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Cadence Theatre Company Inc

EIN 80-0493723 · Richmond, VA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair56 out of 100GovernanceGood78 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE MISSION OF CADENCE THEATRE COMPANY IS TO INSPIRE AND EDUCATE OUR COMMUNITY BY DEVELOPING TALENT AND PRESENTING CONTEMPORARY THEATER AND FILM WORKS THAT UPLIFT THE SPIRIT, CHALLENGE THE MIND, AND HONOR BOTH OUR INDIVIDUALITY AND OUR SHARED HUMANITY.

Income
$739,419
Spending
$729,495
Spent on programs
71%
Reserves
0.6 months of spending
Largest source of income
fees for its services, 61%
Employees
2
Volunteers
123
Highest pay
$5,000, director

Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 56 out of 100. Higher than 25% of charities in its peer group (arts and culture, $250k to $1m).

  • Reserves

    4 of 35

    Spendable reserves would cover 0.6 months of spending.

  • Debt

    10 of 20

    It owes 45% of what it owns.

  • Living within its means

    12 of 15

    Income exceeded spending by 1% of income.

  • Income trend

    15 of 15

    Income rose 32% on the year before.

  • Spending floor

    15 of 15

    70% of spending went to programs and raising each dollar of donations cost 16 cents.

Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 78 out of 100. Higher than 61% of charities in its peer group (arts and culture, $250k to $1m).

  • Independent board

    25 of 25

    11 of 11 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)
  1. $393,928 spent. EDUCATION: CADENCE OFFERS A VARIETY OF EDUCATIONAL PROGRAMS, INCLUDING TRAIN PRE-PROFESSIONAL TRAINING PROGRAM, TRAIN COLLEGE AUDITION PREP, CADENCE'S JAMMIN' SUMMER CAMPS, REHEARSAL AND PERFORMANCE PROGRAMS FOR YOUTH AGES 4-14 AND YOUTH AND YOUNG ADULTS AGES 12-19, STAGE WRITE COLLEGE PREP AND WORKFORCE READINESS IN PARTNERSHIP WITH RICHMOND CITY PUBLIC SCHOOLS, THE PSA PROJECT IN PARTNERSHIP WITH RICHMOND CITY PUBLIC SCHOOLS, CUE THE FUTURE PAID INTERNSHIP PROGRAM FOR WORKING AGE YOUTH AND YOUNG ADULTS, AND ACTING CLASSES AND WORKSHOPS FOR ADULT ACTORS. EDUCATIONAL PROGRAMS AT CADENCE ENRICH THE LIVES OF THE YOUTH AND ADULTS WHO PARTICIPATE, HELPING THEM DEVELOP ACTING AND PERFORMANCE SKILLS IN COMMUNITY.
  2. $120,023 spent. PERFORMANCE: SINCE ITS INCEPTION, CADENCE HAS CONSISTENTLY PRODUCED EXCEPTIONAL THEATRE AND FILM PERFORMANCES, INSPIRING AND UPLIFTING WHILE PROMOTING CRITICAL DIALOGUE WITHIN COMMUNITIES. CADENCE ALSO OFFERS A SUMMER REHEARSAL AND PERFORMANCE PROGRAM IN WHICH YOUTH AND YOUNG ADULTS HAVE THE OPPORTUNITY TO REHEARSE AND PERFORM A MUSICAL. THIS PROGRAM SERVES STUDENTS AGES 12-19; IN FY25, THE SUMMER REHEARSAL AND PERFORMANCE PROGRAM INCLUDED A PRODUCTION OF HADESTOWN TEEN. THE FY25 MAINSTAGE THEATRE SEASON INCLUDED TRUE WEST, THE BEST CHRISTMAS PAGEANT: THE MUSICAL, AND SMOKE.

Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending September 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since June 2011.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.