Treatment Abuse, Behavior Modification, Thought Reform > Hyde Schools
HYDE SCHOOL Questions about Finances
Anonymous:
--- Quote ---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!"
--- End quote ---
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:
--- Quote ---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!"
--- End quote ---
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:
--- Quote ---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!"
--- End quote ---
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.
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