Sterling Co INC: FY2023 Nonprofit Profile & Form 990 (EIN 46-2455801)

Revenue by fiscal year
FY2020	$29.7M
FY2021	$30.7M
FY2022	$28.1M
FY2023	$28.9M
FY2024	$37.8M
FY2025	$35.5M

Expenses by fiscal year
FY2020	$28.1M
FY2021	$29.6M
FY2022	$27.5M
FY2023	$27.9M
FY2024	$34.5M
FY2025	$35.1M

Net assets by fiscal year
FY2020	$4.6M
FY2021	$5.8M
FY2022	$6.4M
FY2023	$7.4M
FY2024	$10.7M
FY2025	$9.5M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2014.

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

Where the money goes

98 cents of each dollar spent went to programs.

98%

Program services 98% · $27.5M Management & general 2% · $466K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII

Mike Self

Chair

$0Pt VII · Sec A

Tony Snow

Secretary

$0Pt VII · Sec A

Scott Mayo

Member

$0Pt VII · Sec A

Kathy West

Chief Executive Officer

$0Pt VII · Sec A

See Sterling Co INC 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 15aNo

Programs and updates

Offers healthcare and management services to organizations serving mentally disabled citizens.

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Provided by the organization

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1 program · $27.5M · in their own filed words · FY2022

01

Provision of healthcare and management services to those organizations serving mentally disabled adults.

$27.5Mprogram expense

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$28.9M

Ln 12

Fees for servicesLn 2g$28.2M

Gifts and grantsLn 1h$514K

Investment incomeLn 3$164K

Money outPt IX

$27.9M

Ln 25

Programscol B$27.5M

Managementcol C$466K

Owns and owesPt X

$7.4M

net assets · Ln 32

Cash and savingsLn 1–2$1.9M

Total assetsLn 16$10.9M

LiabilitiesLn 26$3.5M

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$514K

Government grantsLn 1e$512K

Fees for servicesLn 2g$28.2M

Investment incomeLn 3$164K

Other incomeLn 4–11$7K

Gains on assetsLn 7$157K

Total revenueLn 12$28.9M

Assets in detailPt X, end of year

CashLn 1$1.9M

Cash and savings togetherLn 1–2$1.9M

InvestmentsLn 11–13$4.6M

Land, buildings, equipmentLn 10c$1.8M

Other assetsLn 15$0

Total assetsLn 16$10.9M

LiabilitiesLn 26$3.5M

Net assetsLn 32$7.4M

OperationsPt I, VI

EmployeesI 554

VolunteersI 60

Fiscal year endsHeaderSeptember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$6.3M	$1.9M
InvestmentsLn 11–13		$4.6M
Land, buildings, equipmentLn 10c	$175K	$1.8M
Total assetsLn 16	$9.6M	$10.9M
LiabilitiesLn 26	$3.1M	$3.5M
Net assetsLn 32	$6.4M	$7.4M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$1.8M	$1.8M
Pension plan contributionsLn 8	$20K	$20K
Other employee benefitsLn 9	$247K	$247K
Payroll taxesLn 10	$153K	$153K
Legal feesLn 11b	$40K		$40K
Accounting feesLn 11c	$13K		$13K
Other fees for servicesLn 11g	$183K	$45K	$138K
Advertising and promotionLn 12	$4K		$4K
Office expensesLn 13	$10K		$10K
OccupancyLn 16	$191K		$191K
TravelLn 17	$24K	$24K
Depreciation, depletion and amortizationLn 22	$27K	$27K
InsuranceLn 23	$9K		$9K
Other expenses (24a–d)Ln 24	$25.2M	$25.1M	$60K
All other expensesLn 24e	$7K	$6K	$710
Total functional expensesLn 25	$27.9M	$27.5M	$466K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$35.5M	$35.1M	$371K	$9.5M	990 PDF
FY2024	$37.8M	$34.5M	$3.3M	$10.7M	990 PDF
FY2023 Viewing	$28.9M	$27.9M	$986K	$7.4M	990 PDF
FY2022	$28.1M	$27.5M	$653K	$6.4M	990 PDF
FY2021	$30.7M	$29.6M	$1.1M	$5.8M	990 PDF
FY2020	$29.7M	$28.1M	$1.5M	$4.6M	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 FY2023 990 (6 parts)

