2024-05-15T15:22:43-05:00 2023-06-30 420714325 RSM US LLP 151 WEST 42ND STREET 19TH FLOOR NEW YORK NY 10036 990 2022-07-01 042104832 THE PIKE SCHOOL INC PIKE 9784751197 34 SUNSET ROCK ROAD ANDOVER MA 01810 WILLIAM POWERS INTERIM HEAD OF SCHOOL 9784751197 2024-05-15 1 WILLIAM POWERS 999009999 0 KRISTIN ANDERSON P01231300 2123721000 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z WILLIAM POWERS 34 SUNSET ROCK ROAD ANDOVER MA 01810 19272233 0 X WWW.PIKESCHOOL.ORG X 1926 MA A PIKE EDUCATION IGNITES A LIFELONG JOURNEY OF DISCOVERY. 20 20 134 30 0 0 2563949 1108799 15381876 16809377 2951749 -786388 84577 119130 20982151 17250918 1476957 1623997 0 0 10759107 11655846 0 0 982796 4758950 5920904 16995014 19200747 3987137 -1949829 30331020 30424044 5482413 5655761 24848607 24768283 X A PIKE EDUCATION LIBERATES HUMAN POTENTIAL AND POSSIBILITY TO TRANSFORM OURSELVES AND OUR WORLD AND IS ROOTED IN OUR MOTTO, NON SIBI SOLUM.WE VALUE:-AUTHENTICITY: WE EMBRACE THE IDENTITIES OF EVERY PERSON.-INTELLECTUAL AMBITION: WE FOSTER CURIOSITY, INQUIRY, ENGAGEMENT, AND INITIATIVE IN LEARNING.-SOCIAL GOOD: WE CARE FOR OURSELVES, FOR ONE ANOTHER, AND FOR OUR COMMUNITY.THE PIKE SCHOOL STRIVES TO BE AN EXEMPLAR FOR TRANSFORMATIONAL EDUCATION AND A CENTER FOR PURPOSEFUL LEARNING, LEADERSHIP, AND IMPACT. 0 0 14128767 1623997 16416987 EDUCATIONAL INSTITUTION WHICH PROVIDES INTELLECTUAL AND PERSONAL GROWTH EMPHASIZING FUNDAMENTAL SKILLS WITHIN A BROAD RANGE OF DISCIPLINES. EACH STUDENT PROGRESSED TO THE NEXT GRADE WITH 71 STUDENTS MOVING UP TO HIGH SCHOOL AND SECONDARY SCHOOLS. 460 STUDENTS ARE ENROLLED IN THE SCHOOL YEAR 2022-2023. SCHOOL YEARS RUNS 180 DAYS.LOWER SCHOOL:VIEWED AS YEARS OF EXPLORATIONS AND BEGINNINGS, THE LOWER SCHOOL IS A STRUCTURED YET RELAXED ENVIRONMENT WHERE CHILDREN ARE AFFORDED THE OPPORTUNITY TO DEVELOP SOCIALLY, EMOTIONALLY, PHYSICALLY, AND INTELLECTUALLY. THROUGH SMALL GROUPS AND INDIVIDUAL ATTENTION, LEARNING IS BOTH INTERACTIVE AND STIMULATING. FOR MUCH OF THE DAY, THE CHILDREN ARE IMMERSED IN THEME BASED LEARNING WHERE TOPICS ARE COVERED ACROSS SUBJECT AREAS. BECAUSE MUCH OF THE CURRICULUM IS INTERDISCIPLINARY, THE CLASSROOM TEACHERS CAREFULLY PLAN THEIR ACTIVITIES WITH THE SPECIALISTS TO ENSURE CONTINUITY. FIELD TRIPS, PERFORMANCES AND WORKSHOPS BY ARTISTS IN RESIDENCE, DANCE AND THEATRE GROUPS AND MUSICIANS ADD FURTHER ENRICHMENT TO THE LOWER SCHOOL PROGRAM.MIDDLE SCHOOL:AT EACH GRADE IN THE MIDDLE SCHOOL, ANCHOR TEACHERS AND SPECIALISTS WORK COLLABORATIVELY TO DESIGN CURRICULUM FOCUSED ON OVERARCHING QUESTIONS THAT TARGET KEY CONCEPTS AND SKILLS. IN ALL GRADES STUDENTS ENGAGE IN LEARNING THAT IS BOTH MEANINGFUL TO THEIR OWN LIVES AND CONNECTED ACROSS SUBJECT AREAS. THROUGH A WIDE RANGE OF TOPICS, STUDENTS BUILD ACADEMIC AND SOCIAL SKILLS THAT REQUIRE CRITICAL THINKING AND COOPERATION.UPPER SCHOOL:THE UPPER SCHOOL OFFERS A RICH AND COMPREHENSIVE PROGRAM THAT PROVIDES STUDENTS WITH THE NECESSARY KNOWLEDGE AND SKILLS TO THRIVE IN LEADING SECONDARY SCHOOLS AND BEYOND. TEACHERS EMPHASIZE CHARACTER GROWTH AND CREATIVITY THROUGH SMALL GROUP ACTIVITIES. THROUGHOUT THE STUDENTS' EXPERIENCE, THEY ARE PROVIDED WITH VALUABLE CHALLENGES IN DECISION MAKING AND COLLABORATION. THE CHIEF ACADEMIC, SOCIAL, AND PERSONAL DEVELOPMENT OF THE STUDENTS IS GUIDED BY A FACULTY ADVISOR WHO WORKS CLOSELY WITH STUDENTS AND THEIR FAMILIES. 