Hyde financial status

[Anonymous]

Does anyone have information about Hyde's current financial status, stability, financial concerns, etc.?

[Anonymous]

http://www.guidestar.org/pqShowGsReport ... oId=738402

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HYDE LEADERSHIP PUBLIC CHARTER SCHOOL OF WASHINGTON DC INC
   
101 T St NE
Washington, DC 20002
   
GENERAL INFORMATION

Contact:    Ms Donna Gray, Director of Advancement
Telephone:    (202) 529-4400
Fax:    (202) 529-4500
E-mail:    http://www.hyde.edu

Who We Are

Hyde Leadership is an inner-city non-profit charter school providing a nationally recognized character education/college preparatory program that revolutionizes the school/child/parent relationship. Elementary through high school grades.

• This organization is a 501(c)(3) Public Charity .
• This organization is required to file an IRS Form 990 or 990-EZ.
• Financial information in this report is derived from the organization's 2007-06-30 00:00:00.0 Form 990.
• Additional narrative information in this report was last supplied by the organization on 2001-10-04 14:30:00.0.
• It makes its audited financial statements available to the public upon request.

How to Help

This organization is seeking funds from contributions and grants. These funds will be used for unrestricted operating expenses, special projects and endowments.

Location(s) Served

• Washington, DC

NTEE Code

• B24—Primary/Elementary Schools
• B25—Secondary/High School
• B94—Parent Teacher Group

EIN:    52-2174617
Year Founded:    1999
Ruling Year:    2000
Fiscal Year:    2007-06-30 00:00:00.0
Assets:    5089369 (from Jun 30, 2007 Form 990)
Income:    11161134 (from Jun 30, 2007 Form 990)
No. of Board Members:    5
No. of Full-Time Employees:    21-100
No. of Part-Time Employees:    1-5
No. of Volunteers:    1-5

Chief Executive

Mrs. Joanne Wingood Goubourn

Chief Executive Profile

Mrs. Goubourn, Hyde Leadership's Head of School, is a 1975 graduate of the original Hyde School in Bath Maine, so she is a 30 year veteran of the Hyde process. She completed her ungraduate studies at Wellesley College in 1979 with a degree in Urban Studies,and quickly moved through the management ranks of the U.S. Postal Service. In 1988 she completed a Master's Degree in Human Reource Development at American International College in Springfield, MA and chose to return to the Hyde School in Bath, ME, as a Program Director and English Teacher. In 1993 Hyde chose Mrs. Goubourn to help found and become the Assistant Head of School at the new Hyde Leadership School in New Haven, CT, a school still in existence today. In 1998 she was again tapped to lead when she was offered and accepted the Head of School position at hte New Leadership Charter School in Springfield, MA. Under her lead the school grew from 90 students in 1998 to 250 students in 2001. Her love for and commitment to Hyde convinced her to accept her current position of Head of School position of the Hyde Leadership Public Charter School. She also began a Doctoral program at Howard University in Education Administration. Mrs. Goubourn believes deeply that American education needs what Hyde has to offer, and she plans to make this school a national model for excellence in public education.

BOARD OF DIRECTORS

Name, Title

Joseph Gauld, Chair
Joseph Fanone, Treasurer
Frederick Prince    
Patricia Chittams, Secretary and Parent Rep.
Deborah Smith, Parent Rep.

MISSION AND PROGRAMS

Mission

Our mission is to serve as the model for the new American public school by revolutionizing the relationship between parents and schools to provide a rigorous learning environment where individuals develop character and uncover a deeper purpose in their lives.

Programs

Hyde Leadership currently serves approximately 450 students in grades K-2 and 7-11 with plans to add grades each year until we are K-12 with 1000 students. 99% of our students are African American, and the majority qualify for free or reduced lunches. Hyde Leadership is the newest addition to a family of Hyde Schools with a national reputation for preparing students for college and for LIFE by helping them do the difficult work of real character development. Although the original Hyde School in Bath, Maine, was founded as a private boarding school (and still exists as such) the families from the District of Columbia who have chosen to enroll in Hyde Leadership are receiving this nationally recognized character education/college prep program FOR FREE as we are a public charter school. The Hyde philosophy has three emphases: CHARACTER DEVELOPMENT. The recognition of the fact that life is difficult is the main ingredient in the process of growing up. Hyde's program is carefully designed to help adolescents and their families recognize the difficulties of life and to respond to these challenges directly and effectively. Through developing each participant's character - their courage, integrity, leadership, curiosity, and concern for others - the Hyde Leadership Public Charter School helps each person to reach for his or her best honestly, fairly, and with compassion for the needs of others. ACADEMIC EXCELLENCE. Good character is limited without a strong set of the skills and knowledge which are essential to finding success in the modern world. That is why Hyde offers a rigorous academic program in English, mathematics, the sciences, history/social science, geography, and foreign language to prepare students for college. Additionally, all students participate in co-curricular activities in athletics, community service, and performing arts. Participation in these activities along with rigorous academic studies all serve to develop the individual elements of character. FAMILY INVOLVEMENT. Without parental involvement and commitment, most Hyde students won't reach their fullest potential. Simply put, parents are the greatest teachers and family is the most influential classroom. To model and inspire character, each member of a Hyde student's family is asked to continually address their attitudes, values, and deeper purpose in life - just as the students are doing. To support families in this process, we have created a Family Program that helps build committed partnerships between family and school.

