Civic Intelligence

String Theory Schools

990 • Fiscal year 2015 • EIN 45-2656760

Jul 01, 2014 to Jun 30, 2015 • Filed on May 12, 2016

1600 Vine StreetPhiladelphia, PA 19102

(215) 334-4222

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

60th percentile

0.18x

Higher debt load relative to assets than 60% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

43rd percentile

0.08x

Higher debt load relative to revenue than 43% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

56th percentile

4.5%

Higher net margin than 56% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

91st percentile

$217,657

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 7.5% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

68th percentile

7.1%

Faster asset growth than 68% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

80th percentile

27%

Faster revenue growth than 80% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$1,213,378

Up $80,562 (+7.1%) from 2014

Net Assets

Up

$988,914

Up $131,203 (+15%) from 2014

Liabilities

Down

$224,464

Down $50,641 (-18%) from 2014

Revenue

Up

$2,900,197

Up $610,444 (+27%) from 2014

Expenses

Up

$2,768,994

Up $595,279 (+27%) from 2014

Net Income

Up

$131,203

Up $15,165 (+13%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2013: $1,165,769Liabilities 2013: $424,096Net Assets 2013: $741,6732013Assets 2014: $1,132,816Liabilities 2014: $275,105Net Assets 2014: $857,7112014Assets 2015: $1,213,378Liabilities 2015: $224,464Net Assets 2015: $988,9142015Assets 2016: $1,604,896Liabilities 2016: $390,087Net Assets 2016: $1,214,8092016Assets 2017: $1,904,732Liabilities 2017: $223,061Net Assets 2017: $1,681,6712017Assets 2018: $2,487,494Liabilities 2018: $338,157Net Assets 2018: $2,149,3372018Assets 2019: $2,756,795Liabilities 2019: $401,400Net Assets 2019: $2,355,3952019Assets 2020: $2,723,257Liabilities 2020: $251,409Net Assets 2020: $2,471,8482020Assets 2021: $3,302,982Liabilities 2021: $296,929Net Assets 2021: $3,006,0532021Assets 2022: $2,668,571Liabilities 2022: $231,867Net Assets 2022: $2,436,7042022Assets 2023: $2,995,732Liabilities 2023: $194,295Net Assets 2023: $2,801,4372023

Highlighted filing

2015

Assets$1,213,378
Liabilities$224,464
Net Assets$988,914

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $3,513,034Expenses 2013: $2,987,598Net Income 2013: $525,4362013Revenue 2014: $2,289,753Expenses 2014: $2,173,715Net Income 2014: $116,0382014Revenue 2015: $2,900,197Expenses 2015: $2,768,994Net Income 2015: $131,2032015Revenue 2016: $3,694,767Expenses 2016: $3,468,872Net Income 2016: $225,8952016Revenue 2017: $3,054,207Expenses 2017: $2,587,345Net Income 2017: $466,8622017Revenue 2018: $3,214,416Expenses 2018: $2,746,750Net Income 2018: $467,6662018Revenue 2019: $3,408,817Expenses 2019: $3,202,759Net Income 2019: $206,0582019Revenue 2020: $3,729,388Expenses 2020: $3,612,935Net Income 2020: $116,4532020Revenue 2021: $3,760,795Expenses 2021: $3,226,590Net Income 2021: $534,2052021Revenue 2022: $3,922,429Expenses 2022: $4,491,778Net Income 2022: -$569,3492022Revenue 2023: $4,139,575Expenses 2023: $3,774,842Net Income 2023: $364,7332023

Highlighted filing

2015

Revenue$2,900,197
Expenses$2,768,994
Net Income$131,203
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 12, 2016
Return Version
2014v6.0
Gross Receipts
$2,900,197
Mission and Program Overview

