Hyde School: FY2024 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 · $11.5M · in their own filed words · FY2023

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 135 students attended the school in the year ended June 30, 2024.

$11.5Mprogram 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 FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$11.8M

Ln 12

Fees for servicesLn 2g$8.8M

Gifts and grantsLn 1h$1.6M

Investment incomeLn 3$1.2M

Money outPt IX

$14.1M

Ln 25

Programscol B$11.5M

Managementcol C$2.0M

Fundraisingcol D$501K

Owns and owesPt X

$36.4M

net assets · Ln 32

Cash and savingsLn 1–2$257K

Total assetsLn 16$38.5M

LiabilitiesLn 26$2.1M

PeoplePt VI, VII

26

listed · VII A

PaidVII A6

Voting boardVI 1a18

IndependentVI 1b18

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$1.6M

Noncash giftsLn 1g$38K

Fees for servicesLn 2g$8.8M

Investment incomeLn 3$1.2M

Other incomeLn 4–11$136K

Gains on assetsLn 7$678K

Total revenueLn 12$11.8M

Assets in detailPt X, end of year

CashLn 1$2K

SavingsLn 2$255K

Cash and savings togetherLn 1–2$257K

InvestmentsLn 11–13$23.9M

Land, buildings, equipmentLn 10c$13.7M

Other assetsLn 15$0

Total assetsLn 16$38.5M

LiabilitiesLn 26$2.1M

Net assetsLn 32$36.4M

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 FY24	End FY24
Cash and savingsLn 1–2	$232K	$257K
InvestmentsLn 11–13	$24.2M	$23.9M
Land, buildings, equipmentLn 10c	$14.3M	$13.7M
Total assetsLn 16	$39.9M	$38.5M
LiabilitiesLn 26	$2.4M	$2.1M
Net assetsLn 32	$37.4M	$36.4M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$100	$100
Grants to domestic individualsLn 2	$4.7M	$4.7M
Pay of current officers, directors and key staffLn 5	$742K	$161K	$581K
Other salaries and wagesLn 7	$3.4M	$2.5M	$524K	$320K
Pension plan contributionsLn 8	$101K	$79K	$12K	$10K
Other employee benefitsLn 9	$665K	$486K	$120K	$59K
Payroll taxesLn 10	$271K	$181K	$68K	$22K
Legal feesLn 11b	$117K		$117K
Accounting feesLn 11c	$83K		$83K
Investment management feesLn 11f	$48K		$48K
Other fees for servicesLn 11g	$270K	$185K	$85K
Advertising and promotionLn 12	$64K	$62K	$2K
Office expensesLn 13	$68K	$51K		$16K
Information technologyLn 14	$85K	$14K	$71K
OccupancyLn 16	$1.4M	$1.3M	$82K	$21K
TravelLn 17	$30K			$30K
Conferences, conventions and meetingsLn 19	$12K	$3K	$10K
InterestLn 20	$94K		$94K
Depreciation, depletion and amortizationLn 22	$1.0M	$948K	$61K	$16K
InsuranceLn 23	$88K		$88K
Other expenses (24a–d)Ln 24	$789K	$783K		$6K
Total functional expensesLn 25	$14.1M	$11.5M	$2.0M	$501K

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 Viewing	$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	$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 FY2024 990 (6 parts)

Part I · Summary $11,812,775 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $2,873,776$1,634,970

I-9 Program service revenuePrior year $6,234,157$8,827,329

I-10 Investment incomePrior year $1,521,169$1,214,291

I-11 Other revenuePrior year $138,613$136,185

I-12 Total revenuePrior year $10,767,715$11,812,775

I-13 Grants and similar amounts paidPrior year $3,144,868$4,743,090

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

I-15 Salaries and benefitsPrior year $4,573,011$5,162,946

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

I-17 Other expensesPrior year $4,166,990$4,182,320

I-18 Total expensesPrior year $11,884,869$14,088,356

I-19 Revenue less expensesPrior year −$1,117,154−$2,275,581

Part VI · Governance 18 of 18 board members independent, 1 to look at

VI-1a Voting members of the governing body18

VI-1b Independent voting members18

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 $11,812,775 across 8 lines filed

