Civic Intelligence

Buffalo Initiative Inc.

EIN 99-1910260 • 501(c)3 • Dover, DE

Pub. 78 EligibleNTEE H48

Profile

To accelerate treatments for genetic diseases by enabling a collaborative, community-led research ecosystem that is efficient, and focused on impact.

8 The Green Ste RDover, DE 19901

buffaloinitiative.org

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.00x

Higher debt load relative to assets than 43% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

42nd percentile

0.00x

Higher debt load relative to revenue than 42% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

99th percentile

98%

Higher net margin than 99% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Balance Sheet
Liabilities / Assets43rd percentile

Assets

$493,964

No earlier filing loaded for comparison.

Liabilities

$2,467

No earlier filing loaded for comparison.

Net Assets

$491,497

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue42nd percentileNet Margin99th percentile

Revenue

$500,380

No earlier filing loaded for comparison.

Expenses

$8,883

No earlier filing loaded for comparison.

Net Income

$491,497

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$600K$400K$200K$0Assets 2024: $493,964Liabilities 2024: $2,467Net Assets 2024: $491,4972024

Highlighted filing

2024

Assets$493,964
Liabilities$2,467
Net Assets$491,497
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$600K$400K$200K$0Revenue 2024: $500,380Expenses 2024: $8,883Net Income 2024: $491,4972024

Highlighted filing

2024

Revenue$500,380
Expenses$8,883
Net Income$491,497
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$493,964
Liabilities
$2,467
Net assets
$491,497
Revenue
$500,380
Expenses
$8,883
Net income
$491,497
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.94$0.02$4.91$5.00$0.09$4.91
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 13, 2025
Return Version
2024v5.1
Gross Receipts
$500,380
Mission and Program Overview

Mission

To accelerate treatments for genetic diseases by enabling a collaborative, community-led research ecosystem that is efficient, and focused on impact.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$400,322-
Cash and Non-Interest-Bearing Accounts-$93,642-
Total Assets$0$493,964▲ $493,964
Liabilities
Accounts Payable and Accrued Expenses-$2,467-
Total Liabilities$0$2,467▲ $2,467
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$491,497-
Total Net Assets Fund Balance$0$491,497▲ $491,497
Total Liabilities and Net Assets / Fund Balance$0$493,964▲ $493,964
Compensation and Service Providers
Top Officer Pay55th percentile

Board Members and Trustees

NameTitle
Sunitha MalepatiChair
Bina ShahDirector
Jennifer SillsDirector
Lauren FlickingerSecretary
Nasha FitterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$500,058
Program Service Revenue
$0
Investment Income
$322
Other Revenue
$0
All Other Contributions
$500,058
Change in Net Assets
$491,497
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,883
Total Fundraising Expense$129
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$8,167--$8,167
Office Expenses-$169$129$298
Fees for Services Accounting-$250-$250
Information Technology$20$140-$160
Travel$8--$8
Total Functional Expenses$8,195$559$129$8,883
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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 governing body review Part VI line 11

“The final draft will be circulated to the full Board of Directors for review. The Board will have the opportunity to discuss the filing, ask questions, and provide feedback before formally approving it for submission to the IRS.”

Conflict of interest policy compliance Part VI line 12C

“The Organization monitors its Conflict of Interest Policy by requiring all board members to complete and sign an annual conflict of interest disclosure form. Additionally, board members are reminded to disclose any potential conflicts at the start of each meeting, and any identified conflicts are documented in the meeting minutes along with the steps taken to address them.”

CEO executive director top management comp Part VI line 15A

“The Board reviews compensation data from comparable organizations, including industry benchmarks and Form 990 filings of similar nonprofits. The proposed compensation package is presented to the full Board for discussion and formal approval. The decision-making process, including the data reviewed and the rationale for the compensation decision, is documented in the board meeting minutes.”

Other officer or key employee compensation Part VI line 15B

“No employees. But process would be: Salary data from comparable organizations, industry standards, and geographic cost of living adjustments are reviewed by tope management officials to ensure competitive compensation. Individual compensation is adjusted based on the employees experience and the scope of their role. Compensation decisions are aligned with the organizations overall budget and financial capacity. Final compensation decisions are approved by executive leadership.”

Governing documents etc available to public Part VI line 19

“Available upon request”

Filing and Contact Details

Filer

Filer Name
Buffalo Initiative Inc
EIN
99-1910260
In Care Of
% Sunitha Malepati
Phone
7033759402
Address
8 The Green Ste R, Dover, DE 19901

Signing Officer

Name
Sunitha Malepati
Title
Chair
Phone
7033759402
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Formed
2024
Legal Domicile
De
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
7

Preparer

Firm
Mullins PC
Address
7625 Wisconsin Avenue, Bethesda, MD 20814
Preparer
John Mullins
Phone
2027706371
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

“Science Consultants: $8,167”

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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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