Civic Intelligence

Sterling Schools Foundation

990 • Fiscal year 2018 • EIN 36-3575698

Jul 01, 2017 to Jun 30, 2018 • Filed on Dec 13, 2018

PO Box 1046Sterling, IL 61081

(815) 626-0022

Siviq Scores

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

Liabilities / Assets

8th percentile

0.00x

Higher debt load relative to assets than 8% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

8th percentile

0.00x

Higher debt load relative to revenue than 8% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

15th percentile

-14%

Higher net margin than 15% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

24th percentile

$48,960

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

46th percentile

0.7%

Faster asset growth than 46% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

21st percentile

-9.2%

Faster revenue growth than 21% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Up

$7,393,246

Up $51,943 (+0.7%) from 2017

Net Assets

Up

$7,391,744

Up $50,645 (+0.7%) from 2017

Liabilities

Up

$1,502

Up $1,298 (+636%) from 2017

Revenue

Down

$883,428

Down $89,759 (-9.2%) from 2017

Expenses

Down

$1,004,814

Down $219,635 (-18%) from 2017

Net Income

Up

-$121,386

Up $129,876 (+52%) from 2017

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

2018

Assets$7,393,246
Liabilities$1,502
Net Assets$7,391,744

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

2018

Revenue$883,428
Expenses$1,004,814
Net Income-$121,386
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Dec 13, 2018
Return Version
2017v2.3
Gross Receipts
$909,744
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$6,910,451$7,039,004▲ $128,553
Savings and Temporary Cash Investments$430,802$354,192▼ $76,610
Cash and Non-Interest-Bearing Accounts$50$50→ $0
Total Assets$7,341,303$7,393,246▲ $51,943
Liabilities
Accounts Payable and Accrued Expenses$204$1,502▲ $1,298
Total Liabilities$204$1,502▲ $1,298
Net Assets / Fund Balance
Unrestricted Net Assets$3,999,486$3,802,031▼ $197,455
Temporarily Rstr Net Assets$3,141,613$3,389,713▲ $248,100
Permanently Rstr Net Assets$200,000$200,000→ $0
Total Net Assets Fund Balance$7,341,099$7,391,744▲ $50,645
Total Liabilities and Net Assets / Fund Balance$7,341,303$7,393,246▲ $51,943

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$308,490-▲ $21,020$15,750$313,760
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jim C SpencerExecutive DirectorPT$48,960$48,960

Board Members and Trustees

NameTitle
Scott WolberPresident
Peter W DillonVice President
Bob AllenDirector
Ed AndersenDirector
Gloria GrantDirector
Jeff GeeDirector
Kristie GeilDirector
Maggie WikeDirector
Marilyn HenryDirector
Russ SpitzerDirector
Tad EverettDirector
Paul OsbornSecretary
Heather SoteloTreasuer

Highest Paid Contractors

ContractorServicesLocationCompensation
Top-notch Productions INCInstall Video And Lighting Upgrades At C923 E 59TH ST, Davenport, IA 52807$125,309
Revenue and Support

Revenue Composition

Contributions and Grants
$476,000
Program Service Revenue
$28,966
Investment Income
$338,021
Other Revenue
$40,441
All Other Contributions
$468,350
Change in Net Assets
$-121,386

Audited Revenue Reconciliation

Revenue per Audited Statements
$883,428
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$202,331
Total Revenue per Audited Statements
$1,085,759
Total Revenue per Form 990
$883,428
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$906,824
Salaries, Compensation, and Employee Benefits$67,051
Other Expenses$30,939
Total Fundraising Expense$1,056
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$810,415--$810,415
Grants to Domestic Individuals$96,409--$96,409
Current Officers, Directors, Trustees, and Key Employees-$38,362-$38,362
Other Salaries and Wages-$21,242-$21,242
Fees for Services Accounting-$9,350-$9,350
Payroll Taxes-$7,447-$7,447
Advertising-$3,812$1,056$4,868
Other Expenses-$-3,109-$-3,109
Total Functional Expenses$906,824$96,934$1,056$1,004,814

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,035,114
Expenses per Audited Statements$1,004,814
Total Expenses per Form 990$1,004,814
Expenses Not Reported on Form 990$30,300
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.$620,295
Sterling Schools Cusd No 5Sterling, IL170(c)1To Support the Operations of the Centennial Auditorium Located on the Sterling High School Campus.$166,485
Sterling Schools Cusd No 5Sterling, IL170(c)11-to-1 Computer Project Provides Funding for the School District to Purchase$23,635
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$32,148
Fundraising Direct Expenses$15,638
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Pe Shirt Sales$19,810$19,810$10,236$9,574
Corn Boil$12,818$5,168$2,468$2,700
Total Events$39,798$32,148$15,639$16,509
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
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
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
2018-12-13
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
60

Preparer

Firm
Wipfli Llp
Address
403 EAST THIRD STREET, STERLING, IL 61081
Preparer
Michelle L Heller
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, 2018, 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, 2018.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Reclass of direct fundraising expenses 6,470. Reclass of concession expenses 10,678. Pe shirt expenses less fundraising exp 9,168.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Reclass direct fundraising expenses 6,470. Reclass concession expenses 10,678. Pe shirt expenses less fundraising exp 9,168.

