2011-05-16T12:54:00-05:00 2010-06-30 LAMBRIDES LAMOSTAYLOR LLP 81 LARKFIELD RD EAST NORTHPORT NY 11731 990 2009-07-01 010880911 THE ROSS SCHOOL ROSS 6319075102 18 GOODFRIEND DRIVE EAST HAMPTON NY 11937 KRIS KNUTSON 6319075102 2011-05-16 true LESLIE NIESKENS 6317544242 2011-05-16 2009 2016-02-24 21:20:13Z SEE SCHEDULE O COURTNEY S ROSS 18 GOODFRIEND DRIVE EAST HAMPTON NY 11937 23006249 false X WWW.ROSS.ORG X 1993 NY 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. 14 12 414 225 -61381 -119191 4917414 3953169 14784016 18489625 9482 1308 -1465635 168120 18245277 22612222 2027852 4015307 0 12392063 12738537 0 669399 11827308 13598251 26247223 30352095 -8001946 -7739873 103535634 100834072 34521802 43034564 69013832 57799508 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. true false 21470341 3133999 EDUCATION OF STUDENTS IN PRE-NURSERY TO PRE-K, AND GRADES K - 12. 2181690 RESEARCH AND DEVELOPMENT OF INNOVATIVE CURRICULUM PLANS IN ORDER TO PREPARE STUDENTS FOR THE 21ST CENTURY. 2342006 881308 PROVIDING PROFESSIONAL DEVELOPMENT FOR SCHOOLS 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. 1412068 DEVELOPMENT AND UTILIZATION OF TECHNOLOGY FOR EDUCATION IN AN EDUCATIONAL ENVIRONMENT. 1412068 27406105 true true false false false false true false true true true false true true true true false false true false false true true true false false false true true true false true false false false false false true false false false true 166 0 414 true true true false false false false true true false false false 14 12 true false true false false false false true true false false false true true true true true true true false X DUANE RITTER CONTROLLER 6319075102 18 GOODFRIEND DRIVE EAST HAMPTON NY 11937 COURTNEY SALE ROSS 20.00 X X 0 0 0 GEORGE BIONDO ESQ 1.00 X X 0 0 0 LORI SCHIAFFINO 1.00 X 0 0 0 IRENE TULLY 1.00 X 0 0 0 NICOLE ROSS 1.00 X 0 0 0 DR GERALD CURATOLA 1.00 X 0 0 0 CHRISTOPHER SARLO 1.00 X 0 0 0 NICOLAS COMBEMALE - RESIGNED 71709 X 0 0 30000 JUERGEN AR FRIEDRICH 1.00 X 0 0 0 GUNNAR WALSTAM 1.00 X 0 0 0 BERNHARD KIEMBOCK 1.00 X 0 0 0 PATTI SILVER - FROM 12810 1.00 X 0 0 15000 MARTIN PAYSON - FROM 101509 1.00 X 0 0 0 SUSAN WEBER - FROM 101509 1.00 X 0 0 0 MARCELO SUAREZ-OROZCO -FROM 101509 1.00 X 0 0 0 MICHELE CLAEYS 50.00 X 174022 0 62954 DUANE RITTER 50.00 X 89667 0 10590 DIANA ACETI 50.00 X 132896 0 36766 ELKA RIFKIN 50.00 X 114681 0 5049 MARIA M MACIAK 50.00 X 26585 84739 30676 DEBRA A MCCALL 50.00 X 24615 78077 7816 SALLY BOOTH 50.00 X 23385 76731 31460 585851 239547 230311 6 false true false ALL CITY REMODELING INC 47-14 32ND PLACE LONG ISLAND CITY NY 11101 CONSTRUCTION 359196 FLANDERS HEATING & AIR CONDITIONING 1290 FLANDERS ROAD RIVERHEAD NY 11901 HVAC SERVICE 183789 MIMS FAMILY PAINTING LLC 2 NORTH LEXINGTON ROAD SHIRLEY NY 11967 PAINTING 157005 WHITEMAN OSTERMAN & HANNA LLP ONE COMMERCE PLAZA ALBANY NY 12260 LEGAL 144631 JONATHAN TURETSKY 3 GOODFRIEND DR EAST HAMPTON NY 11937 OFFICE SPACE 144462 