Mission

The primary mission of string theory schools is to provide an intellectually stimulating curriculum with an international focus, emphasizing the arts, languages, ideas, and histories, from an array of cultures from around the world. To meet its goals, the school draws heavily on the resources available in philadelphia- the museums, historic landmarks, businesses, schools, parks, communities, and families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$872,853$1,062,248▲ $189,395
Land, Buildings, and Equipment, Net$124,702$111,983▼ $12,719
Accounts Receivable$114,836$23,167▼ $91,669
Prepaid Expenses and Deferred Charges$13,702$9,257▼ $4,445
Total Assets$1,132,816$1,213,378▲ $80,562
Other Assets Total$6,723$6,723→ $0
Liabilities
Accounts Payable and Accrued Expenses$129,048$140,733▲ $11,685
Other Liabilities$146,057$83,731▼ $62,326
Total Liabilities$275,105$224,464▼ $50,641
Net Assets / Fund Balance
Unrestricted Net Assets$857,711$988,914▲ $131,203
Total Net Assets Fund Balance$857,711$988,914▲ $131,203
Total Liabilities and Net Assets / Fund Balance$1,132,816$1,213,378▲ $80,562

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$95,666$52,889$148,555
Leasehold Improvements$16,317$33,845$50,162
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Angela CorosaniteCEOFT$184,889$32,768$217,657
J Jason CorosantieCOOFT$149,641$29,028$178,669

Board Members and Trustees

NameTitle
MARY RITA D'ALESSANDROBoard President
Devida JenkinsVice President
Joann StioBoard Member
Sandra MillerBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Sand & SaidelLegal113 SOUTH 21ST STREET, Philadelphia, PA 19103$188,716
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,844,479
Investment Income
$0
Other Revenue
$55,718
Change in Net Assets
$131,203

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,900,197
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,900,197
Total Revenue per Form 990
$2,900,197
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,109,651
Other Expenses$659,343
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons-$1,638,248-$1,638,248
Other Employee Benefits-$283,337-$283,337
Fees for Services Legal-$241,025-$241,025
Payroll Taxes-$127,457-$127,457
Fees for Services Other-$111,378-$111,378
Occupancy-$72,165-$72,165
Pension Plan Contributions-$60,609-$60,609
Insurance-$45,401-$45,401
Depreciation Depletion-$33,252-$33,252
Office Expenses-$28,205-$28,205
Travel-$22,552-$22,552
Fees for Services Accounting-$12,450-$12,450
Other Expenses-$12,321-$12,321
All Other Expenses-$11,364-$11,364
Advertising-$3,263-$3,263
Total Functional Expenses$0$2,768,994$0$2,768,994

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,768,994
Total Expenses per Audited Statements$2,768,994
Total Expenses per Form 990$2,768,994
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Angela CorosaniteFormer CEO of Philadelphia Performing Arts CsManagement FeesNo$184,889
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Revenue$67,894
Deferred Rent$9,954
Security Deposit$5,883
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Angela corosanite, ceo of string theory schools is the former ceo of philadelphia performing arts cs. Angela corosanite and her son j. Jason corosanite are the ceo and coo of string theory schools. In addition, angela's brother-in-law. Thomas corosanite is the director of facilities, construction and security.

Form 990, Part VI, Section B, Line 11

Line 11a explanation - paid preparer presents the irs form 990 to the board of trustees and walks them through the form and asks that they review the form in detail prior to signing and filing.

Form 990, Part VI, Section B, Line 12C

Organization reviews statements of financial interest that are filed by each board member on an annual basis for any potenetial conflicts.

Form 990, Part VI, Section B, Line 15

Survey is done of organizations that are similiar in nature

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
String Theory Schools
EIN
45-2656760
Phone
2153344222
Address
1600 VINE STREET, PHILADELPHIA, PA 19102

Signing Officer

Name
Angela Corosanite
Title
CEO
Phone
2153344222
Signed
2016-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Angela Corosanite
Formed
2011
Legal Domicile
Pa
Voting Board Members
4
Independent Board Members
4
Employees
25
Volunteers
0

Preparer

Firm
Citrin Cooperman & Company Llp
Address
1800 JFK BOULEVARD 20TH FLOOR, PHILADELPHIA, PA 19103
Preparer
Kevin Ryan CPA
Phone
2155454800
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization follows accounting requirements associated with uncertainty in income taxes using the provisions of fasb asc 740, income taxes. Using that guidance, tax positions initially need to be recognized in the financial statements when it is more likely than not that the positions will be sustained upon examination by the taxing authorities. It also provides guidance for derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. As of june 30, 2015 and 2014, the organization had no uncertain tax positions that qualified for either recognition or disclosure in the financial statements. Additionally, the organization had no interest or penalties related to income taxes. The organization files income tax returns in the u.s. Federal jurisdiction and in various state and local jurisdictions. With few exceptions, the organization is no longer subject to u.s. Federal, state and local income tax examinations by taxing authorities for all years before 2012.

