2016-05-13T12:11:42-05:00 2015-06-30 363990892 Capin Crouse LLP 972 Emerson Parkway STE A Greenwood IN 46143 990 2014-07-01 010880911 Ross Institute ROSS 6319075102 18 Goodfriend Drive East Hampton NY 11937 James Grossi CFO 6319075102 2016-05-13 1 Daren Daiga P01074795 3178852620 2014 2016-08-17 19:52:53Z The Ross School Courtney Sale Ross 18 Goodfriend Drive East Hampton NY 11937 44831655 0 X http://rossinstitute.org/ X 1993 NY To change the way education meets the future through leadership & engaging the global community. 10 6 612 200 23076 -85809 15571495 3264423 32144143 34754540 6421554 1019851 256742 443524 54393934 39482338 3548933 3757953 0 0 17661844 17814341 0 0 756817 21134411 21101300 42345188 42673594 12048746 -3191256 112166658 110328376 29820124 31173098 82346534 79155278 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 33759756 3732753 34711464 Education of students in Pre-Nursery to Pre-K, grades K-12, postgraduate, and for the community-at-large. 2904193 Research and development of innovative curriculum and programs in order to prepare students for college and career options in the 21st century. 1095605 25200 20000 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. 983725 Development and utilization of technology for education in an educational environment. 983725 38743279 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 1 1 0 0 1 0 0 1 1 1 0 0 0 1 0 0 1 1 0 0 0 0 1 1 0 0 0 1 159 0 1 612 1 1 1 0 0 0 0 1 1 1 1 0 0 0 X 10 6 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X James Grossi 6319075102 18 Goodfriend Drive East Hampton NY 11937 X Courtney Sale Ross President/Chair 20.00 X X 0 0 0 Jennifer Chidsey Chief Education Officer, Trustee 50.00 X X 214407 0 19178 Catherine Hickey Trustee 1.00 X 0 0 0 Lori Schiaffino Trustee 1.00 X 0 0 0 Cheri Cohen Trustee 1.00 X 0 0 0 Nick Appelbaum Trustee 1.00 X 0 0 0 Nicole Ross 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/Exec Asst 50.00 X 65807 0 18104 Dan Spindler Interim Treasurer 50.00 X 58723 0 4249 David Morgan Director of the Lab 50.00 X 134884 0 22032 Cyril P Lim Executive Assistant 50.00 X 167289 0 8362 Donald Smith Director of Enrollment 50.00 X 174522 0 16099 Patti Lein Head of Upper School 50.00 X 140495 0 22953 Jeanette Tyndall Head of Lower School 50.00 X 157771 0 7796 1113898 0 118773 13 0 1 0 Six Red Marbles 224 Shilling Circle Suite 250 Hunt Valley MD 21031 RLS Curriculum Development 8049315 Montauk Bus LLC 209 Wading River Road Center Moriches NY 11934 Bus Transportation 874895 Hughes Hubbard & Reed LLP One Battery Park Plaza New York NY 10004 Attorneys 477758 First American Leasing CO PO Box 10374 Uniondale NY 11555 Leasing company 437893 Pond View Services Inc 67A Main Street Suite 1 East Hampton NY 11937 Security 303165 36 151625 3112798 3264423 Tuition and fees 900099 29384691 29384691 Summer camp income 900099 3397072 3397072 Tennis center income 900099 1075701 1075701 Other school programs 900099 897076 874000 23076 34754540 19851 19851 557621 26266 531355 531355 531355 6181600 5181600 1000000 1000000 1000000 53620 151625 141451 -87831 -87831 39482338 34731464 23076 1463375 15200 15200 3732753 3732753 10000 10000 500620 500620 123000 123000 14533238 13183646 923825 425767 320770 278616 32196 9958 1343400 1229759 74439 39202 993313 876339 88498 28476 184493 109144 71068 4281 60398 60398 1298688 1015258 276842 6588 258573 221888 13315 23370 937298 626485 301254 9559 158217 146668 11379 170 5217240 5170172 38782 8286 2211572 2127651 33837 50084 89571 34726 53511 1334 305261 274735 24421 6105 5426258 5097346 290955 37957 998892 937683 51234 9975 Repairs & Maintenance 2138725 2028229 57975 52521 Food and Meals 1011240 968947 36519 5774 Bad Debt Expense 280250 247450 32800 Dues and Memberships 207784 188979 14876 3929 316840 221605 94554 681 42673594 38743279 3173498 756817 2125889 1848682 12042791 12224644 216942 116470 115290 251715 134948 128517 656608 789731 174532783 80386844 96011312 94145939 197971 179209 664907 643469 112166658 110328376 2903112 3045521 14201492 16792538 237650 201296 12142166 10887647 335704 246096 29820124 31173098 X 73951037 77905246 8199516 1054051 195981 195981 82346534 79155278 112166658 110328376 -3191256 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 197971 222 198193 197454 517 197971 196813 641 197454 235949 864 40000 196813 235726 223 235949 0.98880 0.01120 0 0 13844064 13844064 135853432 67837897 