Civic Intelligence

Sterling Schools Foundation

990 • Fiscal year 2017 • EIN 36-3575698

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 02, 2018

Organization Profilesterlingschoolsfound.org
PO Box 1046Sterling, IL 61081

(815) 626-0022

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$7,341,303

Up $78,824 (+1.1%) from 2016

Net Assets

Up

$7,341,099

Up $84,771 (+1.2%) from 2016

Liabilities

Down

$204

Down $5,947 (-97%) from 2016

Revenue And Expenses

Revenue

Down

$973,187

Down $409,141 (-30%) from 2016

Expenses

Up

$1,224,449

Up $452,586 (+59%) from 2016

Net Income

Down

-$251,262

Down $861,727 (-141%) from 2016

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2016: $7,262,479Liabilities 2016: $6,151Net Assets 2016: $7,256,3282016Assets 2017: $7,341,303Liabilities 2017: $204Net Assets 2017: $7,341,0992017Assets 2018: $7,393,246Liabilities 2018: $1,502Net Assets 2018: $7,391,7442018Assets 2019: $7,264,510Liabilities 2019: $4,501Net Assets 2019: $7,260,0092019Assets 2020: $6,790,270Liabilities 2020: $5,573Net Assets 2020: $6,784,6972020Assets 2021: $8,230,186Liabilities 2021: $7,469Net Assets 2021: $8,222,7172021Assets 2022: $7,391,480Liabilities 2022: $5,412Net Assets 2022: $7,386,0682022Assets 2023: $7,758,889Liabilities 2023: $0Net Assets 2023: $7,758,8892023Assets 2024: $7,690,825Liabilities 2024: $0Net Assets 2024: $7,690,8252024Assets 2025: $7,914,542Liabilities 2025: $0Net Assets 2025: $7,914,5422025

Highlighted filing

2017

Assets$7,341,303
Liabilities$204
Net Assets$7,341,099
Open 2017 Filing

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $1,382,328Expenses 2016: $771,863Net Income 2016: $610,4652016Revenue 2017: $973,187Expenses 2017: $1,224,449Net Income 2017: -$251,2622017Revenue 2018: $883,428Expenses 2018: $1,004,814Net Income 2018: -$121,3862018Revenue 2019: $1,282,208Expenses 2019: $1,083,495Net Income 2019: $198,7132019Revenue 2020: $840,660Expenses 2020: $1,050,389Net Income 2020: -$209,7292020Revenue 2021: $1,070,939Expenses 2021: $940,915Net Income 2021: $130,0242021Revenue 2022: $1,221,484Expenses 2022: $1,089,418Net Income 2022: $132,0662022Revenue 2023: $1,072,222Expenses 2023: $943,398Net Income 2023: $128,8242023Revenue 2024: $1,559,586Expenses 2024: $1,836,322Net Income 2024: -$276,7362024Revenue 2025: $2,997,750Expenses 2025: $2,048,357Net Income 2025: $949,3932025

Highlighted filing

2017

Revenue$973,187
Expenses$1,224,449
Net Income-$251,262
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 2, 2018
Return Version
2016v3.0
Gross Receipts
$1,332,622
Mission and Program Overview

Mission

To promote excellence by finding creative and innovative projects for the staff and students of sterling's schools. Foundation monies allow the sterling school system to initiate, continue, or expand educational projects otherwise left without adequate money to proceed because of budgetary constraints or compelling priorities. The foundation is dedicated to the identification and funding of programs and projects that will raise the level of academic achievement of all sterling public school students. Our goal is to help provide the very best education for students as they prepare for challenges of life.

