Sterling College FY2021 filing

Tax-deductible

Craftsbury Cm, VT501(c)(3)Since 1958Colleges & UniversitiesEIN 03-0197728Revenue $9.8M in FY2021

On file with the IRSsterlingcollege.eduPo Box 72, 05827-0072 · Craftsbury Cm, VTTax-exempt since Apr 1960School — 170(b)(1)(A)(ii)

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Sterling College uses education as a force to advance ecological thinking and action through affordable experiential learning that prepares people to be knowledgeable, skilled, and responsible leaders in the communities in which they live. We address critical ecological problems caused by unlimited growth and consumption that is destroying the planet as we have known IT, such as: fossil fuel dependence and rapid climate change, destruction of biodiversity and loss of wild places, promotion of harmful agricultural practices that threaten human and natural communities, persistence of structural oppression that impacts human and ecological wellbeing, and the deterioration of civil society through estrangement from community, nature, and place.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
$126K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $235K a year · 2% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$126K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $166K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.5M
28% of total assets
Looks good: liabilities are 28% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.8M
-3% vs prior year
Spent
$9.6M
To programs
76%
Net assets
$6.4M
By yearFY2020–FY2024
Revenue
$9.8M
FY2021▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$10.2M
FY2021$9.8M
FY2022$9.3M
FY2023$9.1M
FY2024$9.1M
FY2024$4.6M
Expenses
$9.6M
FY2021▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$9.3M
FY2021$9.6M
FY2022$9.9M
FY2023$8.8M
FY2024$8.8M
FY2024$8.4M
Net assets
$6.4M
FY2021▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.2M
FY2021$6.4M
FY2022$5.6M
FY2023$6.0M
FY2024$6.5M
FY2024$2.7M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1960.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $7.3M Management & general 20% · $1.9M Fundraising 4% · $416K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

23 people listed on the 990; $126K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$126,115Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A

Scott Thomas’s $224K as President is at the 87th percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Scott Thomas$224,218$104,630————
Lori Collins-Hall$79,327$175,962$200,000$107,499——
Matthew Derr———$117,726$126,115$114,139
Peter Merrill—————$90,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Sterling College executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates people to lead responsibly in ecological challenges through affordable, hands-on learning.

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Provided by the organization

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3 programs · $7.2M · in their own filed words · FY2020
01

Provided post-secondary education and continuing education academic instruction to college students.

$6.2Mprogram expense
02

Costs incurred for recruiting, enrolling, and providing health and counseling services to students.

$625Kprogram expense
03

Provided dining services, housing, and working farm opportunities for students.

