Civic Intelligence

Sterling Schools Foundation

990 • Fiscal year 2023 • EIN 36-3575698

Jul 01, 2022 to Jun 30, 2023 • Filed on Apr 02, 2024

Organization ProfileSTERLINGSCHOOLSFOUNDATION.ORG
510 E Miller RdSterling, 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

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

8th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

66th percentile

12%

Higher net margin than 66% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

40th percentile

$105,470

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 9.8% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

48th percentile

5.0%

Faster asset growth than 48% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

23rd percentile

-12%

Faster revenue growth than 23% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets8th percentile

Assets

Up

$7,758,889

Up $367,409 (+5.0%) from 2022

Net Assets

Up

$7,758,889

Up $372,821 (+5.0%) from 2022

Liabilities

Down

$0

Down $5,412 (-100%) from 2022

Revenue And Expenses
Liabilities / Revenue8th percentileNet Margin66th percentile

Revenue

Down

$1,072,222

Down $149,262 (-12%) from 2022

Expenses

Down

$943,398

Down $146,020 (-13%) from 2022

Net Income

Down

$128,824

Down $3,242 (-2.5%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth48th percentile

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

2023

Assets$7,758,889
Liabilities$0
Net Assets$7,758,889
Open 2023 Filing

Operations Trend

Revenue Growth23rd percentile

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

2023

Revenue$1,072,222
Expenses$943,398
Net Income$128,824
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Apr 2, 2024
Return Version
2022v5.0
Gross Receipts
$4,444,798
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$6,175,339$6,671,045▲ $495,706
Land, Buildings, and Equipment, Net$967,654$938,676▼ $28,978
Savings and Temporary Cash Investments$248,437$149,118▼ $99,319
Cash and Non-Interest-Bearing Accounts$50$50→ $0
Total Assets$7,391,480$7,758,889▲ $367,409
Liabilities
Accounts Payable and Accrued Expenses$5,412$0▼ $5,412
Total Liabilities$5,412$0▼ $5,412
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,644,855$3,960,705▲ $315,850
Net Assets Without Donor Restrictions$3,741,213$3,798,184▲ $56,971
Total Net Assets Fund Balance$7,386,068$7,758,889▲ $372,821
Total Liabilities and Net Assets / Fund Balance$7,391,480$7,758,889▲ $367,409

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$676,803$38,081$714,884
Land$185,777-$185,777
Equipment$76,096$61,934$138,030

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$301,483-▲ $23,871$27,184$298,170
2021$350,711-▼ $26,728$22,500$301,483
2020$297,293-▲ $76,668$23,250$350,711
2019$321,990-▼ $3,697$21,000$297,293
2018$313,760-▲ $17,230$9,000$321,990
Compensation and Service Providers
Top Officer Pay40th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Jim C SpencerExecutive DirectorPT$105,470$105,470

Board Members and Trustees

NameTitle
Scott WolberPresident
Peter W DillonVice President
Ed AndersenDirector
Greg ZeiglerDirector
Maggie WikeDirector
Pam CapesDirector
Tad EverettDirector
Terry McguireDirector
Will LeeDirector
Alice ReterSecretary
Heather SoteloTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$643,917
Program Service Revenue
$4,605
Investment Income
$278,172
Other Revenue
$145,528
All Other Contributions
$558,484
Change in Net Assets
$128,824

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,167,667
Revenue Not Reported on Financial Statements
$-95,445
Revenue Not Reported on Form 990
$332,645
Other Revenue Adjustments
$-95,445
Total Revenue per Audited Statements
$1,500,312
Total Revenue per Form 990
$1,072,222
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$461,244
Other Expenses$410,443
Salaries, Compensation, and Employee Benefits$71,711
Total Fundraising Expense$4,104
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$383,014--$383,014
Fees for Services Other$123,437--$123,437
Occupancy$99,642$7,532-$107,174
Grants to Domestic Individuals$78,230--$78,230
Current Officers, Directors, Trustees, and Key Employees$3,000$41,704-$44,704
Depreciation Depletion-$44,099-$44,099
Office Expenses$4,059$23,027$2,612$29,698
Fees for Services Accounting-$23,671-$23,671
Other Salaries and Wages$21,911--$21,911
All Other Expenses$11,644$931$1,492$14,067
Other Employee Benefits-$5,096-$5,096
Other Expenses$3,256$2,637-$3,256
Travel-$25-$25
Total Functional Expenses$745,656$193,638$4,104$943,398

