Overview

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Est.

1990

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

The Greater Sterling Development Corporation is dedicated to fostering economic and job growth in the Sterling area through business expansion, new investment, and retention. With an operating budget of $1.2 million and total revenue of $950.5K for the filing year 2025, the organization relies on significant support from key funders, including the Dillon Foundation and Sterling Today Inc. The organization does not depend on a single funder for 50% or more of its revenue.

Mission Statement

TO CREATE ECONOMIC AND JOB GROWTH IN THE STERLING AREA THROUGH BUSINESS EXPANSION, NEW INVESTMENT AND RETENTION.
Revenues
$1.1M
Expenses
$1.3M
Net Income:
-$187.7K
Assets
$9.6M
Liabilities
$4.6M
Net Assets:
+$5M
Operating Budget
$1.1M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$52.2K
Largest grant received
$52.2K
H
Heather Sotelo
Board Member
E
Ed Andersen
Board Member
P
Peter W Dillon
Board Member
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  • 3 funders
  • 22 board & team members
  • 11 historic 990s & financials
  • 6-year operating budget trend
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Frequently Asked Questions

What is GREATER STERLING DEVELOPMENT CORPORATION’s budget?
In 2024, GREATER STERLING DEVELOPMENT CORPORATION reported an annual operating budget of around $1.1 million. More detailed financial information is available to registered users.
What causes does GREATER STERLING DEVELOPMENT CORPORATION support?
GREATER STERLING DEVELOPMENT CORPORATION supports work in Urban development.
Where does GREATER STERLING DEVELOPMENT CORPORATION operate?
GREATER STERLING DEVELOPMENT CORPORATION is headquartered in Sterling, IL.
Who funded GREATER STERLING DEVELOPMENT CORPORATION recently?
In 2024, GREATER STERLING DEVELOPMENT CORPORATION received grants from DILLON FOUNDATION, DILLON FOUNDATION, and DILLON FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant GREATER STERLING DEVELOPMENT CORPORATION received in 2024?
The largest grant to GREATER STERLING DEVELOPMENT CORPORATION in 2024 exceeds $52 thousand.
What is GREATER STERLING DEVELOPMENT CORPORATION’s reliance on government grants?
GREATER STERLING DEVELOPMENT CORPORATION relied on government grants for more than 15% of their total revenue in 2024.