Civic Intelligence

The Girls' Middle School

EIN 94-3253594 • 501(c)3 • Palo Alto, CA

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Profile

The girls' middle school educates girls at a crucial time in life. We create an inclusive environment where academic growth is nourished. A gms girl discovers her strengths and expresses her voice while respecting the contributions of others.

3400 West Bayshore RoadPalo Alto, CA 94303

www.girlsms.org

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.35x

Higher debt load relative to assets than 62% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

74th percentile

0.78x

Higher debt load relative to revenue than 74% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

81st percentile

30%

Higher net margin than 81% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

66th percentile

$340,207

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

79th percentile

16%

Faster asset growth than 79% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

86th percentile

53%

Faster revenue growth than 86% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Up

$38,894,935

Up $5,280,628 (+16%) from 2023

Liabilities

Down

$13,490,042

Down $474,121 (-3.4%) from 2023

Net Assets

Up

$25,404,893

Up $5,754,749 (+29%) from 2023

Operations
Liabilities / Revenue74th percentileNet Margin81st percentile

Revenue

Up

$17,285,525

Up $5,957,251 (+53%) from 2023

Expenses

Up

$12,117,177

Up $817,151 (+7.2%) from 2023

Net Income

Up

$5,168,348

Up $5,140,100 (+18196%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth79th percentile

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

$40M$30M$20M$10M$0Assets 2010: $5,961,460Liabilities 2010: $3,066,909Net Assets 2010: $2,894,5512010Assets 2011: $7,523,275Liabilities 2011: $4,454,071Net Assets 2011: $3,069,2042011Assets 2012: $7,346,968Liabilities 2012: $4,467,336Net Assets 2012: $2,879,6322012Assets 2013: $8,495,771Liabilities 2013: $4,952,499Net Assets 2013: $3,543,2722013Assets 2014: $10,346,841Liabilities 2014: $5,347,782Net Assets 2014: $4,999,0592014Assets 2015: $11,889,956Liabilities 2015: $5,718,782Net Assets 2015: $6,171,1742015Assets 2016: $13,398,932Liabilities 2016: $6,037,689Net Assets 2016: $7,361,2432016Assets 2017: $15,237,162Liabilities 2017: $6,328,225Net Assets 2017: $8,908,9372017Assets 2018: $15,910,980Liabilities 2018: $6,242,804Net Assets 2018: $9,668,1762018Assets 2019: $17,146,996Liabilities 2019: $6,551,896Net Assets 2019: $10,595,1002019Assets 2020: $18,577,195Liabilities 2020: $7,625,550Net Assets 2020: $10,951,6452020Assets 2021: $20,330,808Liabilities 2021: $7,282,294Net Assets 2021: $13,048,5142021Assets 2022: $26,883,826Liabilities 2022: $7,760,658Net Assets 2022: $19,123,1682022Assets 2023: $33,614,307Liabilities 2023: $13,964,163Net Assets 2023: $19,650,1442023Assets 2024: $38,894,935Liabilities 2024: $13,490,042Net Assets 2024: $25,404,8932024

