Hyde School: FY2023 Nonprofit Profile & Form 990 (EIN 01-6021559)

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

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
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.

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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.

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1 program · $9.6M · in their own filed words · FY2022

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 curiosity. Approximately 102 students attended the school in the year ended June 30, 2023.

$9.6Mprogram 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

The@arthur L & Lily D Walters FoundationFY2025$10K

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$28,649

By the numbers

Org confirmed 0 of 11 linesconfirmednot yet

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$10.8M

Ln 12

Fees for servicesLn 2g$6.2M

Gifts and grantsLn 1h$2.9M

Investment incomeLn 3$1.5M

Money outPt IX

$11.9M

Ln 25

Programscol B$9.6M

Managementcol C$1.8M

Fundraisingcol D$397K

Owns and owesPt X

$37.4M

net assets · Ln 32

Cash and savingsLn 1–2$824K

Total assetsLn 16$39.9M

LiabilitiesLn 26$2.4M

PeoplePt VI, VII

27

listed · VII A

PaidVII A5

Voting boardVI 1a19

IndependentVI 1b19

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$2.9M

Government grantsLn 1e$616K

Noncash giftsLn 1g$52K

Fees for servicesLn 2g$6.2M

Investment incomeLn 3$1.5M

Other incomeLn 4–11$139K

Gains on assetsLn 7$803K

Total revenueLn 12$10.8M

Assets in detailPt X, end of year

CashLn 1$232K

SavingsLn 2$592K

Cash and savings togetherLn 1–2$824K

InvestmentsLn 11–13$23.7M

Land, buildings, equipmentLn 10c$14.3M

Other assetsLn 15$753K

Total assetsLn 16$39.9M

LiabilitiesLn 26$2.4M

Net assetsLn 32$37.4M

OperationsPt I, VI

EmployeesI 588

VolunteersI 650

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$779K	$824K
InvestmentsLn 11–13	$25.0M	$23.7M
Land, buildings, equipmentLn 10c	$14.9M	$14.3M
Total assetsLn 16	$41.2M	$39.9M
LiabilitiesLn 26	$3.3M	$2.4M
Net assetsLn 32	$37.9M	$37.4M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$350	$350
Grants to domestic individualsLn 2	$3.1M	$3.1M
Pay of current officers, directors and key staffLn 5	$721K	$168K	$553K
Other salaries and wagesLn 7	$3.0M	$2.3M	$460K	$232K
Pension plan contributionsLn 8	$76K	$63K	$7K	$7K
Other employee benefitsLn 9	$562K	$412K	$113K	$36K
Payroll taxesLn 10	$245K	$165K	$64K	$16K
Legal feesLn 11b	$46K		$46K
Accounting feesLn 11c	$51K		$51K
Investment management feesLn 11f	$48K		$48K
Other fees for servicesLn 11g	$179K	$123K	$57K
Advertising and promotionLn 12	$67K	$65K	$2K
Office expensesLn 13	$79K	$53K		$27K
Information technologyLn 14	$133K	$48K	$85K
OccupancyLn 16	$1.6M	$1.5M	$95K	$25K
TravelLn 17	$4K			$4K
Conferences, conventions and meetingsLn 19	$13K	$1K	$12K
InterestLn 20	$107K		$107K
Depreciation, depletion and amortizationLn 22	$980K	$907K	$58K	$15K
InsuranceLn 23	$91K		$91K
Other expenses (24a–d)Ln 24	$720K	$684K		$36K
Total functional expensesLn 25	$11.9M	$9.6M	$1.8M	$397K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$12.8M	$15.3M	−$2.5M	$35.0M	990 PDF
FY2024	$11.8M	$14.1M	−$2.3M	$36.4M	990 PDF
FY2023 Viewing	$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	$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 FY2023 990 (6 parts)

Part I · Summary $10,767,715 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $2,009,996$2,873,776

I-9 Program service revenuePrior year $5,351,124$6,234,157

I-10 Investment incomePrior year $1,240,546$1,521,169

I-11 Other revenuePrior year $111,625$138,613

I-12 Total revenuePrior year $8,713,291$10,767,715

I-13 Grants and similar amounts paidPrior year $1,888,663$3,144,868

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $4,753,644$4,573,011

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $3,943,990$4,166,990

I-18 Total expensesPrior year $10,586,297$11,884,869

I-19 Revenue less expensesPrior year −$1,873,006−$1,117,154

Part VI · Governance 19 of 19 board members independent, 1 to look at

VI-1a Voting members of the governing body19

VI-1b Independent voting members19

VI-2 Family or business relationship among officers or directorsYes

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $10,767,715 across 9 lines filed

