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Illinois · Nonprofit

STERLING SCHOOLS FOUNDATION

STERLING SCHOOLS FOUNDATION (Illinois) receives grants from 8 organizations whose IRS filings report $973,578 to it, the largest being DILLON FOUNDATION ($919,703). 3 of them have funded it in more than one year.

Revenue FY2025
$3.0M
Funders on record
8
Grants received
$974k
Net assets
$7.9M
3/8 repeat funderspeak grant-dependency 18%
01What it does

What Sterling Schools Foundation does

Mission

To promote excellence by finding creative and innovative projects for the staff and students of sterling's schools. Foundation monies 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.

As stated on its FY2025 Form 990.

Programs

  1. 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.

    $797,390 spentof which $619,852 as grants
    43% of program spending
  2. Shs atheletic booster club provides as needed financial assistance to sterling high school athletic programs and athletes. Served 453 students.

    $152,431 spent
    8% of program spending
  3. Golden warrior tv program provides live video coverage of sterling public schools sporting events, concerts, ceremonies, etc. Revenue is generated from subscription and advertising sales. Number served 1,000.

    $59 spent$5,285 earned by the program
    0% of program spending
  4. Additional programs include gw baseball club, a+ initiative, academic booster club, blue & gold program, tools & technology program, & others. These programs serve students & alumni of the sterling school system.

    $885,766 spent
    48% of program spending

The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $1,835,646.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.

100 = 20172017 Revenue 100 ($973k) Expenses 100 ($1.2M) Net assets 100 ($7.3M)2018 Revenue 91 ($883k) Expenses 82 ($1.0M) Net assets 101 ($7.4M)2019 Revenue 132 ($1.3M) Expenses 88 ($1.1M) Net assets 99 ($7.3M)2020 Revenue 86 ($841k) Expenses 86 ($1.1M) Net assets 92 ($6.8M)2021 Revenue 110 ($1.1M) Expenses 77 ($941k) Net assets 112 ($8.2M)2022 Revenue 126 ($1.2M) Expenses 89 ($1.1M) Net assets 101 ($7.4M)2023 Revenue 110 ($1.1M) Expenses 77 ($943k) Net assets 106 ($7.8M)2024 Revenue 160 ($1.6M) Expenses 150 ($1.8M) Net assets 105 ($7.7M)2025 Revenue 308 ($3.0M) Expenses 167 ($2.0M) Net assets 108 ($7.9M)
'17'18'19'20'21'22'23'24'25
Revenue (308)Expenses (167)Net assets (108)

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $6.8M to $8.2M (+21%).

$7.3M
$7.4M
$7.3M
$6.8M
$8.2M
$7.4M
$7.8M
$7.7M
$7.9M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 9 reported years ran a deficit.

−$251k
’17
−$121k
’18
$199k
’19
−$210k
’20
$130k
’21
$132k
’22
$129k
’23
−$277k
’24
$949k
’25
2.2
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

'17'18'19'20'21'22'23'24'25
Listed141414141612121111
Joined·+2+2+1+2+1+1+0+1
No longer listed·22105111
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 1 funder to 4 funders, grant income rose $84k → $162k.

4 of 8 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 2% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of STERLING SCHOOLS FOUNDATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

STERLING SCHOOLS FOUNDATION leans on a few funders — its largest provides 94% of grant income and the top three 99%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

94%
largest funder
99%
top three
~1
effective funders

Largest funder’s share by year: 2017 100% · 2018 100% · 2019 100% · 2020 100% · 2021 98% · 2022 98% · 2023 81% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of STERLING SCHOOLS FOUNDATION's grant income comes from Illinois funders.

IL
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Illinois out of state home

Funder states come from each funder’s own filing. $22k arriving through sponsors registered in 4 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Organizations like STERLING SCHOOLS FOUNDATION

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Illinois

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

90% of spending goes to programs.

Program 90%Management 10%Fundraising 0%

Governance

10
board members
100%
independent
–Conflict-of-interest policy–Whistleblower policy–Document retention✓Board reviewed the 990✓Audited financials

Public support

67%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

IL

Part of a family of 1 related entity

  • Sterling Schools Cusd No 5 · exempt

Screen this organization

A dated, signed PDF of the compliance screen for STERLING SCHOOLS FOUNDATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds STERLING SCHOOLS FOUNDATION?
STERLING SCHOOLS FOUNDATION (Illinois) receives grants from 8 organizations whose IRS filings report $973,578 to it, the largest being DILLON FOUNDATION ($919,703). 3 of them have funded it in more than one year.
How many funders does STERLING SCHOOLS FOUNDATION have?
IRS filings report 8 organizations giving $973,578 in grants to STERLING SCHOOLS FOUNDATION, 3 of which have funded it in more than one year.
Who is the largest funder of STERLING SCHOOLS FOUNDATION?
DILLON FOUNDATION is the largest funder on record, with $919,703 in grants. The full list of funders is on this page.
How can an organization like STERLING SCHOOLS FOUNDATION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Illinois. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 8 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing