Civic Intelligence

Techbuffalo Inc.

990 • Fiscal year 2023 • EIN 84-4191247

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 14, 2024

1 Seneca Street 24th FLBuffalo, NY 14203

(716) 236-8607

Siviq Scores

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

Liabilities / Assets

94th percentile

0.84x

Higher debt load relative to assets than 94% of similar nonprofits.

2023 filings • NTEE J • <$500k nonprofits • Source year 2023

Liabilities / Revenue

99th percentile

6.72x

Higher debt load relative to revenue than 99% of similar nonprofits.

2023 filings • NTEE J • <$500k nonprofits • Source year 2023

Net Margin

2nd percentile

-1717%

Higher net margin than 2% of similar nonprofits.

2023 filings • NTEE J • <$500k nonprofits • Source year 2023

Top Officer Pay

68th percentile

$0

Higher top officer pay than 68% of similar nonprofits.

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

2023 filings • NTEE J • <$500k nonprofits • Source year 2023

Asset Growth

5th percentile

-59%

Faster asset growth than 5% of similar nonprofits.

2023 filings • NTEE J • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

3rd percentile

-93%

Faster revenue growth than 3% of similar nonprofits.

2023 filings • NTEE J • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Flat

$445,080

Flat from 2023

Net Assets

Flat

$73,335

Flat from 2023

Liabilities

Flat

$371,745

Flat from 2023

Revenue

Flat

$55,338

Flat from 2023

Expenses

Flat

$1,005,675

Flat from 2023

Net Income

Flat

-$950,337

Flat from 2023

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2017: $1Liabilities 2017: $02017Assets 2018: $1Liabilities 2018: $02018Assets 2019: $1Liabilities 2019: $02019Assets 2020: $1,277,908Liabilities 2020: $402,980Net Assets 2020: $874,9282020Assets 2021: $1,135,908Liabilities 2021: $227,610Net Assets 2021: $908,2982021Assets 2022: $1,083,118Liabilities 2022: $369,019Net Assets 2022: $714,0992022Assets 2023: $445,080Liabilities 2023: $371,745Net Assets 2023: $73,3352023Assets 2023: $445,080Liabilities 2023: $371,745Net Assets 2023: $73,3352023Assets 2024: $578,082Liabilities 2024: $67,098Net Assets 2024: $510,9842024

Highlighted filing

2023

Assets$445,080
Liabilities$371,745
Net Assets$73,335

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2017: $0Expenses 2017: $0Net Income 2017: $02017Revenue 2018: $0Expenses 2018: $0Net Income 2018: $02018Revenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $1,251,846Expenses 2020: $376,918Net Income 2020: $874,9282020Revenue 2021: $870,650Expenses 2021: $911,718Net Income 2021: -$41,0682021Revenue 2022: $755,542Expenses 2022: $1,212,079Net Income 2022: -$456,5372022Revenue 2023: $55,338Expenses 2023: $1,005,675Net Income 2023: -$950,3372023Revenue 2023: $55,338Expenses 2023: $1,005,675Net Income 2023: -$950,3372023Revenue 2024: $1,351,373Expenses 2024: $1,181,181Net Income 2024: $170,1922024

Highlighted filing

2023

Revenue$55,338
Expenses$1,005,675
Net Income-$950,337
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 14, 2024
Return Version
2023v5.1
Gross Receipts
$55,338
Mission and Program Overview

Mission

Techbuffalo's mission is to drive the growth of an inclusive and accessible technology ecosystem in wny.

Techbuffalo's mission is to create a sustainable, inclusive, and accessible technology community for western new york by improving our region's ability to attract, retain, and foster technology talent.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,064,766$427,962▼ $636,804
Prepaid Expenses and Deferred Charges$4,663$8,385▲ $3,722
Accounts Receivable$8,856$3,900▼ $4,956
Total Assets$1,083,118$445,080▼ $638,038
Other Assets Total$4,833$4,833→ $0
Liabilities
Other Liabilities$350,000$350,000→ $0
Accounts Payable and Accrued Expenses$19,019$21,745▲ $2,726
Total Liabilities$369,019$371,745▲ $2,726
Net Assets / Fund Balance
Net Assets With Donor Restrictions$727,547$130,682▼ $596,865
Net Assets Without Donor Restrictions$-13,448$-57,347▼ $43,899
Total Net Assets Fund Balance$714,099$73,335▼ $640,764
Total Liabilities and Net Assets / Fund Balance$1,083,118$445,080▼ $638,038
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$55,334
Program Service Revenue
$0
Investment Income
$4
Other Revenue
$0
All Other Contributions
$55,334
Change in Net Assets
$-950,337

Audited Revenue Reconciliation

Revenue per Audited Statements
$55,338
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$309,573
Total Revenue per Audited Statements
$364,911
Total Revenue per Form 990
$55,338
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$711,874
Other Expenses$293,801
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$388,640$177,762-$566,402
Other Employee Benefits$61,969$28,345-$90,314
Payroll Taxes$37,847$17,311-$55,158
Fees for Services Accounting$11,530$34,590-$46,120
Occupancy$29,104$9,702-$38,806
Advertising$38,376--$38,376
Fees for Services Other$20,763$10,598-$31,361
Office Expenses$16,776$5,592-$22,368
Information Technology$1,800$5,400-$7,200
Insurance$3,228$3,228-$6,456
Travel$6,448--$6,448
Fees for Services Legal$914$2,741-$3,655
Other Expenses$571$1,713-$2,284
All Other Expenses-$750-$750
Total Functional Expenses$701,171$304,504$0$1,005,675

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,005,675
Total Expenses per Audited Statements$1,005,675
Total Expenses per Form 990$1,005,675
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Revenue$350,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
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 A, Line 2

Sarah tanbakuchi, president & ceo, was on a secondment contract from m&t tech. M&t provides her salary and benefits and compensation decisions are managed by her direct supervisor, who is m&t's chief information officer and a techbuffalo board member, who solicits performance feedback from the techbuffalo board of directors.

