Sterling College
- Assets
- $8.9m
- Revenue
- $9.8m
- Investments
- $0.0
- Employees
- 105
- Location
- Craftsbury Common, VT
- Founding
- 04/1960
- Data as of
- 06/2021
- EIN
- 03-0197728
Organization Overview
Sterling College is located in Craftsbury Common, VT. The organization was established in 1960. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Sterling College employed 105 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sterling College is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Sterling College generated $9.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $9.6m during the year ending 06/2021. While expenses have increased by 3.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
STERLING COLLEGE USES EDUCATION AS A FORCE TO ADVANCE ECOLOGICAL THINKING AND ACTION THROUGH AFFORDABLE EXPERIENTIAL LEARNING THAT PREPARES PEOPLE TO BE KNOWLEDGEABLE, SKILLED, AND RESPONSIBLE LEADERS IN THE COMMUNITIES IN WHICH THEY LIVE. WE ADDRESS CRITICAL ECOLOGICAL PROBLEMS CAUSED BY UNLIMITED GROWTH AND CONSUMPTION THAT IS DESTROYING THE PLANET AS WE HAVE KNOWN IT, SUCH AS: FOSSIL FUEL DEPENDENCE AND RAPID CLIMATE CHANGE, DESTRUCTION OF BIODIVERSITY AND LOSS OF WILD PLACES, PROMOTION OF HARMFUL AGRICULTURAL PRACTICES THAT THREATEN HUMAN AND NATURAL COMMUNITIES, PERSISTENCE OF STRUCTURAL OPPRESSION THAT IMPACTS HUMAN AND ECOLOGICAL WELLBEING, AND THE DETERIORATION OF CIVIL SOCIETY THROUGH ESTRANGEMENT FROM COMMUNITY, NATURE, AND PLACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED POST-SECONDARY EDUCATION AND CONTINUING EDUCATION ACADEMIC INSTRUCTION TO COLLEGE STUDENTS.
COSTS INCURRED FOR RECRUITING, ENROLLING, AND PROVIDING HEALTH AND COUNSELING SERVICES TO STUDENTS.
PROVIDED DINING SERVICES, HOUSING, AND WORKING FARM OPPORTUNITIES FOR STUDENTS.
COSTS TO OPERATE AND MAINTAIN FACILITIES, INCLUDES A LIBRARY FOR THE CONTINUED EDUCATION AND USE OF STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Derr President | Officer | 40 | $126,115 |
Eric Becker Treasurer | OfficerTrustee | 2 | $0 |
Peter Chehayl Chair | OfficerTrustee | 2 | $0 |
Allison Hooper Vice Chair | OfficerTrustee | 2 | $0 |
Wendy Koenig Secretary | OfficerTrustee | 2 | $0 |
Lori Collins-Hall Interim Pres | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,705,012 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,049,219 |
| Noncash contributions included in lines 1a–1f | $6,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,754,231 |
| Total Program Service Revenue | $5,902,126 |
| Investment income | $12,989 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,288 |
| Net Gain/Loss on Asset Sales | $131,852 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,817,486 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,017,859 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $215,984 |
| Compensation of current officers, directors, key employees. | $47,073 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,662,466 |
| Pension plan accruals and contributions | $84,846 |
| Other employee benefits | $24,530 |
| Payroll taxes | $248,406 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,749 |
| Fees for services: Accounting | $27,564 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,423 |
| Fees for services: Other | $503,637 |
| Advertising and promotion | $83,557 |
| Office expenses | $257,360 |
| Information technology | $530 |
| Royalties | $0 |
| Occupancy | $311,731 |
| Travel | $37,630 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,160 |
| Interest | $99,843 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $217,299 |
| Insurance | $236,177 |
| All other expenses | $103,989 |
| Total functional expenses | $9,587,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $345,927 |
| Savings and temporary cash investments | $1,054,929 |
| Pledges and grants receivable | $2,545,002 |
| Accounts receivable, net | $300,681 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,340 |
| Net Land, buildings, and equipment | $3,074,950 |
| Investments—publicly traded securities | $1,248,156 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $358,096 |
| Total assets | $8,938,081 |
| Accounts payable and accrued expenses | $411,963 |
| Grants payable | $0 |
| Deferred revenue | $190,082 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,905,050 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,507,095 |
| Net assets without donor restrictions | $971,410 |
| Net assets with donor restrictions | $5,459,576 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,938,081 |
Grants Recieved
Over the last fiscal year, we have identified 22 grants that Sterling College has recieved totaling $3,410,632.
| Awarding Organization | Amount |
|---|---|
Novo Foundation Kingston, NY PURPOSE: PROJECT SUPPORT: THE WENDELL BERRY FARMING PROGRAM | $1,100,000 |
Novo Foundation Kingston, NY PURPOSE: PROJECT SUPPORT: THE WENDELL BERRY FARMING PROGRAM | $600,000 |
Novo Foundation Kingston, NY PURPOSE: PROJECT SUPPORT: DAVID FLEMING'S SURVIVING THE FUTURE CURRICULUM & FILM | $500,000 |
Novo Foundation Kingston, NY PURPOSE: PROJECT SUPPORT: DAVID FLEMING'S SURVIVING THE FUTURE CURRICULUM & FILM | $500,000 |
The R B Anis Educational Foundation Fishers, IN PURPOSE: CHARITABLE | $240,000 |
Daba Fund Bethesda, MD PURPOSE: GENERAL OPERATING SUPPORT | $125,000 |
Endowment Analysis
| Beg. Balance | $1,063,733 |
| Earnings | $185,811 |
| Net Contributions | $200 |
| Other Expense | -$1,588 |
| Ending Balance | $1,248,156 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marlboro College Foxborough, MA | $37,753,712 | $8,202,208 |
Boricua College New York, NY | $59,386,544 | $9,310,938 |
Purchase College Association Inc Suny College At Purchase Purchase, NY | $7,359,023 | $12,412,930 |
Bard College Berlin A Liberal Arts University Ggmbh Annandaleonhudson, NY | $6,902,665 | $9,754,938 |
Sattler College Inc Boston, MA | $4,505,835 | $11,233,247 |
Sterling College Craftsbury Common, VT | $8,938,081 | $9,817,486 |
Hebrew College Newton, MA | $18,470,927 | $14,279,250 |
Fei Tian College Cuddebackville, NY | $23,027,384 | $17,138,947 |
Goddard College Corporation Plainfield, VT | $9,435,038 | $9,382,113 |
Glasgow Caledonian New York College New York, NY | $1,610,986 | $5,230,742 |
Thomas More College Of Liberal Arts Incorporated Merrimack, NH | $7,226,691 | $5,235,090 |
Morrisville College Foundation Inc Morrisville, NY | $23,531,856 | $5,429,338 |