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Nonprofit · EIN 01-0880911

THE ROSS INSTITUTE INC

Tax-exempt · EAST HAMPTON, NY 11937

Financials

$28.6M$34.1M2022$23.2M$30.2M2023
Revenue Expenses · by fiscal year end
Financials of THE ROSS INSTITUTE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2024990$23,211,999$30,222,087-$7,010,088$53,604,772$22,424,606$31,180,166
June 30, 2023990$28,637,193$34,118,336-$5,481,143$60,786,215$22,595,961$38,190,254
Financial details: 990 for the year ended June 30, 2024

Revenue

Contributions, gifts and grants
$616,764
of which government grants
$36,364
Program service revenue
$22,330,430
Investment income
$143,862
Net income from fundraising events
-$22,071
Other revenue
$120,943

Expenses

Grants and similar amounts paid
$3,364,032
Compensation of officers, directors and key employees
$796,544
Other salaries and wages
$10,284,763
Salaries, compensation and benefits (total)
$13,092,795
Professional fundraising fees
$0
Accounting fees
$90,390
Occupancy
$2,924,820
Travel
$1,020,089
Depreciation
$4,601,763
Program services (functional)
$27,320,118
Management and general (functional)
$2,844,761
Fundraising (functional)
$57,208

Balance sheet and other

Total assets, start of year
$60,786,215
Total assets, end of year
$53,604,772
Total liabilities, end of year
$22,424,606
Net assets, end of year
$31,180,166
Land, buildings and equipment
$43,649,489
Net assets without donor restrictions
$30,587,292
Net assets with donor restrictions
$592,874
Gross unrelated business income
$100,631
Gross receipts
$23,275,487
Employees
290
Volunteers
87
Year formed
1993
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
Thomas SturtevantHead of School
Key employee
50$442,718$120,719
Valerie VlacancichCFO
Officer
50$195,227$23,453
Mark FrankelHead of Upper School
Highest-paid employee
50$183,187$33,358
Charles AbelmannFormer Head of School
Former
0$177,009$0
Bryan RosenbergHead of Lower School
Highest-paid employee
50$159,845$5,490
Mark FoardHead of Middle School
Highest-paid employee
50$137,116$23,102
Edoardo TessaroTennis Pro
Highest-paid employee
50$145,941$0
Vinicius CarmoDirector of Tennis
Highest-paid employee
50$142,367$131
Brett McGonegalCo-Chairperson (part year), Trustee
Trustee or director, Officer
1$0$0
Emily Tisch SussmanTrustee, Chair
Trustee or director, Officer
1$0$0
John CollierCo-Chairperson (part year), Trustee
Trustee or director, Officer
1$0$0
John PappTrustee, Secretary
Trustee or director, Officer
1$0$0
Lee FeldmanTreasurer
Trustee or director, Officer
1$0$0
Nicole Ross EloffPresident
Trustee or director, Officer
20$0$0
Alexandra FairweatherTrustee
Trustee or director
1$0$0
13 more people on this return
NameTitleHours / weekCompensation
Ali PrattTrustee, PA President
Trustee or director
1$0
Ann StewartTrustee, PA President
Trustee or director
1$0
Christina DiDonnaTrustee
Trustee or director
1$0
Christina Galesi GrantTrustee
Trustee or director
1$0
Genie Egerton-WarbutonTrustee
Trustee or director
1$0
Jay SchneidermanTrustee
Trustee or director
1$0
Jeremy WhelanTrustee
Trustee or director
1$0
Lisa FrohlichTrustee
Trustee or director
1$0
Martial ToussaintTrustee
Trustee or director
1$0
Peter TesslerTrustee
Trustee or director
1$0
Robert EloffTrustee
Trustee or director
1$0
Samanthe RubellTrustee
Trustee or director
1$0
Stephanie SchumanTrustee
Trustee or director
1$0
990 for the year ended June 30, 2023: 25 people
NameTitleHours / weekCompensationOther / benefits
Charles AbelmannFormer Head of School
Former
50$337,965$72,103
Thomas SturtevantHead of School
Key employee
50$181,290$50,690
Valerie VlacancichCFO
Officer
50$190,409$21,032
William O'HearnHead of School & Head of High School
Highest-paid employee
50$137,605$54,662
Bryan RosenbergHead of Lower School
Highest-paid employee
50$156,213$9,367
Edoardo TessaroTennis Pro
Highest-paid employee
50$149,334$0
Vinicius CarmoDirector of Tennis
Highest-paid employee
50$142,476$1,052
Elise TrucksSecretary Office Mgr Admin & Adv. (part year)
Trustee or director, Officer
1$81,888$9,819
Brett McGonegalCo-Chairperson
Trustee or director, Officer
1$0$0
John CollierCo-Chairperson
Trustee or director, Officer
1$0$0
Lee FeldmanTreasurer
Trustee or director, Officer
1$0$0
Nicole Ross EloffPresident
Trustee or director, Officer
20$0$0
Robert EloffTreasurer (part year), Trustee
Trustee or director, Officer
1$0$0
Alexandra FairweatherTrustee
Trustee or director
1$0$0
Ali PrattTrustee, PA President
Trustee or director
1$0$0
Ann StewartTrustee, PA President
Trustee or director
1$0$0
Christina DiDonnaTrustee
Trustee or director
1$0$0
Emily Tisch SussmanTrustee
Trustee or director
1$0$0
Genie Egerton-WarbutonTrustee
Trustee or director
1$0$0
Lawrence SteynTrustee (part year)
Trustee or director
1$0$0
Lisa FrohlichTrustee
Trustee or director
1$0$0
Lori SchiaffinoTrustee (part year)
Trustee or director
1$0$0
Marquis GreenTrustee (part year)
Trustee or director
1$0$0
Martial ToussaintTrustee
Trustee or director
1$0$0
Stephanie SchumanTrustee
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
18 GOODFRIEND DR, EAST HAMPTON, NY 11937-2584
In care of
% BUSINESS OFFICE
Principal officer (990 for 2023)
Nicole Ross Eloff, 18 Goodfriend Drive, East Hampton, NY 11937
Signed the 990
Nicole Ross Eloff, President
Phone
(631) 907-5102
Return prepared by
CRI Capin Crouse Advisors LLC

