2015-01-27T14:40:22-06:00 2014-06-30 MAULDIN & JENKINS 537 MARKET STREET SUITE 300 CHATTANOOGA TN 374021239 990 2013-07-01 620475682 GIRLS PREPARATORY SCHOOL INC GIRL 4236347600 205 ISLAND AVENUE CHATTANOOGA TN 37405 ELIZABETH A THOMPSON CFO 4236347600 2015-01-12 1 REBECCA C FINGERLE P00971894 4237566133 2015-01-12 2013 2016-04-25 22:37:26Z DR AUTUMN A GRAVES 205 ISLAND AVENUE CHATTANOOGA TN 37405 15204820 0 X WWW.GPS.EDU X 1946 TN TO OPERATE AN ACCREDITED SECONDARY SCHOOL AND TO PROVIDE QUALITY PRIVATE SCHOOL EDUCATION FOR GIRLS IN GRADES SIX THROUGH TWELVE 25 25 217 250 5671 3744 1308948 1812170 12511756 12820900 237144 150228 221103 227802 14278951 15011100 2372448 2446868 0 0 8359500 8063536 39570 38150 899161 5136272 5573990 15907790 16122544 -1628839 -1111444 57172788 60322439 20626277 20704883 36546511 39617556 GIRLS PREPARATORY SCHOOL CREATES LEADERS BY ENGAGING THE MIND, STIMULATING THE SPIRIT, INSTILLING VALUES AND SELF-CONFIDENCE, AND CHALLENGING GIRLS TO RECOGNIZE THEIR MEMBERSHIP IN THE GLOBAL COMMUNITY. 0 0 12156890 2446868 12889942 GIRLS PREPARATORY SCHOOL IS AN INDEPENDENT COLLEGE PREPARATORY SCHOOL FOR GIRLS WITH APPROXIMATELY 585 STUDENTS IN GRADES SIX THROUGH TWELVE, OF WHICH APPROXIMATELY 40% RECEIVED FINANCIAL ASSISTANCE. DURING THE YEAR ENDED JUNE 30, 2014, 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 2014, WE GRADUATED 96 STUDENTS. 12156890 1 1 0 0 0 0 0 0 0 1 1 1 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 0 0 0 0 1 0 0 0 0 0 0 0 0 1 31 0 1 217 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 TN CA X X ELIZABETH A THOMPSON 4236347632 205 ISLAND AVENUE CHATTANOOGA TN 37415 ASHLEY AVERETT TRUSTEE 1.00 X 0 0 0 KERRI BARTLETT TRUSTEE 1.00 X 0 0 0 BLAIR B CANNON TRUSTEE 1.00 X 0 0 0 MARILYN S CENTER TRUSTEE 1.00 X 0 0 0 MARIE W CLEARY TRUSTEE 1.00 X 0 0 0 BRADLEY B COBB TRUSTEE 1.00 X 0 0 0 ANITA D DAVENPORT CHAIRMAN OF THE BOARD 1.00 X X 0 0 0 R FREDERICK DECOSIMO TRUSTEE 1.00 X 0 0 0 BETSY BROWN TRUSTEE 1.00 X 0 0 0 ELIZABETH B GRAHAM TRUSTEE 1.00 X 0 0 0 JODY JACKSON TRUSTEE 1.00 X 0 0 0 NATHAN C NEWBOLD TRUSTEE 1.00 X 0 0 0 MICHELLE C RUEST TRUSTEE 1.00 X 0 0 0 WALTER K SANFORD TREASURER OF THE BOARD 1.00 X X 0 0 0 LISA D R SHANAHAN TRUSTEE 1.00 X 0 0 0 CHRISTINE B SMITH VICE-CHAIRMAN OF THE BOARD 1.00 X X 0 0 0 JOHN SPANN TRUSTEE 1.00 X 0 0 0 MARY P TANNER TRUSTEE 1.00 X 0 0 0 KAREN C WELBORN SECRETARY OF THE BOARD 1.00 X X 0 0 0 JANE KLINE TRUSTEE 1.00 X 0 0 0 CLAIRE H MCVAY TRUSTEE 1.00 X 0 0 0 RANDY WILSON TRUSTEE 1.00 X 0 0 0 HOLLY HARWELL TRUSTEE 1.00 X 0 0 0 MITCH PATEL TRUSTEE 1.00 X 0 0 0 SUSAN GROESBECK INTERIM HEAD OF SCHOOL 40.00 X 126023 0 15021 STANLEY R TUCKER FORMER HEADMASTER 40.00 X 483310 0 0 609333 0 15021 4 1 1 0 0 76755 1735415 176657 1812170 TUITION AND FEES 611000 12820900 12820900 12820900 90248 90248 28817 37 28780 28780 28780 62348 3487 0 5855 62348 -2368 59980 13929 46051 251146 76755 114533 136613 136613 4450 2825 1625 1625 98820 70470 28350 28350 MISCELLANEOUS INCOME 611110 40692 40692 UNRELATED BUSINESS INCOME 523000 -8258 -8258 32434 15011100 12889942 5671 303317 2446868 2446868 250000 187500 50000 12500 6159400 4065204 1724632 369564 1179641 778563 330300 70778 474495 313167 132858 28470 19371 19371 190983 190983 38150 38150 4546 4546 104231 104231 127139 50856 69926 6357 191659 143744 47915 885775 785417 75379 24979 164115 149158 14957 99280 74460 19856 4964 698412 619282 59435 19695 984413 872879 83774 27760 137485 137485 UNRELATED BUSINESS INCO 575 575 ACADEMICS 741215 741215 FOOD SERVICES 532814 532814 OTHER ADMINISTRATIVE EX 231873 231100 773 460104 258278 25843 175983 16122544 12156890 3066493 899161 550 970 1766562 2774458 315505 373092 112789 78494 125000 0 103156 139523 433098 486479 44135344 18185407 26758547 25949937 1587463 1461177 25769771 28863689 110787 105060 89560 89560 57172788 60322439 1066719 879997 1109443 1815528 16000000 15500000 2450115 2509358 20626277 20704883 X 24663495 25921676 2470026 4171117 9412990 9524763 36546511 39617556 57172788 60322439 X -1111444 4325949 -143460 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10925372 398244 2314902 443521 159958 13035039 10051093 174933 1233110 403729 130035 10925372 10013784 58599 472026 454903 38413 10051093 9115985 261396 1654754 409447 608904 10013784 7918950 261258 1252965 229390 87798 9115985 0.00000 0.72230 0.27770 0 0 2591461 2591461 32954778 11782060 21172718 2869225 2269980 599245 5719880 4133367 1586513 25949937 MULTI-STRATEGY HEDGE FUNDS 6654245 F FIXED INCOME FUNDS 951505 F REAL ESTATE FUNDS 1531259 F PRIVATE EQUITY FUNDS 1240579 F INTERNATIONAL EQUITY 3740459 F U.S. EQUITY 3949611 F EMERGING MARKETS 2511428 F OPPORTUNISTIC 828528 F GLOBAL HEDGE 7456075 F 28863689 FMV OF INTEREST RATE SWAP AGREEMENT 2509358 2509358 X 16746398 4325949 4325949 12420449 4546 2586105 2590651 15011100 13531893 37 37 13531856 4546 2586142 2590688 16122544 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 SCHOOLS NON-TAXABLE STATUS WOULD NOT HAVE A MATERIAL EFFECT ON THE SCHOOLS FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE SCHOOL IS NO LONGER SUBJECT TO TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2011. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH TUITION REVENUE ON FINANCIAL STATEMENTS 2,446,868. LOSS ON SALE OF FIXED ASSETS -2,368. EXPENSES OF SUMMER PROGRAM NETTED WITH REVENUE ON FINANCIAL STATEMENTS 141,642. RENTAL EXPENSES NETTED WITH REVENUE ON 990 -37. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH RENTAL INCOME ON 990 37. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,446,868. LOSS ON SALE OF FIXED ASSETS -2,368. EXPENSES OF SUMMER PROGRAM NETTED WITH REVENUE ON FINANCIAL STATEMENTS 141,642. 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. X X X X X X 1 FUND-RAISING & MANAGEMENT COUNSEL SUITE 202 125 OLD GREENVILLE HWY CLEMSON SC 29631 PHONATHON 0 150908 38150 112758 150908 38150 112758 TN VISIONS 327901 76755 251146 8911 14310 9767 81545 327901 76755 251146 8911 14310 9767 81545 114533 136613 4450 2825 1 0.75000 4450 2825 2825 1625 TN 1 0 1 0 0.00000 1.00000 DONALD E MORTON 832 GEORGIA AVENUE CHATTANOOGA TN 37402 0 KENDALL JACOBS 420 SPECIAL EVENTS COORDINATOR X 1 1 NEED-BASED FINANCIAL AID 241 0 2403134 FMV TUITION CREDIT MERIT SCHOLARSHIPS 3 0 26550 FMV TUITION CREDIT LAPTOP COMPUTERS 39 0 17184 FMV PURCHASE OF LAPTOPS 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 1 0 0 0 0 0 0 0 0 STANLEY R TUCKER FORMER HEADMASTER 483310 0 0 0 0 0 0 0 0 0 483310 0 0 0 PART I, LINE 4A STANLEY TUCKER, $321,001. FORM 990, SCHEDULE J, PART 1, LINE 1A: AS PART OF THE HEAD OF SCHOOL'S CONDITIONS OF EMPLOYMENT, SHE IS REQUIRED TO LIVE ON CAMPUS IN A RESIDENCE PROVIDED TO HER BY THE SCHOOL. CERTAIN ADMINISTRATORS HAVE DISCRETIONARY SPENDING ACCOUNTS. THESE ACCOUNTS ARE TO BE USED FOR SCHOOL-RELATED EXPENDITURES AS SEEN FIT BY THE ADMINISTRATOR AND HEAD OF SCHOOL. RELATIVE TO THE RESIDENCE PROVIDED TO THE HEAD OF SCHOOL, THE SCHOOL PROVIDES CERTAIN PERSONAL SERVICES FOR THE MAINTENANCE AND CARE OF THE RESIDENCE, SUCH AS CLEANING, LANDSCAPING, ETC. THE FORMER HEAD OF SCHOOL, STANLEY R. TUCKER WAS PAID $321,001 IN POST SEVERANCE PAY AND $4,209 IN MOVING EXPENSES A HEALTH EDUCATIONAL AND HOUSING 521298872 2009-12-01 17500000 CONSTRUCTION OF SCHOOL BUILDING 0 0 0 A 2000000 17500000 17500000 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 1 1 1 SUNTRUST BANK 23.000000000000 0 0 0 0 0 A 0 X 15 66357 FMV X 1 110300 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE COMMITTEE REVIEWS AN ELECTRONIC COPY OF THE 990. THE 990 IS ALSO MADE AVAILABLE ELECTRONICALLY TO THE FULL BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C THE COMMITTEE ON TRUSTEES REQUIRES A CONFLICT OF INTEREST FORM TO BE COMPLETED BY ALL TRUSTESS ON AN ANNUAL BASIS. 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 AVAILABLE UPON REQUEST AT THE BUSINESS OFFICE AND POSTED ON GUIDESTAR. FORM 990, PART XI, LINE 9: DECREASE IN INTEREST RATE SWAP LIABILITY -143,460. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS NOR ITS SELECTION PROCESS DURING THE TAX YEAR.