2021-05-17T10:09:44-05:00 2020-06-30 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 02129 990 2019-07-01 042104832 THE PIKE SCHOOL INC PIKE 9784751197 34 SUNSET ROCK ROAD ANDOVER MA 018104898 WILLIAM POWERS DIR. OF FINANCE & OPERATIONS 9784751197 2021-05-17 1 LYNNE JOHNSON P00757336 6179129000 2019 2022-09-23 18:48:47Z JOHN WATERS 15318683 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. 23 22 123 30 0 0 1122112 259905 13856286 14519730 560077 392651 -21384 -2163 15517091 15170123 2015417 2084745 0 0 9554663 9620524 0 0 624329 4090086 3776362 15660166 15481631 -143075 -311508 29275052 29954502 6663409 8301180 22611643 21653322 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 11654159 2084745 14224144 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 73 STUDENTS MOVING UP TO HIGH SCHOOL AND SECONDARY SCHOOLS. 452 STUDENTS ARE ENROLLED IN THE SCHOOL YEAR 2019-2020. 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. 864847 336553 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. 12519006 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 49 0 1 123 1 0 0 0 0 0 0 0 0 0 0 0 0 X 23 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 JOHN WATERS HEAD OF SCHOOL 60.00 X 364996 0 86291 WILLIAM POWERS DIRECTOR OF FINANCE & OPERATIONS 60.00 X 193565 0 13169 ROD BOYER DIRECTOR OF ADVANCEMENT 60.00 X 154407 0 34966 MICHAEL EATMAN COMMUNITY LIFE DIRECTOR 60.00 X 138452 0 32719 AARON HOVEL DIRECTOR OF TECHNOLOGY 60.00 X 127969 0 32093 KATHARINE MORAN DIRECTOR OF EXTERNAL AFFAIRS 60.00 X 142454 0 9859 MARYBETH HYDE DIRECTOR OF LOWER SCHOOL 60.00 X 137024 0 9499 MEERIE JOUNG CHAIR 2.00 X X 0 0 0 TASNEEM DOHADWALA VICE-CHAIR 2.00 X X 0 0 0 CLAUDIA BACH SECRETARY 2.00 X X 0 0 0 LAURIE HYLTON TREASURER 2.00 X X 0 0 0 STEVE ANDREWS BOARD MEMBER 2.00 X 0 0 0 EDMUND AZIABOR BOARD MEMBER 2.00 X 0 0 0 MENGMENG BAO 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 KENNETH FRANCOMANO BOARD MEMBER 2.00 X 0 0 0 EMMA HENDRICKSON BOARD MEMBER 2.00 X 0 0 0 WILL ABISALIH BOARD MEMBER 2.00 X 0 0 0 MONIQUE JOHNSON BOARD MEMBER 2.00 X 0 0 0 ALEX MATSES 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 PETER WEISSMAN BOARD MEMBER 2.00 X 0 0 0 1258867 0 218596 11 0 1 0 FLIK 2 INTERNATIONAL DR RYE BROOK NY 10573 FOOD SERVICES 421436 COMPASS FACILITY SERVICES 65 JACKMAN STREET GEORGETOWN MA 01833 CLEANING SERVICES 175732 A&M ROOFING 123 TEWKSBURY STREET ANDOVER MA 01810 CONSTRUCTION SERVICES 115904 US FOODS PO BOX 3155 BOSTON MA 02241 FOOD SUPPLIER 107935 4 259905 21247 259905 STUDENT TUITION & FEES 611710 14183177 14183177 SUMMER & AUXILIARY SERVICES 900099 336553 336553 14519730 392651 392651 105430 148560 -43130 -43130 -43130 MISCELLANEOUS INCOME 900099 40967 40967 40967 15170123 14560697 0 349521 2084745 2084745 616736 473566 108704 34466 7281952 5644988 1242479 394485 437091 349417 62545 25129 745345 595840 106654 42851 539400 431205 77184 31011 29986 29986 50820 50820 171010 2695 157517 10798 211100 18017 139702 53381 164765 27403 130678 6684 197208 186113 10021 1074 811480 792461 17052 1967 129149 126122 2714 