7 737201 3215968 3953169 TUITION AND FEES 15213020 15213020 SUMMER CAMP INCOME 1435497 1435497 OTHER PROGRAM INCOME 628697 628697 TENNIS CENTER INCOME 560976 560976 DISTANCE LEARNING INCOME 325250 325250 326185 308482 12719 4984 18489625 1308 1308 509977 215906 294071 294071 -74100 368171 52170 737201 178121 -125951 -125951 22612222 18471922 -61381 248512 831308 831308 3133999 3133999 50000 50000 274033 183602 90431 10540804 9459463 774198 307143 1084 977 76 31 1103946 993589 78467 31890 818670 731169 64550 22951 619467 377889 241578 25103 25103 421634 272038 134471 15125 242627 105814 2708 134105 153267 115248 26790 11229 97337 92313 4764 260 1704852 1623244 71737 9871 508869 467930 22601 18338 137670 136249 1421 423183 367395 50587 5201 5038000 4724380 277116 36504 509708 481313 25862 2533 REPAIR AND MAINT. 922398 876485 40074 5839 FURNITURE AND EQUIPMENT 615135 561807 37846 15482 FOOD AND MEALS 358078 331520 23703 2855 SUPPLIES 296259 273547 18687 4025 DUES & MEMBERSHIPS 241089 232659 6260 2170 1283575 982167 257561 43847 30352095 27406105 2276591 669399 397238 536708 955405 702382 196957 172955 139216 104838 443197 609914 152725242 54726416 100693207 97998826 235679 235694 474735 472755 103535634 100834072 2427306 2017583 4377527 5210863 2815000 2705000 10842846 18360733 14044316 14734827 14807 5558 34521802 43034564 X 68764723 57497752 13398 66045 235711 235711 69013832 57799508 103535634 100834072 X false true false X false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false 1481346 X X EDUCATIONAL false false false 235711 15 235726 254703 3354 22346 235711 1.00000 false false false 3615498 3615498 137346753 43983290 93363463 11762991 10743126 1019865 97998826 235694 472755 CAPITAL LEASE OBLIGATIONS 5558 5558 22612222 30352095 -7739873 -33057 -33057 -7772930 19874968 -2971160 -2971160 22846128 -233906 -233906 22612222 27647898 429802 429802 27218096 3133999 3133999 30352095 COLLECTIONS AND RELATION TO EXEMPT PURPOSE SCHEDULE D, PAGE 2, PART III, LINE 4 THE ARTWORK MAINTAINED BY THE ROSS INSTITUTE IS UTILIZED FOR EDUCATIONAL PURPOSES AND IS INTEGRATED INTO THE CURRICULUM. INTENDED USES FOR ENDOWMENT FUNDS SCHEDULE D, PAGE 2, 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 SCIENCES, AND WHO ARE ELIGIBLE ON A NEEDS BASIS FOR FINANCIAL AID AT THE INSTITUTE. LIABILITY UNDER FIN 48 FOOTNOTE SCHEDULE D, PAGE 3, PART X THE INSTITUTES CURRENT ACCOUNTING POLICY IS TO DISCLOSE LIABILITIES FOR UNCERTAIN TAX POSITIONS WHEN A LIABILITY IS PROBABLE AND ESTIMABLE. MANAGEMENT IS NOT AWARE OF ANY VIOLATION OF ITS TAX STATUS AS AN ORGANIZATION EXEMPT FROM INCOME TAXES. RECONCILIATION OF CHANGES - OTHER SCHEDULE D, PAGE 4, PART XI, LINE 8 GAIN ON WRITE-OFF OF INTEREST PAYABLE 162,839 FINANCIAL AID -3,133,999 RENTAL EXPENSE 233,906 WRITE-OFF OF OLD PREPAID EXPENSES -195,896 RENTAL EXPENSE -233,906 FINANCIAL AID 3,133,999 BOOK / TAX DEPRECIATION DIFFERENCE 32,361 REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 2D