STERLING COLLEGE: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
STERLING COLLEGE (EIN 03-0197728)
Tax period
2024-07-01 to 2025-06-30
Filed
2026-05-15
IRS object ID
202641359349302189
Schema version
2024v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2026-05-15T09:19:29-04:00ReturnTs
Tax Period End2025-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN030325875PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DAVIS & HODGDON ASSOCIATES CPAS PLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line133 BLAIR PARK RD STE 201AddressLine1Txt
CityWILLISTONCityNm
State AbbreviationVTStateAbbreviationCd
ZIP05495ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN030197728EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1STERLING COLLEGEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSTERBusinessNameControlTxt
Phone8025867711PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 72AddressLine1Txt
CityCRAFTSBURY COMMONCityNm
State AbbreviationVTStateAbbreviationCd
ZIP05827ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSCOTT THOMASPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone8025867711PhoneNum
Signature2026-05-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBRET HODGDONPreparerPersonNm
PTINP00497283PTIN
Phone8028781963PhoneNum
Preparation2026-05-15PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerSCOTT THOMASPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 72AddressLine1Txt
CityCRAFTSBURY COMMONCityNm
State AbbreviationVTStateAbbreviationCd
ZIP05827ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$4,687,082GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.STERLINGCOLLEGE.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1958FormationYr
Legal Domicile StateVTLegalDomicileStateCd
Activity Or MissionSTERLING COLLEGE IS DEEPLY COMMITTED TO ITS MISSION OF ADVANCING ECOLOGICAL THINKING AND ACTION. AS A PREMIER, ENVIRONMENTALLY FOCUSED LIBERAL ARTS COLLEGE, WE ARE STEADFAST IN OUR DEDICATION TO EDUCATION, SUSTAINABILITY, AND THE WELL-BEING OF BOTH THE PLANET AND ITS INHABITANTS. OUR EMPHASIS ON EXPERIENTIAL LEARNING AND REAL-WORLD APPLICATION HAS MADE US A LEADER IN FOSTERING TALENT DEDICATED TO CORRECTING ENVIRONMENTAL DEGRADATION. TO FULFILL THIS VISION, WE ARE ACTIVELY SEEKING QUALIFIED APPLICANTS WHO SHARE OUR COMMITMENT TO ENVIRONMENTAL STEWARDSHIP, EXPERIENTIAL PEDAGOGY, INTERDISCIPLINARY EDUCATION, AND COMMUNITY ENRICHMENT.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee90TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$5,387,264PYContributionsGrantsAmt
CY Contributions Grants$1,807,191CYContributionsGrantsAmt
PY Program Service Revenue$3,513,317PYProgramServiceRevenueAmt
CY Program Service Revenue$2,616,270CYProgramServiceRevenueAmt
PY Investment Income$162,296PYInvestmentIncomeAmt
CY Investment Income$102,899CYInvestmentIncomeAmt
PY Other Revenue$44,247PYOtherRevenueAmt
CY Other Revenue$26,784CYOtherRevenueAmt
PY Total Revenue$9,107,124PYTotalRevenueAmt
CY Total Revenue$4,553,144CYTotalRevenueAmt
PY Grants And Similar Paid$3,287,548PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$2,923,909CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,426,221PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,472,721CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$212,416CYTotalFundraisingExpenseAmt
PY Other Expenses$3,046,702PYOtherExpensesAmt
CY Other Expenses$2,975,341CYOtherExpensesAmt
PY Total Expenses$8,760,471PYTotalExpensesAmt
CY Total Expenses$8,371,971CYTotalExpensesAmt
PY Revenues Less Expenses$346,653PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$3,818,827CYRevenuesLessExpensesAmt
Total Assets BOY$8,707,303TotalAssetsBOYAmt
Total Assets EOY$4,994,466TotalAssetsEOYAmt
Total Liabilities BOY$2,223,965TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,300,561TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$6,483,338NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,693,905NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionSTERLING COLLEGE USES EDUCATION AS A FORCE TO ADVANCE ECOLOGICAL THINKING AND ACTION THROUGH AFFORDABLE EXPERIENTIAL LEARNING THAT PREPARES PEOPLE TO BE KNOWLEDGEABLE, SKILLED, AND RESPONSIBLE LEADERS IN THE COMMUNITIES IN WHICH THEY LIVE. WE ADDRESS CRITICAL ECOLOGICAL PROBLEMS CAUSED BY UNLIMITED GROWTH AND CONSUMPTION THAT IS DESTROYING THE PLANET AS WE HAVE KNOWN IT, SUCH AS: FOSSIL FUEL DEPENDENCE AND RAPID CLIMATE CHANGE, DESTRUCTION OF BIODIVERSITY AND LOSS OF WILD PLACES, PROMOTION OF HARMFUL AGRICULTURAL PRACTICES THAT THREATEN HUMAN AND NATURAL COMMUNITIES, PERSISTENCE OF STRUCTURAL OPPRESSION THAT IMPACTS HUMAN AND ECOLOGICAL WELLBEING, AND THE DETERIORATION OF CIVIL SOCIETY THROUGH ESTRANGEMENT FROM COMMUNITY, NATURE, AND PLACE.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$4,830,745ExpenseAmt
