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FESTIVAL OF CHEER INC

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Tax-exempt status may be revoked

FESTIVAL OF CHEER INC

EIN 81-3492217 · Fairs (N52)

What they do

FESTIVAL of CHEER, INC. ENRICHES LIVES THROUGHOUT THE MID-ATLANTIC REGION BY CREATING CULTURAL EVENTS and HEALTH RELATED ACTIVITIES THROUGHOUT THE DELAWARE BEACH RESORT AREA and INCREASING PHILANTHROPIC SUPPORT for ORGANIZATIONS SUPPORTING THE NEEDS of THOSE RESIDING IN and VISITING SUSSEX COUNTY, DELAWARE. THE SPECIFIC OBJECTIVES ARE: 1.) to PRODUCE AN ANNUAL HOLIDAY FESTIVAL FOCUSING ON ARTS and ENTERTAINMENT, DINING, and HEALTH and WELLNESS; 2.) to COLLABORATE WITH VARIOUS ORGANIZATIONS to CREATE AUXILIARY FUNDRAISING EVENTS; 3.) to PROVIDE OPPORTUNITIES for PARTICIPANTS to ENGAGE IN RECREATIONAL and COMPETITIVE ATHLETIC and CULTURAL EVENTS; 4.) to SUPPORT THE COMMUNITY VIA THE FESTIVAL of CHEER COMMUNITY INVESTMENT FUND, WHICH AWARDS FINANCIAL SUPPORT to ORGANIZATIONS FOCUSED ON IMPROVING THE LIVES of INDIVIDUALS RESIDING IN SUSSEX COUNTY; and 5.) to SUPPORT THE COMMUNITY VIA THE FESTIVAL of CHEER CARING HANDS FUND, WHICH AWARDS FINACIAL SUPPORT to THOSE EXPERIENCING HARDSHIP.

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This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2019The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders5 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

73.47%of revenue went to mission work99.3% of expenses · Program services
$74.00spent for every $100 of revenueRevenue covered expenses this year.
0.53%of revenue went to management and office costs0.7% of expenses
$1.28in assets for every $1 spent this yearSome assets cannot be spent right away.
31.8%of its money came from giftsOther money may come from services or investments.

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Money

Financial picture

Tax year 2019

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$668,503
Mission workProgram services$491,13373.47% of revenue99.3% of expenses
ManagementOffice and general costs$3,5460.53% of revenue0.7% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$173,82426.00% of revenueShown in gray on the chart
Total expenses$494,67974.00% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2019CurrentExpense mix: 99.3% mission · 0.7% management · 0.0% fundraisingTotal expenses: 74.00% of revenue
2018Expense mix: 94.7% mission · 5.3% management · 0.0% fundraisingTotal expenses: 53.63% of revenue
2017Expense mix: 97.3% mission · 2.7% management · 0.0% fundraisingTotal expenses: 119.57% of revenue

Money in and money out

Revenue$668,503
Expenses$494,679
Annual surplus $173,824 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$491,133 · 99.3% of expenses
Management and office costs$3,546 · 0.7% of expenses
See all reported dollar amounts
Revenue$668,503
Expenses$494,679
Assets$633,363
Income$668,503
Contributions$212,444
Mission work (program services)$491,133
Grants given$61,500
Average grant$30,750
Management and general$3,546
People

Leadership and board

Tax year 2019

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (5)

AMY MAULTSECRETARY

BRITTANY DANAHYVICE PRESIDE

DIANA MONTGOMERYDIRECTOR

HENRY ROSENBERGVP & TREASUR

JOHN SNOWPRESIDENT

About this charity

Location
113 DICKINSON STREET, DEWEY BEACH, DE 19971
County
Sussex
In care of
HENRY ROSENBERG
Primary officer
HENRY ROSENBERG, VP & TREASURER

How to reach them

Filing and classification

Latest tax year
2019
Tax period began
January 1, 2019
Return type
990
Tax preparer
FAW CASSON & CO LLP
NTEE classification
Fairs (N52)
IRS tax category
Fairs
Grant-giving organization
Yes
Revocation date
May 15, 2023

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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