GAIN ON WRITE-OFF OF INTEREST PAYABLE 162,839 FINANCIAL AID -3,133,999 REVENUE AMOUNTS INCLUDED ON RETURN - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 4B RENTAL EXPENSE -233,906 EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XIII, LINE 2D WRITE-OFF OF OLD PREPAID EXPENSES 195,896 RENTAL EXPENSE 233,906 EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER SCHEDULE D, PAGE 4, PART XIII, LINE 4B FINANCIAL AID 3,133,999 BOOK / TAX DEPRECIATION DIFFERENCE 32,361 true true true SEE SCHEDULE O 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. true true true true false false false false false false false false false false true true EUROPE GRANT PROGRAM SUPPORT 50000 RUSSIA AND THE NEWLY INDEPENDENT STATES 3 EMPLOYEE SALARIES TEACHERS 217441 3 267441 EUROPE PROGRAM SUPPORT 50000 WIRE TRANSFER FMV 1 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS OUTSIDE THE UNITED STATES SCHEDULE F, PAGE 1, PART I, LINE 2 IN DETERMINING WHETHER A GRANT SHOULD BE MADE BY THE ROSS INSTITUTE (THE "ORGANIZATION") TO A FOREIGN ORGANIZATION, THE FOLLOWING PROCEDURES SHALL BE FOLLOWED: (1) THE MAKING OF GRANTS AND CONTRIBUTIONS AND OTHERWISE RENDERING FINANCIAL ASSISTANCE FOR PURPOSES EXPRESSED IN THE CHARTER OF THE ORGANIZATION SHALL BE WITHIN THE EXCLUSIVE POWER OF THE BOARD OF TRUSTEES (THE "BOARD"); (2) IN FURTHERANCE OF THE ORGANIZATIONS PURPOSES, THE BOARD SHALL HAVE POWER TO MAKE GRANTS TO ANY FOREIGN ORGANIZATION ORGANIZED AND OPERATED EXCLUSIVELY CHARITABLE, SCIENTIFIC, OR EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS EMENDED (THE "CODE"); (3) THE BOARD SHALL REVIEW ALL REQUESTS FOR FUNDS FROM SUCH FOREIGN ORGANIZATIONS, SHALL REQUIRE THAT SUCH REQUESTS SPECIFY THE USE TO WHICH THE FUNDS WILL BE PUT, AND, IF THE BOARD APPROVES THE REQUEST, SHALL AUTHORIZE PAYMENT OF SUCH FUNDS TO THE APPROVED GRANTEE; (4) THE BOARD SHALL REQUIRE THAT THE GRANTEES FURNISH PERIODIC ACCOUNTINGS TO DEMONSTRATE THAT THE FUNDS WERE EXPENDED FOR THE PURPOSES WHICH WERE APPROVED BY THE BOARD; AND (5) THE BOARD MAY, IN ITS ABSOLUTE DISCRETION, REFUSE TO MAKE ANY GRANTS OR CONTRIBUTIONS OR OTHERWISE RENDER FINANCIAL ASSISTANCE TO OR FOR ANY OR ALL PURPOSES FOR WHICH FUNDS ARE REQUESTED. CLUB STARLIGHT 645860 611860 34000 143757 GRAND SLAM TENN 54458 49138 5320 15964 2 89053 76203 12850 18400 789371 737201 52170 178121 178121 -125951 true ROSS GLOBAL ACADEMY 52 CHAMBERS STREET NEW YORK NY 10007 204462539 3 821308 FMV IN-KIND SERVICE PROGRAM SUPPORT 1 SCHOLARSHIPS 211 3133999 FMV SCHOLARSHIPS PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES SCHEDULE I, PAGE 1, PART I, LINE 2 ROSS INSTITUTE REVIEWS ALL EXPENDITURES FOR WHICH ITS GRANTS AND SCHOLARSHIPS ARE INTENDED TO PAY. X true true X X X X false false false false false false false false false MICHELE CLAEYS 166022 8000 62954 236976 DIANA ACETI 132896 36766 169662 FRINGE OR EXPENSE EXPLANATION SCHEDULE J, PAGE 1, PART I, LINE 1A THE HEAD OF SCHOOL RECEIVED HOUSING ESTIMATED AT A FAIR MARKET VALUE OF 8,000. 