1180782 524720 AUXILIARY ACTIVITIES: AFTER SCHOOL SPORTS PROGRAMS FOR SIXTH GRADE THROUGH NINTH GRADE STUDENTS. AFTER SCHOOL FLEX PROGRAM AND SUMMER PROGRAM FOR CHILDREN IN THE LOCAL COMMUNITIES. 15309549 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 34 0 1 134 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X X WILLIAM POWERS 9784751197 34 SUNSET ROCK ROAD ANDOVER MA 018104898 CLAUDIA BACH BOARD MEMBER 2.00 X 0 0 0 SALVATORE BELLIA BOARD MEMBER 2.00 X 0 0 0 ELIZABETH CIERI BOARD MEMBER 2.00 X 0 0 0 ROBERTA CRUMP-BURBANK BOARD MEMBER 2.00 X 0 0 0 PAULINE JEONG BOARD MEMBER 2.00 X 0 0 0 MEGAN KRISTIANSEN BOARD MEMBER 2.00 X 0 0 0 ALEX MATSES BOARD MEMBER 2.00 X 0 0 0 ANNIE MILLER BOARD MEMBER 2.00 X 0 0 0 MATT MURPHY BOARD MEMBER 2.00 X 0 0 0 AHMET OZALP BOARD MEMBER 2.00 X 0 0 0 CHRIS PEABODY BOARD MEMBER 2.00 X 0 0 0 VARSHA RAO BOARD MEMBER 2.00 X 0 0 0 CARRIE SMOTRICH BOARD MEMBER 2.00 X 0 0 0 WILL SONG BOARD MEMBER 2.00 X 0 0 0 MENGMENG WANG BOARD MEMBER 2.00 X 0 0 0 EMMA WU BOARD MEMBER 2.00 X 0 0 0 TASNEEM DAHOD DOHADWALA CHAIR 2.00 X X 0 0 0 HEATHER CLARK VICE CHAIR 2.00 X X 0 0 0 MONIQUE JOHNSON SECRETARY 2.00 X X 0 0 0 MARK NICHOLS TREASURER 2.00 X X 0 0 0 ASHLEY MARSHALL WARNOCK HEAD OF SCHOOL 60.00 X 306004 0 134896 WILLIAM POWERS DIRECTOR OF FINANCE & OPERATIONS 60.00 X 213572 0 14951 ROD BOYER DIRECTOR OF ADVANCEMENT 60.00 X 169612 0 39253 KATHARINE MORAN DIRECTOR OF EXTERNAL AFFAIRS 60.00 X 198282 0 5159 UZMA BOGWANI DIRECTOR OF ACADEMICS 60.00 X 172547 0 12625 MARYBETH HEYD HEAD OF LOWER SCHOOL 60.00 X 149873 0 33191 AARON HOVEL DIRECTOR OF TECHNOLOGY 60.00 X 145053 0 35412 1354943 0 275487 17 0 1 0 M & R JANITOR SERVICES 4 OLIVER PLACE EVERETT MA 02149 JANITORIAL SERVICES 505762 FLIK 2 INTERNATIONAL DR RYE BROOK NY 10573 FOOD SERVICES 385463 CBTCHILDS BERTMAN TSECKARES INC ONE CONSTITUTION ROAD SUITE 200 BOSTON MA 02129 ARCHITECT 239830 OUNCEIT LLC 205 NEWBURY STREET FRAMINGHAM MA 01701 IT CONSULTING 186652 ANDOVER ELECTRIC SERVICES INC 19 DALE STREET ANDOVER MA 01810 ELECTRICAL SERVICES 182822 6 52641 1056158 34189 1108799 STUDENT TUITION & FEES 611710 16284657 16284657 SUMMER & AUXILIARY SERVICES 900099 524720 524720 16809377 343170 343170 45000 58200 -13200 -13200 -13200 833557 1963115 -1129558 -1129558 -1129558 INSURANCE REIMBURSEMENTS 900099 65126 65126 MISCELLANEOUS INCOME 900099 42597 42597 REFUNDS & REBATES 900099 24607 24607 132330 17250918 16941707 0 -799588 1623997 1623997 588953 460378 89155 39420 9129515 7190544 1355472 583499 444649 