2023-05-15T08:36:07-05:00 2022-06-30 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 02129 990 2021-07-01 042104832 THE PIKE SCHOOL INC PIKE 9784751197 34 SUNSET ROCK ROAD ANDOVER MA 018104898 WILLIAM POWERS DIR. OF FINANCE & OPERATIONS 9784751197 2023-05-12 1 WILLIAM POWERS 999009999 LYNNE JOHNSON P00757336 6179129000 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z ASHLEY MARSHALL 34 SUNSET ROCK ROAD ANDOVER MA 018104898 21138894 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. 20 20 130 30 0 0 2489235 2563949 14789434 15381876 903294 2951749 48927 84577 18230890 20982151 1641622 1476957 0 0 9943673 10759107 0 0 684310 4119063 4758950 15704358 16995014 2526532 3987137 31746911 30331020 5475352 5482413 26271559 24848607 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 12532220 1476957 15176100 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 75 STUDENTS MOVING UP TO HIGH SCHOOL AND SECONDARY SCHOOLS. 448 STUDENTS ARE ENROLLED IN THE SCHOOL YEAR 2021-2022. 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. 1028672 293652 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. 13560892 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 19 0 1 130 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 1 1 1 1 1 1 1 1 0 MA X X WILLIAM POWERS 9784751197 34 SUNSET ROCK ROAD ANDOVER MA 018104898 ALEX MATSES BOARD MEMBER 2.00 X 0 0 0 BOBBIE CRUMP-BURBANK BOARD MEMBER 2.00 X 0 0 0 CARRIE SMOTRICH BOARD MEMBER 2.00 X 0 0 0 EDMUND AZIABOR BOARD MEMBER 2.00 X 0 0 0 ELIZABETH CIERI BOARD MEMBER 2.00 X 0 0 0 EMMA HENDRICKSON BOARD MEMBER 2.00 X 0 0 0 EMMA WU BOARD MEMBER 2.00 X 0 0 0 JEANNIE SULLIVAN BOARD MEMBER 2.00 X 0 0 0 MENGMENG WANG BOARD MEMBER 2.00 X 0 0 0 MEGAN KRISTIANSEN BOARD MEMBER 2.00 X 0 0 0 CHRIS PEABODY BOARD MEMBER 2.00 X 0 0 0 PETER WEISSMAN BOARD MEMBER 2.00 X 0 0 0 SALVATORE BELLIA BOARD MEMBER 2.00 X 0 0 0 CLAUDIA BACH BOARD MEMBER 2.00 X 0 0 0 WILL ABISALIH BOARD MEMBER 2.00 X 0 0 0 WILL SONG BOARD MEMBER 2.00 X 0 0 0 TASNEEM 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 296663 0 119827 WILLIAM POWERS DIRECTOR OF FINANCE & OPERATIONS 60.00 X 206350 0 6617 ROD BOYER DIRECTOR OF ADVANCEMENT 60.00 X 163722 0 31263 MARYBETH HEYD DIRECTOR OF LOWER SCHOOL 60.00 X 155077 0 29812 AARON HOVEL DIRECTOR OF TECHNOLOGY 60.00 X 139502 0 28263 TRISHA GORDON DRAMA TEACHER 60.00 X 116786 0 28874 KATHARINE MORAN DIRECTOR OF EXTERNAL AFFAIRS 60.00 X 167907 0 1022 1246007 0 245678 12 0 1 0 WILDWOOD NURSERIES INC 34 WILDWOOD ROAD ANDOVER MA 01810 LANDSCAPING/GROUNDS MAINTENANCE 285546 FLIK 2 INTERNATIONAL DRIVE RYE BROOK NY 10573 FOOD SERVICES 251601 M & R JANITOR SERVICES 4 OLIVER PLACE EVERETT MA 02149 JANITORIAL SERVICES 213365 CBTCHILDS BERTMAN TSECKARES INC ONE CONSTITUTION ROAD SUITE 200 BOSTON MA 02129 ARCHITECT 177547 COMPASS FACILITY SERVICES 65 JACKMAN STREET GEORGETOWN MA 01833 CLEANING SERVICES 147293 6 1968710 595239 2563949 STUDENT TUITION & FEES 611710 15088224 15088224 SUMMER & AUXILIARY SERVICES 900099 293652 293652 15381876 302090 302090 9758 13057 -3299 -3299 -3299 2793345 0 143686 2793345 -143686 2649659 2649659 MISCELLANEOUS INCOME 900099 87876 87876 87876 20982151 15469752 0 2948450 1476957 1476957 566944 446062 92253 28629 8277753 6532873 1338238 406642 404574 326300 56126 22148 939144 757446 130285 51413 570692 460280 79170 31242 26892 1855 24186 851 79160 5460 71193 2507 22646 1562 20367 717 224993 16419 201034 7540 248815 27859 130967 89989 164440 49595 109314 5531 104649 96767 7882 1404825 1371899 32926 93620 91426 2194 723584 706625 16959 PROGRAM EXPENSES 436440 416673 14327 5440 FOOD SERVICES 396882 359850 37032 DUES AND SUBSCRIPTIONS 308326 147759 