Ross Institute FY2023 filing

East Hampton, NYUnknown exempt organizationSince 1993 EIN 01-0880911Revenue $28.6M in FY2023

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

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

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

90¢ of each $1 spent went to programs.
$1.4M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
$1.4M
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% 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
$22.6M
37% of total assets
Looks good: liabilities are 37% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 14 voting members
Looks good: 12 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$28.6M
+16% vs prior year
Spent
$34.1M
To programs
90%
Net assets
$38.2M
By yearFY2020–FY2024
Revenue
$28.6M
FY2023▲ +16%
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
$34.1M
FY2023▼ -2%
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
$38.2M
FY2023▼ -13%
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 FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2023 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

90 cents of each dollar spent went to programs.

Program services 90% · $30.8M Management & general 9% · $3.2M Fundraising 0% · $94K

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

Something off? Claim to add context

Who runs it and what they're paid

25 people listed on the 990; $1.4M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Former Head of School
$337,965Pt VII · Sec A
$190,409Pt VII · Sec A
Head of School
$181,290Pt VII · Sec A
Head of Lower School
$156,213Pt VII · Sec A
Tennis Pro
$149,334Pt VII · Sec A
Director of Tennis
$142,476Pt VII · Sec A
Head of School & Head of High School
$137,605Pt VII · Sec A
Secretary Office Mgr Admin & Adv. (part Year)
$81,888Pt 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 →

On this list? Claim this org

Something off? Claim to add context

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.

Questions for Ross Institute

Tap to ask. Ross Institute sees how many people are interested.

Your first name shows with your question. Ross Institute answers here, for everyone.

Provided by the organization

Know this org? Add your story

3 programs · $30.8M · in their own filed words · FY2022
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 2023, approximately 380 students were enrolled.

$27.1Mprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$28.6M
Ln 12
Fees for servicesLn 2g$24.7M
Gifts and grantsLn 1h$3.8M
Other incomeLn 4–11$50K
Money outPt IX
$34.1M
Ln 25
Programscol B$30.8M
Managementcol C$3.2M
Fundraisingcol D$94K
Owns and owesPt X
$38.2M
net assets · Ln 32
Cash and savingsLn 1–2$8.3M
Total assetsLn 16$60.8M
LiabilitiesLn 26$22.6M
PeoplePt VI, VII
25
listed · VII A
PaidVII A8
Voting boardVI 1a14
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.8M
Government grantsLn 1e$3.5M
Fees for servicesLn 2g$24.7M
Investment incomeLn 3$15K
Other incomeLn 4–11$50K
Total revenueLn 12$28.6M
Assets in detailPt X, end of year
CashLn 1$7.8M
SavingsLn 2$461K
Cash and savings togetherLn 1–2$8.3M
InvestmentsLn 11–13$347K
Land, buildings, equipmentLn 10c$48.1M
Other assetsLn 15$3.1M
Total assetsLn 16$60.8M
LiabilitiesLn 26$22.6M
Net assetsLn 32$38.2M
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 FY23End FY23
Cash and savingsLn 1–2$8.2M$8.3M
InvestmentsLn 11–13$347K$347K
Land, buildings, equipmentLn 10c$53.9M$48.1M
Total assetsLn 16$64.0M$60.8M
LiabilitiesLn 26$20.3M$22.6M
Net assetsLn 32$43.7M$38.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$3.6M$3.6M
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$755K$683K$69K$3K
Pay of disqualified personsLn 6$152K$138K$14K$649
Other salaries and wagesLn 7$10.7M$9.7M$980K$46K
Other employee benefitsLn 9$1.1M$957K$97K$5K
Payroll taxesLn 10$824K$746K$75K$4K
Legal feesLn 11b$174K$174K
Accounting feesLn 11c$82K$82K
Other fees for servicesLn 11g$1.3M$991K$307K$51
Advertising and promotionLn 12$103K$103K
Office expensesLn 13$1.0M$993K$18K$496
Information technologyLn 14$132K$119K$12K
OccupancyLn 16$3.3M$3.3M$6K$635
TravelLn 17$1.4M$1.4M$56
InterestLn 20$654K$176K$475K$4K
Depreciation, depletion and amortizationLn 22$6.2M$6.0M$204K$23K
InsuranceLn 23$538K$506K$27K$5K
Other expenses (24a–d)Ln 24$1.7M$1.4M$349K$3K
All other expensesLn 24e$395K$156K$238K$651
Total functional expensesLn 25$34.1M$30.8M$3.2M$94K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $23.2M$30.2M−$7.0M$31.2M 990 PDF
FY2023 Viewing $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

