Sterling Education Inc
- Assets
- $2.8m
- Revenue
- $17.9m
- Investments
- $0.0
- Employees
- 28
- Location
- Ridgefield Park, NJ
- Founding
- 04/2008
- Data as of
- 06/2023
- EIN
- 20-0930293
Organization Overview
Sterling Education Inc is located in Ridgefield Park, NJ. The organization was established in 2008. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Sterling Education Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sterling Education Inc 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 06/2023, Sterling Education Inc generated $17.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.9% each year . All expenses for the organization totaled $17.5m during the year ending 06/2023. While expenses have increased by 28.1% per year over the past 7 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.
Since 2017, Sterling Education Inc has awarded 92 individual grants totaling $31,810,908. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SUPPORT FOR AND DEVELOP CURRICULUM FOR THE ESTABLISHMENT AND OPERATION OF BRETHREN SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT AND IMPLEMENTATION OF VIRTUAL CLASSROOMS FOR USE BY BRETHREN SCHOOLS.
ADMINISTRATION AND COORDINATION OF EDUCATIONAL PROGRAMS THROUGHOUT THE SCHOOL CAMPUSES
THE CAREER ADVANTAGE PROGRAM (CAP) IS A SCHOLARSHIP PROGRAM THAT HAS BEEN ESTABLISHED TO FURTHER THE EDUCATIONAL PURPOSES AND MISSION OF ONESCHOOL GLOBAL NA IN SUPPORT OF ITS STUDENTS AT ITS VARIOUS SCHOOLS.
DEVELOPMENT OF CURRICULUM FOR BRETHREN SCHOOLS GRADES 3-12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Cowie President | OfficerTrustee | 10 | $0 |
Luke Warrilow Vice President | OfficerTrustee | 20 | $0 |
Bradley Drever Secretary | OfficerTrustee | 5 | $0 |
Trevor Mornan Treasurer | OfficerTrustee | 10 | $0 |
Howard Scott Director | Trustee | 5 | $0 |
Russell Fawkes Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rodger Jacobson Outsourced Financial Advisor | 6/29/21 | $246,409 |
Rj Technologies Hosting And It Support | 6/29/21 | $138,484 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $62,412 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,397,954 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,460,366 |
| Total Program Service Revenue | $0 |
| Investment income | $12,742 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,941,705 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,141,493 |
| Grants and other assistance to domestic individuals. | $270,510 |
| Grants and other assistance to Foreign Orgs/Individuals | $276,962 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $674,465 |
| Compensation of current officers, directors, key employees. | $251,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,047,293 |
| Pension plan accruals and contributions | $55,479 |
| Other employee benefits | $369,366 |
| Payroll taxes | $234,819 |
| Fees for services: Management | $361,298 |
| Fees for services: Legal | $28,753 |
| Fees for services: Accounting | $14,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $254,689 |
| Advertising and promotion | $42,440 |
| Office expenses | $76,206 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $101,523 |
| Travel | $329,998 |
| 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 | $11,928 |
| Insurance | $76,935 |
| All other expenses | $7,471 |
| Total functional expenses | $17,510,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $798,390 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $176,446 |
| Net Land, buildings, and equipment | $58,243 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,762,877 |
| Total assets | $2,795,956 |
| Accounts payable and accrued expenses | $34,135 |
| 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 | $34,135 |
| Net assets without donor restrictions | $0 |
| 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 | $2,761,821 |
| Total liabilities and net assets/fund balances | $2,795,956 |
Grants Awarded
Over the last fiscal year, Sterling Education Inc has awarded $12,141,493 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
AGASSIZ EDUCATION INC PURPOSE: SUBSIDIZE SCHOOL EXPENSES FOR SUPPORTED ORGANIZATIONS. | $507,530 |
ALDERBROOK SCHOOL INC PURPOSE: SUBSIDIZE SCHOOL EXPENSES FOR SUPPORTED ORGANIZATIONS. | $1,027,231 |
PASCACK VALLEY LEARNING CENTER PURPOSE: SUBSIDIZE SCHOOL EXPENSES FOR SUPPORTED ORGANIZATIONS. | $1,603,924 |
LAKESIDE ALPHA INC PURPOSE: SUBSIDIZE SCHOOL EXPENSES FOR SUPPORTED ORGANIZATIONS. | $702,843 |
ANCHOR EDUCATION INC PURPOSE: SUBSIDIZE SCHOOL EXPENSES FOR SUPPORTED ORGANIZATIONS. | $629,338 |
BEACON SCHOLASTIC INC PURPOSE: SUBSIDIZE SCHOOL EXPENSES FOR SUPPORTED ORGANIZATIONS. | $432,518 |