Sterling Schools Foundation FY2020 filing

Tax-deductible

Sterling, IL501(c)(3)EIN 36-3575698Revenue $841K in FY2020

On file with the IRSsterlingschoolsfoundation.org510 E Miller Rd, 61081-1348 · Sterling, ILTax-exempt since Feb 1989Publicly supported charity — 170(b)(1)(A)(vi)

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

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$56K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $142K a year · 10% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$56K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $71K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$6K
0.08% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$841K
Spent
$1.1M
To programs
92%
Net assets
$6.8M
By yearFY2020–FY2025
Revenue
$841K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$841K
FY2021$1.1M
FY2022$1.2M
FY2023$1.1M
FY2024$1.6M
FY2025$3.0M
Expenses
$1.1M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$941K
FY2022$1.1M
FY2023$943K
FY2024$1.8M
FY2025$2.0M
Net assets
$6.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$6.8M
FY2021$8.2M
FY2022$7.4M
FY2023$7.8M
FY2024$7.7M
FY2025$7.9M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1989.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $964K Management & general 8% · $87K

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

14 people listed on the 990; $56K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Director
$55,837Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Sterling Schools Foundation 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

Supports educational development and programs for Sterling Unit 5 School District.

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Provided by the organization

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3 programs · $964K · in their own filed words · FY2019
01

Tools & technology is a program created to fund purchases of educational-based technology (hardware, software, and related supplies) for all students in the sterling public school system.

$769Kprogram expense
02

Auditorium 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.

$134Kprogram expense
03

The academic booster club supports sterling high school and challand middle school, which are part of the sterling public school system. As a sterling schools foundation committee, the organization provides funding to ensure the high school and middle school can offer co-curricular programs like student council.

$62Kprogram 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
Total grants receivedfrom 4 funders$71K
See all 4 funders →
Grants paid · 14 grants · $4.3M · 2019–2024
Sterling Schools Cusd No 5FY2024$510,502
Unitemized GrantFY2024$109,350
Sterling Schools Cusd No 5FY2023$874,514
Unitemized GrantFY2023$79,250
Sterling Schools Cusd No 5FY2022$383,014
Unitemized GrantFY2022$77,048
Unitemized GrantFY2022$1,182
Sterling Schools Cusd No 5FY2021$510,515
Unitemized GrantFY2021$71,696
Sterling Schools Cusd No 5FY2020$720,262
Sterling Schools Cusd No 5FY2020$74,411
Unitemized GrantFY2020$61,625
Sterling Schools Cusd No 5FY2019$722,453
Sterling Schools Cusd No 5FY2019$133,515

