Eight Cap Inc
- Assets
- $2.8m
- Revenue
- $18.6m
- Investments
- $0.0
- Employees
- 302
- Location
- Orleans, MI
- Founding
- 03/1966
- Data as of
- 09/2021
- EIN
- 38-6111652
Organization Overview
Eight Cap Inc is located in Orleans, MI. The organization was established in 1966. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 09/2021, Eight Cap Inc employed 302 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eight Cap Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Eight Cap Inc generated $18.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $18.6m during the year ending 09/2021. While expenses have increased by 4.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EIGHTCAP, INC. IMPROVES OUR COMMUNITY BY COLLABORATING WITH PRIVATE, GOVERNMENT, AND COMMUNITY ORGANIZATIONS TO DELIVER PROGRAMS THAT ALLEVIATE THE CAUSES OF POVERTY AND ITS EFFECTS ALLOWING INDIVIDUALS TO BECOME SELF-SUFFICIENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILD EDUCATION ACTIVITIES - FUNDING FROM HEAD START & GREAT START READINESS PROGRAMS PROVIDED FOR MEDICAL, DENTAL, NUTRITION, AND EDUCATIONAL SERVICES TO PRESCHOOL AGED CHILDREN.
COMMUNITY SERVICES PROGRAMS PROVIDED LOW-INCOME/NO-INCOME HOUSEHOLDS WITH EMERGENCY FOOD, UTILITIES, SHELTER, TRANSPORTATION, MEDICAL, AND CLOTHING.
WEATHERIZATION PROGRAM/ENERGY ASSISTANCE PROVIDED FREE HOME ENERGY CONSERVATION SERVICES TO LOW-INCOME HOMEOWNERS AND RENTERS TO REDUCE ENERGY USE, LOWER UTILITY BILLS AND ENSURE A SAFE LIVING ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Russell VP - Finance | Officer | 40 | $84,420 |
John Van Niewenhuzen President - Former | Officer | 40 | $66,687 |
Gary Tegge Chairperson | OfficerTrustee | 2 | $0 |
Doug Mcfadden Vice Chairperson | OfficerTrustee | 2 | $0 |
James Moreno Treasurer | OfficerTrustee | 2 | $0 |
Renae Caudill Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Central Michigan University Head Start Collaborative Child Care Part | 9/29/21 | $165,606 |
Joanne Curtiss Emergency Shelter Provider | 9/29/21 | $100,325 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,316,083 |
| All other contributions, gifts, grants, and similar amounts not included above | $140,181 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,456,264 |
| Total Program Service Revenue | $115,358 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $43,332 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,614,954 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $350,831 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $220,155 |
| Compensation of current officers, directors, key employees. | $220,155 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,488,840 |
| Pension plan accruals and contributions | $264,099 |
| Other employee benefits | $1,660,864 |
| Payroll taxes | $801,266 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,210 |
| Office expenses | $937,362 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $361,062 |
| Travel | $184,050 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $112,924 |
| Interest | $12,086 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $166,832 |
| Insurance | $142,836 |
| All other expenses | $544,201 |
| Total functional expenses | $18,607,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $397,683 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,555,953 |
| Accounts receivable, net | $1,313 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $65,379 |
| Net Land, buildings, and equipment | $730,136 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,750,464 |
| Accounts payable and accrued expenses | $1,119,622 |
| Grants payable | $0 |
| Deferred revenue | $289,651 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $282,382 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,691,655 |
| Net assets without donor restrictions | $912,805 |
| Net assets with donor restrictions | $146,004 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,750,464 |
Grants Awarded
Over the last fiscal year, Eight Cap Inc has awarded $350,831 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Greenville, MI PURPOSE: HOUSING PROGRAM PARTNERSHIP FOR EMERGENCY HOUSING TO QUALIFIED CLIENTS | $134,309 |
Mt Pleasant, MI PURPOSE: HOUSING PROGRAM PARTNERSHIP FOR EMERGENCY HOUSING TO QUALIFIED CLIENTS | $110,434 |
Belding, MI PURPOSE: HOUSING PROGRAM PARTNERSHIP FOR EMERGENCY HOUSING TO QUALIFIED CLIENTS | $94,584 |
Mt Pleasant, MI PURPOSE: HOUSING PROGRAM PARTNERSHIP FOR EMERGENCY HOUSING TO QUALIFIED CLIENTS | $11,504 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Eight Cap Inc has recieved totaling $404,216.
| Awarding Organization | Amount |
|---|---|
Mid Michigan Community Action Agency Inc Farwell, MI PURPOSE: EMERGENCY SERVICES & SUPPORTIVE SERVICES FOR VETERANS FAMILIES | $279,082 |
The Greenville Area Community Foundation Greenville, MI PURPOSE: SPECIAL ADVOCATES | $61,967 |
The Greenville Area Community Foundation Greenville, MI PURPOSE: SPECIAL ADVOCATES | $61,967 |
Mutual Of America Foundation New York, NY PURPOSE: GENERAL OPERATING PURPOSE | $1,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Great Lakes Community Action Partnership Fremont, OH | $28,522,004 | $53,103,851 |
Oakland Livingston Human Service Agency Pontiac, MI | $13,027,900 | $40,800,569 |
Lifeline Youth & Family Services Inc Fort Wayne, IN | $15,628,659 | $38,083,955 |
Graceworks Lutheran Services Dayton, OH | $23,740,295 | $34,447,691 |
Ironton & Lawrence County Area Community Action Organization Ironton, OH | $40,577,752 | $41,576,542 |
Focus Hope Detroit, MI | $17,719,978 | $33,160,503 |
Northwest Michigan Community Action Agency Inc Traverse City, MI | $6,926,951 | $29,151,341 |
Center For Families And Children Cleveland, OH | $44,564,496 | $26,820,618 |
Innovative Services Inc Green Bay, WI | $4,761,789 | $25,201,501 |
Miami Valley Community Action Partnership Dayton, OH | $15,755,583 | $25,268,522 |
Lutheran Social Services Of Central Ohio Inc Worthington, OH | $17,727,741 | $25,192,460 |
Community Action Agency Of Columbiana County Inc Lisbon, OH | $14,162,849 | $26,155,779 |