2017-11-14T12:51:15-06:00 2017-06-30 570381582 ELLIOTT DAVIS LLC PLLC 629 MARKET STREET SUITE 100 CHATTANOOGA TN 37402 990 2016-07-01 620475682 GIRLS PREPARATORY SCHOOL INC GIRL 4236347600 205 ISLAND AVENUE CHATTANOOGA TN 37405 MR MARK VOSSKAMP CFO 4236347600 2017-11-13 1 SHELTON CHAMBERS P01479354 4237567100 104.129.204.101 2017-11-13 12:59:46 ES P 8952C564A0F74609299629A8B24823DF9D0B5C4B 4D4E6AAEE7EB817CA56A62D7802EC56661C32C08 2016 2017-02-10 21:41:12Z MR MARK VOSSKAMP 205 ISLAND AVENUE CHATTANOOGA TN 37405 17578350 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. 24 24 262 250 20387 9941 1303152 2157233 14866076 15123196 87290 85442 208379 120524 16464897 17486395 2592812 2590219 0 0 8545133 9297000 0 0 1472175 6648379 5943885 17786324 17831104 -1321427 -344709 57257886 60390311 21217926 19853244 36039960 40537067 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 12903504 2590219 15206906 GIRLS PREPARATORY SCHOOL IS AN INDEPENDENT COLLEGE PREPARATORY SCHOOL FOR GIRLS GRADES SIX THROUGH TWELVE WITH APPROXIMATELY 600 STUDENTS, OF WHICH APPROXIMATELY 38% RECEIVED FINANCIAL ASSISTANCE. DURING THE YEAR ENDED JUNE 30, 2017, GPS EDUCATED YOUNG WOMEN TO BE A STRONG FORCE IN THE GLOBAL COMMUNITY AND TO BE RECOGNIZED AS MODELS OF ACTIVE AND ETHICAL CITIZENSHIP. BASED ON RESEARCH THAT GIRLS LEARN BETTER IN A SINGLE-SEX ENVIRONMENT, PURSUE GREATER LEVELS OF EDUCATION, AND PURSUE CAREERS IN STEM FIELDS IN GREATER NUMBERS THAN GIRLS IN CO-ED SCHOOLS, OUR CURRICULUM FOCUSES ON THE CORE VALUES OF RESPECT, RESPONSIBILITY, DISCOVERY, AND EXCELLENCE. IN 2017, GPS GRADUATED 78 STUDENTS. 12903504 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 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 0 0 1 262 1 1 1 0 0 0 0 1 1 0 0 0 0 X 24 24 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 DR CHRISTINE B SMITH CHAIRMAN 5.00 X X 0 0 0 CLAIRE H MCVAY SECRETARY 2.00 X X 0 0 0 BRADLEY B COBB TREASURER 3.00 X X 0 0 0 DANNA BAILEY TRUSTEE 2.00 X 0 0 0 KERRI M BARTLETT TRUSTEE 2.00 X 0 0 0 CHARLIE BROCK TRUSTEE 1.00 X 0 0 0 BETSY B BROWN TRUSTEE 1.00 X 0 0 0 BLAIR B CANNON TRUSTEE 1.00 X 0 0 0 MARIE W CLEARY TRUSTEE 1.00 X 0 0 0 MELISSA W CURTIS TRUSTEE 1.00 X 0 0 0 JOHNEL A EVANS TRUSTEE 1.00 X 0 0 0 ELIZABETH B GRAHAM TRUSTEE 1.00 X 0 0 0 HOLLY L HARWELL TRUSTEE 3.00 X 0 0 0 JANE KLINE TRUSTEE 1.00 X 0 0 0 N CARTER NEWBOLD IV TRUSTEE 3.00 X 0 0 0 MICHELLE C RUEST TRUSTEE 1.00 X 0 0 0 LISA D SHANAHAN TRUSTEE 1.00 X 0 0 0 DR REBECCA STIMSON TRUSTEE 2.00 X 0 0 0 DR MARY P TANNER TRUSTEE 3.00 X 0 0 0 AMY TAYLOR TRUSTEE 1.00 X 0 0 0 CLAY WATSON 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 RANDY WILSON TRUSTEE 2.00 X 0 0 0 ROB TAYLOR TRUSTEE 1.00 X 0 0 0 DR AUTUMN A GRAVES HEAD OF SCHOOL 65.00 X X 242200 0 48122 MARK VOSSKAMP CFO 48.00 X 135000 0 13500 ELAINE MILAZZO MIDDLE SCHOOL HEAD OF SCHOOL 48.00 X 116585 0 11659 BILDA MARLEN ACUNA SMALL DIRECTOR OF STRATEGIC COMMUNICATIONS & MARKETING 48.00 X 118920 0 11892 ANGELA JOHNSON ASSISTANT HEAD OF SCHOOL FOR ADVANCEMENT 48.00 X 140000 0 14000 JENISE GORDON HEAD OF UPPER SCHOOL 48.00 X 101632 0 10163 854337 0 109336 6 0 1 0 SAGE DINING SERVICES 1402 YORK ROAD SUITE 100 LUTERVILLE MD 21093 FOOD SERVICE 644360 1 40143 2117090 1146579 2157233 TUITION AND FEES 611710 14275554 14275554 AUXILIARY PROGRAMS 611710 686830 686830 FEE REVENUE 611710 160812 160812 15123196 85442 20387 65055 