2025-05-13T08:50:07-05:00 2024-06-30 333709623 COHNREZNICK ADVISORY LLC 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2023-07-01 521128002 THE HEIGHTS INC HEIG 3013654300 10400 SEVEN LOCKS ROAD POTOMAC MD 20854 JAMES M MCNIFF CFO 3013654300 2025-05-09 1 1 LAURA KIELCZEWSKI P00740769 3016529100 2025-05-08 2023 2025-03-06 01:10:19Z ALVARO DE VICENTE 10400 SEVEN LOCKS ROAD POTOMAC MD 20854 28423957 0 X WWW.HEIGHTS.EDU X 2001 MD ELEMENTARY AND SECONDARY SCHOOL FOR BOYS GRADES 3-12 13 10 98 45 0 0 3356273 4192576 19495725 20530110 320742 1001906 -43348 59213 23129392 25783805 3792259 4073971 0 0 9936447 10150009 149030 0 1854640 7532956 8899214 21410692 23123194 1718700 2660611 30022937 32133113 17239973 16686639 12782964 15446474 X THE HEIGHTS SCHOOL IS A PRIVATE, INDEPENDENT, PREPARATORY SCHOOL FOR BOYS, GRADES THREE TO TWELVE. THE SCHOOL ASSISTS PARENTS IN THE INTELLECTUAL, MORAL, PHYSICAL AND SPIRITUAL EDUCATION OF THEIR SONS. DEDICATED FACULTY IMPART RIGOROUS ACADEMIC TRAINING IN ALL THE MAJOR AREAS OF THE LIBERAL ARTS. FORMATION IN VIRTUE FOSTERS RESPECT FOR EVERY PERSON, A DESIRE TO SERVE GOD AND OTHERS, AND AN OPTIMISTIC ATTITUDE TOWARDS LIFE'S CHALLENGES. THE SCHOOL'S CHRISTIAN ORIENTATION AND SPIRITUAL FORMATION ARE ENTRUSTED TO OPUS DEI, A PERSONAL PRELATURE OF THE CATHOLIC CHURCH. 0 0 18730935 4073971 20564261 PROVIDE ELEMENTARY AND SECONDARY EDUCATION TO 600 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. 18730935 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 60 0 1 98 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 13 10 1 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 1 1 1 0 MD X THE ORGANIZATION 3013654300 10400 SEVEN LOCKS ROAD POTOMAC MD 20854 ANDY PEREZ-BENZO BOARD MEMBER 2.00 X 0 0 0 ANTHONY FALCONE TREASURER 4.00 X X 0 0 0 DANIEL BEATTY BOARD MEMBER 2.00 X 0 0 0 EDDY MOSS BOARD MEMBER 2.00 X 0 0 0 JOHN MESSENGER BOARD MEMBER 2.00 X 0 0 0 KATHERINE REITZ BOARD MEMBER 2.00 X 0 0 0 KRISTINA ARCHEVAL BOARD MEMBER 2.00 X 0 0 0 LAWRENCE OLSEN SECRETARY 4.00 X X 0 0 0 LEE GOODWIN BOARD MEMBER 2.00 X 0 0 0 MICHAEL FERGUSON BOARD MEMBER 2.00 X 0 0 0 PATRICK R KILNER CHAIR 4.00 X X 0 0 0 TIMOTHY CARNEY BOARD MEMBER 2.00 X 0 0 0 XAVIER ARGUELLO BOARD MEMBER 2.00 X 0 0 0 ALVARO DE VICENTE HEADMASTER 55.00 X 230830 0 21880 JAMES MCNIFF CHIEF FINANCIAL OFFICER 55.00 X 131000 0 53848 ANDREW REED MIDDLE SCHOOL HEAD 55.00 X 233067 0 69941 COLIN GLEASON LOWER SCHOOL HEAD 55.00 X 180223 0 70552 GERARD BABENDREIER TEACHER 50.00 X 198305 0 30741 WILLIAM JAMES BUSINESS MANAGER 55.00 X 191499 0 157968 THOMAS ROYALS ASSISTANT HEADMASTER 55.00 X 177495 0 36481 PHILIP J MCGOVERN FORMER CHIEF FINANCIAL OFFICER 60.00 X 269802 0 41060 1612221 0 482471 28 1 1 0 FIDELITY MECHANICAL SERVICES 25 LOVETON CIRCLE SPARKS MD 21152 HVAC MECHANICAL SERVICES 372832 KELLER BROTHERS 1012 RISING RIDGE RD MOUNT AIRY MD 21771 CONSTRUCTION SERVICES 