2024-04-02T16:25:57-05:00 2023-06-30 390758449 WIPFLI LLP 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2022-07-01 363575698 STERLING SCHOOLS FOUNDATION STER 8156260022 510 E MILLER RD STERLING IL 61081 JIM C SPENCER EXECUTIVE DIRECTOR 8156260022 2024-04-02 1 JIM SPENCER 999009999 1 MICHAEL J PETERSON CPA P01833529 2187224705 2024-03-29 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JIM C SPENCER 510 E MILLER RD STERLING IL 61081 4444798 0 X STERLINGSCHOOLSFOUNDATION.ORG X 1989 IL TO ASSIST IN THE DEVELOPMENT AND EDUCATION PURPOSES OF STERLING UNIT #5 SCHOOL DISTRICT. 11 11 0 150 0 0 624134 643917 5872 4605 405858 278172 185620 145528 1221484 1072222 582211 461244 0 0 70824 71711 0 0 4104 436383 410443 1089418 943398 132066 128824 7391480 7758889 5412 0 7386068 7758889 X THE FOUNDATION'S MISSION IS TO PROMOTE EXCELLENCE BY FINDING CREATIVE AND INNOVATIVE PROJECTS FOR THE STAFF AND STUDENTS OF STERLING'S SCHOOLS. FOUNDATION MONIES WILL ALLOW THE STERLING SCHOOL SYSTEM TO INITIATE, CONTINUE OR EXPAND EDUCATIONAL PROJECTS OTHERWISE LEFT WITHOUT ADEQUATE MONEY TO PROCEED BECAUSE OF BUDGETARY CONSTRAINTS OR COMPELLING PRIORITIES. THE FOUNDATION IS DEDICATED TO THE IDENTIFICATION AND FUNDING OF PROGRAMS AND PROJECTS THAT WILL RAISE THE LEVEL OF ACADEMIC ACHIEVEMENT OF ALL STERLING PUBLIC SCHOOL STUDENTS. OUR GOAL IS TO HELP PROVIDE THE VERY BEST EDUCATION FOR STUDENTS AS THEY PREPARE FOR CHALLENGES OF LIFE. 0 0 212489 131440 0 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. THIS IS AN ONGOING PROGRAM AND SERVED 15,000 PEOPLE THIS YEAR. 195499 120931 0 SHS ATHLETIC BOOSTER CLUB PROVIDES AS NEEDED FINANCIAL ASSISTANCE TO STERLING HIGH SCHOOL ATHLETIC PROGRAMS AND ATHLETES. SERVED 453 STUDENTS. 93638 57922 4605 GOLDEN WARRIOR TV PROGRAM PROVIDES LIFE VIDEO COVERAGE OF STERLING PUBLIC SCHOOLS SPORTING EVENTS, CONCERTS, CEREMONIES, ETC. REVENUE IS GENERATED FROM SUBSCRIPTION AND ADVERTISING SALES. NUMBER SERVED 1,000. 92815 57413 0 BLUE & GOLD PROGRAM FUNDS IMPORTANT ALUMNI RELATIONS EFFORTS INCLUDING PUBLICATION OF ANNUAL ALUMNI MAGAZINE, MONTHLY EMAIL NEWSLETTER AND OUR ORGANIZATION'S WEBSITE. SEASONAL STAFF IS HIRED TO RESEARCH AND COMPLETE INFORMATION INCLUDED IN COMMUNICATION PIECES. MAIL 12,000 ANNUAL ALUMNI MAGAZINES AND EMAIL 6,500 MONTHLY. 76897 47567 0 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 SCHOOLS. 74318 45971 0 GW BASEBALL CLUB PROVIDES DEVELOPMENTAL BASEBALL OPPORTUNITIES FOR STERLING PUBLIC SCHOOL STUDENTS IN GRADES 3-12. NUMBER SERVED: 110 244030 150951 0 745656 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 31 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 IL X JIM C SPENCER 8156260022 510 E MILLER RD STERLING IL 61081 SCOTT WOLBER PRESIDENT 1.00 X X 0 0 0 PETER W DILLON VICE PRESIDENT 1.00 X X 0 0 0 HEATHER SOTELO TREASURER 1.00 X X 0 0 0 ALICE RETER SECRETARY 1.00 X X 0 0 0 ED ANDERSEN DIRECTOR 1.00 X 0 0 0 PAM CAPES DIRECTOR 1.00 X 0 0 0 TAD EVERETT DIRECTOR 1.00 X 0 0 0 WILL LEE DIRECTOR 1.00 X 0 0 0 TERRY MCGUIRE DIRECTOR 1.00 X 0 0 0 MAGGIE WIKE DIRECTOR 1.00 X 0 0 0 GREG ZEIGLER DIRECTOR 1.00 X 0 0 0 JIM C SPENCER EXECUTIVE DIRECTOR 30.00 X 0 89431 16039 0 89431 16039 0 0 0 0 0 17482 67951 558484 643917 GWTV PASS 900099 4605 4605 4605 289582 289582 9900 0 9900 9900 9900 3265721 3277131 -11410 -11410 -11410 12900 17482 20854 -7954 -7954 127226 74591 52635 52635 RECYCLING FUNDS 900099 71231 71231 TICKET SALES 900099 12929 12929 6787 6787 90947 1072222 4605 0 423700 X 383014 383014 78230 78230 44704 3000 41704 21911 21911 5096 5096 23671 23671 123437 123437 29698 4059 23027 2612 107174 99642 7532 25 25 44099 44099 GWTV EXPENSE 43271 43271 