Vivid Cheers Inc
- Assets
- $3.2m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- Data as of
- 12/2022
- EIN
- 85-3838910
Organization Overview
Vivid Cheers Inc is located in Chicago, IL. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vivid Cheers Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2022, Vivid Cheers Inc has awarded 11 individual grants totaling $246,744. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stanley Chia Chair - Director | 2 | $0 | |
Lawrence Fey Secretary - Treasurer Director | 2 | $0 | |
Sarah Doll Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,886,635 |
| Interest on Savings | $2,894 |
| 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 | $1,889,529 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12 |
| Total operating and administrative expenses | $54,026 |
| Contributions, gifts, grants paid | $246,744 |
| Total expenses and disbursements | $300,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,158,521 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,158,521 |
| 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 |
Grants Awarded
Over the last fiscal year, Vivid Cheers Inc has awarded $246,744 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
BRAVE SPACE ALLIANCE PURPOSE: GENERAL | $3,072 |
MAKE-A-WISH FOUNDATION OF AMERICA PURPOSE: GENERAL | $113,239 |
CAFAMERICA PURPOSE: GENERAL | $2,500 |
INTERNATIONAL RESCUE COMMITTEE PURPOSE: GENERAL | $50,000 |
MENTAL HEALTH ASSOCIATION OF GREATER CHICAGO PURPOSE: GENERAL | $5,000 |
PFLAG NATIONAL PURPOSE: GENERAL | $2,500 |