2015-05-15T14:47:18-05:00 2014-06-30 363990892 Capin Crouse LLP 972 Emerson Parkway STE A Greenwood IN 46143 990 2013-07-01 010880911 Ross Institute ROSS 6319075102 18 Goodfriend Drive East Hampton NY 11937 Dan Spindler Treasurer 6319075102 2015-05-15 1 Daren Daiga P01074795 3178852620 2013 2016-03-07 17:11:31Z The Ross School Courtney Sale Ross 18 Goodfriend Drive East Hampton NY 11937 58195549 0 X http://rossinstitute.org/ X 1993 NY To change the way education meets the future through leadership & engaging the global community. 9 6 591 250 2895 -102137 32079707 15571495 26528934 32144143 75093 6421554 232951 256742 58916685 54393934 3024528 3548933 0 0 15357905 17661844 0 0 1021802 16862760 21134411 35245193 42345188 23671492 12048746 105565159 112166658 35267371 29820124 70297788 82346534 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 31654409 3538657 32131565 Education of students in Pre-Nursery to Pre-K, grades K-12, postgraduate, and for the community-at-large. 2833116 Research and development of innovative curriculum and programs in order to prepare students for college and career options in the 21st century. 2084063 10276 9683 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. 968725 Development and utilization of technology for education in an educational environment. 968725 37540313 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 1 0 0 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 1 0 0 0 1 150 0 1 591 1 1 1 0 0 0 0 1 1 1 1 0 0 0 X 9 6 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 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 COO, Trustee 50.00 X X 217625 0 12335 Catherine Hickey Trustee 1.00 X 0 0 0 Lori Schiaffino Trustee 1.00 X 0 0 0 Martin Payson part year 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 62157 0 15141 Andrew Robbins Treasurer 1.00 X 0 0 0 Rebecca Vollmer Director of Development 50.00 X 139920 0 5708 Cyril P Lim Executive Assistant 50.00 X 155449 0 6250 Donald Smith Director of Enrollment 50.00 X 173702 0 15662 Gregg Maloberti Director of Development 50.00 X 174481 0 22437 Jeanette Tyndall Head of Lower School 50.00 X 164776 0 8147 1088110 0 85680 12 0 1 0 HL Group Partners LLC 853 Broadway 18th Floor New York NY 10003 Consulting/PR 182961 Whiteman Osterman & Hanna LLP One Commerce Plaza Albany NY 12260 Legal Services 167434 2 Rogers Court LLC 41 Meeting House Lane Southampton NY 11968 Rent - Housing 165000 Marco Bautista 61 Light House Lane Sag Harbor NY 11963 Landscaping 162753 3 Goodfriend LLC 3 Goodfriend Drive East Hampton NY 11937 Rent - Office 156024 19 523251 15048244 5000000 15571495 Tuition and fees 900099 26853231 26853231 Summer camp income 900099 3413035 3413035 Tennis center income 900099 945658 945658 Other school programs 900099 932219 929324 2895 32144143 17368 17368 436415 34458 401957 401957 401957 9957028 3552842 6404186 6404186 6404186 69100 523251 214315 -145215 -145215 54393934 32141248 2895 6678296 10276 10276 3538657 3538657 321280 321280 14703546 12912870 1193131 597545 318217 277177 27849 13191 1226532 1082479 94464 49589 1092269 939483 109073 43713 737149 321037 415112 1000 95915 1317 94598 1988707 1553655 420583 14469 356681 255571 16701 84409 1144888 803311 270105 71472 87496 81677 5019 800 4925392 4812709 99278 13405 1124674 1025549 53028 46097 86709 46211 40032 466 365316 317543 41092 6681 5289231 4960946 289858 38427 1128444 1060122 57068 11254 Repairs & Maintenance 2034232 1940685 70751 22796 Food and Meals 962144 896142 62779 3223 Dues and Memberships 226207 206701 18048 1458 Bad Debt Expense 204921 204921 376305 291274 83224 1807 42345188 37540313 3783073 1021802 4654522 2125889 25943 12042791 252604 216942 237693 115290 971016 656608 171058459 75047147 98471723 96011312 197454 197971 754204 799855 105565159 112166658 2429754 2903112 12394746 14201492 2380000 556957 237650 13320513 12142166 4000000 185401 335704 35267371 29820124 X 69615266 73951037 486541 8199516 195981 195981 70297788 82346534 105565159 112166658 12048746 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5000000 5000000 X X Educational 0 197454 517 197971 196813 641 197454 235949 864 40000 196813 235726 223 235949 235711 15 235726 0.00000 0.98990 0.01010 0 0 13844064 13844064 135820858 63060362 72760496 2456583 286151 2170432 12535067 11145872 1389195 5000000 1401887 554762 5847125 96011312 Capital lease obligation 335704 335704 X 50889735 34458 34458 50855277 3538657 3538657 54393934 38840989 34458 34458 38806531 3538657 3538657 42345188 Part III, Line 4: The artwork maintained by the Ross Institute is utilized for educational purposes and is integrated into the curriculum. 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, 2014 and 2013, 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 2009. Part XI, Line 2d - Other Adjustments: Rental Expenses 34,458. Part XI, Line 4b - Other Adjustments: Scholarships and financial aid 3,538,657. Part XII, Line 2d - Other Adjustments: Rental Expenses 34,458. Part XII, Line 4b - Other Adjustments: Scholarships and financial aid 3,538,657. 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. Club Starlight 547496 487646 59850 39316 30649 127600 Golf Outing 44855 35605 9250 15605 1145 592351 523251 69100 54921 31794 127600 214315 -145215 1 DavidLiittschwager Natural History Photography 120 Parnassus Avenue 1 San Francisco CA 94117 202431003 10000 Organization support 0 1 Scholarships 177 3329828 Summer Camp Financial Aid 113 208829 Part I, Line 2: Ross Institute reviews all expenditures for which its grants and scholarships are intended to pay. X X X X X 0 0 0 0 0 0 0 0 0 Jennifer Chidsey COO, Trustee 198125 0 19500 0 0 0 5465 0 7858 0 230948 0 0 0 Cyril P Lim Executive Assistant 143449 0 12000 0 0 0 6250 0 950 0 162649 0 0 0 Donald Smith Director of Enrollment 173306 0 0 0 396 0 8792 0 8631 0 191125 0 0 0 Gregg Maloberti Director of Development 174343 0 0 0 138 0 5296 0 18093 0 197870 0 0 0 Jeanette Tyndall Head of Lower School 164014 0 0 0 762 0 8147 0 988 0 173911 0 0 0 Courtney S Ross Operating line of credit X 18206070 186441 0 1 1 Courtney S Ross Payable to President X 243764 51209 0 0 0 237650 Andco Company owned by President 169000 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 X 1 5000000 Fair market value 1 0 0 0 Part I, Column (b): The number of contributors represents the number of contributions received. 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 Executive Committee of the Board of Trustees approves the Chief Operating Officer's compensation by performing an analysis and utilizing appropriate data as to the comparability of the compensation. The Executive Committee is required to adequately document the basis for its determinations. This process was last completed during 2010. 15b - The Executive Committee of the Board of Trustees 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 Executive Committee is required to adequately document the basis for its determinations. This process was last completed during 2010. 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 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 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 Board 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 1655755 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