Civic Intelligence

Girls Preparatory School Inc

EIN 62-0475682 • 501(c)3 • Chattanooga, TN

Profile

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.

Refreshing map…

205 Island AvenueChattanooga, TN 37405

www.gps.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

46th percentile

0.20x

Higher debt load relative to assets than 46% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Liabilities / Revenue

59th percentile

0.47x

Higher debt load relative to revenue than 59% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Net Margin

87th percentile

41%

Higher net margin than 87% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Top Officer Pay

64th percentile

$455,545

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Asset Growth

87th percentile

24%

Faster asset growth than 87% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Revenue Growth

78th percentile

30%

Faster revenue growth than 78% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Assets

Up

$95,551,400

Up $18,228,750 (+24%) from 2024

Liabilities

Down

$19,455,716

Down $171,640 (-0.9%) from 2024

Net Assets

Up

$76,095,684

Up $18,400,390 (+32%) from 2024

Revenue

Up

$41,139,026

Up $9,390,998 (+30%) from 2024

Expenses

Up

$24,184,421

Up $709,129 (+3.0%) from 2024

Net Income

Up

$16,954,605

Up $8,681,869 (+105%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100M$50M$0Assets 2010: $56,626,452Liabilities 2010: $22,160,196Net Assets 2010: $34,466,2562010Assets 2011: $60,186,235Liabilities 2011: $22,120,727Net Assets 2011: $38,065,5082011Assets 2012: $55,997,097Liabilities 2012: $22,231,203Net Assets 2012: $33,765,8942012Assets 2013: $57,172,788Liabilities 2013: $20,626,277Net Assets 2013: $36,546,5112013Assets 2014: $60,322,439Liabilities 2014: $20,704,883Net Assets 2014: $39,617,5562014Assets 2015: $60,397,340Liabilities 2015: $20,398,300Net Assets 2015: $39,999,0402015Assets 2016: $57,257,886Liabilities 2016: $21,217,926Net Assets 2016: $36,039,9602016Assets 2017: $60,390,311Liabilities 2017: $19,853,244Net Assets 2017: $40,537,0672017Assets 2018: $59,470,366Liabilities 2018: $18,432,758Net Assets 2018: $41,037,6082018Assets 2019: $58,902,143Liabilities 2019: $18,159,482Net Assets 2019: $40,742,6612019Assets 2020: $57,361,303Liabilities 2020: $17,123,085Net Assets 2020: $40,238,2182020Assets 2021: $71,567,116Liabilities 2021: $19,643,902Net Assets 2021: $51,923,2142021Assets 2022: $62,392,596Liabilities 2022: $19,349,019Net Assets 2022: $43,043,5772022Assets 2023: $66,448,337Liabilities 2023: $19,859,492Net Assets 2023: $46,588,8452023Assets 2024: $77,322,650Liabilities 2024: $19,627,356Net Assets 2024: $57,695,2942024Assets 2025: $95,551,400Liabilities 2025: $19,455,716Net Assets 2025: $76,095,6842025

Highlighted filing

2025

Assets$95,551,400
Liabilities$19,455,716
Net Assets$76,095,684

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $15,971,1602010Expenses 2011: $15,188,6842011Expenses 2012: $15,263,9332012Expenses 2013: $15,907,7902013Revenue 2014: $15,011,100Expenses 2014: $16,122,544Net Income 2014: -$1,111,4442014Revenue 2015: $15,242,662Expenses 2015: $16,034,231Net Income 2015: -$791,5692015Revenue 2016: $16,464,897Expenses 2016: $17,786,324Net Income 2016: -$1,321,4272016Revenue 2017: $17,486,395Expenses 2017: $17,831,104Net Income 2017: -$344,7092017Revenue 2018: $16,947,384Expenses 2018: $19,387,620Net Income 2018: -$2,440,2362018Revenue 2019: $18,958,585Expenses 2019: $20,180,149Net Income 2019: -$1,221,5642019Revenue 2020: $19,595,117Expenses 2020: $19,864,912Net Income 2020: -$269,7952020Revenue 2021: $22,800,859Expenses 2021: $19,951,559Net Income 2021: $2,849,3002021Revenue 2022: $20,905,031Expenses 2022: $21,304,380Net Income 2022: -$399,3492022Revenue 2023: $24,457,540Expenses 2023: $22,470,880Net Income 2023: $1,986,6602023Revenue 2024: $31,748,028Expenses 2024: $23,475,292Net Income 2024: $8,272,7362024Revenue 2025: $41,139,026Expenses 2025: $24,184,421Net Income 2025: $16,954,6052025

