Ross Institute FY2022 filing

East Hampton, NYUnknown exempt organizationSince 1993 EIN 01-0880911Revenue $24.6M in FY2022Latest return filed May 14, 2025

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.

87¢ of each $1 spent went to programs.
$1.1M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.1M
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
3 mo
of spending, in cash
Fine: 2.9 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
$20.3M
32% of total assets
Looks good: liabilities are 32% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 12 voting members
Looks good: 10 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$24.6M
+4% vs prior year
Spent
$34.7M
To programs
87%
Net assets
$43.7M
By yearFY2020–FY2024
Revenue
$24.6M
FY2022▲ +4%
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
$34.7M
FY2022▲ +15%
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
$43.7M
FY2022▼ -19%
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 FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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

87 cents of each dollar spent went to programs.

Program services 87% · $30.3M Management & general 12% · $4.2M Fundraising 1% · $248K

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

22 people listed on the 990; $1.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Head of School & Head of High School
$192,356Pt VII · Sec A
Head of School Adv & Ops (part Year)
$153,611Pt VII · Sec A
Director of Lower School (part Year)
$148,976Pt VII · Sec A
Tennis Pro
$144,406Pt VII · Sec A
Director of Facilities
$130,731Pt VII · Sec A
Director of Tennis
$127,910Pt VII · Sec A
$81,272Pt VII · Sec A
Office Mgr Admin & Adv. (part Year)
$73,721Pt 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.

See Ross Institute executive salaries →

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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3 programs · $30.3M · in their own filed words · FY2021
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 2022, approximately 380 students were enrolled.

$26.6Mprogram expense
02

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.

$1.8Mprogram 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.

