2020-11-16T08:25:24-06:00 2020-06-30 570381582 ELLIOTT DAVIS LLCPLLC 629 MARKET STREET SUITE 100 CHATTANOOGA TN 37402 990 2019-07-01 620475682 GIRLS PREPARATORY SCHOOL INC GIRL 4236347600 205 ISLAND AVENUE CHATTANOOGA TN 37405 MR MARK VOSSKAMP CFO 4236347600 2020-11-10 1 REBECCA C SHOEMAKE P01600585 4237567100 2020-11-10 104.129.204.59 2020-11-10 08:26:57 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 3139BFD62538AA5753EF8DE2D75390A254F2CCB0 2019 2021-01-29 14:40:06Z MR MARK VOSSKAMP 205 ISLAND AVENUE CHATTANOOGA TN 37405 26166721 0 X WWW.GPS.EDU X 1906 TN TO OPERATE AN ACCREDITED SECONDARY SCHOOL AND TO PROVIDE QUALITY PRIVATE SCHOOL EDUCATION FOR GIRLS IN GRADES SIX THROUGH TWELVE. 24 24 297 250 31342 30342 1562117 1478690 16759438 17642366 455010 207152 182020 266909 18958585 19595117 3018255 3258176 0 0 10056882 10232024 0 0 1174938 7105012 6374712 20180149 19864912 -1221564 -269795 58902143 57361303 18159482 17123085 40742661 40238218 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 14543752 3258176 17639606 GIRLS PREPARATORY SCHOOL (GPS) 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 FISCAL YEAR 2019, GPS GRADUATED 74 STUDENTS. 14543752 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 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 86 0 1 297 1 1 1 0 0 0 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 1 0 TN CA X X MARK VOSSKAMP 4236347632 205 ISLAND AVENUE CHATTANOOGA TN 37405 DR AUTUMN A GRAVES HEAD OF SCHOOL 65.00 X 356087 0 53989 MARK VOSSKAMP CFO 48.00 X 149471 0 14680 BILDA MARLEN ACUNA SMALL DIR OF STRATEGIC COMMUNICA 48.00 X 144939 0 14374 JENISE GORDON HEAD OF UPPER SCHOOL 48.00 X 128625 0 12612 LYNNE MACZIEWSKI HEAD OF MIDDLE SCHOOL 48.00 X 125307 0 12411 JAMES WATTS ATHLETIC DIRECTOR 48.00 X 116364 0 11516 ALI GANT CHIEF DEVELOPMENT OFFICER 48.00 X 106921 0 14374 DANNA BAILEY TRUSTEE 1.00 X 0 0 0 CAROLINE CAULKINS BENTLEY TRUSTEE 1.00 X 0 0 0 GLENN BREAZEALE TRUSTEE 1.00 X 0 0 0 CHARLIE BROCK TRUSTEE 1.00 X 0 0 0 R ALLEN COFFMAN JR MD TRUSTEE 1.00 X 0 0 0 MELISSA WODDALL CURTIS TRUSTEE 1.00 X 0 0 0 ASHLEY ROWLAND DAVENPORT TRUSTEE 1.00 X 0 0 0 STACY EISELSTEIN TRUSTEE 1.00 X 0 0 0 JOHNEL ANGEL EVANS TRUSTEE 1.00 X 0 0 0 AIMEE OWINGS HARVEY TRUSTEE 1.00 X 0 0 0 CRAIG HOLLEY TRUSTEE 1.00 X 0 0 0 MARCLYN PORTER TRUSTEE 1.00 X 0 0 0 DORI THORTON WALLER TRUSTEE 1.00 X 0 0 0 MARY MONCURE WATSON TRUSTEE 1.00 X 0 0 0 KAREN WELBORN TRUSTEE 1.00 X 0 0 0 REBECCA STIMSON BOARD CHAIR 5.00 X 0 0 0 CLAY WATSON VICE CHAIR 5.00 X 0 0 0 AMY THOMAS TREASURER 5.00 X 0 0 0 KERRI MARTIN BARTLETT SECRETARY 5.00 X 0 0 0 ALLISON COWAN CARROLL RISK COMITTEE CHAIR 2.00 X 0 0 0 BEN VANCE ENDOWMENT COMMITTEE CHAIR 2.00 X 0 0 0 HOLLY LYNCH HARWELL PAST BOARD CHAIR 2.00 X 0 0 0 JEFF BURNS CO-CHAIR IMPACT FUND 2.00 X 0 0 0 AMY ARROWSMITH COMMUNITY WORKING GROUP CO-CHAIR 2.00 X 0 0 0 MICHELLE C RUEST BUILDINGS