THE ROSS INSTITUTE INC: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- THE ROSS INSTITUTE INC (EIN 01-0880911)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-05-15
- IRS object ID
- 201431359349303543
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-05-15T10:11:18-05:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 363990892 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Capin Crouse LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 972 Emerson Parkway STE A | AddressLine1 |
| City | Greenwood | City |
| State | IN | State |
| ZIP Code | 46143 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 010880911 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Ross Institute | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | ROSS | NameControl |
| Phone | 6319075102 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 18 Goodfriend Drive | AddressLine1 |
| City | East Hampton | City |
| State | NY | State |
| ZIP Code | 11937 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Andrew J Robbins | Name |
| Title | Treasurer | Title |
| Phone | 6319075102 | Phone |
| Date Signed | 2014-05-15 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | David C Moja | Name |
| PTIN | P00747006 | PTIN |
| Phone | 3178852620 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
Doing Business As DoingBusinessAs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Ross School | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Courtney Sale Ross | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 18 Goodfriend Drive | AddressLine1 |
| City | East Hampton | City |
| State | NY | State |
| ZIP Code | 11937 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 60531623 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | http://rossinstitute.org/ | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1993 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 10 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 7 | NbrIndependentVotingMembers |
| Total Nbr Employees | 530 | TotalNbrEmployees |
| Total Nbr Volunteers | 250 | TotalNbrVolunteers |
| Total Gross UBI | 75297 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -195312 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 6682728 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 32079707 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 23442539 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 26528934 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1120 | InvestmentIncomePriorYear |
| Investment Income Current Year | 75093 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 166467 | OtherRevenuePriorYear |
| Other Revenue Current Year | 232951 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 30292854 | TotalRevenuePriorYear |
| Total Revenue Current Year | 58916685 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 3094176 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 3024528 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 15444970 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 15357905 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 813800 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 16419732 | OtherExpensePriorYear |
| Other Expenses Current Year | 16862760 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 34958878 | TotalExpensesPriorYear |
| Total Expenses Current Year | 35245193 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -4666024 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 23671492 | RevenuesLessExpensesCY |
| Total Assets BOY | 96654837 | TotalAssetsBOY |
| Total Assets EOY | 105565159 | TotalAssetsEOY |
| Total Liabilities BOY | 49688358 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 35267371 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 46966479 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 70297788 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 26469000 | Expense |
| Grants | 3013359 | Grants |
| Revenue | 26443513 | Revenue |
| Description | Education of students in Pre-Nursery to Pre-K, grades K-12, postgraduate, and for the community-at-large. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 2507239 | Expense |
| Description | Research and development of innovative curriculum and programs in order to prepare students for college and career options in the 21st century. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1330088 | Expense |
| Grants | 11169 | Grants |
| Revenue | 10124 | Revenue |
| Description | Providing professional development for schools and individuals that would like to adopt the Ross Model, growing our worldwide community of Ross Schools that are committed to 21st century education and catalyzing research in order to improve pedagogical practice. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 996815 | Expense |
| Description | Development and utilization of technology for education in an educational environment. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 996815 | TotalOfOtherProgramServiceExp |
| Total Program Service Expense | 31303142 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 1 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 182 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 530 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 10 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 7 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Arthur R Williams CFO | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6319075102 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 18 Goodfriend Drive | AddressLine1 |