Highlighted filing

2024

Assets$38,894,935
Liabilities$13,490,042
Net Assets$25,404,893
Open 2024 Filing

Operations Trend

Revenue Growth86th percentile

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

$20M$15M$10M$5.0M$0Expenses 2010: $4,224,2442010Expenses 2011: $4,790,2682011Expenses 2012: $5,288,4802012Expenses 2013: $5,431,8792013Revenue 2014: $7,102,310Expenses 2014: $5,616,874Net Income 2014: $1,485,4362014Revenue 2015: $7,334,927Expenses 2015: $6,169,372Net Income 2015: $1,165,5552015Revenue 2016: $7,912,388Expenses 2016: $6,728,701Net Income 2016: $1,183,6872016Revenue 2017: $8,374,935Expenses 2017: $6,991,242Net Income 2017: $1,383,6932017Revenue 2018: $8,191,182Expenses 2018: $7,502,895Net Income 2018: $688,2872018Revenue 2019: $9,208,149Expenses 2019: $8,359,685Net Income 2019: $848,4642019Revenue 2020: $9,527,433Expenses 2020: $9,223,254Net Income 2020: $304,1792020Revenue 2021: $11,076,808Expenses 2021: $9,445,356Net Income 2021: $1,631,4522021Revenue 2022: $17,130,961Expenses 2022: $10,609,849Net Income 2022: $6,521,1122022Revenue 2023: $11,328,274Expenses 2023: $11,300,026Net Income 2023: $28,2482023Revenue 2024: $17,285,525Expenses 2024: $12,117,177Net Income 2024: $5,168,3482024

Highlighted filing

2024

Revenue$17,285,525
Expenses$12,117,177
Net Income$5,168,348
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$38,894,935
Liabilities
$13,490,042
Net assets
$25,404,893
Revenue
$17,285,525
Expenses
$12,117,177
Net income
$5,168,348
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$38.9$13.5$25.4$17.3$12.1$5.17
2023Detailed filing. Detailed filing data is available for this year.$33.6$14.0$19.7$11.3$11.3$0.03
2022Detailed filing. Detailed filing data is available for this year.$26.9$7.76$19.1$17.1$10.6$6.52
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.3$7.28$13.0$11.1$9.45$1.63
2020Detailed filing. Detailed filing data is available for this year.$18.6$7.63$11.0$9.53$9.22$0.30
2019Detailed filing. Detailed filing data is available for this year.$17.1$6.55$10.6$9.21$8.36$0.85
2018Detailed filing. Detailed filing data is available for this year.$15.9$6.24$9.67$8.19$7.50$0.69
2017Detailed filing. Detailed filing data is available for this year.$15.2$6.33$8.91$8.37$6.99$1.38
2016Detailed filing. Detailed filing data is available for this year.$13.4$6.04$7.36$7.91$6.73$1.18
2015Detailed filing. Detailed filing data is available for this year.$11.9$5.72$6.17$7.33$6.17$1.17
2014Detailed filing. Detailed filing data is available for this year.$10.3$5.35$5.00$7.10$5.62$1.49
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.50$4.95$3.54$5.43
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.35$4.47$2.88$5.29
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.52$4.45$3.07$4.79
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.96$3.07$2.89$4.22
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 8, 2025
Return Version
2023v6.0
Gross Receipts
$18,814,937
Mission and Program Overview

Mission

The girls' middle school educates girls at a crucial time in life. We create an inclusive environment where academic growth is nourished. A gms girl discovers her strengths and expresses her voice while respecting the contributions of others.

The girls' middle school educates girls at a crucial time in life, grade 6 to 8.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$18,737,378$18,739,395▲ $2,017
Pledges and Grants Receivable$1,273,541$5,185,565▲ $3,912,024
Savings and Temporary Cash Investments$2,986,917$4,422,063▲ $1,435,146
Accounts Receivable$3,550,879$3,692,642▲ $141,763
Land, Buildings, and Equipment, Net$729,227$1,339,129▲ $609,902
Prepaid Expenses and Deferred Charges$291,182$372,607▲ $81,425
Cash and Non-Interest-Bearing Accounts$282,146$58,363▼ $223,783
Total Assets$33,614,307$38,894,935▲ $5,280,628
Other Assets Total$5,763,037$5,085,171▼ $677,866
Liabilities
Deferred Revenue$7,203,584$7,144,304▼ $59,280
Other Liabilities$5,925,767$5,304,057▼ $621,710
Accounts Payable and Accrued Expenses$834,812$1,041,681▲ $206,869
Total Liabilities$13,964,163$13,490,042▼ $474,121
Net Assets / Fund Balance
Net Assets With Donor Restrictions$13,052,498$18,551,411▲ $5,498,913
Net Assets Without Donor Restrictions$6,597,646$6,853,482▲ $255,836
Total Net Assets Fund Balance$19,650,144$25,404,893▲ $5,754,749
Total Liabilities and Net Assets / Fund Balance$33,614,307$38,894,935▲ $5,280,628