To assist in the development and education purposes of sterling unit #5 school district.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,534,952$6,910,451▲ $375,499
Savings and Temporary Cash Investments$727,477$430,802▼ $296,675
Cash and Non-Interest-Bearing Accounts$50$50→ $0
Total Assets$7,262,479$7,341,303▲ $78,824
Liabilities
Accounts Payable and Accrued Expenses$6,151$204▼ $5,947
Total Liabilities$6,151$204▼ $5,947
Net Assets / Fund Balance
Unrestricted Net Assets$3,729,016$3,999,486▲ $270,470
Temporarily Rstr Net Assets$3,327,312$3,141,613▼ $185,699
Permanently Rstr Net Assets$200,000$200,000→ $0
Total Net Assets Fund Balance$7,256,328$7,341,099▲ $84,771
Total Liabilities and Net Assets / Fund Balance$7,262,479$7,341,303▲ $78,824

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$290,905-▲ $29,585$12,000$308,490
2015$295,275-▲ $7,380$11,750$290,905
2014$3,909,114$3,659,281▲ $97,629$976,711$6,689,313
2013$3,728,569$704,020▲ $491,306$1,014,781$3,909,114
2012$3,822,069$653,908▲ $355,186$1,515,373$3,315,790
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jim C SpencerExecutive directorPT$33,672$33,672

Board Members and Trustees

NameTitle
Scott WolberPresident
Peter W DillonVice President
Ed AndersenDiRECTOR
GlorIA GRANTDirector
Jeff GeeDirector
Jim BrotheridgedIRECTOR
Julie YemmdIRECTOR
Kristie GeilDirector
MarILYN HENRYDirector
Russ SpitzerdIRECTOR
Tad EverettdirECTOR
Paul OsbornSecretary
Heather SoteloTreasuer
Revenue and Support

Revenue Composition

Contributions and Grants
$527,899
Program Service Revenue
$23,944
Investment Income
$372,584
Other Revenue
$48,760
All Other Contributions
$519,974
Change in Net Assets
$-251,262

Audited Revenue Reconciliation

Revenue per Audited Statements
$973,187
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$371,835
Total Revenue per Audited Statements
$1,345,022
Total Revenue per Form 990
$973,187
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,141,748
Salaries, Compensation, and Employee Benefits$60,124
Other Expenses$22,577
Total Fundraising Expense$5,475
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,107,950--$1,107,950
Current Officers, Directors, Trustees, and Key Employees-$36,888-$36,888
Grants to Domestic Individuals$33,798--$33,798
Other Salaries and Wages-$16,525-$16,525
Advertising-$5,379$5,475$10,854
Fees for Services Accounting-$9,100-$9,100
Payroll Taxes-$6,711-$6,711
Other Expenses-$988-$988
Total Functional Expenses$1,141,748$77,226$5,475$1,224,449

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,260,251
Expenses per Audited Statements$1,224,449
Total Expenses per Form 990$1,224,449
Expenses Not Reported on Form 990$35,802
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Sterling Schools Cusd No 5Sterling, IL170(c)1TO ASSIST IN THE DEVELOPMENT AND EDUCATION PURPOSES OF STERLING UNIT #5 SCHOOL DISTRICT.$778,938
Sterling Schools Cusd No 5Sterling, IL170(c)11-to-1 Computer Project Provides Funding for the School District to Purchase$169,782
Sterling Schools Cusd No 5Sterling, IL170(c)1To support the operations of the centennial auditorium located on the sterling high school campus.$159,230
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$35,050
Fundraising Direct Expenses$14,118
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
PE Shirt Sales$20,936$20,936$9,604$11,332
Corn Boil$14,249$6,324$2,674$3,650
Total Events$42,975$35,050$14,118$20,932
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
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

“The executive director and finance committee review the form 990 before it is filed.”

Form 990, Part VI, Section B, line 15

“When determining employee compensation and benefits, the board president shall form a hiring committee to analyze pertinent information. This information may include: comparisons to compensation packages for other local nonprofit organization executive directors, education level, experience, and evidence of past performance. The hiring committee will then make a recommendation to the full board for final approval.”

Form 990, Part VI, Section C, line 19

“The organization makes its governing documents available to the public upon request during normal operating hours.”

Filing and Contact Details

Filer

Filer Name
Sterling Schools Foundation
EIN
36-3575698
Phone
8156260022
Address
PO Box 1046, Sterling, IL 61081

Signing Officer

Name
Scott Wolber
Title
President
Phone
8156260022
Signed
2018-02-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Wolber
Formed
1989
Legal Domicile
Il
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
50

Preparer

Firm
Wipfli LLP
Address
403 East Third Street, Sterling, IL 61081
Preparer
Richard Wells
Phone
8156261277
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 2C

“The process has not changed since prior year.”

