Liabilities / Assets
71st percentile
Higher debt load relative to assets than 71% of similar nonprofits.
EIN 81-3359383 • 501(c)3 • Apopka, FL
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.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
71st percentile
Higher debt load relative to assets than 71% of similar nonprofits.
Liabilities / Revenue
73rd percentile
Higher debt load relative to revenue than 73% of similar nonprofits.
Net Margin
68th percentile
Higher net margin than 68% of similar nonprofits.
Top Officer Pay
84th percentile
Higher top officer pay than 84% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
82nd percentile
Faster asset growth than 82% of similar nonprofits.
Revenue Growth
83rd percentile
Faster revenue growth than 83% of similar nonprofits.
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
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| 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 |
| Name | Title |
|---|---|
| Jamara Wilson | Chairman |
| Lashea Reaves | President |
| Clifford Marvin | Director |
| Danisha Duncan-Phillips | Director |
| Kendal O'Neal | Director |
| Patrick Eichholtz | Director |
| Shannon Latimar | Director |
| Charline Charles-Whittaker | Trustee |
| Njeri Gichia-Broussard | Trustee |
| Trimeshia Smiley | Trustee |
| Line Item | Amount |
|---|---|
| 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 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| 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 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Disqualified Persons | - | $0 | - |
| Receivables from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
“No review was or will be conducted.”
“No documents available to the public.”
“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.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/ActivityOrMissionDesc | 0 | 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. |
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| IRS990/AdvertisingGrp/TotalAmt | 0 | 38818 |
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| IRS990/CYRevenuesLessExpensesAmt | 0 | 64407 |
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| IRS990/CYTotalExpensesAmt | 0 | 423214 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 15365 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
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| IRS990/Desc | 0 | 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. |
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| IRS990/FederalGrantAuditRequiredInd | 0 | false |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | Danisha Duncan-Phillips |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | Patrick Eichholtz |
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| IRS990/MissionDesc | 0 | 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. |
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| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 417970 |
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| IRS990/NondeductibleContributionsInd | 0 | false |
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| IRS990/OccupancyGrp/TotalAmt | 0 | 8070 |
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| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 4452 |
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| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | Contractors |
| IRS990/OtherExpensesGrp/Desc | 1 | Supplies |
| IRS990/OtherExpensesGrp/Desc | 2 | Technology System and Software |
| IRS990/OtherExpensesGrp/Desc | 3 | Fundraising Expenses |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 15365 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 7853 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 193143 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 29840 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 9782 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 193143 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 29840 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 17635 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 15365 |
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| IRS990/PrincipalOfficerNm | 0 | Lashea Reaves |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | No review was or will be conducted. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | No documents available to the public. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Section B, Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Section C, Line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Program Services Information |
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| IRS990/USAddress/AddressLine1Txt | 0 | PO Box 8 |
| IRS990/USAddress/CityNm | 0 | Apopka |
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| IRS990/WebsiteAddressTxt | 0 | www.8cents.org |
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| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
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| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Lashea Reaves |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Chairman |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-07-13 |
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| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Milford Consulting LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 4327 S Hwy 27 Suite 419 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Clermont |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | FL |
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| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3529012573 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Edmund Milford CPA |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2025-07-13T17:43:05-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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