Ross School in East Hampton, New York (NY)

Ross School
Employer Identification Number (EIN)	113171872
Name of Organization	Ross School
Address	East Hampton, NY 11937
Tax Period	2005
Asset Amount	$83,044,818
Amount of Income	$13,831,799
Form 990 Revenue Amount	$13,831,799
National Taxonomy of Exempt Entities (NTEE)	Educational Institutions and Related Activities: Secondary, High School

Non-representatives - add comments:

Amount of income in 2005: $13,831,799

Ross School:	$13,831,799
Other organizations performing similar types of work:	$16,999,627

Assets in 2005: $83,044,818

Ross School:	$83,044,818
Other organizations performing similar types of work:	$41,630,965

Expenses in 2005: $23,311,663

Ross School:	$23,311,663
Other organizations performing similar types of work:	$14,637,671

Income to expenses ratio in 2005: 0.6

This organization:	0.6
Other organizations performing similar types of work:	1.2

Expenses allocated to program services in 2005: 84.9%

This organization:	84.9%
Other organizations performing similar types of work:	78.8%

Number of employees in 2005: 153

This organization:	153
Other organizations performing similar types of work:	175

Employees paid over $50,000 in 2005: 39.2%

This organization:	39.2%
Other organizations performing similar types of work:	28.6%

Grants share in income in 2005: 46.6%

This organization:	46.6%
Other organizations performing similar types of work:	11.2%

Financial snapshot ($)

Revenue for 2005

Assets at end of 2005

Expenses for 2005

Functional Expenses for 2005 ($)

Income-Producing Activities for 2005

	2000	2001	2002	2003	2004	2005
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$66,309,279	$34,909,671	$22,595,133	$6,590,620	$18,787,260	$13,831,799
Contributions, gifts, grants, and similar amounts received	$63,470,554	$31,680,557	$18,196,644	$940,367	$12,613,289	$6,440,508
Contributions to donor advised funds
Direct public support	$63,470,554	$31,680,557	$18,196,644	$940,367	$12,613,289	$6,440,508
Indirect public support	$0	$0	$0	$0	$0	$0
Government contributions (grants)	$0	$0	$0	$0	$0	$0
Program service revenue including government fees and contracts	$2,724,529	$3,255,964	$4,412,584	$5,643,069	$6,118,058	$7,325,976
Membership dues and assessments	$0	$0	$0	$0	$0	$0
Interest on savings and temporary cash investments	$117,090	$17,267	$14,539	$1,976	$3,727	$42,393
Dividends and interest from securities	$0	$0	$0	$0	$0	$0
Net rental income or (loss)	$-2,894	$-44,117	$-28,634	$-5,754	$-8,772	$-8,321
Gross rents	$77,109	$83,154	$77,440	$40,731	$31,800	$34,901
Less: rental expenses	$80,003	$127,271	$106,074	$46,485	$40,572	$43,222
Other investment income	$0	$0	$0	$0	$0	$0
Gain or (loss) from sales of assets other than inventory	$0	$0	$0	$0	$0	$0
Gross amount from sales of assets other than inventory	$0	$0	$0	$0	$0	$0
Less: cost or other basis and sales expenses	$0	$0	$0	$0	$0	$0
Net income or (loss) from special events and activities	$0	$0	$0	$10,962	$60,958	$31,243
Gross revenue	$0	$0	$0	$32,850	$108,920	$105,875
Less: direct expenses other than fundraising expenses	$0	$0	$0	$21,888	$47,962	$74,632
Gross profit or (loss) from sales of inventory	$0	$0	$0	$0	$0	$0
Gross sales of inventory, less returns and allowances	$0	$0	$0	$0	$0	$0
Less: cost of goods sold	$0	$0	$0	$0	$0	$0
Other revenue	$0	$0	$0	$0	$0	$0
Total expenses	$25,598,469	$28,361,250	$27,729,916	$24,684,945	$21,848,205	$23,311,663
Program services	$22,291,158	$25,002,685	$25,065,150	$22,599,428	$19,939,355	$19,801,214
Management and general	$3,307,311	$3,095,813	$2,434,947	$1,701,315	$1,684,476	$3,318,167
Fundraising	$0	$262,752	$229,819	$384,202	$224,374	$192,282
Payments to affiliates	$0	$0	$0	$0	$0	$0
Net assets or fund balances at end of year	$112,266,314	$118,814,735	$113,679,952	$95,585,627	$92,524,682	$83,044,818
Excess or (deficit) for the year	$40,710,810	$6,548,421	$-5,134,783	$-18,094,325	$-3,060,945	$-9,479,864
Net assets or fund balances at beginning of year	$71,555,504	$112,266,314	$118,814,735	$113,679,952	$95,585,627	$92,524,682
Other changes in net assets or fund balances	$0	$0	$0	$0	$0	$0

