Girls Preparatory School Inc
- Assets
- $62.4m
- Revenue
- $20.9m
- Investments
- $29.2m
- Employees
- 296
- Location
- Chattanooga, TN
- Founding
- 09/1946
- Data as of
- 06/2022
- EIN
- 62-0475682
Organization Overview
Girls Preparatory School Inc is located in Chattanooga, TN. The organization was established in 1946. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Girls Preparatory School Inc employed 296 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Girls Preparatory School Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Girls Preparatory School Inc generated $20.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $21.3m during the year ending 06/2022. While expenses have increased by 2.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE AN ACCREDITED SECONDARY SCHOOL AND TO PROVIDE QUALITY PRIVATE SCHOOL EDUCATION FOR GIRLS IN GRADES SIX THROUGH TWELVE.
Describe the Organization's Program Activity:
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 2022, GPS GRADUATED 77 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Walker Head Of School Interim | Officer | 50 | $180,972 |
Megan Cover Head Of School | Officer | 65 | $167,017 |
Ali Gant Chief Development Officer | 48 | $163,803 | |
Mark Vosskamp CFO | Officer | 48 | $157,254 |
Lynne Macziewski Associate Head Of Middle School | 48 | $142,021 | |
Bilda Marlen Acuna Small Dir Of Strategic Communica | 48 | $139,070 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sage Dining Services Food Service | 6/29/16 | $709,629 |
Blackbaud Software | 6/29/16 | $105,924 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $160,650 |
| Related organizations | $0 |
| Government grants | $9,789 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,871,349 |
| Noncash contributions included in lines 1a–1f | $216,897 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,041,788 |
| Total Program Service Revenue | $16,356,009 |
| Investment income | $640,593 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $62,236 |
| Net Gain/Loss on Asset Sales | $1,721,392 |
| Net Income from Fundraising Events | $70,895 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $12,118 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,905,031 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,685,265 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $343,144 |
| Compensation of current officers, directors, key employees. | $85,786 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,518,893 |
| Pension plan accruals and contributions | $531,730 |
| Other employee benefits | $1,199,385 |
| Payroll taxes | $578,702 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $72,092 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $95,881 |
| Fees for services: Other | $67,062 |
| Advertising and promotion | $167,766 |
| Office expenses | $128,740 |
| Information technology | $327,616 |
| Royalties | $0 |
| Occupancy | $1,684,555 |
| Travel | $117,733 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $459,613 |
| Interest | $337,024 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,234,727 |
| Insurance | $148,096 |
| All other expenses | $1,387,245 |
| Total functional expenses | $21,304,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,682,731 |
| Pledges and grants receivable | $43,304 |
| Accounts receivable, net | $655,262 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $74,412 |
| Prepaid expenses and deferred charges | $309,731 |
| Net Land, buildings, and equipment | $29,942,044 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $29,241,476 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $443,636 |
| Total assets | $62,392,596 |
| Accounts payable and accrued expenses | $3,419,101 |
| Grants payable | $0 |
| Deferred revenue | $1,823,334 |
| Tax-exempt bond liabilities | $12,392,928 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,713,656 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $19,349,019 |
| Net assets without donor restrictions | $26,227,599 |
| Net assets with donor restrictions | $16,815,978 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $62,392,596 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Girls Preparatory School Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Daelansa Foundation Palm Beach, FL PURPOSE: USE FOR THEIR STATED PURPOSE. | $2,500 |
Endowment Analysis
| Beg. Balance | $25,667,931 |
| Earnings | -$3,786,811 |
| Net Contributions | $748,295 |
| Grants | $2,544,674 |
| Ending Balance | $20,084,741 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Potomac School Mclean, VA | $225,192,195 | $49,665,882 |
Providence Day School Charlotte, NC | $110,524,658 | $50,140,053 |
Flint Hill School Oakton, VA | $94,406,099 | $45,449,765 |
Mary Institute And Saint Louis Country Day School St Louis, MO | $240,203,179 | $40,528,498 |
Charlotte Latin Schools Inc Charlotte, NC | $136,686,590 | $47,461,290 |
Greater Atlanta Christian Schools Inc Norcross, GA | $104,910,212 | $44,897,863 |
Confluence Academy St Louis, MO | $36,687,360 | $48,180,498 |
Pembroke Hill School Kansas City, MO | $163,708,613 | $51,122,329 |
Pace Academy Inc Atlanta, GA | $185,935,585 | $47,968,638 |
Ravenscroft School Inc Raleigh, NC | $81,090,288 | $36,426,897 |
Durham Academy Inc Durham, NC | $115,235,784 | $38,768,231 |
Purpose Built Schools Atlanta Inc Atlanta, GA | $15,990,097 | $34,651,857 |