Highlighted filing

2025

Revenue$41,139,026
Expenses$24,184,421
Net Income$16,954,605

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$95.6$19.5$76.1$41.1$24.2$17.0
2024Summary only. Only limited summary data is available for this year.$77.3$19.6$57.7$31.7$23.5$8.27
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$66.4$19.9$46.6$24.5$22.5$1.99
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$62.4$19.3$43.0$20.9$21.3$0.40
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$71.6$19.6$51.9$22.8$20.0$2.85
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$57.4$17.1$40.2$19.6$19.9$0.27
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$58.9$18.2$40.7$19.0$20.2$1.22
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$59.5$18.4$41.0$16.9$19.4$2.44
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$60.4$19.9$40.5$17.5$17.8$0.34
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$57.3$21.2$36.0$16.5$17.8$1.32
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$60.4$20.4$40.0$15.2$16.0$0.79
2014Summary only. Only limited summary data is available for this year.$60.3$20.7$39.6$15.0$16.1$1.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$57.2$20.6$36.5$15.9
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$56.0$22.2$33.8$15.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.2$22.1$38.1$15.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$56.6$22.2$34.5$16.0
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 19, 2025
Return Version
2024v5.2
Gross Receipts
$49,808,736
Mission and Program Overview

Mission

Girls preparatory school creates leaders by engaging the mind, stimulating the spirit, instilling values and self-confidence, and challenging girls to recognize their membership in the global community.

To operate an accredited secondary school and to provide quality private school education for girls in grades six through twelve.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$30,405,842$33,616,199▲ $3,210,357
Land, Buildings, and Equipment, Net$30,566,392$31,212,170▲ $645,778
Savings and Temporary Cash Investments$9,309,497$12,781,243▲ $3,471,746
Accounts Receivable$528,326$8,389,051▲ $7,860,725
Pledges and Grants Receivable$5,225,966$8,021,144▲ $2,795,178
Prepaid Expenses and Deferred Charges$376,669$499,582▲ $122,913
Inventories for Sale or Use$150,196$128,231▼ $21,965
Total Assets$77,322,650$95,551,400▲ $18,228,750
Other Assets Total$759,762$903,780▲ $144,018
Liabilities
Tax Exempt Bond Liabilities$12,414,260$12,424,929▲ $10,669
Accounts Payable and Accrued Expenses$3,671,935$3,772,712▲ $100,777
Deferred Revenue$1,939,620$1,753,378▼ $186,242
Mortgage Notes Payable Secured by Investment Property$1,411,234$1,253,484▼ $157,750
Other Liabilities$190,307$251,213▲ $60,906
Total Liabilities$19,627,356$19,455,716▼ $171,640
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$29,165,911$38,337,374▲ $9,171,463
Net Assets With Donor Restrictions$28,529,383$37,758,310▲ $9,228,927
Total Net Assets Fund Balance$57,695,294$76,095,684▲ $18,400,390
Total Liabilities and Net Assets / Fund Balance$77,322,650$95,551,400▲ $18,228,750

