Cornerstone Theater Inc
- Assets
- $186.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Argyle, TX
- Founding
- 05/2002
- Data as of
- 12/2023
- EIN
- 30-0070694
Organization Overview
Cornerstone Theater Inc is located in Argyle, TX. The organization was established in 2002. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Theater Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Cornerstone Theater Inc generated $154.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $131.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PRESENTING THEATRICAL PRODUCTIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Kooiman Treasurer/secretary | 1 | $0 | |
Richard Montez President | 50 | $0 | |
Stacy Muth Vice President | 0 | $0 | |
Brenda Platt Director | 0 | $0 | |
Paul Platt Director | 0 | $0 | |
Paul Grayburn Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,777 |
| Total Program Service Revenue | $60,000 |
| Membership dues | $0 |
| Investment income | $313 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $154,090 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $4,328 |
| Professional fees and other payments to independent contractors | $540 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,681 |
| Other expenses | $124,464 |
| Total expenses | $131,013 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $19,905 |
| Other assets | $0 |
| Total assets | $186,323 |
| Total liabilities | $7,345 |
| Net assets or fund balances | $178,978 |