Nonprofits›String Theory Corporation
Education
String Theory Corporation
PHILADELPHIA, PA
Total revenue
$14K
Total expenses
$40K
Net assets
$672K
Grants received
$700K
1 grants
EIN
871893842
Tax year
2023
Mission
To operate a school of higher learning for the sole benefit of students attending philadelphia performing arts charter school whose dual enrollment in college is incorporated into the curriculum of the charter school
Financials
FY 2023
Revenue
Contributions & grants—
Program service revenue—
Investment income$14K
Other revenue—
Total revenue$14K
Expenses
Grants paid—
Salaries & benefits—
Fundraising—
Other expenses$40K
Total expenses$40K
Total assets$673K
Net assets$672K
People
6 listed
NameRoleCompensation
JOANN STIO
BOARD MEMBER
Board
—
2 hrs/wk
SANDRA MILLER
BOARD MEMBER
Board
—
2 hrs/wk
DAVID REAZER
BOARD MEMBER
Board
—
2 hrs/wk
FRANK GENTHER
BOARD MEMBER
Board
—
2 hrs/wk
JASON COROSANITE
PRESIDENT
Board
—
2 hrs/wk
ANGELA COROSANITE
CEO
Board
—
2 hrs/wk
Grants received
Showing 1 of 1
FromAmountPurposeYear
$700K
ON MARCH 6, 2021, A NONPROFIT ORGANIZATION, STRING THEORY CORPORATION D/B/A STRING THEORY SCHOOL OF DESIGN WAS FORMED BY MEMBERS OF THE STRING THEORY SCHOOLS BOARD OF TRUSTEES FOR THE PURPOSE OF OPERATING AN EDUCATIONAL INSTITUTION. ON AUGUST 3, 2021, STRING THEORY SCHOOLS INTO A GRANT AGREEMENT WITH STRING THEORY CORPORATION FOR A TOTAL OF $700,000 TO FUND OPERATIONS AND FORMATION OF THE EDUCATIONAL INSTITUTION. THE GOAL OF STRING THEORY CORPORATION IS TO OPERATE A SCHOOL OF HIGHER LEARNING FOR THE BENEFIT OF STUDENTS ATTENDING ONE OF STRING THEORY SCHOOLS' MANAGED CHARTER SCHOOLS. $500,000 OF THE GRANTED CONTRIBUTIONS ARE REQUIRED TO BE USED TO FUND A SEGREGATED, PERPETUAL ENDOWMENT FUND. AN ADDITIONAL $200,000 WAS GIVEN TO BE USED FOR GENERAL OPERATIONS.
2021
Funded by
$700K from 1 funder · 1 grant · 2021
String Theory Schools
$700K · 1 grant · 2021
Details
EIN871893842
NTEE codeB41
Subsection03
Ruling date2022-03
Formed2021
Employees0
Volunteers0