Cheers Foundation
- Assets
- $107.7k
- Revenue
- $25.3k
- Investments
- $37.5k
- Employees
- 0
- Location
- Saratoga, CA
- Founding
- 01/2011
- Data as of
- 09/2021
- EIN
- 27-3949913
Organization Overview
Cheers Foundation is located in Saratoga, CA. The organization was established in 2011. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cheers Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Cheers Foundation generated $25.3k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $28.3k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED THE 43-FOOT TWIN DIESEL MOTOR YACHT CHEERS FOR USE BY THE UNITED STATES COAST GUARD AUXILIARY FLOTILLA 113-04-09 IN SUPPORT OF COAST GUARD OPERATION
DROVE 2800 MILES AND PROVIDED 290 HOURS IN SUPPORT OF TASKS 1 AND 4 TO PROVIDE GENERAL SUPPORT FLOATILLA AND THE COAST GUARD AUXILIARY
BOAT HAULOUT WITH BOTTOM MAINTENANCE AND PAINTING
4 BAY AREA COASTAL EXCURSIONS WERE PERFORMED IN THE BAY TO DEVELOP AN APPRECIATION OF THE BAY AND COAST FOR PASSENGERS ON BOARD TO FOSTER ENVIRONMENTAL AWAREN
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,349 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25,349 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $7,840 |
| Interest | $0 |
| Taxes | $625 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $397 |
| Printing and publications | $0 |
| Other expenses | $19,416 |
| Total operating and administrative expenses | $28,278 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $28,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,689 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $25,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $64,500 |
| Total assets | $107,689 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
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