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$841K
Ln 12
Gifts and grantsLn 1h$603K
Investment incomeLn 3$193K
Other incomeLn 4–11$30K
Money outPt IX
$1.1M
Ln 25
Programscol B$964K
Managementcol C$87K
Owns and owesPt X
$6.8M
net assets · Ln 32
Cash and savingsLn 1–2$470K
Total assetsLn 16$6.8M
LiabilitiesLn 26$6K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$603K
Noncash giftsLn 1g$5K
Fees for servicesLn 2g$14K
Investment incomeLn 3$193K
Other incomeLn 4–11$30K
Gains on assetsLn 7$752
Total revenueLn 12$841K
Assets in detailPt X, end of year
CashLn 1$50
SavingsLn 2$470K
Cash and savings togetherLn 1–2$470K
InvestmentsLn 11–13$5.8M
Land, buildings, equipmentLn 10c$512K
Total assetsLn 16$6.8M
LiabilitiesLn 26$6K
Net assetsLn 32$6.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6150
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$973K$470K
InvestmentsLn 11–13$6.1M$5.8M
Land, buildings, equipmentLn 10c$187K$512K
Total assetsLn 16$7.3M$6.8M
LiabilitiesLn 26$5K$6K
Net assetsLn 32$7.3M$6.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$856K$856K
Grants to domestic individualsLn 2$108K$108K
Pay of current officers, directors and key staffLn 5$41K$41K
Other salaries and wagesLn 7$21K$21K
Payroll taxesLn 10$8K$8K
Accounting feesLn 11c$11K$11K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$751$751
Other expenses (24a–d)Ln 24$45$45
Total functional expensesLn 25$1.1M$964K$87K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.0M$2.0M$949K$7.9M 990 PDF
FY2024 $1.6M$1.8M−$277K$7.7M 990 PDF
FY2023 $1.1M$943K$129K$7.8M 990 PDF
FY2022 $1.2M$1.1M$132K$7.4M 990 PDF
FY2021 $1.1M$941K$130K$8.2M 990 PDF
FY2020 Viewing $841K$1.1M−$210K$6.8M 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 FY2020 990 (6 parts)
Part I · Summary $840,660 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $503,253$603,161
I-9 Program service revenuePrior year $26,777$14,042
I-10 Investment incomePrior year $711,153$193,303
I-11 Other revenuePrior year $41,025$30,154
I-12 Total revenuePrior year $1,282,208$840,660
I-13 Grants and similar amounts paidPrior year $1,000,170$963,854
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $68,697$70,359
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $14,628$16,176
I-18 Total expensesPrior year $1,083,495$1,050,389
I-19 Revenue less expensesPrior year $198,713−$209,729
Part VI · Governance 13 of 13 board members independent, 3 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $840,660 across 10 lines filed
Lines not itemized here account for $9,733 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$603,161
VIII-1g Noncash contributions (included above)$5,157
VIII-1h Total contributions, gifts and grants$603,161
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $14,042$14,042
VIII-3 Investment incomeExcluded from tax $192,551$192,551
VIII-6 Net rental income or lossExcluded from tax $1,683$1,683
VIII-7 Net gain or loss on sales of assetsExcluded from tax $752$752
VIII-8 Net income from fundraising eventsExcluded from tax $18,338$18,338
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $400$400
VIII-12 Total revenueRelated to mission $14,442 · Unrelated business $0 · Excluded from tax $223,057$840,660
Part IX · Statement of functional expenses $1,050,389 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $855,968$855,968
IX-2 Grants to domestic individualsPrograms $107,886$107,886
IX-5 Pay of current officers, directors and key staffManagement $41,450$41,450
IX-7 Other salaries and wagesManagement $21,289$21,289
IX-10 Payroll taxesManagement $7,620$7,620
IX-11c Accounting feesManagement $10,820$10,820
IX-12 Advertising and promotionManagement $4,560$4,560
IX-13 Office expensesManagement $751$751
IX-24 Other expenses (24a–d)Management $45$45
IX-25 Total functional expensesPrograms $963,854 · Management $86,535 · Fundraising $0$1,050,389
Part X · Balance sheet $6,790,270 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $50$50
X-2 Savings and temporary cash investmentsStart of year $972,778$470,300
X-10c Land, buildings and equipment, netStart of year $186,808$511,973
X-11 Publicly traded securitiesStart of year $6,104,874$5,807,947
X-16 Total assetsStart of year $7,264,510$6,790,270
X-17 Accounts payable and accrued expensesStart of year $4,501$5,573
X-26 Total liabilitiesStart of year $4,501$5,573
X-27 Net assets without donor restrictionsStart of year $3,769,829$3,652,194
X-28 Net assets with donor restrictionsStart of year $3,490,180$3,132,503
X-32 Total net assets or fund balancesStart of year $7,260,009$6,784,697
X-33 Total liabilities and net assetsStart of year $7,264,510$6,790,270
Part XI · Reconciliation of net assets $6,784,697 net assets at year end
XI-1 Total revenue$840,660
XI-2 Total expenses$1,050,389
XI-3 Revenue less expenses−$209,729
XI-4 Net assets at start of year$7,260,009
XI-5 Net unrealized gains (losses) on investments−$265,584
XI-9 Other changes in net assets$1
XI-10 Net assets at end of year$6,784,697

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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