Cheerful Inc
- Assets
- $77.9k
- Revenue
- $344.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Auburn, ME
- Founding
- 08/2016
- Data as of
- 12/2022
- EIN
- 81-3470281
Organization Overview
Cheerful Inc, operating under the name Goodworld Impact Fund, is located in Auburn, ME. The organization was established in 2016. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodworld Impact Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS A NON-PROFIT ORGANIZATION ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1954, AS AMENDED, OR THE CORRESPONDING PROVISIONS OF ANY SUBSEQUENT FEDERAL TAX LAW. THE PURPOSES FOR WHICH THIS CORPORATION IS ORGANIZED INCLUDE: TO RECEIVE AND GRANT FUNDS TO PUBLIC CHARITIES AND EQUIVALENT PROJECTS AND ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAVE UKRAINE FUND WAS A FISCALLY SPONSORED PROJECT TO PROVIDE HUMANITARIAN AID TO UKRAINIANS IN THE WAKE OF THE INVASION. THIS PROJECT RAISED OVER $120K AND SUPPLIED FOOD, WINTER CLOTHES, AND TRANSPORTATION TO THOSE IN NEED.
MARSHALL FIRE RELIEF
MURALS FOR GOOD IS A FISCALLY SPONSORED PROJECT LED BY MEI SIU. ITS MISSION IS TO CREATE 5 OR MORE MURALS IN NYC TO RAISE AWARENESS ABOUT RACIST INCIDENTS WHILE CELEBRATING THE RICH RACIAL, CULTURAL AND ETHNIC DIVERSITY OF THE UNITED STATES. FOR ITS FIRST CHAPTER, MURALSFORGOOD AIMS TO ENRICH NYC NEIGHBORHOODS WITH MURAL ART THAT PROMOTES AWARENESS ABOUT THE RECENT SURGE OF ASIAN AMERICAN PACIFIC ISLANDERS (AAPI) HATE CRIMES WHILE CELEBRATING AAPI HISTORY AND CULTURE.
DISBURSEMENT OF CORPORATE MATCHING DONATIONS AND ELECTED INDIVIDUAL CHARITABLE DONATIONS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Kendall President | Officer | 2 | $0 |
Chea Davis Treasurer | Officer | 0 | $0 |
Bailey Lindgren Secretary | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $344,016 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $344,016 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $344,016 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $132,807 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $106,863 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,363 |
| Fees for services: Accounting | $840 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,000 |
| Advertising and promotion | $5,970 |
| Office expenses | $608 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $580 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $8,925 |
| Total functional expenses | $266,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,876 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $77,876 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $77,876 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $77,876 |