2018-05-15T14:59:07-05:00 2017-06-30 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 021293742 990 2016-07-01 042104832 THE PIKE SCHOOL PIKE 9784751197 34 SUNSET ROCK ROAD ANDOVER MA 01810 WILLIAM POWERS DIR. OF FINANCE & OPERATIONS 9784751197 2018-05-15 1 LYNNE JOHNSON P00757336 6179129000 108.171.131.186 2018-05-15 15:58:34 ED P BC761CF869453B3C1EAEFCEB8393C6307CA8E02E 3EC94109562373352E9E98DBECBB638387A64460 2016 2021-01-29 14:40:06Z JOHN WATERS 34 SUNSET ROCK ROAD ANDOVER MA 01810 13914169 0 X WWW.PIKESCHOOL.ORG X 1926 MA THE PIKE SCHOOL IS A PK-9 PRIVATE SCHOOL OF APPROXIMATELY 438 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 22 123 27 0 0 2753975 1144602 12052171 12255652 337870 342714 -44919 -47921 15099097 13695047 1607839 1650518 0 0 8383999 8882483 0 0 507528 3215904 3496524 13207742 14029525 1891355 -334478 27655894 27922933 6339410 6190001 21316484 21732932 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 9812304 1650518 11928512 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. 438 STUDENTS ARE ENROLLED IN THE SCHOOL YEAR 2016-2017. SCHOOL YEARS RUNS 179 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. 201557 335978 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. 10013861 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 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 44 0 1 123 1 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 X WILL POWERS 9784751197 34 SUNSET ROCK ROAD ANDOVER MA 018104898 BOB BOREK BOARD MEMBER 2.00 X 0 0 0 BOBBIE CRUMP-BURBANK BOARD MEMBER 2.00 X 0 0 0 BRIAN LAWLOR BOARD MEMBER 2.00 X 0 0 0 MEERIE JOUNG VICE CHAIRPERSON 2.00 X X 0 0 0 FIRDAUS BHATHENA CHAIRPERSON 2.00 X X 0 0 0 KIM PACKARD BOARD MEMBER 2.00 X 0 0 0 LYNNE CAPOZZI BOARD MEMBER 2.00 X 0 0 0 LESLIE ROSAS BOARD MEMBER 2.00 X 0 0 0 CLAUDIA BACH SECRETARY 2.00 X X 0 0 0 HEATHER CLARK BOARD MEMBER 2.00 X 0 0 0 MARCY BARKER TREASURER 2.00 X X 0 0 0 RICHARD VEIRA BOARD MEMBER 2.00 X 0 0 0 SCOTT GINSBERG BOARD MEMBER 2.00 X 0 0 0 TASNEEM DOHADWALA BOARD MEMBER 2.00 X 0 0 0 MARK NICHOLS BOARD MEMBER 2.00 X 0 0 0 SEAN RILEY BOARD MEMBER 2.00 X 0 0 0 DAVID BROOKS BOARD MEMBER 2.00 X 0 0 0 ELIZABETH CIERI BOARD MEMBER 2.00 X 0 0 0 MONIQUE JOHNSON BOARD MEMBER 2.00 X 0 0 0 ELIANA MARTINEZ 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 JOHN WATERS HEAD OF SCHOOL 60.00 X 330159 0 89280 WILLIAM POWERS DIRECTOR OF FINANCE & OPERATIONS 60.00 X 159233 0 10962 ROD BOYER DIRECTOR OF ADVANCEMENT 60.00 X 136437 0 30804 MICHAEL EATMAN COMMUNITY LIFE DIRECTOR 60.00 X 122201 0 29879 MARISSA SCHNIRMAN HEAD OF MIDDLE SCHOOL 60.00 X 106803 0 28860 COLLEEN WELSH HEAD OF UPPER SCHOOL 60.00 X 103520 0 28647 AARON HOVEL DIRECTOR OF TECHNOLOGY 60.00 X 104012 0 28679 1062365 0 247111 7 0 1 0 PBSC 360 PEARL STREET MALDEN MA 02148 CLEANING SERVICE 158726 1 37080 1107522 53316 1144602 STUDENT TUITION 611710 11919674 11919674 AUXILIARY SERVICES 900099 335978 335978 12255652 269024 269024 60616 107410 -46794 -46794 -46794 157437 83747 73690 73690 73690 18000 37080 27965 -9965 -9965 MISCELLANEOUS INCOME 900099 8838 8838 8838 13695047 12264490 0 285955 1650518 