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
Public Charity
STRING THEORY CORPORATION
STRING THEORY CORPORATION, of PHILADELPHIA, PA, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $14K in revenue, $40K in expenses, $673K in total assets. 1 publicly reported grants to this organization, totaling roughly $700K, appear in IRS filings.
EIN: 871893842
PHILADELPHIA, PA
Latest filing: 2024
Total Revenue$14K
Total Expenses$40K
Total Assets$673K
Grant Records1
Funding Total$700K
Filing Years2022–2024
Sample Grants Received
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.
$700,000
Showing up to 5 of 1 total records — full history available with membership.
Officers & Directors
CEO
Angela Corosanite
BOARD MEMBER
David Reazer
BOARD MEMBER
Frank Genther
PRESIDENT
Jason Corosanite
BOARD MEMBER
Joann Stio
BOARD MEMBER
Sandra Miller
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $14K | $40K | $673K |
| 2023 | $6K | $3K | $700K |
| 2022 | $700K | $5K | $695K |
Between 2022 and 2024, reported annual revenue declined from $700K to $14K (-98%), with total assets most recently reported at $673K.
Interactive year-over-year charts and full filing details available with membership.