Sterling Co
- Assets
- $10.5m
- Revenue
- $30.7m
- Investments
- $0.0
- Employees
- 51
- Location
- Gadsden, AL
- Founding
- 06/2014
- Data as of
- 09/2021
- EIN
- 46-2455801
Organization Overview
Sterling Co is located in Gadsden, AL. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 09/2021, Sterling Co employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sterling Co 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 09/2021, Sterling Co generated $30.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 56.8% each year . All expenses for the organization totaled $29.6m during the year ending 09/2021. While expenses have increased by 59.3% 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
TO PROVIDE HEALTHCARE AND MANAGEMENT SERVICES PRIMARILY TO THOSE ORGANIZATIONS SERVING MENTALLY DISABLED CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF HEALTHCARE AND MANAGEMENT SERVICES TO THOSE ORGANIZATIONS SERVING MENTALLY DISABLED ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy West Chief Executive Officer | Officer | 40 | $0 |
Mike Self Chair | Trustee | 1 | $0 |
Tony Snow Secretary | Trustee | 1 | $0 |
Scott Mayo Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
North Alabama Family Services Contract Management | 9/29/21 | $2,768,782 |
Omega Residential Contract Management | 9/29/21 | $1,833,130 |
Haymon Homes Inc Contract Management | 9/29/21 | $8,428,224 |
Tri County Group Homes Contract Management | 9/29/21 | $3,938,408 |
Genesis Residential Contract Management | 9/29/21 | $1,659,823 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $313,286 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $313,286 |
| Total Program Service Revenue | $30,408,458 |
| Investment income | $18,783 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$3,476 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,737,112 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $1,408,809 |
| Pension plan accruals and contributions | $10,929 |
| Other employee benefits | $172,083 |
| Payroll taxes | $106,216 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,953 |
| Fees for services: Accounting | $37,889 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $505 |
| Office expenses | $8,476 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $179,852 |
| Travel | $32,830 |
| 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 | $15,311 |
| Insurance | $8,757 |
| All other expenses | $22,544 |
| Total functional expenses | $29,591,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,066,301 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,252,380 |
| 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 | $0 |
| Net Land, buildings, and equipment | $187,850 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,506,531 |
| Accounts payable and accrued expenses | $4,741,178 |
| 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 | $0 |
| Total liabilities | $4,741,178 |
| Net assets without donor restrictions | $5,765,353 |
| 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 | $10,506,531 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jaeb Center For Health Research Inc Tampa, FL | $6,686,378 | $30,945,662 |
Sterling Co Gadsden, AL | $10,506,531 | $30,737,112 |
Operation Hope Inc Atlanta, GA | $42,513,861 | $45,427,739 |
Academy For Classical Education Inc Macon, GA | $50,470,204 | $22,703,116 |
Big Bend Hospice Inc Tallahassee, FL | $18,913,144 | $24,736,579 |
Second Wind Programs Inc Birmingham, AL | $5,585,002 | $12,560,505 |
New Mission Systems Inc Ft Myers, FL | $7,483,097 | $11,126,012 |
Deerwood Country Club Inc Jacksonville, FL | $10,155,508 | $6,981,612 |
Brotherhood Of Maintenance Of Way Employees Hendersonville, TN | $4,697,141 | $6,259,699 |
Archbold Expeditions Inc Venus, FL | $92,397,695 | $5,182,964 |
The Riley Foundation Meridian, MS | $106,706,164 | $2,375,468 |
Reach Up Inc Tampa, FL | $1,690,303 | $4,995,945 |