	Total	Program services	Management and general	Fundraising
Statement of Functional Expenses (for 2005)
Total functional expenses	$23,311,663	$19,801,214	$3,318,167	$192,282
Grants paid from donor advised funds
Other grants and allocations		$1,359,271
Specific assistance to individuals		$0
Benefits paid to or for members		$0
Compensation of current officers, directors, key employees, etc.	$228,669	$160,068	$68,601	$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above	$6,592,029	$6,072,854	$455,685	$63,490
Pension plan contributions not included above	$223,984	$205,553	$17,277	$1,154
Employee benefits not included above	$962,749	$880,390	$74,045	$8,314
Payroll taxes	$505,023	$462,223	$38,869	$3,931
Professional fundraising fees	$0	$0	$0	$0
Accounting fees	$0	$0	$0	$0
Legal fees	$914,776	$678,687	$235,495	$594
Supplies	$169,687	$145,138	$22,925	$1,624
Telephone	$293,530	$264,349	$29,181	$0
Postage and shipping	$36,196	$16,603	$17,240	$2,353
Occupancy	$1,775,692	$1,730,855	$44,800	$37
Equipment rental and maintenance	$394,002	$385,927	$4,850	$3,225
Printing and publications	$86,018	$75,424	$2,804	$7,790
Travel	$281,460	$264,676	$15,554	$1,230
Conferences, conventions, and meetings	$30,377	$27,521	$2,616	$240
Interest	$1,506,090	$0	$1,506,090	$0
Depreciation, depletion, etc.	$5,517,638	$5,240,081	$249,801	$27,756
Other expenses not covered above	$2,434,472	$1,831,594	$532,334	$70,544

	2000	2001	2002	2003	2004	2005
Balance Sheets
Total assets	$118,634,373	$122,742,400	$116,002,849	$111,874,685	$118,921,789	$111,324,973
Cash - non-interest-bearing	$76,053	$448,475	$479,846	$995,422	$221,534	$250,228
Savings and temporary cash investments	$1,178,043	$1,681,461	$141,701	$260,222	$137,873	$73,155
Accounts receivable less allowance for doubtful accounts	$60,132	$65,060	$28,236	$9,900	$16,188	$22,377
Pledges receivable less allowance for doubtful accounts	$0	$0	$0	$0	$15,575	$21,005
Grants receivable	$0	$0	$0	$0	$0	$0
Receivables from current and former officers, directors, trustees, and key employees	$0	$0	$0	$0	$0	$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts	$0	$0	$0	$0	$0	$0
Inventories for sale or use	$0	$0	$0	$0	$0	$0
Prepaid expenses and deferred charges	$336,679	$398,647	$577,667	$516,504	$735,497	$765,558
Investments - publicly-traded securities
Investments - other securities	$0	$0	$0	$0	$0	$0
Investments - land, buildings, and equipment less accumulated depreciation	$0	$0	$0	$0	$0	$0
Investments - other	$0	$0	$0	$0	$0	$0
Land, buildings, and equipment less accumulated depreciation	$116,332,113	$120,064,677	$114,616,357	$109,410,364	$114,494,488	$110,088,195
Other assets, including program-related investments	$651,353	$84,080	$159,042	$682,273	$3,300,634	$104,455
Total liabilities	$6,368,059	$3,927,665	$2,322,897	$16,289,058	$26,397,107	$28,280,155
Accounts payable and accrued expenses	$6,014,230	$3,034,419	$1,275,833	$1,348,798	$837,503	$1,344,468
Grants payable	$0	$0	$0	$0	$0	$0
Deferred revenue	$353,829	$487,980	$495,401	$434,939	$559,604	$1,860,304
Loans from officers, directors, trustees, and key employees	$0	$0	$0	$0	$0	$75,383
Tax-exempt bond liabilities	$0	$0	$0	$0	$0	$0
Mortgages and other notes payable	$0	$42,060	$23,691	$14,505,321	$25,000,000	$25,000,000
Other liabilities	$0	$363,206	$527,972	$0	$0	$0
Total liabilities and net assets/fund balances	$118,634,373	$122,742,400	$116,002,849	$111,874,685	$118,921,789	$111,324,973
Total net assets or fund balances	$112,266,314	$118,814,735	$113,679,952	$95,585,627	$92,524,682	$83,044,818

