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Will Whittle be around next year?
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Anonymous
You are mistaken. Have you looked up the 990’s for all of the DMV private schools? Very few are making 6 figures! |
Anonymous
My bet is both. |
Anonymous
990s don’t list teacher salaries. And no I’m not mistaken, the best US STEM faculty at Sidwell/GDS/Etc are making six figures. But that’s not very many. |
Anonymous
After how many years? No one is making that unless they are long-time faculty. |
Anonymous
They absolutely list teacher salaries if they are within the top 10 paid employees. You can look at employee #10 to see if it’s a teacher or not. Usually not. |
Anonymous
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And just a quick peek at 990’s on Guide Star reveals some data. Ironically, Sidwell only had 990’s available up to 2004!
These were the “lowest paid of the highest paid” employees reported on the 990’s. The highest paid positions are 12 month positions like admin (which were in their top paid employee list) and Development director, Admission Director, Head of IT, CFO, Director or Curriculum/Pd (which most of these schools pay less than what you see here). So you can bet a school is NOT paying a 10 month teacher more than a 12 month employee. GDS 2020 principal $160k Maret 2019 Director of Ms $150k Lang Dept Chair $151 Bullis 2019 Controller $147k MS Principal $154k Landon 2019 Head of MS $132k Director of IT $136k Holton 2020 Director of Athletics $146k Director of MS $156k |
Anonymous
Maret's most recent 990 shows $17 million in salaries, compensation, and benefits for 174 employees, which comes to about $98k per employee. If Whittle's annual payroll is $13 million for 44 employees, that comes to more than $295k per employee. |
Anonymous
Where is everyone getting this 44 number from? In their public directory, there are 60 employees listed. Maybe 44 faculty... |
Anonymous
That’s a good comparison. Maret will have a number of athletic coaches though that are not paid very highly. |
Anonymous
| Werevnon-teacher salaries paid in December? I hope not! |
Anonymous
Okay, $13 million for 60 employees comes to about $217k per employee. Still a significant difference. |
Anonymous
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From Whittle’s 12/22 email to families (posted a few pages back):
“Even though we have in our 2-3 week grasp (confirmed yesterday), a multi-hundred million, long term capital solution with three new key shareholders/stakeholders…The amount [needed in order to receive those funds] is roughly $2mm …. If that [approach to getting the $2M] does not work by Tuesday of next week, then we must shift our strategy from continuation of our school as we know it to (a) working immediately on ways that our families have educational opportunities (including perhaps with their same classmates and teachers in partnership with other schools) for this January, (b) asking the same sources above not to invest but to simply contribute so that our teachers can be paid during the holiday season, meaning next week, and (c) using our resources and contacts to help teachers and staff find continuing employment.” I guess one could assume, since they didn't start making alternative plans, that he somehow got the $2M? If the dates above still hold true, the "2-3 week grasp" window would begin tomorrow. It'll be an interesting/nerve-wracking couple of weeks at Whittle. |
Anonymous
Sure will. Because what "new stakeholders" would offer a "long-term capital solution" to somebody who's lost 90 percent of his original staff in under three years, has never been able to attract more than a handful of people willing and able to pay the tuition price his business plan set out as critical to making the for-profit structure work, has apparently lost as many students annually as he's gained although the business plan established a goal of doubling the number of students every year, has apparently lost the one "global" partner that could make this the "global school" it's supposed to be, is currently being sued for nonpayment of north of $30 million in invoices, and has his record of running business after business into the ground and sometimes being ridden out of town on a rail, without a single actual success -- business or educational -- to his name? From Class Clowns on his departure from his previous "world" school, Avenues: "The transaction was a kind hostile takeover that followed the collapse of frantic efforts by Whittle to find alternative financing that would leave him in control of Avenues." And on the fate of the investors in another of his previous enterprises, Whittle Communications: "Philips lost its entire $175 million and Time Inc. lost well over half of its $185 million. Whittle Communications would forever be known at Time Warner as 'Time Inc's Vietnam.'" I guess the new stakeholders can't read? |
Anonymous
This begs the question: can a " community member" with access to privileged information be held to the same standard of fraudulent inducement ( withholding information material to the transaction) as an administrator,-- if they are deemed a "representative"?......it's important because there has always been a "pay to play" atmosphere around the community--those with money getting sneak previews of what's going on...and those are likely the ones twisting arms for cash now... I sure wouldn't want to find out that my "donation to payroll" was actually used to clear a bunch of bad debt some vulture lender required.... |
Anonymous
Don’t donate to a for-profit company —and particularly not this one. It won’t forestall the failing of the business. If you are worried about the teachers getting paid, just give them money directly and avoid the black hole. |