2020-07-14T20:37:58-05:00 2019-06-30 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 021293742 990 2018-07-01 042104832 THE PIKE SCHOOL INC PIKE 9784751197 34 SUNSET ROCK ROAD ANDOVER MA 018104898 WILLIAM POWERS DIR. OF FINANCE & OPERATIONS 9784751197 2020-07-14 1 LYNNE JOHNSON P00757336 6179129000 73.226.132.236 2020-07-14 12:35:02 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 AECF77219117B6B1EC9B6AE33341583F740A001D 2018 2021-01-29 14:40:06Z JOHN WATERS 34 SUNSET ROCK ROAD ANDOVER MA 018104898 16250629 0 X WWW.PIKESCHOOL.ORG X 1926 MA THE PIKE SCHOOL IS A PK-9 PRIVATE SCHOOL OF APPROXIMATELY 448 STUDENTS. THE PIKE SCHOOL SEEKS TO DEVELOP WITHIN ITS COMMUNITY A LIFE LONG LOVE OF LEARNING, RESPECT FOR OTHERS, JOY OF PHYSICAL ACTIVITY, AND A CREATIVE SPIRIT. 22 22 128 25 0 0 2601510 1122112 13202651 13856286 592893 560077 -49695 -21384 16347359 15517091 1825715 2015417 0 0 9752613 9554663 0 0 641601 3690339 4090086 15268667 15660166 1078692 -143075 29942546 29275052 6982127 6663409 22960419 22611643 X THE PIKE SCHOOL SEEKS TO DEVELOP WITHIN ITS COMMUNITY A LIFE LONG LOVE OF LEARNING, RESPECT FOR OTHERS, JOY OF PHYSICAL ACTIVITY, AND A CREATIVE SPIRIT. A PIKE EDUCATION IS A JOURNEY THAT PREPARES STUDENTS TO BE INDEPENDENT LEARNERS AND RESPONSIBLE CITIZENS. 0 0 11853202 2015417 13420489 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 68 STUDENTS MOVING UP TO HIGH SCHOOL AND SECONDARY SCHOOLS. 448 STUDENTS ARE ENROLLED IN THE SCHOOL YEAR 2018-2019. 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. 833299 452533 AUXILIARY ACTIVITIES: AFTER SCHOOL SPORTS PROGRAMS FOR SIXTH GRADETHROUGH NINTH GRADE STUDENTS. AFTER SCHOOL FLEX PROGRAM AND SUMMER PROGRAM FOR CHILDREN IN THE LOCAL COMMUNITIES. 12686501 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 49 0 1 128 1 0 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X WILLIAM POWERS 9784751197 34 SUNSET ROCK ROAD ANDOVER MA 018104898 CLAUDIA BACH SECRETARY 2.00 X X 0 0 0 TASNEEM DOHADWALA VICE CHAIRPERSON 2.00 X X 0 0 0 LAURIE HYLTON TREASURER 2.00 X X 0 0 0 MEERIE JOUNG CHAIRPERSON 2.00 X X 0 0 0 ALEX MATSES AT-LARGE 2.00 X X 0 0 0 WILL ABISALIH BOARD MEMBER 2.00 X 0 0 0 STEVE ANDREWS BOARD MEMBER 2.00 X 0 0 0 EDMUND AZIABOR BOARD MEMBER 2.00 X 0 0 0 DAVID BROOKS BOARD MEMBER 2.00 X 0 0 0 ANALISE BROWN BOARD MEMBER 2.00 X 0 0 0 HENRY CALDERON BOARD MEMBER 2.00 X 0 0 0 ELIZABETH CIERI BOARD MEMBER 2.00 X 0 0 0 HEATHER CLARK BOARD MEMBER 2.00 X 0 0 0 BOBBIE CRUMP-BURBANK BOARD MEMBER 2.00 X 0 0 0 KEN FRANCOMANO BOARD MEMBER 2.00 X 0 0 0 EMMA HEDERSON BOARD MEMBER 2.00 X 0 0 0 MONIQUE JOHNSON BOARD MEMBER 2.00 X 0 0 0 MARK NICHOLS BOARD MEMBER 2.00 X 0 0 0 LEN PIERCE 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 JEANNIE SULLIVAN BOARD MEMBER 2.00 X 0 0 0 JOHN WATERS HEAD OF SCHOOL 60.00 X 352176 0 37611 WILLIAM POWERS DIRECTOR OF FINANCE & OPERATIONS 60.00 X 187018 0 12787 ROD BOYER DIRECTOR