| City | East Hampton | City |
| State | NY | State |
| ZIP Code | 11937 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (17 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| Courtney Sale Ross | |||||||
| President/Chair | 20.00 | X | X | 0 | 0 | 0 | |
| Jennifer Chidsey | |||||||
| COO, Trustee | 50.00 | X | X | 211380 | 0 | 22409 | |
| Catherine Hickey | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Lori Schiaffino | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Martin Payson | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Nick Appelbaum | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Nicole Ross | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Patricia Walton Silver | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Susan Weber | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Barrie Glabman | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Margaret Regan | |||||||
| Secretary/Exec Asst | 50.00 | X | 65790 | 0 | 26862 | ||
| Andrew Robbins | |||||||
| Treasurer | 1.00 | X | 0 | 0 | 0 | ||
| Michele Claeys | |||||||
| Head of School | 50.00 | 126706 | 0 | 16601 | X | ||
| Cyril P Lim | |||||||
| Executive Assistant | 50.00 | 160973 | 0 | 7023 | X | ||
| Maria M Maciak | |||||||
| Dir. Media Product. | 50.00 | 112077 | 0 | 32592 | X | ||
| Christopher Engel | |||||||
| Director of Community Programs | 50.00 | 105199 | 0 | 54900 | X | ||
| Patricia Lein | |||||||
| Head of Upper School | 50.00 | 102754 | 0 | 21315 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 884879 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 181702 | TotalOtherCompensation |
| Number Individuals GT100 K | 6 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| 3 Goodfriend LLC | |||||
| 3 Goodfriend Drive | East Hampton | NY | 11937 | Rent - Office | 151687 |
| Community Counseling Service Co LLC | |||||
| 461 Fifth Ave 3rd Floor | New York | NY | 10017 | Consulting/PR | 146250 |
| HL Group Partners LLC | |||||
| 853 Broadway 18th Floor | New York | NY | 10003 | Consulting/PR | 137915 |
| Tatiana Endlin | |||||
| PO Box 5061 | East Hampton | NY | 11937 | Rent - Housing | 116539 |
| Erwin Stern - 12 | |||||
| 8 Three Mile Harbor Hog Creek Rd | East Hampton | NY | 11937 | Rent - Housing | 105000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 6 | NumberOfContractorsGT100K |
| Fundraising Events | 484098 | FundraisingEvents |
| All Other Contributions | 31595609 | AllOtherContributions |
| Noncash Contributions | 11821865 | NoncashContributions |
| Total Contributions | 32079707 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| Tuition and fees | 900099 | 22153915 | 22153915 | |
| Summer camp income | 900099 | 2724540 | 2724540 | |
| Tennis center income | 900099 | 870699 | 799372 | 71327 |
| Other school program i | 900099 | 779780 | 775810 | 3970 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 26528934 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 689 | TotalRevenueColumn |
| Exclusion | $689 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 427474 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 37259 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 390215 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 390215 | TotalRevenueColumn |
| Exclusion | $390,215 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 1451269 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 1376865 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 74404 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 74404 | TotalRevenueColumn |
| Exclusion | $74,404 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 43550 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 484098 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 200814 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -157264 | TotalRevenueColumn |
| Exclusion | -$157,264 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 58916685 | TotalRevenueColumn |
| Related Or Exempt Function Income | 26453637 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 75297 | UnrelatedBusinessRevenue |
| Exclusion | $308,044 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11169 | Total |
| Program Services | 11169 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3013359 | Total |
| Program Services | 3013359 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 337207 | Total |
| Management And General | 337207 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12572530 | Total |
| Program Services | 11196626 | ProgramServices |
| Management And General | 964661 | ManagementAndGeneral |
| Fundraising | 411243 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 284174 | Total |
| Program Services | 248700 | ProgramServices |
| Management And General | 25927 | ManagementAndGeneral |
| Fundraising | 9547 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1247164 | Total |
| Program Services | 1117936 | ProgramServices |
| Management And General | 88058 | ManagementAndGeneral |
| Fundraising | 41170 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 916830 | Total |
| Program Services | 794993 | ProgramServices |
