2015-12-08T16:23:34-06:00 2015-06-30 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 021293742 990 2014-07-01 042104832 THE PIKE SCHOOL PIKE 9784751197 34 SUNSET ROCK ROAD ANDOVER MA 01810 JOHN WATERS HEAD OF SCHOOL 9784751197 2015-12-08 1 LYNNE JOHNSON P00757336 6179129000 2014 2016-02-25 16:41:14Z JOHN WATERS 34 SUNSET ROCK ROAD ANDOVER MA 01810 13530532 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. 20 20 108 25 0 0 816559 1031745 11053449 11408578 334719 477235 -14828 -7118 12189899 12910440 1419665 1441380 0 0 7556364 7944418 0 0 446658 3570446 3463157 12546475 12848955 -356576 61485 26448640 26064493 6153331 6243968 20295309 19820525 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 9990623 1441380 11189146 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 72 STUDENTS MOVING UP TO HIGH SCHOOL AND SECONDARY SCHOOLS. 440 STUDENTS ARE ENROLLED IN THE SCHOOL YEAR 2014-2015. SCHOOL YEARS RUNS 168 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. 158078 248375 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. 10148701 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 37 0 1 108 1 0 0 0 0 0 1 1 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X JOHN WATERS 9784751197 34 SUNSET ROCK ROAD ANDOVER MA 018104898 ANDREW CHABAN BOARD CHAIR 2.00 X X 0 0 0 BOB BOREK BOARD MEMBER 2.00 X 0 0 0 ROBERTO SOLANO TREASURER 2.00 X 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 MEERI JOUNG BOARD MEMBER 2.00 X 0 0 0 FIRDAUS BHATHENA VICE CHAIR OF BOARD 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 BOARD MEMBER 2.00 X 0 0 0 HEATHER CLARK BOARD MEMBER 2.00 X 0 0 0 LUCY ABISALIH BOARD MEMBER 2.00 X 0 0 0 MARCY BARKER BOARD MEMBER 2.00 X 0 0 0 MICHELE KERRY BOARD SECRETARY 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 JOHN WATERS HEAD OF SCHOOL 60.00 X 310660 0 95230 MARK GRAZIANO DIRECTOR OF FINANCE 60.00 X 151847 0 29460 BOYER BAIRD HEAD OF MIDDLE SCHOOL 60.00 X 126985 0 31586 ANGELA BROWN DIRECTOR OF ADMISSIONS 60.00 X 112585 0 16289 ROD BOYER ADVANCEMENT DIRECTOR 60.00 X 134287 0 22165 836364 0 194730 5 0 1 0 PBSC 360 PEARL STREET MALDEN MA 02148 CLEANING SERVICE 161177 1 1031745 74813 1031745 STUDENT TUITION 611710 11092736 11092736 AUXILIARY SERVICES 900099 248375 248375 EXTENDED DAY 900099 67467 67467 11408578 255453 255453 46049 82110 -36061 -36061 -36061 759764 537982 221782 221782 221782 MISCELLANEOUS INCOME 900099 28943 28943 28943 12910440 11437521 0 441174 1441380 1441380 577048 54500 522548 5793112 4802283 643242 347587 372405 225200 125300 21905 719853 430652 244035 45166 482000 285000 165000 32000 38000 38000 18750 18750 65000 65000 60000 60000 124000 124000 115546 115546 718593 697808 20785 79500 79500 INSTRUCTIONAL EXPENDITU 1150000 1150000 MAINTENANCE/UTILITIES 630000 568300 61700 CAFETERIA EXPENDITURES 221000 211500 9500 SUMMER AND AUX. PROGRAM 158078 158078 84690 84690 12848955 10148701 2253596 446658 16762 18692 1588502 2162595 119609 95520 333113 255277 68781 85523 23455080 8663974 15078323 14791106 8875305 8449959 217482 199821 150763 6000 26448640 26064493 1398898 1499260 1130013 1118978 3250000 3250000 374420 375730 6153331 6243968 X 16774922 16414476 516387 402049 3004000 3004000 20295309 19820525 26448640 26064493 61485 -536269 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10015874 127500 -63169 347982 0 9732223 9045004 1297698 326828 10015874 8431956 921344 305925 2371 9045004 8443559 25000 260728 286453 10878 8431956 7439378 1307777 295296 8300 8443559 0.65570 0.30870 0.03560 0 0 138886 138886 20202226 6640425 13561801 1903292 1043850 859442 1210676 979699 230977 14791106 TUITION DEPOSITS 375730 375730 X 12877213 -536269 425067 -111202 12988415 -77975 -77975 12910440 13351997 425067 77975 503042 12848955 0 12848955 PART V, LINE 4: THE ORGANIZATION USES ENDOWMENT FUNDS FOR TEACHER'S SALARIES, PROFESSIONAL DEVELOPMENT, FINANCIAL AID, TECHNOLOGY, AND DESIGNATED BY THE BOARD ON UNDESIGNATED PORTIONS. 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 2012. THE SCHOOL WILL ACCOUNT FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, AS PART OF TAX EXPENSE. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B -82,110. INTEREST INCOME NETTED WITH EXPENSES ON AUDITED FS 4,135. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B 82,110. INTEREST INCOME NETTED WITH EXPENSES ON AUDITED FS -4,135. 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 72 1053371 TUITION REMISSION 21 388009 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 0 1 0 0 0 0 0 0 0 JOHN WATERS HEAD OF SCHOOL 310660 0 0 0 0 0 72000 0 23230 0 405890 0 0 0 MARK GRAZIANO DIRECTOR OF FINANCE 151847 0 0 0 0 0 9750 0 19710 0 181307 0 0 0 BOYER BAIRD HEAD OF MIDDLE SCHOOL 126985 0 0 0 0 0 8462 0 23124 0 158571 0 0 0 ROD BOYER ADVANCEMENT DIRECTOR 134287 0 0 0 0 0 7329 0 14836 0 156452 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, THE SCHOOL EXTENDED ITS AGREEMENT WITH THE HEAD OF SCHOOL THROUGH JUNE 30, 2017, AT WHICH TIME A LUMP SUM PAYMENT IS DUE. INTEREST IS CREDITED AT THE 5 YEAR TREASURY RATE AT EACH INSTALLMENT PERIOD. $50,000 HAS BEEN ACCRUED DURING FY15 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 3250000 3250000 2008 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 1 0 0 0 1 A 1 X 11 74813 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 11 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 IS AVAILABLE TO THE PUBLIC VIA GUIDESTAR AND THE MASSACHUSETTS OFFICE OF ATTORNEY GENERAL'S WEBSITE.