OF ADVANCEMENT 60.00 X 147684 0 27689 MICHAEL EATMAN COMMUNITY LIFE DIRECTOR 60.00 X 130618 0 26580 AARON HOVEL DIRECTOR OF TECHNOLOGY 60.00 X 118944 0 25821 KATHERINE MORAN DIRECTOR OF EXTERNAL AFFAIRS 60.00 X 133252 0 9292 MARYBETH HYDE DIRECTOR OF LOWER SCHOOL 60.00 X 132272 0 9229 1201964 0 149009 8 0 1 0 L D RUSSO 198 AYER STREET HARVARD MA 01451 GENERAL CONTRACTOR 694386 FLIK 2 INTERNATIONAL DR RYE BROOK NY 10573 FOOD SERVICES 233506 COMPASS FACILITY SERVICES 65 JACKMAN STREET GEORGETOWN MA 01833 CLEANING SERVICES 172758 EPLUS TECHNOLOGY INC 13595 DULLES TECHNOLOGY DRIVE HERNDON VA 201713413 TECHNOLOGY 108849 CBTCHILDS BERTMAN TSECKARES INC 110 CANAL STREET BOSTON MA 02114 ARCHITECT 107605 8 1122112 140186 1122112 STUDENT TUITION 611710 13403753 13403753 AUXILIARY SERVICES 900099 452533 452533 13856286 476278 476278 127719 165840 -38121 -38121 -38121 651497 567698 83799 83799 83799 MISCELLANEOUS INCOME 900099 16737 16737 16737 15517091 13873023 0 521956 2015417 2015417 539194 274697 246888 17609 7258802 5826493 1046081 386228 452553 318868 109180 24505 777237 719406 5714 52117 526877 374977 129711 22189 45988 45988 53125 53125 235090 2350 188384 44356 249073 30146 157333 61594 122082 28169 75843 18070 179537 170000 8549 988 908735 887437 19095 2203 125834 122885 2644 305 862149 841942 18116 2091 PROGRAM EXPENSES 552822 522077 27387 3358 FOOD SERVICES 375259 351891 23368 PROFESSIONAL DEVELOPMEN 130289 98207 28179 3903 DUES AND SUSCRIPTIONS 102850 40013 60974 1863 147253 61526 85505 222 15660166 12686501 2332064 641601 31966 41307 2180604 1254291 1811222 1669912 233346 304580 164525 135880 26363531 11842931 14274086 14520600 11246797 11348482 29942546 29275052 2413500 2562847 1422104 1200410 2764623 2511452 381900 388700 6982127 6663409 X 17636723 17507708 2319696 2099935 3004000 3004000 22960419 22611643 29942546 29275052 -143075 -205701 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12532678 513470 344452 1159137 12231463 10819697 1365657 727324 380000 12532678 9611280 484072 1089101 364756 10819697 9732223 309351 -62206 368088 9611280 10015874 127500 -63169 347982 9732223 0.71920 0.24560 0.03520 0 0 138886 138886 22295713 8697104 13598609 2644074 2026870 617204 1284858 1118957 165901 14520600 TUITION DEPOSITS 388700 388700 X 13461813 -205701 -2015417 -2221118 15682931 -165840 -165840 15517091 13810589 165840 165840 13644749 2015417 2015417 15660166 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 2016. 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 -1,531,202. TUITION REIMBURSEMENT -484,215. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B -165,840. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B 165,840. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,531,202. TUITION REIMBURSEMENT 484,215. 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. 