2014-02-11T09:37:29-06:00 2013-06-30 580692043 MAULDIN & JENKINS LLC 537 MARKET STREET SUITE 300 CHATTANOOGA TN 374021239 990 2012-07-01 620475682 GIRLS PREPARATORY SCHOOL INC GIRL 4236347600 205 ISLAND AVENUE CHATTANOOGA TN 37405 ELIZABETH A THOMPSON 4236347632 2014-02-11 1 REBECCA C FINGERLE P00971894 4237566133 2014-02-04 2012 2015-11-30 17:44:51Z STANLEY R TUCKER 205 ISLAND AVENUE CHATTANOOGA TN 37405 18424220 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 24 24 205 250 13876 12751 1081113 1308948 12400221 12511756 189650 237144 180924 221103 13851908 14278951 2285887 2372448 0 0 7974758 8359500 38150 39570 878837 4965138 5136272 15263933 15907790 -1412025 -1628839 55997097 57172788 22231203 20626277 33765894 36546511 X TO OPERATE AN ACCREDITED SECONDARY SCHOOL AND TO PROVIDE QUALITY PRIVATE SCHOOL EDUCATION FOR GIRLS IN GRADES SIX THROUGH TWELVE 0 0 11328262 2372448 12250127 TO PROVIDE PRIVATE SCHOOL EDUCATION FOR GIRLS APPROXIMATELY 590 GIRLS SERVED 134200 207742 TO PROVIDE ACADEMIC, ATHLETIC, AND EDUCATIONAL SUMMER CAMP EXPERIENCES FOR GIRLS BETWEEN AGED 5-15 APPROXIMATELY 540 GIRLS SERVED 683630 49035 TO PROVIDE TRANSPORTATION AND MEALS FOR STUDENTS APPROXIMATELY 590 GIRLS SERVED. 11302 SPECIAL INTEREST PROGRAMS AND CAMPS TO PROVIDE ENRICHED EDUCATIONAL EXPERIENCE 35020 OTHER ANCILLARY REVENUE 46322 12146092 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 1 0 0 1 1 1 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 39 0 1 205 1 1 1 1 CJ 0 0 0 0 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 ELIZABETH A THOMPSON 4236347632 205 ISLAND AVENUE CHATTANOOGA TN 37415 ASHLEY AVERETT 1.00 X 0 0 0 WILLIAM P CONROY JR 1.00 X 0 0 0 BLAIR B CANNON 1.00 X 0 0 0 MARILYN S CENTER 1.00 X 0 0 0 MARIE W CLEARY 1.00 X 0 0 0 BRADLEY B COBB 1.00 X 0 0 0 ANITA D DAVENPORT 1.00 X X 0 0 0 R FREDERICK DECOSIMO 1.00 X 0 0 0 KENNETH J DEFOOR 1.00 X 0 0 0 ELIZABETH B GRAHAM 1.00 X 0 0 0 LAURA A LEACH 1.00 X 0 0 0 BARBARA M MCDONALD 1.00 X 0 0 0 JODY JACKSON 1.00 X 0 0 0 NATHAN C NEWBOLD 1.00 X 0 0 0 MICHELLE C RUEST 1.00 X 0 0 0 WALTER K SANFORD 1.00 X X 0 0 0 LISA D R SHANAHAN 1.00 X 0 0 0 CHRISTINE B SMITH 1.00 X X 0 0 0 JOHN SPANN 1.00 X 0 0 0 MARY P TANNER 1.00 X 0 0 0 KAREN C WELBORN 1.00 X X 0 0 0 JANE KLINE 1.00 X 0 0 0 CLAIRE H MCVAY 1.00 X 0 0 0 RANDY WILSON 1.00 X 0 0 0 STANLEY R TUCKER 40.00 X 251948 0 32713 THOMAS P HUDGINS 40.00 X 111513 0 11115 363461 0 43828 2 0 1 0 0 1308948 63051 1308948 TUITION AND FEES 611000 12250127 12250127 SUMMER PROGRAM 611000 207742 207742 TRANSPORTATION FEES 485410 49035 49035 APPLIED MUSIC PROGRAM 611000 4245 4245 WINTER CAMP 611000 607 607 12511756 52938 52938 22458 22332 126 126 126 4112993 2415 3927897 3305 185096 -890 184206 -2933 2043 185096 247438 90117 157321 157321 12020 4600 7420 7420 103468 97018 6450 6450 MISCELLANEOUS INCOME 611110 37953 37953 UNRELATED BUSINESS INCOME 523000 11833 11833 49786 14278951 12553226 13876 402901 2372448 2372448 616458 462343 123292 30823 6266522 4155107 1597639 513776 999667 569491 322357 107819 476853 476853 37577 37577 55407 55407 39570 39570 4686 4686 129738 129738 100427 94613 5814 186280 147229 39051 826375 727210 74374 24791 169046 144203 24843 80320 51222 26732 2366 711436 626064 64029 21343 1005885 885179 90530 30176 132080 78282 53798 UNRELATED BUSINESS INCO 616 616 ACADEMICS 671202 668101 3101 FOOD SERVICES 493650 493650 ADMISSIONS & DEVELOPMEN 210654 18034 115104 77516 320893 270676 50217 15907790 12146092 2882861 878837 10808 550 1661563 1703935 467202 315505 80157 112789 294044 125000 82618 103156 422195 433098 43985398 17226851 27507869 26758547 25264567 27419861 116514 110787 89560 89560 55997097 57172788 703491 1066719 1013454 1109443 16500000 16000000 4014258 2450115 22231203 20626277 X 22977186 24663495 1556611 2470026 9232097 9412990 33765894 36546511 55997097 57172788 X -1628839 2929529 1479927 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10051093 174933 1233110 403729 130035 0 10925372 10013784 