Part I · Summary $28,912,299 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$513,798

I-9 Program service revenuePrior year $28,132,256$28,227,999

I-10 Investment incomePrior year $7,804$163,791

I-11 Other revenuePrior year −$4,702$6,711

I-12 Total revenuePrior year $28,135,358$28,912,299

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $1,868,935$2,244,035

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $25,613,307$25,682,642

I-18 Total expensesPrior year $27,482,242$27,926,677

I-19 Revenue less expensesPrior year $653,116$985,622

Part VI · Governance 3 of 3 board members independent, 3 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue $28,912,299 across 7 lines filed

Lines not itemized here account for $6,711 of total revenue; see the IRS return.

VIII-1e Government grants$511,639

VIII-1f All other contributions, gifts and grants$2,159

VIII-1h Total contributions, gifts and grants$513,798

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $28,227,999$28,227,999

VIII-3 Investment incomeExcluded from tax $7,171$7,171

VIII-7 Net gain or loss on sales of assetsExcluded from tax $156,620$156,620

VIII-12 Total revenueRelated to mission $28,227,999 · Unrelated business $0 · Excluded from tax $170,502$28,912,299

Part IX · Statement of functional expenses $27,926,677 across 15 lines filed

IX-7 Other salaries and wagesPrograms $1,823,797$1,823,797

IX-8 Pension plan contributionsPrograms $20,236$20,236

IX-9 Other employee benefitsPrograms $246,883$246,883

IX-10 Payroll taxesPrograms $153,119$153,119

IX-11b Legal feesManagement $40,426$40,426

IX-11c Accounting feesManagement $12,563$12,563

IX-11g Other fees for servicesPrograms $44,550 · Management $138,345$182,895

IX-12 Advertising and promotionManagement $4,378$4,378

IX-13 Office expensesManagement $9,912$9,912

IX-16 OccupancyManagement $190,667$190,667

IX-17 TravelPrograms $23,822$23,822

IX-22 Depreciation, depletion and amortizationPrograms $26,739$26,739

IX-23 InsuranceManagement $9,158$9,158

IX-24 Other expenses (24a–d)Programs $25,115,629 · Management $59,813$25,175,442

IX-24e All other expensesPrograms $5,930 · Management $710$6,640

IX-25 Total functional expensesPrograms $27,460,705 · Management $465,972 · Fundraising $0$27,926,677

Part X · Balance sheet $10,890,370 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $6,345,182$1,854,623

X-4 Accounts receivableStart of year $2,972,932$2,590,268

X-9 Prepaid expenses and deferred charges$14,786

X-10c Land, buildings and equipment, netStart of year $174,802$1,843,553

X-11 Publicly traded securities$4,587,140

X-15 Other assetsStart of year $73,707$0

X-16 Total assetsStart of year $9,566,623$10,890,370

X-17 Accounts payable and accrued expensesStart of year $3,148,154$3,486,279

X-26 Total liabilitiesStart of year $3,148,154$3,486,279

X-27 Net assets without donor restrictionsStart of year $6,418,469$7,404,091

X-32 Total net assets or fund balancesStart of year $6,418,469$7,404,091

X-33 Total liabilities and net assetsStart of year $9,566,623$10,890,370

Part XI · Reconciliation of net assets $7,404,091 net assets at year end

XI-1 Total revenue$28,912,299

XI-2 Total expenses$27,926,677

XI-3 Revenue less expenses$985,622

XI-4 Net assets at start of year$6,418,469

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$7,404,091

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Sterling Co INC FY2023 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Sterling Co INC

By the numbers

Filing history

Schedules filed Part IV