Hyde School FY2020 filing

The mission of Hyde Schools is to develop character to discover unique potential.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$637K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $1.6M a year · 15% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$637K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Plus $24.0M in investments, Pt X · Ln 11–13
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6.2M
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$10.3M
Spent
$11.9M
To programs
85%
Net assets
$37.8M
By yearFY2020–FY2025
Revenue
$10.3M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$10.3M
FY2021$8.6M
FY2022$8.7M
FY2023$10.8M
FY2024$11.8M
FY2025$12.8M
Expenses
$11.9M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$11.9M
FY2021$9.0M
FY2022$10.6M
FY2023$11.9M
FY2024$14.1M
FY2025$15.3M
Net assets
$37.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$37.8M
FY2021$43.1M
FY2022$37.9M
FY2023$37.4M
FY2024$36.4M
FY2025$35.0M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1966.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $10.1M Management & general 11% · $1.3M Fundraising 4% · $471K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

19 people listed on the 990; $637K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Head of School, President
$236,281Pt VII · Sec A
Executive Director
$177,989Pt VII · Sec A
$117,592Pt VII · Sec A
Admissions Director
$105,227Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Laura Gauld’s $347K as President/Head of School is at the 73rd percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Malcolm Gauld$134,073$142,000$146,822$143,323$1,509,153$177,989
Laura Gauld$347,304$347,669$347,811$271,801$286,192$236,281
Sarah Clifford$141,842$145,318$135,755$133,404$119,528$117,592
Charles Mugford$132,235—————
Robert Felt$127,756$116,407$115,843$102,735——
Kristin Harman——$101,030——$105,227
Michael True$103,952$100,583————
Richard Truluck$103,008$101,158————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Hyde School executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides educational programs for high school, college, and graduate students.

Questions for Hyde School

Tap to ask. Hyde School sees how many people are interested.

Your first name shows with your question. Hyde School answers here, for everyone.

1 program · $10.1M · in their own filed words · FY2019
01

Hyde School was founded to provide a private school education which centers upon individual growth and character development through the teaching of values and courage, integrity, concern for others, leadership and curiousity. Approximately 152 students attended the school in the year ended June 30, 2020.

$10.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$10K
Grants paid · 6 grants · $8.2M · 2020–2022
Unitemized GrantFY2022$3,144,518
Unitemized GrantFY2021$1,887,499
Unitemized GrantFY2020$1,535,169
Unitemized GrantFY2020$1,535,169
Unitemized GrantFY2020$28,649
Unitemized GrantFY2020$28,649

By the numbers

Org confirmed 0 of 11 linesconfirmednot yet

The FY2020 990, line by line.

