Public vs Private School funding

[nut]

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Scum

 

[Sttew]

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Private schools are still not for profit

 

[TheDoor]

Private schools are still not for profit

The definition of not for profit from the ATO:

"Not-for-profit (NFP) organisations are organisations that provide services to the community and do not operate to make a profit for its members (or shareholders, if applicable). A few examples are childcare centres, art centres, neighbourhood associations, medical centres and sports clubs.

All profits must go back into the services the organisation provides and must not be distributed to members, even if the organisation winds up."

Doesn't mean you can't:

• hoard cash
• own $millions in property
• pay big bucks to employees, particularly ones that run the organisation

For example: I picked a private school from Melbourne (not a really exclusive one), looked up their Annual information statement (2023 was the latest) in the financials and documents section on the charity register (have a look in there, pick a school, somehow they are all registered charities), and had a look at their key management employees and total pay.

Make of this what you will:
Number of remunerated key management personnel:10
Total amount paid to key management personnel: $3,868,007

Edit: Had a look at 2022 statement
Number of remunerated key management personnel: 10
Total amount paid to key management personnel: $3,525,097

Nice pay rise...9.7%

 

[peetoo]

The definition of not for profit from the ATO:

"Not-for-profit (NFP) organisations are organisations that provide services to the community and do not operate to make a profit for its members (or shareholders, if applicable). A few examples are childcare centres, art centres, neighbourhood associations, medical centres and sports clubs.

All profits must go back into the services the organisation provides and must not be distributed to members, even if the organisation winds up."

Doesn't mean you can't:

• hoard cash
• own $millions in property
• pay big bucks to employees, particularly ones that run the organisation

For example: I picked a private school from Melbourne (not a really exclusive one), looked up their Annual information statement (2023 was the latest) in the financials and documents section on the charity register (have a look in there, pick a school, somehow they are all registered charities), and had a look at their key management employees and total pay.

Make of this what you will:
Number of remunerated key management personnel:10
Total amount paid to key management personnel: $3,868,007

Edit: Had a look at 2022 statement
Number of remunerated key management personnel: 10
Total amount paid to key management personnel: $3,525,097

Nice pay rise...9.7%

Not a bad wage for crying poor all the time

 

[Reg Grundy35]

Not a bad wage for crying poor all the time

its the worst type of rort possible. They are taking needed money away from poor kids and splashing it on luxuries for their own and paying obscene salaries for the pigs that run the places. They are abominations.then they have the ****ing gall to try to justify it

 

[Sttew]

The definition of not for profit from the ATO:

"Not-for-profit (NFP) organisations are organisations that provide services to the community and do not operate to make a profit for its members (or shareholders, if applicable). A few examples are childcare centres, art centres, neighbourhood associations, medical centres and sports clubs.

All profits must go back into the services the organisation provides and must not be distributed to members, even if the organisation winds up."

Doesn't mean you can't:

• hoard cash
• own $millions in property
• pay big bucks to employees, particularly ones that run the organisation

For example: I picked a private school from Melbourne (not a really exclusive one), looked up their Annual information statement (2023 was the latest) in the financials and documents section on the charity register (have a look in there, pick a school, somehow they are all registered charities), and had a look at their key management employees and total pay.

Make of this what you will:
Number of remunerated key management personnel:10
Total amount paid to key management personnel: $3,868,007

Edit: Had a look at 2022 statement
Number of remunerated key management personnel: 10
Total amount paid to key management personnel: $3,525,097

Nice pay rise...9.7%

Victoria’s public service executives get paid more than what you quoted and they are unaccountable, don’t make any decisions (that’s done by consultants), and have no qualms over spending, missing budgets and wasting taxpayer money.

So what’s my point? It’s common for executives to be highly paid except that in private schools the execs are accountable to the Board

 

[Sttew]

its the worst type of rort possible. They are taking needed money away from poor kids and splashing it on luxuries for their own and paying obscene salaries for the pigs that run the places. They are abominations.then they have the ****ing gall to try to justify it

You are so prejudiced and biased you need to divide everything you say by 75%. You obviously had a torrid time when you attended private school?

 

[Reg Grundy35]

Victoria’s public service executives get paid more than what you quoted and they are unaccountable, don’t make any decisions (that’s done by consultants), and have no qualms over spending, missing budgets and wasting taxpayer money.

So what’s my point? It’s common for executives to be highly paid except that in private schools the execs are accountable to the Board

your suggestion that highly paid public servants dont make decision but consutants do shows thats youre either extremely ignorant or just making shit up and believe what you hear from other dimwits.

 

[Reg Grundy35]

You are so prejudiced and biased you need to divide everything you say by 75%. You obviously had a torrid time when you attended private school?

nah managed to avoid the bullys but learned pretty much FA of value

 

[Ghost Patrol]

Victoria’s public service executives get paid more than what you quoted and they are unaccountable, don’t make any decisions (that’s done by consultants), and have no qualms over spending, missing budgets and wasting taxpayer money.

So what’s my point? It’s common for executives to be highly paid except that in private schools the execs are accountable to the Board

Those executives probably went to private schools.

It's a vicious cycle Sttew. Help us break it.

 

[Sttew]

your suggestion that highly paid public servants dont make decision but consutants do shows thats youre either extremely ignorant or just making shit up and believe what you hear from other dimwits.

SRL was conceived by consultants with public servants completely shut out. But this is off topic!

Top bureaucrat, public servants, kept out of loop in massive Melbourne rail project - Government News

The public sector, including the top transport bureaucrat, was marginalised as consultants steered the early development of Melbourne’s SRL.

www.governmentnews.com.au

 

[Reg Grundy35]

SRL was conceived by consultants with public servants completely shut out. But this is off topic!

Top bureaucrat, public servants, kept out of loop in massive Melbourne rail project - Government News

The public sector, including the top transport bureaucrat, was marginalised as consultants steered the early development of Melbourne’s SRL.

www.governmentnews.com.au

putting up a concept is not making a decision. what do they teach you at your alma mater?

 

[peetoo]

While it’s fashionable to pot ordinary people earning six figures, its base level if you wanna buy an ordinary house via home loan