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Cornerstone Theater Company

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 954493498 ✦ Los angeles, CA ✦ Designated as a 501(c)(3)

Overview

What is Cornerstone Theater Company?

Cornerstone Theater Company is a nonprofit organization situated in Los Angeles, California. By commissioning and producing new plays, both original works and contemporary adaptations of classics, they foster collaboration between professional and community artists. This unique approach enables them to bridge diverse communities. The company's team of professional theater makers and Cornerstone Ensemble members engage local community members in various stages of play development, from script development to performance and backstage support. Their mission is to reflect complexity, challenge assumptions, welcome diversity, and amplify joy. They firmly believe that artistic expression is a form of civic engagement, and access to a creative forum is essential for individual and community wellness. Cornerstone Theater Company, with a workforce of 30, embodies this conviction.


Official website here: www.cornerstonetheater.org

Is Cornerstone Theater Company legitimate?

Cornerstone Theater Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Theater Company submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $232,113
Professional Fundraising Fees: $21,000
Other Salaries and Wages: $260,464

For more financial information, click here


Official website here: www.cornerstonetheater.org

What is the mission statement of Cornerstone Theater Company?

Cornerstone Theater Company collaborates with various communities, utilizing artistic expression as a form of civic engagement. Their work aims to reflect complexity, challenge assumptions, embrace diversity, and amplify joy. By bringing together individuals with varying levels of theatrical experience, the company believes in the importance of providing a creative platform, which they consider essential for the wellbeing and health of every individual and community.


Official website here: www.cornerstonetheater.org

Who is the CEO of Cornerstone Theater Company?

Megan Wanlass is the Director of Cornerstone Theater Company.


Official website here: www.cornerstonetheater.org

What is the revenue of Cornerstone Theater Company?

Cornerstone Theater Company's revenue in 2022 was $921,906.


Official website here: www.cornerstonetheater.org

Who are the executives of Cornerstone Theater Company and what are their salaries?

The average compensation at Cornerstone Theater Company during 2022 was $16,419. There are 30 employees and 25 volunteers at Cornerstone Theater Company.

Here are 10 key members and their salaries:

    Michael John Garces (Artistic Director)
  • Compensation: $90,200
  • Related: $0
  • Other: $12,665

    • Megan Wanlass (Managing Director)
  • Compensation: $87,864
  • Related: $0
  • Other: $14,066

    • Mark Valdez (Chair/ Artist) [Trustee/Director]
  • Compensation: $5,000
  • Related: $0
  • Other: $0

    • Clementine Bordeaux (Secretary) [Trustee/Director]
  • Compensation: $4,813
  • Related: $0
  • Other: $0

    • April Ibarra (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Leanna Hallman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Elizabeth Kennedy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sarah Lang (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Genevieve Riutort (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tena Yatroussis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.cornerstonetheater.org

    Where can I find the form 990 for Cornerstone Theater Company?

    The Cornerstone Theater Company’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.cornerstonetheater.org

    Learn more at the official website: www.cornerstonetheater.org

    Mission Statement of Cornerstone Theater Company

    Cornerstone Theater Company is dedicated to collaborating with various communities. Their work is characterized by complexity, challenge assumptions, celebrate diversity, and amplify joy. By bringing together individuals with varying levels of theatrical experience, they embody the belief that artistic expression is a form of civic engagement. Furthermore, they are convinced that providing access to a creative platform is essential for the well-being and health of every individual and community. In essence, Cornerstone Theater Company strives to engage communities through art, disrupt preconceived notions, and promote inclusivity, all while fostering joy and creativity.

    Impact

    This information is meant to be a general summary of Cornerstone Theater Company. Please take the time to review official sources before making any decisions based upon the content provided here.




    Sunday, July 21, 2024

    Cornerstone Theater Company's impact lies in its unique approach to collaborating with communities to create transformative theatrical experiences. By combining the artistry of people with varying levels of theatrical experience, Cornerstone disrupts assumptions, welcomes diversity, and amplifies joy through its productions. This innovative model not only builds bridges between different communities but also empowers individuals to actively participate in all aspects of the play development process. Through their work, Cornerstone Theater Company demonstrates that artistic expression is a form of civic engagement essential for the well-being and health of both individuals and communities.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $76,757
  • Program Service Revenue: $77,995
  • Gross Receipts: $1,096,418

    • Assets and Liabilities:
  • Total Assets: $2,061,496
  • Total Liabilities: $124,778
  • Net Assets: $1,936,718
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    ADMISSIONS/PERFORMANCE

    Revenue

    $66,342

    TUITION/TEACHING FEES

    Revenue

    $7,729

    THEATER EQUIPMENT RENT

    Revenue

    $3,924

    Organization Details

    Founding Year

    1994

    Principal Officer

    Megan Wanlass

    Main Address

    PO BOX 412587, LOS ANGELES, CA, 90041

    NTEE Category

    Code: A650 - Arts

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