2024-05-13T08:39:52-05:00 2023-06-30 050409384 KAHN LITWIN RENZA & CO LTD 951 NORTH MAIN STREET PROVIDENCE RI 02904 990 2022-07-01 061493673 SLATER TECHNOLOGY FUND INC SLAT 4018316633 PO BOX 9142 PROVIDENCE RI 02940 THORNE SPARKMAN III PRESIDENT 4018316633 2024-05-13 1 THORNE SPARKMAN III 999009999 1 PATRICK J MARTIN P00283486 4012742001 2024-05-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z THORNE SPARKMAN III PO BOX 9142 PROVIDENCE RI 02940 818045 0 X WWW.SLATERFUND.COM X 1997 RI TO PROMOTE SCIENTIFIC RESEARCH AND DEVELOPMENT IN THE AREAS OF BIOMEDICAL AND INFORMATIONAL TECHNOLOGIES IN THE STATE OF RHODE ISLAND; AND TO SUPPORT JOB CREATION AND OTHER ECONOMIC ACTIVITY IN RHODE ISLAND BASED ON SUCH TECHNOLOGIES. SMALL BUSINESSES IN THE STATE OF RHODE ISLAND, OR INDIVIDUALS PLANNING TO FORM SUCH BUSINESSES, ARE ELIGIBLE TO APPLY FOR GRANT, EQUITY, AND LOAN AWARDS FROM THE FUND. 9 9 3 0 0 0 134238 333450 333156 349938 -33902 125248 1659426 9409 2092918 818045 4000 0 0 0 876354 770423 0 0 0 1796277 1604153 2676631 2374576 -583713 -1556531 15915303 14231172 330245 143149 15585058 14088023 X TO PROMOTE SCIENTIFIC RESEARCH AND DEVELOPMENT IN THE AREAS OF BIOMEDICAL AND INFORMATIONAL TECHNOLOGIES IN THE STATE OF RHODE ISLAND; AND TO SUPPORT JOB CREATION AND OTHER ECONOMIC ACTIVITY IN RHODE ISLAND BASED ON SUCH TECHNOLOGIES. SMALL BUSINESSES PLANNING TO FORM SUCH BUSINESSES, ARE ELIGIBLE TO APPLY FOR GRANT, EQUITY, AND LOAN AWARDS FROM THE FUND. 0 0 762672 152989 TECHNOLOGY DEVELOPMENT LOANS - AWARDED LOANS TO FOUR (4) R.I. COMPANIES IN ORDER TO PROMOTE SCIENTIFIC RESEARCH AND DEVELOPMENT IN THE BIOMEDICAL TECHNOLOGY, INFORMATION TECHNOLOGY, AND ENERGY INDUSTRIES. 1105471 VENTURE SUPPORT - PROVIDED TECHNICAL, BUSINESS DEVELOPMENT ASSISTANCE, AND PUBLIC RELATIONS TO OVER SIXTY (60) QUALIFYING ENTITIES. 386406 196949 EQUITY INVESTMENTS IN QUALIFIED COMPANIES - INVESTED IN FOUR (4) R.I. QUALIFIED COMPANIES IN ORDER TO PROVIDE THEM WITH THE CAPITAL INFUSION NECESSARY TO INTRODUCE PRODUCTS IN RHODE ISLAND. 2254549 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 1 1 1 0 0 1 24 0 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 X NANCY ESAU 4018316633 PO BOX 9142 PROVIDENCE RI 02940 LARRY LARSON CHAIRMAN 1.00 X 0 0 0 DENNIS J DUFFY ESQ DIRECTOR 1.00 X 0 0 0 ROBERT J MACCINI DIRECTOR 1.00 X 0 0 0 CHRISTOPHER GRAHAM ESQ DIRECTOR 1.00 X 0 0 0 ALDEN ANDERSON JR DIRECTOR 1.00 X 0 0 0 PATRICE MILOS PHD DIRECTOR 1.00 X 0 0 0 NANCY GRAY DIRECTOR 1.00 X 0 0 0 DONALD L STANFORD DIRECTOR 1.00 X 0 0 0 JAYNE M DONEGAN ESQ DIRECTOR (AS OF 09/22) 1.00 X 0 0 0 THORNE SPARKMAN III PRESIDENT/MANAGING DIRECTO 40.00 X 307859 0 54018 ROBERT CHATHAM DIRECTOR 40.00 X 209494 0 7720 517353 0 61738 2 0 1 0 BIOGRAPH VENTURE DEVELOPMENT LLC 129 BLACKSTONE BOULEVARD PROVIDENCE RI 02906 CONSULTING 134062 1 333450 333450 DIVS - INV IN QUAL ENT 900099 196949 196949 INT - TECH DEV LOANS 900099 152989 152989 349938 125248 125248 GAIN - INVESTMENT DISS 900099 9409 9409 9409 818045 349938 0 134657 600459 558427 42032 111553 79619 31934 9247 7179 2068 16046 12007 4039 33118 29475 3643 77968 77968 32575 32575 138410 136374 2036 40410 39060 1350 33735 32319 1416 24312 23138 1174 50865 44127 6738 18301 17565 736 1845 1845 29688 6827 22861 LOAN IMPAIRMENT EXPENSE 762672 762672 INVESTMENT IMPAIRMENT E 386406 386406 DUES, PUBLICATIONS AND 6506 6506 TAXES 460 460 2374576 2254549 120027 0 38029 13580 9816679 324310 246504 319276 1019276 1088701 29146 32739 3856 3856 0 0 59294 6935363 4706375 5517203 15915303 14231172 330245 143149 330245 143149 X 15585058 14088023 15585058 14088023 15915303 14231172 -1556531 59496 0 X X 0 1 X 1 0 X 267431 575000 490438 131059 333450 1797378 267431 575000 490438 131059 333450 1797378 1797378 8284 510 13944 6777 125248 154763 912632 230287 1142919 3095060 2534907 0.58070 