Ross Institute

East Hampton, NYUnknown exempt organizationSince 1993 EIN 01-0880911Revenue $23.2M in FY2024

On file with the IRSrossinstitute.org18 Goodfriend Drive · East Hampton, NY

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To change the way education meets the future through leadership & engaging the global community.

90¢ of each $1 spent went to programs.
Run by 87 volunteers and 290 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $7.1M a year · 27% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.6M
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$22.4M
42% of total assets
Looks good: liabilities are 42% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 20 voting members
Looks good: 18 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$23.2M
-19% vs prior year
Spent
$30.2M
To programs
90%
Net assets
$31.2M
By yearFY2020–FY2024
Revenue
$23.2M
FY2024▼ -19%
Tap a bar for its year
Revenue by fiscal year
FY2020$28.5M
FY2021$23.7M
FY2022$24.6M
FY2023$28.6M
FY2024$23.2M
Expenses
$30.2M
FY2024▼ -11%
Tap a bar for its year
Expenses by fiscal year
FY2020$34.9M
FY2021$30.2M
FY2022$34.7M
FY2023$34.1M
FY2024$30.2M
Net assets
$31.2M
FY2024▼ -18%
Tap a bar for its year
Net assets by fiscal year
FY2020$60.2M
FY2021$53.7M
FY2022$43.7M
FY2023$38.2M
FY2024$31.2M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $27.3M Management & general 9% · $2.8M Fundraising 0% · $57K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

28 people listed on the 990; $1.6M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Head of School
$442,718Pt VII · Sec A
$195,227Pt VII · Sec A
Head of Upper School
$183,187Pt VII · Sec A
Former Head of School
$177,009Pt VII · Sec A
Head of Lower School
$159,845Pt VII · Sec A
Tennis Pro
$145,941Pt VII · Sec A
Director of Tennis
$142,367Pt VII · Sec A
Head of Middle School
$137,116Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Thomas Sturtevant$442,718$181,290———
Charles Abelmann$177,009$337,965———
Valerie Vlacancich$195,227$190,409$81,272——
William O'Hearn—$137,605$192,356$189,279$169,456
Mark Frankel$183,187————
Jeanette Tyndall——$148,976$157,835$172,936
Andrea O'Hearn——$153,611$170,396$170,396
Bryan Rosenberg$159,845$156,213———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II3 listed

Programs and updates

Empowering future education through global leadership and community engagement.

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Provided by the organization

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3 programs · $27.3M · in their own filed words · FY2023
01

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 2024, approximately 325 students were enrolled.

$25.4Mprogram expense
02

Summer Camp Income

Summer camp for children Pre-Nursery to grade 12.

$1.4Mprogram expense
03

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.

$546Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$5K
Grants paid · 7 grants · $18.6M · 2019–2023
Unitemized GrantFY2023$3,364,032
Unitemized GrantFY2022$3,591,324
Unitemized GrantFY2021$3,586,197
Unitemized GrantFY2020$3,281,411
Unitemized GrantFY2020$26,120
Unitemized GrantFY2019$4,587,243
Unitemized GrantFY2019$209,112