358796 53808 32045 879655 709812 106448 63395 613074 494702 74189 44183 56515 6157 48059 2299 73990 8060 62920 3010 380392 41440 323478 15474 406902 107246 132533 167123 150376 46901 96944 6531 216957 210697 4695 1565 1759851 1752677 7174 82450 82114 336 865077 861551 3526 PROGRAM EXPENSES 791924 610740 177700 3484 FOOD SERVICES 375663 375663 DUES AND SUBSCRIPTIONS 297813 125887 165184 6742 PROFESSIONAL DEVELOPMEN 97525 75857 18678 2990 365469 166330 199139 19200747 15309549 2908402 982796 34307 250 595670 1273485 325015 326250 524376 428346 175847 119434 30614007 15049846 14837030 15564161 12401800 12712118 1436975 0 30331020 30424044 1333296 1321417 1256678 1598006 1751939 1498768 200000 100000 940500 1137570 5482413 5655761 X 21053897 20693031 3794710 4075252 24848607 24768283 30331020 30424044 -1949829 1869080 425 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12401800 29977 1080341 800000 12712118 15309329 34715 -2260819 681425 12401800 12307341 536708 3207280 742000 15309329 12231463 298421 -222543 12307341 12532678 513470 344452 1159137 12231463 0.70397 0.23631 0.05972 0 0 138886 138886 23456891 10939940 12516951 2967357 2730239 237118 4050873 1379667 2671206 15564161 TUITION DEPOSITS 1137570 1137570 X 17554201 1869080 -1623997 245083 17309118 -58200 -58200 17250918 17634950 58200 58200 17576750 1623997 1623997 19200747 PART V, LINE 4: THE SCHOOL'S ENDOWMENT FUNDS ARE A PERPETUAL SOURCE OF FUNDING. THE ENDOWMENT FUNDS SUPPORT THE SCHOOL'S GENERAL OPERATIONS, INCLUDING THE PROFESSIONAL DEVELOPMENT OF FACULTY AND STAFF AS WELL AS FINANCIAL AID FOR STUDENTS. PART X, LINE 2: THE SCHOOL FOLLOWS THE ASC 740, INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES BY PRESCRIBING THE RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION. MANAGEMENT BELIEVES THAT THE SCHOOL HAS NO MATERIAL UNCERTAINTIES IN INCOME TAXES. WITH FEW EXCEPTIONS, THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2020. THE SCHOOL WILL ACCOUNT FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, AS PART OF TAX EXPENSE. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH TUITION REVENUE ON AUDITED FINANCIAL STATEMENTS -1,623,997. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B -58,200. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B 58,200. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH TUITION REVENUE ON AUDITED FINANCIAL STATEMENTS 1,623,997. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALL PUBLICATIONS REFER TO THE SCHOOL'S NONDISCRIMINATORY POLICY INCLUDING THE VIEWBOOK, THE PARENT'S HANDBOOK AND THE PARENT'S DIRECTORY. ADDITIONALLY, THE POLICY IS POSTED ON THE SCHOOL'S WEBSITE. SCHEDULE E, PART I, LINE 6 IN FISCAL YEAR 2023, FENN SCHOOL RECEIVED INTEREST RELATED TO THE EMPLOYEE RETENTION CREDITS OF $52,641. 