Civic Intelligence

The Grider Initiative Inc C/O Anthony J Colucci III

EIN 27-0702928 • 501(c)3 • Buffalo, NY

Profile

To support erie county medical center corporation "ecmcc", a public benefit corporation, by creating and establishing an endowment solely for the purpose of recruiting and retaining physicians to practice on the grider street campus of ecmcc.

462 Grider StreetBuffalo, NY 14215

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE E • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE E • $10M-$25M nonprofits • Source year 2024

Net Margin

6th percentile

-76%

Higher net margin than 6% of similar nonprofits.

NTEE E • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

11th percentile

$0

Higher top officer pay than 11% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE E • $10M-$25M nonprofits • Source year 2024

Asset Growth

36th percentile

-0.6%

Faster asset growth than 36% of similar nonprofits.

NTEE E • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

85th percentile

37%

Faster revenue growth than 85% of similar nonprofits.

NTEE E • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets4th percentile

Assets

Down

$10,167,309

Down $65,171 (-0.6%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$10,167,309

Down $65,171 (-0.6%) from 2023

Operations
Liabilities / Revenue4th percentileNet Margin6th percentile

Revenue

Up

$285,279

Up $76,957 (+37%) from 2023

Expenses

Up

$501,327

Up $501,287 (+1253218%) from 2023

Net Income

Down

-$216,048

Down $424,330 (-204%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth36th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2013: $10,801,939Liabilities 2013: $241,981Net Assets 2013: $10,559,9582013Assets 2014: $11,979,850Liabilities 2014: $1,102,782Net Assets 2014: $10,877,0682014Assets 2015: $11,930,846Liabilities 2015: $1,088,624Net Assets 2015: $10,842,2222015Assets 2016: $11,864,612Liabilities 2016: $954,681Net Assets 2016: $10,909,9312016Assets 2017: $11,068,578Liabilities 2017: $0Net Assets 2017: $11,068,5782017Assets 2018: $10,941,341Liabilities 2018: $0Net Assets 2018: $10,941,3412018Assets 2019: $10,679,730Liabilities 2019: $550,000Net Assets 2019: $10,129,7302019Assets 2020: $10,214,880Liabilities 2020: $0Net Assets 2020: $10,214,8802020Assets 2021: $10,193,610Liabilities 2021: $0Net Assets 2021: $10,193,6102021Assets 2022: $9,846,836Liabilities 2022: $0Net Assets 2022: $9,846,8362022Assets 2023: $10,232,480Liabilities 2023: $0Net Assets 2023: $10,232,4802023Assets 2024: $10,167,309Liabilities 2024: $0Net Assets 2024: $10,167,3092024

Highlighted filing

2024

Assets$10,167,309
Liabilities$0
Net Assets$10,167,309
Open 2024 Filing

Operations Trend

Revenue Growth85th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2013: $40,575Expenses 2013: $744,700Net Income 2013: -$704,1252013Revenue 2014: $39,778Expenses 2014: $864,429Net Income 2014: -$824,6512014Revenue 2015: $1,120,801Expenses 2015: $1,088,639Net Income 2015: $32,1622015Revenue 2016: $989,962Expenses 2016: $954,696Net Income 2016: $35,2662016Revenue 2017: $24,185Expenses 2017: $1,515Net Income 2017: $22,6702017Revenue 2018: $24,258Expenses 2018: $750Net Income 2018: $23,5082018Revenue 2019: $24,127Expenses 2019: $1,079,486Net Income 2019: -$1,055,3592019Revenue 2020: $15,136Expenses 2020: $750Net Income 2020: $14,3862020Revenue 2021: $5,696Expenses 2021: $215,630Net Income 2021: -$209,9342021Revenue 2022: $5,482Expenses 2022: $750Net Income 2022: $4,7322022Revenue 2023: $208,322Expenses 2023: $40Net Income 2023: $208,2822023Revenue 2024: $285,279Expenses 2024: $501,327Net Income 2024: -$216,0482024