140571 19996 PROFESSIONAL DEVELOPMEN 70270 54155 10930 5185 453408 213070 233858 6480 16995014 13560892 2749812 684310 34307 34307 2042935 595670 397561 325015 448392 524376 79206 175847 29021798 14184768 14059049 14837030 14685461 12401800 0 1436975 31746911 30331020 1037087 1333296 1162256 1256678 2005109 1751939 300000 200000 970900 940500 5475352 5482413 X 21800407 21053897 4471152 3794710 26271559 24848607 31746911 30331020 X 3987137 -5355173 -54916 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15309329 34715 -2260819 681425 12401800 12307341 536708 3207280 742000 15309329 12231463 298421 -222543 12307341 12532678 513470 344452 1159137 12231463 10819697 1365657 727324 380000 12532678 0.72023 0.24222 0.03755 0 0 138886 138886 23456891 10340339 13116552 2967357 2556497 410860 2458664 1287932 1170732 14837030 TUITION DEPOSITS 940500 940500 X 14108162 -5355173 -1531873 -6887046 20995208 -13057 -13057 20982151 15531114 13057 13057 15518057 1476957 1476957 16995014 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 2018. 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 -1,476,957. UNCOLLECTIBLE CONTRIBUTIONS -54,916. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B -13,057. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B 13,057. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH TUITION REVENUE ON AUDITED FINANCIAL STATEMENTS 1,476,957. 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. SCHEDULE E, PART I, LINE 6 THE EMPLOYEE RETENTION TAX CREDIT (ERTC) IS A REFUNDABLE TAX CREDIT AGAINST CERTAIN EMPLOYMENT TAXES EQUAL TO 50% OF THE QUALIFIED WAGES AN ELIGIBLE EMPLOYER PAYS TO EMPLOYEES AFTER MARCH 12, 2020, AND BEFORE JUNE 30, 2021. QUALIFIED WAGES CAN'T INCLUDE ANY AMOUNT SUBMITTED ON THE PPP LOAN FORGIVENESS APPLICATION. THE SCHOOL MET ELIGIBILITY REQUIREMENTS AS AN EMPLOYER TO RECEIVE THE TAX CREDIT AND BASED OFF QUALIFIED WAGES FOR THE QUARTERS ENDING THROUGH JUNE 30, 2021, RESULTING IN ADDITIONAL INCOME OF $1,968,710 RECORDED ON THE STATEMENT OF ACTIVITIES FOR YEAR ENDED JUNE 30, 2022. THE RELATED RECEIVABLE OF $1,436,975 FOR AMOUNTS NOT RECEIVED AS OF JUNE 30, 2022, ARE INCLUDED IN EMPLOYEE RETENTION TAX CREDIT RECEIVABLE IN THE STATEMENT OF FINANCIAL POSITION AS OF JUNE 30, 2022. 1 FINANCIAL AID 72 1476957 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 271663 0 0 0 25000 0 27445 0 92382 0 416490 0 0 0 WILLIAM POWERS DIRECTOR OF FINANCE & OPERATIONS 206350 0 0 0 0 0 5457 0 1160 0 212967 0 0 0 ROD BOYER DIRECTOR OF ADVANCEMENT 163722 0 0 0 0 0 4539 0 26724 0 194985 0 0 0 MARYBETH HEYD DIRECTOR OF LOWER SCHOOL 155077 0 0 0 0 0 3860 0 25952 0 184889 0 0 0 KATHARINE MORAN DIRECTOR OF EXTERNAL AFFAIRS 167907 0 0 0 0 0 0 0 1022 0 168929 0 0 0 AARON HOVEL DIRECTOR OF TECHNOLOGY 139502 0 0 0 0 0 3860 0 24403 0 167765 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 SCHOOL ENTERED INTO A DEFERRED COMPENSATION AGREEMENT WITH THE SCHOOL'S NEW HEAD OF SCHOOL (CURRENT AGREEMENT) TO BE ACCRUED IN THREE EQUAL YEARLY INSTALLMENTS OF $25,000 STARTING IN 2021. STARTING IN 2022, INTEREST IS TO BE CREDITED AT THE FIVE-YEAR TREASURY RATE AT EACH INSTALLMENT PERIOD. TOTAL DEFERRED COMPENSATION DUE TO THE NEW HEAD OF SCHOOL AS OF JUNE 30, 2022, WAS $53,825, AND IS INCLUDED IN ACCRUED EXPENSES ON THE STATEMENT OF FINANCIAL POSITION. AS OF JUNE 30, 2022, THE UNFUNDED PORTION OF DEFERRED COMPENSATION AMOUNTED TO $25,000. $25,000 HAS BEEN ACCRUED DURING FY22 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 1489583 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 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. FORM 990, PART XI, LINE 9: UNCOLLECTIBLE CONTRIBUTIONS -54,916.