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

The organization's audit partners review form 990 with the audit committee. The board treasurer also reviews form 990 prior to filing.

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

Compliance is reviewed and if any conflicts exist, recusals are handled accordingly.

Form 990, Part VI, Section B, Line 15

The organization utilizes market research, 990 comparison & hr partner review to determine compensation.

Form 990, Part VI, Section C, Line 19

The organization makes its documents available upon request.

Filing and Contact Details

Filer

Filer Name
Techbuffalo Inc
EIN
84-4191247
Phone
7162368607
Address
1 SENECA STREET 24TH FL, BUFFALO, NY 14203

Signing Officer

Name
Jennifer a Kavanaugh
Title
Treasurer
Phone
7162368607
Signed
2024-08-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sarah Tanbakuchi-ripa
Formed
2020
Legal Domicile
Ny
Voting Board Members
13
Independent Board Members
13
Employees
6
Volunteers
20

Preparer

Firm
Tronconi Segarra & Associates Llp
Address
8321 MAIN STREET, WILLIAMSVILLE, NY 14221
Preparer
Diane M Straka CPA
Phone
7166331373
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IRS990/OtherExpensesGrp/ProgramServicesAmt2571
IRS990/OtherExpensesGrp/TotalAmt077181
IRS990/OtherExpensesGrp/TotalAmt18032
IRS990/OtherExpensesGrp/TotalAmt24764
IRS990/OtherExpensesGrp/TotalAmt32284
IRS990/OtherLiabilitiesGrp/BOYAmt0350000
IRS990/OtherLiabilitiesGrp/EOYAmt0350000
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0177762
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0388640
IRS990/OtherSalariesAndWagesGrp/TotalAmt0566402
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt017311
IRS990/PayrollTaxesGrp/ProgramServicesAmt037847
IRS990/PayrollTaxesGrp/TotalAmt055158
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04663
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08385
IRS990/PrincipalOfficerNm0SARAH TANBAKUCHI-RIPA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0COLLEGE TECH TALENT ATTRACTION & RETENTION: TO ACTIVATE WESTERN NEW YORK'S COLLEGE TO CAREER TALENT PIPELINE, TECHBUFFALO IMPLEMENTED THE POWERUPTECH PROGRAM. POWERUPTECH IS DESIGNED TO RETAIN COLLEGE TECH TALENT IN WESTERN NEW YORK BY PROVIDING SUPPLEMENTAL PROGRAMMING TO TECH/TECH ALIGNED INTERNS THAT ELEVATES WNY AS A PREMIER PLACE TO LIVE, WORK, AND PLAY THROUGH PLACED-BASED, COMMUNITY-ORIENTED PROGRAMMING AND COLLABORATIONS WITH LOCAL EMPLOYERS. OUR PROGRAM ENGAGED 165+ TECH/TECH ALIGNED INTERNS FROM 12 COMPANIES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt051739
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0755542
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0772754
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-456537
IRS990/PYSalariesCompEmpBnftPaidAmt0439325
IRS990/PYTotalExpensesAmt01212079
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0755542
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-950337
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt055334
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0755542
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0870650
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01226846
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02908372
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt04
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt04
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt04
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt04
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt02908372
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt055334
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0755542
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0870650
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01226846
IRS990ScheduleA/Total509Grp/TotalAmt02908372
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt055338
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0755542
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0870650
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01226846
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02908376
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0309573
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01005675
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0350000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED REVENUE
IRS990ScheduleD/RevenueNotReportedAmt0309573
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt055338
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01005675
IRS990ScheduleD/TotalLiabilityAmt0350000
IRS990ScheduleD/TotalRevenuePerForm990Amt055338
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0364911
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01005675
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SARAH TANBAKUCHI, PRESIDENT & CEO, WAS ON A SECONDMENT CONTRACT FROM M&T TECH. M&T PROVIDES HER SALARY AND BENEFITS AND COMPENSATION DECISIONS ARE MANAGED BY HER DIRECT SUPERVISOR, WHO IS M&T'S CHIEF INFORMATION OFFICER AND A TECHBUFFALO BOARD MEMBER, WHO SOLICITS PERFORMANCE FEEDBACK FROM THE TECHBUFFALO BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S AUDIT PARTNERS REVIEW FORM 990 WITH THE AUDIT COMMITTEE. THE BOARD TREASURER ALSO REVIEWS FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPLIANCE IS REVIEWED AND IF ANY CONFLICTS EXIST, RECUSALS ARE HANDLED ACCORDINGLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION UTILIZES MARKET RESEARCH, 990 COMPARISON & HR PARTNER REVIEW TO DETERMINE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01083118
IRS990/TotalAssetsEOYAmt0445080
IRS990/TotalAssetsGrp/BOYAmt01083118
IRS990/TotalAssetsGrp/EOYAmt0445080
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt055334
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0304504
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0701171
IRS990/TotalFunctionalExpensesGrp/TotalAmt01005675
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0369019
IRS990/TotalLiabilitiesEOYAmt0371745
IRS990/TotalLiabilitiesGrp/BOYAmt0369019
IRS990/TotalLiabilitiesGrp/EOYAmt0371745
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0714099
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt073335
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0701171
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt04

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