GENERATING INCOME FOR TOMORROW

EIN: 850935933 501(c)(3) Community Improvement

KANSAS CITY, MO

Total Revenue
$1,041,895
Total Expenses
$1,654,332
Total Assets
$218,162
Net Assets
$108,966
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
MO
Principal Officer
BRANDON CALLOWAY
Phone
8167667860
Tax Period
2024-05-01 to 2025-04-30

GENERATING INCOME FOR TOMORROW, founded in 2020, is a community nonprofit in the Community Improvement sector that reported $1.0M in total revenue in fiscal year 2024. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $1.7M exceeded revenue, resulting in a 59% operating deficit.

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.

Program Service Accomplishments

Program 1
Expenses: $1,196,800 Revenue: $444

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...

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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 FY25, THE GIFT GRANT PROGRAM PROVIDED GRANT FUNDING TO 12 DIFFERENT MINORITY OWNED BUSINESSES WHICH RESULTED IN THE CREATION OF 30 DIFFERENT NEW JOBS AND 209% AVERAGE REVENUE GROWTH OF GRANTEES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,085,481
Program Service Revenue $444
Investment Income $196
Other Revenue $-44,226
TOTAL REVENUE $1,041,895

Expense Breakdown

Grants Paid $351,007
Salaries & Benefits $916,852
Fundraising Expenses $233,788
Program Expenses $1,196,800
Other Expenses $386,473
TOTAL EXPENSES $1,654,332

Year-over-Year Comparison

2024 2023 Change
Revenue $1,041,895 $2,081,978 -0.5%
Expenses $1,654,332 $1,765,737 -0.1%
Net Income $-612,437 $316,241 -2.9%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
9
Independent Members
6
Employees
12
Volunteers
25

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
5
$387,910
Total Directors
9
$387,910
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRANDON CALLOWAY CEO, PRESIDENT 40.00
Officer Director
$122,192 $15,086 $137,278
KARIS HARRINGTON CPO, SECRETARY 40.00
Officer Director
$111,462 $13,184 $124,646
CORNELL GORMAN COO, VICE PRESIDENT 40.00
Officer Director
$111,462 $14,524 $125,986
D'JUAN LOVE BOARD CHAIR 3.00
Officer Director
$0 $0 $0
RYONDA HALL TREASURER 3.00
Officer Director
$0 $0 $0
CYNTHIA BENBOW DIRECTOR 3.00
Director
$0 $0 $0
DESHAWN BURTON DIRECTOR 2.00
Director
$0 $0 $0
RICK LEATHERS DIRECTOR 2.00
Director
$0 $0 $0
EZE REDWOOD DIRECTOR 2.00
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 $1,041,895 $1,654,332 $218,162 $-612,437
2024 $2,081,978 $1,765,737 $877,664 $316,241
2023 $1,649,614 $1,530,573 $511,446 $119,041
2022 $1,133,745 $981,288 $295,787 $152,457
2020 $201,499 $77,870 $126,025 $123,629
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