1 FINANCIAL AID 85 1623997 PART I, LINE 2: THE ORGANIZATION USES SSS THROUGH NAIS TO HELP DETERMINE THE AWARD ALONG WITH FAMILIES' W-2S AND 1040'S. A COMMITTEE OF FOUR ADMINISTRATORS REVIEWS AND CONFIRMS THE AWARDS. THE AWARD AMOUNT IS MONITORED THROUGH MONTHLY GL RECONCILIATION. X X 1 0 X X X X X 0 1 0 0 0 0 0 0 0 ASHLEY MARSHALL WARNOCK HEAD OF SCHOOL 281004 0 0 0 25000 0 41060 0 93836 0 440900 0 0 0 WILLIAM POWERS DIRECTOR OF FINANCE & OPERATIONS 213572 0 0 0 0 0 13834 0 1117 0 228523 0 0 0 ROD BOYER DIRECTOR OF ADVANCEMENT 169612 0 0 0 0 0 11507 0 27746 0 208865 0 0 0 KATHARINE MORAN DIRECTOR OF EXTERNAL AFFAIRS 198282 0 0 0 0 0 4095 0 1064 0 203441 0 0 0 UZMA BOGWANI DIRECTOR OF ACADEMICS 172547 0 0 0 0 0 11205 0 1420 0 185172 0 0 0 MARYBETH HEYD HEAD OF LOWER SCHOOL 149873 0 0 0 0 0 10145 0 23046 0 183064 0 0 0 AARON HOVEL DIRECTOR OF TECHNOLOGY 145053 0 0 0 0 0 9784 0 25628 0 180465 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL IS PROVIDED HOUSING BY THE SCHOOL. THE ESTIMATED VALUE OF THIS BENEFIT WAS $63,000 DURING THE YEAR WHICH IS INCLUDED IN THE ESTIMATE OF OTHER COMPENSATION REPORTED IN THE FORM 990, PART VII, COLUMN F AND NONTAXABLE BENEFITS REPORTED IN PART II, COLUMN D OF SCHEDULE J. IN ADDITION, THE SCHOOL ALSO PROVIDES A TAXABLE ALLOWANCE OF $5,000 FOR HEALTH CLUB DUES FOR THE HEAD OF SCHOOL. PART I, LINE 4B THE HEAD OF SCHOOL PARTICIPATED IN A DEFERRED COMPENSATION PLAN IN WHICH $25,000 IS ACCRUED PER YEAR FOR THREE YEARS STARTING IN 2021. THE AMOUNT IS IS INCLUDED ON SCHEDULE J, PART II, COLUMN C. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 000000000 2013-11-01 3250000 REFUNDING PRIOR 2009 ISSUE 0 0 0 A 1692708 3250000 3250000 2008 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 0 0 0 0 1 A 1 X 3 29977 X SUPPLIES 2 4212 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS IS BASED ON THE NUMBER OF GIFTS. FORM 990, PART VI, SECTION B, LINE 11B AFTER FILING, A COMPLETE COPY OF THE FORM 990 WAS PROVIDED TO ALL MEMBERS OF THE BOARD OF TRUSTEES SUBSEQUENT TO FILING. FORM 990, PART VI, SECTION B, LINE 12C AT THE BEGINNING OF EACH YEAR THE BOARD MEMBERS ARE ASKED TO FILL OUT CONFLICT OF INTEREST FORMS STATING THAT THEY UNDERSTAND AND WILL COMPLY TO THE POLICY AND DISCLOSING ANY POTENTIAL CONFLICTS. THE SCHOOL ALSO HAS A WHISTLEBLOWER POLICY FOR ANY MEMBER OF THE SCHOOL INCLUDING THE BOARD TO REPORT ANY QUESTIONS OR CONCERNS THAT ARISE. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL'S CONTRACT, INCLUDING SALARY AND BENEFITS, WAS NEGOTIATED USING BENCHMARKING DATA FROM SIMILAR SCHOOLS, AND WAS APPROVED BY THE BOARD. OTHER SENIOR MANAGEMENT RECEIVE COMPENSATION INCREASES AT THE SAME RATE AS THE FACULTY AND STAFF. INCREASES ARE BASED ON BENCHMARKING DATA AND ARE APPROVED BY THE BOARD. ALL DISCUSSIONS AND VOTES ARE DOCUMENTED IN THE MINUTES OF THE MEETINGS. THE PROCESS WAS LAST COMPLETED IN FISCAL YEAR 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). IN ADDITION, THE FORM 990 WITHOUT SCHEDULE B IS AVAILABLE TO THE PUBLIC VIA CANDID (FORMERLY KNOWN AS GUIDESTAR) AND THE MASSACHUSETTS OFFICE OF ATTORNEY GENERAL'S WEBSITE.