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Sterling Schools Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 363575698 ✦ Sterling, IL ✦ Designated as a 501(c)(3)

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

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.

Here 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?

Here are 12 key members and their salaries:

    Jim C Spencer (Executive Director)
  • Compensation: $0
  • Related: $78,673
  • Other: $15,679

    • Scott Wolber (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peter W Dillon (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Heather Sotelo (Treasurer (Thru Jan, 2022)) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alice Reter (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Maggie Wike (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ed Andersen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Greg Zeigler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Will Lee (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tad Everett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pam Capes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paul Osborn (Secretary (Thru Jan, 2022)) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.sterlingschoolsfoundation.org

    Where can I find the form 990 for Sterling Schools Foundation?

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    The Sterling Schools Foundation plays a crucial role in supporting the development and educational aspirations of the Sterling Unit #5 School District. One of its notable achievements is the establishment and continued support of the Centennial Auditorium, located on the campus of Sterling High School. This facility, funded by the foundation in 1998, serves as a hub for various educational and community activities, accommodating approximately 15,000 individuals annually. By raising funds to build and sustain the auditorium, the foundation ensures that students and residents have access to the necessary resources for cultural and educational enrichment.

    Furthermore, the foundation's mission to promote excellence through innovative projects underscores its commitment to enhancing the academic experience for both staff and students within the Sterling Schools system. By providing financial support for educational initiatives that may otherwise be constrained by budget limitations, the foundation empowers the school district to implement new programs and expand existing ones, ultimately elevating the academic achievement of all students. Through its dedication to fostering a quality education, the Sterling Schools Foundation plays a vital role in preparing students for the challenges they will encounter in their future endeavors.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    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
  • 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

    Principal Officer

    Jim C Spencer

    Main Address

    510 E MILLER RD, STERLING, IL, 61081

    NTEE Category

    Code: B84 - Education

    If you are a representative of Sterling Schools Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.