Public Charity

STRING THEORY CORPORATION

STRING THEORY CORPORATION, of PHILADELPHIA, PA, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $1.6M in revenue, $1.3M in expenses, $1.1M in total assets. 1 publicly reported grants to this organization, totaling roughly $700K, appear in IRS filings.

EIN: 871893842 PHILADELPHIA, PA Two-Year Colleges NTEE: B41 Latest filing: 2025

Total Revenue$1.6M

Total Expenses$1.3M

Total Assets$1.1M

Grant Records1

Funding Total$700K

Filing Years2022–2025

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.

Sample Grants Received

STRING THEORY SCHOOLS

2021

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

PRESIDENT David Raezer

BOARD MEMBER Dr William Carr

PRESIDENT J Jason Corosanite

TREASURER Joann Stio

SECRETARY Karl Wellman

VICE PRESIDENT Norman Balchunas Jr

Officer compensation and complete director data available with membership.

Top Grant Purposes

$700,000 1 grant

Financial Trends

Year	Revenue	Expenses	Assets
2025	$1.6M	$1.3M	$1.1M
2024	$14K	$40K	$673K
2023	$6K	$3K	$700K
2022	$700K	$5K	$695K

Between 2022 and 2025, reported annual revenue grew from $700K to $1.6M (+128%), with total assets most recently reported at $1.1M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for STRING THEORY CORPORATION

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Full Financial History Complete Grant Activity Officer Compensation Year-over-Year Charts Geographic Grant Map Data Exports