0.68530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3856 3856 0 0 EQUITY INVESTMENTS IN QUALIFIED COMPANIES 8281125 C EQUITY INVESTMENTS IN DIVIDENDS RECEIVABLE 1875216 C LESS INVESTMENTS IMPAIRMENT RESERVE -4639138 C 5517203 X 877541 59496 59496 818045 0 818045 2374576 0 2374576 0 2374576 PART X, LINE 2: THE ORGANIZATION IS A NOT FOR PROFIT CHARITABLE ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES AS A PUBLIC CHARITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT BELIEVES THAT SLATER OPERATES IN A MANNER CONSISTENT WITH ITS TAX EXEMPT STATUS AT BOTH THE FEDERAL AND STATE LEVEL. THE ORAGANIZATION ANNUALLY FILES IRS FORM 990 - RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, REPORTING VARIOUS INFORMATION THAT THE IRS USES TO MONITOR THE ACTIVITIES OF TAX EXEMPT ENTITIES. THESE TAX RETURNS ARE SUBJECT TO REVIEW BY THE TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. THERE ARE NO TAX EXAMINATIONS IN PROGRESS FOR EITHER ENTITY. X X X X X X 0 0 0 0 0 0 0 0 0 THORNE SPARKMAN III PRESIDENT/MANAGING DIRECTO 307859 0 0 0 0 0 15435 0 38583 0 361877 0 0 0 ROBERT CHATHAM DIRECTOR 209494 0 0 0 0 0 7720 0 0 0 217214 0 0 0 THORNE SPARKMAN III PRESIDENT INDIVIDUAL SERVES AS DIRECTOR OF A LOAN/EQUITY RECIPIENT COMPANY. 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE EXTERNAL AUDITORS AND REVIEWED BY MANAGEMENT. ONCE ALL ARE SATISFIED WITH THE FORM, IT IS FINALIZED AND THE FORM IS SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C AT ANY BOARD, BOARD COMMITTEE, OR ADVISORY BOARD MEETING AT WHICH DISCUSSION OR VOTING OCCURS WITH RESPECT TO A COMPANY IN WHICH A COVERED PERSON HAS THE POTENTIAL TO DERIVE A FINANCIAL BENEFIT, THE COVERED PERSON SHALL ANNOUNCE IN ADVANCE THAT HE OR SHE HAS A POTENTIAL CONFLICT AND SHALL RECUSE HIMSELF OR HERSELF FROM PARTICIPATING IN SUCH VOTE. THE MINUTES OF SUCH MEETINGS SHALL NOTE THAT SUCH COVERED PERSON RECUSED HIMSELF OR HERSELF. IN ADDITION, EACH COVERED PERSON SHALL MAKE A WRITTEN DISCLOSURE ONCE EACH YEAR DURING THE MONTH OF JULY, LISTING ALL POTENTIAL CONFLICTS WITH RESPECT TO ANY COMPANY ALREADY FUNDED OR ASSISTED BY THE SLATER TECHNOLOGY FUND AND STATE ANY FORTHCOMING POTENTIAL CONFLICTS THAT MAY ARISE. SUCH DISCLOSURE STATEMENTS SHALL BE DELIVERED TO THE CORPORATION WITHIN 30 DAYS OF RECEIPT OF THE REQUEST FOR DISCLOSURE. THE CORPORATION SHALL MAINTAIN SUCH DISCLOSURE FORMS WITH THE CORPORATE RECORDS. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY THE BOARD OF DIRECTORS MAY CONDUCT A PERFORMANCE REVIEW AND EVALUATION OF THE PRESIDENT FOR THE PURPOSE OF ADJUSTING THE SALARY GOING FORWARD. THIS PROCESS INVOLVES THE EVALUATION OF THE INDIVIDUAL AND A REVIEW OF COMPENSATION OF COMPARABLE POSITIONS OBTAINED FROM COMPENSATION SURVEYS. IN ADDITION, THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS AND APPROVES ANY CALCULATIONS FOR COMPENSATION REQUIRED BY EXISTING EMPLOYMENT AGREEMENTS. FORM 990, PART VI, SECTION C, LINE 19 SLATER TECHNOLOGY FUND, INC. MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE IN PAPER FORM AT ITS OFFICES DURING REGULAR BUSINESS HOURS. FORM 990, PART XII LINE 2C: THE ORGANIZATION DID NOT CHNAGE EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. SLATER-RXV HOLDING LLC PO BOX 9142 PROVIDENCE RI 02940 833107618 HOLDING COMPANY RI SLATER TECHNOLOGY FUND 0 0 1 SLATER-HAPPYNEST HOLDING LLC PO BOX 9142 PROVIDENCE RI 02940 843934653 HOLDING COMPANY RI SLATER TECHNOLOGY FUND 0 -941 544887 0 1 0.32330 SLATER-RHV ADEPT MATERIALS HOLDINGS LLC PO BOX 9142 PROVIDENCE RI 02940 921913141 HOLDING COMPANY RI SLATER TECHNOLOGY FUND 0 0 1 1.00000 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SLATER-RHV ADEPT MATERIALS HOLDINGS LLC B 193036 ACTUAL SLATER-RXV HOLDING LLC C 50 ACTUAL SLATER-HAPPYNEST HOLDING LLC B 52741 ACTUAL SLATER-HAPPYNEST HOLDING LLC C 7416 ACTUAL