Civic Intelligence

Sterling College

990 • Fiscal year 2015 • EIN 03-0197728

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 13, 2015

PO Box 72Craftsbury Common, VT 05827

(802) 586-7711

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

68th percentile

0.40x

Higher debt load relative to assets than 68% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

61st percentile

0.30x

Higher debt load relative to revenue than 61% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

74th percentile

14%

Higher net margin than 74% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

94th percentile

59%

Faster asset growth than 94% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

81st percentile

24%

Faster revenue growth than 81% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Up

$6,536,254

Up $2,431,024 (+59%) from 2014

Net Assets

Up

$3,942,536

Up $1,311,994 (+50%) from 2014

Liabilities

Up

$2,593,718

Up $1,119,030 (+76%) from 2014

Revenue

Up

$8,571,737

Up $1,634,803 (+24%) from 2014

Expenses

Up

$7,359,911

Up $947,989 (+15%) from 2014

Net Income

Up

$1,211,826

Up $686,814 (+131%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2011: $3,064,968Liabilities 2011: $914,085Net Assets 2011: $2,150,8832011Assets 2012: $3,275,380Liabilities 2012: $805,129Net Assets 2012: $2,470,2512012Assets 2013: $3,076,781Liabilities 2013: $1,127,480Net Assets 2013: $1,949,3012013Assets 2014: $4,105,230Liabilities 2014: $1,474,688Net Assets 2014: $2,630,5422014Assets 2015: $6,536,254Liabilities 2015: $2,593,718Net Assets 2015: $3,942,5362015Assets 2016: $5,501,938Liabilities 2016: $2,893,415Net Assets 2016: $2,608,5232016Assets 2017: $5,547,288Liabilities 2017: $2,381,159Net Assets 2017: $3,166,1292017Assets 2018: $5,533,693Liabilities 2018: $2,362,046Net Assets 2018: $3,171,6472018Assets 2019: $8,003,819Liabilities 2019: $2,731,968Net Assets 2019: $5,271,8512019Assets 2020: $8,767,919Liabilities 2020: $2,615,983Net Assets 2020: $6,151,9362020Assets 2021: $8,938,081Liabilities 2021: $2,507,095Net Assets 2021: $6,430,9862021Assets 2022: $7,952,564Liabilities 2022: $2,303,562Net Assets 2022: $5,649,0022022Assets 2023: $8,224,987Liabilities 2023: $2,190,656Net Assets 2023: $6,034,3312023Assets 2024: $8,707,303Liabilities 2024: $2,223,965Net Assets 2024: $6,483,3382024

Highlighted filing

2015

Assets$6,536,254
Liabilities$2,593,718
Net Assets$3,942,536

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2011: $4,605,9552011Expenses 2012: $4,922,5452012Revenue 2013: $4,868,927Expenses 2013: $5,389,877Net Income 2013: -$520,9502013Revenue 2014: $6,936,934Expenses 2014: $6,411,922Net Income 2014: $525,0122014Revenue 2015: $8,571,737Expenses 2015: $7,359,911Net Income 2015: $1,211,8262015Revenue 2016: $7,398,091Expenses 2016: $7,676,146Net Income 2016: -$278,0552016Revenue 2017: $8,491,655Expenses 2017: $8,031,215Net Income 2017: $460,4402017Revenue 2018: $8,582,283Expenses 2018: $8,638,468Net Income 2018: -$56,1852018Revenue 2019: $10,360,268Expenses 2019: $8,357,369Net Income 2019: $2,002,8992019Revenue 2020: $10,163,939Expenses 2020: $9,312,188Net Income 2020: $851,7512020Revenue 2021: $9,817,486Expenses 2021: $9,587,017Net Income 2021: $230,4692021Revenue 2022: $9,298,193Expenses 2022: $9,868,328Net Income 2022: -$570,1352022Revenue 2023: $9,079,705Expenses 2023: $8,764,137Net Income 2023: $315,5682023Revenue 2024: $9,107,124Expenses 2024: $8,760,471Net Income 2024: $346,6532024

Highlighted filing

2015

Revenue$8,571,737
Expenses$7,359,911
Net Income$1,211,826
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 13, 2015
Return Version
2014v6.0
Gross Receipts
$8,720,177
Mission and Program Overview

Mission

The sterling college community combines structured academic study with experiential challenges and plain hard work to build responsible problem solvers who become stewards of the environment as they pursue productive lives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,055,723$3,744,526▲ $1,688,803
Pledges and Grants Receivable$267,292$1,466,307▲ $1,199,015
Investments in Publicly Traded Securities$1,045,934$1,109,886▲ $63,952
Accounts Receivable$53,172$80,752▲ $27,580
Prepaid Expenses and Deferred Charges$48,712$72,738▲ $24,026
Cash and Non-Interest-Bearing Accounts$154,204$44,517▼ $109,687
Inventories for Sale or Use$3,136--
Savings and Temporary Cash Investments$397,557$279▼ $397,278
Total Assets$4,105,230$6,536,254▲ $2,431,024
Other Assets Total$79,500$17,249▼ $62,251
Liabilities
Mortgage Notes Payable Secured by Investment Property$999,332$2,143,575▲ $1,144,243
Deferred Revenue$206,859$283,342▲ $76,483
Accounts Payable and Accrued Expenses$268,497$166,801▼ $101,696
Total Liabilities$1,474,688$2,593,718▲ $1,119,030
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,291,260$1,765,900▲ $474,640
Unrestricted Net Assets$749,693$1,587,047▲ $837,354
Permanently Rstr Net Assets$589,589$589,589→ $0
Total Net Assets Fund Balance$2,630,542$3,942,536▲ $1,311,994
Total Liabilities and Net Assets / Fund Balance$4,105,230$6,536,254▲ $2,431,024

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,276,672$1,930,176$5,206,848
Equipment$359,029$293,544$652,573
Other Land Buildings$108,825$258,720$367,545

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$1,040,895-▲ $119,590-$1,104,836
2013$922,213-▲ $175,757-$1,040,895
2012$859,872-▲ $123,950-$922,213
2011$876,051-▲ $2,212-$859,872
2010$710,304-▲ $165,747-$876,051
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matthew DerrPresidentFT$117,063$16,050$133,113
Revenue and Support

Revenue Composition

Contributions and Grants
$3,120,161
Program Service Revenue
$5,392,901
Investment Income
$22,710
Other Revenue
$35,965
All Other Contributions
$2,936,471
Change in Net Assets
$1,211,826

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Residential1$1,000,000Appraisal
Other Non Cash Contri Table1$12,218Fair Market Value
Total Noncash Contributions2$1,012,218-

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,561,088
Revenue Not Reported on Financial Statements
$10,649
Revenue Not Reported on Form 990
$100,865
Other Revenue Adjustments
$10,649
Total Revenue per Audited Statements
$8,661,953
Total Revenue per Form 990
$8,571,737
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,798,647
Salaries, Compensation, and Employee Benefits$2,339,133
Other Expenses$2,222,131
Total Fundraising Expense$194,928
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$2,798,647--$2,798,647
Other Salaries and Wages$1,403,954$447,942$65,649$1,917,545
Occupancy$10,182$552,840-$563,022
Office Expenses$99,329$100,462$32,266$232,057
Payroll Taxes$144,997$46,263$6,780$198,040
All Other Expenses$936,864$-781,568$31,343$186,639
Fees for Services Other$120,575$52,089$8,597$181,261
Depreciation Depletion$11,912$144,576-$156,488
Insurance$41,747$114,023-$155,770
Travel$104,433$5,632$15,504$125,569
Current Officers, Directors, Trustees, and Key Employees$77,748$24,806$3,635$106,189
Advertising$74,746$6,468$140$81,354
Interest-$71,621-$71,621
Pension Plan Contributions$46,080$14,702$2,155$62,937
Other Employee Benefits-$54,422-$54,422
Other Expenses$16,129$17,553$3,268$36,950
Fees for Services Accounting-$30,250-$30,250
Information Technology$315$12,846-$13,161
Conferences and Meetings$3,092$5,722$96$8,910
Fees for Services Legal$287$8,621-$8,908
Total Functional Expenses$6,205,917$959,066$194,928$7,359,911

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$7,359,911
Total Expenses per Audited Statements$7,349,959
Expenses per Audited Statements$7,349,262
Expenses Not Reported on Financial Statements$10,649
Other Expense Adjustments$10,649
Expenses Not Reported on Form 990$697
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The management team reviews the return and compares it to the audit in detail before filing the return. The return is made available to the board of directors prior to it being filed.

