2014-05-15T10:11:18-05:00 2013-06-30 363990892 Capin Crouse LLP 972 Emerson Parkway STE A Greenwood IN 46143 990 2012-07-01 010880911 Ross Institute ROSS 6319075102 18 Goodfriend Drive East Hampton NY 11937 Andrew J Robbins 6319075102 2014-05-15 1 David C Moja P00747006 3178852620 2012 2015-11-30 17:44:51Z The Ross School Courtney Sale Ross 18 Goodfriend Drive East Hampton NY 11937 60531623 0 X http://rossinstitute.org/ X 1993 NY 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. 10 7 530 250 75297 -195312 6682728 32079707 23442539 26528934 1120 75093 166467 232951 30292854 58916685 3094176 3024528 0 0 15444970 15357905 0 0 813800 16419732 16862760 34958878 35245193 -4666024 23671492 96654837 105565159 49688358 35267371 46966479 70297788 X 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. 0 0 26469000 3013359 26443513 Education of students in Pre-Nursery to Pre-K, grades K-12, postgraduate, and for the community-at-large. 2507239 Research and development of innovative curriculum and programs in order to prepare students for college and career options in the 21st century. 1330088 11169 10124 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. 996815 Development and utilization of technology for education in an educational environment. 996815 31303142 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 1 0 0 1 1 1 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 1 182 0 1 530 1 1 1 0 0 0 0 1 1 0 0 0 0 X 10 7 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X Arthur R Williams CFO 6319075102 18 Goodfriend Drive East Hampton NY 11937 X Courtney Sale Ross 20.00 X X 0 0 0 Jennifer Chidsey 50.00 X X 211380 0 22409 Catherine Hickey 1.00 X 0 0 0 Lori Schiaffino 1.00 X 0 0 0 Martin Payson 1.00 X 0 0 0 Nick Appelbaum 1.00 X 0 0 0 Nicole Ross 1.00 X 0 0 0 Patricia Walton Silver 1.00 X 0 0 0 Susan Weber 1.00 X 0 0 0 Barrie Glabman 1.00 X 0 0 0 Margaret Regan 50.00 X 65790 0 26862 Andrew Robbins 1.00 X 0 0 0 Michele Claeys 50.00 X 126706 0 16601 Cyril P Lim 50.00 X 160973 0 7023 Maria M Maciak 50.00 X 112077 0 32592 Christopher Engel 50.00 X 105199 0 54900 Patricia Lein 50.00 X 102754 0 21315 884879 0 181702 6 0 1 0 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 6 484098 31595609 11821865 32079707 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 26528934 689 689 427474 37259 390215 390215 390215 1451269 1376865 74404 74404 74404 43550 484098 200814 -157264 -157264 58916685 26453637 75297 308044 11169 11169 3013359 3013359 337207 337207 12572530 11196626 964661 411243 284174 248700 25927 9547 1247164 1117936 88058 41170 916830 794993 92413 29424 379403 141557 235807 2039 1152861 768347 336748 47766 342256 216335 9396 116525 731257 644597 52684 33976 84687 78245 5485 957 4175991 4024309 133368 18314 952950 877668 39372 35910 84846 82303 2118 425 441458 373221 61058 7179 5442276 5087289 312181 42806 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 525326 218502 306083 741 35245193 31303142 3128251 813800 3238840 4654522 26114 25943 387937 252604 29740 237693 867900 971016 168285357 69813634 91371261 98471723 196813 197454 536232 754204 96654837 105565159 1940957 2429754 9980887 12394746 2455000 2380000 18588832 556957 12722682 13320513 4000000 4000000 0 185401 49688358 35267371 X 46301265 69615266 469233 486541 195981 195981 46966479 70297788 96654837 105565159 X 23671492 -340183 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 3481346 X X Educational 0 196813 641 197454 235949 864 40000 196813 235726 223 235949 235711 15 235726 0.99250 0.00750 0 0 1316216 13844064 15160280 135820858 58326464 77494394 2456583 286151 2170432 11977091 10772137 1204954 2000000 870545 428882 2441663 98471723 Capital lease obligation 185401 185401 X 56156538 156675 96537 253212 55903326 3013359 3013359 58916685 32485046 156675 96537 253212 32231834 3013359 3013359 35245193 Part III, Line 4: The artwork maintained by the Ross Institute is utilized for educational purposes and is integrated into the curriculum. Description of Intended Use of Endowment Funds: 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 Uncertain Tax Positions Under FIN 48: 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. Part XI, Line 2d - Other Adjustments: Rental Expenses 37,259. Allocation of employees time worked for another organization 59,278. Part XI, Line 4b - Other Adjustments: Scholarships 3,013,359. Part XII, Line 2d - Other Adjustments: Rental Expenses 37,259. Allocation of employees time worked for another organization 59,278. Part XII, Line 4b - Other Adjustments: Scholarships 3,013,359. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Explanation of Nondiscriminatory Policy Publication Schedule E, Part I, Line 3 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. Club Starlight 482423 450123 32300 28856 22625 65000 70973 Golf Outing 45225 33975 11250 8500 4860 527648 484098 43550 37356 27485 65000 70973 200814 -157264 1 Center for Curriculum Redesign 10 Jamaicaway Suite 18 Boston MA 02130 453847373 501 (c) 3 10000 Curriculum Redesign 1 Scholarships 176 3013359 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Ross Institute reviews all expenditures for which its grants and scholarships are intended to pay. X X X X X 0 0 0 0 0 0 0 1 0 Jennifer Chidsey 194956 0 16424 0 0 0 10000 0 12409 0 233789 0 0 0 Cyril P Lim 140866 0 20107 0 0 0 6250 0 773 0 167996 0 0 0 Christopher Engel 95061 0 10000 0 138 0 5164 0 49736 0 160099 0 0 0 Part I, Line 7 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. Courtney S Ross Operating line of credit X 18206070 186441 0 1 1 Courtney S Ross Payable to President X 243764 231518 0 0 0 Codynic Corp Payable to Corporation owned by President X 138998 138998 0 0 0 556957 Andco Company owned by President 229843 Reimbursements paid for shared employee services 0 Schedule L, Part II, Note Payable 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. X 1 1376865 Selling price X 1 10445000 Appraisal 0 0 0 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. Executive Committee 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. Reporting of W-2 wages and benefits 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. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: Loss on abandonment of construction project -340,183. Explanation of Responsibility 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. Gift Acceptance Policy 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. RSIL26 LLC 18 Goodfriend Drive East Hampton NY 11937 Real estate management NY 0 1620895 Ross Institute Stiftelsen Ross Institute Sweden c/o The Ross Institute 560 Broadway New York NY 10012 Education SW N/A N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0