Civic Intelligence

Hyde School at South Woodstock Inc

EIN 01-0504446 • 501(c)3 • Bath, ME

Profile

The mission of Hyde Schools is to renew and transform lives through in-depth programs of family-based character education, involving the values of courage, integrity, leadership, curiosity and concern.

616 High StreetBath, ME 04530

www.hyde.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2018

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

3rd percentile

-787%

Higher net margin than 3% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

99th percentile

$229,949

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 945.6% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

4th percentile

-100%

Faster revenue growth than 4% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$0

Down $11,304,427 (-100%) from 2017

Liabilities

Down

$0

Down $579,362 (-100%) from 2017

Net Assets

Down

$0

Down $10,725,065 (-100%) from 2017

Revenue

Down

$24,317

Down $8,708,457 (-100%) from 2017

Expenses

Down

$215,681

Down $8,906,795 (-98%) from 2017

Net Income

Up

-$191,364

Up $198,338 (+51%) from 2017

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2010: $16,358,764Liabilities 2010: $2,944,906Net Assets 2010: $13,413,8582010Assets 2011: $16,759,251Liabilities 2011: $3,629,469Net Assets 2011: $13,129,7822011Assets 2012: $17,125,962Liabilities 2012: $3,864,146Net Assets 2012: $13,261,8162012Assets 2013: $16,762,394Liabilities 2013: $3,601,025Net Assets 2013: $13,161,3692013Assets 2014: $16,711,320Liabilities 2014: $3,766,135Net Assets 2014: $12,945,1852014Assets 2015: $16,413,790Liabilities 2015: $4,093,054Net Assets 2015: $12,320,7362015Assets 2016: $15,878,768Liabilities 2016: $4,764,001Net Assets 2016: $11,114,7672016Assets 2017: $11,304,427Liabilities 2017: $579,362Net Assets 2017: $10,725,0652017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2018

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $8,472,8482010Revenue 2011: $9,228,458Expenses 2011: $9,512,534Net Income 2011: -$284,0762011Expenses 2012: $9,985,7262012Revenue 2013: $10,372,054Expenses 2013: $10,472,501Net Income 2013: -$100,4472013Revenue 2014: $10,461,311Expenses 2014: $10,791,317Net Income 2014: -$330,0062014Revenue 2015: $9,600,031Expenses 2015: $10,135,964Net Income 2015: -$535,9332015Revenue 2016: $9,000,587Expenses 2016: $10,206,556Net Income 2016: -$1,205,9692016Revenue 2017: $8,732,774Expenses 2017: $9,122,476Net Income 2017: -$389,7022017Revenue 2018: $24,317Expenses 2018: $215,681Net Income 2018: -$191,3642018

Highlighted filing

2018

Revenue$24,317
Expenses$215,681
Net Income-$191,364

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 14, 2019
Return Version
2017v2.3
Gross Receipts
$24,317
Mission and Program Overview

Mission

The mission of Hyde Schools is to renew and transform lives through in-depth programs of family-based character education, involving the values of courage, integrity, leadership, curiosity and concern.

Education for grades 9 through post graduate.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$11,005,153$0▼ $11,005,153
Cash and Non-Interest-Bearing Accounts$205,711$0▼ $205,711
Inventories for Sale or Use$66,910$0▼ $66,910
Accounts Receivable$25,554$0▼ $25,554
Pledges and Grants Receivable$1,099$0▼ $1,099
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$11,304,427$0▼ $11,304,427
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$579,362--
Total Liabilities$579,362$0▼ $579,362
Net Assets / Fund Balance
Unrestricted Net Assets$10,624,353$0▼ $10,624,353
Temporarily Rstr Net Assets$100,712$0▼ $100,712
Total Net Assets Fund Balance$10,725,065$0▼ $10,725,065
Total Liabilities and Net Assets / Fund Balance$11,304,427$0▼ $11,304,427
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert FeltHeadmasterFT$55,281$100,870$156,151