Form 990, Page 6, Part VI, Line 12C

Board members provide biographies and complete a conflict of interest statement. The statements are reviewed and members are asked to update or correct their conflict of interest statement if based on the biographies, and other information that may be available, a conflict is found that is not noted correctly in the statement.

Form 990, Page 6, Part VI, Line 15A

The board reviews the president's performance annually and determines appropriate salary based on comparable organizations, the specific market area, and the organization's general rate of compensation.

Form 990, Page 6, Part VI, Line 15B

Salaries are reviewed annually by the president and compensatio is set based on comparable organizations, the specific market area, and the organization's general rate of compensation and/or general equity bumps and accross the board increases.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents available to the general public by providing copies upon request.

Filing and Contact Details

Filer

Filer Name
Sterling College
EIN
03-0197728
Phone
8025867711
Address
PO BOX 72, CRAFTSBURY COMMON, VT 05827

Signing Officer

Name
Matthew Derr
Title
President
Phone
8025867711
Signed
2015-01-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Derr
Formed
1958
Legal Domicile
Vt
Voting Board Members
21
Independent Board Members
21
Employees
148
Volunteers
10

Preparer

Firm
Davis & Hodgdon Associates Cpas Plc
Address
33 BLAIR PARK RD STE 201, WILLISTON, VT 05495
Preparer
Bret Hodgdon
Phone
8028781963
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The sterling college community combines structured academic study with experiential challenges and plain hard work to build responsible problem solvers who become stewards of the environment as they pursue productive lives.

Form 990, Page 2, Part III, Line 4D

Scholarships to assist students with tuition and fees. - costs to operate and maintain facilities, includes a library for the continued education and use of students.

Form 990, Part XI, Line 9

Cogs net of revenue on 990 697 investment expenses -10,649 cogs net of revenue on 990 -697 investment expenses 10,649

Financial Statement Notes

Schedule D, Page 3, Part X

The college annually files an irs form 990, return of organization exempt from income tax, tax return in the u.s. Federal jurisdiction. The college is no longer subject to the u.s. Federal income tax examination by tax authorities for the years prior to june 30, 2012. In the normal course of business, the college is subject to examination by various taxing authorities. Although the outcome of tax audits is always uncertain, the management of the college believes that there are no significant unrecognized tax liabilities at june 30, 2013 and 2014.

Schedule D, Page 4, Part XI, Line 2D

Cogs net of revenue on 990 697

Schedule D, Page 4, Part XI, Line 4B

Investment expenses 10,649

Schedule D, Page 4, Part XII, Line 2D

Cogs net of revenue on 990 697

Schedule D, Page 4, Part XII, Line 4B

Investment expenses 10,649

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IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21PRESIDENT
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IRS990/GrantsToDomesticIndividualsGrp/TotalAmt02798647
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IRS990/InsuranceGrp/ManagementAndGeneralAmt0114023
IRS990/InsuranceGrp/ProgramServicesAmt041747
IRS990/InsuranceGrp/TotalAmt0155770
IRS990/InterestGrp/ManagementAndGeneralAmt071621
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IRS990/ProgramServiceRevenueGrp/BusinessCd2611600
IRS990/ProgramServiceRevenueGrp/Desc0TUITION & FEES
IRS990/ProgramServiceRevenueGrp/Desc1AUXILIARY SERVICES
IRS990/ProgramServiceRevenueGrp/Desc2OTHER PROGRAM SERVICE REVENUE
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11048061
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt213532
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04331308
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11048061
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt213532

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.71$2.22$6.48$9.11$8.76$0.35
2023Detailed filing. Detailed filing data is available for this year.$8.22$2.19$6.03$9.08$8.76$0.32
2022Detailed filing. Detailed filing data is available for this year.$7.95$2.30$5.65$9.30$9.87$0.57
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.94$2.51$6.43$9.82$9.59$0.23
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.77$2.62$6.15$10.2$9.31$0.85
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.00$2.73$5.27$10.4$8.36$2.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.53$2.36$3.17$8.58$8.64$0.06
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.55$2.38$3.17$8.49$8.03$0.46
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.50$2.89$2.61$7.40$7.68$0.28
2015Detailed filing. Detailed filing data is available for this year.$6.54$2.59$3.94$8.57$7.36$1.21
2014Detailed filing. Detailed filing data is available for this year.$4.11$1.47$2.63$6.94$6.41$0.53
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.08$1.13$1.95$4.87$5.39$0.52
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.28$0.81$2.47$4.92
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.06$0.91$2.15$4.61