1The main four
Money inPt VIII
$10.3M
Ln 12
Fees for servicesLn 2g$8.7M
Gifts and grantsLn 1h$1.1M
Investment incomeLn 3$448K
Money outPt IX
$11.9M
Ln 25
Programscol B$10.1M
Managementcol C$1.3M
Fundraisingcol D$471K
Owns and owesPt X
$37.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$44.0M
LiabilitiesLn 26$6.2M
PeoplePt VI, VII
19
listed · VII A
PaidVII A4
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Noncash giftsLn 1g$115K
Fees for servicesLn 2g$8.7M
Investment incomeLn 3$448K
Other incomeLn 4–11$86K
Gains on assetsLn 7−$181K
Total revenueLn 12$10.3M
Assets in detailPt X, end of year
CashLn 1$925K
SavingsLn 2$665K
Cash and savings togetherLn 1–2$1.6M
InvestmentsLn 11–13$24.0M
Land, buildings, equipmentLn 10c$16.1M
Other assetsLn 15$1.5M
Total assetsLn 16$44.0M
LiabilitiesLn 26$6.2M
Net assetsLn 32$37.8M
OperationsPt I, VI
EmployeesI 588
VolunteersI 650
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.5M$1.6M
InvestmentsLn 11–13$23.9M$24.0M
Land, buildings, equipmentLn 10c$16.9M$16.1M
Total assetsLn 16$45.2M$44.0M
LiabilitiesLn 26$5.5M$6.2M
Net assetsLn 32$39.7M$37.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$2.4M$2.4M
Pay of current officers, directors and key staffLn 5$612K$259K$353K
Other salaries and wagesLn 7$3.6M$3.1M$188K$271K
Pension plan contributionsLn 8$97K$89K$8K
Other employee benefitsLn 9$953K$823K$63K$67K
Payroll taxesLn 10$393K$325K$42K$26K
Legal feesLn 11b$24K$3K$21K
Accounting feesLn 11c$54K$54K
Investment management feesLn 11f$51K$51K
Other fees for servicesLn 11g$141K$93K$48K$550
Advertising and promotionLn 12$21K$21K
Office expensesLn 13$408K$382K$23K$2K
Information technologyLn 14$129K$12K$114K$3K
OccupancyLn 16$1.1M$997K$63K$16K
TravelLn 17$154K$107K$15K$31K
Conferences, conventions and meetingsLn 19$27K$17K$11K
InterestLn 20$117K$117K
Depreciation, depletion and amortizationLn 22$1.0M$952K$61K$16K
InsuranceLn 23$192K$178K$11K$3K
Other expenses (24a–d)Ln 24$453K$389K$37K$26K
Total functional expensesLn 25$11.9M$10.1M$1.3M$471K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $12.8M$15.3M−$2.5M$35.0M 990 PDF
FY2024 $11.8M$14.1M−$2.3M$36.4M 990 PDF
FY2023 $10.8M$11.9M−$1.1M$37.4M 990 PDF
FY2022 $8.7M$10.6M−$1.9M$37.9M 990 PDF
FY2021 $8.6M$9.0M−$359K$43.1M 990 PDF
FY2020 Viewing $10.3M$11.9M−$1.6M$37.8M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $10,304,962 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,105,342$1,060,486
I-9 Program service revenuePrior year $9,497,138$8,710,670
I-10 Investment incomePrior year $1,354,062$448,141
I-11 Other revenuePrior year $72,757$85,665
I-12 Total revenuePrior year $12,029,299$10,304,962
I-13 Grants and similar amounts paidPrior year $2,566,631$2,382,104
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $6,343,702$5,612,894
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,389,270$3,876,341
I-18 Total expensesPrior year $13,299,603$11,871,339
I-19 Revenue less expensesPrior year −$1,270,304−$1,566,377
Part VI · Governance 15 of 15 board members independent, 2 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $10,304,962 across 8 lines filed
VIII-1f All other contributions, gifts and grants$1,060,486
VIII-1g Noncash contributions (included above)$115,296
VIII-1h Total contributions, gifts and grants$1,060,486
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,710,670$8,710,670
VIII-3 Investment incomeExcluded from tax $628,869$628,869
VIII-6 Net rental income or lossExcluded from tax $85,665$85,665
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$180,728−$180,728
VIII-12 Total revenueRelated to mission $8,710,670 · Unrelated business $0 · Excluded from tax $533,806$10,304,962
Part IX · Statement of functional expenses $11,871,339 across 20 lines filed
IX-2 Grants to domestic individualsPrograms $2,382,104$2,382,104
IX-5 Pay of current officers, directors and key staffPrograms $259,474 · Management $352,505$611,979
IX-7 Other salaries and wagesPrograms $3,099,984 · Management $187,504 · Fundraising $270,829$3,558,317
IX-8 Pension plan contributionsPrograms $88,581 · Fundraising $7,958$96,539
IX-9 Other employee benefitsPrograms $823,339 · Management $62,699 · Fundraising $66,957$952,995
IX-10 Payroll taxesPrograms $325,374 · Management $41,623 · Fundraising $26,067$393,064
IX-11b Legal feesPrograms $2,916 · Management $21,484$24,400
IX-11c Accounting feesManagement $53,820$53,820
IX-11f Investment management feesManagement $50,659$50,659
IX-11g Other fees for servicesPrograms $92,992 · Management $47,852 · Fundraising $550$141,394
IX-12 Advertising and promotionPrograms $21,322$21,322
IX-13 Office expensesPrograms $381,852 · Management $23,471 · Fundraising $2,480$407,803
IX-14 Information technologyPrograms $12,354 · Management $113,964 · Fundraising $3,121$129,439
IX-16 OccupancyPrograms $996,716 · Management $62,559 · Fundraising $16,427$1,075,702
IX-17 TravelPrograms $107,260 · Management $15,464 · Fundraising $30,990$153,714
IX-19 Conferences, conventions and meetingsPrograms $16,608 · Management $10,809$27,417
IX-20 InterestManagement $116,853$116,853
IX-22 Depreciation, depletion and amortizationPrograms $952,372 · Management $60,794 · Fundraising $15,964$1,029,130
IX-23 InsurancePrograms $177,890 · Management $11,165 · Fundraising $2,932$191,987
IX-24 Other expenses (24a–d)Programs $389,318 · Management $36,998 · Fundraising $26,385$452,701
IX-25 Total functional expensesPrograms $10,130,456 · Management $1,270,223 · Fundraising $470,660$11,871,339
Part X · Balance sheet $44,005,647 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $869,864$924,716
X-2 Savings and temporary cash investmentsStart of year $587,939$664,888
X-3 Pledges and grants receivableStart of year $1,395,749$520,738
X-4 Accounts receivableStart of year $166,302$86,856
X-8 Inventories for sale or useStart of year $57,127$33,355
X-9 Prepaid expenses and deferred chargesStart of year $130,071$107,823
X-10c Land, buildings and equipment, netStart of year $16,859,242$16,129,859
X-11 Publicly traded securitiesStart of year $21,087,559$20,903,537
X-12 Other securitiesStart of year $2,799,492$3,135,322
X-15 Other assetsStart of year $1,236,965$1,498,553
X-16 Total assetsStart of year $45,190,310$44,005,647
X-17 Accounts payable and accrued expensesStart of year $528,455$487,967
X-19 Deferred revenueStart of year $1,075,100$275,120
X-25 Other liabilitiesStart of year $1,245,821$2,383,345
X-26 Total liabilitiesStart of year $5,535,451$6,173,806
X-27 Net assets without donor restrictionsStart of year $34,076,911$32,408,895
X-28 Net assets with donor restrictionsStart of year $5,577,948$5,422,946
X-32 Total net assets or fund balancesStart of year $39,654,859$37,831,841
X-33 Total liabilities and net assetsStart of year $45,190,310$44,005,647
Part XI · Reconciliation of net assets $37,831,841 net assets at year end
XI-1 Total revenue$10,304,962
XI-2 Total expenses$11,871,339
XI-3 Revenue less expenses−$1,566,377
XI-4 Net assets at start of year$39,654,859
XI-5 Net unrealized gains (losses) on investments−$256,641
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$37,831,841

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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