18360733 MICHELE CLAEYS FACULTY DISCOUNT HEAD OF SCHOOL 42000 NICOLAS COMBEMALE STUDENT FIN AID VP OF BOARD 30000 PATTI SILVER STUDENT FIN AID TRUSTEE 15000 DOING BUSINESS AS FORM 990, PAGE 1, ITEM C THE ORGANIZATION'S CHARTER WAS AMENDED TO CHANGE ITS NAME FROM "THE ROSS SCHOOL" TO "ROSS INSTITUTE" ON MARCH 9, 2010. THE ORGANIZATION HAS FILED A D/B/A WITH NEW YORK STATE FOR USE OF THE NAME "THE ROSS SCHOOL." (FOR ADDITIONAL DETAIL, PLEASE SEE THE RESPONSE TO PART VI, LINE 4). PER INSTRUCTIONS FROM THE IRS, THIS RETURN IS BEING FILED UNDER THE NAME "THE ROSS SCHOOL" FOR THE 2009-2010 TAX YEAR, PENDING IRS PROCESSING OF THE CHANGE OF THE ORGANIZATION'S NAME. ANY SIGNIFICANT NEW PROGRAM SERVICES NOT LISTED ON A PRIOR RETURN FORM 990, PAGE 2, PART III, LINE 2 SEE FORM 990, PART III, LINE 4C. ALL OTHER ACHIEVEMENTS DESCRIPTION FORM 990, PAGE 2, PART III, LINE 4D DEVELOPMENT AND UTILIZATION OF TECHNOLOGY FOR EDUCATION IN AN EDUCATIONAL ENVIRONMENT. RELATED PARTY INFORMATION AMONG OFFICERS FORM 990, PAGE 6, PART VI, LINE 2 COURTNEY SALE ROSS NICOLE ROSS PRESIDENT TRUSTEE MOTHER - DAUGHTER SIGNIFICANT CHANGES TO ORGANIZATIONAL DOCUMENTS FORM 990, PAGE 6, PART VI, LINE 4 THE ORGANIZATION'S CHARTER WAS AMENDED TO CHANGE ITS NAME FROM "THE ROSS SCHOOL" TO "ROSS INSTITUTE" ON MARCH 9, 2010. THE ORGANIZATION HAS FILED A D/B/A WITH NEW YORK STATE FOR USE OF THE NAME "THE ROSS SCHOOL." A COPY OF THE AMENDMENT OF CHARTER, DATED MARCH 9, 2010, IS ATTACHED. ADDITIONALLY, BY THE SAME AMENDMENT OF CHARTER, THE ORGANIZATION HAS ADDED TO ITS PURPOSES THE FOLLOWING: "TO FOSTER EDUCATIONAL RESEARCH WORLDWIDE AND DEVELOP, IMPLEMENT AND DISSEMINATE INNOVATIVE CURRICULAR, PEDAGOGICAL METHODS AND THEORIES AND BEST PRACTICES IN EDUCATION." THESE PURPOSES WERE ADDED TO THE ORGANIZATION'S CHARTER IN CONNECTION WITH THE TRANSFER TO THE ORGANIZATION OF ALL OF THE ASSETS AND LIABILITIES OF THE ROSS INSTITUTE FOR ADVANCED STUDY AND INNOVATION IN EDUCATION, AN ORGANIZATION RECOGNIZED BY THE IRS AS EXEMPT FROM FEDERAL INCOME TAXATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). ADDITIONALLY, THE ORGANIZATION AMENDED ITS CHARTER ON DECEMBER 18, 2008, TO ADD THE FOLLOWING PURPOSES: "TO ESTABLISH, OPERATE AND MAINTAIN SUPPLEMENTAL, NON-CREDIT PROGRAMS AND SERVICES FOR THE EDUCATION, RECREATION AND GENERAL WELFARE OF THE COMMUNITY AT LARGE, INCLUDING BUT NOT LIMITED TO COURSES IN EDUCATION, PEDAGOGY, TECHNOLOGY, FINE AND PERFORMING ARTS, SCIENCES AND HUMANITIES, WELLNESS AND SPORTS; AND TO MAKE AVAILABLE IN CONNECTION THEREWITH, THE ACADEMIC AND ATHLETIC FACILITIES OF THE SCHOOL, AT SUCH TIMES WHEN SUCH FACILITIES ARE NOT IN USE FOR SCHOOL PURPOSES IF, IN THE OPINION OF THE BOARD OF TRUSTEES, SUCH USE WILL NOT BE DISRUPTIVE OF NORMAL SCHOOL OPERATIONS." ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11 A PRELIMINARY DRAFT OF THE ORGANIZATION'S FORM 990, INCLUDING ALL REQUIRED SCHEDULES WAS PROVIDED TO MANAGEMENT. THE MANAGEMENT REVIEWED THE DRAFT FORM 990 AND CONSULTED WITH THE ORGANIZATION'S ACCOUNTANTS, TAX RETURN PREPARERS, AND TAX COUNSEL, 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, WILL BE PROVIDED TO EACH MEMBER OF THE ORGANIZATION'S BOARD OF TRUSTEES AFTER FILING THEREOF WITH THE IRS. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION FOLLOWS PROCEDURES TO DETERMINE THE NAMES OF ANY PERSONS WHO MIGHT HAVE A FINANCIAL INTEREST OR POSSIBLE CONFLICT OF INTEREST IN ANY TRANSACTION. OTHER THAN RELATED PARTY ITEMS DISCLOSED IN THIS FORM 990, THERE WERE NO CONFLICTS OF INTEREST. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES APPROVES THE HEAD OF SCHOOL'S COMPENSATION BY PERFORMING AN ANALYSIS AND UTILIZING APPROPRIATE DATA AS TO THE COMPARABILITY OF THE COMPENSATION. THE COMPENSATION COMMITTEE IS REQUIRED TO ADEQUATELY DOCUMENT THE BASIS FOR ITS DETERMINATIONS. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B THE COMPENSATION 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 COMPENSATION COMMITTEE IS REQUIRED TO ADEQUATELY DOCUMENT THE BASIS FOR ITS DETERMINATIONS. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. PUBLICATION OF NONDISCRIMINATORY POLICY IN MEDIA EXPLANATION SCHEDULE E, 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. ADDITIONAL INFORMATION SCHEDULE O FORM 990, PART I, LINE 22 / SCHEDULE R, PART V, TRANSACTIONS WITH RELATED ORGANIZATIONS - IN CONNECTION WITH THE CHANGES TO THE ORGANIZATION DESCRIBED IN SCHEDULE O WITH RESPECT TO FORM 990, PART VI, LINE 4 - SIGNIFICANT CHANGES TO ORGANIZATIONAL DOCUMENTS, THE BOARDS OF TRUSTEES OF THE ORGANIZATION AND OF THE ROSS INSTITUTE FOR ADVANCED STUDY AND INNOVATION IN EDUCATION ("RIA") (A RELATED ORGANIZATION THAT HAS BEEN RECOGNIZED BY THE IRS AS EXEMPT FROM INCOME TAXATION UNDER CODE SECTION 501(C)(3)) AGREED TO THE TRANSFER OF ALL ASSETS, LIABILITIES AND ACTIVITIES FROM RIA TO THE ORGANIZATION. THIS TRANSFER WAS ACCOUNTED FOR USING THE POOLING OF INTEREST METHOD AND RESULTED IN A DECREASE IN THE BEGINNING UNRESTRICTED NET ASSETS OF THE ORGANIZATION OF 3,441,394. NET ASSETS (DEFICIT) OF (3,441,394) WERE TRANSFERRED TO THE INSTITUTE AS FOLLOWS: CASH AND CASH EQUIVALENTS 312,886 ACCOUNTS RECEIVABLE 180,586 PREPAID EXPENSES 14,094 OTHER ASSETS DEPOSITS AND ADVANCES 22,023 FURNITURE, FIXTURES, AND EQUIPMENT (NET OF ACCUMULATED DEPRECIATION) 734,068 ACCOUNTS PAYABLE AND ACCRUED EXPENSES (1,040,149) ACCRUED SALARIES (12,488) LOANS PAYABLE (3,385,984) ACCRUED INTEREST PAYABLE (162,839) PAYABLE TO ROSS SCHOOL (103,591) TOTAL (3,441,394) ROSS INSTITUTE FOR ADVANCED STUDY 560 BROADWAY STE 309 NEW YORK NY 10012 201878730 EDUCATION NY 501 7 NA ROSS INSTITUTE SWEDEN AB C/O THE ROSS INSTITUTE 560 BROADWAY STE 301 NEW YORK NY 10012 EDUCATION SW N/A NA false true false false false false false false false false false false false false false false false true ROSS INSTITUTE FOR ADVANCED STUDY R -3441394 ROSS INSTITUTE SWEDEN AB B 50000