Prepare the pan: Line a 9x9-inch baking pan with parchment paper, leaving overhang on two sides for easy removal.
Make the crust: In a medium bowl, combine the graham cracker crumbs, sugar, and melted butter. Stir until the mixture resembles wet sand. Press firmly and evenly into the bottom of the prepared pan, using the bottom of a measuring cup to pack it tightly. Refrigerate while you prepare the filling.
Beat the cream cheese: In a large bowl, using an electric mixer on medium speed, beat the softened cream cheese until smooth and creamy, about 2 minutes. Scrape down the sides of the bowl as needed.
Add sugar and flavorings: Add the sifted powdered sugar, mint extract, and vanilla extract. Beat on low speed until combined, then increase to medium and beat until smooth, about 1 minute.
Add the color: If using food coloring, add a small amount of green gel food coloring and beat until evenly distributed. Start with less—you can always add more. Aim for a soft, minty green.
Whip the cream: In a separate large bowl, using an electric mixer with clean beaters, beat the cold heavy cream on medium-high speed until stiff peaks form, about 3-4 minutes.
Fold together: Gently fold about one-third of the whipped cream into the cream cheese mixture to lighten it. Then fold in the remaining whipped cream in two additions, using a gentle folding motion to maintain the fluffy texture.
Fill the crust: Spread the mint cheesecake filling evenly over the prepared crust, smoothing the top with an offset spatula or the back of a spoon.
Chill: Cover with plastic wrap and refrigerate for at least 4 hours or overnight until firm.
Prepare the topping (optional): If adding the whipped cream topping, whip the remaining 1 cup of heavy cream with powdered sugar until stiff peaks form. Spread or pipe over the chilled cheesecake layer.
Garnish, slice, and store: Add your choice of garnish (see Angela's Tips for more ideas). Use the parchment overhang to lift the bars from the pan, then slice into 16 squares with a sharp knife. Store covered in the refrigerator for up to 3 days, or freeze without the whipped cream topping for up to 2 months.