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$22,666,470$23,106,210$45,772,680
Other Land Buildings$3,977,404$4,054,567$8,031,971
Equipment$2,496,651$2,545,088$5,041,739
Land$1,529,778-$1,529,778
Leasehold Improvements$541,867$552,379$1,094,246
Other Securities$24,516,999--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$19,835,301$10,747,958▲ $2,113,759-$31,488,899
2023$18,330,811$466,437▲ $2,345,022-$19,835,301
2022$20,085,433$149,062▲ $1,357,300-$18,330,811
2021$25,667,930$748,298▼ $3,786,031-$20,085,433
2020$15,251,989$6,050,494▲ $5,549,551-$25,667,931
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Megan CoverHead of SchoolFT$388,830$66,715$455,545
Mark VosskampCFO/COOFT$237,664$17,090$254,754
Alison GantChief Advancement OfficerFT$184,336$27,246$211,582
Bethany WilsonHead of Upper SchoolFT$154,709$7,153$161,862
Andrew ReichDirector of College CounselingFT$110,033$20,889$130,922
Kathryn OutlawHead of Middle SchoolFT$107,998$19,156$127,154

Board Members and Trustees

NameTitle
Amy ArrowsmithBoard Chair
James ScotchieFinance Chair
Karen C WelbornTrustee/advancement Cmte Chair
Caroline Caulkins BentleyTrustee/bldg & Grds Cmte Chair
Hamp Johnston JrTrustee/endowment Cmte Chair
Ashley Rowland DavenportVice Chair
Austin P WatsonTrustee
Beth Steele NewboldTrustee
Blair Bennington CannonTrustee
Carolyn ChandlerTrustee
Elouise BusbyTrustee
Glenn Breazeale JrTrustee
Jeff BurnsTrustee
Jessica ScotchieTrustee
Kate Caldwell NevinTrustee
Laurel Carney PhdTrustee
Mary P Tanner PhdTrustee
Molly Baggett JamiesonTrustee
Porche Warren AdamsTrustee
R Kirk Walker JrTrustee
Scott PierceTrustee
Will KlineTrustee
Ashley Moore PalmerTrustee/exec Committee
Dori Thornton WallerSecretary/recorder

Highest Paid Contractors

ContractorServicesLocationCompensation
Sage Dining Services INCFood Service1402 YORK ROAD SUITE 100, Lutherville, MD 21093$832,733
Baseline Sports Construction LLCConstruction3600 HENSON RD, Knoxville, TN 37921$473,678
Beynon Sports Surfaces INCConstruction16 ALT ROAD, Hunt Valley, MD 21030$425,285
Academy Travel INCStudent Travel297 ROUTE 72 W STE 35 336, Manahawkin, NJ 08050$264,783
Hord Coplan Macht INCArchitecture Design And PlanningPO BOX 69429, Baltimore, MD 21264$208,746
Revenue and Support

Revenue Composition

Contributions and Grants
$20,667,341
Program Service Revenue
$18,294,009
Investment Income
$1,935,654
Other Revenue
$242,022
All Other Contributions
$20,524,236
Change in Net Assets
$16,954,605

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded25$372,313Market Value
Other Non Cash Contri Table9$7,150Fair Market Value
Total Noncash Contributions34$379,463-

Audited Revenue Reconciliation

Revenue per Audited Statements
$37,079,048
Revenue Not Reported on Financial Statements
$4,059,978
Revenue Not Reported on Form 990
$1,534,393
Other Revenue Adjustments
$3,991,748
Total Revenue per Audited Statements
$38,613,441
Total Revenue per Form 990
$41,139,026
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$11,394,871
Other Expenses$8,797,802
Grants and Similar Amounts Paid$3,991,748
Total Fundraising Expense$1,594,459
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,566,589$2,547,741$545,800$7,660,130
Grants to Domestic Individuals$3,991,748--$3,991,748
All Other Expenses$1,105,601$660,330$401,352$2,167,283
Depreciation Depletion$1,486,017$166,798$70,763$1,723,578
Other Employee Benefits$863,928$454,555$132,701$1,451,184
Current Officers, Directors, Trustees, and Key Employees$712,186$374,716$109,393$1,196,295
Other Expenses$706,321$26,105$11,305$743,731
Payroll Taxes$405,548$213,379$62,293$681,220
Pension Plan Contributions$241,727$127,185$37,130$406,042
Interest$303,687$34,087$14,461$352,235
Advertising$14,840$140,977$140,977$296,794
Information Technology$205,817$23,102$9,801$238,720
Fees for Service Investment Mgmnt Fees-$68,230-$68,230
Fees for Services Other-$62,584-$62,584
Fees for Services Legal-$35,577-$35,577
Conferences and Meetings$1,576$23,642$6,305$31,523
Total Functional Expenses$17,389,293$5,200,669$1,594,459$24,184,421