Highlighted filing

2024

Revenue$285,279
Expenses$501,327
Net Income-$216,048
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$10,167,309
Liabilities
$0
Net assets
$10,167,309
Revenue
$285,279
Expenses
$501,327
Net income
-$216,048
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.2$0.00$10.2$0.29$0.50$0.22
2023Detailed filing. Detailed filing data is available for this year.$10.2$0.00$10.2$0.21$0.00$0.21
2022Detailed filing. Detailed filing data is available for this year.$9.85$0.00$9.85$0.01$0.00$0.00
2021Detailed filing. Detailed filing data is available for this year.$10.2$0.00$10.2$0.01$0.22$0.21
2020Detailed filing. Detailed filing data is available for this year.$10.2$0.00$10.2$0.02$0.00$0.01
2019Detailed filing. Detailed filing data is available for this year.$10.7$0.55$10.1$0.02$1.08$1.06
2018Detailed filing. Detailed filing data is available for this year.$10.9$0.00$10.9$0.02$0.00$0.02
2017Detailed filing. Detailed filing data is available for this year.$11.1$0.00$11.1$0.02$0.00$0.02
2016Detailed filing. Detailed filing data is available for this year.$11.9$0.95$10.9$0.99$0.95$0.04
2015Detailed filing. Detailed filing data is available for this year.$11.9$1.09$10.8$1.12$1.09$0.03
2014Detailed filing. Detailed filing data is available for this year.$12.0$1.10$10.9$0.04$0.86$0.82
2013Detailed filing. Detailed filing data is available for this year.$10.8$0.24$10.6$0.04$0.74$0.70
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$285,279
Mission and Program Overview

Mission

To support Erie County Medical Center Corporation "ECMCC", a public benefit corporation, by establishing and managing an endowment solely for the purpose of supporting the recruitment and retention of physicians to practice on the Grider street campus of ECMCC.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$7,064,314$6,845,210▼ $219,104
Investments in Publicly Traded Securities$2,898,026$3,052,714▲ $154,688
Cash and Non-Interest-Bearing Accounts$270,140$269,385▼ $755
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$10,232,480$10,167,309▼ $65,171
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$10,232,480$10,167,309▼ $65,171
Total Net Assets Fund Balance$10,232,480$10,167,309▼ $65,171
Total Liabilities and Net Assets / Fund Balance$10,232,480$10,167,309▼ $65,171

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$10,232,480-▲ $435,589$500,000$10,167,309
2023$9,846,836-▲ $385,684-$10,232,480
2022$10,193,610-▼ $346,024-$9,846,836
2021$10,214,880-▲ $194,360$214,880$10,193,610
2020$10,129,730-▲ $85,900-$10,214,880
Compensation and Service Providers
Top Officer Pay11th percentile

Board Members and Trustees

NameTitle
Eugenio RussiChairman
Dr Jennifer PughVice-Chair
Sharon L HansonExecutive Director
Jennifer PersicoSecretary
Darby FiskinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$285,279
Other Revenue
$0
Change in Net Assets
$-216,048

Audited Revenue Reconciliation

Revenue per Audited Statements
$284,712
Revenue Not Reported on Financial Statements
$567
Revenue Not Reported on Form 990
$150,877
Other Revenue Adjustments
$567
Total Revenue per Audited Statements
$435,589
Total Revenue per Form 990
$285,279
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$501,327
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$500,000--$500,000
Office Expenses-$1,327-$1,327
Total Functional Expenses$500,000$1,327$0$501,327

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$501,327
Expenses per Audited Statements$500,760
Total Expenses per Audited Statements$500,760
Expenses Not Reported on Financial Statements$567
Other Expense Adjustments$567
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The Form 990 is prepared by an independent accounting firm. The Form 990 is reviewed by legal counsel and subsequently reviewed by the full board prior to filing with the IRS.”

Form 990, Part VI, Section B, Line 12C

“The directors were each required to sign and submit a statement which affirms each person had received a copy of the conflict of interest policy, had read and understood the Policy, and had agreed to comply with the Policy.”

Form 990, Part VI, Section C, Line 19

“The governing documents, policies and financial statements are made available to the general public upon request.”

