Sterling-Rock Falls Community Trust
- Assets
- $3.8m
- Revenue
- $951.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Sterling, IL
- Founding
- 11/1968
- Data as of
- 12/2021
- EIN
- 36-6217952
Organization Overview
Sterling-Rock Falls Community Trust is located in Sterling, IL. The organization was established in 1968. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, 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-Rock Falls Community Trust 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 12/2021, Sterling-Rock Falls Community Trust generated $951.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $325.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Sterling-Rock Falls Community Trust has awarded 19 individual grants totaling $268,236. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE AN OPPORTUNITY FOR DONORS TO PARTICIPATE IN SCHOLARSHIPS AND PROJECTS THAT IMPROVE THE QUALITY OF LIFE WITHIN OUR LOCAL COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE STERLING ROCK FALLS COMMUNITY TRUST AWARDS SCHOLARSHIPS TO SUPPORT LOCAL STUDENTS AND AWARDS GRANTS TO CHARITABLE ORGANIZATIONS FOR PROJECTS INCLUDING LITERACY, SCHOOL INITIATIVES, THE FINE ARTS, HISTORY, CHILD CARE ANIMAL WELFARE, SENIOR CENTER, HOME OF HOPE, LOCAL FOOD BANKS, AND HEALTH AND WELLNESS OF ALL AGES IN OUR COMMUNITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Ellen Wilkinson Chairperson | OfficerTrustee | 1 | $0 |
Rock Gentry Secretary | OfficerTrustee | 1 | $0 |
Peter Dillon Vice Chair | OfficerTrustee | 1 | $0 |
John Mccormick Trustee | Trustee | 1 | $0 |
Suzy Perino Trustee | Trustee | 1 | $0 |
Sheila Martinez Trustee | 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 | $266,962 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $266,962 |
| Total Program Service Revenue | $0 |
| Investment income | $47,837 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $637,012 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $951,811 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $68,403 |
| Grants and other assistance to domestic individuals. | $213,942 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,332 |
| 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 | $58 |
| Total functional expenses | $325,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $274,290 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,555,189 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,829,479 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $697,257 |
| Net assets with donor restrictions | $3,132,222 |
| 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 | $3,829,479 |
Grants Awarded
Over the last fiscal year, Sterling-Rock Falls Community Trust has awarded $41,765 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Sterling, IL PURPOSE: PROGRAMMING | $27,500 |
Sterling, IL PURPOSE: PROGRAMMING | $7,265 |
Sterling, IL PURPOSE: PROGRAMMING | $7,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sterling-Rock Falls Community Trust has recieved totaling $10,005.
| Awarding Organization | Amount |
|---|---|
Quad Cities Community Foundation Bettendorf, IA PURPOSE: GENERAL SUPPORT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $3,559,229 |
| Earnings | $329,123 |
| Admin Expense | $50,722 |
| Net Contributions | $274,252 |
| Other Expense | $58 |
| Grants | $282,345 |
| Ending Balance | $3,829,479 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Milwaukee Foundation Inc Milwaukee, WI | $1,114,706,959 | $151,763,598 |
Thrivent Charitable Impact & Investing Appleton, WI | $809,708,853 | $138,812,775 |
Community Fdn Of Greater Des Moines Des Moines, IA | $756,930,676 | $144,988,273 |
Central Indiana Community Foundation Inc Indianapolis, IN | $548,109,976 | $56,175,018 |
Greater Green Bay Community Foundation Inc Green Bay, WI | $158,723,657 | $42,186,646 |
The Community Foundation Of Louisville Inc Louisville, KY | $675,486,716 | $70,628,491 |
Community Foundation For The Fox Valley Region Inc Appleton, WI | $500,269,949 | $60,999,391 |
Madison Community Foundation Madison, WI | $285,628,719 | $40,248,600 |
Elks National Foundation Inc Chicago, IL | $936,472,552 | $62,047,958 |
Community Foundation Of The Ozarks Inc Springfield, MO | $393,798,423 | $57,110,719 |
Community Foundation Of Elkhart County Inc Elkhart, IN | $418,149,768 | $41,619,440 |
Blue Grass Community Foundation Inc Lexington, KY | $132,271,880 | $24,051,212 |