Mission

Our mission is to change the way education meets the future; to foster interdisciplinary, integrated thinking and innovative leadership; to engage fully in the global community; and to facilitate lifelong learning.

990 for the year ended June 30, 2024

Program accomplishments

  • 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.
    Expenses $25,407,710 · grants $3,364,032 · revenue $18,249,198
  • Summer camp income - Summer camp for children Pre-Nursery to grade 12.
    Expenses $1,366,006 · revenue $2,592,276
  • 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. 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.
    Expenses $546,402 · revenue $961,396
  • Other school programs - Auxiliary programs and income, including TECH program, housing for summer teachers, yearbook income and other various school programs and support activities.
    revenue $569,943

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025Not on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
01-0880911
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2007
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B20)
Assets (IRS master file)
$53,604,772
Income (IRS master file)
$23,275,487

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2024$23,211,999$30,222,087$53,604,772IRS
990-TJune 2024–––IRS
990June 2023$28,637,193$34,118,336$60,786,215XML
990-TJune 2023–––IRS
990June 2022$24,615,491$34,673,518$63,989,493IRS
990-TJune 2022–––IRS
990June 2021–––IRS
990-TJune 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 01-0880911).

Questions about THE ROSS INSTITUTE INC

What is the EIN of THE ROSS INSTITUTE INC?
The employer identification number (EIN) of THE ROSS INSTITUTE INC is 01-0880911.
Is THE ROSS INSTITUTE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
Are donations to THE ROSS INSTITUTE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE ROSS INSTITUTE INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of THE ROSS INSTITUTE INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE ROSS INSTITUTE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2024.
Who is the principal officer of THE ROSS INSTITUTE INC?
The 990 for the year ended June 30, 2024 names Nicole Ross Eloff.
Who are the officers and directors of THE ROSS INSTITUTE INC?
The 990 for the year ended June 30, 2024 lists 28 people; 8 received compensation from the organization, the highest $442,718 (Thomas Sturtevant, Head of School).
How much revenue does THE ROSS INSTITUTE INC have?
On its 990 for the year ended June 30, 2024 it reported revenue of $23,211,999, expenses of $30,222,087 and total assets of $53,604,772 at year end.

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