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$268,254$1,739,788$2,008,042
Other Land Buildings$1,021,194$342,419$1,363,613
Equipment$49,681$566,120$615,801
Other Assets Org$5,034,023--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$5,354,409-▲ $606,882$157,257$5,804,034
2022$5,016,230-▲ $456,030$117,851$5,354,409
2021$2,472,679$3,000,000▼ $366,506$89,943$5,016,230
2020$2,031,440-▲ $524,994$83,755$2,472,679
2019$2,023,095-▲ $89,309$80,964$2,031,440
Compensation and Service Providers
Top Officer Pay66th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Christine FairlessHead of SchoolFT$324,149$16,058$340,207
Natalie CookChief Business OfficerFT$187,284$10,308$197,592
Megan GilbuenaAsst. Head of School (thru 02/24)FT$157,310$9,634$166,944
Elisabeth LandaDirector of AdvancementFT$154,789-$154,789
Tiffany ChaoDirector of Student ServicesFT$136,401$7,613$144,014
Marjorie LucksProgram and RegistrarFT$136,683$7,070$143,753
Susan KramerDirector of Admission & Tuition Asst.FT$107,020$7,382$114,402

Board Members and Trustees

NameTitle
Archana UpadhyayChair
Daniela GonzalezVice Chair
Ashley CarrollBoard Member
Barbara SchneiderBoard Member
David FinkeBoard Member
Jeffrey BarnettBoard Member
Jennifer DibrienzaBoard Member
Jennifer SmithBoard Member
Jenny MartinezBoard Member
Karen WangBoard Member
Kathryn AskewBoard Member
Kiran GaindBoard Member
Lisa CocaBoard Member
Liz DavisBoard Member
Madahi CornejoBoard Member
Mark SilverBoard Member
Monique MaddyBoard Member
Richard YangBoard Member
Ryan HarrisBoard Member
Shana ErnestBoard Member
Terri HamerBoard Member
Troy DetrickBoard Member
Megan MillerSecretary
Terry LeeTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Community Counselling Service Co LLCCapital Campaign Management Services527 MADISON AVENUE 5TH FLOOR, New York, NY 10022$164,278
Global WorksStudent Trip Planning2575 NORTH FRANKLIN AVENUE, Louisville, CO 80027$110,538
Revenue and Support

Revenue Composition

Contributions and Grants
$7,191,141
Program Service Revenue
$9,318,318
Investment Income
$750,159
Other Revenue
$25,907
All Other Contributions
$6,627,920
Change in Net Assets
$5,168,348

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 Traded7$46,628Publicly Traded Exchange
Other Non Cash Contri Table1$16,899Comparable Sales
Books and Publications-$3,609Comparable Sales
Other Non Cash Contri Table1$3,216Comparable Sales
Total Noncash Contributions9$70,352-

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,339,665
Revenue Not Reported on Financial Statements
$1,945,860
Revenue Not Reported on Form 990
$586,401
Other Revenue Adjustments
$1,945,860
Total Revenue per Audited Statements
$15,926,066
Total Revenue per Form 990
$17,285,525
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,595,899
Other Expenses$3,260,496
Grants and Similar Amounts Paid$1,998,585
Total Fundraising Expense$1,009,636
Professional Fundraising Fees$262,197

