Ross Institute FY2021 filing

East Hampton, NYUnknown exempt organizationSince 1993EIN 01-0880911Revenue $23.7M in FY2021

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.

89¢ of each $1 spent went to programs.
$1.0M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2021 · 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
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.0M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.9 months of spending in cash; 3 or more.
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
$19.3M
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 11 voting members
Looks good: 9 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$23.7M
-17% vs prior year
Spent
$30.2M
To programs
89%
Net assets
$53.7M
By yearFY2020–FY2024
Revenue
$23.7M
FY2021▼ -17%
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
FY2021▼ -13%
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
$53.7M
FY2021▼ -11%
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 FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

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

89 cents of each dollar spent went to programs.

Program services 89% · $26.8M Management & general 11% · $3.3M Fundraising 0% · $105K

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

20 people listed on the 990; $1.0M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Head of School & Head of High School
$189,279Pt VII · Sec A
Head of School for Adv. & Ops
$170,396Pt VII · Sec A
Head of Lower & Middle School
$157,835Pt VII · Sec A
Director of Facilities
$128,370Pt VII · Sec A
Director of Academics
$119,145Pt VII · Sec A
Dir. of Comm. Prog./Dean of Students
$111,157Pt VII · Sec A
Controller (part Year)
$104,848Pt VII · Sec A
Secretary/Office Mgr Admin & Adv.
$65,807Pt 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 · $26.8M · in their own filed words · FY2020
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 2021, approximately 380 students were enrolled.

$24.9Mprogram expense
02

The Tennis Center is open to the public after school hours. There are a variety of different programs and services officed - clinics, classes, court rentals, tournaments, mixers, match plays, summer camps and lessons.

$1.6Mprogram expense
03

Summer Camp Income

Summer camp for children Pre-Nursery to grade 12. This includes tennis sports camp, innovation lab, ESOL, Mathematics and SAT prep for the students enrolled.