Financial Statement Notes

Part V, Line 4:

“The purpose of the endowment fund is to use the earnings to provide a scholarship to a sterling high school graduate(s) who is pursuing a degree in education.”

Part X, Line 2:

“The Foundation is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code, except on net income derived from unrelated business activities. For the year ending June 30, 2017, the Foundation did not have any income derived from unrelated business activities. Accordingly, the Foundation had no taxable income for the year ended June 30, 2017.”

Part XI, Line 2D - Other Adjustments:

“RECLASS OF DIRECT FUNDRAISING EXPenses 5,265. RECLASS OF CONCESSION EXPENSES 17,700. pe shirt expenses less fundraising exp 8,853.”

Part XII, Line 2D - Other Adjustments:

“RECLASS DIRECT FUNDRAISING EXPenses 5,265. RECLASS CONCESSION EXPENSES 17,700. pe shirt expenses less fundraising exp 8,853.”

PART XII & PART XIII, LINE 2D- OTHER ADJUSTMENTS:

“Expenses reclassified for 990 against income”

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
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IRS990/MissionDesc0THE FOUNDATION'S MISSION IS TO PROMOTE EXCELLENCE BY FINDING CREATIVE AND INNOVATIVE PROJECTS FOR THE STAFF AND STUDENTS OF STERLING'S SCHOOLS. FOUNDATION MONIES WILL ALLOW THE STERLING SCHOOL SYSTEM TO INITIATE, CONTINUE OR EXPAND EDUCATIONAL PROJECTS OTHERWISE LEFT WITHOUT ADEQUATE MONEY TO PROCEED BECAUSE OF BUDGETARY CONSTRAINTS OR COMPELLING PRIORITIES. THE FOUNDATION IS DEDICATED TO THE IDENTIFICATION AND FUNDING OF PROGRAMS AND PROJECTS THAT WILL RAISE THE LEVEL OF ACADEMIC ACHIEVEMENT OF ALL STERLING PUBLIC SCHOOL STUDENTS. OUR GOAL IS TO HELP PROVIDE THE VERY BEST EDUCATION FOR STUDENTS AS THEY PREPARE FOR CHALLENGES OF LIFE.
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IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0172383
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0172383
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt020932
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt020932
IRS990/NetIncomeOrLossGrp/ExclusionAmt014314
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt014314
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt013514
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt013514
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0336033
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MISC FEES & CHARGES
IRS990/OtherExpensesGrp/Desc1COMMUNITY RELATIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01635
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1988
IRS990/OtherExpensesGrp/TotalAmt01635
IRS990/OtherExpensesGrp/TotalAmt1988
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt016525
IRS990/OtherSalariesAndWagesGrp/TotalAmt016525
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06711
IRS990/PayrollTaxesGrp/TotalAmt06711
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0200000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0200000
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Scott Wolber
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Admissions/Ticket Sale
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt023944
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt023944
IRS990/ProgSrvcAccomActy2Grp/Desc01-TO-1 COMPUTER PROJECT PROVIDES FUNDING FOR THE SCHOOL DISTRICT TO PURCHASE LAPTOP COMPUTERS AND IPADS FOR STUDENT USE. THIS IS AN ONGOING PROGRAM THAT SERVED 1,750 STUDENTS THIS YEAR.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0158313
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0158313
IRS990/ProgSrvcAccomActy3Grp/Desc0TO HELP STERLING SCHOOLS TO CONTINUE OR EXPAND EDUCATIONAL PROJECTS OTHERWISE LEFT WITHOUT ADEQUATE MONEY TO PROCEED BECAUSE OF BUDGETARY CONSTRAINTS OR COMPELLING PRIORITIES. OUR GOAL IS TO HELP PROVIDE THE VERY BEST EDUCATION FOR STUDENTS AS THEY PREPARE FOR CHALLENGES OF LIFE.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0824205
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0824205
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01089633
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0693645
IRS990/PYInvestmentIncomeAmt0221606
IRS990/PYOtherExpensesAmt024578
IRS990/PYOtherRevenueAmt063474
IRS990/PYProgramServiceRevenueAmt07615
IRS990/PYRevenuesLessExpensesAmt0610465
IRS990/PYSalariesCompEmpBnftPaidAmt053640
IRS990/PYTotalExpensesAmt0771863
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01382328
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-251262
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt013514
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt023944
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0727477
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0430802
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0522879
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01089633
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0548833
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0620873
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0548253
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03330471
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0211978
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0226304
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0131995
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0113905
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0103485
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0787667
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0398810
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt02181
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt015
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0125
IRS990ScheduleA/OtherIncome170Grp/TotalAmt02321
