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Nonprofiteer
← CORNERSTONE THEATER COMPANY INC

Form 990 for tax year 2023

Filed by CORNERSTONE THEATER COMPANY INC.

Totals

Total revenue
$360,392
Total expenses
$810,427
Contributions and grants received
$314,876
Grants paid
$0
Program service revenue
$34,700
Investment income
$10,160
Other revenue
$656
Total assets, end of year
$1,517,070
Total liabilities, end of year
$46,772
Net assets or fund balances, end of year
$1,470,298
Program services expenses (Part IX)
$564,539
Management and general expenses
$169,193
Fundraising expenses
$76,695
Program service expenses (Part III)
$564,539

Program services were 69.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $91,250

  • 1f · All other contributions, gifts and grants

    $223,626

  • 2a · Program service revenue: ADMISSIONS/PERFORMANCE

    total $34,300 · related or exempt $34,300

  • 2b · Program service revenue: THEATER RENTAL EQUIPME

    total $400 · related or exempt $400

  • 3 · Investment income

    total $16,721 · excluded $16,721

  • 7a · Gross sales of assets other than inventory

    securities $304,211

  • 7b · Less cost or other basis and sales expenses

    securities $310,772

  • 7c · Gain or loss

    securities -$6,561

  • 7d · Net gain or loss

    total -$6,561 · excluded -$6,561

  • 11a · Other revenue: MISCELLANEOUS

    total $656 · excluded $656

  • 11e · Other revenue, total

    $656

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $172,139 · program services $87,189 · management and general $33,980 · fundraising $50,970

  • 7 · Other salaries and wages

    total $288,008 · program services $230,795 · management and general $45,646 · fundraising $11,567

  • 8 · Pension plan contributions

    total $6,220 · program services $4,858 · management and general $681 · fundraising $681

  • 9 · Other employee benefits

    total $27,787 · program services $25,787 · management and general $1,946 · fundraising $54

  • 10 · Payroll taxes

    total $42,258 · program services $30,503 · management and general $5,147 · fundraising $6,608

  • 11c · Fees: accounting

    total $21,400 · management and general $21,400

  • 11e · Fees: professional fundraising services

    total $75 · fundraising $75

  • 11f · Fees: investment management

    total $11,089 · management and general $11,089

  • 11g · Fees: other

    total $87,845 · program services $74,512 · management and general $13,333

  • 12 · Advertising and promotion

    total $4,623 · program services $2,480 · management and general $1,399 · fundraising $744

  • 13 · Office expenses

    total $12,893 · program services $5,877 · management and general $6,266 · fundraising $750

  • 16 · Occupancy

    total $22,489 · program services $9,473 · management and general $13,016

  • 17 · Travel

    total $27,203 · program services $24,294 · management and general $2,844 · fundraising $65

  • 20 · Interest

    total $86 · program services $86

  • 22 · Depreciation, depletion and amortization

    total $11,478 · program services $5,739 · management and general $5,739

  • 23 · Insurance

    total $36,250 · program services $25,888 · management and general $5,181 · fundraising $5,181

  • 24a · Other expenses: PRODUCTION COSTS

    total $37,058 · program services $37,058

  • 24b · Other expenses: BANK AND MERCHANT FEES

    total $1,526 · management and general $1,526

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $302,065 · end of year $31,162

