The Heights Inc
- Assets
- $28.5m
- Revenue
- $21.8m
- Investments
- $0.0
- Employees
- 92
- Location
- Potomac, MD
- Founding
- 08/2002
- Data as of
- 06/2022
- EIN
- 52-1128002
Organization Overview
The Heights Inc, operating under the name The Heights School, is located in Potomac, MD. The organization was established in 2002. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Heights School employed 92 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heights School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Heights School generated $21.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $20.0m during the year ending 06/2022. While expenses have increased by 4.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ELEMENTARY AND SECONDARY SCHOOL FOR BOYS GRADES 3-12
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ELEMENTARY AND SECONDARY EDUCATION TO 550 BOYS, GRADES 3-12 OVER COURSE OF 170-DAY SCHOOL YEAR. SERVICE PROGRAM INCLUDES CLASSROOM INSTRUCTION, EXTRACURRICULAR PROGRAMS, AND FAMILY SUPPORT ACTIVITIES.
PROVIDE SUMMER CAMP ACTIVITIES TO 450 BOYS, AGES 4-16 DURING THE SUMMER MONTHS OF JUNE, JULY AND AUGUST. SERVICE PROGRAM INCLUDES CAMPS FOR ATHLETICS, ACADEMIC AND ENRICHMENT SUBJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip J Mcgovern Chief Financial Officer | Officer | 60 | $270,030 |
Alvaro DE Vicente Headmaster | Officer | 60 | $225,580 |
Andrew Reed Middle School Head | 55 | $197,015 | |
Gerard Babendreier Teacher | 50 | $187,925 | |
Thomas Royals Assistant Headmaster | 55 | $176,009 | |
Colin Gleason Lower School Head | 55 | $152,763 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sentral Services Cleaning Services | 6/29/22 | $140,337 |
Great American Landscapes Landscaping Services | 6/29/22 | $116,058 |
Williams Bus Company Transportation Services | 6/29/22 | $219,929 |
Vignola Catering Catering And Hot Lunch Service | 6/29/22 | $148,812 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $183,075 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,972,828 |
| Noncash contributions included in lines 1a–1f | $307,886 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,155,903 |
| Total Program Service Revenue | $18,219,125 |
| Investment income | $110,629 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$63,845 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,762,530 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,652,269 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $555,334 |
| Compensation of current officers, directors, key employees. | $105,468 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,137,306 |
| Pension plan accruals and contributions | $1,556,270 |
| Other employee benefits | $2,146,093 |
| Payroll taxes | $552,349 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,953 |
| Fees for services: Accounting | $34,087 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,820 |
| Fees for services: Other | $346,823 |
| Advertising and promotion | $15,263 |
| Office expenses | $342,309 |
| Information technology | $103,765 |
| Royalties | $0 |
| Occupancy | $148,766 |
| Travel | $293,748 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $398,259 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,473,131 |
| Insurance | $99,249 |
| All other expenses | $277,011 |
| Total functional expenses | $19,986,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,281,561 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,004,226 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $220,994 |
| Net Land, buildings, and equipment | $17,230,419 |
| Investments—publicly traded securities | $5,758,815 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,496,015 |
| Accounts payable and accrued expenses | $590,869 |
| Grants payable | $0 |
| Deferred revenue | $5,503,085 |
| Tax-exempt bond liabilities | $11,153,520 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $214,590 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $240,835 |
| Total liabilities | $17,702,899 |
| Net assets without donor restrictions | $7,879,383 |
| Net assets with donor restrictions | $2,913,733 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $28,496,015 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that The Heights Inc has recieved totaling $115,780.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $41,500 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: EDUCATION | $30,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $15,853 |
The Community Foundation For Northern Virginia Inc Oakton, VA PURPOSE: PRIMARY/ELEMENTARY SCHOOL | $10,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $8,000 |
Endowment Analysis
| Beg. Balance | $808,486 |
| Earnings | -$51,714 |
| Net Contributions | $389,834 |
| Other Expense | $22,361 |
| Ending Balance | $1,124,245 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Haverford School Haverford, PA | $200,207,536 | $63,658,264 |
Washington International School Washington, DC | $132,347,025 | $55,642,872 |
American Embassy School Association Washington Dc, DC | $98,314,140 | $33,598,614 |
Philadelphia Independent Mission Schools Philadelphia, PA | $39,191,945 | $38,175,969 |
Capital City Public Charter School Inc Washington, DC | $43,801,166 | $29,982,294 |
Two Rivers Public Charter School Inc Washington, DC | $70,128,237 | $23,149,054 |
Friends Select School Philadelphia, PA | $35,402,509 | $21,729,714 |
The Heights Inc Potomac, MD | $28,496,015 | $21,762,530 |
The Foundation Schools Largo, MD | $16,377,358 | $19,826,112 |
Sanford School Inc Hockessin, DE | $33,539,309 | $20,013,159 |
Annapolis Area Christian School Association Inc Severn, MD | $29,091,894 | $17,563,578 |
Lancaster Country Day School Lancaster, PA | $75,848,302 | $20,350,115 |