Filing and Contact Details

Filer

Filer Name
The Grider Initiative Inc
EIN
27-0702928
Phone
7168983730
Address
462 Grider Street, Buffalo, NY 14215

Signing Officer

Name
Jennifer Persico
Title
Executive Director
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Persico
Formed
2009
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
8

Preparer

Firm
WatsonRice LLP
Address
31 West 34th Street 7006, New York, NY 10001
Preparer
Baruti Bediako CPA
Phone
2124477300
Supplemental Narrative

Additional Explanations

Statement Note 1

“Statement 1Form 990, Schedule R, Part II, Line 1, col (b)Primary activitySafetynet acute care hospital providing psychiatric, emergency, trauma, burn, rehab, transplant, and other services.”

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

“Pursuant to donor restrictions, net investment earnings and appreciation from the permanently restricted endowment supports physician recruitment and retention at the Erie County Medical Center Corporation's Grider Street Campus.”

Part X : FIN48 Footnote

“The Initiative has considered the recognition requirements for uncertain income tax positions, believes that its income tax filing positions would be sustained upon examination, and does not anticipate any adjustments that would result in a material adverse effect on the Physician Endowment's financial condition.”

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

“Investment exp netted against FS income $567”

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

“Investment exp netted against FS income $567”

Raw XML AppendixShowing 400 of 426 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt06845210
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/IRSWrittenDeterminationInd0X
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0500000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Erie County Medical Center Corp
IRS990ScheduleA/SupportingOrganization509a3Ind0X
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IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0760
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IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt010167309
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0435589
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt040
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt09846836
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt010232480
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0385684
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0750
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt09846836
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0750
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt010193610
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0750
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IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0567
IRS990ScheduleD/ExpensesSubtotalAmt0500760
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0150877
IRS990ScheduleD/OtherExpensesNotIncludedAmt0567
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0567
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/RevenueNotReportedAmt0150877
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0567
IRS990ScheduleD/RevenueSubtotalAmt0284712
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Pursuant to donor restrictions, net investment earnings and appreciation from the permanently restricted endowment supports physician recruitment and retention at the Erie County Medical Center Corporation's Grider Street Campus.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The Initiative has considered the recognition requirements for uncertain income tax positions, believes that its income tax filing positions would be sustained upon examination, and does not anticipate any adjustments that would result in a material adverse effect on the Physician Endowment's financial condition.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Investment exp netted against FS income $567
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Investment exp netted against FS income $567
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4: Intended uses of the endowment fund.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X : FIN48 Footnote
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S
IRS990ScheduleD/TotalExpensesPerForm990Amt0501327
IRS990ScheduleD/TotalRevenuePerForm990Amt0285279
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0435589
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0500760
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is prepared by an independent accounting firm. The Form 990 is reviewed by legal counsel and subsequently reviewed by the full board prior to filing with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The directors were each required to sign and submit a statement which affirms each person had received a copy of the conflict of interest policy, had read and understood the Policy, and had agreed to comply with the Policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The governing documents, policies and financial statements are made available to the general public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Statement 1Form 990, Schedule R, Part II, Line 1, col (b)Primary activitySafetynet acute care hospital providing psychiatric, emergency, trauma, burn, rehab, transplant, and other services.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Statement Note 1
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Erie County Medical Center Corp
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0830382654
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0See Statement 1
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0462 Grider Street
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Buffalo
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd014215
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
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IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0500000
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Erie County Medical Center Corp
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0p
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IRS990/SchoolOperatingInd0false
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IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt010167309
IRS990/TotalAssetsGrp/BOYAmt010232480
IRS990/TotalAssetsGrp/EOYAmt010167309
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IRS990/TotalContributionsAmt00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01327
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0500000
IRS990/TotalFunctionalExpensesGrp/TotalAmt0501327
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalProgramServiceExpensesAmt0500000
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0285279
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0285279
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt010232480
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010167309
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0true
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0462 Grider Street
IRS990/USAddress/CityNm0Buffalo
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd014215
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z

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