Nonprofit · EIN 36-3706308
GREATER STERLING DEVELOPMENT CORP
Tax-exempt · STERLING, IL 61081
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| April 30, 2025 | 990 | $950,454 | $1,204,220 | -$253,766 | $9,284,119 | $4,513,791 | $4,770,328 |
| April 30, 2024 | 990 | $1,078,988 | $1,266,657 | -$187,669 | $9,629,968 | $4,605,874 | $5,024,094 |
| April 30, 2023 | 990 | $824,900 | $1,076,403 | -$251,503 | $9,982,638 | $4,770,875 | $5,211,763 |
Financial details: 990 for the year ended April 30, 2025
Revenue
- Contributions, gifts and grants
- $136,416
- of which government grants
- $2,500
- Program service revenue
- $813,969
- Investment income
- $69
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $8,966
- Compensation of officers, directors and key employees
- $124,783
- Other salaries and wages
- $86,526
- Salaries, compensation and benefits (total)
- $239,706
- Professional fundraising fees
- $0
- Accounting fees
- $24,556
- Occupancy
- $273,340
- Travel
- $10,041
- Depreciation
- $320,977
- Program services (functional)
- $1,057,785
- Management and general (functional)
- $133,855
- Fundraising (functional)
- $12,580
Balance sheet and other
- Total assets, start of year
- $9,629,968
- Total assets, end of year
- $9,284,119
- Total liabilities, end of year
- $4,513,791
- Net assets, end of year
- $4,770,328
- Land, buildings and equipment
- $8,733,683
- Net assets without donor restrictions
- $4,752,328
- Net assets with donor restrictions
- $18,000
- Gross receipts
- $950,454
- Employees
- 3
- Volunteers
- 10
- Year formed
- 1990
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended April 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HEATHER SOTELO | EXECUTIVE DIRECTOR Officer | 40 | $111,303 | $12,233 |
| ED ANDERSEN | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| PETER W DILLON | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| DICK BAUMANN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| CINDY ZANDER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JENNIFER DALLAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CRAIG FROETER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCOTT SHUMARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN ROSENGREN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVE HURLESS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DIRK MEMINGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended April 30, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HEATHER SOTELO | EXECUTIVE DIRECTOR Officer | 40 | $104,120 | $11,822 |
| ED ANDERSEN | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| PETER W DILLON | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| DICK BAUMANN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| CINDY ZANDER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JENNIFER DALLAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CRAIG FROETER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCOTT SHUMARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN ROSENGREN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVE HURLESS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DIRK MEMINGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended April 30, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HEATHER SOTELO | EXECUTIVE DIRECTOR Officer | 40 | $97,026 | $11,242 |
| ED ANDERSEN | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| PETER W DILLON | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| DICK BAUMANN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| CINDY ZANDER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JENNIFER DALLAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CRAIG FROETER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCOTT SHUMARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN ROSENGREN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVE HURLESS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DIRK MEMINGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1741 INDUSTRIAL DR, STERLING, IL 61081-9290
- Principal officer (990 for 2024)
- HEATHER SOTELO, 1741 INDUSTRIAL DRIVE, STERLING, IL 61081
- Signed the 990
- CINDY ZANDER, SECRETARY
- Phone
- (815) 625-5255
- Website
- WWW.STERLINGDEVELOPMENT.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
THE GREATER STERLING DEVELOPMENT CORPORATION (GSDC) WAS CREATED TO COORDINATE AND STREAMLINE ECONOMIC DEVELOPMENT EFFORTS IN THE CITY OF STERLING, WHITESIDE COUNTY AND THE SURROUNDING AREAS.
Program accomplishments
- INCUBATOR MANAGEMENT - OPERATE 50,000 SQ FT INDUSTRIAL FACILITY FOR THE CITY OF STERLING, ILLINOIS. RECRUIT AND ASSIST START-UP BUSINESSES, MARKETING AND PLANNING. RENT AND MAINTAIN REAL ESTATE FOR LOCAL BUSINESSES. ALSO PROVIDE LOANS TO START-UP BUSINESSES IN CONJUNCTION WITH THE CITY OF STERLING'S REVOLVING LOAN FUND. THE ORGANIZATION LEASES ONE OF ITS BUILDINGS TO VARIOUS LOCAL NON-PROFIT ORGANIZATIONS AT NO COST. THE IN-KIND RENT CONTRIBUTION IS ESTIMATED TO BE $108,000 FOR THE CURRENT YEAR.Expenses $1,057,785 · grants $8,966 · revenue $813,969
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in April, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | April 30, 2026 | September 15, 2026 | Not on file |
| 2024 | April 30, 2025 | September 15, 2025 | 990 on file |
| 2023 | April 30, 2024 | September 16, 2024 | 990 on file |
IRS record
- EIN
- 36-3706308
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1990
- Accounting year ends
- April
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31Z)
- Assets (IRS master file)
- $9,284,119
- Income (IRS master file)
- $950,454
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | April 2025 | $950,454 | $1,204,220 | $9,284,119 | XML |
| 990 | April 2024 | $1,078,988 | $1,266,657 | $9,629,968 | XML |
| 990 | April 2023 | $824,900 | $1,076,403 | $9,982,638 | XML |
| 990 | April 2022 | $1,289,640 | $927,045 | $10,325,597 | IRS |
| 990 | April 2021 | – | – | – | IRS |
| 990 | April 2020 | – | – | – | IRS |
| 990 | April 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 36-3706308).
Questions about GREATER STERLING DEVELOPMENT CORP
- What is the EIN of GREATER STERLING DEVELOPMENT CORP?
- The employer identification number (EIN) of GREATER STERLING DEVELOPMENT CORP is 36-3706308.
- Is GREATER STERLING DEVELOPMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to GREATER STERLING DEVELOPMENT CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GREATER STERLING DEVELOPMENT CORP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GREATER STERLING DEVELOPMENT CORP due?
- The return for tax year 2025 (the year ending April 30, 2026) is due September 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GREATER STERLING DEVELOPMENT CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended April 2025.
- Who is the principal officer of GREATER STERLING DEVELOPMENT CORP?
- The 990 for the year ended April 30, 2025 names HEATHER SOTELO.
- Who are the officers and directors of GREATER STERLING DEVELOPMENT CORP?
- The 990 for the year ended April 30, 2025 lists 11 people; 1 received compensation from the organization, the highest $111,303 (HEATHER SOTELO, EXECUTIVE DIRECTOR).
- How much revenue does GREATER STERLING DEVELOPMENT CORP have?
- On its 990 for the year ended April 30, 2025 it reported revenue of $950,454, expenses of $1,204,220 and total assets of $9,284,119 at year end.
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