AND GROUNDS CHAIR 2.00 X 0 0 0 MARY TANNER HEAD SEARCH COMMITTEE CO-CHAIR 2.00 X 0 0 0 JENNIFER KLINE DEVELOPMENT COMITTEE CHAIR 2.00 X 0 0 0 1127714 0 133956 7 0 1 0 SAGE DINING SERVICES 1402 YORK ROAD SUITE 100 LUTERVILLE MD 21093 FOOD SERVICE 581811 1 1478690 61926 1478690 TUITION AND FEES 611710 14569281 14569281 AUXILIARY PROGRAMS 611710 2953359 2953359 FEE REVENUE 611710 119726 119726 17642366 223517 31342 192175 64656 2790 61866 61866 61866 6497246 6513611 -16365 -16365 -16365 195501 36444 159057 159057 64745 18759 45986 45986 19595117 17688352 31342 396733 3258176 3258176 391329 195665 97832 97832 7540071 4801484 2349830 388757 524153 317783 160689 45681 1214765 736486 372409 105870 561706 353901 160110 47695 104040 104040 78045 78045 161842 96918 64924 193821 193821 510475 469375 30140 10960 1098805 933984 120869 43952 64886 26639 21035 17212 312609 190899 43547 78163 395913 336526 43550 15837 1035974 880578 113957 41439 110807 110807 DINING SERVICES 560726 541676 13252 5798 CLASSROOM/INSTRUCTIONAL 239835 239835 0 0 ATHLETICS 168579 168579 0 0 TRANSPORTATION 83569 83569 0 0 1254786 814776 229192 210818 19864912 14543752 4146222 1174938 2172004 1386752 299960 119076 153766 158060 71387 106758 261645 281442 48829197 23996227 24714934 24832970 30707849 29964659 520598 511586 58902143 57361303 3182493 3247110 2111719 1500381 12865270 12375594 18159482 17123085 X 25927682 26087475 14814979 14150743 40742661 40238218 58902143 57361303 -269795 -231858 -2790 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15464071 494163 -28620 181644 15747970 15512708 130907 628413 807957 15464071 14707065 815525 653883 663765 15512708 12385873 1376827 1562034 617669 14707065 13235298 230303 -479216 600512 12385873 0.10140 0.69560 0.20300 0 0 2591461 2591461 36373732 16343625 20030107 545388 303797 241591 3956420 3021567 934853 5362196 4327238 1034958 24832970 MULTI-STRATEGY HEDGE 1042670 F PRIVATE EQUITY FUNDS 1306062 F REAL ESTATE ASSETS 1034926 F FIXED INCOME 3396824 F U.S. EQUITY 2195392 F INTERNATIONAL EQUITY 8734909 F EMERGING MARKETS 792734 F OPPORTUNISTIC 1155472 F GLOBAL HEDGE 4757463 F HYBRID STRATEGY 46927 F SEPARATELY MANAGE ACCOUNT 1412594 F INDEX FUNDS 3844413 F CASH AND EQUIVALENTS 244273 F 29964659 X 16026730 -231873 35244 -196629 16223359 78045 3293713 3371758 19595117 16532388 39234 39234 16493154 78045 3293713 3371758 19864912 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 IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND RELEVANT STATE REGULATIONS. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE SCHOOL'S TAX-EXEMPT PURPOSE ARE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES SHOWN NET OF REVENUE 36,444. LOSS ON DISPOSAL OF ASSET -1,200. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID REPORTED AS AN EXPENSE ON 990 3,293,713. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 2,790. FUNDRAISING EXPENSES SHOWN NET OF REVENUE 36,444. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID REPORTED AS AN EXPENSE ON 990 3,293,713. 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) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM INVESTMENTS 3916229 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, INVESTMENTS 2870727 0 0 0 0 0 0 6786956 0 6786956 0 0 0 0 0 0 PART III ACCOUNTING METHOD: BRUISER BEE 195501 195501 36444 195501 195501 36444 36444 159057 1 MERIT SCHOLARSHIPS 4 35537 TUITION CREDIT NEED-BASED FINANCIAL AID 239 3258176 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 X 0 0 0 0 0 0 0 0 0 DR AUTUMN A GRAVES HEAD OF SCHOOL 338887 0 10000 0 7200 0 53989 0 0 0 410076 0 0 0 MARK VOSSKAMP CFO 146971 0 1300 0 1200 0 14680 0 0 0 164151 0 0 0 BILDA MARLEN ACUNA SMALL DIR OF STRATEGIC COMMUNICA 143739 0 0 0 1200 0 14374 0 0 0 159313 0 0 0 PART I, LINE 1A AS A 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. 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 55938 10000000 0 0 1 1 B 500000 5000000 55938 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 0 0 SUNTRUST BANK 17.000000000000 0 0 0 0 0 A 0 B 0 X 4 61926 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 BOARD OF 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 15 THE EXECUTIVE COMMITTEE OF THE BOARD DOES A TRIENNIAL REVIEW OF THE HEAD'S CONTRACT (HEAD OF SCHOOL ("HOS") IS ON THREE YEAR AGREEMENTS.) EACH CONTRACT INCLUDES ANNUAL PAY ADJUSTMENTS FOR THE TERM OF THE CONTRACT AND AGREED-UPON MEASURES OF PERFORMANCE. DATA EVALUATED COME FROM INDEX, NAIS AND 990 TAX FILINGS OF COMPARABLE SCHOOLS. REVIEW INCLUDES AN EVALUATION OF THE COMPENSATION AT VARIOUS SIMILAR INSTITUTIONS (IN-MARKET COMPARABLES AND OUT-OF-MARKET COMPS ADJUSTED FOR MARKET DYNAMICS), MULTI-YEAR TRENDS IN THE INDUSTRY AND CONSIDERATION OF PERFORMANCE EVALUATION AND WORK EXPERIENCE. FINAL AGREEMENT IS DETERMINED BY TRUSTEES. ALL OTHER EMPLOYEE CONTRACTS, INCLUDING TOP MANAGERS, ARE EVALUATED ON AN ANNUAL BASIS BY THE HEAD OF SCHOOL WITH CONSULTATION OF HR AND CFO. INITIAL COMPENSATION FOR TOP MANAGEMENT IS BASED ON REVIEW OF COMPARABLE COMPENSATION AND IN-MARKET AND OUT-OF-MARKET COMPARABLE SCHOOLS, WHICH PROVIDE A REASONABLE RANGE OF VALUES FOR A POSITION. WITHIN THIS RANGE, CONSIDERATION OF EXPERIENCE AND UNIQUE FACTORS (OF THE POSITION AND/OR OF THE CANDIDATE) ARE CONSIDERED IN NEGOTIATION WITH A CANDIDATE UPON HIRE. ON ANNUAL BASIS, BUDGET AVAILABILITY FOR ALL SALARY INCREASES IS A FIRST CONSIDERATION FOR ALL EMPLOYEES; BASED ON BUDGETED FUNDS AVAILABLE, DISTRIBUTION AMONG INDIVIDUAL EMPLOYEES IS DETERMINED BY SALARY SCALES, EXPERIENCE, PERFORMANCE AND HOS DISCRETION. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST TO THE HEAD OF SCHOOL. PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS NOR ITS SELECTION PROCESS DURING THE TAX YEAR.