Additional Comments from the Organization

Hyde-DC recent highlights include: * Hyde DC has been awarded Highest Parent Satisfaction among all DC charter schools for two years successively at the Major Achievements in Charter Schools awards dinner sponsored by the DC Charter School Resource Center. * Hyde's Stanford-9 test scores ranked second out of 34 charter schools in DC. Conservative estimates show that Hyde's school-wide average increases indicate its students have gained more than half a school year of academic progress above their grade level peers. * Our junior class (our highest current grade) has the highest average Stanford-9 scores of any junior class in any charter school or non-magnet public school in D.C.. * We have a higher percentage of our junior class taking Advanced Placement courses and advanced math than any other charter school or non-magnet public school in the city: 60% are taking at least one A.P. course and 50% are taking either Algebra II or Pre-Calculus. * Our current freshman class has shown a 45% increase in their Stanford-9 reading scores and a 33% increase in their math scores in the last two years. * We have the highest rate of student participation in athletics and performing arts of any public school in the city. * Miss America 2001, Angela Perez Baraquio, selected Hyde-DC as the location for announcing her ongoing commitment to support character education and recognizing Hyde-DC as a public school fully dedicated to character education. * Former Hyde-DC Headmaster, Don MacMillan, was chosen to meet President Bush in the Oval Office as a representative of a DC public charter school and attended the President at his press conference when he announced his education reform plan last spring. * Hyde-DC has forged a partnership with The Family Academy in Harlem, NY to begin Hyde's elementary school program. Over the past 10 years The Family Academy has demonstrated an ability to teach inner city elementary school students strong reading skills and to significantly outscore similar neighborhood schools on standardized reading tests. * Mayor Anthony Williams chose Hyde as the charter school to visit on the first day of classes, September 4, 2001.

GOALS AND RESULTS

Accomplishments for Fiscal Year Ending 2001-12-31 00:00:00.0

• Won Highest Parent Satisfaction among all DC charter schools for two years successively at the Major Achievements in Charter Schools awards dinner sponsored by the DC Charter School Resource Center.
• Reduced our percentage of students on Academic Probation (failing or in danger of failing three or more classes) from 42% at the end of the first grading period two years ago to only 10% at the end of the first grading period this year. Over half of those students currently on academic probation are new students at Hyde. Currently NOT ONE of our sophomores or juniors are on academic probation. We attribute this phenomenal success to the establishment of a character culture in the school, the tireless hard work of our teachers, and the improved attitudes and work ethics of our students. Over the past two years we have, in fact, raised the level of expectations for our students, and they are responding beautifully.
• Over the summer we doubled our enrollment, began an elementary school program, and upgraded our facilities to include a fully functioning library and state of the art computer lab.

Objectives for Fiscal Year Beginning 2001-09-04 00:00:00.0

• Increase our parent participation from 65% to above 90% so that more students benefit from their parents' character development.
• Develop, fully integrate, and train our teachers in a technology curriculum that will prepare our students to be savvy users of 21st century technology.
• Provide intense academic remediation to all students currently on Academic Probabtion so that all students are moved off that list.

Self Assessment

We track our effectiveness by how many families remain enrolled at Hyde each year, how well our students are performing adacemically, (both on standardized tests and in our academic program) and on how much the "character culture" in our school improves each year.

FORM 990 AND EDOCS

Forms 990 from the IRS:

 • 2007 Form 990 pdf
 • 2006 Form 990 pdf
 • 2005 Form 990 pdf
 • 2004 Form 990 pdf
 • 2003 Form 990 pdf
 • 2002 Form 990 pdf
 • 2001 Form 990 pdf
 • 2000 Form 990 pdf
 • 2000 Form 990 pdf

Additional Documents from the Organization:

None Available

To view this organization's IRS Form 990, you must have the Adobe Acrobat Reader installed on your system. If you don't have the Reader, you can get it at the Adobe Web site for free. Having trouble viewing PDFs? Try these steps.

 • Form 990 FAQs

FINANCIAL DATA

Revenues and Expenses: Fiscal Year Ending 2007-06-30 00:00:00.0

REVENUE    
Contributions    80525
Government Grants    1025198
Program Services    9844170
Investments    211241
Special Events    0
Sales    0
Other    0
Total Revenue    11161134

EXPENSES    
Program Services    8009234
Administration    2095912
Other    0
Total Expenses    10105146

Net Gain/Loss    1055988

Balance Sheet: Fiscal Year Ending 2007-06-30 00:00:00.0

Note: The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot long survive, but the types of assets and liabilities also must be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

ASSETS: 2006-07-01 00:00:00.0, 2007-06-30 00:00:00.0, Change
Cash & Equivalent: 2639055, 4239338, 1600283
Accounts Receivable: 182143, 76172, -105971
Pledges & Grants Receivable: 0, 0, 0
Receivable / Other: 0, 0, 0
Inventories for Sale of Use: 0, 0, 0
Investment/Securities: 0, 0, 0
Investment/Other: 0, 0, 0
Fixed Assets: 845653, 567889, -277764
Other: 165993, 205970, 39977
Total Assets: 3832844, 5089369, 1256525

LIABILITIES: 2006-07-01 00:00:00.0, 2007-06-30 00:00:00.0, Change
Accounts Payable: 191690, 94408, -97282
Grants Payable: 0, 0, 0
Deferred Revenue: 294957, 543453, 248496
Loans and Notes: 0, 0, 0
Tax-Exempt Bond Liabilities: 0, 0, 0
Other: 416898, 466221, 49323
Total Liabilities: 903545, 1104082, 200537

FUND BALANCE: 2929299, 3985287, 1055988

 • FAQs on financial data
 • Digitizing IRS Form 990 Data

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