1650518 589634 589634 6729088 4977455 1431196 320437 324373 280081 26261 18031 744922 526366 184670 33886 494466 340956 131560 21950 98203 98203 38400 38400 52500 52500 296801 296801 492937 317944 152318 22675 196000 126420 60564 9016 106537 68716 32920 4901 872062 562480 269467 40115 84812 54704 26207 3901 INSTRUCTIONAL PROGRAMS 650881 650881 BUILDINGS & GROUNDS 387186 319015 45420 22751 DINING SERVICES 214457 138325 66267 9865 MISCELLANEOUS 5748 5748 14029525 10013861 3508136 507528 18692 18692 2380553 2087704 1607894 1503882 263863 238615 114269 172129 23952539 10272126 14298134 13680413 8790330 10057001 182159 164497 27655894 27922933 1525357 1524080 1183023 1168988 3250000 3114583 381030 382350 6339410 6190001 X 16487857 16782721 1824627 1946211 3004000 3004000 21316484 21732932 27655894 27922933 -334478 750926 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9611280 484072 1089101 364756 10819697 9732223 309351 -62206 368088 9611280 10015874 127500 -63169 347982 9732223 9045004 1297698 326828 10015874 8431956 921344 305925 2371 9045004 0.68150 0.27760 0.04090 0 0 138886 138886 20273940 7631778 12642162 2321311 1579120 742191 1218402 1061228 157174 13680413 TUITION DEPOSITS 382350 382350 X 14505048 750926 -76300 674626 13830422 -135375 -135375 13695047 14088600 135375 135375 13953225 76300 76300 14029525 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 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 2014. 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: UNCOLLECTIBLE CONTRIBUTIONS -76,300. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B -107,410. FUNDRAISING EXPENSE REPORTED ON FORM 990, PART VIII, LINE 8B -27,965. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B 107,410. FUNDRAISING EXPENSE REPORTED ON FORM 990, PART VIII, LINE 8B 27,965. PART XII, LINE 4B - OTHER ADJUSTMENTS: UNCOLLECTIBLE CONTRIBUTIONS 76,300. 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. GOLF & TENNIS W/BUFFET 55080 37080 18000 19740 4065 4160 55080 37080 18000 19740 4065 4160 27965 -9965 1 FINANCIAL AID 69 1155694 TUITION REMISSION 20 494824 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 330159 0 0 0 0 0 71460 0 17820 0 419439 0 0 0 WILLIAM POWERS DIRECTOR OF FINANCE & OPERATIONS 159233 0 0 0 0 0 10350 0 612 0 170195 0 0 0 ROD BOYER DIRECTOR OF ADVANCEMENT 136437 0 0 0 0 0 8868 0 21936 0 167241 0 0 0 MICHAEL EATMAN COMMUNITY LIFE DIRECTOR 122201 0 0 0 0 0 7943 0 21936 0 152080 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, AND SUBSEQUENTLY IN 2017, THE SCHOOL EXTENDED ITS AGREEMENT WITH THE HEAD OF SCHOOL THROUGH JUNE 30, 2019, CONTINUING WITH $50,000 ANNUAL INSTALLMENTS. SUBJECT TO CERTAIN PROVISIONS, AT JUNE 29, 2019 AN ADDITIONAL $370,440 WILL BE EARNED. INTEREST IS CREDITED AT THE 5 YEAR TREASURY RATE AT EACH INSTALLMENT PERIOD. TOTAL DEFERRED COMPENSATION DUE TO THE HEAD OF SCHOOL AS OF JUNE 30, 2017 WAS $743,645. $50,000 HAS BEEN ACCRUED DURING FY17 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 135417 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 4 53316 FAIR MARKET VALUE 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.