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Author Topic: HLA's Possible Income Scenario  (Read 1718 times)

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Offline Anonymous

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HLA's Possible Income Scenario
« on: September 15, 2006, 07:54:09 PM »
HLA's Possible Income Scenario from 2000 - 2006:

Let's just say: 50 Peer Groups over 6 years.

Average Peer Group size: 15 kids

Total Number of kids: 750

Alleged Retention rate: 40%; 750 x .40 = 300 graduates

Average yearly tuition 2000: $5,000 x 19 months = $95,000
Average yearly tuition 2006: $5,950 x 19 months = $113,050
Average yearly tuition 2000 - 2006 = $104,025

Average income from graduates alone: $31,207,500 ($104,025 x 300 students)

Mandatory 3 month pre-paid tuition = $16,425

Non-graduates: 450  

Average income from pre-paid tuition from non-graduates = $7,391,250 ($16,425 x 450 non-graduates)

Average stay of non-graduates: 12 months

Tuition from non-graduates: $29,565,000 (12 months x 450 kids x $5475)

Cumulative income from all students (graduates and non-graduates): $68,163,750

Average yearly income over 6 years: $11,360,625

CURRENT yearly income (2006): $14,687,250

Note: These estimates do not include extra fees such as toiletries, shipping, etc.
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Offline RobertBruce

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HLA's Possible Income Scenario
« Reply #1 on: September 15, 2006, 08:12:02 PM »
Didnt Susie the Bullfrog claim no one was making any money at HLA, that it was VERY expensive to run?

I guess that makes sense what with the cost of legal fees to silence dissenters and the constant threat of lawsuit and all.
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Offline kid_thorazine

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HLA's Possible Income Scenario
« Reply #2 on: September 15, 2006, 09:27:09 PM »
i dont doubt that even with HLA cutting corners on everything, its still pretty expensive to run, i mean they do have to (occasionally) pay for foodservice, and im assuming they pay all of thier staff (most of the time) plus they (occasionally) have to pay income taxes when money is shifted out of the nonprofit organization. Also im sure thier insurance (which aparently they have since is wasnt mentioned anywhere in the law suit, has got to be really really really expensive.  but yeah i think about half of that figure maybe a little more is profit, and thats a lot of money.
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Offline RobertBruce

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HLA's Possible Income Scenario
« Reply #3 on: September 16, 2006, 12:58:18 AM »
Not to mention the Buch's personal taxes and extravagent dinners.
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Offline kid_thorazine

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HLA's Possible Income Scenario
« Reply #4 on: September 16, 2006, 01:01:01 AM »
dont forget trips to europe and lavish gifts to educational consultants, not to mention paying for thier trips to atlanta.
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Offline Anonymous

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HLA's Possible Income Scenario
« Reply #5 on: September 16, 2006, 07:27:04 AM »
I wonder how much income has been generated from Ridge Creek, St. Francis Academy, the HLA Foundation, etc.....
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Offline Troll Control

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Re: HLA's Possible Income Scenario
« Reply #6 on: September 16, 2006, 07:32:19 AM »
Quote from: ""Guest""
HLA's Possible Income Scenario from 2000 - 2006:

Let's just say: 50 Peer Groups over 6 years.

Average Peer Group size: 15 kids

Total Number of kids: 750

Alleged Retention rate: 40%; 750 x .40 = 300 graduates

Average yearly tuition 2000: $5,000 x 19 months = $95,000
Average yearly tuition 2006: $5,950 x 19 months = $113,050
Average yearly tuition 2000 - 2006 = $104,025

Average income from graduates alone: $31,207,500 ($104,025 x 300 students)

Mandatory 3 month pre-paid tuition = $16,425

Non-graduates: 450  

Average income from pre-paid tuition from non-graduates = $7,391,250 ($16,425 x 450 non-graduates)

Average stay of non-graduates: 12 months

Tuition from non-graduates: $29,565,000 (12 months x 450 kids x $5475)

Cumulative income from all students (graduates and non-graduates): $68,163,750

Average yearly income over 6 years: $11,360,625

CURRENT yearly income (2006): $14,687,250

Note: These estimates do not include extra fees such as toiletries, shipping, etc.


Well, this is a pretty good ballpark figure.  I have examined HLA's tax returns for last year and a few previous years.  

HLA's stated income is about $10milion per year.  Now, keep in mind that there are three entities, not just Hidden Lake Academy, Inc.  The other entities made money as well, although significantly less than the main corporation.
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Offline Anonymous

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« Reply #7 on: September 16, 2006, 05:20:20 PM »
and that income is JUST from tuition.
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Offline Lacey

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« Reply #8 on: September 16, 2006, 05:42:48 PM »
I can't believe that more about the dissapearing chapel fund wasnt brought into light about by the List of Complaints. I think it was mentioned, what, once? Thats been going on since before I even got there (2002) and I know parents have been contributing to that fund prolificly. Where the hell has all that money gone? That is en EXTREMELY large amount of money to just dissapear into Bucci's realm of INC's.
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Offline Anonymous

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HLA's Possible Income Scenario
« Reply #9 on: September 16, 2006, 06:26:35 PM »
Quote from: ""Lacey""
I can't believe that more about the dissapearing chapel fund wasnt brought into light about by the List of Complaints. I think it was mentioned, what, once? Thats been going on since before I even got there (2002) and I know parents have been contributing to that fund prolificly. Where the hell has all that money gone? That is en EXTREMELY large amount of money to just dissapear into Bucci's realm of INC's.


When my kid was there in 2003 they had "grandparents weekend."  They made a huge pitch for the chapel fundand I remember seeing all the grandparents pull out their checkbooks...

It makes my skin crawl.
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Offline Anonymous

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HLA's Possible Income Scenario
« Reply #10 on: September 16, 2006, 07:18:14 PM »
No parent will forget the day when they enrolled their child at HLA.   I was a basket case that day filled fear and praying that I was making the right decision.

 While in the admissions office taking care of the necessary paperwork for enrollment, we learned for the first time the total tuition amount required for enrollment.  We had no idea HLA required  the last 3 months tuition (nonrefundable with early withdrawal)  in addition to the current month..

 We were so stressed that day, we were not able to think clearly.  How could this happen, because we visited the school twice before enrollment and it was never disclosed.  We had many conversations with our Ed Con about HLA and she did not disclose this either.

We were shocked and questioned why no one had informed us.  We never received a straight answer, but they told us we could deduct part of the tuition on our taxes and our medical insurance would pick up some of the counseling bill.   There was no tax break and the insurance company paid so little, it was almost not worth the effort to file.
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Offline RobertBruce

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HLA's Possible Income Scenario
« Reply #11 on: September 16, 2006, 07:43:51 PM »
Yet they encouraged you to do so, how unlike a traditional boarding school.
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