Board Members and Trustees

NameTitle
Nancy BrennanChairman
Malcolm W GauldExecutive Chairman
Laura GauldPresident
Alvaro G DeMolinaDirector
Andrew SylvesterDirector
Ann S BellDirector
Dana McAvityDirector
Debbie WernerDirector
Dee Dee ChesleyDirector
James A SilvermanDirector
Jamie DelaneyDirector
Jeffrey P BlackDirector
Jonathan A BellDirector
Malcolm McAvityDirector
Richard ChesleyDirector
Ritsubun KodaDirector
Steven CaryDirector
Thomas J MooreDirector
Erin BrownExec. Director of Development
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,818
Investment Income
$21,499
Other Revenue
$0
Change in Net Assets
$-191,364
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$162,941
Salaries, Compensation, and Employee Benefits$52,740
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses$70,093--$70,093
Occupancy$68,258--$68,258
Other Employee Benefits$48,346--$48,346
Fees for Services Legal-$17,920-$17,920
Other Salaries and Wages$4,394--$4,394
Travel$1,746$414-$2,160
Fees for Services Other-$1,878-$1,878
Other Expenses$848$1,784-$848
Total Functional Expenses$193,685$21,996$0$215,681
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

Dana McAvity (Director) and Malcolm McAvity (Director) have a family relationship. Ann S. Bell (Director) and Jonathan A. Bell (Director) have a family relationship. Dee Dee Chesley (Director) and Richard Chesley (Director) have a family relationship.

Form 990, Part VI, Section B, line 11B

The Form 990 is reviewed by the Executive Business Manager and the Finance Committee and a copy of the Form 990 is provided to the governing body for review before it is filed.

Form 990, Part VI, Section B, line 12C

The conflict of interest policy and signature page is provided to the Board for review at the June board meeting.

Form 990, Part VI, Section B, line 15

The salary of the CEO and other key employees are determined and approved by the Board. The recommendations are specifically made by the Board Compensation Committee. Periodically Hyde School South Woodstock has a compensation analysis performed of key employees. Hyde School South Woodstock annually utilizes the surveys from ISANNE (Independent School Association of Northern New England) and NAIS (National Association of Independent Schools). Both surveys provide detailed compensation information of all positions of member schools in addition to key employees. Hyde School South Woodstock utilizes the survey to benchmark all of their departments.

Form 990, Part VI, Section C, line 19

The Organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Hyde School at South Woodstock Inc
EIN
01-0504446
Phone
2074435584
Address
616 High Street, Bath, ME 04530

Signing Officer

Name
Sarah Clifford
Title
Chief Financial Officer
Phone
2074435584
Signed
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Malcolm Gauld
Formed
1996
Legal Domicile
Ct
Voting Board Members
16
Independent Board Members
16
Employees
71
Volunteers
16

Preparer

Firm
Berry Dunn McNeil & Parker LLC
Address
PO Box 1100, Portland, ME 04104-1100
Preparer
Barbara J McGuan CPA
Phone
2077752387
Supplemental Narrative

Additional Explanations

Form 990, Part III, line 3

In November 2016, the Organization entered into a fully executed purchase and sale agreement to sell the Woodstock campus. The campus remained open through the remainder of the school year and the closing of the sale occurred in June 2017. In 2018, operations were consolidated with Hyde School's Bath campus and Hyde School at Woodstock was dissolved during fiscal year 2018.

Form 990, Part XI, line 9:

Transfer to Hyde School, Inc. Upon Dissolution -10,533,701.

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IRS990/Form990PartVIISectionAGrp/TitleTxt16Executive Chairman
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IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt024317
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IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
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IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt021499
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt021499
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IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
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IRS990/IRPDocumentCnt023
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The mission of Hyde Schools is to renew and transform lives through in-depth programs of family-based character education, involving the values of courage, integrity, leadership, curiosity and concern.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/OccupancyGrp/TotalAmt068258
IRS990/OfficeExpensesGrp/ProgramServicesAmt070093
IRS990/OfficeExpensesGrp/TotalAmt070093
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IRS990/Organization501c3Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt0-10533701
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt048346
IRS990/OtherEmployeeBenefitsGrp/TotalAmt048346
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01784
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IRS990/OtherExpensesGrp/TotalAmt1848
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04394
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IRS990/PrincipalOfficerNm0Malcolm Gauld
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IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
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IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
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IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
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IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Hyde School at South Woodstock does not discriminate on the basis of race, color, national origin, religion, sex, marital or parental status, or handicap in the recruitment and administration of its students; in its faculty and staff; or in its athletic or other school administrative programs or activities. This statement is included in the School's catalog provided to all families inquiring about the School and its staff.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount1500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt310000
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2117663
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt12375

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