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,127,491
Expenses per Audited Statements$943,398
Total Expenses per Form 990$943,398
Expenses Not Reported on Form 990$184,093
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Sterling Schools Cusd No 5Sterling, IL170(c)1To Support the Operations of the Centennial Auditorium Located on the Sterling High School Campus.$383,014
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$20,854
Fundraising Gross Income$12,900
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Block Party$26,423$10,500$2,511$7,989
Corn Boil$3,959$2,400$25$2,375
Total Events$30,382$12,900$20,854$-7,954
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 35% controlled entity
No
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
No
Other officer compensation reviewed
No
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
510 E MILLER RD, STERLING, IL 61081

Signing Officer

Name
Jim C Spencer
Title
Executive Director
Phone
8156260022
Signed
2024-04-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim C Spencer
Formed
1989
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
150

Preparer

Firm
Wipfli Llp
Address
1502 LONDON ROAD SUITE 200, DULUTH, MN 55812
Preparer
Michael J Peterson CPA
Phone
2187224705
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Contractual services: program service expenses 51,580. Management and general expenses 0. Fundraising expenses 0. Total expenses 51,580. Set designer/theater assistant: program service expenses 63,944. Management and general expenses 0. Fundraising expenses 0. Total expenses 63,944. Auditorium workers: program service expenses 7,913. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,913.”

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 graduates who are pursuing a degree in education.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Ticket sales paid back to outside organizations 88,648.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Cost of goods sold -74,591. Direct fundraising expenses -20,854.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Direct fundraising expenses 20,854. Cost of goods sold 74,591. Ticket sales paid back to outside organizations 88,648.”

