2019-01-14T12:35:57-06:00 2018-06-30 570381582 ELLIOTT DAVIS LLCPLLC 629 MARKET STREET SUITE 100 CHATTANOOGA TN 37402 990 2017-07-01 620475682 GIRLS PREPARATORY SCHOOL INC GIRL 4236347600 205 ISLAND AVENUE CHATTANOOGA TN 37405 MR MARK VOSSKAMP CFO 4236347600 2018-12-20 1 SHELTON CHAMBERS P01479354 4237567100 2018-12-19 104.129.204.56 2018-12-20 13:38:17 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 B856E6A0528D3DE198ECD1D2703E8AF5CFCF2A3D 2017 2019-02-21 02:37:17Z MR MARK VOSSKAMP 205 ISLAND AVENUE CHATTANOOGA TN 37405 73208430 0 X WWW.GPS.EDU X 1945 TN TO OPERATE AN ACCREDITED SECONDARY SCHOOL AND TO PROVIDE QUALITY PRIVATE SCHOOL EDUCATION FOR GIRLS IN GRADES SIX THROUGH TWELVE. 23 23 312 250 142319 42266 2157233 1335926 15123196 16244658 85442 -731577 120524 98377 17486395 16947384 2590219 2918572 0 0 9297000 9988464 0 0 933012 5943885 6480584 17831104 19387620 -344709 -2440236 60298043 59470366 19760976 18432758 40537067 41037608 GIRLS PREPARATORY SCHOOL INSPIRES EACH GIRL TO LEAD A LIFE OF INTEGRITY AND PURPOSE BY ENGAGING HER MIND, CULTIVATING HER STRENGTHS, AND NURTURING HER SELF-CONFIDENCE AND RESPECT FOR OTHERS. 0 0 14191499 2918572 16279477 GIRLS PREPARATORY SCHOOL IS AN INDEPENDENT COLLEGE PREPARATORY SCHOOL FOR GRADES SIX THROUGH TWELVE WITH APPROXIMATELY 600 STUDENTS, OF WHICH APPROXIMATELY 40% RECEIVED FINANCIAL ASSISTANCE. GPS INSPIRES EACH GIRL TO LEAD A LIFE OF INTEGRITY AND PURPOSE BY ENGAGING HER MIND, CULTIVATING HER STRENGHTHS, AND NURTURING HER SELF-CONFIDENCE AND RESPECT FOR OTHERS. IT DOES SO BY FOCUSING ON ITS VALUES OF HONOR, RESPECT, CURIOSITY, INDIVIDUALITY, AND RELATIONSHIPS. IN 2018, GPS GRADUATED 102 STUDENTS. 14191499 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 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 45 0 1 312 1 1 1 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 TN CA X X MARK VOSSKAMP 4236347632 205 ISLAND AVENUE CHATTANOOGA TN 37405 AMY ARROWSMITH TRUSTEE 1.00 X 0 0 0 STACY EISELSTEIN TRUSTEE 1.00 X 0 0 0 DANNA BAILEY TRUSTEE 1.00 X 0 0 0 KERRI M BARTLETT TRUSTEE 1.00 X 0 0 0 CHARLIE BROCK TRUSTEE 1.00 X 0 0 0 BETSY B BROWN TRUSTEE 2.00 X 0 0 0 MARIE W CLEARY TRUSTEE 1.00 X 0 0 0 MELISSA W CURTIS TRUSTEE 3.00 X 0 0 0 JOHNEL A EVANS TRUSTEE 1.00 X 0 0 0 YANCY E FREEMAN TRUSTEE 1.00 X 0 0 0 HOLLY L HARWELL BOARD CHAIR 5.00 X X 0 0 0 JANE KLINE TRUSTEE 1.00 X 0 0 0 N CARTER NEWBOLD IV TRUSTEE 2.00 X 0 0 0 MICHELLE C RUEST TRUSTEE 2.00 X 0 0 0 ANNETTE SMITH TRUSTEE 1.00 X 0 0 0 DR REBECCA STIMSON TRUSTEE 3.00 X 0 0 0 DR MARY P TANNER TRUSTEE 3.00 X 0 0 0 BEN VANCE TRUSTEE 1.00 X 0 0 0 MARY MONCURE WATSON TRUSTEE 1.00 X 0 0 0 THAD WHITFIELD TRUSTEE 1.00 X 0 0 0 AMY THOMAS TRUSTEE 1.00 X 0 0 0 DR CHRISTINE B SMITH TRUSTEE 3.00 X 0 0 0 BLAIR B CANNON SECRETARY 2.00 X X 0 0 0 CLAY WATSON TREASURER 3.00 X X 0 0 0 DR AUTUMN A GRAVES HEAD OF SCHOOL 65.00 X 254618 0 62312 MARK VOSSKAMP CFO 48.00 X 124962 0 14876 ELAINE MILAZZO DIRECTOR OF LEARNING INNOVATION 48.00 X 112419 0 13010 BILDA MARLEN ACUNA SMALL DIRECTOR OF STRATEGIC COMM 48.00 X 103029 0 13247 ANGELA JOHNSON ASSISTANT HEAD OF SCHOOL F 48.00 X 130989 0 14182 726017 0 117627 5 0 1 0 SAGE DINING SERVICES 1402 YORK ROAD SUITE 100 LUTERVILLE MD 21093 FOOD SERVICE 644360 1 1335926 42465 1335926 TUITION AND FEES 611710 14930013 14930013 AUXILIARY PROGRAMS 611710 1152691 1152691 FEE REVENUE 611710 161954 161954 16244658 143581 142319 1262 42689 6738 35951 35951 35951 55218356 6001 56083194 16321 -864838 -10320 -875158 -875158 110563 82145 28418 28418 5420 6231 -811 -811 101236 66417 34819 34819 16947384 16279477 142319 -810338 2918572 2918572 374812 187406 93703 93703 7476160 4655054 2439023 382083 528163 312751 172803 42609 1041280 616593 340683 84004 568049 350371 172681 44997 48013 48013 65747 65747 39449 39449 197661 119498 78163 189925 189925 528798 468268 47079 13451 1129784 926423 158170 45191 103628 55330 34968 13330 324719 161158 50550 113011 601335 493095 84187 24053 984283 807112 137800 39371 94751 94751 DINING SERVICES 647717 616121 24136 7460 ATHLETICS 258168 258168 CLASSROOM/INSTRUCTIONAL 254030 254030 TRANSPORTATION 79506 79506 933070 841616 139868 -48414 19387620 14191499 4263109 933012 1 3254517 1532604 506392 361622 121246 102365 83701 81892 468334 399346 47155958 21960782 25392737 25195176 30381556 31362707 89560 434653 60298043 59470366 920652 1153933 1923468 1657371 13907732 13413753 3009124 2207701 19760976 18432758 X 25748679 26574029 4568779 4069055 10219609 10394524 40537067 41037608 60298043 59470366 X -2440236 2139355 801422 X X 0 1 X 1 0 X 14707065 815525 653883 663765 15512708 12385873 1376827 1562034 617669 14707065 13235298 230303 -479216 600512 12385873 13035039 262659 529809 592209 13235298 10925372 398244 2314902 443521 159958 13035039 0.10260 0.66910 0.22830 0 0 2591461 2591461 35240362 14957300 20283062 545388 278028 267360 3720263 2765267 954996 5058484 3960187 1098297 25195176 MULTI-STRATEGY HEDGE 582905 F PRIVATE EQUITY FUNDS 1262191 F REAL ESTATE ASSETS 1304292 F FIXED INCOME 3166994 F U.S. EQUITY 1998638 F INTERNATIONAL EQUITY 8760118 F EMERGING MARKETS 1195523 F OPPORTUNISTIC 1473751 F GLOBAL HEDGE 1901942 F HYBRID STRATEGY 999916 F SEPARATELY MANAGE ACCOUNT 1543925 F INDEX FUNDS 4191427 F CASH AND EQUIVALENTS 2981085 F 31362707 INTEREST RATE SWAP LIABILITIES 2207701 2207701 X 17025252 2139355 896534 3035889 13989363 39449 2918572 2958021 16947384 16524713 95114 95114 16429599 39449 2918572 2958021 19387620 PART V, LINE 4: THE SCHOOL'S ENDOWMENT FUNDS ARE TO BE USED TO SUPPLEMENT THE ANNUAL OPERATING BUDGET OF THE SCHOOL, FOR USE IN FINANCIAL AID AWARDS AND DEBT SERVICE. WHERE EXPLICIT DONOR STIPULATIONS ARE IN PLACE FOR PERMANENTLY RESTRICTED ENDOWED FUNDS, THOSE MONIES WILL BE ALLOCATED TO THE AREAS SPECIFICALLY IDENTIFIED BY THE DONOR. PART X, LINE 2: THE SCHOOL ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH INCOME TAX ACCOUNTING GUIDANCE IN ASC TOPIC 740. THE SCHOOL FOLLOWS THE STATUTORY REQUIREMENTS FOR ITS INCOME TAX ACCOUNTING AND GENERALLY AVOIDS RISKS ASSOCIATED WITH POTENTIALLY PROBLEMATIC TAX POSITIONS THAT MAY BE CHALLENGED UPON EXAMINATION. MANAGEMENT BELIEVES ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING ADDITIONAL INCOME TAXES FROM ACTIVITIES DEEMED TO BE UNRELATED TO THE SCHOOL'S NON-TAXABLE STATUS WOULD NOT HAVE A MATERIAL EFFECT ON THE SCHOOL'S FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 6,738. FUNDRAISING EXPENSES SHOWN NET OF REVENUE 82,145. CHANGE IN FV OF INTEREST RATE SWAP 801,420. GAMING EXPENSES SHOWN NET OF REVENUE 6,231. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID REPORTED AS AN EXPENSE ON 990 2,918,572. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 6,738. FUNDRAISING EXPENSES SHOWN NET OF REVENUE 82,145. GAMING EXPENSES SHOWN NET OF REVENUE 6,231. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID REPORTED AS AN EXPENSE ON 990 2,918,572. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLISHES ITS RACIALLY NONDISCRIMINATORY POLICY IN ALL OF ITS MARKETING MATERIALS. EUROPE (INCLUDING ICELAND & GREENLAND) INVESTMENTS 5000000 0 0 0 0 0 0 5000000 0 5000000 1 0 0 0 0 0 MAD, BAD, AND DANGEROUS 19327 19327 28790 BRUISER BEE 91236 91236 53355 110563 110563 82145 82145 28418 5420 2710 950 2571 0 5420 2710 950 2571 6231 -811 TN 1 0 1 1 1.00000 MARK VOSSKAMP 205 ISLAND AVENUE CHATTANOOGA TN 37405 0 0 1 NEED-BASED FINANCIAL AID 241 2885490 FMV TUITION CREDIT LAPTOP COMPUTER AID PROGRAM 61 17345 FMV TUITION CREDIT PART I, LINE 2: ALL GRANTS OFFERED BY THE SCHOOL ARE APPLIED AS OFFSETS TO TUITION AND FEES AND THERBY SATISFY ALL REQUIREMENTS TO BE USED FOR PROPER PURPOSES X X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 DR AUTUMN A GRAVES HEAD OF SCHOOL 244618 0 10000 0 0 0 55112 0 7200 0 316930 0 0 0 PART I, LINE 1A THE SCHOOL PROVIDES HOUSING AND CERTAIN PERSONAL SERVICES RELATED TO THE MAINTENANCE AND CARE OF THE RESIDENCE AS PART OF THE HEAD OF SCHOOL'S EMPLOYMENT. THIS IS PROVIDED FOR THE CONVENIENCE OF THE EMPLOYER SO THAT THE HEAD OF SCHOOL CAN PERFORM ESSENTIAL SCHOOL BUSINESS AND ACTIVITIES AT THE HOME. IN ADDITION, CERTAIN ADMINISTRATORS ARE PROVIDED WITH DISCRETIONARY SPENDING ACCOUNTS. THESE ACCOUNTS ARE TO BE USED FOR SCHOOL-RELATED EXPENDITURES AS SEEN FIT BY THE ADMINISTRATOR AND THE HEAD OF SCHOOL. A HEALTH EDUCATIONAL AND HOUSING FACILITY BOARD OF THE CITY OF CHATTANOOGA 521298872 NONEAVAIL 2015-08-06 10000000 CONSTRUCTION OF SCHOOL BUILDING 0 0 0 B HEALTH EDUCATIONAL AND HOUSING FACILITY BOARD OF THE CITY OF CHATTANOOGA 521298872 NONEAVAIL 2015-08-24 5000000 CONSTRUCTION OF SCHOOL BUILDING 0 0 0 A 500000 10000000 10000000 0 0 1 1 B 500000 5000000 5000000 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 1 1 1 SUNTRUST BANK 17.000000000000 0 0 0 0 0 B 1 1 1 SUNTRUST BANK 17.000000000000 0 0 0 0 0 A 0 B 0 X 12 42465 FAIR MARKET VALUE 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE REVIEWS AND APPROVES THE FULL 990 PRIOR TO FILING. A COMPLETE COPY OF THE 990 IS MADE AVAILABLE TO THE FULL BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE COMMITTEE ON TRUSTEES REQUIRES A CONFLICT OF INTEREST FORM TO BE COMPLETED BY ALL TRUSTEES ON AN ANNUAL BASIS. IN THE EVENT OF A CONFLICT, THE COMMITTEE WILL CONSIDER THE NATURE OF THE CONFLICT, AND IF WARRANTED, THE INDIVIDUAL IS ASKED TO RECUSE HIM/HERSELF FROM DISCUSSION AND VOTING. ALTERNATIVELY, IF THERE IS A POTENTIAL BUSINESS CONFLICT, BOARD OR COMMITTEE CHAIR MAY BE ASKED TO EVALUATE APPROPRIATENESS AND MANDATE CHANGE/DISCONTINUATION OF RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 15A THE HEAD OF SCHOOL'S COMPENSATION PACKAGE IS DETERMINED BY THE EXECUTIVE COMMITTEE USING INDUSTRY DATA AND BENCHMARKING, ALONG WITH 990S OF OTHER ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST TO THE HEAD OF SCHOOL. FORM 990, PART XI, LINE 9: CHANGE IN FMV OF SWAP 801,422. FORM 990, PART XII, LINE 2: THE FINANCE COMMITTEE REVIEWS AND APPROVES THE FINANCIAL STATEMENTS ANNUALLY, AND HAS FINAL APPROVAL OF THE SELECTION OF THE AUDITOR. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS NOR ITS SELECTION PROCESS DURING THE TAX YEAR.