CORNERSTONE ACADEMY OF PERFORMING ARTS I INC DBA CENTRAL ILLINOIS BALLET

EIN: 454443676 501(c)(3) Arts, Culture & Humanities

PEORIA, IL

Total Revenue
$214,660
Total Expenses
$231,885
Total Assets
$41,320
Net Assets
$-61,980
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
IL
Principal Officer
LAUREL FILZEN ETZEL
Phone
3097131985
Tax Period
2023-01-01 to 2023-12-31

CORNERSTONE ACADEMY OF PERFORMING ARTS I INC DBA CENTRAL ILLINOIS BALLET, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $215K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

The mission of Cornerstone Academy is to offer the highest quality of instruction in the art of dance and movement available in Downstate Illinois. As Downstate Illinois' only professional ballet company, we strive to present professional ballet and dance performances to an area in Illinois that is greatly under served in these opportunities. The organization hopes to increase awareness of the art of dance and movement in the area, as well as positively impact the quality of life for residents of Downstate Illinois.

Program Service Accomplishments

Program 1
Expenses: $231,885 Revenue: $182,442

Cornerstone Academy and Central Illinois Ballet provided professional dance education and professional dance performance to over 5,000 residents of Central Illinois.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $32,218
Program Service Revenue $178,335
Investment Income $13
Other Revenue $4,094
TOTAL REVENUE $214,660

Expense Breakdown

Grants Paid $0
Salaries & Benefits $87,111
Fundraising Expenses $0
Program Expenses $231,885
Other Expenses $144,120
TOTAL EXPENSES $231,885

Year-over-Year Comparison

2023 2022 Change
Revenue $214,660 $234,562 -0.1%
Expenses $231,885 $256,637 -0.1%
Net Income $-17,225 $-22,075 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
6
Employees
14
Volunteers
80

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$15,000
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSHUA GULLETT FORMER PRESIDENT 5.00
Director
$0 $0 $0
REBEKAH VON RATHONYI ARTISTIC DIRECTOR/TREASURER 40.00
Officer
$15,000 $0 $15,000
DOUGLAS COARTNEY MEMBER 0.00
Officer
$0 $0 $0
LAUREL KAY FILZEN ETZEL CURRENT PRESIDENT 0.00
Officer
$0 $0 $0
BETHANY PAPPALARDO MEMBER 0.00
Officer
$0 $0 $0
JALEESHA ALLEN MEMBER 0.00
Officer
$0 $0 $0
DEBORAH GARRISON MEMBER 0.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $214,660 $231,885 $41,320 $-17,225
2022 $234,562 $256,637 $57,876 $-22,075
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