Lars, do you still believe they aren't in it for the money after reading the post below? This does not include all the land they own, money made on books, speaking engagements, etc! Where are those expenses coming out of? Our tuition maybe? Yes, I do think the Gauld clan does believe in what they are doing, but I think this proves they are making a fortune doing it. I am sure the evangelists on TV believe in what they are doing too!
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