Cheers
- Assets
- $399.7k
- Revenue
- $32.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 03/2016
- Data as of
- 12/2023
- EIN
- 81-0692335
Organization Overview
Cheers is located in Richmond, VA. The organization was established in 2016. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cheers is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Cheers generated $32.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.7%) each year. All expenses for the organization totaled $115.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Cheers has awarded 21 individual grants totaling $396,334. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE SOCIAL WELFARE AND COMMON GOOD OF THE PEOPLE OF THE COMMUNITY, OEPRATING EXCLUSIVELY TO HEAL RACIAL DIVISIONS IN FOSTERING A SPIRIT OF UNDERSTANDING AMONG PEOPLE; TO STIMULATE INTEREST IN PUBLIC INTEREST AND POLICY THROUGH PROMOTING THE PRINCIPLES OF GOOD GOVERNMENT AND CITIZENSHIP AND CREATING A FORUM FOR OPEN DIALOG WITH LOCAL LAW ENFORCEMENT; TO CREATE A SAFE RECREATIONAL ATMOSPHERE WHERE PEOPLE CAN TAKE AN ACTIVE INTEREST IN CIVIC, CULTURAL, SOCIAL AND MORAL WELFARE OF THE COMMUNITY, TO PROMOTE GIVING BACK TO THE COMMUNITY, AND TO RAISE THE ETHICAL BAR IN ALL ASPECTS OF THE COMMUNITY, INCLUDING PUBLIC AND PRIVATE, PROFESSIONAL, PERSONAL AND BUUSINESS SETTINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HOSTS MULTIPLE EVENTS EACH WEEK INCLUDING DJ'S AND/OR LIVE BANDS, COMEDY/POETRY AND OPEN MIC NIGHTS, KARAOKE, SPECIAL BOXING/FIGHT NIGHT EVENTS FOR MEMBERS AND THEIR GUESTS AS WELL AS THE COMMUNITY TO "BRING THE NEIGHBORHOOD TOGETHER AND TO FOSTER FELLOWSHIP AND CREATE A SAFE RECREATIONAL ENVIRONMENT. THE ORGANIZATION IS INVOLVED IN DEVELOPING AND HOSTING EVENTS TO FACILITATE CONVERSATION AND "TIME TOGETHER" TO HEAL RACIAL DIVISION AND PROMOTE DIALOGUE WITH LOCAL LAW ENFORCEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Lessin President, Secretary | OfficerTrustee | 20 | $0 |
Charles Lessin Vice-President, Treasurer | OfficerTrustee | 20 | $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 | $25,731 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,731 |
| 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 | $31,976 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $32,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $15,920 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $881 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,772 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,458 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $115,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,726 |
| 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 | $532 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $95,772 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $146,698 |
| Other assets | $0 |
| Total assets | $399,728 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $150,000 |
| Net assets without donor restrictions | $0 |
| 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 | $249,728 |
| Total liabilities and net assets/fund balances | $399,728 |
Grants Awarded
Over the last fiscal year, Cheers has awarded $31,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VIRGINIA CHARITABLE BINGO ASSN PURPOSE: TO PAY FOR LEGAL FEES ASSOCIATED WITH NEW LEGISLATION IN THE VIRGINIA GENERAL ASSEMBLY, AND TRAVEL TO VARIOUS CHARITIES TO EXPLAIN LEGISLATION, THAT WILL BENEFIT CHARITABLE GAMING | $25,000 |
RICHMOND LODGE NO 1 OF THE GOOD LIONS PURPOSE: COMMUNAL LEGAL EXPENSE TO RECRUIT HEADMASTER FOR JEWISH DAY SCHOOL IN RICHMOND, VA AND PURCHASE OF KOSHER FOOD FOR RELIGIOUS EVENTS | $6,500 |