Hyde School
- Assets
- $46.6m
- Revenue
- $8.6m
- Investments
- $4.1m
- Employees
- 92
- Location
- Bath, ME
- Founding
- 04/1966
- Data as of
- 06/2021
- EIN
- 01-6021559
Organization Overview
Hyde School is located in Bath, ME. The organization was established in 1966. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2021, Hyde School employed 92 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hyde School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Hyde School generated $8.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $9.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION FOR GRADES 9 THROUGH POST GRADUATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 90 STUDENTS ATTENDED THE SCHOOL IN THE YEAR ENDED JUNE 30, 2021.
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 90 STUDENTS ATTENDED THE SCHOOL IN THE YEAR ENDED JUNE 30, 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Malcolm Gauld Executive Director | Officer | 40 | $1,509,153 |
Laura Gauld Head Of School, President | Officer | 40 | $286,192 |
Sarah Clifford CFO | Officer | 40 | $119,528 |
Dana Mcavity Chairman | OfficerTrustee | 1 | $0 |
Scott Bertschy Director | Trustee | 1 | $0 |
Steven Cary Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Northern Building And Design Construction/renovation | 6/29/18 | $257,491 |
Marc Cram Construction/renovation | 6/29/18 | $155,790 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $899,712 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,319,021 |
| Noncash contributions included in lines 1a–1f | $34,609 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,218,733 |
| Total Program Service Revenue | $4,874,282 |
| Investment income | $580,220 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $123,789 |
| Net Gain/Loss on Asset Sales | $812,110 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,609,134 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $789 |
| Grants and other assistance to domestic individuals. | $1,563,818 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,023,628 |
| Compensation of current officers, directors, key employees. | $485,437 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,176,821 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $522,555 |
| Payroll taxes | $233,537 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $85,998 |
| Fees for services: Accounting | $41,268 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $52,936 |
| Fees for services: Other | $286,448 |
| Advertising and promotion | $28,497 |
| Office expenses | $103,050 |
| Information technology | $102,041 |
| Royalties | $0 |
| Occupancy | $992,145 |
| Travel | $10,692 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,615 |
| Interest | $105,897 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $967,718 |
| Insurance | $144,652 |
| All other expenses | $0 |
| Total functional expenses | $8,967,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $724,247 |
| Savings and temporary cash investments | $732,470 |
| Pledges and grants receivable | $529,692 |
| Accounts receivable, net | $12,680 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,305 |
| Prepaid expenses and deferred charges | $79,681 |
| Net Land, buildings, and equipment | $15,257,502 |
| Investments—publicly traded securities | $24,989,130 |
| Investments—other securities | $4,144,714 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $134,778 |
| Total assets | $46,617,199 |
| Accounts payable and accrued expenses | $395,915 |
| Grants payable | $0 |
| Deferred revenue | $562,587 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,773,377 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $807,319 |
| Total liabilities | $3,539,198 |
| Net assets without donor restrictions | $36,592,946 |
| Net assets with donor restrictions | $6,485,055 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $46,617,199 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Hyde School has recieved totaling $240,069.
| Awarding Organization | Amount |
|---|---|
Mcavity Family Foundation Greenwich, CT PURPOSE: UNRESTRICTED | $110,000 |
The Bessemer Giving Fund Woodbridge, NJ PURPOSE: GENERAL SUPPORT | $60,000 |
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $55,000 |
Frankel Family Foundation Chicago, IL PURPOSE: GENERAL OPERATING | $10,000 |
Melmac Education Foundation Augusta, ME PURPOSE: TGM SCHOLARSHIP | $2,000 |
Palriwala Foundation Of America Springfield, NJ PURPOSE: GENERAL PURPOSE | $1,000 |
Endowment Analysis
| Beg. Balance | $24,653,838 |
| Earnings | $6,821,455 |
| Net Contributions | $837,662 |
| Grants | $2,446,483 |
| Ending Balance | $29,866,472 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Derryfield School Manchester, NH | $44,949,554 | $20,323,202 |
Tilton School Tilton, NH | $51,782,047 | $28,426,192 |
Gould Academy Bethel, ME | $51,802,466 | $16,747,864 |
Kents Hill School Kents Hill, ME | $53,732,644 | $12,333,982 |
The Trustees Of Fryeburg Academy Fryeburg, ME | $79,323,577 | $20,722,502 |
Coe-Brown Northwood Academy Northwood, NH | $14,207,279 | $13,826,653 |
North Yarmouth Academy Yarmouth, ME | $20,098,579 | $17,214,127 |
Dublin School Inc Dublin, NH | $31,365,781 | $17,498,470 |
Lincoln Academy New Castle, ME | $30,176,614 | $16,577,404 |
The White Mountain School Bethlehem, NH | $18,684,439 | $10,223,577 |
Maine Central Institute Pittsfield, ME | $27,592,245 | $10,693,279 |
Hyde School Bath, ME | $46,617,199 | $8,609,134 |