Nonprofit · EIN 95-4493498
CORNERSTONE THEATER COMPANY INC
Tax-exempt · PASADENA, CA 91103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $814,529 | $610,966 | $203,563 | $1,779,303 | $42,272 | $1,737,031 |
| June 30, 2024 | 990 | $360,392 | $810,427 | -$450,035 | $1,517,070 | $46,772 | $1,470,298 |
| June 30, 2023 | 990 | $987,524 | $1,124,372 | -$136,848 | $1,901,187 | $81,429 | $1,819,758 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $746,574
- of which government grants
- $239,788
- Program service revenue
- $14,371
- Investment income
- $53,137
- Net gain from sales of assets
- $36,323
- Other revenue
- $447
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $246,182
- Other salaries and wages
- $159,814
- Salaries, compensation and benefits (total)
- $456,805
- Professional fundraising fees
- $0
- Legal fees
- $7,885
- Accounting fees
- $35,903
- Occupancy
- $22,329
- Travel
- $13,497
- Depreciation
- $5,978
- Program services (functional)
- $356,324
- Management and general (functional)
- $156,719
- Fundraising (functional)
- $97,923
Balance sheet and other
- Total assets, start of year
- $1,517,070
- Total assets, end of year
- $1,779,303
- Total liabilities, end of year
- $42,272
- Net assets, end of year
- $1,737,031
- Land, buildings and equipment
- $5,925
- Publicly traded securities
- $915,985
- Net assets without donor restrictions
- $463,835
- Net assets with donor restrictions
- $1,273,196
- Gross receipts
- $1,024,710
- Employees
- 22
- Volunteers
- 25
- Year formed
- 1994
- State of legal domicile
- CA
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 |
|---|---|---|---|---|
| MEGAN WANLASS | MANAGING DIRECTOR Officer | 50 | $97,325 | $16,231 |
| CHARLOTTE BRATHWAITE | CO-ARTISTIC DIRECTOR (UNTIL 01/31/25) Officer | 30 | $60,607 | $3,232 |
| SUNDER GANGLANI | CO-ARTISTIC DIRECTOR Officer | 30 | $61,222 | $342 |
| ELIZABETH KENNEDY | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| SARAH LANG | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| LEANNA HALLMAN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MARGARET IRWIN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| TENA YATROUSSIS | DIRECTOR (UNTIL 12/5/24) Trustee or director | 1 | $0 | $0 |
| ANNIE YEE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RUTH ALYCE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MELODY KANSCHAT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATTHEW ROWLAND | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MEGAN WANLASS | MANAGING DIRECTOR Officer | 50 | $95,416 | $15,759 |
| ELIZABETH KENNEDY | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| GENEVIEVE RIUTORT | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SARAH LANG | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| CLEMENTINE BORDEAUX | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| LEANNA HALLMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARGARET IRWIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK VALDEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TENA YATROUSSIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANNIE YEE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHARLOTTE BRATHWAITE | CO-ARTISTIC DIRECTOR (AS OF 2/1/24) Officer | 30 | $0 | $0 |
| SUNDER GANGLANI | CO-ARTISTIC DIRECTOR (AS OF 2/1/24) Officer | 30 | $0 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL JOHN GARCES | ARTIST DIRECTOR Officer | 50 | $94,942 | $13,388 |
| MEGAN WANLASS | MANAGING DIRECTOR Officer | 50 | $92,366 | $14,814 |
| CLEMENTINE BORDEAUX | SECRETARY Trustee or director, Officer | 1 | $8,750 | $0 |
| GENEVIEVE RIUTORT | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SARAH LANG | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ERICA BLUMFIELD | DIRECTOR (UNTIL 9/8/23) Trustee or director | 1 | $0 | $0 |
| LEANNA HALLMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARGARET IRWIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELIZABETH KENNEDY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARK VALDEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TENA YATROUSSIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANNIE YEE | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 145 N RAYMOND AVE, PASADENA, CA 91103-3921
- Principal officer (990 for 2024)
- MEGAN WANLASS, PO BOX 412587, LOS ANGELES, CA 90041
- Signed the 990
- MEGAN WANLASS, MANAGING DIRECTOR
- Phone
- (213) 613-1700
- Website
- CORNERSTONETHEATER.ORG
- Return prepared by
- EVERGREEN ALLIANCE
California records
California keeps its own records of charities and corporations. Search them by EIN 95-4493498 or by the name CORNERSTONE THEATER COMPANY INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
CORNERSTONE THEATER COMPANY COLLABORATES WITH COMMUNITIES. OUR WORK REFLECTS COMPLEXITY, DISRUPTS ASSUMPTIONS, WELCOMES DIFFERENCE, AND AMPLIFIES JOY.
