Toolbox Inc
- Assets
- $117.8k
- Revenue
- $215.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Kansas City, KS
- Founding
- Data as of
- 12/2023
- EIN
- 86-3982273
Organization Overview
Toolbox Inc is located in Kansas City, KS. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Toolbox 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 12/2023, Toolbox Inc generated $215.6k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $178.7k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE TOOLBOX IS THE GO-TO RESOURCE FOR EVERYTHING SMALL BUSINESS IN WYANDOTTE COUNTY, KANSAS. WE PROVIDE SUPPORT WITH PLANNING, REGISTERING, FUNDING, OPERATING, AND GROWING YOUR BUSINESS. WE TAKE THE INTIMIDATING CHECKLIST OF STARTING AND OPERATING A BUSINESS AND DISTILL IT DOWN INTO THE ESSENTIALS THROUGH PRIVATE ONE-ON-ONE SMALL BUSINESS COACHING. ALL OF OUR SERVICES ARE OFFERED AT NO COST TO LOCAL RESIDENTS AND BUSINESSES. OUR VISION IS TO EMPOWER THE COMMUNITY TO OWN THEIR ECONOMIC FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, WE CONDUCTED 390 INDIVIDUAL CONSULTATIONS, TOTALING OVER 639 HOURS OF DEDICATED SUPPORT. THESE CONSULTATIONS SERVED 218 DISTINCT SMALL BUSINESSES, OF WHICH 172 WERE NEW CLIENTS AND 46 WERE RETURNING CLIENTS FROM PREVIOUS YEARS. OUR CLIENT BASE INCLUDED 119 FEMALE ENTREPRENEURS AND 99 MALE ENTREPRENEURS, DEMONSTRATING OUR INCLUSIVE APPROACH TO BUSINESS SUPPORT. WE WERE PROUD TO SERVE 156 IMMIGRANT ENTREPRENEURS ALONGSIDE 62 U.S.-BORN ENTREPRENEURS, HIGHLIGHTING OUR COMMITMENT TO REACHING ALL SEGMENTS OF OUR COMMUNITY. TO ENSURE ACCESSIBILITY, WE PROVIDED 126 CONSULTATIONS IN SPANISH, 82 IN ENGLISH, AND 9 IN OTHER LANGUAGES. OUR CLIENT DEMOGRAPHICS INCLUDED 177 HISPANIC ENTREPRENEURS, 20 BLACK ORAFRICAN-AMERICAN ENTREPRENEURS, 12 CAUCASIAN ENTREPRENEURS, AND 10 INDIVIDUALS FROM OTHER ETHNIC BACKGROUNDS. THESE EFFORTS CONTRIBUTED TO THE CREATION OF 70 NEW STARTUPS IN 2023.
THROUGHOUT 2023, WE SUCCESSFULLY HOSTED 15 COHORTS WITH THE PARTICIPATION OF 170 SMALL BUSINESS OWNERS. THIS INCLUDED FOUR 10-WEEK COHORTS OF OUR "INTRO TO EXCEL FOR BUSINESS" PROGRAM, FROM WHICH 59 ENTREPRENEURS GRADUATED. ADDITIONALLY, WE CONDUCTED FIVE 4-WEEK COHORTS OF THE "YOUR PLAN OF ACTION BUSINESS START-UP" PROGRAM, GRADUATING 64 INDIVIDUALS. WE ALSO FACILITATED FOUR 7-WEEK COHORTS OF OUR "INTRO TO QUICKBOOKS" PROGRAM, RESULTING IN 41 SMALL BUSINESS GRADUATES. FURTHERMORE, WE ORGANIZED TWO 6-WEEK COHORTS OF "THE BLUEPRINT: SUBCONTRACTOR DEVELOPMENT PROGRAM," WHERE 13 SUBCONTRACTORS COMPLETED THEIR TRAINING.
WE CONDUCTED 35 WORKSHOPS IN ENGLISH AND SPANISH, DRAWING IN 390 ATTENDEES IN 2023.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gabriel Munoz Executive Director | Officer | 50 | $78,745 |
Liley Villazan Treasurer | OfficerTrustee | 2 | $750 |
Edgar Galicia Chairman | OfficerTrustee | 1 | $0 |
Alex Ruybalid Secretary | OfficerTrustee | 1 | $0 |
Evette Cosby Board Member | Trustee | 1 | $0 |
Ana Duin Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $19,091 |
| All other contributions, gifts, grants, and similar amounts not included above | $195,737 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $214,828 |
| Total Program Service Revenue | $0 |
| Investment income | $744 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $215,572 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,500 |
| 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. | $78,744 |
| Compensation of current officers, directors, key employees. | $7,874 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,023 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,895 |
| Advertising and promotion | $9,351 |
| Office expenses | $40 |
| Information technology | $15,199 |
| Royalties | $0 |
| Occupancy | $5,285 |
| Travel | $4,781 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,967 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $966 |
| All other expenses | $8,950 |
| Total functional expenses | $178,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $117,798 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $117,798 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $117,798 |
| Net assets with donor restrictions | $0 |
| 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 | $117,798 |