| Management And General | 92413 | ManagementAndGeneral |
| Fundraising | 29424 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 379403 | Total |
| Program Services | 141557 | ProgramServices |
| Management And General | 235807 | ManagementAndGeneral |
| Fundraising | 2039 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1152861 | Total |
| Program Services | 768347 | ProgramServices |
| Management And General | 336748 | ManagementAndGeneral |
| Fundraising | 47766 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 342256 | Total |
| Program Services | 216335 | ProgramServices |
| Management And General | 9396 | ManagementAndGeneral |
| Fundraising | 116525 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 731257 | Total |
| Program Services | 644597 | ProgramServices |
| Management And General | 52684 | ManagementAndGeneral |
| Fundraising | 33976 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 84687 | Total |
| Program Services | 78245 | ProgramServices |
| Management And General | 5485 | ManagementAndGeneral |
| Fundraising | 957 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4175991 | Total |
| Program Services | 4024309 | ProgramServices |
| Management And General | 133368 | ManagementAndGeneral |
| Fundraising | 18314 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 952950 | Total |
| Program Services | 877668 | ProgramServices |
| Management And General | 39372 | ManagementAndGeneral |
| Fundraising | 35910 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 84846 | Total |
| Program Services | 82303 | ProgramServices |
| Management And General | 2118 | ManagementAndGeneral |
| Fundraising | 425 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 441458 | Total |
| Program Services | 373221 | ProgramServices |
| Management And General | 61058 | ManagementAndGeneral |
| Fundraising | 7179 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5442276 | Total |
| Program Services | 5087289 | ProgramServices |
| Management And General | 312181 | ManagementAndGeneral |
| Fundraising | 42806 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Repairs & Maintenance | 1485045 | 1413051 | 59153 | 12841 |
| Food and Meals | 668628 | 604150 | 62943 | 1535 |
| Dues and Memberships | 215959 | 210968 | 3589 | 1402 |
| Bad Debt Expense | 179817 | 179817 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 525326 | Total |
| Program Services | 218502 | ProgramServices |
| Management And General | 306083 | ManagementAndGeneral |
| Fundraising | 741 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 35245193 | Total |
| Program Services | 31303142 | ProgramServices |
| Management And General | 3128251 | ManagementAndGeneral |
| Fundraising | 813800 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3238840 | BOY |
| EOY | 4654522 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26114 | BOY |
| EOY | 25943 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 387937 | BOY |
| EOY | 252604 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29740 | BOY |
| EOY | 237693 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 867900 | BOY |
| EOY | 971016 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 168285357 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 69813634 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 91371261 | BOY |
| EOY | 98471723 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 196813 | BOY |
| EOY | 197454 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 536232 | BOY |
| EOY | 754204 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 96654837 | BOY |
| EOY | 105565159 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1940957 | BOY |
| EOY | 2429754 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9980887 | BOY |
| EOY | 12394746 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2455000 | BOY |
| EOY | 2380000 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18588832 | BOY |
| EOY | 556957 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12722682 | BOY |
| EOY | 13320513 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4000000 | BOY |
| EOY | 4000000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 185401 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 49688358 | BOY |
| EOY | 35267371 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 46301265 | BOY |
| EOY | 69615266 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 469233 | BOY |
| EOY | 486541 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 195981 | BOY |
| EOY | 195981 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 46966479 | BOY |
| EOY | 70297788 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 96654837 | BOY |
| EOY | 105565159 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 23671492 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -340183 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | 0 | RevenuesIncluded |
| Assets In Part X | 3481346 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
Collection Used For Other CollectionUsedForOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used For Other Purposes | X | CollectionUsedForOtherPurposes |
| Description Of Other Purposes | Educational | DescriptionOfOtherPurposes |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 196813 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 641 | InvestmentEarningsOrLosses |
