Nonprofit · EIN 45-4443676
CORNERSTONE ACADEMY OF PERFORMING ARTS INC
Tax-exempt (reinstated) · PEORIA, IL 61615
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $205,266 | $224,418 | -$19,152 | $22,170 | $103,300 | -$81,130 |
| December 31, 2023 | 990 | $214,660 | $231,885 | -$17,225 | $41,320 | $103,300 | -$61,980 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $21,879
- Program service revenue
- $179,030
- Investment income
- $8
- Net income from sales of inventory
- $4,349
- Other revenue
- $4,349
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $467
- Other salaries and wages
- $77,481
- Salaries, compensation and benefits (total)
- $94,166
- Professional fundraising fees
- $0
- Legal fees
- $7,861
- Occupancy
- $62,953
- Travel
- $240
- Program services (functional)
- $224,418
Balance sheet and other
- Total assets, start of year
- $41,320
- Total assets, end of year
- $22,170
- Total liabilities, end of year
- $103,300
- Net assets, end of year
- -$81,130
- Net assets without donor restrictions
- -$81,130
- Gross receipts
- $210,417
- Employees
- 10
- Volunteers
- 30
- Year formed
- 2012
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAUREL KAY FILZEN ETZEL | PRESIDENT Trustee or director, Officer | 0 | $0 |
| COURTNEY STRAUSER | MEMBER Officer | 0 | $0 |
| HILARY WEEKS | MEMBER Officer | 0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| REBEKAH VON RATHONYI | ARTISTIC DIRECTOR/TREASURER Officer | 40 | $15,000 |
| JOSHUA GULLETT | FORMER PRESIDENT Trustee or director | 5 | $0 |
| DOUGLAS COARTNEY | MEMBER Officer | 0 | $0 |
| LAUREL KAY FILZEN ETZEL | CURRENT PRESIDENT Officer | 0 | $0 |
| BETHANY PAPPALARDO | MEMBER Officer | 0 | $0 |
| JALEESHA ALLEN | MEMBER Officer | 0 | $0 |
| DEBORAH GARRISON | MEMBER Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 5201 W WAR MEMORIAL DR, PEORIA, IL 61615-9222
- In care of
- % COURTNEY STRAUSER
- Mailing address (990-N for 2014)
- 3117 N Prospect Road, Peoria IL 61603
- Principal officer (990 for 2024)
- COURTNEY STRAUSER, 5201 W WAR MEMORIAL DR, PEORIA, IL 61615
- Principal officer (990-N for 2014)
- Rebekah von Rathony, 3117 N Prospect Road, Peoria IL 61603
- Signed the 990
- COURTNEY STRAUSER, BOARD MEMBER
- Phone
- (309) 713-1985
- Website
- www.ciballet.org
- Return prepared by
- GINOLI & COMPANY LTD CPA's
Mission
The mission of Cornerstone Academy is to offer the highest quality of instruction in the art of dance and movement available in Downstate Illinois. As Downstate Illinois' only professional ballet company, we strive to present professional ballet and dance performances to an area in Illinois that is greatly under served in these opportunities. The organization hopes to increase awareness of the art of dance and movement in the area, as well as positively impact the quality of life for residents of Downstate Illinois.
Program accomplishments
- Cornerstone Academy and Central Illinois Ballet provided professional dance education and professional dance performance to over 5,000 residents of Central Illinois.Expenses $224,418 · revenue $183,387
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-4443676
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A63)
- Assets (IRS master file)
- $22,170
- Income (IRS master file)
- $210,417
Revocation and reinstatement
- Exemption revoked
- May 15, 2018
- Posted by the IRS
- February 12, 2019
- Reinstated
- Effective May 15, 2018
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $205,266 | $224,418 | $22,170 | XML |
| 990 | December 2023 | $214,660 | $231,885 | $41,320 | XML |
| 990 | December 2022 | $234,562 | $256,637 | $57,876 | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-N for 2014 Officer: Rebekah von Rathony | December 31, 2014 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-4443676).
Questions about CORNERSTONE ACADEMY OF PERFORMING ARTS INC
- What is the EIN of CORNERSTONE ACADEMY OF PERFORMING ARTS INC?
- The employer identification number (EIN) of CORNERSTONE ACADEMY OF PERFORMING ARTS INC is 45-4443676.
- Is CORNERSTONE ACADEMY OF PERFORMING ARTS INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2018 and reinstated it effective May 15, 2018.
- Are donations to CORNERSTONE ACADEMY OF PERFORMING ARTS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CORNERSTONE ACADEMY OF PERFORMING ARTS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CORNERSTONE ACADEMY OF PERFORMING ARTS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CORNERSTONE ACADEMY OF PERFORMING ARTS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CORNERSTONE ACADEMY OF PERFORMING ARTS INC?
- The 990 for the year ended December 31, 2024 names COURTNEY STRAUSER.
- Who are the officers and directors of CORNERSTONE ACADEMY OF PERFORMING ARTS INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does CORNERSTONE ACADEMY OF PERFORMING ARTS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $205,266, expenses of $224,418 and total assets of $22,170 at year end.
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