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,817,129$436,970$307,987$4,562,086
Grants to Domestic Individuals$1,998,585--$1,998,585
Occupancy$870,355$172,780$74,115$1,117,250
Current Officers, Directors, Trustees, and Key Employees$419,015$365,069$108,989$893,073
Other Employee Benefits$418,897$62,710$37,717$519,324
Payroll Taxes$313,436$57,432$30,373$401,241
Office Expenses$267,282$49,477$64,702$381,461
Travel$352,195--$352,195
Fees for Services Professional Fundraising--$262,197$262,197
Depreciation Depletion$174,502$34,641$14,860$224,003
Pension Plan Contributions$184,017$21,924$14,234$220,175
Insurance$133,304$26,463$11,352$171,119
Fees for Services Other$70,915$77,635$14,692$163,242
All Other Expenses$76,818$11,820-$88,638
Fees for Services Accounting-$69,682-$69,682
Other Expenses$58,459$6,340$48,007$64,799
Advertising$16,635$16,634-$33,269
Fees for Services Legal-$22,517-$22,517
Total Functional Expenses$9,597,280$1,510,261$1,009,636$12,117,177

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$12,117,177
Expenses per Audited Statements$10,171,317
Total Expenses per Audited Statements$10,171,317
Expenses Not Reported on Financial Statements$1,945,860
Other Expense Adjustments$1,945,860
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$262,197
Fundraising Gross Income$84,099
Fundraising Direct Expenses$59,692

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Bennett Scholar Breakfast$647,320$84,099$16,722$67,377
Total Events$647,320$84,099$59,692$24,407
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability Asc 842$5,304,057
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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 B, Line 11B

“The finance committee formally reviews and approves the 990 and a public disclosure copy is sent to the entire board prior to submission.”

Form 990, Part VI, Section B, Line 12C

“The board of trustees, officers, and key employees sign the conflict of interest policy annually.”

Form 990, Part VI, Section B, Line 15

“The board of directors reviews salary data and approves compensation for the head of school and director of business and operations. All key employee salaries are compared to data on comparable schools received annually through cal- isboa, nboa and nais.”

Form 990, Part VI, Section C, Line 19

“The governing documents (bylaws) are available in the gms office; this includes the conflict of interest policy; financial statements other than the 990 are not made public outside of the board.”

Filing and Contact Details

Filer

Filer Name
THE GIRLS' MIDDLE SCHOOL
EIN
94-3253594
Phone
6509688338
Address
3400 WEST BAYSHORE ROAD, PALO ALTO, CA 94303

Signing Officer

Name
Natasha Cook
Title
Chief Business Officer
Phone
6509688338
Signed
2025-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christine Fairless
Formed
1996
Legal Domicile
CA
Voting Board Members
24
Independent Board Members
24
Employees
113
Volunteers
140

Preparer

Firm
Armanino Advisory LLC
Address
50 W SAN FERNANDO ST STE 500, SAN JOSE, CA 95113
Preparer
Wanwan Zhang
Phone
4082006400
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“Income from endowment funds is used to subsidize the education of students.”

PART X, LINE 2:

“The school is a qualified organization exempt from federal income and california franchise taxes under the provisions of sections 501(c)(3) of the internal revenue code and 23701(d) of the california revenue and taxation code, respectively. The school has evaluated its current tax positions and has concluded that as of june 30, 2024 and 2023, the school does not have any significant uncertain tax positions for which a reserve would be necessary.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Full scholarship fund 1,351,670. Financial aid 594,190.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Full scholarship fund 1,351,670. Financial aid 594,190.”

Raw XML AppendixShowing 400 of 858 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/Form990PartVIISectionAGrp/TitleTxt26ASST. HEAD OF SCHOOL (THRU 02/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt27PROGRAM AND REGISTRAR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR OF STUDENT SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIR. OF ADMISSION & TUITION ASST.
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR OF ADVANCEMENT
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IRS990/MissionDesc0THE GIRLS' MIDDLE SCHOOL EDUCATES GIRLS AT A CRUCIAL TIME IN LIFE. WE CREATE AN INCLUSIVE ENVIRONMENT WHERE ACADEMIC GROWTH IS NOURISHED. A GMS GIRL DISCOVERS HER STRENGTHS AND EXPRESSES HER VOICE WHILE RESPECTING THE CONTRIBUTIONS OF OTHERS.
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