Grant$2,923,909GrantAmt
Revenue$2,099,648RevenueAmt
DescPROVIDED BA DEGREE PROGRAMS THROUGH HIGH QUALITY POST-SECONDARY EDUCATION IN SUSTAINABLE AGRICULTURE AND FOOD SYSTEMS, OUTDOOR EDUCATION AND CLIMATE CHANGE.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$362,146ExpenseAmt
DescREVITALIZED MARKETING AND RECRUITMENT EFFORTS AS WE RECOVER FROM THE PANDEMIC AND CONTINUE TO PROVIDE HEALTH AND COUNSELING SERVICES TO STUDENTS.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$423,189ExpenseAmt
Revenue$497,752RevenueAmt
DescPROVIDED DINING SERVICES, HOUSING, AND WORKING FARM OPPORTUNITIES FOR STUDENTS.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$36,426ExpenseAmt
Revenue$18,870RevenueAmt
DescCOSTS TO OPERATE AND MAINTAIN FACILITIES, INCLUDES A LIBRARY FOR THE CONTINUED EDUCATION AND USE OF STUDENTS. RESTRUCTURED OUR BUDGET TO BETTER ALIGN KNOWN REVENUES AND EXPENSES. BUILDING LONG-TERM SUSTAINABLE PARTNERSHIPS WITH VALUES ALIGNED STATE AND REGIONAL PARTNERS, EMPLOYERS AND FUNDING ENTITIES.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$36,426TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Revenue$18,870TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$5,652,506TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (true)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document40IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee90EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsYes (true)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (true)QuidProQuoContriDisclInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Own WebsiteYes (X)OwnWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonSCOTT THOMASPersonNm
Phone8025867711PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 72AddressLine1Txt
CityCRAFTSBURY COMMONCityNm
State AbbreviationVTStateAbbreviationCd
ZIP05827ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
ALLISON HOOPER
CHAIR2.00Yes (X)Yes (X)$0$0$0
SHERILYN PETERSON
VICE CHAIR2.00Yes (X)Yes (X)$0$0$0
ELLEN FALDUTO
TREASURER2.00Yes (X)Yes (X)$0$0$0
WENDY KOENIG
SECRETARY2.00Yes (X)Yes (X)$0$0$0
CATHY BERRY
TRUSTEE1.00Yes (X)$0$0$0
PETER CHEHAYL
TRUSTEE THRO1.00Yes (X)$0$0$0
CHRISTINA ERICKSON
TRUSTEE1.00Yes (X)$0$0$0
BILL JARVIS
TRUSTEE1.00Yes (X)$0$0$0
ALAN ROSS
TRUSTEE1.00Yes (X)$0$0$0
JO D SAFFEIR
TRUSTEE THRO1.00Yes (X)$0$0$0
PETER SMITH
TRUSTEE1.00Yes (X)$0$0$0
CHIEF DON STEVENS
TRUSTEE1.00Yes (X)$0$0$0
MICHAEL TESSLER
TRUSTEE1.00Yes (X)$0$0$0
SCOTT THOMAS
PRESIDENT40.00Yes (X)$224,218$0$18,051
LORI COLLINS-HALL
COO40.00Yes (X)$79,327$0$5,247
FieldValueIRS element (for citing)
Total Reportable Comp From Org$303,545TotalReportableCompFromOrgAmt
Total Other Compensation$23,298TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
DEAN DORTON
PO BOX 631259CINCINNATIOH45263ACCOUNTING$142,200
LORI COLLINS-HALL
1312 SEFFNER VALRICO ROADSEFFNERFL33584PROJECT MANAGER$119,374
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt
Government Grants$671,839GovernmentGrantsAmt
All Other Contributions$1,135,352AllOtherContributionsAmt
Total Contributions$1,807,191TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TUITION AND FEES611600$2,099,648$2,099,648
AUXILIARY ENTERPRISES611600$497,752$497,752
PROGRAM SERVICE REVENUE611600$18,870$18,870
FieldValueIRS element (for citing)
Total Program Service Revenue$2,616,270TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$50,205TotalRevenueColumnAmt
Exclusion$50,205ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$26,784RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$26,784RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$26,784TotalRevenueColumnAmt
Exclusion$26,784ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$186,632SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$133,938SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$52,694SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$52,694TotalRevenueColumnAmt
Exclusion$52,694ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,553,144TotalRevenueColumnAmt
Related Or Exempt Func Income$2,616,270RelatedOrExemptFuncIncomeAmt
Exclusion$129,683ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$1,396,280TotalAmt
Program Services$1,396,280ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$1,527,629TotalAmt
Program Services$1,527,629ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$275,883TotalAmt
Program Services$192,204ProgramServicesAmt
Management And General$74,792ManagementAndGeneralAmt
Fundraising$8,887FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,922,962TotalAmt
Program Services$1,339,703ProgramServicesAmt
Management And General$521,320ManagementAndGeneralAmt
Fundraising$61,939FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$59,873TotalAmt
Program Services$41,713ProgramServicesAmt
Management And General$16,232ManagementAndGeneralAmt
Fundraising$1,928FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$60,035TotalAmt
Program Services$41,826ProgramServicesAmt
Management And General$16,275ManagementAndGeneralAmt
Fundraising$1,934FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$153,968TotalAmt
Program Services$107,268ProgramServicesAmt
Management And General$41,741ManagementAndGeneralAmt
Fundraising$4,959FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$55,618TotalAmt
Management And General$55,618ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$172,425TotalAmt
Management And General$172,425ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$9,394TotalAmt
Management And General$9,394ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$755,581TotalAmt
Program Services$147,173ProgramServicesAmt
Management And General$563,959ManagementAndGeneralAmt
Fundraising$44,449FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$29,709TotalAmt
Program Services$13,972ProgramServicesAmt
Fundraising$15,737FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$188,808TotalAmt
Program Services$75,321ProgramServicesAmt
Management And General$91,409ManagementAndGeneralAmt
Fundraising$22,078FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$63,411TotalAmt
Program Services$20,892ProgramServicesAmt
Management And General$42,519ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$322,897TotalAmt
Program Services$4,110ProgramServicesAmt
Management And General$318,787ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$106,147TotalAmt
Program Services$63,644ProgramServicesAmt
Management And General$27,229ManagementAndGeneralAmt
Fundraising$15,274FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$6,117TotalAmt
Program Services$4,257ProgramServicesAmt
Management And General$1,860ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$106,703TotalAmt
Management And General$106,703ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$166,850TotalAmt
Management And General$166,850ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$176,330TotalAmt
Program Services$8,548ProgramServicesAmt
Management And General$167,782ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
BAD DEBTS$340,479$340,479
FOOD$191,879$183,360$7,819$700
COURSE COSTS$93,473$93,473
MEMBERSHIPS$53,006$8,100$11,184$33,722

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$136,514TotalAmt
Program Services$42,554ProgramServicesAmt
Management And General$93,151ManagementAndGeneralAmt
Fundraising$809FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$8,371,971TotalAmt
Program Services$5,652,506ProgramServicesAmt
Management And General$2,507,049ManagementAndGeneralAmt
Fundraising$212,416FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$160,135BOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$276,416BOYAmt
EOY$115,434EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$3,189,727BOYAmt
EOY$216,704EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$461,973BOYAmt
EOY$92,996EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$25,467BOYAmt
EOY$28,017EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$7,351,643LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$4,001,955LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$3,406,517BOYAmt
EOY$3,349,688EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$1,165,595BOYAmt
EOY$1,181,431EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$21,473BOYAmt
EOY$10,196EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$8,707,303BOYAmt
