Treatment Abuse, Behavior Modification, Thought Reform > The Ridge Creek School / Hidden Lake Academy

HLA's Possible Income Scenario

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Anonymous:
I wonder how much income has been generated from Ridge Creek, St. Francis Academy, the HLA Foundation, etc.....

Troll Control:

--- 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.
--- End quote ---


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.

Anonymous:
and that income is JUST from tuition.

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.

Anonymous:

--- 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.
--- End quote ---


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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