Ross Institute

EIN: 010880911 501(c)(3)

East Hampton, NY

Total Revenue
$23,211,999
Total Expenses
$30,222,087
Total Assets
$53,604,772
Net Assets
$31,180,166
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
NY
Phone
6319075102
Tax Period
2023-07-01 to 2024-06-30

Ross Institute, founded in 1993, is a mid-sized nonprofit that reported $23.2M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $30.2M exceeded revenue, resulting in a 30% operating deficit.

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.

Program Service Accomplishments

Program 1
Expenses: $25,407,710 Revenue: $18,249,198

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...

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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.

Program 2
Expenses: $1,366,006 Revenue: $2,592,276

Summer camp income - Summer camp for children Pre-Nursery to grade 12.

Program 3
Expenses: $546,402 Revenue: $961,396

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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $616,764
Program Service Revenue $22,330,430
Investment Income $143,862
Other Revenue $120,943
TOTAL REVENUE $23,211,999

Expense Breakdown

Grants Paid $3,364,032
Salaries & Benefits $13,092,795
Fundraising Expenses $57,208
Program Expenses $27,320,118
Other Expenses $13,765,260
TOTAL EXPENSES $30,222,087

Year-over-Year Comparison

2023 2022 Change
Revenue $23,211,999 $28,637,193 -0.2%
Expenses $30,222,087 $34,118,336 -0.1%
Net Income $-7,010,088 $-5,481,143 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
20
Independent Members
18
Employees
290
Volunteers
87

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$218,680
Total Directors
20
$0
Key Employees
1
$563,437
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brett McGonegal Co-Chairperson (part year), Trustee 1.0
Officer Director
$0 $0 $0
Emily Tisch Sussman Trustee, Chair 1.0
Officer Director
$0 $0 $0
John Collier Co-Chairperson (part year), Trustee 1.0
Officer Director
$0 $0 $0
John Papp Trustee, Secretary 1.0
Officer Director
$0 $0 $0
Lee Feldman Treasurer 1.0
Officer Director
$0 $0 $0
Nicole Ross Eloff President 20.0
Officer Director
$0 $0 $0
Alexandra Fairweather Trustee 1.0
Director
$0 $0 $0
Ali Pratt Trustee, PA President 1.0
Director
$0 $0 $0
Ann Stewart Trustee, PA President 1.0
Director
$0 $0 $0
Christina DiDonna Trustee 1.0
Director
$0 $0 $0
Christina Galesi Grant Trustee 1.0
Director
$0 $0 $0
Genie Egerton-Warbuton Trustee 1.0
Director
$0 $0 $0
Jay Schneiderman Trustee 1.0
Director
$0 $0 $0
Jeremy Whelan Trustee 1.0
Director
$0 $0 $0
Lisa Frohlich Trustee 1.0
Director
$0 $0 $0
Martial Toussaint Trustee 1.0
Director
$0 $0 $0
Peter Tessler Trustee 1.0
Director
$0 $0 $0
Robert Eloff Trustee 1.0
Director
$0 $0 $0
Samanthe Rubell Trustee 1.0
Director
$0 $0 $0
Stephanie Schuman Trustee 1.0
Director
$0 $0 $0
Valerie Vlacancich CFO 50.0
Officer
$195,227 $23,453 $218,680
Thomas Sturtevant Head of School 50.0
Key Emp
$442,718 $120,719 $563,437
Bryan Rosenberg Head of Lower School 50.0
Highest
$159,845 $5,490 $165,335
Edoardo Tessaro Tennis Pro 50.0
Highest
$145,941 $0 $145,941
Mark Foard Head of Middle School 50.0
Highest
$137,116 $23,102 $160,218
Mark Frankel Head of Upper School 50.0
Highest
$183,187 $33,358 $216,545
Vinicius Carmo Director of Tennis 50.0
Highest
$142,367 $131 $142,498
Charles Abelmann Former Head of School 0.0
$177,009 $0 $177,009
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $23,211,999 $30,222,087 $53,604,772 $-7,010,088
2023 $28,637,193 $34,118,336 $60,786,215 $-5,481,143
2022 $24,615,491 $34,673,518 $63,989,493 $-10,058,027
2021 $23,703,181 $30,162,237 $73,051,147 $-6,459,056
2020 $28,509,388 $34,869,000 $77,304,133 $-6,359,612
2019 $40,415,467 $37,158,062 $85,038,859 $3,257,405
2018 $37,760,029 $38,268,063 $91,410,659 $-508,034
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