  • 2 · Savings and temporary cash investments

    beginning of year $470,786 · end of year $447,716

  • 3 · Pledges and grants receivable

    beginning of year $354,630 · end of year $163,910

  • 4 · Accounts receivable

    end of year $14,837

  • 10a · Land, buildings and equipment: cost or other basis

    $226,230

  • 10b · Land, buildings and equipment: accumulated depreciation

    $214,327

  • 10c · Land, buildings and equipment, net

    beginning of year $20,496 · end of year $11,903

  • 11 · Investments: publicly traded securities

    beginning of year $722,503 · end of year $816,985

  • 15 · Other assets

    beginning of year $30,707 · end of year $30,557

  • 17 · Accounts payable and accrued expenses

    beginning of year $81,429 · end of year $41,772

  • 19 · Deferred revenue

    end of year $5,000

  • 27 · Net assets without donor restrictions

    beginning of year $613,599 · end of year $550,087

  • 28 · Net assets with donor restrictions

    beginning of year $1,206,159 · end of year $920,211

Mission and programs · 2023

Mission

CORNERSTONE THEATER COMPANY COLLABORATES WITH COMMUNITIES. OUR WORK REFLECTS COMPLEXITY, DISRUPTS ASSUMPTIONS, WELCOMES DIFFERENCE, AND AMPLIFIES JOY. BY COMBINING THE ARTISTRY OF PEOPLE WITH MANY LEVELS OF THEATRICAL EXPERIENCE, WE ACT UPON THE CONVICTION THAT ARTISTIC EXPRESSION IS CIVIC ENGAGEMENT AND THAT ACCESS TO A CREATIVE FORUM IS ESSENTIAL TO THE WELLNESS AND HEALTH OF EVERY INDIVIDUAL AND COMMUNITY.

  • THROUGH THE ARTISTIC PRACTICE OF COMMISSIONING AND PRODUCING NEW PLAYS, BOTH ORIGINAL WORKS AND CONTEMPORARY ADAPTATIONS OF CLASSICS, WHICH COMBINE THE ARTISTRY OF PROFESSIONAL AND COMMUNITY COLLABORATORS, CORNERSTONE BUILDS BRIDGES BETWEEN DIVERSE COMMUNITIES. A TEAM OF PROFESSIONAL THEATER MAKERS AND CORNERSTONE ENSEMBLE MEMBERS ENGAGE COMMUNITY MEMBERS TO PARTICIPATE IN ALL ASPECTS OF THE PLAY DEVELOPMENT PROCESS, FROM SCRIPT DEVELOPMENT TO PERFORMANCE TO BACKSTAGE SUPPORT.

    Expenses $529,615 · Revenue $28,850

  • CORNERSTONE PROVIDES TRAINING PROGRAMS THAT CREATE OPPORTUNITIES FOR BOTH NEW AND ESTABLISHED ARTISTS TO DEEPEN THEIR KNOWLEDGE OF COMMUNITY ENGAGED THEATER. THE TRAININGS RELY ON PARTICIPANTS' INPUT AND CREATIVITY FOR ACTIVITIES AND CONVERSATIONS THAT INCLUDE AN INTRODUCTION TO CORNERSTONE'S THIRTY SEVEN YEAR HISTORY, HANDS-ON EXERCISES FOR CHOOSING AND ENGAGING COMMUNITIES, STORY GATHERING, SCRIPT WRITING AND ADAPTATION, AUDITIONS, CASTING AND DESIGN. TWO DAY INTENSIVES ARE HELD TWICE A YEAR AT CORNERSTONE AND THROUGHOUT THE NATION AS TAILORED PROGRAMS TO MEET THE NEEDS OF NON PROFITS, CORPORATIONS AND UNIVERSITIES.

    Expenses $34,924 · Revenue $5,850

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Elizabeth Kennedy

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Genevieve Riutort

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Sarah Lang

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Clementine Bordeaux

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Leanna Hallman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Margaret Irwin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Valdez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tena Yatroussis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Annie Yee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Megan Wanlass

    MANAGING DIRECTOR

    Total calculated
    $111,175
    From this org
    $95,416
    From related orgs
    $0
    Other
    $15,759
    Hours/week
    50

  • Charlotte Brathwaite

    CO-ARTISTIC DIRECTOR (AS OF 2/1/24)

    Total calculated
    $0
    Hours/week
    30

  • Sunder Ganglani

    CO-ARTISTIC DIRECTOR (AS OF 2/1/24)

    Total calculated
    $0
    Hours/week
    30

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202531359349312693

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