EOY$4,994,466EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$286,396BOYAmt
EOY$191,335EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$91,034BOYAmt
EOY$347,214EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$1,832,539BOYAmt
EOY$1,761,011EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$13,996BOYAmt
EOY$1,001EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,223,965BOYAmt
EOY$2,300,561EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,073,272BOYAmt
EOY$442,385EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$4,410,066BOYAmt
EOY$2,251,520EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$6,483,338BOYAmt
EOY$2,693,905EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$8,707,303BOYAmt
EOY$4,994,466EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$3,818,827ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$29,394NetUnrlzdGainsLossesInvstAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,155,851BeginningYearBalanceAmt
Investment Earnings Or Losses$80,051InvestmentEarningsOrLossesAmt
Other Expenditures-$54,716OtherExpendituresAmt
End Year Balance$1,181,186EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,086,825BeginningYearBalanceAmt
Contributions$1,364ContributionsAmt
Investment Earnings Or Losses$123,102InvestmentEarningsOrLossesAmt
Other Expenditures-$55,440OtherExpendituresAmt
End Year Balance$1,155,851EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,065,705BeginningYearBalanceAmt
Contributions$1,003ContributionsAmt
Investment Earnings Or Losses$85,293InvestmentEarningsOrLossesAmt
Other Expenditures-$65,176OtherExpendituresAmt
End Year Balance$1,086,825EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,248,156BeginningYearBalanceAmt
Contributions$50,000ContributionsAmt
Investment Earnings Or Losses-$181,451InvestmentEarningsOrLossesAmt
Other Expenditures-$51,000OtherExpendituresAmt
End Year Balance$1,065,705EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,063,733BeginningYearBalanceAmt
Contributions$200ContributionsAmt
Investment Earnings Or Losses$185,811InvestmentEarningsOrLossesAmt
Other Expenditures-$1,588OtherExpendituresAmt
End Year Balance$1,248,156EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.42000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.58000PrmnntEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$442,037OtherCostOrOtherBasisAmt
Book Value$442,037BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$5,669,130OtherCostOrOtherBasisAmt
Depreciation$3,062,207DepreciationAmt
Book Value$2,606,923BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$823,016OtherCostOrOtherBasisAmt
Depreciation$549,103DepreciationAmt
Book Value$273,913BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$417,460OtherCostOrOtherBasisAmt
Depreciation$390,645DepreciationAmt
Book Value$26,815BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$3,349,688TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescLEASE LIABILITIESDesc
Amt$1,001Amt
FieldValueIRS element (for citing)
Total Liability$1,001TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$3,045,515TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$29,394NetUnrealizedGainsInvstAmt
Revenue Not Reported$29,394RevenueNotReportedAmt
Revenue Subtotal$3,016,121RevenueSubtotalAmt
Other Revenues Not Included$1,537,023OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$1,537,023RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$4,553,144TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$6,834,948TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$6,834,948ExpensesSubtotalAmt
Other Expenses Not Included$1,537,023OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$1,537,023ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$8,371,971TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE D, PAGE 3, PART XTHE COLLEGE ANNUALLY FILES AN IRS FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, TAX RETURN IN THE U.S. FEDERAL JURISDICTION. THE COLLEGE IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATION BY TAX AUTHORITIES FOR THE YEARS PRIOR TO JUNE 30, 2022. IN THE NORMAL COURSE OF BUSINESS, THE COLLEGE IS SUBJECT TO EXAMINATION BY VARIOUS TAXING AUTHORITIES. ALTHOUGH THE OUTCOME OF TAX AUDITS IS ALWAYS UNCERTAIN, THE MANAGEMENT OF THE COLLEGE BELIEVES THAT THERE ARE NO SIGNIFICANT UNRECOGNIZED TAX LIABILITIES AT JUNE 30, 2025 AND 2024.
SCHEDULE D, PAGE 4, PART XI, LINE 4BINVESTMENT EXPENSES 9,394 STUDENT FINANCIAL AID 1,527,629
SCHEDULE D, PAGE 4, PART XII, LINE 4BINVESTMENT EXPENSES 9,394 STUDENT FINANCIAL AID 1,527,629

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (true)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (true)GovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, LINE 3STERLING RECRUITS ITS STUDENTS NATIONALLY AND THE RACIALLY NONDISCRIMINATORY POLICY OF THE INSTITUTION IS CLEARLY STATED IN ALL RECRUITING MATERIALS. MANAGEMENT BELIEVES THAT THE PLACEMENT OF ADS IN LOCAL NEWSPAPERS OR IN THE LOCAL BROADCAST MEDIA WOULD NOT SERVE THE PURPOSE OF NOTIFYING PROSPECTIVE STUDENTS OF SUCH POLICIES AND THAT COMPLIANCE WITH SECTION 403 IS SATISFIED.
SCHEDULE E, LINE 6COLLEGE RECEIVES FEDERAL AID AS TUITION REIMBUSEMENT FOR STUDENTS ELIGIBLE TO RECEIVE AID.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedfalseGrantRecordsMaintainedInd

Recipient Table RecipientTable (13 entries)

Address Line1USAddress/AddressLine1TxtAddress Line2USAddress/AddressLine2TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
WARREN WILSON COLLEGE
WWC 6376PO BOX 9000ASHEVILLENC28815560767736501C3$137,250GRANT SUBAWARD
UNITY ENVIRONMENTAL UNIVERSITY
70 FARM VIEW DRIVESUITE 200NEW GLOUCESTERME04260010275130501C3$75,000GRANT SUBAWARD
ST JOHN'S COLLEGE
1160 CAMINO DE CRUZ BLANCASANTA FENM87505850162247501C3$244,520GRANT SUBAWARD
RANDOLPH COLLEGE
PO BOX 3215LYNCHBURGVA24503540505941501C3$132,250GRANT SUBAWARD
PRESCOTT COLLEGE
220 GROVE AVEPRESCOTTAZ86301860294012510C3$112,250GRANT SUBAWARD
NORTHLAND COLLEGE
1411 ELLIS AVEASHLANDWI54806390806428501C3$110,000GRANT SUBAWARD
COLLEGE OF THE ATLANTIC
105 EDEN STREETBAR HARBORME04609237032625501C3$137,560GRANT SUBAWARD
BLACKBURN COLLEGE
700 COLLEGE AVECARLINVILLEIL62626370661491501C3$127,000GRANT SUBAWARD
BENNINGTON COLLEGE
ONE COLLEGE DRIVEBENNINGTONVT05201030179414501C3$133,450GRANT SUBAWARD
ANTIOCH COLLEGE
ONE MORGAN PLACEYELLOW SPRINGSOH45387261672457501C3$122,000GRANT SUBAWARD
INDEPENDENT ARTS & MEDIA
PO BOX 420442SAN FRANCISCOCA94142943355076501C3$10,000GRANT SUBAWARD
HARD PRESSED COMMUNITY PRINT SHOP
1279 HAWKINS ROADDANVILLEVT05828332189090501C3$10,000GRANT SUBAWARD
FRONT LINE FARMING
2830 CLAYTON STREETDENVERCO80205833496361501C3$45,000GRANT SUBAWARD

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIPSGrantTypeTxt
Recipient53RecipientCnt
Non Cash Assistance$1,527,629NonCashAssistanceAmt
Valuation Method UsedFMVValuationMethodUsedDesc
Non Cash AssistanceTUITION ASSISTANonCashAssistanceDesc

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Written Policy Ref T And E ExpnssYes (true)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredfalseSubstantiationRequiredInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonSCOTT THOMASPersonNm
TitlePRESIDENTTitleTxt
Base Compensation Filing Org$224,218BaseCompensationFilingOrgAmt
Deferred Compensation Flng Org$6,440DeferredCompensationFlngOrgAmt
Nontaxable Benefits Filing Org$11,611NontaxableBenefitsFilingOrgAmt
Total Compensation Filing Org$242,269TotalCompensationFilingOrgAmt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE J, PAGE 1, PART I, LINE 1ATHE PRESIDENT HAS USE OF CEDAR COTTAGE AND IT MEETS THE QUALIFICATONS OF IRS SECTION CODE 119 AS A WORKING CONDITION BENEFIT.
SCHEDULE J, PAGE 1, PART I, LINE 3THE BOARD EXAMINED AND REVIEWED INFORMATION AND UPDATES ON COMPARABLE PRESIDENTIAL COMPENSATION FOR SMALL INSTITUTIONS.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990 - ORGANIZATION'S MISSIONSTERLING COLLEGE USES EDUCATION AS A FORCE TO ADVANCE ECOLOGICAL THINKING AND ACTION THROUGH AFFORDABLE EXPERIENTIAL LEARNING THAT PREPARES PEOPLE TO BE KNOWLEDGEABLE, SKILLED, AND RESPONSIBLE LEADERS IN THE COMMUNITIES IN WHICH THEY LIVE. WE ADDRESS CRITICAL ECOLOGICAL PROBLEMS CAUSED BY UNLIMITED GROWTH AND CONSUMPTION THAT IS DESTROYING THE PLANET AS WE HAVE KNOWN IT, SUCH AS: FOSSIL FUEL DEPENDENCE AND RAPID CLIMATE CHANGE, DESTRUCTION OF BIODIVERSITY AND LOSS OF WILD PLACES, PROMOTION OF HARMFUL AGRICULTURAL PRACTICES THAT THREATEN HUMAN AND NATURAL COMMUNITIES, PERSISTENCE OF STRUCTURAL OPPRESSION THAT IMPACTS HUMAN AND ECOLOGICAL WELLBEING, AND THE DETERIORATION OF CIVIL SOCIETY THROUGH ESTRANGEMENT FROM COMMUNITY, NATURE, AND PLACE.
FORM 990, PAGE 2, PART III, LINE 4DCOSTS TO OPERATE AND MAINTAIN FACILITIES, INCLUDES A LIBRARY FOR THE CONTINUED EDUCATION AND USE OF STUDENTS. RESTRUCTURED OUR BUDGET TO BETTER ALIGN KNOWN REVENUES AND EXPENSES. BUILDING LONG-TERM SUSTAINABLE PARTNERSHIPS WITH VALUES ALIGNED STATE AND REGIONAL PARTNERS, EMPLOYERS AND FUNDING ENTITIES.
FORM 990, PAGE 6, PART VI, LINE 11BTHE LEADERSHIP TEAM, INCLUDING THE PRESIDENT, DIRECTOR OF ADVANCEMENT, AND THE FINANCE OFFICER REVIEW THE DRAFT OF THE 990 FOR CORRECTIONS. WHEN THE 990 IS COMPLETE, THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND APPROVES THE 990. THEY ALSO SHARE IT WITH THE BOARD OF TRUSTEES BEFORE FILING. THE PRESIDENT SIGNS THE 990 FOR THE ORGANIZATION.
FORM 990, PAGE 6, PART VI, LINE 12CEACH YEAR, IN OR AROUND THE SPRING/SUMMER BOARD MEETING, AND PRIOR TO THE FISCAL YEAR, THE TRUSTEES COMPLETE A CONFLICT OF INTEREST FORM. NEW TRUSTEES ALSO COMPLETE IT AS THEY ARE APPROVED BY THE BOARD OF TRUSTEES. THIS PROCESS IS ADMINISTERED BY THE DIRECTOR OF ADVANCEMENT, WHO SERVES AS STAFF TO THE BOARD.
FORM 990, PAGE 6, PART VI, LINE 15ATHE BOARD OF TRUSTEES APPOINTS, EVALUATES AND SETS COMPENSATION FOR THE PRESIDENT. THE EXECUTIVE COMMITTEE ADMINISTERS A FORMAL EVALUATION AND REVIEW OF THE PRESIDENT'S CONTRACT EVERY FIVE YEARS. COMPENSATION IS SET DURING THE CONTRACT PERIOD, INCLUDING A SCHEDULE FOR INCREMENTAL RAISES OVER THE CONTRACT PERIOD. ADJUSTMENTS OR MODIFICATIONS REQUIRED OR REQUESTED BETWEEN CONTRACTS FOLLOW THE SAME PROCESS OF REVIEW AND RECOMMENDATION BY THE EXECUTIVE COMMITTEE AND APPROVAL BY THE FULL BOARD OF TRUSTEES.
FORM 990, PAGE 6, PART VI, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE GENERAL PUBLIC BY PROVIDING COPIES UPON REQUEST.
FORM 990, PART XI, LINE 9INVESTMENT EXPENSES -9,394 STUDENT FINANCIAL AID -1,527,629 INVESTMENT EXPENSES 9,394 STUDENT FINANCIAL AID 1,527,629

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