$365Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 27 grants · $14.3M · 2019–2024
St Johns College in Santa FeNM · FY2024$244,520
College of the AtlanticME · FY2024$137,560
Warren Wilson CollegeNC · FY2024$137,250
Bennington College CorporationVT · FY2024$133,450
Randolph College INCVA · FY2024$132,250
Blackburn UniversityIL · FY2024$127,000
Antioch College CorporationOH · FY2024$122,000
Prescott College INCAZ · FY2024$112,250
Northland CollegeWI · FY2024$110,000
Front Line Farming INCCO · FY2024$45,000
Independent Arts & MediaCA · FY2024$10,000
St Johns College in Santa FeNM · FY2023$210,000
Randolph College INCVA · FY2023$120,000
Bennington College CorporationVT · FY2023$110,000
Blackburn UniversityIL · FY2023$110,000
College of the AtlanticME · FY2023$110,000
See all 27 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$9.8M
Ln 12
Fees for servicesLn 2g$5.9M
Gifts and grantsLn 1h$3.8M
Investment incomeLn 3$145K
Money outPt IX
$9.6M
Ln 25
Programscol B$7.3M
Managementcol C$1.9M
Fundraisingcol D$416K
Owns and owesPt X
$6.4M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$8.9M
LiabilitiesLn 26$2.5M
PeoplePt VI, VII
23
listed · VII A
PaidVII A1
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.8M
Government grantsLn 1e$1.7M
Noncash giftsLn 1g$6K
Fees for servicesLn 2g$5.9M
Investment incomeLn 3$145K
Other incomeLn 4–11$16K
Gains on assetsLn 7$132K
Total revenueLn 12$9.8M
Assets in detailPt X, end of year
CashLn 1$346K
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$1.4M
InvestmentsLn 11–13$1.2M
Land, buildings, equipmentLn 10c$3.1M
Other assetsLn 15$358K
Total assetsLn 16$8.9M
LiabilitiesLn 26$2.5M
Net assetsLn 32$6.4M
OperationsPt I, VI
EmployeesI 590
VolunteersI 610
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$840K$1.4M
InvestmentsLn 11–13$1.1M$1.2M
Land, buildings, equipmentLn 10c$3.1M$3.1M
Total assetsLn 16$8.8M$8.9M
LiabilitiesLn 26$2.6M$2.5M
Net assetsLn 32$6.2M$6.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$4.0M$4.0M
Pay of current officers, directors and key staffLn 5$216K$154K$47K$15K
Other salaries and wagesLn 7$2.7M$1.9M$580K$183K
Pension plan contributionsLn 8$85K$61K$18K$6K
Other employee benefitsLn 9$25K$17K$5K$2K
Payroll taxesLn 10$248K$177K$54K$17K
Legal feesLn 11b$21K$4K$17K
Accounting feesLn 11c$28K$28K
Investment management feesLn 11f$5K$5K
Other fees for servicesLn 11g$504K$300K$139K$65K
Advertising and promotionLn 12$84K$9K$75K
Office expensesLn 13$257K$149K$77K$31K
Information technologyLn 14$530$530
OccupancyLn 16$312K$6K$306K
TravelLn 17$38K$26K$11K$575
Conferences, conventions and meetingsLn 19$3K$152$732$2K
InterestLn 20$100K$100K
Depreciation, depletion and amortizationLn 22$217K$7K$211K
InsuranceLn 23$236K$69K$167K
Other expenses (24a–d)Ln 24$424K$336K$78K$10K
All other expensesLn 24e$104K$64K$31K$10K
Total functional expensesLn 25$9.6M$7.3M$1.9M$416K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $9.1M$8.8M$347K$6.5M 990 PDF
FY2023 $9.1M$8.8M$316K$6.0M 990 PDF
FY2022 $9.3M$9.9M−$570K$5.6M 990 PDF
FY2021 Viewing $9.8M$9.6M$230K$6.4M 990 PDF
FY2020 $10.2M$9.3M$852K$6.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $9,817,486 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,229,805$3,754,231
I-9 Program service revenuePrior year $5,892,522$5,902,126
I-10 Investment incomePrior year $17,586$144,841
I-11 Other revenuePrior year $24,026$16,288
I-12 Total revenuePrior year $10,163,939$9,817,486
I-13 Grants and similar amounts paidPrior year $3,912,216$4,017,859
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,811,771$3,236,232
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,588,201$2,332,926
I-18 Total expensesPrior year $9,312,188$9,587,017
I-19 Revenue less expensesPrior year $851,751$230,469
Part VI · Governance 21 of 21 board members independent, no flags
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $9,817,486 across 9 lines filed
VIII-1e Government grants$1,705,012
VIII-1f All other contributions, gifts and grants$2,049,219
VIII-1g Noncash contributions (included above)$6,000
VIII-1h Total contributions, gifts and grants$3,754,231
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,902,126$5,902,126
VIII-3 Investment incomeExcluded from tax $12,989$12,989
VIII-6 Net rental income or lossExcluded from tax $16,288$16,288
VIII-7 Net gain or loss on sales of assetsExcluded from tax $131,852$131,852
VIII-12 Total revenueRelated to mission $5,902,126 · Excluded from tax $161,129$9,817,486
Part IX · Statement of functional expenses $9,587,017 across 21 lines filed
IX-2 Grants to domestic individualsPrograms $4,017,859$4,017,859
IX-5 Pay of current officers, directors and key staffPrograms $154,091 · Management $47,073 · Fundraising $14,820$215,984
IX-7 Other salaries and wagesPrograms $1,899,505 · Management $580,280 · Fundraising $182,681$2,662,466
IX-8 Pension plan contributionsPrograms $60,533 · Management $18,492 · Fundraising $5,821$84,846
IX-9 Other employee benefitsPrograms $17,499 · Management $5,348 · Fundraising $1,683$24,530
IX-10 Payroll taxesPrograms $177,222 · Management $54,140 · Fundraising $17,044$248,406
IX-11b Legal feesPrograms $4,159 · Management $16,590$20,749
IX-11c Accounting feesManagement $27,564$27,564
IX-11f Investment management feesManagement $5,423$5,423
IX-11g Other fees for servicesPrograms $299,587 · Management $138,999 · Fundraising $65,051$503,637
IX-12 Advertising and promotionManagement $8,689 · Fundraising $74,868$83,557
IX-13 Office expensesPrograms $149,169 · Management $77,204 · Fundraising $30,987$257,360
IX-14 Information technologyManagement $530$530
IX-16 OccupancyPrograms $5,669 · Management $306,062$311,731
IX-17 TravelPrograms $26,392 · Management $10,663 · Fundraising $575$37,630
IX-19 Conferences, conventions and meetingsPrograms $152 · Management $732 · Fundraising $2,276$3,160
IX-20 InterestManagement $99,843$99,843
IX-22 Depreciation, depletion and amortizationPrograms $6,568 · Management $210,731$217,299
IX-23 InsurancePrograms $68,695 · Management $167,482$236,177
IX-24 Other expenses (24a–d)Programs $335,837 · Management $78,089 · Fundraising $10,351$424,277
IX-24e All other expensesPrograms $63,559 · Management $30,553 · Fundraising $9,877$103,989
IX-25 Total functional expensesPrograms $7,286,496 · Management $1,884,487 · Fundraising $416,034$9,587,017
Part X · Balance sheet $8,938,081 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $266,857$345,927
X-2 Savings and temporary cash investmentsStart of year $573,445$1,054,929
X-3 Pledges and grants receivableStart of year $3,533,985$2,545,002
X-4 Accounts receivableStart of year $61,848$300,681
X-9 Prepaid expenses and deferred chargesStart of year $46,141$10,340
X-10c Land, buildings and equipment, netStart of year $3,059,662$3,074,950
X-11 Publicly traded securitiesStart of year $1,063,733$1,248,156
X-15 Other assetsStart of year $162,248$358,096
X-16 Total assetsStart of year $8,767,919$8,938,081
X-17 Accounts payable and accrued expensesStart of year $436,552$411,963
X-19 Deferred revenueStart of year $455,079$190,082
X-26 Total liabilitiesStart of year $2,615,983$2,507,095
X-27 Net assets without donor restrictionsStart of year $739,795$971,410
X-28 Net assets with donor restrictionsStart of year $5,412,141$5,459,576
X-32 Total net assets or fund balancesStart of year $6,151,936$6,430,986
X-33 Total liabilities and net assetsStart of year $8,767,919$8,938,081
Part XI · Reconciliation of net assets $6,430,986 net assets at year end
XI-1 Total revenue$9,817,486
XI-2 Total expenses$9,587,017
XI-3 Revenue less expenses$230,469
XI-4 Net assets at start of year$6,151,936
XI-5 Net unrealized gains (losses) on investments$48,581
XI-10 Net assets at end of year$6,430,986

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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