EQUIPMENT & CAPITAL IMP 18220 16575 1645 DUES 3525 888 2637 WOODSHOP EXPENSE 3256 3256 14067 11644 931 1492 943398 745656 193638 4104 50 50 248437 149118 1038691 100015 967654 938676 6175339 6671045 7391480 7758889 5412 0 5412 0 X 3741213 3798184 3644855 3960705 7386068 7758889 7391480 7758889 128824 243997 0 X 0 1 X 1 0 X 503253 603161 396253 624134 643917 2770718 503253 603161 396253 624134 643917 2770718 675576 2095142 305545 195407 138815 150399 299482 1089648 3860366 619973 0.54270 0.53780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 301483 23871 27184 298170 350711 -26728 22500 301483 297293 76668 23250 350711 321990 -3697 21000 297293 313760 17230 9000 321990 0.00000 0.67100 0.32900 0 0 185777 185777 714884 38081 676803 138030 61934 76096 938676 1500312 243997 88648 332645 1167667 -95445 -95445 1072222 1127491 184093 184093 943398 0 943398 PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT FUND IS TO USE THE EARNINGS TO PROVIDE A SCHOLARSHIP TO A STERLING HIGH SCHOOL GRADUATES WHO ARE PURSUING A DEGREE IN EDUCATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: TICKET SALES PAID BACK TO OUTSIDE ORGANIZATIONS 88,648. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -74,591. DIRECT FUNDRAISING EXPENSES -20,854. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 20,854. COST OF GOODS SOLD 74,591. TICKET SALES PAID BACK TO OUTSIDE ORGANIZATIONS 88,648. BLOCK PARTY 26423 15923 10500 5000 10094 2511 CORN BOIL 3959 1559 2400 3224 25 30382 17482 12900 5000 13318 2536 20854 -7954 1 STERLING SCHOOLS CUSD NO 5 410 E LEFEVRE RD STERLING IL 61081 362746264 170(C)1 383014 0 TO SUPPORT THE OPERATIONS OF THE CENTENNIAL AUDITORIUM LOCATED ON THE STERLING HIGH SCHOOL CAMPUS. 1 0 SCHOLARSHIPS AWARDED 43 77048 DISCRETIONARY GRANTS 6 1182 PART I, LINE 2: THE STERLING SCHOOLS CUSD #5 SUBMITS AN INVOICE AND DOCUMENTATION (PURCHASE INVOICES & PAYMENT INFORMATION) FOR CUSD #5 GRANT EXPENDITURES. THE FOUNDATION EXECUTIVE DIRECTOR REVIEWS THE REIMBURSEMENT REQUEST TO ENSURE GRANT FUNDS ARE BEING UTILIZED IN THE MANNER INDICATED IN THE GRANT GUIDELINES, APPROVES THE INVOICE FOR PAYMENT, AND FORWARDS IT TO THE RECORDING TREASURER FOR REIMBURSEMENT. ALLOCATIONS OF GRANT DOLLARS ARE TRACKED IN THE FOUNDATION'S ACCOUNTING SOFTWARE AND REPORTS ARE PROVIDED TO THE FOUNDATION DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE DIRECTOR AND FINANCE COMMITTEE REVIEW THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 15 WHEN DETERMINING EMPLOYEE COMPENSATION AND BENEFITS, THE BOARD PRESIDENT SHALL FORM A HIRING COMMITTEE TO ANALYZE PERTINENT INFORMATION. THIS INFORMATION MAY INCLUDE: COMPARISONS TO COMPENSATION PACKAGES FOR OTHER LOCAL NONPROFIT ORGANIZATION EXECUTIVE DIRECTORS, EDUCATION LEVEL, EXPERIENCE, AND EVIDENCE OF PAST PERFORMANCE. THE HIRING COMMITTEE WILL THEN MAKE A RECOMMENDATION TO THE FULL BOARD FOR FINAL APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST DURING NORMAL OPERATING HOURS. FORM 990, PART IX, LINE 11G CONTRACTUAL SERVICES: PROGRAM SERVICE EXPENSES 51,580. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 51,580. SET DESIGNER/THEATER ASSISTANT: PROGRAM SERVICE EXPENSES 63,944. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 63,944. AUDITORIUM WORKERS: PROGRAM SERVICE EXPENSES 7,913. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,913. STERLING SCHOOLS CUSD NO 5 410 E LEFEVRE RD STERLING IL 61081 362746264 TO OFFER COMPREHENSIVE PROGRAMS FOR THE NEEDS OF PRE-K UP TO 12TH GRADE IL 170(C)(1) 501(C)(3) 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 STERLING SCHOOLS CUSD NO 5 B 383014 STERLING SCHOOLS CUSD NO 5 C 67951 STERLING SCHOOLS CUSD NO 5 P 137465