Overview
What is Sterling Schools Foundation?
The Sterling Schools Foundation is a nonprofit organization situated in Sterling, Illinois. Established in 1998, it raised funds to construct the Centennial Auditorium located on the campus of Sterling High School, which is part of the local public school system. The foundation continues to cover all operational expenses at the facility, ensuring upkeep, maintenance, utilities, and staffing. With a mission to promote excellence, the foundation seeks out innovative and creative projects to enhance the learning experience for the staff and students of Sterling's schools. By providing funding for educational projects, the Sterling Schools Foundation helps elevate the academic achievement of all students in the district, aiming to deliver top-tier education as students prepare for life's challenges. This year, the foundation served over 15,000 individuals.
Official website here: www.sterlingschoolsfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
The Sterling Schools Foundation has received an overall score of 84%, reflecting a solid performance in terms of accountability and finance. The rating is based entirely on the Accountability & Finance Score, which demonstrates a strong commitment to maintaining a transparent and independent board structure, with 100% of board members being independent. Additionally, the foundation has a high program expense ratio of 86.04%, indicating that the majority of its funds are directed towards its programs rather than administrative costs.
However, there are notable areas for improvement. The foundation lacks several key policies, including a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which could impact its overall governance. Furthermore, the nonprofit has not posted its tax form on its website, which limits transparency regarding its financial practices.
Despite these limitations, the Sterling Schools Foundation's strong governance structure and high program expense ratio suggest a commitment to effectively utilizing resources for its intended purpose. Addressing the missing policies could enhance its accountability and strengthen stakeholder confidence in the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Sterling Schools Foundation legitimate?
Sterling Schools Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sterling Schools Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $54,159
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,275
For more financial information, click here
Official website here: www.sterlingschoolsfoundation.org
What is the mission statement of Sterling Schools Foundation?
The Sterling Schools Foundation's mission is geared towards enhancing the educational experience for students in the Sterling Unity #5 School District. The foundation aims to promote excellence by identifying and funding innovative projects for the district's staff and students. The primary objective is to help initiate, continue, or expand educational initiatives that might be financially constrained due to budgetary limitations or competing priorities. By doing so, the foundation seeks to raise the academic achievement level of all Sterling public school students, ultimately providing them with a high-quality education as they prepare for life's challenges.
Official website here: www.sterlingschoolsfoundation.org
Who is the CEO of Sterling Schools Foundation?
Jim C Spencer is the President of Sterling Schools Foundation.
Official website here: www.sterlingschoolsfoundation.org
What is the revenue of Sterling Schools Foundation?
Sterling Schools Foundation's revenue in 2022 was $1,221,484.
Official website here: www.sterlingschoolsfoundation.org
Who are the executives of Sterling Schools Foundation and what are their salaries?
There 100 volunteers at Sterling Schools Foundation.
Here are 12 key members and their salaries:
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- Related: $78,673
- Other: $15,679
Official website here: www.sterlingschoolsfoundation.org
Where can I find the form 990 for Sterling Schools Foundation?
Sterling Schools Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sterlingschoolsfoundation.org
Learn more at the official website: www.sterlingschoolsfoundation.org
Mission Statement of Sterling Schools Foundation
Sterling Schools Foundation, a dedicated nonprofit organization, is committed to promoting excellence in the educational sector of Sterling Unit #5 School District. Its mission is to identify and fund creative and innovative projects that can enhance the learning experience for the district's staff and students. The foundation recognizes budgetary constraints and compelling priorities that may hinder the initiation, continuation, or expansion of educational projects. Therefore, it aims to provide additional financial support to enable the Sterling School System to undertake such projects, ultimately raising the academic achievement of all public school students in the district. The ultimate goal of Sterling Schools Foundation is to contribute to the provision of high-quality education, preparing students to face the challenges of life with confidence and competence.
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Impact
October, 2024
Sterling Schools Foundation plays a transformative role in the educational landscape of Sterling Unit #5 School District. By funding the operations of the Centennial Auditorium, the foundation ensures that the community has access to a vital resource that supports both educational and cultural activities. This year alone, the auditorium served 15,000 people, facilitating events that enrich the overall learning experience.
The foundation's mission focuses on promoting excellence in education by financing innovative projects that enhance academic achievement. By identifying and supporting initiatives that might otherwise lack funding due to budget constraints, they empower staff and students to pursue creative and impactful educational endeavors. Their ongoing commitment to raising the bar for academic performance directly contributes to preparing students for future challenges, fostering a more robust and well-rounded educational experience.
This information is meant to be a general summary of Sterling Schools Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $405,858
- Program Service Revenue: $5,872
- Gross Receipts: $1,338,711
Assets and Liabilities:
- Total Assets: $7,391,480
- Total Liabilities: $5,412
- Net Assets: $7,386,068
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GWTV PASS
Revenue
$5,872
Organization Details
Founding Year
1989
Phone
(815) 626-0022Principal Officer
Jim C Spencer
Main Address
510 E MILLER RD, STERLING, IL, 61081
NTEE Category
Code: B84 - Education
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