2023-05-15T10:57:05-05:00 2022-06-30 363990892 Capin Crouse LLP 1330 Avenue of the Americas Suite 23A New York NY 10019 990 2021-07-01 010880911 Ross Institute ROSS 6319075102 18 Goodfriend Drive East Hampton NY 11937 Lee Feldman Treasurer 6319075102 2023-05-15 1 Lee Feldman 999009999 Sara Tibbott P01486965 5055022746 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z The Ross School Nicole Ross Eloff 18 Goodfriend Drive East Hampton NY 11937 24626801 0 X www.rossinstitute.org X 1993 NY To change the way education meets the future through leadership & engaging the global community. 12 10 330 13 102799 0 3037657 658227 20690122 23884203 -50174 3290 25576 69771 23703181 24615491 3307531 3586197 0 0 11246573 12745336 0 0 248003 15608133 18341985 30162237 34673518 -6459056 -10058027 73051147 63989493 19321723 20318096 53729424 43671397 X Our mission is to change the way education meets the future; to foster interdisciplinary, integrated thinking and innovative leadership; to engage fully in the global community; and to facilitate lifelong learning. 0 0 26623120 3586197 19353545 Tuition and fees - Offer an Early Childhood education program (Pre-Nursery to Pre-K) and K-12 college preparatory curriculum with campuses in East Hampton and Bridgehampton, New York. Ross also has a boarding program for grades 6-12. For the fiscal year 2022, approximately 380 students were enrolled. 1815213 1049526 The Tennis Center is open to the public after school hours. There are a variety of different programs and services offered - clinics, classes, court rentals, tournaments, mixers, match plays, summer camps and lessons. The Tennis Academy program (RSTA) runs during the week and is a small, intimate program that allows players to develop lasting relationships with coaches while receiving personalized instruction. Athletes who attend RSTA receive high-performance tennis training while following a stimulating college preparatory curriculum with their peers during the school year. Adult classes run in the morning and about 80 adults enroll per session. After school programs range from ages 5-15 and about 110 kids are enrolled in this program. Court rentals are offered on the weekends with about 100 clients regularly booking court rentals. Lessons are offered after school and on the weekends with ages ranging from 3-70. Ross has about 180 clients regularly booking lessons. Junior tournaments and match plays are offered on the weekends for ages 8-18 and about 200 kids normally sign up for tournaments. The summer camp is held from June - August for ages 5-16 with about 300 kids enrolled. 1815213 3030398 Summer camp income - Summer camp for children Pre-Nursery to grade 12. This includes tennis sports camp, innovation lab, ESOL, Mathematics and SAT prep for the students enrolled. 0 0 417706 Other school programs - Auxiliary programs and income, including TECH program, housing for summer teachers, yearbook income and other various school programs and support activities. 0 0 417706 30253546 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 74 0 1 330 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 12 10 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 1 0 NY X Valerie Vlacancich 6319075102 18 Goodfriend Drive East Hampton NY 11937 Nicole Ross Eloff President 20.00 X X 0 0 0 Brett McGonegal Co-Chairperson 1.00 X X 0 0 0 John Collier Co-Chairperson 1.00 X X 0 0 0 Robert Eloff Treasurer 1.00 X X 0 0 0 Lori Schiaffino Trustee 1.00 X 0 0 0 Ann Stewart Trustee, PA President 1.00 X 0 0 0 Ali Pratt Trustee, PA President 1.00 X 0 0 0 Alexandra Fairweather Trustee 1.00 X 0 0 0 Martial Toussaint Trustee 1.00 X 0 0 0 Marquis Green Trustee 1.00 X 0 0 0 Stephanie Schuman Trustee 1.00 X 0 0 0 Lawrence Steyn Trustee 1.00 X 0 0 0 Miree Kim Trustee (part year) 1.00 X 0 0 0 Margaret Regan Secretary Office Mgr Admin & Adv. (part year) 40.00 X 73721 0 7332 Elise Trucks Secretary/Office Mgr Admin & Adv. 1.00 X 19589 0 1434 Valerie Vlacancich CFO 50.00 X 81272 0 11397 William O'Hearn Head of School & Head of High School 50.00 X 192356 0 103939 Steven O'Brien Director of Facilities 50.00 X 130731 0 27189 Andrea O'Hearn Head of School Adv & Ops (part year) 50.00 X 153611 0 0 Jeanette Tyndall Director of Lower School (part year) 50.00 X 148976 0 0 Vinicius Carmo Director of Tennis 50.00 X 127910 0 0 Edoardo Tessaro Tennis Pro 50.00 X 144406 0 0 1072572 0 151291 13 0 1 0 Hughes Hubbard & Reed LLP One Battery Park Plaza New York NY 10004 Legal Services 371006 Pond View