58599 472026 454903 38413 0 10051093 9115985 261396 1654754 409447 608904 0 10013784 7918950 261258 1252965 229390 87798 0 9115985 9374015 427013 -1604707 259967 17404 0 7918950 0.00000 0.86150 0.13850 0 0 2591461 2591461 32926537 11121067 21805470 2831238 2144242 686996 5636162 3961542 1674620 26758547 MULTI-STRATEGY HEDGE FUNDS 4881852 F FIXED INCOME FUNDS 1720503 F REAL ESTATE FUNDS 2182173 F PRIVATE EQUITY FUNDS 980256 F CASH AND CASH EQUIVALENTS 62627 F INTERNATIONAL EQUITY 4242250 F U.S. EQUITY 4013446 F EMERGING MARKETS 2054951 F OPPORTUNISTIC 925254 F GLOBAL HEDGE 6356549 F 27419861 FMV OF INTEREST RATE SWAP AGREEMENT 2365898 CAPITAL LEASE LIABILITY 84217 2450115 X 16202338 2929529 1502258 4431787 11770551 2508400 2508400 14278951 13421721 22332 22332 13399389 2508401 2508401 15907790 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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 2009. PART XI, LINE 2D - OTHER ADJUSTMENTS: DECREASE IN INTEREST RATE SWAP LIABILITIES 1,479,926. RENTAL EXPENSES 22,332. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH TUITION REVENUE ON FINANCIAL STATEMENTS 2,372,448. LOSS ON SALE OF FIXED ASSETS -2,933. EXPENSES OF SUMMER PROGRAM NETTED WITH REVENUE ON FINANCIAL STATEMENTS 134,199. INVESTMENT MANAGEMENT FEES 4,686. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH RENTAL INCOME ON 990 22,332. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,372,448. LOSS ON SALE OF FIXED ASSETS -2,932. INVESTMENT MANAGEMENT FEES 4,686. EXPENSES OF SUMMER PROGRAM NETTED WITH REVENUE ON FINANCIAL STATEMENTS 134,199. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION 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 176596 38150 138446 176596 38150 138446 TN VISIONS 247438 247438 90117 247438 247438 90117 90117 157321 12020 4600 0 12020 4600 4600 7420 TN 1 0 1 0 0.00000 1.00000 DONALD E MORTON 832 GEORGIA AVENUE CHATTANOOGA TN 37402 0 ANN EVANS 256 SPECIAL EVENTS COORDINATOR X 1 7420 1 NEED-BASED FINANCIAL AID 240 0 2307828 FMV TUITION CREDIT MERIT SCHOLARSHIPS 2 0 41140 FMV TUITION CREDIT LAPTOP COMPUTERS 40 0 23480 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 X 1 1 X X X X 0 0 0 0 0 0 0 0 0 STANLEY R TUCKER 244047 0 0 0 7901 0 24729 0 7984 0 284661 0 0 0 SUPPLEMENTAL INFORMATION PART III PATT 1 LINE 1A: THE SCHOOL PROVIDES FOR SPOUSAL TRAVEL TO CERTAIN ADMINISTRATORS WHERE THE SPOUSE'S PRESENCE IS GENERALLY DESIRABLE. AS PART OF THE HEADMASTER'S CONDITIONS OF EMPLOYMENT, HE IS REQUIRED TO LIVE ON CAMPUS IN A RESIDENCE PROVIDED TO HIM 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 HEADMASTER. THE SCHOOL MAINTAINS MEMBERSHIPS TO TWO COUNTRY CLUBS. AS PART OF THE HEADMASTER'S JOB DUTIES, THE CLUBS ARE USED FOR DONOR CULTIVATION. A PORTION OF THE CLUB DUES ARE CONSIDERED TAXABLE TO THE EXTENT THAT THE MEMBERSHIPS ARE USED FOR PERSONAL USE. RELATIVE TO THE RESIDENCE PROVIDED TO THE HEADMASTER, THE SCHOOL PROVIDES CERTAIN PERSONAL SERVICES FOR THE MAINTENANCE AND CARE OF THE RESIDENCE, SUCH AS CLEANING, LANDSCAPING, ETC. A HEALTH EDUCATIONAL AND HOUSING 521298872 2009-12-01 17500000 CONSTRUCTION OF SCHOOL BUILDING 0 0 0 A 1000000 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 STANLEY R TUCKER ADVANCES TO PAY PREMIUMS ON LIFE INSURANCE X 175000 125000 0 1 1 125000 TERESA TUCKER SPOUSE OF KEY EMPLOYEE 23325 COMPENSATION 0 X 63051 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 FORM 990 WAS DISTRIBUTED TO THE BOARD OF TRUSTEES VIA AN INTERNET PORTAL 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 TRUSTESS ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15A THE HEADMASTER'S COMPENSATION PACKAGE IS DERTERMINED BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST AT THE BUSINESS OFFICE AND POSTED ON GUIDESTAR. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: DECREASE IN INTEREST RATE SWAP LIABILITY 1,479,926. ROUNDING 1. THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS NOR ITS SELECTION PROCESS DURING THE TAX YEAR.