Author Topic: Hyde School takes $1.6 million in taxpayer money/PPP "loans" during pandemic  (Read 2278 times)

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Offline survivorami

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Apparently Hyde School still had at least 70 students in 2020-2021 which means they received tuition so I'm not sure why they needed this money for "salaries"... It's been said often on this board that they don't hire many teachers with actual teaching credentials, and don't pay them that well, and hire zero psychologists.. So the payroll costs are not ridiculously extravagant, EXCEPT that Laura and Malcolm together make at least a half million a year or so..  They didn't have to pay these "loans" back if they didn't lay anyone off. They made 93 year old Joe "resign" in early 2021 after he was exposed for saying some terrible things about rape and child pornography distribution on campus by a student.

HYDE SCHOOL
Loan Amount
$899,712
  Link: https://projects.propublica.org/coronavirus/bailouts/loans/hyde-school-8269817000

Where applicants said the money will go
Payroll- $899,712
Location- Bath, ME Rural
Industry- Elementary and Secondary Schools
Business Type- Non-Profit Organization
Jobs Reported- 71
Lender- TD Bank, National Association
Date Approved- April 8, 2020
Business Age- Existing or more than 2 years old
Loan Status- Not Disclosed

HYDE SCHOOL
Loan Amount
$697,160
Link https://projects.propublica.org/coronavirus/bailouts/loans/hyde-school-4755848405

Where applicants said the money will go
Payroll- $697,156
Location- Bath, ME Rural
Industry- Elementary and Secondary Schools
Business Type- Non-Profit Organization
Jobs Reported- 55
Lender- TD Bank, National Association
Date Approved- Feb. 6, 2020
Business Age- Existing or more than 2 years old
Loan Status- Not Disclosed

Companies and nonprofit organizations that receive PPP loans may have the loans forgiven if they meet certain criteria, including not laying off employees during the defined period covered by the loan. Applicants must attest in their application that the loans are necessary for their continuing operation. Note: This data reflects loan applications approved by banks and submitted to the SBA. It may not account for money not distributed to, or credit not used by, a given company.



« Last Edit: December 22, 2021, 02:31:48 PM by survivorami »