Generating Income for Tomorrow
Public records show a registered, tax-exempt organization in good standing.
What it says it does
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.
- Income
- $1.0 million
- Spending
- $1.7 million
- Spent on programs
- 72%
- Reserves
- 0.8 months of spending
- Largest source of income
- donations and private grants, 100%
- Employees
- 12
- Volunteers
- 25
- Highest pay
- $137,278, ceo, president
Source: Form 990 for the year ending April 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 24 out of 100. Higher than 2% of charities in its peer group (community improvement, $1m to $10m).
Reserves
4 of 35Spendable reserves would cover 0.8 months of spending.
Debt
5 of 20It owes 50% of what it owns.
Living within its means
0 of 15Spending exceeded income by 59% of income.
Income trend
0 of 15Income fell 50% on the year before.
Spending floor
15 of 1572% of spending went to programs and raising each dollar of donations cost 22 cents.
Source: Form 990 for the year ending April 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 85 out of 100. Higher than 39% of charities in its peer group (community improvement, $1m to $10m).
Independent board
25 of 256 of 9 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
0 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending April 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $1.2 million spent. 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.
Source: Form 990 for the year ending April 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending April 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since June 2020.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.