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.63900
IRS990ScheduleA/PublicSupportPY170Pct00.62180
IRS990ScheduleA/PublicSupportTotal170Amt02632781
IRS990ScheduleA/SubstantialContributorsTotAmt0697690
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0522879
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01089633
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0548833
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0620873
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0548253
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03330471
IRS990ScheduleA/TotalSupportAmt04120459
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.00000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0290905
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0308490
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt029585
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt012000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0295275
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0290905
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt07380
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt011750
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt03909114
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt03659281
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt06689313
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt097629
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0976711
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt03728569
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0704020
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt03909114
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0491306
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt01014781
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt03822069
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0653908
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt03315790
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0355186
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt01515373
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt03984
IRS990ScheduleD/DonatedServicesUseFcltsAmt03984
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt035802
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01224449
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0336033
IRS990ScheduleD/OtherExpensesIncludedAmt031818
IRS990ScheduleD/OtherRevenueAmt031818
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.64830
IRS990ScheduleD/RevenueNotReportedAmt0371835
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0973187
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PURPOSE OF THE ENDOWMENT FUND IS TO USE THE EARNINGS TO PROVIDE A SCHOLARSHIP TO A STERLING HIGH SCHOOL GRADUATE(S) WHO IS PURSUING A DEGREE IN EDUCATION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The Foundation is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code, except on net income derived from unrelated business activities. For the year ending June 30, 2017, the Foundation did not have any income derived from unrelated business activities. Accordingly, the Foundation had no taxable income for the year ended June 30, 2017.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RECLASS OF DIRECT FUNDRAISING EXPenses 5,265. RECLASS OF CONCESSION EXPENSES 17,700. pe shirt expenses less fundraising exp 8,853.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3RECLASS DIRECT FUNDRAISING EXPenses 5,265. RECLASS CONCESSION EXPENSES 17,700. pe shirt expenses less fundraising exp 8,853.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4EXPENSES RECLASSIFIED FOR 990 AGAINST INCOME
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII & PART XIII, LINE 2D- OTHER ADJUSTMENTS:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.35170
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01224449
IRS990ScheduleD/TotalRevenuePerForm990Amt0973187
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01345022
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01260251
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt07925
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt07925
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt014118
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Corn Boil
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0PE Shirt Sales
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt014249
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt020936
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt07790
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt042975
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt06324

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,341,303
Liabilities
$204
Net assets
$7,341,099
Revenue
$973,187
Expenses
$1,224,449
Net income
-$251,262
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.91$0.00$7.91$3.00$2.05$0.95
2024Detailed filing. Detailed filing data is available for this year.$7.69$0.00$7.69$1.56$1.84$0.28
2023Detailed filing. Detailed filing data is available for this year.$7.76$0.00$7.76$1.07$0.94$0.13
2022Detailed filing. Detailed filing data is available for this year.$7.39$0.01$7.39$1.22$1.09$0.13
2021Detailed filing. Detailed filing data is available for this year.$8.23$0.01$8.22$1.07$0.94$0.13
2020Detailed filing. Detailed filing data is available for this year.$6.79$0.01$6.78$0.84$1.05$0.21
2019Detailed filing. Detailed filing data is available for this year.$7.26$0.00$7.26$1.28$1.08$0.20
2018Detailed filing. Detailed filing data is available for this year.$7.39$0.00$7.39$0.88$1.00$0.12
2017Detailed filing. Detailed filing data is available for this year.$7.34$0.00$7.34$0.97$1.22$0.25
2016Detailed filing. Detailed filing data is available for this year.$7.26$0.01$7.26$1.38$0.77$0.61