Overview
What is Virginia Repertory Theatre?
Virginia Repertory Theatre, also known as Theatre Iv and Barksdale Theatre, is a nonprofit professional theater located in Richmond, Virginia. With a mission to entertain, challenge, and uplift communities, they present a variety of dramas, comedies, and musicals, showcasing the unique power of live theater. During the school year, their national program, Virginia Rep on Tour, produces and presents eighteen to twenty-four instructional programs using theater to support students' studies across various curriculums in grades K-12. Before the COVID-19 pandemic, these performances were presented in every school district in Virginia and numerous states across the U.S. Employing 108 individuals, Virginia Repertory Theatre is dedicated to artistic excellence, professionalism, and community engagement.
Official website here: www.va-rep.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Virginia Repertory Theatre, operating under the names Theatre IV and Barksdale Theatre, has achieved an impressive 96% score from Charity Navigator, reflecting strong accountability and financial health. The organization has demonstrated a commitment to ethical governance, as evidenced by its fully independent board and comprehensive policies on conflict of interest, whistleblowing, and document retention.
Financially, the theater excels with a high program expense ratio of 74.86%, indicating that the majority of its expenditures support its programs rather than administrative costs. Additionally, it maintains commendable fundraising efficiency, requiring only $0.07 to raise a dollar, showcasing effective resource management. The organization has also ensured oversight, with no material diversions of assets reported.
While the overall ratings are highly favorable, it's noteworthy that the liabilities to assets ratio stands at 34.31%, which may raise some concerns about long-term financial stability. However, the working capital ratio of 1.64 years suggests a solid buffer for meeting financial obligations. Overall, Virginia Repertory Theatre demonstrates robust performance in both governance and financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Virginia Repertory Theatre legitimate?
Virginia Repertory Theatre is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Repertory Theatre submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,195,659
For more financial information, click here
Official website here: www.va-rep.org
What is the mission statement of Virginia Repertory Theatre?
Virginia Repertory Theatre, also known as Theatre Iv and Barksdale Theatre, is a non-profit professional theater organization. Its mission is to engage, enthrall, educate, and inspire communities through the power of live theatre. The theatre presents a variety of national caliber productions, ranging from dramas and comedies to musicals, both past and present. Virginia Repertory Theatre is committed to artistic excellence and professionalism in the arts, education, children's health, and community leadership. During each school year, their educational program, Virginia Rep on Tour, produces and presents instructional theatre performances to support students' studies across various curriculums in grades K-12. Prior to the COVID-19 shutdown, Virginia Rep on Tour had performed or was scheduled to perform in thirty-two states and the District of Columbia.
Official website here: www.va-rep.org
What is the revenue of Virginia Repertory Theatre?
Virginia Repertory Theatre's revenue in 2024 was $5,458,663.
Official website here: www.va-rep.org
Who are the executives of Virginia Repertory Theatre and what are their salaries?
The average compensation at Virginia Repertory Theatre during 2024 was $16,634. There are 132 employees and 182 volunteers at Virginia Repertory Theatre.
Here are 16 key members and their salaries:
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- Compensation: $83,428
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Official website here: www.va-rep.org
Where can I find the form 990 for Virginia Repertory Theatre?
Virginia Repertory Theatre's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.va-rep.org
Learn more at the official website: www.va-rep.org
Mission Statement of Virginia Repertory Theatre
Virginia Repertory Theatre, a renowned nonprofit organization, is dedicated to enriching and inspiring communities through the captivating power of live theatre. Based on their mission statement, this esteemed theater aims to entertain, provoke thought, and uplift its audience, utilizing national-caliber productions of dramas, comedies, and musicals from past, present, and future. Virginia Repertory Theatre is committed to showcasing the unique ability of theatre to engage, captivate, educate, and inspire, while maintaining a high standard of artistic excellence and professionalism in the performing arts, education, children's health, and community leadership. During each school year, the theatre's educational program, Virginia Rep on Tour, produces and presents instructional performances using theatre as a tool to support students' studies across various curriculums, from kindergarten to twelfth grade. Prior to the COVID-19 shutdown in March 2020, Virginia Rep on Tour had presented or was scheduled to perform in thirty-two states and the District of Columbia, reaching every school district in Virginia.
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Impact
July, 2024
Virginia Repertory Theatre, also known as Theatre IV and Barksdale Theatre, has a significant impact on the community through its professional theater productions based in Richmond, Virginia. The theater's mission to entertain, challenge, and uplift communities through the power of live theater plays a crucial role in promoting artistic excellence and professionalism in the arts.
Furthermore, Virginia Repertory Theatre's educational outreach program, "Virginia Rep on Tour," is instrumental in using theater to support students' studies across various curriculums in grades K-12. By presenting touring instructional programs in schools across the Commonwealth of Virginia and beyond, Virginia Rep on Tour is able to engage, educate, and inspire students through the art of theater.
Overall, Virginia Repertory Theatre's impactful contributions extend beyond the stage to encompass community leadership, artistic education, and children's health, making it a valuable cultural asset in Richmond and beyond.
This information is meant to be a general summary of Virginia Repertory Theatre. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $19,290
- Program Service Revenue: $2,980,069
- Gross Receipts: $5,573,014
Assets and Liabilities:
- Total Assets: $6,750,536
- Total Liabilities: $2,119,852
- Net Assets: $4,630,684
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$1,615,114
TOUR SHOW REVENUE
Revenue
$685,949
UNIVERSITY PARTNERSHIP
Revenue
$197,400
MISCELLANEOUS
Revenue
$191,684
TESSITURA FEE REVENUE
Revenue
$109,534
Organization Details
Founding Year
1975
Principal Officer
Mr Philip J Whiteway
Website
www.va-rep.orgNTEE Category
Code: A65Z - Arts
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