Raw XML AppendixShowing 400 of 447 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0695747
IRS990/PYOtherRevenueAmt01386
IRS990/PYProgramServiceRevenueAmt02150949
IRS990/PYRevenuesLessExpensesAmt0116038
IRS990/PYSalariesCompEmpBnftPaidAmt01477968
IRS990/PYTotalExpensesAmt02173715
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02289753
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0131203
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt055718
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02900197
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt02
IRS990ScheduleA/SupportedOrganizationsTotalCnt02
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0455446616
IRS990ScheduleA/SupportedOrgInformationGrp/EIN1233040987
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd11
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd12
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0PHILADELPHIA CHARTER SCHOOL FOR ARTS & SCIENCES
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1PHILADELPHIA PERFORMING ARTS CHARTER SCHOOL
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt095666
IRS990ScheduleD/EquipmentGrp/DepreciationAmt052889
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0148555
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02768994
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt016317
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt033845
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt050162
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09954
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt167894
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt25883
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED RENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED REVENUE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SECURITY DEPOSIT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02900197
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION FOLLOWS ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FASB ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION. AS OF JUNE 30, 2015 AND 2014, THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFIED FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, THE ORGANIZATION HAD NO INTEREST OR PENALTIES RELATED TO INCOME TAXES. THE ORGANIZATION FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND IN VARIOUS STATE AND LOCAL JURISDICTIONS. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR ALL YEARS BEFORE 2012.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0111983
IRS990ScheduleD/TotalExpensesPerForm990Amt02768994
IRS990ScheduleD/TotalLiabilityAmt083731
IRS990ScheduleD/TotalRevenuePerForm990Amt02900197
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02900197
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02768994
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0184889
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1149641
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt08572
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt16937
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt024196
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt122091
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ANGELA COROSANITE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1J JASON COROSANTIE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1COO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0217657
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1178669
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0ANGELA COROSANITE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0FORMER CEO OF PHILADELPHIA PERFORMING ARTS CS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0184889
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MANAGEMENT FEES
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ANGELA COROSANITE, CEO OF STRING THEORY SCHOOLS IS THE FORMER CEO OF PHILADELPHIA PERFORMING ARTS CS. ANGELA COROSANITE AND HER SON J. JASON COROSANITE ARE THE CEO AND COO OF STRING THEORY SCHOOLS. IN ADDITION, ANGELA'S BROTHER-IN-LAW. THOMAS COROSANITE IS THE DIRECTOR OF FACILITIES, CONSTRUCTION AND SECURITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LINE 11A EXPLANATION - PAID PREPARER PRESENTS THE IRS FORM 990 TO THE BOARD OF TRUSTEES AND WALKS THEM THROUGH THE FORM AND ASKS THAT THEY REVIEW THE FORM IN DETAIL PRIOR TO SIGNING AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION REVIEWS STATEMENTS OF FINANCIAL INTEREST THAT ARE FILED BY EACH BOARD MEMBER ON AN ANNUAL BASIS FOR ANY POTENETIAL CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SURVEY IS DONE OF ORGANIZATIONS THAT ARE SIMILIAR IN NATURE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01132816
IRS990/TotalAssetsEOYAmt01213378
IRS990/TotalAssetsGrp/BOYAmt01132816
IRS990/TotalAssetsGrp/EOYAmt01213378
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt025
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02768994
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02768994
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0275105
IRS990/TotalLiabilitiesEOYAmt0224464
IRS990/TotalLiabilitiesGrp/BOYAmt0275105
IRS990/TotalLiabilitiesGrp/EOYAmt0224464
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0857711
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0988914
IRS990/TotalOtherCompensationAmt061796
IRS990/TotalProgramServiceRevenueAmt02844479
IRS990/TotalReportableCompFromOrgAmt0334530
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02900197
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02900197
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00

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