Raw XML AppendixShowing 400 of 611 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt05412
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO ASSIST IN THE DEVELOPMENT AND EDUCATION PURPOSES OF STERLING UNIT #5 SCHOOL DISTRICT.
IRS990/AllOtherContributionsAmt0558484
IRS990/AllOtherExpensesGrp/FundraisingAmt01492
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0931
IRS990/AllOtherExpensesGrp/ProgramServicesAmt011644
IRS990/AllOtherExpensesGrp/TotalAmt014067
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0JIM C SPENCER
IRS990/BooksInCareOfDetail/PhoneNum08156260022
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0510 E MILLER RD
IRS990/BooksInCareOfDetail/USAddress/CityNm0STERLING
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd061081
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt050
IRS990/CashNonInterestBearingGrp/EOYAmt050
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt041704
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt03000
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt044704
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContriRptFundraisingEventAmt017482
IRS990/CostOfGoodsSoldAmt074591
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0643917
IRS990/CYGrantsAndSimilarPaidAmt0461244
IRS990/CYInvestmentIncomeAmt0278172
IRS990/CYOtherExpensesAmt0410443
IRS990/CYOtherRevenueAmt0145528
IRS990/CYProgramServiceRevenueAmt04605
IRS990/CYRevenuesLessExpensesAmt0128824
IRS990/CYSalariesCompEmpBnftPaidAmt071711
IRS990/CYTotalExpensesAmt0943398
IRS990/CYTotalFundraisingExpenseAmt04104
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01072222
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt044099
IRS990/DepreciationDepletionGrp/TotalAmt044099
IRS990/Desc0AUDITORIUM OPERATIONS - CENTENNIAL AUDITORIUM IS LOCATED ON THE CAMPUS OF STERLING HIGH SCHOOL, WHICH IS PART OF THE STERLING PUBLIC SCHOOL SYSTEM. THE STERLING SCHOOLS FOUNDATION RAISED THE FUNDS TO BUILD THE AUDITORIUM IN 1998 AND CONTINUES TO FUND ALL OPERATIONAL EXPENSES AT THE FACILITY, INCLUDING UPKEEP, MAINTENANCE, UTILITIES, AND STAFF. THIS IS AN ONGOING PROGRAM AND SERVED 15,000 PEOPLE THIS YEAR.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt03644855
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt03960705
IRS990/DonorRstrOrQuasiEndowmentsInd01
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0212489
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt023671
IRS990/FeesForServicesAccountingGrp/TotalAmt023671
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0123437
IRS990/FeesForServicesOtherGrp/TotalAmt0123437
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1130.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1116039
IRS990/Form990PartVIISectionAGrp/PersonNm0SCOTT WOLBER
IRS990/Form990PartVIISectionAGrp/PersonNm1PETER W DILLON
IRS990/Form990PartVIISectionAGrp/PersonNm2HEATHER SOTELO
IRS990/Form990PartVIISectionAGrp/PersonNm3ALICE RETER
IRS990/Form990PartVIISectionAGrp/PersonNm4ED ANDERSEN
IRS990/Form990PartVIISectionAGrp/PersonNm5PAM CAPES
IRS990/Form990PartVIISectionAGrp/PersonNm6TAD EVERETT
IRS990/Form990PartVIISectionAGrp/PersonNm7WILL LEE
IRS990/Form990PartVIISectionAGrp/PersonNm8TERRY MCGUIRE
IRS990/Form990PartVIISectionAGrp/PersonNm9MAGGIE WIKE
IRS990/Form990PartVIISectionAGrp/PersonNm10GREG ZEIGLER
IRS990/Form990PartVIISectionAGrp/PersonNm11JIM C SPENCER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1189431
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01989
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt017482
IRS990/FundraisingDirectExpensesAmt020854
IRS990/FundraisingGrossIncomeAmt012900
IRS990/GainOrLossGrp/SecuritiesAmt0-11410
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantAmt0131440
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt078230
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt078230
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0383014
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0383014
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt03265721
IRS990/GrossReceiptsAmt04444798
IRS990/GrossRentsGrp/RealAmt09900
IRS990/GrossSalesOfInventoryAmt0127226
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0289582
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0289582
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt06175339
IRS990/InvestmentsPubTradedSecGrp/EOYAmt06671045
IRS990/IRPDocumentCnt031
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0100015
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0967654
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0938676
IRS990/LandBldgEquipCostOrOtherBssAmt01038691
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt03277131
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt06787
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt06787
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/NetAssetsOrFundBalancesBOYAmt07386068
IRS990/NetAssetsOrFundBalancesEOYAmt07758889
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-11410
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-11410
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-7954
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-7954
IRS990/NetIncomeOrLossGrp/ExclusionAmt052635
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt052635
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt09900
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt09900
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0243997
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03741213
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03798184
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt07532
IRS990/OccupancyGrp/ProgramServicesAmt099642
IRS990/OccupancyGrp/TotalAmt0107174
IRS990/OfficeExpensesGrp/FundraisingAmt02612
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt023027
IRS990/OfficeExpensesGrp/ProgramServicesAmt04059
IRS990/OfficeExpensesGrp/TotalAmt029698
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt05096
IRS990/OtherEmployeeBenefitsGrp/TotalAmt05096
IRS990/OtherExpensesGrp/Desc0GWTV EXPENSE
IRS990/OtherExpensesGrp/Desc1EQUIPMENT & CAPITAL IMP
IRS990/OtherExpensesGrp/Desc2DUES
IRS990/OtherExpensesGrp/Desc3WOODSHOP EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt043271
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11645
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22637
IRS990/OtherExpensesGrp/ProgramServicesAmt016575
IRS990/OtherExpensesGrp/ProgramServicesAmt1888
IRS990/OtherExpensesGrp/ProgramServicesAmt23256
IRS990/OtherExpensesGrp/TotalAmt043271
IRS990/OtherExpensesGrp/TotalAmt118220
