Civic Intelligence

8 Cents in a Jar Inc.

EIN 81-3359383 • 501(c)3 • Apopka, FL

Pub. 78 Eligible990-N Coverage

Profile

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.

PO Box 8Apopka, FL 32704

www.8cents.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

71st percentile

0.03x

Higher debt load relative to assets than 71% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

73rd percentile

0.02x

Higher debt load relative to revenue than 73% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

68th percentile

13%

Higher net margin than 68% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

82nd percentile

32%

Faster asset growth than 82% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2024

Revenue Growth

83rd percentile

42%

Faster revenue growth than 83% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2024

Assets

Up

$428,766

Up $62,201 (+17%) from 2023

Liabilities

Down

$10,796

Down $2,206 (-17%) from 2023

Net Assets

Up

$417,970

Up $64,407 (+18%) from 2023

Revenue

Up

$487,621

Up $141,246 (+41%) from 2023

Expenses

Up

$423,214

Up $209,524 (+98%) from 2023

Net Income

Down

$64,407

Down $68,278 (-51%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2020: $65,405Liabilities 2020: $9,335Net Assets 2020: $56,0702020Assets 2021: $186,495Liabilities 2021: $10,170Net Assets 2021: $176,3252021Assets 2022: $240,932Liabilities 2022: $18,234Net Assets 2022: $222,6982022Assets 2023: $366,565Liabilities 2023: $13,002Net Assets 2023: $353,5632023Assets 2024: $428,766Liabilities 2024: $10,796Net Assets 2024: $417,9702024

Highlighted filing

2024

Assets$428,766
Liabilities$10,796
Net Assets$417,970

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0Revenue 2020: $73,434Expenses 2020: $28,887Net Income 2020: $44,5472020Revenue 2021: $168,985Expenses 2021: $48,730Net Income 2021: $120,2552021Revenue 2022: $187,221Expenses 2022: $140,848Net Income 2022: $46,3732022Revenue 2023: $346,375Expenses 2023: $213,690Net Income 2023: $132,6852023Revenue 2024: $487,621Expenses 2024: $423,214Net Income 2024: $64,4072024

Highlighted filing

2024

Revenue$487,621
Expenses$423,214
Net Income$64,407

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 13, 2025
Return Version
2024v5.2
Gross Receipts
$487,621
Mission and Program Overview

Mission

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.

Enlighten youth from under-resourced communities with financial life skills and resources to prevent poverty and rise to a higher economic position. Our impact at 8 Cents in a Jar has produced more financially capable students as they enter adulthood and allow them to climb the socioeconomic ladder (from lower class to middle income). For the first time in the students' family's history, the reliance on applying for public assistance has diminished, and a reality of economic inclusion is within reach.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$366,564$389,847▲ $23,283
Accounts Receivable-$38,919-
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$366,565$428,766▲ $62,201
Other Assets Total$1$0▼ $1
Liabilities
Accounts Payable and Accrued Expenses$13,002$10,796▼ $2,206
Total Liabilities$13,002$10,796▼ $2,206
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$353,563$417,970▲ $64,407
Total Net Assets Fund Balance$353,563$417,970▲ $64,407
Total Liabilities and Net Assets / Fund Balance$366,565$428,766▲ $62,201
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$487,621
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$487,621
Change in Net Assets
$64,407
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$402,975
Salaries, Compensation, and Employee Benefits$20,239
Total Fundraising Expense$15,365
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other-$60,096-$60,096
Advertising$38,818--$38,818
Other Salaries and Wages$20,239--$20,239
All Other Expenses$13,484$5,192-$18,676
Other Expenses$9,782$7,853$15,365$15,365
Occupancy$8,070--$8,070
Fees for Services Accounting-$7,025-$7,025
Insurance-$6,478-$6,478
Office Expenses-$4,452-$4,452
Travel$3,377--$3,377
Total Functional Expenses$316,753$91,096$15,365$423,214
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

No review was or will be conducted.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
8 Cents in a Jar Inc
EIN
81-3359383
Phone
4078019688
Address
PO Box 8, Apopka, FL 32704