| End Of Year Balance | 197454 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 235949 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 864 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 40000 | GrantsOrScholarships |
| End Of Year Balance | 196813 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 235726 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 223 | InvestmentEarningsOrLosses |
| End Of Year Balance | 235949 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 235711 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 15 | InvestmentEarningsOrLosses |
| End Of Year Balance | 235726 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Permanent Endowment EOY Balance | 0.99250 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.00750 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 1316216 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 13844064 | OtherCostOrOtherBasis |
| Book Value | 15160280 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 135820858 | OtherCostOrOtherBasis |
| Depreciation | 58326464 | Depreciation |
| Book Value | 77494394 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2456583 | OtherCostOrOtherBasis |
| Depreciation | 286151 | Depreciation |
| Book Value | 2170432 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 11977091 | OtherCostOrOtherBasis |
| Depreciation | 10772137 | Depreciation |
| Book Value | 1204954 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 2000000 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 870545 | OtherCostOrOtherBasis |
| Depreciation | 428882 | Depreciation |
| Book Value | 2441663 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 98471723 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Capital lease obligation | Description |
| Amount | $185,401 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 185401 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 56156538 | TotRevenueEtcAuditedFinclStmt |
| Donated Srvc And Use Of Facilities | 156675 | DonatedSrvcAndUseOfFacilities |
| Other Revenues | 96537 | OtherRevenues |
| Revenue Not Rptd F990 | 253212 | RevenueNotRptdF990 |
| Revenue Subtotal | 55903326 | RevenueSubtotal |
| Other Revenues Not Included | 3013359 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 3013359 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 58916685 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 32485046 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 156675 | DonatedServicesUseOfFacilities |
| Other Expenses Included | 96537 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 253212 | ExpensesNotRptdF990 |
| Expenses Subtotal | 32231834 | ExpensesSubtotal |
| Other Expenses Not Included | 3013359 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 3013359 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 35245193 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Part III, Line 4: | The artwork maintained by the Ross Institute is utilized for educational purposes and is integrated into the curriculum. | |
| Part V, Line 4: | Each fiscal year, the Institute is authorized to expend from the Scholarship Fund (endowment) an amount equal to four and one-half percent of the principal of the endowment as of the first business day of such year, or such other amount as shall be mutually agreed upon by the donor or the donor's designated representatives and the Ross School. The endowment payout shall be paid first from the income of the endowment and, if and to the extent that such income is insufficient, from the principal of the endowment. If the income of the endowment in any fiscal year exceeds the authorized payout amount for such year, the excess will be added to principal at the end of such fiscal year. The endowment payout for each fiscal year shall be used to award scholarships to help support the tuition for one or more students at the Institute entering the ninth grade who have exhibited a deep interest in or enjoyment of the arts and/or sciences, especially the environmental science, and who are eligible on a needs basis for financial aid at the Institute. | Description of Intended Use of Endowment Funds: |
| Part X, Line 2: | The effects of a tax position taken or expected to be taken are recognized in the consolidated financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are reported in expenses in the consolidated statements of activities. As of June 30, 2013 and 2012, the Institute had no uncertain tax positions that qualify for recognition or disclosure in the consolidated financial statements. The Institute files tax and other information returns in the U.S and certain states. The Institute is generally no longer subject to U.S. federal or state examinations by tax authorities for years before 2010. | Description of Uncertain Tax Positions Under FIN 48: |
| Rental Expenses 37,259. Allocation of employees time worked for another organization 59,278. | Part XI, Line 2d - Other Adjustments: | |
| Scholarships 3,013,359. | Part XI, Line 4b - Other Adjustments: | |
| Rental Expenses 37,259. Allocation of employees time worked for another organization 59,278. | Part XII, Line 2d - Other Adjustments: | |
| Scholarships 3,013,359. | Part XII, Line 4b - Other Adjustments: |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 0 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Explanation of Nondiscriminatory Policy Publication | Identifier |