1 FINANCIAL AID 78 1531202 TUITION REMISSION 20 484215 PART I, LINE 2: THE ORGANIZATION USES SSS THROUGH NAIS TO HELP DETERMINE THE AWARD ALONG WITH FAMILIES W-2'S AND 1040'S. A COMMITTEE OF FOUR ADMINISTRATORS REVIEW AND CONFIRM AWARDS. THE AWARD AMOUNT IS MONITORED THROUGH MONTHLY GL RECONCILIATION. X X X X X 0 1 0 0 0 0 0 0 0 JOHN WATERS HEAD OF SCHOOL 352176 0 0 0 0 0 22891 0 14720 0 389787 0 0 0 WILLIAM POWERS DIRECTOR OF FINANCE & OPERATIONS 187018 0 0 0 0 0 12156 0 631 0 199805 0 0 0 ROD BOYER DIRECTOR OF ADVANCEMENT 147684 0 0 0 0 0 9599 0 18090 0 175373 0 0 0 MICHAEL EATMAN COMMUNITY LIFE DIRECTOR 130618 0 0 0 0 0 8490 0 18090 0 157198 0 0 0 PART I, LINE 4B THE SCHOOL ENTERED INTO A DEFERRED COMPENSATION AGREEMENT WITH THE SCHOOL'S HEAD OF SCHOOL TO BE ACCRUED IN FIVE EQUAL YEARLY INSTALLMENTS OF $20,000 STARTING IN 2005 (AMENDED TO $50,000 ANNUALLY IN 2008). IN 2011, 2017 AND SUBSEQUENTLY IN 2018, THE SCHOOL EXTENDED ITS AGREEMENT WITH THE HEAD OF SCHOOL THROUGH JUNE 30, 2020, CONTINUING WITH $50,000 ANNUAL INSTALLMENTS. INTEREST IS CREDITED AT THE 5 YEAR TREASURY RATE AT EACH INSTALLMENT PERIOD. THE 2017 AND 2018 EXTENSIONS PROVIDED FOR THE ADDITIONAL ACCRUAL OF FOUR EQUAL YEARLY INSTALLMENTS OF $93,647. TOTAL DEFERRED COMPENSATION DUE TO THE HEAD OF SCHOOL AS OF JUNE 30, 2019 WAS $1,154,706. $50,000 HAS BEEN ACCRUED DURING FY18 AND IT IS REPORTED IN PART II, COLUMN C FOR THE HEAD OF SCHOOL. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2013-11-01 3250000 REFUNDING PRIOR 2009 ISSUE 0 0 0 A 270828 3250000 3250000 2008 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 0 0 0 0 0 1 A 1 X 12 140186 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS IS BASED ON THE NUMBER OF GIFTS RECEIVED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY MANAGEMENT AND OUR EXTERNAL AUDITORS AFTER COMPLETION OF THE ANNUAL AUDIT. A DRAFT COPY OF THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE AND THE TREASURER OF THE BOARD. A SUBSEQUENT DRAFT INCORPORATING THEIR COMMENTS IS PREPARED AND DISTRIBUTED TO THE FULL BOARD OF TRUSTEES PRIOR 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. WE HAVE SET UP A WHISTLE BLOWER POLICY FOR ANY MEMBER OF THE SCHOOL INCLUDING THE BOARD TO INFORM US IF THERE ARE ANY QUESTIONS OR CONCERNS THAT COME UP. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL'S CONTRACT IS NEGOTIATED USING BENCHMARKING DATA FROM SIMILAR SCHOOLS. THEY BENCHMARK SALARY, BENEFITS AND WORK LOAD. THEY ALSO GET LEGAL ADVICE ON THE WORDING OF THE CONTRACT. THE BOARD VOTES ON THE HEAD OF SCHOOL'S CONTRACT. OTHER SENIOR MANAGEMENT GET AN INCREASE AT THE SAME RATE AS THE FACULTY AND STAFF. THESE INCREASES ARE VOTED ON BY THE BOARD AND AGAIN BASED ON BENCHMARKING DATA. ALL DISCUSSIONS AND VOTES ARE DOCUMENTED IN THE MINUTES TO THE MEETINGS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND FINANCIAL STATEMENTS 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 GUIDESTAR AND THE MASSACHUSETTS OFFICE OF ATTORNEY GENERAL'S WEBSITE.