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

Expenses reclassified for 990 against income

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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
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IRS990/InvestmentIncomeGrp/ExclusionAmt0205067
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0205067
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt06910451
IRS990/InvestmentsPubTradedSecGrp/EOYAmt07039004
IRS990/IRPDocumentCnt027
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt07341099
IRS990/NetAssetsOrFundBalancesEOYAmt07391744
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0132954
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0132954
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt016510
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt016510
IRS990/NetIncomeOrLossGrp/ExclusionAmt07877
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt07877
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt016054
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt016054
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0172031
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0ATHLETIC BOOSTERS
IRS990/OtherExpensesGrp/Desc1COMMUNITY RELATIONS
IRS990/OtherExpensesGrp/Desc2MISC FEES & CHARGES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt019297
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1533
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2-3109
IRS990/OtherExpensesGrp/TotalAmt019297
IRS990/OtherExpensesGrp/TotalAmt1533
IRS990/OtherExpensesGrp/TotalAmt2-3109
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt021242
IRS990/OtherSalariesAndWagesGrp/TotalAmt021242
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07447
IRS990/PayrollTaxesGrp/TotalAmt07447
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0200000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0200000
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0SCOTT WOLBER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0ADMISSIONS/TICKET SALE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt028966
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt028966
IRS990/ProgSrvcAccomActy2Grp/Desc0BUCKS FOR BOOKS WAS STARTED IN 2006 TO ASSIST THE STERLING PUBLIC SCHOOL SYSTEM WITH FUNDING FOR THE PURCHASE OF STUDENT TEXTBOOKS, LIBRARY BOOKS, AND RELATED SUPPLIES. THIS PROGRAM SUPPLEMENTS THE SCHOOL DISTRICT'S BUDGET FOR THESE ITEMS. THIS IS AN ONGOING PROGRAM AND SERVED 3,500 PEOPLE THIS YEAR.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt041447
IRS990/ProgSrvcAccomActy2Grp/GrantAmt041447
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/ExpenseAmt0503380
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0503380
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0527899
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01141748
IRS990/PYInvestmentIncomeAmt0372584
IRS990/PYOtherExpensesAmt022577
IRS990/PYOtherRevenueAmt048760
IRS990/PYProgramServiceRevenueAmt023944
IRS990/PYRevenuesLessExpensesAmt0-251262
IRS990/PYSalariesCompEmpBnftPaidAmt060124
IRS990/PYTotalExpensesAmt01224449
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0973187
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-121386
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt016054
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt028966
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0430802
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0354192
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0476000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0522879
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01089633
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0548833
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0620873
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03258218
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0221121
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0211978
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0226304
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0131995
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0113905
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0905303
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0393252
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt02181
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt015
IRS990ScheduleA/OtherIncome170Grp/TotalAmt02196
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.68690
IRS990ScheduleA/PublicSupportPY170Pct00.63900
IRS990ScheduleA/PublicSupportTotal170Amt02861223
IRS990ScheduleA/SubstantialContributorsTotAmt0396995
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0476000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0522879
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01089633
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0548833
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0620873
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03258218
IRS990ScheduleA/TotalSupportAmt04165717
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.00000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0308490
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0313760
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt021020
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt015750
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0290905
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0308490
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt029585
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt012000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0295275
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0290905
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt07380
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt011750
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt03909114
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt03659281
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt06689313
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt097629
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0976711
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt03728569
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0704020
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt03909114
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0491306
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt01014781
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt03984
IRS990ScheduleD/DonatedServicesUseFcltsAmt03984
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt030300
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01004814
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0172031
IRS990ScheduleD/OtherExpensesIncludedAmt026316
IRS990ScheduleD/OtherRevenueAmt026316
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.64000
IRS990ScheduleD/RevenueNotReportedAmt0202331
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0883428
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, 2018, 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, 2018.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RECLASS OF DIRECT FUNDRAISING EXPENSES 6,470. RECLASS OF CONCESSION EXPENSES 10,678. PE SHIRT EXPENSES LESS FUNDRAISING EXP 9,168.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3RECLASS DIRECT FUNDRAISING EXPENSES 6,470. RECLASS CONCESSION EXPENSES 10,678. PE SHIRT EXPENSES LESS FUNDRAISING EXP 9,168.
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/TermEndowmentBalanceEOYPct00.36000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01004814
IRS990ScheduleD/TotalRevenuePerForm990Amt0883428
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01085759
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01035114
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt07650
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt07650
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt015639
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0CORN BOIL
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0PE SHIRT SALES
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt012818

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