2018-05-15T14:54:32-05:00 2017-06-30 363990892 Capin Crouse LLP 972 Emerson Parkway STE A Greenwood IN 46143 990 2016-07-01 010880911 Ross Institute ROSS 6319075102 18 Goodfriend Drive East Hampton NY 11937 Nick Appelbaum VP & Treasurer 6319075102 2018-05-15 1 Ted R Batson Jr P00721951 3178852620 139.146.132.42 2018-05-15 13:52:27 MD P 07C8E9B413635D0CD01D5E05E6F5D75574149F69 06D0304B8C26AE45D9A2C3BEEAC9B514E33901CE 2016 2021-01-29 14:40:06Z The Ross School Courtney Sale Ross 18 Goodfriend Drive East Hampton NY 11937 35105042 0 X www.rossinstitute.org X 1993 NY To change the way education meets the future through leadership & engaging the global community. 9 6 716 50 18928 -64357 846860 1618473 35608331 33320933 917449 5595 559776 133775 37932416 35078776 3665600 3833544 0 0 17837862 16104854 0 0 523715 21228513 20097351 42731975 40035749 -4799559 -4956973 102144099 96883286 27788380 27484540 74355719 69398746 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 31156319 3833544 33302005 Education of students in Pre-Nursery to Pre-K, grades K-12, postgraduate, and for the community-at-large. 3581186 0 Research and development of innovative curriculum and programs in order to prepare students for college and career options in the 21st century. Development and utilization of technology for education in an educational environment. 1074356 0 Providing professional development for schools and individuals that would like to adopt the Ross Model, growing our worldwide community of Ross Schools that are committed to 21st century education and catalyzing research in order to improve pedagogical practice. 35811861 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 0 0 0 0 1 1 0 0 0 1 145 0 1 716 1 1 1 0 0 0 0 0 0 0 0 0 X 9 6 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X Duane Ritter 6319075102 18 Goodfriend Drive East Hampton NY 11937 X Courtney Sale Ross President/Chair 20.00 X X 0 0 0 Jennifer Chidsey Chief Edu. Off., Trustee (part year) 50.00 X X 216741 0 15699 Nick Appelbaum VP & Treasurer 1.00 X X 0 0 0 Nicole Ross Trustee 1.00 X 0 0 0 Robert Eloff Trustee 1.00 X 0 0 0 Betsy Colby Trustee 1.00 X 0 0 0 Lori Schiaffino Trustee 1.00 X 0 0 0 Patricia Walton Silver Trustee 1.00 X 0 0 0 Susan Weber Trustee 1.00 X 0 0 0 Barrie Glabman Trustee 1.00 X 0 0 0 Margaret Regan Secretary/Managing Director 50.00 X 66555 0 26426 Nishant Roy Interim Treasurer 50.00 X 0 0 0 Donald Smith Director of Admission (part year) 50.00 X 175390 0 5000 Jeanette Tyndall Head of Lower School 50.00 X 165573 0 6279 James Grossi Chief Financial Officer (part year) 50.00 X 140299 0 5483 Kristin Eberstadt Executive Director 50.00 X 137266 0 31029 Bryan Rosenberg Assistant Head of Lower School 50.00 X 130105 0 9388 1031929 0 99304 15 0 1 0 Montauk Bus LLC 209 Wading River Road Center Moriches NY 11934 Charter/Bus Services 811831 Oxcyon Inc 17520 Engle Lake Drive Middleburg Hts OH 44130 Media/Digital Experience Web. 417591 Hughes Hubbard & Reed LLP One Battery Park Plaza New York NY 100041482 Legal Services 347986 Pond View Services Inc 67-A Main Street Suite 1 East Hampton NY 11937 Security Services 342052 Full Scale Inc 20 West 22nd Street Suite 103 New York NY 10010 Maintenance Service 283665 12 1618473 1618473 Tuition and fees 900099 26863186 26863186 Summer camp income 900099 3738365 3738365 Other school programs 900099 1977609 1977609 Tennis center income 900099 741773 722845 18928 33320933 5595 5595 160041 26266 133775 133775 133775 35078776 33302005 18928 139370 3833544 3833544 312340 291330 17400 3610 13442128 12039762 1159212 243154 57281 50096 6277 908 1354991 1211010 119589 24392 938114 840189 80841 17084 695334 83508 611826 70155 70155 1536837 1269059 254323 13455 276784 168119 35331 73334 1083081 952048 62467 68566 178541 165557 12587 397 4580802 4486061 93598 1143 1337126 1295615 26829 14682 2014 1832 182 225453 202908 18036 4509 5746182 5457560 259760 28862 1106867 1040455 55343 11069 Repairs & Maintenance 1210187 1162722 41442 6023 Food and Meals 917736 893481 21591 2664 Bad Debt Expense 613214 613214 Dues and Memberships 214137 177041 28684 8412 302901 189964 111486 1451 40035749 35811861 3700173 523715 1047445 1311995 6415128 1515809 169646 100671 185748 26977 7132 580754 1043139 181850796 89794207 92982770 92056589 198384 195981 557092 632125 102144099 96883286 2011267 3010096 14416277 12363502 198948 630208 10829120 11245435 332768 235299 27788380 27484540 X 73602063 68914754 557675 288011 195981 195981 74355719 69398746 102144099 96883286 -4956973 0 X X 0 1 X 1 0 X 32079707 15571495 3264423 846860 1618473 53380958 32079707 15571495 3264423 846860 1618473 53380958 80730 53300228 428163 453783 577472 631358 165636 2256412 43550 69100 53620 44621 210891 55848261 162255613 0.95440 0.95350 X Schedule A, Part II, Line 10, Explanation of Other Income: Special Events - 2012 Amount: $ 43,550. 