296664 WILLIAMS BUS COMPANY PO BOX 1272 SPRINGFIELD VA 22151 TRANSPORTATION SERVICES 220600 VIGNOLA CATERING 11612 BOILING BROOK PLACE ROCKVILLE MD 20852 CATERING AND HOT LUNCH SERVICE 204091 SENTRAL SERVICES 11218 MIDVALE RD KENSINGTON MD 20895 CLEANING SERVICES 160706 7 217747 3974829 724203 4192576 TUITION & RELATED FEES 611110 19085786 19085786 AUXILIARY SERVICES 611710 1444324 1444324 20530110 202657 202657 27639 0 27639 27639 27639 3175727 2376478 799249 799249 799249 150310 217747 263674 -113364 -113364 BAD DEBT RECOVERY 900099 34151 34151 110787 110787 144938 25783805 20564261 0 1026968 4073971 4073971 305299 224142 55778 25379 6512874 4841840 1148360 522674 386947 261520 86238 39189 2321863 1569245 517465 235153 623026 439329 99820 83877 11087 11087 63515 63515 38460 38460 365544 284007 43950 37587 13562 2650 10912 415717 186224 77058 152435 66317 66317 969198 969198 342881 330832 1831 10218 404030 404030 1498729 1498729 114515 114515 TUITION REMISSION 1875240 1875240 STIPENDS 1720312 1133371 62664 524277 FOOD AND CONSUMABLES 307407 58429 118982 129996 EDUCATIONAL MATERIALS 198228 176224 11069 10935 494472 290089 132375 72008 23123194 18730935 2537619 1854640 4648406 5138771 476227 1113892 1111547 145941 202948 35729973 19845848 16332355 15884125 7698639 9161642 83704 157853 30022937 32133113 503196 586016 5205870 5217690 10802554 10314912 620676 410151 107677 157870 17239973 16686639 X 8643416 10573525 4139548 4872949 12782964 15446474 30022937 32133113 2660611 2899 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1638576 850721 184518 23450 2650365 1124245 431918 101683 19270 1638576 808486 389834 -51714 22361 1124245 605725 195682 25589 18510 808486 432617 171915 16024 14831 605725 0.00000 0.91688 0.08312 0 0 817418 817418 30968257 16472858 14495399 3298468 2815669 482799 645830 557321 88509 15884125 FINANCE LEASE LIABILITY 157870 157870 X 21937947 2899 -4073971 -4071072 26009019 38460 -263674 -225214 25783805 19274437 263674 263674 19010763 38460 4073971 4112431 23123194 PART V, LINE 4: PROCEEDS OF EARNINGS ON ORIGINAL ENDOWMENT AMOUNTS ARE RESTRICTED BY THE DONORS TO BE USED FOR FINANCIAL AID AND PLANT IMPROVEMENTS AS DEEMED CONSISTENT TO THE SPECIFIC ENDOWMENT PURPOSE. THE EARNINGS, LOSSES, AND EXPENDITURES OF THESE FUNDS ARE REPORTED AS TEMPORARILY RESTRICTED NET ASSETS. PART X, LINE 2: THE SCHOOL IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"), EXCEPT FOR UNRELATED BUSINESS INCOME, AS DEFINED BY THE IRC. THE SCHOOL DID NOT HAVE ANY UNRELATED BUSINESS INCOME DURING THE YEARS ENDED JUNE 30, 2024 AND 2023. ACCORDINGLY, THESE STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES. THE SCHOOL IS REQUIRED TO FILE, AND DOES FILE, TAX RETURNS WITH THE INTERNAL REVENUE SERVICE ("IRS") AND OTHER TAXING AUTHORITIES. TAX RETURNS FILED BY THE SCHOOL ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2021 REMAIN OPEN. THE SCHOOL HAS ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN INCOME TAX POSITIONS. DURING THE YEARS ENDED JUNE 30, 2024 AND 2023, THE SCHOOL DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH TUITION AND FEES -4,073,971. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -263,674. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 263,674. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH TUITION AND FEES 4,073,971. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 PART 1 QUESTION 3 THE POLICY IS PUBLICIZED THROUGH PRINTED MATERIALS AND PERIODIC ADVERTISEMENTS. X X X X 0 MARYLAND DAY GALA 215201 142251 72950 120834 30545 GARDEN PARTY 82751 38951 43800 14729 44430 2 70105 36545 33560 21713 31423 368057 217747 150310 157276 106398 263674 -113364 1 SCHOLARSHIPS AND FINANCIAL AID 276 4073971 FMV SCHOLARSHIPS AND FINANCIAL AID PART I, LINE 2 THE BOARD OF THE SCHOOL DETERMINES THE TOTAL AMOUNT OF FINANCIAL AID AVAILABLE FOR ANY GIVEN YEAR AND LEAVES THE PROCESS OF CALCULATING INDIVIDUAL FINANCIAL AID AWARDS TO MANAGEMENT OFFICIALS OF THE SCHOOL. FINANCIAL AID IS AWARDED BY MEANS OF THE FOLLOWING PROCESS: A) FAMILIES OF STUDENTS WHO WISH TO BE CONSIDERED FOR FINANCIAL AID MAKE AN APPLICATION ONLINE WITH A CONTRACTED GRANT & AID SERVICE, B) THE RESULTS OF THAT APPLICATION ARE REVIEWED BY A FINANCIAL AID COMMITTEE COMPRISED OF SEVERAL MANAGEMENT OFFICIALS OF THE SCHOOL, AND C) A NOTICE OF FINANCIAL AID AWARD IS SENT TO THE FAMILY OF THE PROSPECTIVE STUDENT AS PART OF AN ENROLLMENT CONTRACT. X X 0 0 0 0 0 0 0 0 0 WILLIAM JAMES BUSINESS MANAGER 191499 0 0 0 0 0 9575 0 148393 0 349467 0 0 0 PHILIP J MCGOVERN FORMER CHIEF FINANCIAL OFFICER 269802 0 0 0 0 0 13490 0 27570 0 310862 0 0 0 ANDREW REED MIDDLE SCHOOL HEAD 233067 0 0 0 0 0 11653 0 58288 0 303008 0 0 0 ALVARO DE VICENTE HEADMASTER 230830 0 0 0 0 0 11542 0 10338 0 252710 0 0 0 COLIN GLEASON LOWER SCHOOL HEAD 180223 0 0 0 0 0 9011 0 61541 0 250775 0 0 0 GERARD BABENDREIER TEACHER 198305 0 0 0 0 0 9915 0 20826 0 229046 0 0 0 THOMAS ROYALS ASSISTANT HEADMASTER 177495 0 0 0 0 0 8875 0 27606 0 213976 0 0 0 JAMES MCNIFF CHIEF FINANCIAL OFFICER 131000 0 0 0 0 0 6550 0 47298 0 184848 0 0 0 A MONTGOMERY COUNTY MARYLAND 526000980 2015-07-29 14302000 REFINANCING 0 0 0 A 3987088 14302000 258546 14043454 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 1 1 1 0 0 0 0 A 0 SCHEDULE K, PART IV, LINE 2C: THERE WERE NO FUNDS OR ACCOUNTS CREATED TO HOLD PROCEEDS OF THE BONDS AND THERE ARE NO TRANSFERRED PROCEEDS OF THE PRIOR BONDS REFUNDED WITH THE SERIES 2015 BONDS, THEREFORE THERE ARE NO CALCULATIONS TO BE DONE AND NO REBATE DUE. 69200 FINANCIAL AID TUITION ASSISTANCE X 14 724203 FMV 0 0 0 PART I, COLUMN (B): SCHEDULE M, PART I, COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 2 PATRICK R. KILNER AND D. PATRICK KILNER, JR. HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE BY-LAWS OF THE HEIGHTS, INC., CALL FOR