$1.8Mprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$24.6M
Ln 12
Fees for servicesLn 2g$23.9M
Gifts and grantsLn 1h$658K
Other incomeLn 4–11$70K
Money outPt IX
$34.7M
Ln 25
Programscol B$30.3M
Managementcol C$4.2M
Fundraisingcol D$248K
Owns and owesPt X
$43.7M
net assets · Ln 32
Cash and savingsLn 1–2$8.2M
Total assetsLn 16$64.0M
LiabilitiesLn 26$20.3M
PeoplePt VI, VII
22
listed · VII A
PaidVII A9
Voting boardVI 1a12
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$658K
Noncash giftsLn 1g$25K
Fundraising eventsLn 1c$21K
Fees for servicesLn 2g$23.9M
Investment incomeLn 3$3K
Other incomeLn 4–11$70K
Total revenueLn 12$24.6M
Assets in detailPt X, end of year
CashLn 1$7.2M
SavingsLn 2$1.0M
Cash and savings togetherLn 1–2$8.2M
InvestmentsLn 11–13$347K
Land, buildings, equipmentLn 10c$53.9M
Other assetsLn 15$226K
Total assetsLn 16$64.0M
LiabilitiesLn 26$20.3M
Net assetsLn 32$43.7M
OperationsPt I, VI
EmployeesI 5290
VolunteersI 687
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$25K
EndowmentSch D · Pt V
LineFY22FY21FY20FY19FY18
End of yearLn 1g$347K$447K$447K$446K$196K
Given inLn 1b$250K
SpentLn 1d–1f$100K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$9.9M$8.2M
InvestmentsLn 11–13$297K$347K
Land, buildings, equipmentLn 10c$61.8M$53.9M
Total assetsLn 16$73.1M$64.0M
LiabilitiesLn 26$19.3M$20.3M
Net assetsLn 32$53.7M$43.7M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$3.6M$3.6M
Pay of current officers, directors and key staffLn 5$686K$610K$71K$6K
Other salaries and wagesLn 7$10.3M$9.2M$1.1M$85K
Other employee benefitsLn 9$954K$848K$98K$8K
Payroll taxesLn 10$777K$690K$80K$6K
Legal feesLn 11b$1.1M$1.1M
Accounting feesLn 11c$137K$137K
Other fees for servicesLn 11g$1.0M$761K$258K$2K
Advertising and promotionLn 12$145K$145K
Office expensesLn 13$739K$545K$191K$4K
Information technologyLn 14$162K$144K$18K
OccupancyLn 16$3.0M$3.0M$5K$601
TravelLn 17$928K$927K$715
InterestLn 20$570K$100K$468K$2K
Depreciation, depletion and amortizationLn 22$8.1M$7.9M$212K$24K
InsuranceLn 23$440K$414K$22K$4K
Other expenses (24a–d)Ln 24$1.7M$1.6M$78K$104K
All other expensesLn 24e$279K$56K$220K$3K
Total functional expensesLn 25$34.7M$30.3M$4.2M$248K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS May 14, 2025 $23.2M$30.2M−$7.0M$31.2M 990 PDF
FY2023Filed with the IRS May 15, 2024 $28.6M$34.1M−$5.5M$38.2M 990 PDF
FY2022 ViewingFiled with the IRS May 15, 2023 $24.6M$34.7M−$10.1M$43.7M 990 PDF
FY2021Filed with the IRS May 16, 2022 $23.7M$30.2M−$6.5M$53.7M 990 PDF
FY2020Filed with the IRS May 17, 2021 $28.5M$34.9M−$6.4M$60.2M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $24,615,491 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,037,657$658,227
I-9 Program service revenuePrior year $20,690,122$23,884,203
I-10 Investment incomePrior year −$50,174$3,290
I-11 Other revenuePrior year $25,576$69,771
I-12 Total revenuePrior year $23,703,181$24,615,491
I-13 Grants and similar amounts paidPrior year $3,307,531$3,586,197
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $11,246,573$12,745,336
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $15,608,133$18,341,985
I-18 Total expensesPrior year $30,162,237$34,673,518
I-19 Revenue less expensesPrior year −$6,459,056−$10,058,027
Part VI · Governance 10 of 12 board members independent, 2 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members10
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 $24,615,491 across 8 lines filed
Lines not itemized here account for $69,771 of total revenue; see the IRS return.
VIII-1c Fundraising events$21,264
VIII-1f All other contributions, gifts and grants$636,963
VIII-1g Noncash contributions (included above)$25,000
VIII-1h Total contributions, gifts and grants$658,227
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $23,781,404 · Unrelated business $102,799$23,884,203
VIII-3 Investment incomeExcluded from tax $3,290$3,290
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $23,851,175 · Unrelated business $102,799 · Excluded from tax $3,290$24,615,491
Part IX · Statement of functional expenses $34,673,518 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $3,586,197$3,586,197
IX-5 Pay of current officers, directors and key staffPrograms $609,746 · Management $70,956 · Fundraising $5,664$686,366
IX-7 Other salaries and wagesPrograms $9,174,836 · Management $1,067,832 · Fundraising $85,239$10,327,907
IX-9 Other employee benefitsPrograms $847,705 · Management $98,379 · Fundraising $7,854$953,938
IX-10 Payroll taxesPrograms $690,362 · Management $80,349 · Fundraising $6,414$777,125
IX-11b Legal feesManagement $1,098,944$1,098,944
IX-11c Accounting feesManagement $136,930$136,930
IX-11g Other fees for servicesPrograms $761,355 · Management $257,730 · Fundraising $2,007$1,021,092
IX-12 Advertising and promotionManagement $145,318$145,318
IX-13 Office expensesPrograms $544,606 · Management $191,195 · Fundraising $3,608$739,409
IX-14 Information technologyPrograms $144,099 · Management $17,958$162,057
IX-16 OccupancyPrograms $2,952,650 · Management $5,410 · Fundraising $601$2,958,661
IX-17 TravelPrograms $927,220 · Management $715$927,935
IX-20 InterestPrograms $99,878 · Management $468,063 · Fundraising $2,220$570,161
IX-22 Depreciation, depletion and amortizationPrograms $7,880,658 · Management $212,286 · Fundraising $23,587$8,116,531
IX-23 InsurancePrograms $413,924 · Management $22,017 · Fundraising $4,403$440,344
IX-24 Other expenses (24a–d)Programs $1,563,975 · Management $77,678 · Fundraising $103,833$1,745,486
IX-24e All other expensesPrograms $56,335 · Management $220,209 · Fundraising $2,573$279,117
IX-25 Total functional expensesPrograms $30,253,546 · Management $4,171,969 · Fundraising $248,003$34,673,518
Part X · Balance sheet $63,989,493 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 $4,314,778$7,234,889
X-2 Savings and temporary cash investmentsStart of year $5,543,781$1,009,811
X-3 Pledges and grants receivableStart of year $189,250$146,930
X-4 Accounts receivableStart of year $242,139$274,395
X-9 Prepaid expenses and deferred chargesStart of year $305,446$796,217
X-10c Land, buildings and equipment, netStart of year $61,844,867$53,882,344
X-12 Other securitiesStart of year $296,659$346,680
X-15 Other assetsStart of year $242,100$226,100
X-16 Total assetsStart of year $73,051,147$63,989,493
X-17 Accounts payable and accrued expensesStart of year $2,014,734$2,837,001
X-19 Deferred revenueStart of year $7,457,710$6,910,943
X-25 Other liabilitiesStart of year $69,643$13,980
X-26 Total liabilitiesStart of year $19,321,723$20,318,096
X-27 Net assets without donor restrictionsStart of year $51,694,519$42,031,176
X-28 Net assets with donor restrictionsStart of year $2,034,905$1,640,221
X-32 Total net assets or fund balancesStart of year $53,729,424$43,671,397
X-33 Total liabilities and net assetsStart of year $73,051,147$63,989,493
Part XI · Reconciliation of net assets $43,671,397 net assets at year end
XI-1 Total revenue$24,615,491
XI-2 Total expenses$34,673,518
XI-3 Revenue less expenses−$10,058,027
XI-4 Net assets at start of year$53,729,424
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$43,671,397

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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