2020-06-29T14:59:42-05:00 2019-06-30 320530003 QUIGLEY & MIRON 3550 WILSHIRE BLVD 1660 LOS ANGELES CA 90010 990 2018-07-01 954493498 CORNERSTONE THEATER COMPANY CORN 2136131700 PO BOX 412587 LOS ANGELES CA 90041 MEGAN WANLASS MANAGING DIRECTOR 2136131700 2020-06-29 ARMEN GRIGORIAN P01582463 2136393550 99.88.83.161 2020-06-29 12:55:57 PD P C1988052032BF7E796496D37049D37B62C620639 D3260DE76A00735DE54FD7A2F23989D34E43A83E 2018 2020-04-17 16:48:07Z MEGAN WANLASS PO BOX 412587 LOS ANGELES CA 90041 1247120 0 X WWW.CORNERSTONETHEATHER.ORG X 1994 CA CORNERSTONE THEATER COMPANY, INC. IS A NON-PROFIT CORPORATION ORGANIZED UNDER THE LAWS OF CALIFORNIA IN 1994. THE COMPANY MAKES NEW PLAYS WITH AND ABOUT COMMUNITIES. BY COMBINING THE ARTISTRY OF PEOPLE WITH MANY LEVELS OF THEATRICAL EXPERIENCE, CORNERSTONE ACTS UPON THE CONVICTION THAT ARTISTIC EXPRESSION IS CIVIC ENGAGEMENT AND THAT ACCESS TO A CREATIVE FORUM IS ESSENTIAL TO THE WELLNESS AND HEALTH OF EVERY INDIVIDUAL AND COMMUNITY. 15 13 26 65 0 0 645613 664485 101863 306101 35888 39531 8441 800 791805 1010917 0 0 0 0 733483 620452 0 0 128744 632517 563241 1366000 1183693 -574195 -172776 1312421 1173963 211569 237508 1100852 936455 X CORNERSTONE SERVES AUDIENCES WITH RESTRICTED AVENUES FOR PARTICIPATING IN AND EXPERIENCING ART AND SEEKS TO DO THIS IN AS WIDE A RANGE OF COMMUNITIES AS POSSIBLE. THROUGH AN INTENSIVE ENGAGEMENT PROCESS OF LISTENING AND EMPOWERING COMMUNITY, THE COMPANY ENVISIONS A MORE EQUITABLE WORLD TRANSFORMED THROUGH THE RECOGNITION THAT EVERY INDIVIDUAL HAS THE CAPACITY FOR ARTISTIC CREATIVITY AND A STORY WORTH TELLING. 0 0 655248 262361 THROUGH THE ARTIST PRACTICE OF COMMISSIONING AND PRODUCING NEW PLAYS, BOTH ORIGINAL WORKS AND CONTEMPORARY ADAPTATIONS OF CLASSICS, WHICH COMBINE THE ARTISTRY OF PROFESSIONAL AND COMMUNITY COLLABORATORS, CORNERSTONE BUILDS BRIDGES BETWEEN DIVERSE COMMUNITIES. A TEAM OF PROFESSIONAL THEATER MAKERS AND CORNERSTONE ENSEMBLE MEMBERS ENGAGE COMMUNITY MEMBERS TO PARTICIPATE IN ALL ASPECTS OF THE PLAY DEVELOPMENT PROCESS, FROM SCRIPT DEVELOPMENT TO PERFORMANCE TO BACKSTAGE SUPPORT. 200859 44540 CORNERSTONE PROVIDES TRAINING PROGRAMS THAT CREATE OPPORTUNITIES FOR BOTH NEW AND ESTABLISHED ARTISTS TO DEEPEN THEIR KNOWLEDGE OF COMMUNITY ENGAGED THEATER. THE TRAININGS RELY ON PARTICIPANTS' INPUT AND CREATIVITY FOR ACTIVITIES AND CONVERSATIONS THAT INCLUDE AN INTRODUCTION TO CORNERSTONE'S THIRTY YEAR HISTORY, HANDS-ON EXERCISES FOR CHOOSING AND ENGAGING COMMUNITIES, STORY GATHERING, SCRIPT WRITING AND ADAPTATION, AUDITIONS, CASTING AND DESIGN. TWO DAY INTENSIVES ARE HELD TWICE A YEAR AT CORNERSTONE LOS ANGELES OFFICE AND THROUGHOUT THE NATION AS TAILORED PROGRAMS TO MEET THE NEEDS OF NONPROFITS, CORPORATIONS AND UNIVERSITIES. 856107 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 34 0 26 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X MEGAN WANLASS 2136131700 PO BOX 412587 LOS ANGELES CA 90041 CLEMENTINE BORDEAUX SECRETARY 5.00 X X 0 0 0 TENA YATROUSSIS DIRECTOR 5.00 X 0 0 0 GENEVIEVE RIUTORT DIRECTOR 5.00 X 0 0 0 MICHELE DEROSA DIRECTOR 5.00 X 0 0 0 MARK VALDEZ TREASURER 5.00 X X 0 0 0 PAULA ELY CHAIR 5.00 X X 0 0 0 MICHAEL JOHN GARCES ARTISTIC DIRECTOR 40.00 X X 87201 0 8226 ELLEN GAVIN DIRECTOR 5.00 X 0 0 0 LINDSAY HOLLISTER DIRECTOR 5.00 X 0 0 0 APRIL IBARRA DIRECTOR 5.00 X 0 0 0 LEE LAWLOR DIRECTOR 5.00 X 0 0 0 MIRIAM PENICHE DIRECTOR 5.00 X 0 0 0 MATTHEW ROWLAND VICE CHAIR 5.00 X X 0 0 0 YOSI SERGANT DIRECTOR 5.00 X 0 0 0 MEGAN WANLASS MANAGING DIRECTOR 40.00 X X 85387 0 11715 172588 