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$24,184,421
Total Expenses per Audited Statements$20,213,051
Expenses per Audited Statements$20,124,443
Expenses Not Reported on Financial Statements$4,059,978
Other Expense Adjustments$3,991,748
Expenses Not Reported on Form 990$88,608
International Activity

International Summary

Offices
0
Employees
0
Spending
$2,000,000

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas,Investments-00$2,000,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$53,191
Fundraising Direct Expenses$8,710
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$196,296$53,191$8,710$44,481
Total Events$196,296$53,191$8,710$44,481
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Finance Lease Liability$251,213

Bond Issues

BondIssuerIssuedIssue PricePurpose
AHealth Educational and Housing Facility Board of the City of Chattanooga2015-08-06$10,000,000Construction of school building
BHealth Educational and Housing Facility Board of the City of Chattanooga2015-08-24$5,000,000Construction of school building

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$10,000,000--$55,938
B$5,000,000--$55,938

Bond Financing Compliance

Form 8038-T filed
Yes
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Jessica scotchie and jimmy scotchie have a family relationship.

Form 990, Part VI, Section B, Line 11B

The audit, insurance, and compliance 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, the 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 employment contract for the head of school. (the head of school is on a three-year agreement.) 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 an 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 head of school discretion. All decisions concerning compensation are documented.

Form 990, Part VI, Section C, Line 19

All documents are available to the public upon request to the head of school.

Filing and Contact Details

Filer

Filer Name
Girls Preparatory School Inc
EIN
62-0475682
Phone
4236347600
Address
205 ISLAND AVENUE, CHATTANOOGA, TN 37405

Signing Officer

Name
Mr Mark Vosskamp
Title
CFO
Phone
4236347600
Signed
2025-10-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mr Mark Vosskamp
Formed
1906
Legal Domicile
Tn
Voting Board Members
24
Independent Board Members
24
Employees
368
Volunteers
275

Preparer

Firm
Elliott Davis Advisory LLC
Address
500 EAST MOREHEAD STREET SUITE 700, CHARLOTTE, NC 28202
Preparer
Janice a Ratica
Phone
7043338881
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

PROCESS HAS NOT CHANGED.

Financial Statement Notes

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. Accordingly, income tax expense is limited to activities that are deemed by the internal revenue service to be unrelated to the school's exempt purpose. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation process, if any. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely of being realized upon settlement with the applicable tax authority. As of june 30, 2025 and 2024 the school has not recognized liabilities for uncertain tax positions or associated interest and penalties.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold net with revenue 79,898. Fundraising expense net with revenue 8,710.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Financial aid reported as an expense on 990 3,991,748.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold net with revenue 79,898. Fundraising expense net with revenue 8,710.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Financial aid reported as an expense on 990 3,991,748.

Raw XML AppendixShowing 400 of 976 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0SAGE DINING SERVICES INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1BASELINE SPORTS CONSTRUCTION LLC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2BEYNON SPORTS SURFACES INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3ACADEMY TRAVEL INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4HORD COPLAN MACHT INC
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IRS990/ContractorCompensationGrp/ServicesDesc1CONSTRUCTION
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IRS990/ContractorCompensationGrp/ServicesDesc3STUDENT TRAVEL
IRS990/ContractorCompensationGrp/ServicesDesc4ARCHITECTURE DESIGN AND PLANNING
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IRS990/Desc0GIRLS PREPARATORY SCHOOL (GPS) IS AN INDEPENDENT COLLEGE PREPARATORY SCHOOL FOR GRADES SIX THROUGH TWELVE WHERE APPROXIMATELY 40% 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 FISCALYEAR 2025, GPS GRADUATED 72 STUDENTS.
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