GIRLS PREPARATORY SCHOOL INC Charity Report

Public IRS 990 nonprofit record

GIRLS PREPARATORY SCHOOL INC

EIN 62-0475682 · Education (B200)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $71.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders30 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

42.27%of revenue went to mission work71.9% of expenses · Program services

3.88%of revenue went to fundraising6.6% of expenses

$58.79spent for every $100 of revenueRevenue covered expenses this year.

12.64%of revenue went to management and office costs21.5% of expenses

$3.95in assets for every $1 spent this yearSome assets cannot be spent right away.

50.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $455,545 for MEGAN COVER (HEAD OF SCHOOL). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$41,139,026

Mission workProgram services$17,389,29342.27% of revenue71.9% of expenses

ManagementOffice and general costs$5,200,66912.64% of revenue21.5% of expenses

FundraisingAsking for donations$1,594,4593.88% of revenue6.6% of expenses

Revenue left after expensesReported annual surplus$16,954,60541.21% of revenueShown in gray on the chart

Total expenses$24,184,42158.79% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 71.9% mission · 21.5% management · 6.6% fundraisingTotal expenses: 58.79% of revenue

2023Expense mix: 73.0% mission · 19.9% management · 7.1% fundraisingTotal expenses: 73.94% of revenue

2022Expense mix: 72.4% mission · 20.4% management · 7.3% fundraisingTotal expenses: 91.88% of revenue

2021Expense mix: 73.2% mission · 19.9% management · 6.8% fundraisingTotal expenses: 101.91% of revenue

2020Expense mix: 73.6% mission · 19.7% management · 6.7% fundraisingTotal expenses: 87.50% of revenue

2019Expense mix: 73.2% mission · 20.9% management · 5.9% fundraisingTotal expenses: 101.38% of revenue

2018Expense mix: 76.5% mission · 19.1% management · 4.5% fundraisingTotal expenses: 106.44% of revenue

2017Expense mix: 73.2% mission · 22.0% management · 4.8% fundraisingTotal expenses: 114.40% of revenue

Money in and money out

Revenue$41,139,026

Expenses$24,184,421

Annual surplus $16,954,605 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$17,389,293 · 71.9% of expenses

Management and office costs$5,200,669 · 21.5% of expenses

Fundraising$1,594,459 · 6.6% of expenses

See all reported dollar amounts

Revenue$41,139,026

Expenses$24,184,421

Assets$95,551,400

Income$49,808,736

Contributions$20,667,341

Mission work (program services)$17,389,293

Fundraising$1,594,459

Management and general$5,200,669

Executive compensation (total)$385,000

Investing fees$68,230

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

MEGAN COVERHEAD OF SCHOOL · 65 hrs/week $455,545Base $401,556 · Other $53,989

MARK VOSSKAMPCFO/COO · 48 hrs/week $254,754Base $237,664 · Other $17,090

ALISON GANTCHIEF ADVANCEMENT OFFICER · 48 hrs/week $211,582Base $184,336 · Other $27,246

BETHANY WILSONHEAD OF UPPER SCHOOL · 48 hrs/week $161,862Base $154,709 · Other $7,153

ANDREW REICHDIR OF COLLEGE COUNSELING · 40 hrs/week $130,922Base $110,033 · Other $20,889

KATHRYN OUTLAWHEAD OF MIDDLE SCHOOL · 48 hrs/week $127,154Base $107,998 · Other $19,156

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (30)

MEGAN COVERHEAD OF SCHOOL

MARK VOSSKAMPCFO/COO

ALISON GANTCHIEF ADVANCEMENT OFFICER

BETHANY WILSONHEAD OF UPPER SCHOOL

ANDREW REICHDIR OF COLLEGE COUNSELING

KATHRYN OUTLAWHEAD OF MIDDLE SCHOOL

JESSICA SCOTCHIETRUSTEE

JAMES SCOTCHIEFINANCE CHAIR

KAREN C WELBORNTRUSTEE/ADVANCEMENT CMTE CHAIR

KATE CALDWELL NEVINTRUSTEE

LAUREL CARNEY PHDTRUSTEE

MARY P TANNER PHDTRUSTEE

MOLLY BAGGETT JAMIESONTRUSTEE

PORCHE WARREN ADAMSTRUSTEE

R KIRK WALKER JRTRUSTEE

SCOTT PIERCETRUSTEE

WILL KLINETRUSTEE

JEFF BURNSTRUSTEE

HAMP JOHNSTON JRTRUSTEE/ENDOWMENT CMTE CHAIR

GLENN BREAZEALE JRTRUSTEE

ELOUISE BUSBYTRUSTEE

DORI THORNTON WALLERSECRETARY/RECORDER

CAROLYN CHANDLERTRUSTEE

CAROLINE CAULKINS BENTLEYTRUSTEE/BLDG & GRDS CMTE CHAIR

BLAIR BENNINGTON CANNONTRUSTEE

BETH STEELE NEWBOLDTRUSTEE

AUSTIN P WATSONTRUSTEE

ASHLEY ROWLAND DAVENPORTVICE CHAIR

ASHLEY MOORE PALMERTRUSTEE/EXEC COMMITTEE

AMY ARROWSMITHBOARD CHAIR

About this charity

Recognized since: January 1946
Location: 205 ISLAND AVE, CHATTANOOGA, TN 37405-4217
County: Hamilton
In care of: MR MARK VOSSKAMP
Primary officer: MR MARK VOSSKAMP, CFO

How to reach them

WebsiteVisit the charity’s website Emailphammonds@gps.edu Phone(423) 634-7600

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: ELLIOTT DAVIS ADVISORY LLC
NTEE classification: Education (B200)
IRS tax category: Elementary and Secondary Schools