| Return Reference | Schedule E, Part I, Line 3 | ReturnReference |
| Explanation | Ross Institute follows a racially nondiscriminatory policy as to students in its programs. The Institute's promotional activities for its programs are designed to inform all racial segments in the general communities within the area of the availability of the Institute. A clause is included in the admissions catalog and on its website. | Explanation |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Club Starlight | NameOfEvent1 |
| Gross Receipts Event1 | 482423 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 450123 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 32300 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 28856 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 22625 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 65000 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 70973 | OtherDirectExpensesEvent1 |
| Name Of Event2 | Golf Outing | NameOfEvent2 |
| Gross Receipts Event2 | 45225 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 33975 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 11250 | GrossRevenueEvent2 |
| Rent Facility Costs Event2 | 8500 | RentFacilityCostsEvent2 |
| Food And Beverage Event2 | 4860 | FoodAndBeverageEvent2 |
| Gross Receipts Total | 527648 | GrossReceiptsTotal |
| Charitable Contributions Total | 484098 | CharitableContributionsTotal |
| Gross Revenue Total Events | 43550 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 37356 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 27485 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 65000 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 70973 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 200814 | DirectExpenseSummaryEvents |
| Net Income Summary | -157264 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Center for Curriculum Redesign | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10 Jamaicaway Suite 18 | AddressLine1 |
| City | Boston | City |
| State | MA | State |
| ZIP Code | 02130 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 453847373 | EINOfRecipient |
| IRC Section | 501 (c) 3 | IRCSection |
| Amount Of Cash Grant | 10000 | AmountOfCashGrant |
| Purpose Of Grant | Curriculum Redesign | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | Scholarships | TypeOfGrant |
| Number Of Recipients | 176 | NumberOfRecipients |
| Amount Of Cash Grant | 3013359 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: Ross Institute reviews all expenditures for which its grants and scholarships are intended to pay. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 1 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jennifer Chidsey | ||||||||||||||
| COO, Trustee | 194956 | 0 | 16424 | 0 | 0 | 0 | 10000 | 0 | 12409 | 0 | 233789 | 0 | 0 | 0 |
| Cyril P Lim | ||||||||||||||
| Executive Assistant | 140866 | 0 | 20107 | 0 | 0 | 0 | 6250 | 0 | 773 | 0 | 167996 | 0 | 0 | 0 |
| Christopher Engel | ||||||||||||||
| Director of Community Programs | 95061 | 0 | 10000 | 0 | 138 | 0 | 5164 | 0 | 49736 | 0 | 160099 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | Part I, Line 7 | ReturnReference |
| Explanation | The School provided discretionary bonuses to the Chief Operating Officer, the Secretary, the Executive Assistant, the Director of Media Productions and the Director of Community Programs. | Explanation |
Schedule L IRS990ScheduleL
Loan Table LoanTable (3 entries)
| Purpose Of LoanPurposeOfLoan | Loan To OrganizationLoanToOrganization | Original PrincipalOriginalPrincipalAmount | Balance DueBalanceDue | DefaultDefault | Approved By BoardApprovedByBoard | Written AgreementWrittenAgreement |
|---|---|---|---|---|---|---|
| Courtney S Ross | ||||||
| Operating line of credit | X | $18,206,070 | 186441 | 0 | 1 | 1 |
| Courtney S Ross | ||||||
| Payable to President | X | $243,764 | 231518 | 0 | 0 | 0 |
| Codynic Corp | ||||||
| Payable to Corporation owned by President | X | $138,998 | 138998 | 0 | 0 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 556957 | TotalBalanceDue |
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Andco | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | Company owned by President | Relationship |
| Amount Of Transaction | 229843 | AmountOfTransaction |
| Description Of Transaction | Reimbursements paid for shared employee services | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Form990 Schedule L Part V Form990ScheduleLPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Schedule L, Part II, | Identifier |
| Return Reference | Note Payable | ReturnReference |
| Explanation | During the tax year ended 6/30/13, the President of the Institute forgave $18,063,703 of the note payable and accrued interest payable that was outstanding as of the end of the 6/30/12 tax year. | Explanation |
Schedule M IRS990ScheduleM
Real Estate Residential RealEstateResidential
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 1376865 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Selling price | MethodOfDeterminingRevenues |
Real Estate Commercial RealEstateCommercial