VIII-1f All other contributions, gifts and grants$1,634,970

VIII-1g Noncash contributions (included above)$38,052

VIII-1h Total contributions, gifts and grants$1,634,970

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,827,329$8,827,329

VIII-3 Investment incomeExcluded from tax $536,453$536,453

VIII-6 Net rental income or lossExcluded from tax $136,185$136,185

VIII-7 Net gain or loss on sales of assetsExcluded from tax $677,838$677,838

VIII-12 Total revenueRelated to mission $8,827,329 · Unrelated business $0 · Excluded from tax $1,350,476$11,812,775

Part IX · Statement of functional expenses $14,088,356 across 21 lines filed

IX-1 Grants to domestic organizationsPrograms $100$100

IX-2 Grants to domestic individualsPrograms $4,742,990$4,742,990

IX-5 Pay of current officers, directors and key staffPrograms $161,406 · Management $580,973$742,379

IX-7 Other salaries and wagesPrograms $2,539,117 · Management $524,403 · Fundraising $320,352$3,383,872

IX-8 Pension plan contributionsPrograms $79,152 · Management $11,718 · Fundraising $10,306$101,176

IX-9 Other employee benefitsPrograms $485,604 · Management $120,347 · Fundraising $58,983$664,934

IX-10 Payroll taxesPrograms $180,516 · Management $68,500 · Fundraising $21,569$270,585

IX-11b Legal feesManagement $117,215$117,215

IX-11c Accounting feesManagement $82,842$82,842

IX-11f Investment management feesManagement $48,474$48,474

IX-11g Other fees for servicesPrograms $185,244 · Management $84,867$270,111

IX-12 Advertising and promotionPrograms $61,803 · Management $2,090$63,893

IX-13 Office expensesPrograms $51,429 · Fundraising $16,106$67,535

IX-14 Information technologyPrograms $14,007 · Management $71,061$85,068

IX-16 OccupancyPrograms $1,306,132 · Management $81,524 · Fundraising $21,407$1,409,063

IX-17 TravelFundraising $30,190$30,190

IX-19 Conferences, conventions and meetingsPrograms $2,523 · Management $9,905$12,428

IX-20 InterestManagement $94,160$94,160

IX-22 Depreciation, depletion and amortizationPrograms $948,048 · Management $60,523 · Fundraising $15,892$1,024,463

IX-23 InsuranceManagement $87,791$87,791

IX-24 Other expenses (24a–d)Programs $783,271 · Fundraising $5,816$789,087

IX-25 Total functional expensesPrograms $11,541,342 · Management $2,046,393 · Fundraising $500,621$14,088,356

Part X · Balance sheet $38,457,850 assets, 19 lines filed

X-1 Cash, non-interest-bearingStart of year $2,489$2,489

X-2 Savings and temporary cash investmentsStart of year $229,164$254,831

X-3 Pledges and grants receivableStart of year $305,278$553,464

X-4 Accounts receivableStart of year $42,072$38,522

X-8 Inventories for sale or useStart of year $12,833$17,410

X-9 Prepaid expenses and deferred chargesStart of year $20,346$319

X-10c Land, buildings and equipment, netStart of year $14,250,033$13,723,057

X-11 Publicly traded securitiesStart of year $18,310,539$18,476,015

X-12 Other securitiesStart of year $5,932,867$5,391,743

X-15 Other assetsStart of year $752,861$0

X-16 Total assetsStart of year $39,858,482$38,457,850

X-17 Accounts payable and accrued expensesStart of year $377,097$293,395

X-19 Deferred revenueStart of year $446,234$761,524

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

X-26 Total liabilitiesStart of year $2,443,210$2,097,678

X-27 Net assets without donor restrictionsStart of year $31,535,455$29,944,078

X-28 Net assets with donor restrictionsStart of year $5,879,817$6,416,094

X-32 Total net assets or fund balancesStart of year $37,415,272$36,360,172

X-33 Total liabilities and net assetsStart of year $39,858,482$38,457,850

Part XI · Reconciliation of net assets $36,360,172 net assets at year end

XI-1 Total revenue$11,812,775

XI-2 Total expenses$14,088,356

XI-3 Revenue less expenses−$2,275,581

XI-4 Net assets at start of year$37,415,272

XI-5 Net unrealized gains (losses) on investments$1,220,481

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$36,360,172

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Hyde School FY2024 filing

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