Program accomplishments
- CORNERSTONE'S MAIN PROGRAMMING OBJECTIVE IS TO COLLABORATE WITH COMMUNITIES AND MAKE ART THAT IMAGINES JUSTICE, CONSPIRES DISCOURSE, MANIFESTS EXPANSIVE JOY, AND CREATES CHANGE. THE COMPANY APPROACHES THIS OBJECTIVE FROM DIFFERENT POINTS OF ENTRY, AND OUR PROCESS PLAYS ITSELF OUT IN YEAR-ROUND PROGRAMMING. CORNERSTONE'S COMMUNITY COLLABORATIONS CULMINATE IN FULLY PRODUCED THEATRICAL PRODUCTIONS BUT BEGIN WITH PARTICIPATORY ENGAGEMENTS - STORY CIRCLES, WORKSHOPS, SKILL SHARES AND CREATIVE MUTUAL AID. CORNERSTONE'S COMMUNITY COLLABORATIONS UNFOLD ACROSS YEARS OF INTIMATE, CREATIVE LABOR THAT INCLUDES THE PUBLIC AT EVERY JUNCTURE AS A NECESSARY PARTNER IN THE DEVELOPMENT PROCESS. THE COMPANY BELIEVE IN A "PUBLIC DRAMATURGY" THAT POSITIONS AUDIENCES -- OFTEN COMPOSED OF WIDER COMMUNITY MEMBERS, FRIENDS AND FAMILY -- IN DIALOGUE WITH THE WORK AS IT DEVELOPS.Expenses $356,324 · revenue $14,371
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
- 95-4493498
- 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
- 1995
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A650)
- Assets (IRS master file)
- $1,779,303
- Income (IRS master file)
- $1,024,710
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $814,529 | $610,966 | $1,779,303 | IRS |
| 990 | June 2024 | $360,392 | $810,427 | $1,517,070 | IRS |
| 990 | June 2023 | $987,524 | $1,124,372 | $1,901,187 | XML |
| 990 | June 2022 | $921,906 | $831,447 | $2,061,496 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
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 95-4493498).
Questions about CORNERSTONE THEATER COMPANY INC
- What is the EIN of CORNERSTONE THEATER COMPANY INC?
- The employer identification number (EIN) of CORNERSTONE THEATER COMPANY INC is 95-4493498.
- Is CORNERSTONE THEATER COMPANY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to CORNERSTONE THEATER COMPANY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CORNERSTONE THEATER COMPANY 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 THEATER COMPANY INC 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 CORNERSTONE THEATER COMPANY INC 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 CORNERSTONE THEATER COMPANY INC?
- The 990 for the year ended June 30, 2025 names MEGAN WANLASS.
- Who are the officers and directors of CORNERSTONE THEATER COMPANY INC?
- The 990 for the year ended June 30, 2025 lists 12 people; 3 received compensation from the organization, the highest $97,325 (MEGAN WANLASS, MANAGING DIRECTOR).
- How much revenue does CORNERSTONE THEATER COMPANY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $814,529, expenses of $610,966 and total assets of $1,779,303 at year end.
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