$262Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$23.7M
Ln 12
Fees for servicesLn 2g$20.7M
Gifts and grantsLn 1h$3.0M
Investment incomeLn 3$4K
Money outPt IX
$30.2M
Ln 25
Programscol B$26.8M
Managementcol C$3.3M
Fundraisingcol D$105K
Owns and owesPt X
$53.7M
net assets · Ln 32
Cash and savingsLn 1–2$9.9M
Total assetsLn 16$73.1M
LiabilitiesLn 26$19.3M
PeoplePt VI, VII
20
listed · VII A
PaidVII A8
Voting boardVI 1a11
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.0M
Government grantsLn 1e$2.5M
Fees for servicesLn 2g$20.7M
Investment incomeLn 3$4K
Gains on assetsLn 7−$54K
Total revenueLn 12$23.7M
Assets in detailPt X, end of year
CashLn 1$4.3M
SavingsLn 2$5.5M
Cash and savings togetherLn 1–2$9.9M
InvestmentsLn 11–13$297K
Land, buildings, equipmentLn 10c$61.8M
Other assetsLn 15$242K
Total assetsLn 16$73.1M
LiabilitiesLn 26$19.3M
Net assetsLn 32$53.7M
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 FY21End FY21
Cash and savingsLn 1–2$4.3M$9.9M
InvestmentsLn 11–13$297K$297K
Land, buildings, equipmentLn 10c$71.6M$61.8M
Total assetsLn 16$77.3M$73.1M
LiabilitiesLn 26$17.1M$19.3M
Net assetsLn 32$60.2M$53.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$3.3M$3.3M
Pay of current officers, directors and key staffLn 5$544K$493K$48K$3K
Other salaries and wagesLn 7$9.1M$8.3M$804K$45K
Other employee benefitsLn 9$995K$902K$88K$5K
Payroll taxesLn 10$602K$546K$53K$3K
Legal feesLn 11b$165K$3K$162K
Accounting feesLn 11c$85K$85K
Other fees for servicesLn 11g$897K$342K$545K$10K
Advertising and promotionLn 12$158K$158K
Office expensesLn 13$363K$350K$12K$1K
Information technologyLn 14$133K$124K$9K
OccupancyLn 16$2.9M$2.9M$5K$608
TravelLn 17$60K$60K$56
Conferences, conventions and meetingsLn 19$17K$16K$551
InterestLn 20$561K$114K$444K$3K
Depreciation, depletion and amortizationLn 22$8.2M$8.0M$216K$24K
InsuranceLn 23$472K$443K$24K$5K
Other expenses (24a–d)Ln 24$1.5M$859K$651K$6K
All other expensesLn 24e$43K$41K$455$928
Total functional expensesLn 25$30.2M$26.8M$3.3M$105K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $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 I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $23,703,181 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,354,616$3,037,657
I-9 Program service revenuePrior year $25,006,291$20,690,122
I-10 Investment incomePrior year $1,972−$50,174
I-11 Other revenuePrior year $146,509$25,576
I-12 Total revenuePrior year $28,509,388$23,703,181
I-13 Grants and similar amounts paidPrior year $4,796,355$3,307,531
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $12,116,377$11,246,573
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $17,956,268$15,608,133
I-18 Total expensesPrior year $34,869,000$30,162,237
I-19 Revenue less expensesPrior year −$6,359,612−$6,459,056
Part VI · Governance 9 of 11 board members independent, 2 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members9
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 $23,703,181 across 7 lines filed
Lines not itemized here account for $25,576 of total revenue; see the IRS return.
VIII-1e Government grants$2,543,243
VIII-1f All other contributions, gifts and grants$494,414
VIII-1h Total contributions, gifts and grants$3,037,657
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $20,554,286 · Unrelated business $135,836$20,690,122
VIII-3 Investment incomeExcluded from tax $4,267$4,267
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$54,441−$54,441
VIII-12 Total revenueRelated to mission $20,579,862 · Unrelated business $135,836 · Excluded from tax −$50,174$23,703,181
Part IX · Statement of functional expenses $30,162,237 across 19 lines filed
IX-2 Grants to domestic individualsPrograms $3,307,531$3,307,531
IX-5 Pay of current officers, directors and key staffPrograms $493,269 · Management $48,239 · Fundraising $2,725$544,233
IX-7 Other salaries and wagesPrograms $8,256,045 · Management $803,583 · Fundraising $45,388$9,105,016
IX-9 Other employee benefitsPrograms $901,728 · Management $88,185 · Fundraising $4,981$994,894
IX-10 Payroll taxesPrograms $546,016 · Management $53,398 · Fundraising $3,016$602,430
IX-11b Legal feesPrograms $3,376 · Management $161,920$165,296
IX-11c Accounting feesManagement $84,775$84,775
IX-11g Other fees for servicesPrograms $342,341 · Management $544,891 · Fundraising $9,625$896,857
IX-12 Advertising and promotionManagement $157,628$157,628
IX-13 Office expensesPrograms $349,648 · Management $12,100 · Fundraising $1,006$362,754
IX-14 Information technologyPrograms $123,685 · Management $9,466$133,151
IX-16 OccupancyPrograms $2,916,755 · Management $5,469 · Fundraising $608$2,922,832
IX-17 TravelPrograms $60,111 · Management $56$60,167
IX-19 Conferences, conventions and meetingsPrograms $16,369 · Management $551$16,920
IX-20 InterestPrograms $114,044 · Management $444,354 · Fundraising $2,534$560,932
IX-22 Depreciation, depletion and amortizationPrograms $7,976,595 · Management $216,292 · Fundraising $24,032$8,216,919
IX-23 InsurancePrograms $443,464 · Management $23,589 · Fundraising $4,718$471,771
IX-24 Other expenses (24a–d)Programs $859,083 · Management $650,555 · Fundraising $5,921$1,515,559
IX-24e All other expensesPrograms $41,189 · Management $455 · Fundraising $928$42,572
IX-25 Total functional expensesPrograms $26,751,249 · Management $3,305,506 · Fundraising $105,482$30,162,237
Part X · Balance sheet $73,051,147 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 $2,792,328$4,314,778
X-2 Savings and temporary cash investmentsStart of year $1,511,880$5,543,781
X-3 Pledges and grants receivableStart of year $212,300$189,250
X-4 Accounts receivableStart of year $281,381$242,139
X-9 Prepaid expenses and deferred chargesStart of year $270,893$305,446
X-10c Land, buildings and equipment, netStart of year $71,619,572$61,844,867
X-12 Other securitiesStart of year $296,552$296,659
X-15 Other assetsStart of year $247,100$242,100
X-16 Total assetsStart of year $77,304,133$73,051,147
X-17 Accounts payable and accrued expensesStart of year $1,759,907$2,014,734
X-19 Deferred revenueStart of year $3,746,081$7,457,710
X-25 Other liabilitiesStart of year $312,028$69,643
X-26 Total liabilitiesStart of year $17,115,653$19,321,723
X-27 Net assets without donor restrictionsStart of year $57,686,996$51,694,519
X-28 Net assets with donor restrictionsStart of year $2,501,484$2,034,905
X-32 Total net assets or fund balancesStart of year $60,188,480$53,729,424
X-33 Total liabilities and net assetsStart of year $77,304,133$73,051,147
Part XI · Reconciliation of net assets $53,729,424 net assets at year end
XI-1 Total revenue$23,703,181
XI-2 Total expenses$30,162,237
XI-3 Revenue less expenses−$6,459,056
XI-4 Net assets at start of year$60,188,480
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$53,729,424

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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