Civic Intelligence

The Grider Initiative Inc

990 • Fiscal year 2015 • EIN 27-0702928

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 01, 2016

Organization ProfileN/A
462 Grider StreetBuffalo, NY 14215

(716) 853-4080

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

18th percentile

0.09x

Higher debt load relative to assets than 18% of similar nonprofits.

2015 filings • NTEE E • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

83rd percentile

0.97x

Higher debt load relative to revenue than 83% of similar nonprofits.

2015 filings • NTEE E • $10M-$25M nonprofits • Source year 2015

Net Margin

52nd percentile

2.9%

Higher net margin than 52% of similar nonprofits.

2015 filings • NTEE E • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

6th percentile

$0

Higher top officer pay than 6% of similar nonprofits.

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

2015 filings • NTEE E • $10M-$25M nonprofits • Source year 2015

Asset Growth

43rd percentile

-0.4%

Faster asset growth than 43% of similar nonprofits.

2015 filings • NTEE E • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

99th percentile

2718%

Faster revenue growth than 99% of similar nonprofits.

2015 filings • NTEE E • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets18th percentile

Assets

Down

$11,930,846

Down $49,004 (-0.4%) from 2014

Net Assets

Down

$10,842,222

Down $34,846 (-0.3%) from 2014

Liabilities

Down

$1,088,624

Down $14,158 (-1.3%) from 2014

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin52nd percentile

Revenue

Up

$1,120,801

Up $1,081,023 (+2718%) from 2014

Expenses

Up

$1,088,639

Up $224,210 (+26%) from 2014

Net Income

Up

$32,162

Up $856,813 (+104%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth43rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2015

Assets$11,930,846
Liabilities$1,088,624
Net Assets$10,842,222
Open 2015 Filing

Operations Trend

Revenue Growth99th percentile

Revenue, expenses, and net income across loaded years, with this 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

2015

Revenue$1,120,801
Expenses$1,088,639
Net Income$32,162
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 1, 2016
Return Version
2015v2.0
Gross Receipts
$1,120,801
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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$7,975,486$8,015,463▲ $39,977
Investments in Publicly Traded Securities$2,618,327$2,551,319▼ $67,008
Cash and Non-Interest-Bearing Accounts$283,255$283,240▼ $15
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$11,979,850$11,930,846▼ $49,004
Other Assets Total$1,102,782$1,080,824▼ $21,958
Liabilities
Other Liabilities$1,102,782$1,080,824▼ $21,958
Accounts Payable and Accrued Expenses-$7,800-
Total Liabilities$1,102,782$1,088,624▼ $14,158
Net Assets / Fund Balance
Permanently Rstr Net Assets$10,000,000$10,000,000→ $0
Unrestricted Net Assets$877,068$842,222▼ $34,846
Total Net Assets Fund Balance$10,877,068$10,842,222▼ $34,846
Total Liabilities and Net Assets / Fund Balance$11,979,850$11,930,846▼ $49,004

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,080,824--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$10,000,000-▲ $151,319-$10,151,319
2014$10,000,000---$10,000,000
2013$10,000,000---$10,000,000
2012$10,000,000---$10,000,000
2011$10,000,000---$10,000,000
Compensation and Service Providers
Top Officer Pay6th percentile

Board Members and Trustees

NameTitle
Sharon L HansonBoard Chair
Dr Samuel CloudBoard Member
Kevin E ChichockiBoard Member
Jody L LomeoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,080,824
Program Service Revenue
$0
Investment Income
$39,977
Other Revenue
$0
Change in Net Assets
$32,162

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,120,801
Revenue Not Reported on Form 990
$-67,008
Total Revenue per Audited Statements
$1,053,793
Total Revenue per Form 990
$1,120,801
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,088,639
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
Other Expenses$1,080,824--$1,080,824
Fees for Services Other-$7,815-$7,815
Total Functional Expenses$1,080,824$7,815$0$1,088,639

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,088,639
Total Expenses per Audited Statements$1,088,639
Total Expenses per Form 990$1,088,639
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$1,080,824
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 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, Line 11B: Form 990 Review Process

“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, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“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, Line 19: Other Organization Documents Publicly Available

“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
7168534080
Address
462 Grider Street, BUFFALO, NY 14215

Signing Officer

Name
Anthony J Colucci III
Title
Secretary
Signed
2016-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sharon L Hanson
Formed
2009
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
5

Preparer

Firm
Bca Watson Rice Llp
Address
5 PENN PLAZA 15TH FL, NEW YORK, NY 10001-1810
Preparer
Cazembe Bektemba CPA
Phone
2124477300
Supplemental Narrative

Financial Statement Notes

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

“Pursuant to donor restrictions, the endowment supports physician recruitment at the Erie County Medical Center Corporation.”

Part X : FIN48 Footnote

“The Physician Endowment 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.”

Raw XML AppendixShowing 400 of 434 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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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Due From Related Parties
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01080824
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTY
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IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/RevenueNotReportedAmt0-67008
IRS990ScheduleD/RevenueSubtotalAmt01120801
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Pursuant to donor restrictions, the endowment supports physician recruitment at the Erie County Medical Center Corporation.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The Physician Endowment 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/FormAndLineReferenceDesc0Part V, Line 4: Intended uses of the endowment fund.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X : FIN48 Footnote
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.01491
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01080824
IRS990ScheduleD/TotalExpensesPerForm990Amt01088639
IRS990ScheduleD/TotalLiabilityAmt01080824
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IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01053793
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01088639
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/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Buffalo
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
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IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1Erie County Medical Center Corp
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IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt011930846
IRS990/TotalAssetsGrp/BOYAmt011979850
IRS990/TotalAssetsGrp/EOYAmt011930846
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01080824
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07815
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01080824
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IRS990/TotalLiabilitiesGrp/BOYAmt01102782
IRS990/TotalLiabilitiesGrp/EOYAmt01088624
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt010842222
IRS990/TotalProgramServiceExpensesAmt01080824
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt039977
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01120801
IRS990/TotalVolunteersCnt05
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt011930846
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0true
IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UnrestrictedNetAssetsGrp/BOYAmt0877068
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Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,930,846
Liabilities
$1,088,624
Net assets
$10,842,222
Revenue
$1,120,801
Expenses
$1,088,639
Net income
$32,162
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