2007, 10:37:54 AM »
I am guessing the offspring do not pay tuition.  There is also a $7000 childcare deduction noted as one of the expenses.  I am assuming that is for Malcolm and Laura's son.
« Last Edit: December 31, 1969, 07:00:00 PM by Guest »
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