313 803485 784653 16884 1948 PROGRAM EXPENSES 444363 420475 22203 1685 FOOD SERVICES 310312 290601 19711 DUES AND SUBCRIPTIONS 129141 52260 61456 15425 PROFESSIONAL DEVELOPMEN 100688 76605 20977 3106 222855 161840 61009 6 15481631 12519006 2338296 624329 41307 34307 1254291 2657549 1669912 1045216 304580 503135 135880 128206 26820844 12712393 14520600 14108451 11348482 11477638 29275052 29954502 2062847 2233285 1200410 1130238 2511452 2190572 500000 500000 388700 2247085 6663409 8301180 X 17507708 17244744 5103935 4408578 22611643 21653322 29275052 29954502 -311508 -646813 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12231463 298421 -222543 12307341 12532678 513470 344452 1159137 12231463 10819697 1365657 727324 380000 12532678 9611280 484072 1089101 364756 10819697 9732223 309351 -62206 368088 9611280 0.67000 0.25200 0.07800 0 0 138886 138886 22574052 9265648 13308404 2820002 2291804 528198 1287904 1154941 132963 14108451 TUITION DEPOSITS 536100 PAYCHECK PROTECTION PROGRAM LOAN 1710985 2247085 X 12587125 -646813 -2084745 -2731558 15318683 -148560 -148560 15170123 13545446 148560 148560 13396886 2084745 2084745 15481631 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 2017. 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 -1,591,872. TUITION REMISSION NETTED WITH TUITION REVENUE ON AUDITED FINANCIAL STATEMENT -492,873. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B -148,560. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B 148,560. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH TUITION REVENUE ON AUDITED FINANCIAL STATEMENTS 1,591,872. TUITION REMISSION NETTED WITH TUITION REVENUE ON AUDITED FINANCIAL STATEMENT 492,873. 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 75 1591872 TUITION REMISSION 19 492873 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 X X X 0 1 0 0 0 0 0 0 0 JOHN WATERS HEAD OF SCHOOL 364996 0 0 0 0 0 66994 0 19297 0 451287 0 0 0 WILLIAM POWERS DIRECTOR OF FINANCE & OPERATIONS 193565 0 0 0 0 0 12538 0 631 0 206734 0 0 0 ROD BOYER DIRECTOR OF ADVANCEMENT 154407 0 0 0 0 0 10429 0 24537 0 189373 0 0 0 MICHAEL EATMAN COMMUNITY LIFE DIRECTOR 138452 0 0 0 0 0 9245 0 23474 0 171171 0 0 0 AARON HOVEL DIRECTOR OF TECHNOLOGY 127969 0 0 0 0 0 8619 0 23474 0 160062 0 0 0 KATHARINE MORAN DIRECTOR OF EXTERNAL AFFAIRS 142454 0 0 0 0 0 9228 0 631 0 152313 0 0 0 PART I, LINE 4B THE SCHOOL EXTENDED ITS DEFERRED COMPENSATION 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 TOTALING $372,786. TOTAL DEFERRED COMPENSATION DUE TO THE HEAD OF SCHOOL AS OF JUNE 30, 2020 WAS $1,309,967, AND IS INCLUDED IN ACCRUED EXPENSES ON THE STATEMENTS OF FINANCIAL POSITION. $50,000 OF DEFERRED COMPENSATION IS REPORTED IN PART II, COLUMN C FOR THE HEAD OF SCHOOL RELATING TO THIS AGREEMENT. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2013-11-01 3250000 REFUNDING PRIOR 2009 ISSUE 0 0 0 A 947917 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 LAURIE HYLTON TRUSTEE TO PURCHASE RESIDENTIAL PROPERTY X 700000 500000 0 1 1 500000 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.