	2000	2001	2002	2003	2004	2005
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Total revenue	$0	$34,909,671	$22,595,133	$6,590,620	$18,787,260	$13,831,799
Total revenue, gains, and other support per audited financial statements	$0	$34,122,327	$21,622,207	$5,366,176	$17,535,120	$12,515,750
Other expenses	$0	$127,271	$106,074	$68,373	$40,572	$43,222
Net unrealized gains on investments	$0	$0	$0	$0	$0	$0
Donated services and use of facilities	$0	$0	$0	$0	$0	$0
Recoveries of prior year grants	$0	$0	$0	$0	$0	$0
Other	$0	$127,271	$106,074	$68,373	$40,572	$43,222
Other revenue	$0	$914,615	$1,079,000	$1,292,817	$1,292,712	$1,359,271
Investment expenses	$0	$0	$0	$0	$0	$0
Other	$0	$914,615	$1,079,000	$1,292,817	$1,292,712	$1,359,271

	2000	2001	2002	2003	2004	2005
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
Total expenses	$0	$28,361,250	$27,729,916	$24,684,945	$21,848,205	$23,311,663
Total expenses and losses per audited financial statements	$0	$27,573,906	$26,756,990	$23,460,501	$20,596,065	$21,995,614
Other revenue	$0	$127,271	$106,074	$68,373	$40,572	$43,222
Donated services and use of facilities	$0	$0	$0	$0	$0	$0
Prior year adjustments	$0	$0	$0	$0	$0	$0
Losses	$0	$0	$0	$0	$0	$0
Other	$0	$127,271	$106,074	$68,373	$40,572	$43,222
Other expenses	$0	$914,615	$1,079,000	$1,292,817	$1,292,712	$1,359,271
Investment expenses	$0	$0	$0	$0	$0	$0
Other	$0	$914,615	$1,079,000	$1,292,817	$1,292,712	$1,359,271

Current Officers, Directors, Trustees, and Key Employees

Total number of officers, directors, and trustees permitted to vote on organization business at board meetings	8
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?	Yes
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?	No
Does the organization have a written conflict of interest policy?	Yes

Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?	No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?	No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?	No
Direct and indirect political expenditures	$0
Did the organization file Form 1120-POL for this year?	No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members	$0
Section 162(e) lobbying and political expenditures	$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices	$0
Taxable amount of lobbying and political expenditures	$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911	$0
Amount of tax imposed on the organization during the year under: section 4912	$0
Amount of tax imposed on the organization during the year under: section 4955	$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?	No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958	$0
Amount of tax above, reimbursed by the organization	$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 2006	153

	Unrelated business income		Excluded by section 512, 513, or 514		Related or exempt function income
Analysis of Income-Producing Activities (for 2005)
	Business code	Amount	Exclusion code	Amount	Related or exempt function income
Total		$0		$65,315	$7,325,976
Program service revenue
Program service revenue 1	000000	$0	00	$0	$6,735,851
Program service revenue 2	000000	$0	00	$0	$590,125
Program service revenue 3	000000	$0	00	$0	$0
Program service revenue 4	000000	$0	00	$0	$0
Program service revenue 5	000000	$0	00	$0	$0
Medicare/Medicaid payments	000000	$0	00	$0	$0
Fees and contracts from government agencies	000000	$0	00	$0	$0
Membership dues and assessments	000000	$0	00	$0	$0
Interest on savings and temporary cash investments	000000	$0	Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)	$42,393	$0
Dividends and interest from securities	000000	$0	00	$0	$0
Net rental income or (loss) from real estate
debt-financed property	000000	$0	00	$0	$0
not debt-financed property	000000	$0	00	$0	$0
Net rental income or (loss) from personal property	000000	$0	Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)	$-8,321	$0
Other investment income	000000	$0	00	$0	$0
Gain or (loss) from sales of assets other than inventory	000000	$0	00	$0	$0
Net income or (loss) from special events	000000	$0	Income from an activity that is not regularly carried on (section 512(a)(1))	$31,243	$0
Gross profit or (loss) from sales of inventory	000000	$0	00	$0	$0
Other revenue	000000	$0	00	$0	$0

EIN of corporation, partnership, or disregarded entity	Percentage of ownership interest	Total income	End-of-year assets
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2005)
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0

Compensation	Contributions to employee benefit plans & deferred compensation	Expense account and other allowances
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2005)
$89,498	$14,789	$0
$88,353	$15,030	$0
$87,283	$14,974	$0
$86,349	$14,925	$0
$79,711	$7,400	$0