IRS990/OtherExpensesGrp/TotalAmt23525
IRS990/OtherExpensesGrp/TotalAmt33256
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0RECYCLING FUNDS
IRS990/OtherRevenueMiscGrp/Desc1TICKET SALES
IRS990/OtherRevenueMiscGrp/ExclusionAmt071231
IRS990/OtherRevenueMiscGrp/ExclusionAmt112929
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt071231
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt112929
IRS990/OtherRevenueTotalAmt090947
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt021911
IRS990/OtherSalariesAndWagesGrp/TotalAmt021911
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JIM C SPENCER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0GWTV PASS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04605
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04605
IRS990/ProgSrvcAccomActy2Grp/Desc0SHS ATHLETIC BOOSTER CLUB PROVIDES AS NEEDED FINANCIAL ASSISTANCE TO STERLING HIGH SCHOOL ATHLETIC PROGRAMS AND ATHLETES. SERVED 453 STUDENTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0195499
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0120931
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0GOLDEN WARRIOR TV PROGRAM PROVIDES LIFE VIDEO COVERAGE OF STERLING PUBLIC SCHOOLS SPORTING EVENTS, CONCERTS, CEREMONIES, ETC. REVENUE IS GENERATED FROM SUBSCRIPTION AND ADVERTISING SALES. NUMBER SERVED 1,000.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt093638
IRS990/ProgSrvcAccomActy3Grp/GrantAmt057922
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt04605
IRS990/ProgSrvcAccomActyOtherGrp/Desc0BLUE & GOLD PROGRAM FUNDS IMPORTANT ALUMNI RELATIONS EFFORTS INCLUDING PUBLICATION OF ANNUAL ALUMNI MAGAZINE, MONTHLY EMAIL NEWSLETTER AND OUR ORGANIZATION'S WEBSITE. SEASONAL STAFF IS HIRED TO RESEARCH AND COMPLETE INFORMATION INCLUDED IN COMMUNICATION PIECES. MAIL 12,000 ANNUAL ALUMNI MAGAZINES AND EMAIL 6,500 MONTHLY.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1TOOLS & TECHNOLOGY IS A PROGRAM CREATED TO FUND PURCHASES OF EDUCATIONAL-BASED TECHNOLOGY (HARDWARE, SOFTWARE, AND RELATED SUPPLIES) FOR ALL STUDENTS IN THE STERLING PUBLIC SCHOOLS.
IRS990/ProgSrvcAccomActyOtherGrp/Desc2GW BASEBALL CLUB PROVIDES DEVELOPMENTAL BASEBALL OPPORTUNITIES FOR STERLING PUBLIC SCHOOL STUDENTS IN GRADES 3-12. NUMBER SERVED: 110
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt092815
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt176897
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt274318
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt057413
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt147567
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt245971
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt00
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt10
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt20
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0624134
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0582211
IRS990/PYInvestmentIncomeAmt0405858
IRS990/PYOtherExpensesAmt0436383
IRS990/PYOtherRevenueAmt0185620
IRS990/PYProgramServiceRevenueAmt05872
IRS990/PYRevenuesLessExpensesAmt0132066
IRS990/PYSalariesCompEmpBnftPaidAmt070824
IRS990/PYTotalExpensesAmt01089418
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01221484
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0128824
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt067951
IRS990/RentalIncomeOrLossGrp/RealAmt09900
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0248437
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0149118
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0643917
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0624134
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0396253
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0603161
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0503253
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02770718
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0299482
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0150399
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0138815
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0195407
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0305545
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01089648
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0619973
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.54270
IRS990ScheduleA/PublicSupportPY170Pct00.53780
IRS990ScheduleA/PublicSupportTotal170Amt02095142
IRS990ScheduleA/SubstantialContributorsTotAmt0675576
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0643917
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0624134
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0396253
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0603161
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0503253
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02770718
IRS990ScheduleA/TotalSupportAmt03860366
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/BuildingsGrp/BookValueAmt0676803
IRS990ScheduleD/BuildingsGrp/DepreciationAmt038081
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0714884
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0301483
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0298170
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt023871
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt027184
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0350711
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0301483
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-26728
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt022500
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0297293
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0350711
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt076668
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt023250
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0321990
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0297293
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-3697
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt021000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0313760
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0321990
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt017230
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt09000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt076096

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,758,889
Liabilities
$0
Net assets
$7,758,889
Revenue
$1,072,222
Expenses
$943,398
Net income
$128,824
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