VIII-1e Government grants$616,151

VIII-1f All other contributions, gifts and grants$2,257,625

VIII-1g Noncash contributions (included above)$51,599

VIII-1h Total contributions, gifts and grants$2,873,776

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,234,157$6,234,157

VIII-3 Investment incomeExcluded from tax $717,693$717,693

VIII-6 Net rental income or lossExcluded from tax $138,613$138,613

VIII-7 Net gain or loss on sales of assetsExcluded from tax $803,476$803,476

VIII-12 Total revenueRelated to mission $6,234,157 · Unrelated business $0 · Excluded from tax $1,659,782$10,767,715

Part IX · Statement of functional expenses $11,884,869 across 21 lines filed

IX-1 Grants to domestic organizationsPrograms $350$350

IX-2 Grants to domestic individualsPrograms $3,144,518$3,144,518

IX-5 Pay of current officers, directors and key staffPrograms $168,073 · Management $553,240$721,313

IX-7 Other salaries and wagesPrograms $2,277,593 · Management $459,940 · Fundraising $231,715$2,969,248

IX-8 Pension plan contributionsPrograms $62,576 · Management $6,504 · Fundraising $6,688$75,768

IX-9 Other employee benefitsPrograms $412,352 · Management $113,260 · Fundraising $36,076$561,688

IX-10 Payroll taxesPrograms $165,007 · Management $64,216 · Fundraising $15,771$244,994

IX-11b Legal feesManagement $45,597$45,597

IX-11c Accounting feesManagement $50,532$50,532

IX-11f Investment management feesManagement $48,111$48,111

IX-11g Other fees for servicesPrograms $122,627 · Management $56,839$179,466

IX-12 Advertising and promotionPrograms $65,014 · Management $1,709$66,723

IX-13 Office expensesPrograms $52,574 · Fundraising $26,601$79,175

IX-14 Information technologyPrograms $47,926 · Management $84,874$132,800

IX-16 OccupancyPrograms $1,529,462 · Management $95,395 · Fundraising $24,901$1,649,758

IX-17 TravelFundraising $3,885$3,885

IX-19 Conferences, conventions and meetingsPrograms $1,015 · Management $12,388$13,403

IX-20 InterestManagement $107,006$107,006

IX-22 Depreciation, depletion and amortizationPrograms $906,967 · Management $57,944 · Fundraising $15,215$980,126

IX-23 InsuranceManagement $90,683$90,683

IX-24 Other expenses (24a–d)Programs $683,876 · Fundraising $35,849$719,725

IX-25 Total functional expensesPrograms $9,639,930 · Management $1,848,238 · Fundraising $396,701$11,884,869

Part X · Balance sheet $39,858,482 assets, 20 lines filed

X-1 Cash, non-interest-bearingStart of year $661,726$231,653

X-2 Savings and temporary cash investmentsStart of year $117,482$592,212

X-3 Pledges and grants receivableStart of year $350,485$305,278

X-4 Accounts receivableStart of year $73,343$42,072

X-8 Inventories for sale or useStart of year $11,250$12,833

X-9 Prepaid expenses and deferred chargesStart of year $29,355$20,346

X-10c Land, buildings and equipment, netStart of year $14,861,754$14,250,033

X-11 Publicly traded securitiesStart of year $20,097,154$18,310,539

X-12 Other securitiesStart of year $4,853,870$5,340,655

X-15 Other assetsStart of year $133,063$752,861

X-16 Total assetsStart of year $41,189,482$39,858,482

X-17 Accounts payable and accrued expensesStart of year $585,455$377,097

X-19 Deferred revenueStart of year $535,928$446,234

X-24 Unsecured notes and loans payableStart of year $680,000$300,000

X-25 Other liabilitiesStart of year $2,772$2,781

X-26 Total liabilitiesStart of year $3,257,628$2,443,210

X-27 Net assets without donor restrictionsStart of year $32,137,389$31,535,455

X-28 Net assets with donor restrictionsStart of year $5,794,465$5,879,817

X-32 Total net assets or fund balancesStart of year $37,931,854$37,415,272

X-33 Total liabilities and net assetsStart of year $41,189,482$39,858,482

Part XI · Reconciliation of net assets $37,415,272 net assets at year end

XI-1 Total revenue$10,767,715

XI-2 Total expenses$11,884,869

XI-3 Revenue less expenses−$1,117,154

XI-4 Net assets at start of year$37,931,854

XI-5 Net unrealized gains (losses) on investments$600,572

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$37,415,272

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Hyde School FY2023 filing

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