8 Cents in a Jar Inc

EIN: 813359383 501(c)(3) Human Services

Apopka, FL

Total Revenue
$392,408
Total Expenses
$325,657
Total Assets
$457,545
Net Assets
$453,581
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
FL
Principal Officer
Lashea Reaves
Phone
4078019688
Tax Period
2025-01-01 to 2025-12-31

8 Cents in a Jar Inc, founded in 2016, is a small nonprofit in the Human Services sector that reported $392K in total revenue in fiscal year 2025. Revenue decreased 20% compared to the prior year. The organization ran a surplus of $67K, a strong 17% operating margin.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $299,392

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...

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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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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $392,408
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $392,408

Expense Breakdown

Grants Paid $0
Salaries & Benefits $204,896
Fundraising Expenses $877
Program Expenses $299,392
Other Expenses $120,761
TOTAL EXPENSES $325,657

Year-over-Year Comparison

2025 2024 Change
Revenue $392,408 $487,621 -0.2%
Expenses $325,657 $423,214 -0.2%
Net Income $66,751 $64,407 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
12
Independent Members
N/A
Employees
4
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jamara Wilson Chairman 8.00
Director
$0 $0 $0
Charline Charles-Whittaker Trustee 8.00
Director
$0 $0 $0
Trimeshia Smiley Trustee 8.00
Director
$0 $0 $0
Njeri Gichia-Broussard Trustee 5.00
Director
$0 $0 $0
Clifford Marvin Director 8.00
Director
$0 $0 $0
Danisha Duncan-Phillips Secretary 8.00
Director
$0 $0 $0
Kendal O'Neal Treasurer 8.00
Director
$0 $0 $0
Patrick Eichholtz Director 8.00
Director
$0 $0 $0
Shannon Latimar Director 8.00
Director
$0 $0 $0
Shelley Brage-Merida Director 8.00
Director
$0 $0 $0
Spencer Hawthorne Director 8.00
Director
$0 $0 $0
Lashea Reaves President 20.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $392,408 $325,657 $457,545 $66,751
2024 $487,621 $423,214 $428,766 $64,407
2023 $346,375 $213,690 $366,565 $132,685
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