HYDE SCHOOL Questions about Finances

[Anonymous]

A quick, revealing snippet about me: I am a professional journalist.  This website is terrific, and will be even more effective if the experience and wisdom it captures is morphed into a series of articles that yields a carefully balanced, rancor-less, portrait of the Hyde School--- especially if it results in the best elements of Hyde rising to the surface, and the eradication of the most damaging.

[Anonymous]

On 2005-11-29 08:39:00, Anonymous wrote:

"A quick, revealing snippet about me: I am a professional journalist.  This website is terrific, and will be even more effective if the experience and wisdom it captures is morphed into a series of articles that yields a carefully balanced, rancor-less, portrait of the Hyde School--- especially if it results in the best elements of Hyde rising to the surface, and the eradication of the most damaging."

I share your wish for a series of in-depth articles that yield a balanced, thoughtful assessment of Hyde.  That's the only principled and fair way to go about this.  My personal belief is that Hyde is so fundamentally flawed and toxic that full exposure from every angle will lead any reasonable person to conclude that they should put as much distance as possible between himself/herself and Hyde.  The voluminous, detailed, and incriminating tales on this website, from diverse perspectives and vested interests, should be enough to scare off anyone who considers Hyde as an option.

[Lars]

"You are one of so many who have lost your tuition dollars after been kicked out or having left for other reasons.  Hyde pockets a lot of money this way.  They also are known for holding a student back for at least one year before graduating.  They tell the family, "he is not ready to be a senior" but in fact it is another way of keeping the family at the school and the $$$."

This happened to me.  I didn't flunk academically, but was forced to do a second junior year because I wasn't "ready to be a senior" (read: drunk the Kool-Aid).  And my parents fell for it.

Believe it.  Although I was an underachiever academically (the effect magnified by their atrocious grading system which gave equal weight to "effort"), I still passed everything and scored a combined 1380 on the SAT (That's on the old scale - today that would be around 1500).  And they convinced my parents to make me do another junior year.  I'm sure that didn't help when I applied to college.  

Another reason (among many) that I won't ever give a f^%$&^g dime to that place.

[Anonymous]

How are you doing now!?

By the way, who's ready to go public with their identities!?

[Lars]

On 2005-11-29 09:37:00, Anonymous wrote:

"How are you doing now!?



By the way, who's ready to go public with their identities!?"

I'm doing quite well now.  Freed of their oppressive grading system (and oppressive everything else), I did very well in college and went on to law school.  I specialize in criminal litigation and have pretty busy practice.  I'm married to a beautiful women and have two great kids.  My wife is disgusted with many of the things I had to go through and agrees that we will NEVER send our children to a place like that.

[Anonymous]

Thank you for this reference. Bill Bennett was very helpful...

[Anonymous]

Thank you for your comments.  I also am looking to support others who might need a helping hand, and will shortly be publishing my name and contact information.

[Anonymous]

fffff

[Anonymous]

Can anyone tell me how to respond to a specific comment, and quote it directly?  I can't figure it out!

[Anonymous]

"I hope you sense that you have a great deal of support among many people posting on this website who, too, have had terrible experiences with Hyde (not unlike yours, it appears). Once you're willing to go public, I am confident that many people will rally on your behalf."

There is certainly unity in numbers... we can help each other by making sure that noone successfully treats any one family as an isolated set of malcontents.

[Anonymous]

On 2005-11-29 16:00:00, Anonymous wrote:

"Can anyone tell me how to respond to a specific comment, and quote it directly?  I can't figure it out!"

If you look right under someone's message you'll see a few options, one of which is "quote."  Click on "quote" and then scroll to the end of the comment to which you want to respond, type in your response, and click "say it."

[Anonymous]

This is exact information taken from the 2003 "990" Form of the US Tax Return for Hyde Schools.  You can see the full Form in it's entirety by going to http://www.guidestar.org.  Anyone can sign up to view the 990's without any charge.  Type in Hyde School Woodstock and Hyde School Bath.  You can also look at Hyde School DC, which I did not post.  Also not posted is the total income from other sources!  

Do the math!  The "Families" are making a fortune!  I take back everything I have thought of the Gauld Families.  They are very bright and we are the suckers!!

The truth will set you free Malcolm, Joe, and the rest of you!  BTW, your eyes are not deceiving you and there are no typographical errors.

Bath Campus

Total Revenue      $13,360,916
Total Expenses       8,750,110
Excess end of year   4,610,806
Net Assets          18,750,422

Travel Expenses        $306,240
Conventions,meetings    180,315

Woodstock Campus
 
Total Revenue       $8,460,110
Total Expenses       7,917,536
Excess end of year     542,574
Net Assets           9,297,602

Travel Expenses        $165,644
Conventions, meetings   150,024

[Anonymous]

On 2005-11-29 07:37:00, Anonymous wrote:

""I'd like to direct your attention to IRS Form 990 filed by the Hyde School (Bath) for 2003. On page 27 of this IRS document, Malcolm Gauld's income is listed as $170,790 with an employee benefit plan contribution of $58,911. Laurie Hurd's income is listed as $94,000 with an employee benefit plan contribution of $14,111. The comparable IRS form for the Woodstock campus lists Duncan McCrann's income as $94,000 with an amployee benefit plan contribution of $14,285 (page 28). These figures are two years old.



Do you still think that, to quote you, "NOBODY is making any many here"?"

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This is unbelievable!!  You say Malcolm is making around $240,000 and what about Laura his wife?  This doesn't even take into account the book sales, speaking engagements,and so on.  My guess is that his annual income with his wife is closer to $400,000 or more a year and virtually no expenses.  Someone else called this a "sham" and I agree.



You would think this family could at least learn how to dress considering how well off they are.  And for the poster who said they are not getting rich, wake up and smell the roses!!  They are beyond rich!"

Personally, I hope between the two of them they are making $250k....and hopefully a lot more.  For two execs of an entity of this size, I wouldn't want or expect anything less.

[Anonymous]

That's fine.  Let them make their money, but stop lying about the financial condition of the schools and themselves to get more from the parents/alumni!

[Anonymous]

On 2005-11-30 06:39:00, Anonymous wrote:

"That's fine.  Let them make their money, but stop lying about the financial condition of the schools and themselves to get more from the parents/alumni!"

And the lies again are?  

If Hyde only has a few years operating expenses and many schools have 2x, 3x or more, where is the lie?

And what if their infrastructure needs $50M of critical repairs and upgrades, again, where is the lie?

Anyway, given that all this information is PUBLIC in the first place, I just don't see the lie, so please fill us in!

Anyone remotely familiar with the finances of corporations knows that organizations can have a substantial asset base, significant revenues and still be financially troubled (or stated differently, in constant need), if indeed, that is what they are saying.