Nonprofit · EIN 87-1893842
STRING THEORY CORPORATION
Tax-exempt · PHILADELPHIA, PA 19102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,593,906 | $1,333,734 | $260,172 | $1,067,402 | $134,807 | $932,595 |
| June 30, 2024 | 990 | $13,842 | $39,846 | -$26,004 | $672,637 | $214 | $672,423 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,578,286
- Investment income
- $15,620
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $819,598
- Salaries, compensation and benefits (total)
- $1,039,573
- Professional fundraising fees
- $0
- Legal fees
- $27,139
- Accounting fees
- $16,375
- Travel
- $16,457
- Depreciation
- $437
- Program services (functional)
- $358,057
- Management and general (functional)
- $975,677
Balance sheet and other
- Total assets, start of year
- $672,637
- Total assets, end of year
- $1,067,402
- Total liabilities, end of year
- $134,807
- Net assets, end of year
- $932,595
- Land, buildings and equipment
- $12,917
- Net assets without donor restrictions
- $406,080
- Net assets with donor restrictions
- $526,515
- Gross receipts
- $1,593,906
- Employees
- 10
- Volunteers
- 5
- Year formed
- 2021
- State of legal domicile
- PA
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| J JASON COROSANITE | PRESIDENT Officer | 40 | $127,630 | $3,775 |
| DAVID RAEZER | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| NORMAN BALCHUNAS JR | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| KARL WELLMAN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| JOANN STIO | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| DR WILLIAM CARR | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ANGELA COROSANITE | CEO Officer | 2 | $0 | $434,492 | $44,482 |
| JASON COROSANITE | PRESIDENT Officer | 2 | $0 | $254,559 | $41,545 |
| JOANN STIO | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| SANDRA MILLER | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| DAVID REAZER | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| FRANK GENTHER | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1600 VINE ST 8TH FLOOR, PHILADELPHIA, PA 19102-1100
- In care of
- % JASON COROSANITE
- Mailing address (990-N for 2020)
- 1600 Vine Street, Philadelphia PA 19102
- Principal officer (990 for 2024)
- J JASON COROSANITE, 1600 VINE STREET, PHILADELPHIA, PA 19102
- Principal officer (990-N for 2020)
- Jason Corosanite, 1600 Vine Street, Philadelphia PA 19102
- Signed the 990
- JASON COROSANITE, PRESIDENT
- Phone
- (856) 505-1300
- Return prepared by
- HAEFELE FLANAGAN & CO PC
Mission
THE STRING THEORY CORPORATION D/B/A STRING THEORY SCHOOL OF DESIGN'S MISSION IS TO CATALYZE CREATIVE ENDEAVORS THROUGH DESIGN, TECHNOLOGY, AND ENTREPRENEURSHIP. LEARNERS ENGAGE LEADING EDGE CREATIVE FIELDS, ACTIVELY STUDY DESIGN THINKING PROCESSES, AND DELIBERATELY PRACTICE DOMAIN-SPECIFIC TECHNIQUES. MARKETABLE SKILLS, DEVELOPED IN AN ENVIRONMENT PRIORITIZING OUTRAGEOUS SUPPORT, ENABLE STUDENT APPLICATION OF AUTHENTIC CREATIVE SKILLS TO COMMUNICATE INNOVATIONS THROUGH MULTI-FACETED STORYTELLING.
Program accomplishments
- TO OPERATE A SCHOOL OF HIGHER LEARNING IN PHILADELPHIA, PA, WHERE STUDENTS GAIN MARKETABLE SKILLS, DEVELOPED IN AN ENVIRONMENT PRIORITIZING OUTRAGEOUS SUPPORT, ENABLING STUDENTS TO APPLY AUTHENTIC CREATIVE SKILLS TO COMMUNICATE INNOVATIONS THROUGH MULTI-FACETED STORYTELLING.Expenses $358,057 · revenue $1,578,286
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 87-1893842
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B41)
- Assets (IRS master file)
- $1,067,402
- Income (IRS master file)
- $1,593,906
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990 | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $6,220 | $2,624 | $699,677 | IRS |
| 990 | June 2022 | $700,000 | $5,169 | $694,831 | IRS |
| 990-N for 2020 Officer: Jason Corosanite | June 30, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about STRING THEORY CORPORATION
- What is the EIN of STRING THEORY CORPORATION?
- The employer identification number (EIN) of STRING THEORY CORPORATION is 87-1893842.
- Is STRING THEORY CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to STRING THEORY CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does STRING THEORY CORPORATION 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 STRING THEORY CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did STRING THEORY CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of STRING THEORY CORPORATION?
- The 990 for the year ended June 30, 2025 names J JASON COROSANITE.
- Who are the officers and directors of STRING THEORY CORPORATION?
- The 990 for the year ended June 30, 2025 lists 6 people; 1 received compensation from the organization, the highest $127,630 (J JASON COROSANITE, PRESIDENT).
- How much revenue does STRING THEORY CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,593,906, expenses of $1,333,734 and total assets of $1,067,402 at year end.
Other nonprofits in PHILADELPHIA
- TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA EIN 23-1352685 · last filed 990 for 2025
- TEMPLE UNIVERSITY-OF THE COMMONWEALTH SYSTEM OF HIGHER EDUC EIN 23-1365971 · last filed 990 for 2025
- THOMAS JEFFERSON UNIVERSITY EIN 23-1352651 · last filed 990 for 2025
- DREXEL UNIVERSITY EIN 23-1352630 · last filed 990 for 2025
- JEFFERSON UNIVERSITY PHYSICIANS EIN 23-2809585 · last filed 990 for 2025
- SAINT JOSEPHS UNIVERSITY EIN 23-1352674 · last filed 990 for 2025
- TEMPLE UNIVERSITY HEALTH SYSTEM INC EIN 23-2825881 · last filed 990 for 2025
- PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE EIN 23-1355135 · last filed 990 for 2025