Total number of other employees paid over $50,000	55

Total number of other employees paid over $50,000

Statements About Activities (for 2005)
Expenses paid or incurred in connection with the lobbying activities	$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year

Reason for Non-Private Foundation Status
The organization is not a private foundation because it is	School

	1999	2000	2001	2002	2003	2004
Support Schedule
Total	$0	$0	$0	$0	$0	$0
Gifts, grants, and contributions received	$0	$0	$0	$0	$0	$0
Membership fees received	$0	$0	$0	$0	$0	$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose	$0	$0	$0	$0	$0	$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975	$0	$0	$0	$0	$0	$0
Net income from unrelated business activities not included above	$0	$0	$0	$0	$0	$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf	$0	$0	$0	$0	$0	$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge	$0	$0	$0	$0	$0	$0
Other income	$0	$0	$0	$0	$0	$0

Lobbying Expenditures by Electing Public Charities (for 2005)
Total exempt purpose expenditures	$0
Total lobbying expenditures	$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)	$0
Total lobbying expenditures to influence a legislative body (direct lobbying)	$0
Other exempt purpose expenditures	$0
Lobbying nontaxable amount	$0
Grassroots nontaxable amount	$0

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Emma Willard School	285 Pawling Ave, Troy, NY 12180-5238	NY	1935-01	$61,474,852
2	Millbrook School	131 Millbrook School Rd, Millbrook, NY 12545-4932	NY	1933-11	$32,849,216
3	Keio Academy Of New York	3 College Rd, Purchase, NY 10577-2108	NY	1994-03	$14,701,175
4	Kipp Academy Charter School	470 Seventh Avenue, New York, NY 10018-7600	NY	2001-07	$13,845,431
5	Ross School	East Hampton, NY 11937	NY		$13,831,799
6	Aquinas Institute Of Rochester	1127 Dewey Ave, Rochester, NY 14613-1305	NY	1994-08	$8,725,503
7	Storm King School	314 Mountain Rd, Cornwall Hdsn, NY 12520-1839	NY	1943-01	$8,160,061
8	Rabbi Jacob H Epstein High School Of Jewish Studies	Po Box 161, Dewitt, NY 13214	NY	1974-10	$51,392
9	Yeshiva Of Los Angeles High Schools	1619 S Robertson Blvd, Los Angeles, CA 90035-4245	CA	2006-09	$5,722,875
10	Our Lady Of Mercy Academy	Olma Convent Rd, Syosset, NY 11791	NY	1946-03	$4,941,132
11	Timothy L Johnson Academy	2125 University Park Drive, Okemos, MI 48864-6910	MI	2005-07	$2,846,717
12	Mercy High School	1225 Ostrander Ave, Riverhead, NY 11901-2108	NY	1946-03	$2,380,183
13	The Gateway Academy Inc	3721 Dacoma St, Houston, TX 77092-8905	TX	2007-03	$2,064,161
14	Soundview Preparatory School	272 N Bedford Rd, Mt Kisco, NY 10549-1166	NY	1994-12	$1,887,159
15	Parkway Christian Academy Inc	9753 Parkway E, Birmingham, AL 35215-7803	AL	2009-07	$1,382,258
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17	Midlands Middle College	1260 Lexington Dr, West Columbia, SC 29170-2176	SC	2009-07	$864,930
18	Springstone Community High School	1035 Caml Lane, Lafayette, CA 94549	CA	2006-12	$629,563
19	Science & Technology Innovatorschallenge Inc	11 Buttonwood Ln, Rumson, NJ 07760-1045	NJ	2006-09	$130,739
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Number of organizations performing similar types of work

Alabama	2
Arizona	3
California	31
Colorado	5
Connecticut	20
District of Columbia	1
Delaware	1
Florida	6
Georgia	5
Hawaii	2
Iowa	1
Illinois	3
Indiana	2
Kansas	1
Kentucky	2
Massachusetts	29
Maryland	5
Maine	5
Michigan	2
Minnesota	3
Missouri	5

Mississippi	1
North Carolina	8
New Hampshire	9
New Jersey	5
New Mexico	4
New York	13
Ohio	4
Oregon	3
Pennsylvania	7
Rhode Island	1
South Carolina	2
Tennessee	6
Texas	7
Utah	1
Virginia	8
Vermont	5
Washington	5
Wisconsin	1
Wyoming	1
International	2

Total

227

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