Girls Preparatory School Inc
- Assets
- $77.3m
- Revenue
- $31.7m
- Investments
- $35.8m
- Employees
- 352
- Location
- Chattanooga, TN
- Founding
- 09/1946
- Data as of
- 06/2024
- 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 06/2024, Girls Preparatory School Inc employed 352 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 06/2024, Girls Preparatory School Inc generated $31.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $23.5m during the year ending 06/2024. While expenses have increased by 3.1% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
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:
Part 3 - Line 4a
GIRLS PREPARATORY SCHOOL (GPS) IS AN INDEPENDENT COLLEGE PREPARATORY SCHOOL FOR GRADES SIX THROUGH TWELVE WHERE APPROXIMATELY 50%OF STUDENTS 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 2024, GPS GRADUATED 85 STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caroline Caulkins Bentley Trustee | Trustee | 1 | $0 |
Glenn Breazeale Jr Trustee | Trustee | 1 | $0 |
Jeff Burns Trustee | Trustee | 1 | $0 |
Elouise Busby Trustee | Trustee | 1 | $0 |
Laurel Carney PHD Trustee | Trustee | 1 | $0 |
Allison Cowan Carroll Trustee | Trustee | 1 | $0 |
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 | $5,010 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,279,952 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,284,962 |
| Total Program Service Revenue | $17,832,618 |
| Investment income | $510,548 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $114,920 |
| Net Gain/Loss on Asset Sales | $538,102 |
| Net Income from Fundraising Events | $356,046 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $59,541 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,748,028 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,194,830 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,118,732 |
| Compensation of current officers, directors, key employees. | $350,421 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,294,235 |
| Pension plan accruals and contributions | $374,261 |
| Other employee benefits | $1,415,705 |
| Payroll taxes | $639,044 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,743 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $69,466 |
| Fees for services: Other | $63,321 |
| Advertising and promotion | $201,924 |
| Office expenses | $0 |
| Information technology | $198,744 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,546 |
| Interest | $352,554 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,594,547 |
| Insurance | $0 |
| All other expenses | $2,171,236 |
| Total functional expenses | $23,475,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,877,797 |
| Pledges and grants receivable | $5,225,966 |
| Accounts receivable, net | $528,326 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $150,196 |
| Prepaid expenses and deferred charges | $376,669 |
| Net Land, buildings, and equipment | $30,566,392 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $35,837,542 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $759,762 |
| Total assets | $77,322,650 |
| Accounts payable and accrued expenses | $3,671,935 |
| Grants payable | $0 |
| Deferred revenue | $1,939,620 |
| Tax-exempt bond liabilities | $12,414,260 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,411,234 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $190,307 |
| Total liabilities | $19,627,356 |
| Net assets without donor restrictions | $29,165,911 |
| Net assets with donor restrictions | $28,529,383 |
| 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 | $77,322,650 |