2013-05-14T09:16:44-05:00 2012-06-30 620509553 HAZLETT LEWIS & BIETER PLLC 537 MARKET STREET SUITE 300 CHATTANOOGA TN 374021239 990 2011-07-01 620475682 GIRLS PREPARATORY SCHOOL INC GIRL 4236347632 205 ISLAND AVENUE CHATTANOOGA TN 37405 ELIZABETH A THOMPSON 4236347632 2013-05-13 1 REBECCA C FINGERLE P00971894 4237566133 2013-05-10 2011 2016-02-24 21:20:13Z STANLEY R TUCKER JR 205 ISLAND AVE CHATTANOOGA TN 37405 16716169 0 X WWW.GPS.EDU X 1946 TN TO OPERATE AN ACCREDITED SECONDARY SCHOOL AND TO PROVIDE QUALITY PRIVATE SCHOOL EDUCAITON FOR GIRLS IN GRADES SIX THROUGH TWELVE 25 25 202 250 4625 2920 1301800 1081113 12219200 12400221 795076 189650 178780 180924 14494856 13851908 2343954 2285887 0 0 7925312 7974758 37853 38150 777057 4881565 4965138 15188684 15263933 -693828 -1412025 60186235 55997097 22120727 22231203 38065508 33765894 X TO OPERATE AN ACCREDITED SECONDARY SCHOOL AND TO PROVIDE QUALITY PRIVATE SCHOOL EDUCAITON FOR GIRLS IN GRADES SIX THROUGH TWELVE 0 0 10353797 2285887 12190790 TO PROVIDE PRIVATE SCHOOL EDUCATION FOR GIRLS APPROXIMATELY 590 GIRLS SERVED 138110 151149 TO PROVIDE ACADEMIC, ATHLETIC, AND EDUCATIONAL SUMMER CAMP EXPERIENCES FOR GIRLS BETWEEN AGED 5-15 APPROXIMATELY 520 GIRLS SERVED 708685 50441 TO PROVIDE TRANSPORTATION AND MEALS FOR STUDENTS APPROXIMATELY 590 GIRLS SERVED 20767 SPECIAL INTEREST PROGRAMS AND CAMPS TO PROVIDE ENRICHED EDUCATIONAL EXPERIENCE. 13985 OTHER ANCILLARY REVENUE 34752 11200592 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 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 0 1 42 0 1 202 1 1 1 1 CJ 0 0 0 0 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 37405 ASHLEY AVERETT 1.00 X 0 0 0 SHEILA BOYINGTON 1.00 X 0 0 0 MARILYN S CENTER 1.00 X X 0 0 0 BRADLEY B COBB 1.00 X 0 0 0 WILLIAM P CONROY 1.00 X 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 LINDA R GRAYDON 1.00 X 0 0 0 JODY JACKSON 1.00 X 0 0 0 JANE KLINE 1.00 X 0 0 0 LAURA A LEACH 1.00 X X 0 0 0 BARBARA M MCDONALD 1.00 X 0 0 0 W SCOTT MCGINNESS 1.00 X 0 0 0 CLAIRE H MCVAY 1.00 X 0 0 0 MICHELLE C RUEST 1.00 X 0 0 0 WALTER K SANFORD 1.00 X 0 0 0 LISA D R SHANAHAN 1.00 X 0 0 0 CHRISTINE B SMITH 1.00 X 0 0 0 JOHN SPANN 1.00 X 0 0 0 JUDY STONE 1.00 X 0 0 0 MARY M WATSON 1.00 X 0 0 0 KAREN C WELBORN 1.00 X 0 0 0 RANDY WILSON 1.00 X 0 0 0 STANLEY R TUCKER 40.00 X 252514 0 29533 THOMAS P HUDGINS 40.00 X 107174 0 0 359688 0 29533 2 0 1 0 SAGE DINING SERVICES 1402 YORK RD SUITE 100 LUTHERVILLE MD 21093 FOOD SERVICE 619121 1 33100 1048013 349779 1081113 TUITION AND FEES 611000 12190790 12190790 SUMMER PROGRAM 611000 151149 151149 TRANSPORTATION FEES 485410 50441 50441 APPLIED MUSIC PROGRAM 611000 5745 5745 WINTER CAMP 611000 2096 2096 12400221 109687 109687 26918 3606 23312 23312 23312 2789183 19796 2711224 17792 77959 2004 79963 -5172 7176 77959 180392 33100 65462 114930 114930 17150 4000 13150 13150 80275 62177 18098 18098 MISC. REVENUE-RELATED- 611110 13985 13985 UNRELATED BUSINESS INC 523000 -2551 -2551 11434 13851908 12427132 4625 339038 2285887 2285887 252515 189386 50503 12626 6231514 3827817 1976252 427445 468432 287648 148533 32251 562738 345559 178435 38744 459559 282200 145719 31640 43752 43752 34937 34937 45938 45938 38150 38150 4433 4433 129482 129482 111323 98883 12440 178758 143006 35752 838211 743241 71332 23638 154732 137577 17155 81759 59621 19924 2214 729332 646699 62066 20567 1010610 891547 90709 28354 163474 118882 40117 4475 ACADEMICS 570345 569128 1217 FOOD SERVICES 449035 449035 ADMISSIONS & DEVELOPMEN 207382 13470 106554 87358 ATHLETICS 120211 120211 91424 45926 45498 15263933 11200592 3286284 777057 10808 2074667 1661563 3968315 467202 329125 80157 159226 294044 238192 82618 135527 422195 43754345 16246476 28208094 27507869 1659851 23100126 25264567 107657 116514 205455 89560 60186235 55997097 1018400 703491 1823548 1013454 17500000 16500000 0 1778779 4014258 22120727 22231203 X 23437327 22977186 6025809 1556611 8602372 9232097 38065508 33765894 60186235 55997097 X -1412025 -2887589 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10569834 61774 467339 454903 49768 0 10594276 9115985 261396 1654754 409447 52854 0 10569834 7918950 261258 1252965 229390 87798 0 9115985 9374015 427013 -1604707 259967 17404 0 7918950 0.00000 0.87140 0.12860 0 0 2591461 2591461 32856748 10465618 22391130 2754203 2001432 752771 5551933 3779426 1772507 27507869 1065804 F ABSOLUTE RETURN FUNDS 4540023 F EQUITIES 16314966 F FIXED INCOME 2336821 F REAL ESTATE PARTNERS 1006459 F CASH 494 F 25264567 FMV OF INTEREST RATE SWAP AGREEMENT 3845824 CAPITAL LEASE LIABILITY 168434 4014258 13851908 15263933 -1412025 -2744125 -143464 -2887589 -4299614 12109878 1254297 1254297 10855581 2996327 2996327 13851908 16409492 3573989 3573989 12835503 2428430 2428430 15263933 PART XI, LINE 8 - OTHER ADJUSTMENTS: SPLIT-INTEREST AGREEMENT -138,839. UNRELATED BUSINESS INCOME -4,625. TOTAL TO SCHEDULE D, PART XI, LINE 8: -143,464. PART V, LINE 4 ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIPS, GRANTS, AWARDS, FACULTY DEVELOPMENT, LIBRARY SUPPORT AND VARIOUS OTHER PROGRAMS. 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. WITH FEW EXCEPTIONS, THE SCHOOL IS NO LONGER SUBJECT TO TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2008. PART XII, LINE 2D NET ASSETS RECLASSIFIED/RELEASED FROM RESTRICTIONS PART XII, LINE 4B SUMMER PROGRAM EXPENSES $138,110; UNREALIZED LOSSES $424,432; FINANCIAL AID $2,285,887; CHANGE IN SPLIT INTEREST $138,840 PART XIII, LINE 2D DECREASE IN INTEREST RATE SWAPS $2,319,692; NET ASSETS RECLASSISIFED/RELEASED FROM RESTRICTIONS $1,254,297 PART XIII, LINE 4B SUMMER SCHOOL EXPENSES $138,110; FINANCIAL AID $2,285,887 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 180511 38150 142361 180511 38150 142361 TN AUCTION 213492 33100 180392 21571 1780 42111 213492 33100 180392 21571 1780 42111 65462 114930 17150 300 2500 1200 0 17150 300 2500 1200 4000 13150 TN 1 0 1 0 0.00000 1.00000 DONALD E MORTON 832 GEORGIA AVENUE CHATTANOOGA TN 37402 0 0 0 ANN EVANS 253 FUNDRAISING EVENTS DIRECTOR X 1 13150 1 NEED-BASED FINANCIAL AID 235 0 2226663 FMV TUITION CREDIT MERIT SCHOLARSHIPS 3 0 40040 FMV TUITION CREDIT LAPTOP COMPUTERS 39 0 19184 FMV PURCHASE OF LAPTOPS 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 X 1 1 X X X X 0 0 0 0 0 0 0 0 0 STANLEY R TUCKER 243672 0 0 0 8842 0 24777 0 4756 0 282047 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. HEALTH EDUCATIONAL AND HOUSING 521298872 2009-12-01 17500000 CONSTRUCTION OF SCHOOL BUILDING 0 0 0 1000000 17500000 17500000 0 0 1 1 0 0 0 0 1 1 1 1 SUNTRUST 23.000000000000 0 0 0 0 0 STANLEY R TUCKER ADVANCES TO PAY PREMIUMS ON LIFE INSURANCE X 175000 175000 0 1 1 STANLEY R TUCKER LOAN TO PAY OFF MORTGAGE ON PERSONAL RESIDENCE X 119044 119044 1 1 1 TERESA TUCKER SALARY ADVANCE X 3000 0 0 1 1 294044 TERESA TUCKER SPOUSE OF KEY EMPLOYEE 22500 COMPENSATION 0 X 4 284779 FMV X 1 65000 APPRAISAL 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 5: NET UNREALIZED LOSSES ON INVESTMENTS: -2,744,125. SPLIT-INTEREST AGREEMENT -138,839. UNRELATED BUSINESS INCOME -4,625. TOTAL TO FORM 990, PART XI, LINE 5: -2,887,589.