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 10445000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Appraisal | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (10 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Form 990, Part VI, Section A, line 2 | Courtney Sale Ross, President, and Nicole Ross, Trustee - Family relationship | |
| Form 990, Part VI, Section B, line 11 | The Form 990 is prepared by an independent CPA firm. A preliminary draft of the Organization's Form 990, including all required schedules, was provided to management. Management reviewed the draft Form 990, consulted with the Organization's accountants and tax return preparers, and took all other measures necessary and appropriate to ensure that the final version of the Form 990 is complete and accurate to the best of their knowledge. The Finance Committee of the Board of Trustees then reviewed and approved the final version of the Form 990 in consultation with management, the Organization's accountants, tax return preparers, and tax counsel prior to filing. A copy of the final version of the Form 990, including all required schedules, was provided to each member of the Organization's Board of Trustees prior to filing with the IRS. | |
| Form 990, Part VI, Section B, line 12c | Each director, principal officer, and member of a committee with governing board delegated powers signs a conflict of interest statement annually which are reviewed by the officers. If a conflict should arise, the individual shall leave the meeting during discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. | |
| 15a - The Executive Committee of the Board of Trustees approves the Chief Operating Officer's compensation by performing an analysis and utilizing appropriate data as to the comparability of the compensation. The Executive Committee is required to adequately document the basis for its determinations. This process was last completed during 2010 and will be completed again in June 2014. 15b - The Executive Committee of the Board of Trustees approves the compensation of other officers and key employees by performing an analysis and utilizing appropriate data as to the comparability of the compensation. The Executive Committee is required to adequately document the basis for its determinations. This process was last completed during 2010 and will be completed again in June 2014. | ||
| Form 990, Part VI, Section C, line 19 | The School makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. | |
| Form 990, Part VI, Section A, Line 1a | The Board of Trustees may, by resolution, designate five or more trustees (one of whom shall be the Chairperson of the Board of Trustees) to constitute an Executive Committee, and delegate to the Executive Committee any of the powers and authority of the Board of Trustees in the management of the business and affairs of the Corporation, except for: the amendment or repeal of Bylaws or the adoption of new Bylaws; the amendment or repeal of any resolution of the Board of Trustees that by its express terms is not so amendable or repealable; the filling of vacancies in the Board of Trustees or in any committee; the approval of any transaction in which a trustee or officer has an interest; and the granting of degrees or making removals from office. | Executive Committee |
| Form 990, Part VII | One of the highest compensated employees reported in Form 990, Part VII spends time working for both Ross Institute and Andco (see disclosure in Sch L, Part IV). The amount reimbursed by Andco for this employees time is based on the actual hours spent working for the organization. The amounts reported in Part VII, Form 990 reflect the total wages paid to this employee, not only the amounts allocable to Ross Institute. | Reporting of W-2 wages and benefits |
| Form 990, Part XI, line 9: | Loss on abandonment of construction project -340,183. | Changes in Net Assets or Fund Balances: |
| Form 990, Part XII, Line 2c | The organization's Board assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year. | Explanation of Responsibility |
| Schedule M, Line 31 | The Institute has followed established procedures in the past regarding the acceptance of noncash gifts but does not have a formal written gift acceptance policy. The Institute will be adopting a written policy in June 2014. | Gift Acceptance Policy |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSIL26 LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 18 Goodfriend Drive | AddressLine1 |
| City | East Hampton | City |
| State | NY | State |
| ZIP Code | 11937 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | Real estate management | PrimaryActivities |
| Legal Domicile State | NY | LegalDomicileState |
| Total Income | 0 | TotalIncome |
| EOY Assets | 1620895 | EOYAssets |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Ross Institute | BusinessNameLine1 |
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Stiftelsen Ross Institute Sweden | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | c/o The Ross Institute 560 Broadway | AddressLine1 |
| City | New York | City |
| State | NY | State |
| ZIP Code | 10012 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | Education | PrimaryActivities |
| Legal Domicile Foreign Country | SW | LegalDomicileForeignCountry |
| Exempt Code Section | N/A | ExemptCodeSection |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Controlled Org | 0 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |