David And Mary Sterling Foundation Inc
- Assets
- $31.9k
- Revenue
- $8.1k
- Investments
- $30.5k
- Employees
- 0
- Location
- Hinsdale, IL
- Founding
- 01/1997
- Data as of
- 12/2022
- EIN
- 36-4112278
Organization Overview
David And Mary Sterling Foundation Inc is located in Hinsdale, IL. The organization was established in 1997. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. David And Mary Sterling Foundation 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 12/2022, David And Mary Sterling Foundation Inc generated $8.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $10.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David F Sterling Pres Treas | 1 | $0 | |
Thomas D Sterling VP Dir | 1 | $0 | |
Mary J Sterling VP Sec | 1 | $0 | |
Timothy D Sterling VP Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,938 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,138 |
| Capital Gain Net Income | $3,138 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,076 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $147 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $147 |
| Contributions, gifts, grants paid | $9,900 |
| Total expenses and disbursements | $10,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,413 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $31,912 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, David And Mary Sterling Foundation Inc has awarded $9,900 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
NOTRE DAME CHURCH PURPOSE: RELIGIOUS | $1,600 |
Brookfield, IL PURPOSE: EDUCATIONAL | $1,500 |
NOTRE DAME CHURCH FOOD PANTRY PURPOSE: CHARITABLE | $1,000 |
SALVATION ARMY PURPOSE: CHARITABLE | $800 |
ST JOSEPH'S CARMELITE HOME PURPOSE: CHARITABLE | $600 |
BOY'S TOWN PURPOSE: CHARITABLE | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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Horizon House Of Illinois Valley Inc Peru, IL | $4,828,429 | $7,447,824 |
Marshall-Starke Development Center Inc Plymouth, IN | $2,688,412 | $6,830,962 |
Opportunities Unlimited Sioux City, IA | $5,084,189 | $7,147,348 |
Lakeshore Cap Inc Of Wisconsin Manitowoc, WI | $4,910,382 | $5,227,133 |
Jefferson County Comprehensive Mt Vernon, IL | $4,460,703 | $5,732,425 |
Cdc Resources Inc Monticello, IN | $3,899,685 | $5,523,588 |
Innovation Development Institute Inc Chicago, IL | $6,803,364 | $5,200,844 |
B E D S Inc La Grange, IL | $5,236,874 | $5,113,317 |
Master Provisions Inc Florence, KY | $1,598,802 | $4,708,388 |
Covenant Ministries Of Benevolence Chicago, IL | $60,872,266 | $7,028,359 |
West Suburban Community Pantry Inc Woodridge, IL | $2,294,243 | $3,787,022 |