63316 6447 56869 56869 56869 0 40143 20055 -20055 -20055 94731 65453 29278 29278 MISCELLANEOUS REVENUE 900099 54432 54432 54432 17486395 15206906 20387 101869 2590219 2590219 418565 209283 104641 104641 6911368 4223905 1893467 793996 493025 284669 150652 57704 939579 563063 262379 114137 534463 320288 149250 64925 40451 40451 54359 54359 205586 141362 64224 159456 159456 323704 243701 48002 32001 1098343 966542 98851 32950 89435 51665 23378 14392 283276 175122 46565 61589 574370 505446 51693 17231 964529 848785 86808 28936 98326 98326 DINING SERVICES 656026 591310 57624 7092 CLASSROOM/INSTRUCTIONAL 204116 204116 ATHLETICS 173461 173461 MEMBERSHIP FEES 67560 50670 10134 6756 950887 741803 137483 71601 17831104 12903504 3455425 1472175 2898646 3254517 841371 506392 119267 121246 91044 83701 517326 468334 46408449 21015712 25586839 25392737 27015544 30381556 98289 92268 89560 89560 57257886 60390311 704365 920652 1637441 1923468 14500000 14000000 4376120 3009124 21217926 19853244 X 22275895 25748679 3861354 4568779 9902711 10219609 36039960 40537067 57257886 60390311 X -344709 3474821 1366995 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12385873 1376827 1562034 617669 14707065 13235298 230303 -479216 600512 12385873 13035039 262659 529809 592209 13235298 10925372 398244 2314902 443521 159958 13035039 10051093 174933 1233110 403729 130035 10925372 0.06970 0.69290 0.23740 0 0 2591461 2591461 35016978 14313622 20703356 545388 266063 279325 3457660 2646265 811395 4796962 3789762 1007200 25392737 MULTI-STRATEGY HEDGE 5739712 F PRIVATE EQUITY FUNDS 1097862 F REAL ESTATE ASSETS 1292989 F ENERGY LIMITED PARTNERSHIP 1477106 F FIXED INCOME 1852798 F U.S. EQUITY 4087646 F INTERNATIONAL EQUITY 4194765 F EMERGING MARKETS 2436000 F OPPORTUNISTIC 1179264 F GLOBAL HEDGE 7023414 F 30381556 INTEREST RATE SWAP LIABILITIES 3009124 3009124 X 18397499 3474821 26502 3501323 14896176 2590219 2590219 17486395 15267387 26502 26502 15240885 2590219 2590219 17831104 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 6,447. FUNDRAISING EXPENSES 20,055. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID REPORTED AS AN EXPENSE ON 990 2,590,219. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 6,447. FUNDRAISING EXPENSES 20,055. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID REPORTED AS AN EXPENSE ON 990 2,590,219. 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. BRUISER BEE 40143 40143 20055 40143 40143 20055 20055 -20055 1 NEED-BASED FINANCIAL AID 230 2539819 FMV TUITION CREDIT MERIT SCHOLARSHIPS 2 50400 FMV TUITION CREDIT SCHEDULE I PART I LINE 2 ALL GRANTS OFFERED BY THE SCHOOL ARE APPLIED AS OFFSETS TO TUITION AND FEES AND THEREBY SATISFY ALL REQUIREMENTS TO BE USED FOR PROPER PURPOSES. X X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 DR AUTUMN A GRAVES HEAD OF SCHOOL 225000 0 10000 0 7200 0 48122 0 0 0 290322 0 0 0 ANGELA JOHNSON ASSISTANT HEAD OF SCHOOL FOR ADVANCE 140000 0 0 0 0 0 14000 0 0 0 154000 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 0 1 B 0 0 0 0 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 21 1146579 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 COMMITTE 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. 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 1,366,995. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS NOR ITS SELECTION PROCESS DURING THE TAX YEAR.