2025-05-15T16:21:50-05:00 2024-06-30 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 02129 990 2023-07-01 042104832 THE PIKE SCHOOL INC PIKE 9784751197 34 SUNSET ROCK ROAD ANDOVER MA 01810 WILLIAM POWERS INTERIM HEAD OF SCHOOL 9784751197 2025-05-15 1 0 KAREN LO P01434915 6179129000 2025-05-15 2023 2025-03-06 01:10:19Z WILLIAM POWERS 34 SUNSET ROCK ROAD ANDOVER MA 01810 20772989 0 X WWW.PIKESCHOOL.ORG X 1926 MA A PIKE EDUCATION IGNITES A LIFELONG JOURNEY OF DISCOVERY. 19 19 125 30 0 0 1108799 1050725 16809377 17197537 -786388 360677 119130 233905 17250918 18842844 1623997 1603721 0 0 11655846 12346376 0 0 732570 5920904 5628533 19200747 19578630 -1949829 -735786 30424044 30802653 5655761 5446515 24768283 25356138 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 14223168 1603721 16658359 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. 437 STUDENTS ARE ENROLLED IN THE SCHOOL YEAR 2023-2024. 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. LOWER SCHOOL IS GRADES PRE-K THROUGH 4.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. UPPER SCHOOL IS GRADES 5-9. 1124138 539178 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. 15347306 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 0 0 0 0 0 0 0 0 0 1 38 0 1 125 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 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 01810 AHMET OZALP BOARD MEMBER 2.00 X 0 0 0 ANNIE MILLER BOARD MEMBER 2.00 X 0 0 0 CARRIE SMOTRICH BOARD MEMBER 2.00 X 0 0 0 CHRIS PEABODY BOARD MEMBER 2.00 X 0 0 0 CLAUDIA BACH BOARD MEMBER 2.00 X 0 0 0 ELIZABETH CIERI BOARD MEMBER 2.00 X 0 0 0 EMMA WU BOARD MEMBER 2.00 X 0 0 0 JOHN KOLE BOARD MEMBER 2.00 X 0 0 0 JOHN YANG BOARD MEMBER 2.00 X 0 0 0 MATT MURPHY BOARD MEMBER 2.00 X 0 0 0 MEGAN KRISTIANSEN BOARD MEMBER 2.00 X 0 0 0 MENGMENG WANG BOARD MEMBER 2.00 X 0 0 0 ROBERTA CRUMP-BURBANK BOARD MEMBER 2.00 X 0 0 0 SALVATORE BELLIA BOARD MEMBER(THRU 12/31/23) 2.00 X 0 0 0 VARSHA RAO BOARD MEMBER 2.00 X 0 0 0 WILL SONG 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 (THRU 03/26/24) 60.00 X 398732 0 127738 WILLIAM POWERS DIR OF FINOPS (THRU 3/27/24) INT HOS(AS OF 3/28/24) 60.00 X 228623 0 13153 KATHARINE MORAN DIRECTOR OF EXTERNAL AFFAIRS 60.00 X 105000 0 8190 UZMA BOGWANI DIRECTOR OF ACADEMICS 60.00 X 179925 0 12098 MARYBETH HEYD HEAD OF LOWER SCHOOL 60.00 X 167227 0 15568 AARON HOVEL DIRECTOR OF TECHNOLOGY 60.00 X 151052 0 36642 GINA MORAN EMPLOYEE 60.00 X 111538 0 40314 1342097 0 253703 25 0 1 0 CALLAHAN AC & HEATING SERVICES 91 BELMONT STREET NORTH ANDOVER MA 01845 CONTRACTOR SERVICE 664438 M & R JANITOR SERVICES 4 OLIVER PLACE EVERETT MA 02149 JANITORIAL SERVICES 533195 FLIK 2 INTERNATIONAL DR RYE BROOK NY 10573 FOOD SERVICES 419383 INTEGRATED DRYWALL PO BOX 59 HILL NH 03243 CONTRACTOR SERVICE 205433 ANDOVER ELECTRIC SERVICES INC 19 DALE STREET ANDOVER MA 01810 ELECTRICAL SERVICE 193669 5 1050725 20483 1050725 STUDENT TUITION & FEES 611110 16658359 16658359 SUMMER & AUXILIARY SERVICES 611710 539178 539178 17197537 329089 329089 60194 76500 -16306 -16306 -16306 1885233 1853645 31588 31588 31588 INSURANCE REIMBURSEMENTS 900099 225488 225488 FOOD SERVICE AGREEMENT 900099 24723 24723 250211 18842844 17197537 0 594582 1603721 1603721 690355 690355 9537011 7858479 1248450 430082 475399 376776 75064 23559 870476 689893 137446 43137 773135 612746 122076 38313 119751 119751 74135 74135 332858 19552 313306 323846 56675 108336 158835 150488 68216 77777 4495 112105 107791 3698 616 1514163 1476882 31955 5326 82442 82166 276 899160 878086 18063 3011 PROGRAM EXPENSES 869855 806720 49419 13716 FOOD SERVICES 398075 372299 25776 DUES & SUBSCRIPTIONS 301861 128984 164578 8299 PROFESSIONAL DEVELOPMEN 150455 124307 23408 2740 299339 84013 215161 165 19578630 15347306 3498754 732570 250 250 1273485 444586 326250 306483 428346 558258 119434 132529 32748327 15949007 15564161 16799320 12712118 12561227 30424044 30802653 1321417 1621374 1598006 1390003 1498768 1177888 100000 0 1137570 1257250 5655761 5446515 X 20693031 20817593 4075252 4538545 24768283 25356138 30424044 30802653 -735786 1323641 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12712118 20481 1678628 1850000 12561227 12401800 29977 1080341 800000 12712118 15309329 34715 -2260819 681425 12401800 12307341 536708 3207280 742000 15309329 12231463 298421 -222543 12307341 0.70397 0.23631 0.05972 0 0 138886 138886 27422173 11611212 15810961 3211763 2853254 358509 1975505 1484541 490964 16799320 TUITION DEPOSITS 1257250 1257250 X 18639264 1323641 -1603721 -280080 18919344 -76500 -76500 18842844 18051409 76500 76500 17974909 1603721 1603721 19578630 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 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 THREE YEARS FROM THE FILING DATE OF TAX RETURNS. 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 -1,603,721. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B -76,500. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B 76,500. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH TUITION REVENUE ON AUDITED FINANCIAL STATEMENTS 1,603,721. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 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. 1 FINANCIAL AID 80 1603721 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 (THRU 03/26/24) 398732 0 0 0 0 0 34231 0 93507 0 526470 0 0 0 WILLIAM POWERS DIR OF FINOPS (THRU 3/27/24) INT HOS(AS OF 3/28/24 228623 0 0 0 0 0 13153 0 0 0 241776 0 0 0 UZMA BOGWANI DIRECTOR OF ACADEMICS 179925 0 0 0 0 0 11666 0 432 0 192023 0 0 0 AARON HOVEL DIRECTOR OF TECHNOLOGY 151052 0 0 0 0 0 10187 0 26455 0 187694 0 0 0 MARYBETH HEYD HEAD OF LOWER SCHOOL 167227 0 0 0 0 0 11105 0 4463 0 182795 0 0 0 GINA MORAN EMPLOYEE 111538 0 0 0 0 0 7410 0 32904 0 151852 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 2031250 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 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. 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 2024. 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 AND THE MASSACHUSETTS OFFICE OF ATTORNEY GENERAL'S WEBSITE.