The Ross Institute Inc
- Assets
- $73.1m
- Revenue
- $23.7m
- Investments
- $296.7k
- Employees
- 293
- Location
- East Hampton, NY
- Founding
- 08/2007
- Data as of
- 06/2021
- EIN
- 01-0880911
Organization Overview
The Ross Institute Inc, operating under the name The Ross School, is located in East Hampton, NY. The organization was established in 2007. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Ross School employed 293 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ross School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Ross School generated $23.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $30.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CHANGE THE WAY EDUCATION MEETS THE FUTURE THROUGH LEADERSHIP & ENGAGING THE GLOBAL COMMUNITY.
Describe the Organization's Program Activity:
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.
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. THE TENNIS ACADEMY PROGRAM (RSTA) RUNS DURING THE WEEK AND IS A SMALL, INTIMATE PROGRAM THAT ALLOWS PLAYERS TO DEVELOP LASTING RELATIONSHIPS WITH COACHES WHILE RECEIVING PERSONALIZED INSTRUCTION. ATHLETES WHO ATTEND RSTA RECEIVE HIGH-PERFORMANCE TENNIS TRAINING WHILE FOLLOWING A STIMULATING COLLEGE PREPARATORY CURRICULUM WITH THEIR PEERS DURING THE SCHOOL YEAR. ADULT CLASSES RUN IN THE MORNING AND ABOUT 80 ADULTS ENROLL PER SESSION. AFTER SCHOOL PROGRAMS RANGE FROM AGES 5-15 AND ABOUT 110 KIDS ARE ENROLLED IN THIS PROGRAM. COURT RENTALS ARE OFFERED ON THE WEEKENDS WITH ABOUT 100 CLIENTS REGULARLY BOOKING COURT RENTALS. LESSONS ARE OFFERED AFTER SCHOOL AND ON THE WEEKENDS WITH AGES RANGING FROM 3-70. ROSS HAS ABOUT 180 CLIENTS REGULARLY BOOKING LESSONS. JUNIOR TOURNAMENTS AND MATCH PLAYS ARE OFFERED ON THE WEEKENDS FOR AGES 8-18 AND ABOUT 200 KIDS NORMALLY SIGN UP FOR TOURNAMENTS. THE SUMMER CAMP IS HELD FROM JUNE - AUGUST FOR AGES 5-16 WITH ABOUT 300 KIDS ENROLLED.
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.
OTHER SCHOOL PROGRAMS - ANCILLARY PROGRAMS AND INCOME, INCLUDING TECH PROGRAM, HOUSING FOR SUMMER TEACHERS, YEARBOOK INCOME AND OTHER VARIOUS SCHOOL PROGRAMS AND SUPPORT ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William O'hearn Head Of School & Head Of High School | Officer | 50 | $189,279 |
Andrea O'hearn Head Of School For Adv. & Ops | 50 | $170,396 | |
Jeanette Tyndall Head Of Lower & Middle School | Officer | 50 | $157,835 |
Steven O'brien Director Of Facilities | 50 | $128,370 | |
Junellen Tiska Director Of Academics | 50 | $119,145 | |
Christopher Engel Dir. Of Comm. Prog./dean Of Students | 50 | $111,157 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Montauk Bus Inc Transportation Services | 6/29/21 | $220,215 |
Pond View Services Inc Security Services | 6/29/21 | $205,380 |
Arent Fox Llp Legal Services | 6/29/21 | $109,986 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,543,243 |
| All other contributions, gifts, grants, and similar amounts not included above | $494,414 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,037,657 |
| Total Program Service Revenue | $20,690,122 |
| Investment income | $4,267 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$54,441 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,703,181 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,307,531 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $544,233 |
| Compensation of current officers, directors, key employees. | $48,239 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,105,016 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $994,894 |
| Payroll taxes | $602,430 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $165,296 |
| Fees for services: Accounting | $84,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $896,857 |
| Advertising and promotion | $157,628 |
| Office expenses | $362,754 |
| Information technology | $133,151 |
| Royalties | $0 |
| Occupancy | $2,922,832 |
| Travel | $60,167 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,920 |
| Interest | $560,932 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,216,919 |
| Insurance | $471,771 |
| All other expenses | $42,572 |
| Total functional expenses | $30,162,237 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,314,778 |
| Savings and temporary cash investments | $5,543,781 |
| Pledges and grants receivable | $189,250 |
| Accounts receivable, net | $242,139 |
| Loans from Officers, Directors, or Controlling Persons | $72,127 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $305,446 |
| Net Land, buildings, and equipment | $61,844,867 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $296,659 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $242,100 |
| Total assets | $73,051,147 |
| Accounts payable and accrued expenses | $2,014,734 |
| Grants payable | $0 |
| Deferred revenue | $7,457,710 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $8,172,270 |
| Secured mortgages and notes payable | $1,607,366 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $69,643 |
| Total liabilities | $19,321,723 |
| Net assets without donor restrictions | $51,694,519 |
| Net assets with donor restrictions | $2,034,905 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $73,051,147 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that The Ross Institute Inc has recieved totaling $81,291.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: EDUCATIONAL PROGRAMS & OTHER STUDENT SVC | $50,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $6,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $291 |
Endowment Analysis
| Beg. Balance | $446,552 |
| Earnings | $107 |
| Ending Balance | $446,659 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Horace Mann School Bronx, NY | $475,824,158 | $137,244,948 |
Ethical Culture Fieldston School New York, NY | $252,651,487 | $107,394,843 |
Dalton Schools Inc New York, NY | $268,184,018 | $87,154,384 |
Milton Academy Milton, MA | $512,730,465 | $105,004,685 |
Riverdale Country School Inc Bronx, NY | $247,467,239 | $82,826,277 |
Trinity Episcopal Schools Corporation New York, NY | $265,614,292 | $76,873,691 |
United Nations International School New York, NY | $95,948,249 | $80,239,931 |
Columbia Grammar & Preparatory School New York, NY | $126,207,367 | $82,489,526 |
Poly Prep Country Day School Brooklyn, NY | $174,200,532 | $76,376,518 |
Saint Anns School Brooklyn, NY | $162,069,731 | $73,475,158 |
Pingry Corporation Basking Ridge, NJ | $215,792,985 | $70,756,009 |
Spence School New York, NY | $416,454,517 | $72,977,566 |