Civic Intelligence

The Hyde Foundation

990 • Fiscal year 2019 • EIN 22-3026440

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 15, 2020

616 High StreetBath, ME 04530

(207) 443-5584

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

100th percentile

180.44x

Higher debt load relative to assets than 100% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

64th percentile

0.08x

Higher debt load relative to revenue than 64% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

22nd percentile

-8.6%

Higher net margin than 22% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

96th percentile

$208,014

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 41.4% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

1st percentile

-99%

Faster asset growth than 1% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

81st percentile

34%

Faster revenue growth than 81% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$214

Down $31,875 (-99%) from 2018

Net Assets

Down

-$38,400

Down $43,323 (-880%) from 2018

Liabilities

Up

$38,614

Up $11,448 (+42%) from 2018

Revenue

Up

$502,152

Up $128,306 (+34%) from 2018

Expenses

Down

$545,475

Down $47,489 (-8.0%) from 2018

Net Income

Up

-$43,323

Up $175,795 (+80%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0-$200KAssets 2010: $597,642Liabilities 2010: $328,286Net Assets 2010: $269,3562010Assets 2011: $595,931Liabilities 2011: $263,486Net Assets 2011: $332,4452011Assets 2012: $558,325Liabilities 2012: $243,256Net Assets 2012: $315,0692012Assets 2013: $411,388Liabilities 2013: $255,960Net Assets 2013: $155,4282013Assets 2014: $418,533Liabilities 2014: $249,304Net Assets 2014: $169,2292014Assets 2015: $670,711Liabilities 2015: $247,212Net Assets 2015: $423,4992015Assets 2016: $548,975Liabilities 2016: $366,500Net Assets 2016: $182,4752016Assets 2017: $242,528Liabilities 2017: $18,487Net Assets 2017: $224,0412017Assets 2018: $32,089Liabilities 2018: $27,166Net Assets 2018: $4,9232018Assets 2019: $214Liabilities 2019: $38,614Net Assets 2019: -$38,4002019Assets 2020: $205,622Liabilities 2020: $149,995Net Assets 2020: $55,6272020Assets 2021: $190,627Liabilities 2021: $0Net Assets 2021: $190,6272021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2019

Assets$214
Liabilities$38,614
Net Assets-$38,400

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $590,9392010Revenue 2011: $475,590Expenses 2011: $412,501Net Income 2011: $63,0892011Expenses 2012: $365,0682012Expenses 2013: $651,4232013Revenue 2014: $516,704Expenses 2014: $502,903Net Income 2014: $13,8012014Revenue 2015: $745,120Expenses 2015: $490,850Net Income 2015: $254,2702015Revenue 2016: $394,208Expenses 2016: $635,232Net Income 2016: -$241,0242016Revenue 2017: $589,964Expenses 2017: $548,398Net Income 2017: $41,5662017Revenue 2018: $373,846Expenses 2018: $592,964Net Income 2018: -$219,1182018Revenue 2019: $502,152Expenses 2019: $545,475Net Income 2019: -$43,3232019Revenue 2020: $210,600Expenses 2020: $116,573Net Income 2020: $94,0272020Revenue 2021: $135,000Expenses 2021: $0Net Income 2021: $135,0002021Revenue 2022: $135,000Expenses 2022: $0Net Income 2022: $135,0002022

Highlighted filing

2019

Revenue$502,152
Expenses$545,475
Net Income-$43,323
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 15, 2020
Return Version
2018v3.2
Gross Receipts
$502,152
Mission and Program Overview

Mission

The mission of the Hyde Foundation is to establish a better way to prepare American youth for life by introducing and then developing the Hyde character development program in schools, families, and communities nation-wide.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$5,000--
Accounts Receivable$7,582$2,536▼ $5,046
Cash and Non-Interest-Bearing Accounts$19,507$-2,322▼ $21,829
Total Assets$32,089$214▼ $31,875
Liabilities
Other Liabilities$7,623$38,613▲ $30,990
Accounts Payable and Accrued Expenses$19,543$1▼ $19,542
Total Liabilities$27,166$38,614▲ $11,448
Net Assets / Fund Balance
Temporarily Rstr Net Assets$70,491$65,491▼ $5,000
Unrestricted Net Assets$-65,568$-103,891▼ $38,323
Total Net Assets Fund Balance$4,923$-38,400▼ $43,323
Total Liabilities and Net Assets / Fund Balance$32,089$214▼ $31,875
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joanne GoubournFoundation DirectorFT$145,000$37,043$182,043
Joseph GauldFounderPT-$72,097$72,097