68015535 2456583 286151 2170432 12941243 11649598 1291645 9437461 613198 8824263 94145939 Capital lease obligation 246096 246096 X 35917302 167717 167717 35749585 3732753 3732753 39482338 39108558 167717 167717 38940841 3732753 3732753 42673594 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 for 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 science, and who are eligible on a needs basis for financial aid at the Institute. Part X, Line 2: The effects of a tax position taken or expected to be taken are recognized in the consolidated financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are reported in expenses in the consolidated statements of activities. As of June 30, 2015 and 2014, the Institute had no uncertain tax positions that qualify for recognition or disclosure in the consolidated financial statements. The Institute files tax and other information returns in the U.S and certain states. The Institute is generally no longer subject to U.S. federal or state examinations by tax authorities for years before 2010. Part XI, Line 2d - Other Adjustments: Rental Expenses 26,266. Fundraising Event Expenses 141,451. Part XI, Line 4b - Other Adjustments: Scholarships and financial aid 3,732,753. Part XII, Line 2d - Other Adjustments: Rental Expenses 26,266. Fundraising Event Expenses 141,451. Part XII, Line 4b - Other Adjustments: Scholarships and financial aid 3,732,753. 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. 1 Central America and the Caribbean 0 0 Program Services Field trips 71304 East Asia and the Pacific 0 0 Program Services Field trips 308827 Europe (Including Iceland & Greenland) 0 0 Program Services Field trips 88413 South America 0 0 Program Services Field trips 36635 South Asia 0 0 Program Services Field trips 550 Europe (Including Iceland & Greenland) 0 0 Grants to Recipients 10000 0 0 0 0 0 0 515729 0 515729 Europe (Including Iceland & Greenland) Organization support 10000 Wire 0 0 0 0 0 0 Part I, Line 2: For grants issued, the organization asks the grantee to provide an annual report that includes a description of how the funds were expended. Part I, line 3: Expenditures are accounted for using the accrual method of accounting. Club Starlight 205245 151625 53620 63368 9325 30000 38758 205245 151625 53620 63368 9325 30000 38758 141451 -87831 1 DavidLiittschwager Natural History Photography 120 Parnassus Avenue 1 San Francisco CA 94117 202431003 15000 Organization support 0 1 Scholarships 170 3197521 Summer Camp Financial Aid 129 535232 Part I, Line 2: For grants issued, the organization asks the grantee to provide an annual report that includes a description of how the funds were expended. X X X X X 0 0 0 0 0 0 0 0 0 Jennifer Chidsey Chief Education Officer, Trustee 203817 0 10500 0 90 0 10395 0 9521 0 234323 0 0 0 David Morgan Director of the Lab 134804 0 0 0 80 0 0 0 22770 0 157654 0 0 0 Cyril P Lim Executive Assistant 155235 0 12000 0 54 0 8362 0 738 0 176389 0 0 0 Donald Smith Director of Enrollment 174126 0 0 0 396 0 8836 0 8001 0 191359 0 0 0 Patti Lein Head of Upper School 140357 0 0 0 138 0 7316 0 16375 0 164186 0 0 0 Jeanette Tyndall Head of Lower School 155926 0 1083 0 762 0 7796 0 738 0 166305 0 0 0 Courtney S Ross President Operating line of credit X 18206070 186441 0 1 1 Courtney S Ross President Payable to President X 243764 14855 0 1 0 Andco President Receivable from entity owmed by President X 128517 0 1 0 329813 Andco Company owned by President 125000 Reimbursements paid for shared employee services (this includes services provided by Cyril P. Lim, a highest compensated employee reported on Form 990, Part VII, Section A) 0 Ralph Appelbaum Associates Company indirectly controlled by Trustee 123000 Planning, design, and media production services to the organization 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 Form 990, Part VI, Section B, line 11 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, 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 are reviewed by the officers. If a conflict should arise, the individual shall leave the meeting during discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. Form 990, Part VI, Section B, line 15 15a - The Compensation Committee approves the Chief Operating 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 Cyril P. Lim, one of the highest compensated employees 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