Services Inc 67A Main Street Suite 1 East Hampton NY 11937 Security Services 365589 Montauk Bus Inc 209 Wading River Road Center Moriches NY 11934 Transportation Services 230090 Arent Fox LLP PO Box 644672 Pittsburgh PA 15264 Legal Services 175280 Bzan & Son Inc PO Box 4129 East Hampton NY 11937 Maintenance Services 120210 9 21264 636963 25000 658227 Tuition and fees 900099 19353545 19353545 Summer camp income 900099 3030398 3030398 Tennis center income 900099 1152325 1049526 102799 Other school programs 900099 347935 347935 23884203 3290 3290 11310 21264 11310 0 69771 69771 69771 24615491 23851175 102799 3290 3586197 3586197 686366 609746 70956 5664 10327907 9174836 1067832 85239 953938 847705 98379 7854 777125 690362 80349 6414 1098944 1098944 136930 136930 1021092 761355 257730 2007 145318 145318 739409 544606 191195 3608 162057 144099 17958 2958661 2952650 5410 601 927935 927220 715 570161 99878 468063 2220 8116531 7880658 212286 23587 440344 413924 22017 4403 Repairs & Maintenance 794497 775462 16487 2548 Food and Meals 632291 627785 4506 Dues and Memberships 177225 160728 15212 1285 Bad Debt Expense 141473 41473 100000 279117 56335 220209 2573 34673518 30253546 4171969 248003 4314778 7234889 5543781 1009811 189250 146930 242139 274395 72127 72127 305446 796217 175393539 121511195 61844867 53882344 296659 346680 242100 226100 73051147 63989493 2014734 2837001 7457710 6910943 8172270 8506498 1607366 2049674 69643 13980 19321723 20318096 X 51694519 42031176 2034905 1640221 53729424 43671397 73051147 63989493 -10058027 0 X 0 1 X 1 0 X 10357813 4114503 3354616 3037657 658227 21522816 10357813 4114503 3354616 3037657 658227 21522816 7886695 13636121 109597 98928 83705 4267 3290 299787 72779 25576 69771 168126 21990729 121722097 0.62010 0.59030 X Schedule A, Part II, Line 10, Explanation of Other Income: Miscellaneous income - 2019 Amount: $ 72,779. 2020 Amount: $ 25,576. 2021 Amount: $ 69,771. Schedule A, Part II: The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and, therefore, qualifies to use the first listed special rule for Schedule B reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 446659 21 100000 346680 446552 107 446659 446361 191 446552 196171 250000 190 446361 195981 190 196171 1.00000 0 0 13409064 13409064 132188061 93932902 38255159 1567945 1167809 400136 10486724 10394139 92585 17741745 16016345 1725400 53882344 Capital lease obligation 13980 13980 21065311 24707 11310 36017 21029294 3586197 3586197 24615491 31123338 24707 11310 36017 31087321 3586197 3586197 34673518 Part V, Line 4: Each fiscal year, the Institute is authorized to expend from the Scholarship Fund (endowment) an amount equal to four and one-half percent of the principal of the endowment as of the first business day of such year, or such other amount as shall be mutually agreed upon by the donor or the donor's designated representatives and the Ross School. The endowment payout shall be paid first from the income of the endowment and, if and to the extent that such income is insufficient, from the principal of the endowment. If the income of the endowment in any fiscal year exceeds the authorized payout amount for such year, the excess will be added to principal at the end of such fiscal year. The endowment payout for each fiscal year shall be used to award scholarships to help support the tuition of one or more students at the Institute entering the ninth grade who have exhibited a deep interest in or enjoyment of the arts and/or sciences, especially the environmental sciences, and who are eligible on a needs basis for financial aid at the Institute. Part XI, Line 2d - Other Adjustments: Fundraising Event Expenses 11,310. Part XI, Line 4b - Other Adjustments: Scholarships and financial aid 3,586,197. Part XII, Line 2d - Other Adjustments: Fundraising Event Expenses 11,310. Part XII, Line 4b - Other Adjustments: Scholarships and financial aid 3,586,197. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 The organization publicized its racially nondiscriminatory policy on the homepage of its website at all times during its tax year in a manner reasonably expected to be noticed by visitors. Sub-Saharan Africa 0 0 Program Services Field trips 104396 North America - Canada and Mexico 0 0 Program Services Field trips 98435 0 0 0 0 0 0 202831 0 202831 0 0 0 0 0 0 Part I, line 3: Expenditures are accounted for using the accrual method of accounting. Part III Accounting Method: Carnival 32574 21264 11310 3500 7810 32574 21264 11310 3500 7810 11310 0 1 Scholarships 184 3586197 Part I, Line 2: The assistance provided by the Institute is in the form of academic scholarships to attend the Ross School and financial assistance to attend the summer camp program conducted by the Institute. Records are maintained documenting the participants who receive aid and the rationale for providing aid to each participant. No cash changes hands and funds are directly tied to student accounts. X 1 1 0 0 0 0 0 0 0 0 0 William O'Hearn Head of School & Head of High School 191594 0 0 0 762 0 0 0 103939 0 296295 0 0 0 Steven O'Brien Director of Facilities 130671 0 0 0 60 0 0 0 27189 0 157920 0 0 0 Andrea O'Hearn Head of School Adv & Ops (part year) 153215 0 0 0 396 0 0 0 0 0 153611 0 0 0 Part I, Line 1a Housing Allowance: As a condition of employment, and as a convenience to the Institute, the Head of School is provided a home near Ross Institute. The home is provided as a nontaxable benefit to the Head of School. Courtney S Ross Founder/Sub. Contributor/Family member - N. Eloff, Pres. & R. Eloff, Treas. Operating line of credit X 18206070 186441 0 1 1 Courtney S Ross Founder/Sub. Contributor/Family member - N. Eloff, Pres. & R. Eloff, Treas. Receivable for costs incurred by Institute X 23557 72127 0 1 0 Courtney S Ross Founder/Sub. Contributor/Family member - N. Eloff, Pres. & R. Eloff, Treas. Promissory Note for paying BOA loan down on behalf of the Institute X 3760460 8320057 0 1 1 8578625 X 1 25000 Selling Price 0 0 1 0 Part I, Column (b): The number of contributions represent the number of contributions received, not the number of items donated. Form 990, Part VI, Section A, line 1a The Board of Trustees may, by resolution, designate five or more trustees (one of whom shall be the Chairperson of the Board of Trustees) to constitute an Executive Committee, and delegate to the Executive Committee any of the powers and authority of the Board of Trustees in the management of the business and affairs of the Corporation, except for: the amendment or repeal of Bylaws or the adoption of new Bylaws; the amendment or repeal of any resolution of the Board of Trustees that by its express terms is not so amendable or repealable; the filling of vacancies in the Board of Trustees or in any committee; the approval of any transaction in which a trustee or officer has an interest; and the granting of degrees or making removals from office. Form 990, Part VI, Section A, line 2 Nicole Ross Eloff, President and Robert Eloff, Treasurer - Family relationship Form 990, Part VI, Section A, line 4 The organization amended the Bylaws Section 3(b) in order to designate the Ross School Parent Association President as non-voting ex officio member of the Board of Trustees. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent CPA firm. A preliminary draft of the organization's Form 990, including all required schedules, was provided to management. Management reviewed the draft Form 990 in detail, consulted with the organization's accountants and tax return preparers, and took all other measures necessary and appropriate to ensure that the final version of the Form 990 is complete and accurate to the best of their knowledge. A copy of the final version of the Form 990, including all required schedules, was provided to each member of the organization's Board of Trustees prior to filing with the IRS. Form 990, Part VI, Section B, line 12c Each director, principal officer, key employee, and member of a committee with governing board delegated powers signs a conflict of interest statement annually which is reviewed by the officers. Should any potential conflicts of interest be disclosed, the interested party would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship. Form 990, Part VI, Section B, line 15b The Compensation Committee approves the officers and key employees compensation by performing an analysis and utilizing appropriate data as to the comparability of the compensation. The approval process was documented in the minutes. Form 990, Part VI, Section B, Line 15a: The organization does not compensate the top management official. Therefore, this line was answered no in accordance with the instructions. Form 990, Part VI, Section C, line 19 The School makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. RSIL26 LLC 18 Goodfriend Drive East Hampton NY 11937 Real estate management NY 0 0 Ross Institute Ross Digital Delivery LLC 18 Goodfriend Drive East Hampton NY 11937 Digital delivery of curriculum NY 0 0 Ross Institute