THE APPOINTMENT OF MEMBERS (NOT LESS THAN FIVE NOR MORE THAN SEVEN) WHOSE RESPONSIBILITY IS TO PROTECT AND PROMOTE THE ORIGINAL SPIRIT AND MISSION OF THE SCHOOL. TO THIS END, THEY APPOINT AND REMOVE MEMBERS OF THE BOARD OF DIRECTORS, AMEND THE ARTICLES OF INCORPORATION AND REVISE THE BY-LAWS, AND RESPOND TO INQUIRIES FROM THE BOARD OF DIRECTORS ON MATTERS RELATING TO THE SPIRIT AND MISSION OF THE SCHOOL. FORM 990, PART VI, SECTION A, LINE 7A ONE OF THE RESPONSIBILITIES OF THE MEMBERS IS THE APPOINTMENT AND REMOVAL OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS HOLD THE RESPONSIBILITIES OF THE APPOINTMENT AND REMOVAL OF THE BOARD OF DIRECTORS; THE AMENDMENT OF THE ARTICLES OF INCORPORATION AND THE REVISION OF THE BY-LAWS; AND THE RESPONSE TO INQUIRIES FROM THE BOARD OF DIRECTORS ON MATTERS RELATING TO THE SPIRIT AND MISSION OF THE SCHOOL. FORM 990, PART VI, SECTION B, LINE 11B A REVIEW OF THE DRAFT FORM 990 WILL BE CONDUCTED BY THE SCHOOL'S BUSINESS MANAGER PRIOR TO SUBMISSION TO THE IRS. THIS REVIEW WILL CONSIST OF A CAREFUL EXAMINATION OF THE RETURN FOR ACCURACY AND DISCUSSION OF ANY QUESTIONS/CONCERNS WITH THE FORM PREPARERS. FORM 990, PART VI, SECTION B, LINE 12C THE BY-LAWS OF THE HEIGHTS, INC., REQUIRE THAT DIRECTORS, OFFICERS, ADMINISTRATORS, FACULTY, AND OTHER EMPLOYEES OF THE SCHOOL DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST THAT MAY EXIST IN CONNECTION WITH THEIR RESPONSIBILITIES AT THE SCHOOL. SO THAT THE BOARD OF DIRECTORS CAN PROVIDE GUIDANCE AND TAKE APPROPRIATE ACTION, AS A MEANS TO MONITOR AND ENFORCE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY, DIRECTORS AND OFFICERS ARE REQUIRED TO COMPLETE A DISCLOSURE STATEMENT ANNUALLY DESCRIBING ANY POTENTIAL CONFLICTS OF INTEREST AND MEMBERSHIP ON OTHER BOARDS. FORM 990, PART VI, SECTION B, LINE 15 THE HEADMASTER IS THE KEY MANAGEMENT OFFICIAL FOR THE SCHOOL, AND THE PROCESS FOR DETERMINING HIS COMPENSATION IS AS FOLLOWS: A) THE HEADMASTER MEETS WITH THE CHAIRMAN OF THE BOARD ON OR BEFORE MAY 15TH FOR A FORMAL REVIEW OF THE JUST-COMPLETED SCHOOL YEAR; B) ANY ADJUSTMENT OF THE HEADMASTER'S COMPENSATION IS DETERMINED AS A RESULT OF THIS REVIEW; AND C) THE ADJUSTMENT MUST BE APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD PRIOR TO JUNE 30TH. THE CHIEF FINANCIAL OFFICER IS THE KEY FINANCIAL OFFICER FOR THE SCHOOL, AND THE PROCESS FOR DETERMINING HIS COMPENSATION IS AS FOLLOWS: A) THE CHIEF FINANCIAL OFFICER MEETS WITH THE HEADMASTER ON OR BEFORE MAY 15TH FOR A FORMAL REVIEW OF THE JUST-COMPLETED SCHOOL YEAR; AND B) ANY ADJUSTMENT OF THE CHIEF FINANCIAL OFFICER'S COMPENSATION IS DETERMINED AS A RESULT OF THIS REVIEW. FORM 990, PART VI, SECTION C, LINE 19 UPON RECEIPT OF A WRITTEN REQUEST, AND WITH THE APPROVAL OF THE CHAIRMAN, HEADMASTER AND CHIEF FINANCIAL OFFICER, THE GOVERNING DOCUMENTS OF THE SCHOOL ARE MADE AVAILABLE FOR INSPECTION AT THE OFFICES OF THE SCHOOL.