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$23.2M
Ln 12
Fees for servicesLn 2g$22.3M
Gifts and grantsLn 1h$617K
Investment incomeLn 3$144K
Money outPt IX
$30.2M
Ln 25
Programscol B$27.3M
Managementcol C$2.8M
Fundraisingcol D$57K
Owns and owesPt X
$31.2M
net assets · Ln 32
Cash and savingsLn 1–2$6.3M
Total assetsLn 16$53.6M
LiabilitiesLn 26$22.4M
PeoplePt VI, VII
28
listed · VII A
PaidVII A8
Voting boardVI 1a20
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$617K
Government grantsLn 1e$36K
Noncash giftsLn 1g$45K
Fundraising eventsLn 1c$140K
Fees for servicesLn 2g$22.3M
Investment incomeLn 3$144K
Other incomeLn 4–11$121K
Total revenueLn 12$23.2M
Assets in detailPt X, end of year
CashLn 1$5.9M
SavingsLn 2$461K
Cash and savings togetherLn 1–2$6.3M
InvestmentsLn 11–13$350K
Land, buildings, equipmentLn 10c$43.6M
Other assetsLn 15$2.2M
Total assetsLn 16$53.6M
LiabilitiesLn 26$22.4M
Net assetsLn 32$31.2M
OperationsPt I, VI
EmployeesI 5290
VolunteersI 687
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$8.3M$6.3M
InvestmentsLn 11–13$347K$350K
Land, buildings, equipmentLn 10c$48.1M$43.6M
Total assetsLn 16$60.8M$53.6M
LiabilitiesLn 26$22.6M$22.4M
Net assetsLn 32$38.2M$31.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$3.4M$3.4M
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$797K$717K$78K$1K
Other salaries and wagesLn 7$10.3M$9.3M$1.0M$18K
Pension plan contributionsLn 8$66K$60K$6K$117
Other employee benefitsLn 9$1.2M$1.0M$114K$2K
Payroll taxesLn 10$781K$704K$76K$1K
Accounting feesLn 11c$90K$90K
Other fees for servicesLn 11g$1.2M$1.0M$189K$67
Advertising and promotionLn 12$128K$128K
Office expensesLn 13$628K$592K$36K$410
Information technologyLn 14$108K$97K$11K
OccupancyLn 16$2.9M$2.9M$11K$672
TravelLn 17$1.0M$1.0M$2K
InterestLn 20$662K$185K$473K$4K
Depreciation, depletion and amortizationLn 22$4.6M$4.4M$207K$23K
InsuranceLn 23$596K$560K$30K$6K
Other expenses (24a–d)Ln 24$1.4M$1.3M$109K
All other expensesLn 24e$405K$124K$281K$0
Total functional expensesLn 25$30.2M$27.3M$2.8M$57K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $23.2M$30.2M−$7.0M$31.2M 990 PDF
FY2023 $28.6M$34.1M−$5.5M$38.2M 990 PDF
FY2022 $24.6M$34.7M−$10.1M$43.7M 990 PDF
FY2021 $23.7M$30.2M−$6.5M$53.7M 990 PDF
FY2020 $28.5M$34.9M−$6.4M$60.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants M · Noncash J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $23,211,999 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,839,441$616,764
I-9 Program service revenuePrior year $24,732,953$22,330,430
I-10 Investment incomePrior year $14,669$143,862
I-11 Other revenuePrior year $50,130$120,943
I-12 Total revenuePrior year $28,637,193$23,211,999
I-13 Grants and similar amounts paidPrior year $3,591,324$3,364,032
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $13,533,201$13,092,795
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $16,993,811$13,765,260
I-18 Total expensesPrior year $34,118,336$30,222,087
I-19 Revenue less expensesPrior year −$5,481,143−$7,010,088
Part VI · Governance 18 of 20 board members independent, 2 to look at
VI-1a Voting members of the governing body20
VI-1b Independent voting members18
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $23,211,999 across 9 lines filed
Lines not itemized here account for $143,014 of total revenue; see the IRS return.
VIII-1c Fundraising events$139,531
VIII-1e Government grants$36,364
VIII-1f All other contributions, gifts and grants$440,869
VIII-1g Noncash contributions (included above)$44,906
VIII-1h Total contributions, gifts and grants$616,764
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $22,229,799 · Unrelated business $100,631$22,330,430
VIII-3 Investment incomeExcluded from tax $143,862$143,862
VIII-8 Net income from fundraising eventsExcluded from tax −$22,071−$22,071
VIII-12 Total revenueRelated to mission $22,372,813 · Unrelated business $100,631 · Excluded from tax $121,791$23,211,999
Part IX · Statement of functional expenses $30,222,087 across 19 lines filed
IX-2 Grants to domestic individualsPrograms $3,364,032$3,364,032
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $717,420 · Management $77,727 · Fundraising $1,397$796,544
IX-7 Other salaries and wagesPrograms $9,263,235 · Management $1,003,493 · Fundraising $18,035$10,284,763
IX-8 Pension plan contributionsPrograms $59,780 · Management $6,490 · Fundraising $117$66,387
IX-9 Other employee benefitsPrograms $1,047,983 · Management $113,779 · Fundraising $2,045$1,163,807
IX-10 Payroll taxesPrograms $703,538 · Management $76,383 · Fundraising $1,373$781,294
IX-11c Accounting feesManagement $90,390$90,390
IX-11g Other fees for servicesPrograms $1,000,481 · Management $189,410 · Fundraising $67$1,189,958
IX-12 Advertising and promotionManagement $128,277$128,277
IX-13 Office expensesPrograms $591,520 · Management $35,812 · Fundraising $410$627,742
IX-14 Information technologyPrograms $97,019 · Management $11,285$108,304
IX-16 OccupancyPrograms $2,913,408 · Management $10,740 · Fundraising $672$2,924,820
IX-17 TravelPrograms $1,018,282 · Management $1,807$1,020,089
IX-20 InterestPrograms $185,488 · Management $472,774 · Fundraising $4,122$662,384
IX-22 Depreciation, depletion and amortizationPrograms $4,371,675 · Management $207,079 · Fundraising $23,009$4,601,763
IX-23 InsurancePrograms $560,324 · Management $29,804 · Fundraising $5,961$596,089
IX-24 Other expenses (24a–d)Programs $1,301,708 · Management $108,616$1,410,324
IX-24e All other expensesPrograms $124,225 · Management $280,895 · Fundraising $0$405,120
IX-25 Total functional expensesPrograms $27,320,118 · Management $2,844,761 · Fundraising $57,208$30,222,087
Part X · Balance sheet $53,604,772 assets, 17 lines filed
Asset lines not itemized here account for $72,127; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $7,814,830$5,881,666
X-2 Savings and temporary cash investmentsStart of year $460,635$460,635
X-3 Pledges and grants receivableStart of year $35,000$63,943
X-4 Accounts receivableStart of year $310,350$369,059
X-9 Prepaid expenses and deferred chargesStart of year $607,057$546,675
X-10c Land, buildings and equipment, netStart of year $48,061,053$43,649,489
X-12 Other securitiesStart of year $346,680$349,734
X-15 Other assetsStart of year $3,078,483$2,211,444
X-16 Total assetsStart of year $60,786,215$53,604,772
X-17 Accounts payable and accrued expensesStart of year $2,701,936$2,278,480
X-19 Deferred revenueStart of year $5,894,115$6,469,362
X-25 Other liabilitiesStart of year $2,969,084$2,072,637
X-26 Total liabilitiesStart of year $22,595,961$22,424,606
X-27 Net assets without donor restrictionsStart of year $37,181,948$30,587,292
X-28 Net assets with donor restrictionsStart of year $1,008,306$592,874
X-32 Total net assets or fund balancesStart of year $38,190,254$31,180,166
X-33 Total liabilities and net assetsStart of year $60,786,215$53,604,772
Part XI · Reconciliation of net assets $31,180,166 net assets at year end
XI-1 Total revenue$23,211,999
XI-2 Total expenses$30,222,087
XI-3 Revenue less expenses−$7,010,088
XI-4 Net assets at start of year$38,190,254
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$31,180,166

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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