8 Cents In A Jar Inc
- Assets
- $366.6k
- Revenue
- $346.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Apopka, FL
- Founding
- 08/2016
- Data as of
- 12/2023
- EIN
- 81-3359383
Organization Overview
8 Cents In A Jar Inc is located in Apopka, FL. The organization was established in 2016. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 8 Cents In A Jar Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, 8 Cents In A Jar Inc generated $346.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 47.4% each year . All expenses for the organization totaled $213.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROVIDE STUDENTS IN MARGINALIZED COMMUNITIES OF COLOR WITH ENGAGING RESOURCES AND CAPITAL TO BECOME FINANCIALLY CAPABLE. EACH DAY WE ACCOMPLISH OUR MISSION, WE MOVE FORWARD ACHIEVING OUR VISION OF DIMINISHING GENERATIONAL POVERTY USING ECONOMIC EDUCATION AND FINANCIAL CAPABILITY MEASURES AS A CATALYST TO INCREASE UPWARD MOBILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDED IN 2016, 8 CENTS IN A JAR, INC. IS AN AWARD-WINNING 501C3 NONPROFIT ORGANIZATION SERVING THE CENTRAL FLORIDA COMMUNITY TO CREATE OPPORTUNITIES FOR STUDENTS IN MARGINALIZED COMMUNITIES TO ACHIEVE INTERGENERATIONAL MOBILITY THROUGH FINANCIAL EDUCATION. 8 CENTS IN A JAR REPRESENTS A NEW BEGINNING FOR STUDENTS TO SAVE MONEY AND ERADICATE THE CYCLE OF GENERATIONAL POVERTY. OUR OBJECTIVE IS TO EQUIP THE GREATEST POSSIBLE NUMBER OF STUDENTS TO TRANSITION AS A ROLE MODEL FOR FISCAL RESPONSIBILITY, MEASURED IN ECONOMIC AND DEMOGRAPHIC IMPROVEMENT BEHAVIORS CONSISTENT WITH THOSE IN A FINANCIALLY SOUND COMMUNITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lashea Reaves President | Trustee | 20 | $0 |
Jamara Wilson Chairman | Trustee | 8 | $0 |
Charline Charles-Whittaker Trustee | Trustee | 8 | $0 |
Trimeshia Smiley Trustee | Trustee | 8 | $0 |
Kimberly Blaise Banks Vice President | Trustee | 8 | $0 |
Njeri Gichia-Broussard Trustee | Trustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $338,880 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,495 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $346,375 |
| 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 | $346,375 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $1,156 |
| Fees for services: Accounting | $3,955 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $25,534 |
| Office expenses | $29,220 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $835 |
| Travel | $0 |
| 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 | $2,978 |
| All other expenses | $11,132 |
| Total functional expenses | $213,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $366,564 |
| 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 | $1 |
| Total assets | $366,565 |
| Accounts payable and accrued expenses | $13,002 |
| 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 | $13,002 |
| Net assets without donor restrictions | $353,563 |
| 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 | $366,565 |