Form 990 for tax year 2022
Filed by GENERATING INCOME FOR TOMORROW.
Totals
- Total revenue
- $1,649,614
- Total expenses
- $1,530,573
- Contributions and grants received
- $1,645,906
- Grants paid
- $674,519
- Program service revenue
- $3,512
- Investment income
- $196
- Other revenue
- $0
- Total assets, end of year
- $511,446
- Total liabilities, end of year
- $106,284
- Net assets or fund balances, end of year
- $405,162
- Program services expenses (Part IX)
- $1,250,630
- Management and general expenses
- $151,297
- Fundraising expenses
- $128,646
- Program service expenses (Part III)
- $1,250,630
Program services were 81.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$1,645,906
-
2a · Program service revenue: BUSINESS CENTER
total $3,512 · related or exempt $3,512
-
3 · Investment income
total $196 · excluded $196
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $674,519 · program services $674,519
-
5 · Compensation of officers, directors and key employees
total $258,500 · program services $154,800 · management and general $38,900 · fundraising $64,800
-
7 · Other salaries and wages
total $175,146 · program services $104,884 · management and general $26,357 · fundraising $43,905
-
9 · Other employee benefits
total $45,086 · program services $26,999 · management and general $6,785 · fundraising $11,302
-
10 · Payroll taxes
total $34,461 · program services $20,636 · management and general $5,186 · fundraising $8,639
-
11c · Fees: accounting
total $1,980 · management and general $1,980
-
11g · Fees: other
total $9,517 · program services $7,400 · management and general $2,117
-
12 · Advertising and promotion
total $35,539 · program services $28,431 · management and general $7,108
-
13 · Office expenses
total $47,394 · program services $23,698 · management and general $23,696
-
14 · Information technology
total $26,638 · program services $13,319 · management and general $13,319
-
16 · Occupancy
total $128,729 · program services $102,983 · management and general $25,746
-
17 · Travel
total $2,401 · program services $2,401
-
19 · Conferences, conventions and meetings
total $90,560 · program services $90,560
-
20 · Interest
total $103 · management and general $103
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $295,787 · end of year $255,327
-
2 · Savings and temporary cash investments
end of year $6,119
-
3 · Pledges and grants receivable
end of year $250,000
-
17 · Accounts payable and accrued expenses
beginning of year $9,275 · end of year $17,294
-
18 · Grants payable
end of year $88,990
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $286,512 · end of year $405,162
Mission and programs · 2022
Mission
TO PROVIDE ASSISTANCE TO MINORITY-OWNED BUSINESSES IN KANSAS CITY, MO LOW-INCOME AREAS IN THE FORM OF BUSINESS GRANTS AND BACK OFFICE BUSINESS SUPPORT SERVICES.
Activities or mission (Part I)
TO PROVIDE ASSISTANCE TO MINORITY-OWNED BUSINESSES IN KANSAS CITY, MO LOW-INCOME AREAS.
-
THE CORE MISSION OF GENERATING INCOME FOR TOMORROW (GIFT) IS TO CLOSE OUR LOCAL RACIAL WEALTH GAP, REDUCE POVERTY RELATED CRIME, AND PROVIDE ECONOMIC OPPORTUNITY FOR THE BLACK COMMUNITY. WE DO THIS BY PROVIDING GRANTS AND TECHNICAL SUPPORT TO BLACK-OWNED BUSINESSES THAT OPERATE IN THE HISTORICALLY REDLINED AREAS OF KANSAS CITY. OUR GRANT PROGRAM PROVIDES BUSINESS GRANTS TO FOR-PROFIT, BLACK-OWNED BUSINESSES, LOCATED AND OPERATED EAST OF TROOST AVE. GRANTS RANGE FROM $10,000 TO $50,000. WE ALSO PROVIDE A YEAR'S WORTH OF TECHNICAL ASSISTANCE TO ALL GRANTEES. THIS INCLUDES BUSINESS COACHING, BOOKKEEPING, LEGAL, AND MARKETING SUPPORT. (CONTINUED ON SCHEDULE O)WE ALSO HAVE A 7,500 SQUARE FOOT BUSINESS CENTER THAT PROVIDES ONE-ON-ONE SERVICES SUCH AS BUSINESS COACHING, MARKETING STRATEGY, WEBSITE DEVELOPMENT, QUICKBOOKS SET UP, AND LEGAL CONSULTING TO ANYONE IN THE GREATER KANSAS CITY AREA THAT OWNS, OR WANTS TO START A BUSINESS, THROUGH ONE HIGHLY ACCESSIBLE LOCATION. TO SUPPLEMENT THE ONE-ON-ONE OFFERINGS, WE PROVIDE A PLETHORA OF GROUP CLASSES, AS WELL AS AMENITIES LIKE COWORKING SPACE, HEADSHOTS, STUDIO, AND ONSITE BANKING. THIS IS ALL PROVIDED COMPLETELY FREE OF CHARGE TO ANYONE THAT WANTS TO USE THE SERVICES, NO MATTER WHAT RACE, ETHNICITY, OR ANY OTHER IDENTIFYING FACTOR. IN FY23, THE GIFT GRANT PROGRAM PROVIDED GRANT FUNDING TO 28 DIFFERENT MINORITY OWNED BUSINESSES WHICH RESULTED IN THE CREATION OF 28 DIFFERENT NEW JOBS AND 86% AVERAGE REVENUE GROWTH OF GRANTEES.
Expenses $1,250,630 · Grants $674,519 · Revenue $3,512
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Brandon CallowayBRANDON CALLOWAY
CEO, PRESIDENT
- Total calculated
- $87,500
- From this org
- $87,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Karis HarringtonKARIS HARRINGTON
CHIEF OF DEVELOPMENT, SECRETARY
- Total calculated
- $86,000
- From this org
- $86,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Cornell GormanCORNELL GORMAN
COO, VICE PRESIDENT
- Total calculated
- $85,000
- From this org
- $85,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
D'Juan LoveD'JUAN LOVE
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Ryonda HallRYONDA HALL
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
Cynthia BenbowCYNTHIA BENBOW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Tonika BrockmanTONIKA BROCKMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Deshawn BurtonDESHAWN BURTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rick LeathersRICK LEATHERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Eze RedwoodEZE REDWOOD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Antonia UwaekeANTONIA UWAEKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
PATISSERIE PATRICE
$50,000
SUPPORT FOR GENERAL OPERATIONS
-
FIRE & ICE ATHLETICS LLC
$50,000
SUPPORT FOR GENERAL OPERATIONS
-
EQUAL MINDED CAFE
$30,000
SUPPORT FOR GENERAL OPERATIONS
-
CARESTICKS MOBILE PHLEBOTOMY LLC
$30,000
SUPPORT FOR GENERAL OPERATIONS
-
HYDRODIPS N CUSTOMWHIPS
$30,000
SUPPORT FOR GENERAL OPERATIONS
-
SWIGTHEDJ LLC
$25,000
SUPPORT FOR GENERAL OPERATIONS
-
LOVE IS KEY
$25,000
SUPPORT FOR GENERAL OPERATIONS
-
HEALTHY HIP HOP
$25,000
SUPPORT FOR GENERAL OPERATIONS
-
EAR HOUSE TECHNOLOGY
$25,000
SUPPORT FOR GENERAL OPERATIONS
-
D&J MOTORS
$25,000
SUPPORT FOR GENERAL OPERATIONS
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 12 August 2025
- IRS schema version
- 2022v5.0
- Source object
- 202522249349301022
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