Sterling Donor Advised Fund
- Assets
- $23.4m
- Revenue
- $3.9m
- Investments
- $15.2m
- Employees
- 0
- Location
- Reston, VA
- Founding
- 02/2010
- Data as of
- 12/2020
- EIN
- 27-0418124
Organization Overview
Sterling Donor Advised Fund is located in Reston, VA. The organization was established in 2010. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sterling Donor Advised Fund 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 12/2020, Sterling Donor Advised Fund generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.6% each year . All expenses for the organization totaled $2.3m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Sterling Donor Advised Fund has awarded 73 individual grants totaling $26,197,007. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATE THE GENERAL PUBLIC AND NONPROFIT ORGANIZATIONS TO ENCOURAGE CHARITABLE GIVING IN ALL FORMS BENEFICIAL TO NONPROFIT CHARITABLE ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATE THE GENERAL PUBLIC AND NONPROFIT ORGANIZATIONS TO ENCOURAGE CHARITABLE GIVING IN ALL FORMS BENEFICIAL TO NONPROFIT CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Lintott President | Trustee | 1 | $0 |
Paul Beckner Treasurer | Trustee | 1 | $0 |
Roger Silk Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,566,325 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,566,325 |
| Total Program Service Revenue | $0 |
| Investment income | $1,229,122 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $90,109 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,886,730 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,185,419 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $25,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $29,926 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,268,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,277,808 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $2,328,528 |
| Notes and loans receivable | $630,749 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $15,197,602 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,434,687 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $35,800 |
| Total liabilities | $35,800 |
| Net assets without donor restrictions | $23,398,887 |
| Net assets with donor restrictions | $0 |
| 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 | $23,434,687 |
Grants Awarded
Over the last fiscal year, Sterling Donor Advised Fund has awarded $2,413,970 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Laie, HI PURPOSE: GENERAL SUPPORT | $1,000,000 |
Reston, VA PURPOSE: GENERAL SUPPORT | $1,000,000 |
Hudson, OH PURPOSE: GENERAL SUPPORT | $255,370 |
Palo Alto, CA PURPOSE: GENERAL SUPPORT | $50,000 |
Incline Village, NV PURPOSE: GENERAL SUPPORT | $25,000 |
Reno, NV PURPOSE: GENERAL SUPPORT | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sterling Donor Advised Fund has recieved totaling $2,145,050.
| Awarding Organization | Amount |
|---|---|
Millennium Evergreen Charitable Fund Owings Mills, MD PURPOSE: GENERAL SUPPORT | $2,140,050 |
Matthew 25 34-40 Foundation Reston, VA PURPOSE: GENERAL SUPPORT TO MATTHEW 25:34-40 FOUNDATION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chc Creating Healthier Communities Alexandria, VA | $23,119,840 | $20,885,598 |
Association For Enterprise Opportun Ity Inc Washington, DC | $11,965,213 | $13,346,284 |
Safa Trust Inc Herndon, VA | $343,266,740 | $16,390,451 |
Associated Black Charities Inc Baltimore, MD | $5,817,793 | $15,343,076 |
United Way Of Forsyth County Inc Winstonsalem, NC | $7,740,159 | $13,512,937 |
United Way Of Greater Knoxville Inc Knoxville, TN | $44,188,764 | $10,173,426 |
United Way Of The Greater Triangle Inc Durham, NC | $8,988,793 | $10,685,118 |
United Way Of The Mid-South Memphis, TN | $15,939,575 | $10,736,980 |
United Way Of Greater Chattanooga Chattanooga, TN | $28,378,228 | $9,851,005 |
Jewish Community Of Louisville Inc Louisville, KY | $51,829,029 | $17,241,761 |
Tidewater Jewish Foundation Inc Virginia Beach, VA | $49,573,361 | $8,475,302 |
United Way Of Greater Greensboro Inc Greensboro, NC | $24,991,408 | $6,519,162 |