Sterling Hall School

99 Cartwright Avenue
Toronto, ON M6A 1V4
Board Chair: John Stevens
Exec. Dir. of Advancement: Maria Jordan

Charitable Reg. #: 11925 7657 RR0001
Sector: Education
Operating Charity

Charity Rating

Not yet rated.

Donor Accountability

Grade: NR

Charity not yet rated on the public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements available only upon request [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

2009 2010 2011
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #42

Avg. Compensation $126,915

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 1
$200k - $250k 0
$160k - $200k 0
$120k - $160k 5
$80k - $120k 4
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2011

About Sterling Hall School:

Sterling Hall School (SHS), founded in 1987, is an independent, all-boys school located in the Greater Toronto Area. SHS is a registered charity, in which tuition is used to fund the day-to-day activities and donations are used to fund future capital enhancements and offset any excess costs of running the school. The school offers classes from Junior Kindergarten to Grade 8 and enrolls over 300 boys each year. They are currently evaluating an expansion to the secondary level.

Historically, over 90% of Grade 8 graduates from SHS move on to their first choice of secondary school. Sterling Hall School’s student/teacher ratio is less than 8:1 and their maximum class sizes do not exceed 18 students. This year, Sterling Hall School will be establishing The Robinson Family Fund to provide financial aid to students that cannot afford to attend the school, but qualify for the program based on academics, character and talent criteria.

The Sterling Hall School Foundation was incorporated in 2005 with the purpose of receiving funds to support the school. The foundation is independent from the school and has a separate board of directors.

Financial Review:

In F2011, Sterling Hall School and Foundation received $8.1m in revenue, of which $7.8m was tuition fees. Administrative costs are 23% of revenue. Fundraising costs are not disclosed on the audited financial statements and are likely included in administrative costs. It has funding reserves of $5.8m in 2011, which cover 103% of annual program costs.

Financial Ratios

Fiscal year ending June
Administrative costs as % of revenues 23.2%19.9%18.3%
Fundraising costs as % of donations 0.0%0.0%0.0%
Program cost coverage (%) 103.3%103.7%93.2%

Summary Financial Statements

All figures in $s
Donations 433,134375,090382,067
Fees for service 6,857,2996,760,3066,578,345
Business activities (net) 210,254283,597272,413
Investment income 299,16911,34138,332
Other income 314,324375,668187,574
Total revenues 8,114,1807,806,0027,458,731
Program costs 5,646,9795,232,2274,750,141
Administrative costs 1,814,0881,553,1181,359,353
Fundraising costs 000
Cash flow from operations 653,1131,020,6571,349,237
Funding reserves 5,835,8445,427,1294,425,926
Note: Charity analysis represents data from combined financial statements of Sterling Hall School and Sterling Hall School foundation.

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