Overview
What is Eight Million Stories Inc?
Eight Million Stories Inc is a nonprofit organization committed to empowering at-risk youth between the ages of 16 and 24. Their mission encompasses providing educational resources, skill development, job preparation, and fostering genuine relationships. By offering academic assistance to obtain a High School Equivalency Diploma (GED), as well as job readiness programs, they equip their students with necessary soft and technical skills to secure and maintain employment. The organization's ultimate goal is to positively impact the lives of these young individuals, helping them transition successfully into post-secondary education or career paths.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Eight Million Stories Inc has received a solid rating of 79%, primarily reflecting its strong performance in accountability and finance. The organization boasts a fully independent board, which contributes positively to its governance, as evidenced by its perfect scores in board independence and conflict of interest policies. The absence of material diversion of assets further enhances its credibility.
In terms of financial management, Eight Million Stories Inc demonstrates a high program expense ratio of nearly 84%, indicating that a significant portion of its expenses is allocated towards its mission-related programs. The organization's liabilities to assets ratio is also quite favorable at 3.31%, suggesting prudent financial practices and a capacity to manage its obligations effectively.
While the overall score is commendable, the reliance on a single beacon score could imply a limited view of the organization's overall effectiveness beyond accountability and finance. However, based on the available data, Eight Million Stories Inc appears to maintain strong governance and financial health, making it a trustworthy nonprofit in its operational domain.
This AI summary has been generated from information found on Charity Navigator.
Is Eight Million Stories Inc legitimate?
Eight Million Stories Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eight Million Stories 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: $187,046
Professional Fundraising Fees: $0
Other Salaries and Wages: $154,087
For more financial information, click here
What is the mission statement of Eight Million Stories Inc?
Eight Million Stories Inc's mission is centered around improving the lives of vulnerable youth between the ages of 16 and 24. This is achieved through a multi-faceted approach that includes education, skills training, employment, and fostering authentic relationships. The organization's primary goal is to equip these youth with the necessary academic skills to obtain a High School Equivalency Diploma (GED) and prepare them for further education or career paths. Additionally, Eight Million Stories offers job readiness programs, providing both soft and technical skills necessary for employment and sustaining jobs.
Who is the CEO of Eight Million Stories Inc?
Marvin Pierre is the Bod of Eight Million Stories Inc.
What is the revenue of Eight Million Stories Inc?
Eight Million Stories Inc's revenue in 2022 was $1,045,857.
Who are the executives of Eight Million Stories Inc and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $105,446
- Related: $0
- Other: $0
- Compensation: $81,600
- Related: $0
- Other: $0
Where can I find the form 990 for Eight Million Stories Inc?
Eight Million Stories Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Eight Million Stories Inc
Eight Million Stories Inc, a nonprofit organization, is dedicated to transforming the lives of vulnerable youth aged 16 to 24. Their mission revolves around providing education, skills training, employment opportunities, and building authentic relationships with these young individuals. The organization believes in equipping these youth with the necessary academic skills to obtain a High School Equivalency Diploma (GED) and facilitating their smooth transition into post-secondary education or career pathways. Beyond academics, Eight Million Stories Inc offers job readiness programs that equip students with essential soft and technical skills, enabling them to secure and maintain employment. The organization's approach to youth empowerment is centered on building strong, meaningful relationships with the young people they serve, aiming to provide them with the tools and support needed to navigate their personal and professional lives effectively.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Eight Million Stories Inc has a significant impact on vulnerable youth aged 16-24 in Houston, Texas. Through their education, skills training, employment, and relationship-building programs, they are transforming the lives of these young individuals. By providing academic support to earn a High School Equivalency Diploma (GED) and offering job readiness programs, Eight Million Stories equips the youth with the necessary tools to succeed in their chosen career pathways. Their focus on authentic relationships ensures that these youth feel supported and empowered as they work towards a brighter future.
This information is meant to be a general summary of Eight Million Stories 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.
- Investment Income: $29
- Gross Receipts: $1,045,857
Assets and Liabilities:
- Total Assets: $1,203,709
- Total Liabilities: $18,274
- Net Assets: $1,185,435
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2016
Phone
(832) 849-7570Principal Officer
Marvin Pierre
Main Address
7414 SAINT LO ROAD, HOUSTON, TX, 77033
NTEE Category
Code: O50 - Youth development
If you are a representative of Eight Million Stories Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.