2013 Amount: $ 69,100. 2014 Amount: $ 53,620. 2015 Amount: $ 44,621. 2016 Amount: $ 0. 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 198384 190 2593 195981 198193 191 198384 197971 222 198193 197454 517 197971 196813 641 197454 1.00000 0 0 13634064 13634064 136863421 75927935 60935486 2598776 1176017 1422759 12921032 11802737 1118295 15833503 887518 14945985 92056589 Capital lease obligation 235299 235299 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. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 Ross Institute follows a racially nondiscriminatory policy as to students in its programs. The Institute's promotional activities for its programs are designed to inform all racial segments in the general communities within the area of the availability of the Institute. A clause is included in the admissions catalog and on its website. East Asia and the Pacific 0 0 Program Services Field trips 279955 Europe (Including Iceland & Greenland) 0 0 Program Services Field trips 258169 Middle East and North Africa 0 0 Program Services Field trips 276982 0 0 0 0 0 0 815106 0 815106 0 0 0 0 0 0 Part I, line 3: Expenditures are accounted for using the accrual method of accounting. 1 Scholarships 179 3281930 Summer Camp Financial Aid 105 551614 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. X X X X X 1 0 0 0 0 0 0 0 0 Jennifer Chidsey Chief Edu. Off., Trustee (part year) 186865 0 0 0 29876 0 8363 0 7517 0 232621 0 0 0 Donald Smith Director of Admission (part year) 125390 0 0 0 50000 0 5000 0 396 0 180786 0 0 0 Jeanette Tyndall Head of Lower School 165573 0 0 0 0 0 6279 0 218 0 172070 0 0 0 Kristin Eberstadt Executive Director 137266 0 0 0 0 0 0 0 31247 0 168513 0 0 0 Part I, Line 4a Donald Smith, Director of Admission, received a separation payment of $50,000. Courtney S Ross President Operating line of credit X 18206070 186441 0 1 1 Courtney S Ross President Payable to President for expenses made on behalf of the organization X 243764 443767 0 1 0 630208 Andco Company owned by President 167073 Reimbursements paid for shared employee services and facilities (this includes services provided by Nishant Roy, an officer reported on Form 990, Part VII, Section A) 0 Form 990, Part VI, Section A, line 1 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 Courtney Sale Ross, President, and Nicole Ross, Trustee - Family relationship Nicole Ross, Trustee and Robert Eloff, Trustee - Family relationship 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, 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 board member or officer 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 15 15a - The Compensation Committee approves the Chief Education Officer's compensation by performing an analysis and utilizing appropriate data as to the comparability of the compensation. The approval process was documented in the minutes. 15b - The Compensation Committee also approves the compensation of other officers and key employees by performing an analysis and utilizing appropriate data as to the comparability of the compensation. The approval process is documented in the minutes. 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. Form 990, Part VII Reporting of W-2 wages and benefits Nishant Roy, one of the officers reported in Form 990, Part VII, spends time working for both Ross Institute and Andco (see disclosure in Sch L, Part IV). The amount reimbursed by Andco for this employee's time is based on the actual hours spent working for the organization. The amounts reported in Part VII, Form 990 reflect the total wages paid to this employee, not just the amounts allocable to Ross Institute. Form 990, Part XII, Line 2c The organization's Audit Committee assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year. RSIL26 LLC 18 Goodfriend Drive East Hampton NY 11937 Real estate management NY 0 1688329 Ross Institute Stiftelsen Ross Institute Sweden c/o The Ross Institute 560 Broadway New York NY 10012 Education SW N/A N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0