Cheers Foundation
- Assets
- $108.4k
- Revenue
- $36.5k
- Investments
- $37.5k
- Employees
- 0
- Location
- Saratoga, CA
- Founding
- 01/2011
- Data as of
- 09/2023
- 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 09/2023, Cheers Foundation generated $36.5k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $35.4k during the year ending 09/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE CONVENED ON THE VESSEL TO CONDUCT PRACTICE SESSIONS IN PREPARATION FOR THE RESUMPTION OF PATROLS DUE TO ILLNESS OF THE CAPTAIN
WE PERFORMED 6 BAY AREA COSTAL EXCURSIONS IN THE BAY TO DEVELOP AN APPRECIATION OF THE BAY AND COAST LINE TO FOSTER ENVIRONMENTAL AWARENESS
DROVE 2395 MILES AND PROVIDED 241 HOURS IS SUPPORT OF FLOTILLA 113-04-09 AND THE COAST GUARD ATHORITY PROGRAMS
MAINTAINED 43 FOOT TWIN DESIL MOTOR YACHT AS COAST GUARD FACILITY FOR FUTURE USE AND EMERGENCY USE IF REQUIRED BY THE COAST GUARD
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $36,509 |
| 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 | $36,509 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $34,535 |
| Total operating and administrative expenses | $35,435 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $35,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,426 |
| 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 | $108,426 |
| 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 |