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $28,637,193 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $658,227$3,839,441
I-9 Program service revenuePrior year $23,884,203$24,732,953
I-10 Investment incomePrior year $3,290$14,669
I-11 Other revenuePrior year $69,771$50,130
I-12 Total revenuePrior year $24,615,491$28,637,193
I-13 Grants and similar amounts paidPrior year $3,586,197$3,591,324
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $12,745,336$13,533,201
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $18,341,985$16,993,811
I-18 Total expensesPrior year $34,673,518$34,118,336
I-19 Revenue less expensesPrior year −$10,058,027−$5,481,143
Part VI · Governance 12 of 14 board members independent, 2 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members12
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 $28,637,193 across 6 lines filed
Lines not itemized here account for $50,130 of total revenue; see the IRS return.
VIII-1e Government grants$3,530,543
VIII-1f All other contributions, gifts and grants$308,898
VIII-1h Total contributions, gifts and grants$3,839,441
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $24,662,548 · Unrelated business $70,405$24,732,953
VIII-3 Investment incomeExcluded from tax $14,669$14,669
VIII-12 Total revenueRelated to mission $24,712,678 · Unrelated business $70,405 · Excluded from tax $14,669$28,637,193
Part IX · Statement of functional expenses $34,118,336 across 20 lines filed
IX-2 Grants to domestic individualsPrograms $3,591,324$3,591,324
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $682,911 · Management $68,837 · Fundraising $3,221$754,969
IX-6 Pay of disqualified personsPrograms $137,672 · Management $13,878 · Fundraising $649$152,199
IX-7 Other salaries and wagesPrograms $9,718,352 · Management $979,506 · Fundraising $45,829$10,743,687
IX-9 Other employee benefitsPrograms $956,926 · Management $96,695 · Fundraising $4,524$1,058,145
IX-10 Payroll taxesPrograms $745,542 · Management $75,143 · Fundraising $3,516$824,201
IX-11b Legal feesManagement $173,885$173,885
IX-11c Accounting feesManagement $82,319$82,319
IX-11g Other fees for servicesPrograms $991,437 · Management $306,834 · Fundraising $51$1,298,322
IX-12 Advertising and promotionManagement $102,909$102,909
IX-13 Office expensesPrograms $993,014 · Management $18,233 · Fundraising $496$1,011,743
IX-14 Information technologyPrograms $119,271 · Management $12,260$131,531
IX-16 OccupancyPrograms $3,260,597 · Management $5,711 · Fundraising $635$3,266,943
IX-17 TravelPrograms $1,390,309 · Management $56$1,390,365
IX-20 InterestPrograms $175,658 · Management $474,799 · Fundraising $3,904$654,361
IX-22 Depreciation, depletion and amortizationPrograms $5,983,788 · Management $203,984 · Fundraising $22,665$6,210,437
IX-23 InsurancePrograms $505,570 · Management $26,892 · Fundraising $5,378$537,840
IX-24 Other expenses (24a–d)Programs $1,385,819 · Management $349,435 · Fundraising $2,860$1,738,114
IX-24e All other expensesPrograms $156,020 · Management $238,371 · Fundraising $651$395,042
IX-25 Total functional expensesPrograms $30,794,210 · Management $3,229,747 · Fundraising $94,379$34,118,336
Part X · Balance sheet $60,786,215 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 $7,234,889$7,814,830
X-2 Savings and temporary cash investmentsStart of year $1,009,811$460,635
X-3 Pledges and grants receivableStart of year $146,930$35,000
X-4 Accounts receivableStart of year $274,395$310,350
X-9 Prepaid expenses and deferred chargesStart of year $796,217$607,057
X-10c Land, buildings and equipment, netStart of year $53,882,344$48,061,053
X-12 Other securitiesStart of year $346,680$346,680
X-15 Other assetsStart of year $226,100$3,078,483
X-16 Total assetsStart of year $63,989,493$60,786,215
X-17 Accounts payable and accrued expensesStart of year $2,837,001$2,701,936
X-19 Deferred revenueStart of year $6,910,943$5,894,115
X-25 Other liabilitiesStart of year $13,980$2,969,084
X-26 Total liabilitiesStart of year $20,318,096$22,595,961
X-27 Net assets without donor restrictionsStart of year $42,031,176$37,181,948
X-28 Net assets with donor restrictionsStart of year $1,640,221$1,008,306
X-32 Total net assets or fund balancesStart of year $43,671,397$38,190,254
X-33 Total liabilities and net assetsStart of year $63,989,493$60,786,215
Part XI · Reconciliation of net assets $38,190,254 net assets at year end
XI-1 Total revenue$28,637,193
XI-2 Total expenses$34,118,336
XI-3 Revenue less expenses−$5,481,143
XI-4 Net assets at start of year$43,671,397
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$38,190,254

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.