0 19941 0 0 0 0 0 230800 433685 664485 ADMISSION & PERFORMANCE FEES 711110 264134 264134 TUITION 611600 41967 41967 306101 14995 14995 800 0 800 800 800 260739 236203 24536 24536 24536 1010917 306901 0 39531 X 192641 134413 24298 33930 354262 300078 846 53338 5764 3226 1420 1118 19312 12387 6925 48473 31507 3393 13573 10300 10300 9593 9593 225453 162132 60437 2884 17379 5030 11167 1182 21922 973 20836 113 76004 73728 2229 47 15038 15038 31725 31725 53267 36062 3708 13497 PRODUCTION COSTS 58557 58530 27 FOOD AND BEVERAGE 39004 36310 1482 1212 MARKETING 4999 1731 2370 898 1183693 856107 198842 128744 212936 147458 345682 280800 6550 12862 447017 357849 120893 89168 613660 630975 12700 12700 1312421 1173963 49504 60552 30277 131788 176956 211569 237508 X -150503 -114777 731355 531232 520000 520000 1100852 936455 1312421 1173963 -172776 8379 0 X X 0 1 X 0 0 X 1520708 1035268 1260213 645613 664485 5126287 1520708 1035268 1260213 645613 664485 5126287 1669550 3456737 33911 17402 18981 11658 14995 96947 5223234 0.66180 0.59310 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 520000 520000 520000 520000 520000 520000 520000 520000 520000 520000 0 0 447017 357849 89168 89168 LINE OF CREDIT 176956 176956 X 1009703 8379 -9593 -1214 1010917 0 1010917 1174100 0 1174100 9593 9593 1183693 PART V, LINE 4: GENERAL SUPPORT FOR THE ORGANIZATION PART X, LINE 2: ACCOUNTING STANDARDS REQUIRE AN ORGANIZATION TO EVALUATE ITS TAX POSITIONS AND PROVIDE FOR A LIABILITY FOR ANY POSITIONS THAT WOULD NOT BE CONSIDERED 'MORE LIKELY THAN NOT' TO BE UPHELD UNDER A TAX AUTHORITY EXAMINATION. MANAGEMENT HAS EVALUATED ITS TAX POSITIONS AND HAS CONCLUDED THAT A PROVISION FOR A TAX LIABILITY IS NOT NECESSARY AT JUNE 30, 2019 OR 2018. GENERALLY, THE COMPANY'S INFORMATION RETURNS REMAIN OPEN FOR EXAMINATION FOR THREE (FEDERAL) OR FOUR (STATE OF CALIFORNIA) YEARS FROM THE DATE OF FILING. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY OUR OUTSIDE AUDITOR. FOLLOWING THE COMPLETION OF A DRAFT OF THE AUDITED FINANCIAL STATEMENTS AND A DRAFT OF FORM 990, THE OUTSIDE AUDITOR MEETS WITH THE FINANCE/AUDIT COMMITTEE TO REVIEW THE FINANICAL STATEMENTS AND FORM 990 TO ASSURE THAT ALL REPRESENTATIONS AND ANSWERS TO ISSUES, COMMENTS AND QUESTIONS ARE ACCURATE. APPROPRIATE REVISIONS ARE MADE TO THE AUDITED FINANCIAL STATEMENTS AND FORM 990 AND THE REVISED DRAFTS ARE GIVEN TO THE FULL BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENTS PRIOR TO PUBLICATION OF THE AUDITED FINANCIAL STATEMENTS AND FILING OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS ARE REQUIRED TO SIGN AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT, AND ARE EXPECTED TO DISCLOSE TO THE CHAIR ANY POTENTIAL CONFLICTS THAT MAY ARISE DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 15 MANAGEMENT IS EVALUATED BY THE BOARD WHO DETERMINES COMPENSATION BASED ON PERFORMANCE, COMPARABLE SALARIES AND THE FINANCIAL CONDITION OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, PAGE 2 EMPLOYER IDENTIFICATION NUMBER 95-4493498 CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST WITHIN NORMAL BUSINESS HOURS AT THE BUSINESS OFFICE. FORM 990, PART IX, LINE 11G ARTISTS AND PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 162,132. MANAGEMENT AND GENERAL EXPENSES 60,437. FUNDRAISING EXPENSES 2,884. TOTAL EXPENSES 225,453. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS IS RESPONSIBLE FOR THE SELECTION OF AN INDEPENDENT AUDITOR AND FOR OVERSIGHT OF THE AUDIT PROCESS. THIS RESPONSIBILITY AND PROCESS IS UNCHANGED FROM THE PRIOR YEAR.