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$52,001
Program Service Revenue
$450,151
Investment Income
$0
Other Revenue
$0
All Other Contributions
$52,001
Change in Net Assets
$-43,323
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$378,040
Other Expenses$167,435
Total Fundraising Expense$5,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$182,043--$182,043
Other Salaries and Wages$151,602--$151,602
Fees for Services Other$81,862--$81,862
Travel$37,734--$37,734
Occupancy$26,018--$26,018
Payroll Taxes$21,268--$21,268
Other Employee Benefits$15,577--$15,577
Pension Plan Contributions$7,550--$7,550
Office Expenses$7,429--$7,429
Fees for Services Legal-$7,391-$7,391
Advertising-$1,005-$1,005
Conferences and Meetings$898--$898
Other Expenses$98-$5,000$98
Total Functional Expenses$532,079$8,396$5,000$545,475
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$38,613
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

Joseph Gauld (Director) and Malcolm Gauld (Officer) have a family relationship.

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

The Form 990 is reviewed by the CFO and the Executive Director 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 annually.

Form 990, Part VI, Section B, line 15

The salary of the Executive Director and other key employees are determined and approved by the board. Periodically, Hyde has a compensation analysis performed of key employees. Hyde 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 utilizes the surveys to benchmark all 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
The Hyde Foundation
EIN
22-3026440
Phone
2074435584
Address
616 High Street, Bath, ME 04530

Signing Officer

Name
Sarah Clifford
Title
Chief Financial Officer
Phone
2074435584
Signed
2020-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joanne Goubourn
Formed
1994
Legal Domicile
Me
Voting Board Members
6
Independent Board Members
5
Employees
4
Volunteers
5

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 IX, line 11G

Professional Consulting Services: Program service expenses 81,862. Management and general expenses 0. Fundraising expenses 0. Total expenses 81,862.

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IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0145000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1178465
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt07250
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt19050
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt022113
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt120499
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt07680
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Joanne Goubourn
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Malcolm Gauld
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Foundation Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0182043
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1208014
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Joseph Gauld (Director) and Malcolm Gauld (Officer) have a family relationship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is reviewed by the CFO and the Executive Director and a copy of the Form 990 is provided to the governing body for review before it is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The conflict of interest policy and signature page is provided to the board for review annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The salary of the Executive Director and other key employees are determined and approved by the board. Periodically, Hyde has a compensation analysis performed of key employees. Hyde 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 utilizes the surveys to benchmark all departments.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Professional Consulting Services: Program service expenses 81,862. Management and general expenses 0. Fundraising expenses 0. Total expenses 81,862.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, line 11g
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Hyde School
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0016021559
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0ME
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Education for grades 9 through 12
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0616 High Street
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Bath
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0ME
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd004530
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt070491
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt065491
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt032089
IRS990/TotalAssetsEOYAmt0214
IRS990/TotalAssetsGrp/BOYAmt032089
IRS990/TotalAssetsGrp/EOYAmt0214
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt052001
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt05000
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt08396
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0532079
IRS990/TotalFunctionalExpensesGrp/TotalAmt0545475
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt027166
IRS990/TotalLiabilitiesEOYAmt038614
IRS990/TotalLiabilitiesGrp/BOYAmt027166
IRS990/TotalLiabilitiesGrp/EOYAmt038614
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04923
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-38400
IRS990/TotalOtherCompensationAmt077504
IRS990/TotalProgramServiceExpensesAmt0532079
IRS990/TotalProgramServiceRevenueAmt0450151
IRS990/TotalReportableCompFromOrgAmt0152680
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0450151
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0502152
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt032089

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.35$0.00$1.35
2021Detailed filing. Detailed filing data is available for this year.$1.91$0.00$1.91$1.35$0.00$1.35
2020Detailed filing. Detailed filing data is available for this year.$2.06$1.50$0.56$2.11$1.17$0.94
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.39$0.38$5.02$5.45$0.43
2018Detailed filing. Detailed filing data is available for this year.$0.32$0.27$0.05$3.74$5.93$2.19
2017Detailed filing. Detailed filing data is available for this year.$2.43$0.18$2.24$5.90$5.48$0.42
2016Detailed filing. Detailed filing data is available for this year.$5.49$3.67$1.82$3.94$6.35$2.41
2015Detailed filing. Detailed filing data is available for this year.$6.71$2.47$4.23$7.45$4.91$2.54
2014Detailed filing. Detailed filing data is available for this year.$4.19$2.49$1.69$5.17$5.03$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.11$2.56$1.55$6.51
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.58$2.43$3.15$3.65
2011Summary only. Only limited summary data is available for this year.$5.96$2.63$3.32$4.76$4.13$0.63
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.98$3.28$2.69$5.91