Signing Officer

Name
Lashea Reaves
Title
Chairman
Signed
2025-07-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lashea Reaves
Formed
2016
Legal Domicile
Fl
Voting Board Members
10
Independent Board Members
0
Employees
4

Preparer

Firm
Milford Consulting LLC
Address
4327 S Hwy 27 Suite 419, Clermont, FL 34711
Preparer
Edmund Milford CPA
Phone
3529012573
Supplemental Narrative

Additional Explanations

Program Services Information

8 Cents in a Jar works to diminish generational poverty by equipping youth from under-resourced communities with financial education and tools that promote upward mobility and long-term wealth attainment. Our vision is to transform youth into financially independent adults, fostering resilience in their families and communities. At the heart of our mission is the belief in building a pipeline of economic succession through financial education. Using our "Coin Components of Change" approach?an integration of personal finance, socioeconomics, and financial social work?we empower students to shift their financial behaviors, establish goals, and gain access to opportunities that enhance financial wellness and inclusion. Our programs are designed to meet the needs of students at different stages of development, offering interactive, culturally relevant, and practical learning experiences. Our eight signature programs include: Careers and Currency: Degree Not Required / High School Hustlers & Affluent Adults Live experiences designed to spark students' interest in financial and career pathways through real-world interaction and exposure. Change Academy: Home Hacks Offers additional learning resources tailored for students, educators, and homeschoolers seeking foundational personal finance knowledge. Cents Academy: Coin Creator An intensive program that equips student entrepreneurs with the skills to launch and scale profitable, purpose-driven businesses. Student Stock Market Challenge: Investment Club Helps students understand the fundamentals of investing and risk management through hands-on trading and simulation. Senior Saturday of Savings: Economics Connects high school seniors with senior citizens to teach essential home economics and adulting skills. Community Change Jars: Student Savers A community-supported savings initiative that helps students open their first savings accounts with donated spare change. Teach Students Money Expo: Eightville A large-scale, hands-on learning experience where students engage in real-world financial simulations. Orlando Saves: Behavioral Economics A joint effort with America Saves using behavioral economics and social marketing to help low-to-moderate income families boost savings and reduce debt. Through these dynamic programs, 8 Cents in a Jar continues to make a measurable impact?supporting students in overcoming financial challenges and laying the foundation for generational wealth.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt28 Cents in a Jar works to diminish generational poverty by equipping youth from under-resourced communities with financial education and tools that promote upward mobility and long-term wealth attainment. Our vision is to transform youth into financially independent adults, fostering resilience in their families and communities. At the heart of our mission is the belief in building a pipeline of economic succession through financial education. Using our "Coin Components of Change" approach?an integration of personal finance, socioeconomics, and financial social work?we empower students to shift their financial behaviors, establish goals, and gain access to opportunities that enhance financial wellness and inclusion. Our programs are designed to meet the needs of students at different stages of development, offering interactive, culturally relevant, and practical learning experiences. Our eight signature programs include: Careers and Currency: Degree Not Required / High School Hustlers & Affluent Adults Live experiences designed to spark students' interest in financial and career pathways through real-world interaction and exposure. Change Academy: Home Hacks Offers additional learning resources tailored for students, educators, and homeschoolers seeking foundational personal finance knowledge. Cents Academy: Coin Creator An intensive program that equips student entrepreneurs with the skills to launch and scale profitable, purpose-driven businesses. Student Stock Market Challenge: Investment Club Helps students understand the fundamentals of investing and risk management through hands-on trading and simulation. Senior Saturday of Savings: Economics Connects high school seniors with senior citizens to teach essential home economics and adulting skills. Community Change Jars: Student Savers A community-supported savings initiative that helps students open their first savings accounts with donated spare change. Teach Students Money Expo: Eightville A large-scale, hands-on learning experience where students engage in real-world financial simulations. Orlando Saves: Behavioral Economics A joint effort with America Saves using behavioral economics and social marketing to help low-to-moderate income families boost savings and reduce debt. Through these dynamic programs, 8 Cents in a Jar continues to make a measurable impact?supporting students in overcoming financial challenges and laying the foundation for generational wealth.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
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