Buoniconti Fund to Cure Paralysis Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
THE MISSION OF THE ORGANIZATION IS TO RAISE MONEY FOR, AND AWARENESS OF, THE MIAMI PROJECT TO CURE PARALYSIS, A CENTER OF EXCELLENCE AT THE UNIVERSITY OF MIAMI IN MIAMI, FLORIDA.
- Income
- $6.5 million
- Spending
- $5.1 million
- Spent on programs
- 90%
- Reserves
- 6.1 months of spending
- Largest source of income
- donations and private grants, 100%
- Employees
- 4
- Volunteers
- 50
- Highest pay
- $414,279, director
Source: Form 990 for the year ending May 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Strong: 93 out of 100. Higher than 78% of charities in its peer group (health care, $1m to $10m).
Reserves
28 of 35Spendable reserves would cover 6.1 months of spending.
Debt
20 of 20It owes 12% of what it owns.
Living within its means
15 of 15Income exceeded spending by 22% of income.
Income trend
15 of 15Income rose 74% on the year before.
Spending floor
15 of 1590% of spending went to programs and raising each dollar of donations cost 4 cents.
Source: Form 990 for the year ending May 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 67% of charities in its peer group (health care, $1m to $10m).
Independent board
25 of 2527 of 27 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending May 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (4)
- $4.1 million spent. THE ORGANIZATION RAISED FUNDS FOR THE MIAMI PROJECT TO CURE PARALYSIS, A RESEARCH CENTER DEDICATED TO DISCOVERING, DEVELOPING, AND ADVANCING TREATMENTS AND CURES FOR NEUROLOGICAL DISEASES AND DISORDERS, INCLUDING TRAUMATIC SPINAL CORD AND BRAIN INJURIES, PERIPHERAL NERVE INJURIES, ALZHEIMER'S DISEASE, PARKINSON'S DISEASE, AMYOTROPHIC LATERAL SCLEROSIS (ALS), MULTIPLE SCLEROSIS, AND STROKE.THE ORGANIZATION EDUCATES THE PUBLIC ABOUT THE GROUNDBREAKING AND INSPIRING RESEARCH CONDUCTED AT THE MIAMI PROJECT TO CURE PARALYSIS AT THE UNIVERSITY OF MIAMI SCHOOL OF MEDICINE THROUGH PERSONAL OUTREACH, PRESENTATIONS TO COMMUNITY AND GOVERNMENTAL ORGANIZATIONS, BY SHARING VIDEOS AND INFORMATION ABOUT THE RESEARCH ON ITS WEBSITE, SOCIAL MEDIA PLATFORMS, AND TRADITIONAL MEDIA OUTLETS.
- $69,171 spent. THE GOAL OF THIS PROGRAM IS TO ENHANCE THE HEALTH AND WELL-BEING OF INDIVIDUALS LIVING WITH PARALYSIS BY HELPING THEM ACHIEVE GREATER INDEPENDENCE AND MOBILITY. DONATIONS TYPICALLY OCCUR TWO TO THREE TIMES PER YEAR AND ARE COORDINATED WITH PUBLIC EVENTS TO RAISE AWARENESS ABOUT THE CHALLENGES FACED BY THOSE LIVING WITH PARALYSIS AND TO DEMONSTRATE HOW TECHNOLOGY CAN DRAMATICALLY IMPROVE A PERSON'S QUALITY OF LIFE AND LEVEL OF MOBILITY. QUALIFIED APPLICANTS, WHO MUST PROVIDE DOCUMENTATION OF MEDICAL AND FINANCIAL NEED, RECEIVE CUSTOMIZED WHEELCHAIRS DESIGNED TO MEET THEIR SPECIFIC REQUIREMENTS. DURING THE CURRENT YEAR, THREE WHEELCHAIRS WERE PROVIDED THROUGH THIS PROGRAM.
- $334,000 spent. THE ORGANIZATION ALSO HIRED LOBBYISTS TO ADVOCATE BEFORE THE STATE OF FLORIDA AND FEDERAL LEGISLATURES FOR INCREASED FUNDING FOR SPINAL CORD AND BRAIN INJURY RESEARCH, AS WELL AS FOR RESEARCH ON OTHER NEURODEGENERATIVE DISEASES SUCH AS ALS AND ALZHEIMER'S DISEASE.
- $62,750 spent. PUBLIC RELATION FIRM WAS ENGAGED TO ENHANCE AWARENESS AND SUPPORT OF THE ORGANIZATIONS MISSIONS AND PROGRAMS.
Source: Form 990 for the year ending May 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending May 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since March 1991.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.