Overview
What is Eightcap Inc?
Eightcap Inc, located at 5827 Orleans Rd, Orleans, MI, 48865, is a dedicated nonprofit organization that collaborates with private, government, and community organizations to address the root causes of poverty and its consequences. Their primary focus is on delivering impactful programs for the betterment of individuals and their communities. Among these programs, Eightcap Inc specifically provides funding and resources from Head Start and Great Start Readiness Programs for medical, dental, nutrition, and educational services to preschool-aged children, ensuring they have access to essential opportunities for growth. With a team of 317 employees, Eightcap Inc continues its mission to alleviate poverty and empower individuals to become self-sufficient.
Official website here: www.eightcap.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
Eightcap Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong accountability and financial management practices. The organization boasts an overall score calculated entirely from its accountability and finance metrics, highlighting its commitment to transparency and responsible stewardship of resources.
The nonprofit excels in several key areas, including an entirely independent board of members and a robust audit and oversight framework. It has implemented comprehensive policies related to conflict of interest, whistleblower protections, and document retention, contributing to its high score in governance. With a program expense ratio of 92.31%, Eightcap Inc effectively allocates the majority of its funds towards its mission-driven programs.
However, there is a slight limitation noted in the form of a liabilities to assets ratio of 51.10%, which, while still strong, could indicate a potential area for financial prudence. Overall, Eightcap Inc's performance indicates a well-managed organization that prioritizes accountability and effective use of its funds.
This AI summary has been generated from information found on Charity Navigator.
Is Eightcap Inc legitimate?
Eightcap Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eightcap Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $225,839
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,324,634
For more financial information, click here
Official website here: www.eightcap.org
What is the mission statement of Eightcap Inc?
Eightcap Inc is dedicated to enhancing the community by partnering with private, government, and community organizations to implement programs that address the root causes of poverty and alleviate its consequences. This enables individuals to attain self-sufficiency. A significant aspect of their work includes providing funding from programs like Head Start and Great Start Readiness for essential services such as medical, dental, nutrition, and education to preschool-aged children.
Official website here: www.eightcap.org
Who is the CEO of Eightcap Inc?
Lori Johnson is the Chairperson of Eightcap Inc.
Official website here: www.eightcap.org
What is the revenue of Eightcap Inc?
Eightcap Inc's revenue in 2022 was $22,171,760.
Official website here: www.eightcap.org
Who are the executives of Eightcap Inc and what are their salaries?
The average compensation at Eightcap Inc during 2022 was $26,973. There are 317 employees and 1347 volunteers at Eightcap Inc.
Here are 21 key members and their salaries:
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- Compensation: $94,894
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- Other: $4,828
Official website here: www.eightcap.org
Where can I find the form 990 for Eightcap Inc?
Eightcap Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.eightcap.org
Learn more at the official website: www.eightcap.org
Mission Statement of Eightcap Inc
Eightcap Inc, a dedicated organization, strives to enhance the community by working in partnership with private, government, and community entities. Their primary goal is to design and deliver programs that tackle the root causes of poverty and alleviate its effects, empowering individuals to achieve self-sufficiency.
In practice, Eightcap Inc focuses on child education, a vital aspect of breaking the cycle of poverty. Leveraging funding from Head Start and Great Start Readiness Programs, Eightcap Inc provides essential medical, dental, nutritional, and educational services to preschool-aged children. Through these initiatives, they ensure that young learners receive the necessary support to thrive, laying the foundation for their future success.
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Impact
October, 2024
Eightcap Inc significantly impacts the community by addressing the root causes of poverty and its effects through comprehensive collaboration with private, government, and community organizations. By delivering targeted programs, Eightcap helps individuals achieve self-sufficiency.
A prime focus of their efforts is on child education, primarily through initiatives like the Head Start and Great Start Readiness programs. These initiatives fund essential services, including medical, dental, nutrition, and educational support for preschool-aged children in Orleans, MI. This multifaceted approach not only aids in immediate needs but also lays the groundwork for long-term success in education and well-being, ultimately creating a stronger, more resilient community.
This information is meant to be a general summary of Eightcap Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $51,092
- Gross Receipts: $22,171,760
Assets and Liabilities:
- Total Assets: $3,434,480
- Total Liabilities: $1,859,684
- Net Assets: $1,574,796
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER INCOME
Revenue
$39,218
PROGRAM INCOME
Revenue
$11,874
Organization Details
Founding Year
1966
Phone
(616) 754-9315Principal Officer
Lori Johnson
Main Address
5827 ORLEANS RD, ORLEANS, MI, 48865
Website
www.eightcap.orgNTEE Category
Code: P200 - Human services
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