2026-01-21T11:42:34-06:00 2025-06-30 050409384 KAHN LITWIN RENZA & CO LTD 951 NORTH MAIN STREET PROVIDENCE RI 02904 990 2024-07-01 061493673 SLATER TECHNOLOGY FUND INC SLAT 4018316633 PO BOX 9142 PROVIDENCE RI 02940 THORNE SPARKMAN III PRESIDENT 4018316633 2026-01-21 1 1 PATRICK J MARTIN P00283486 4012742001 2026-01-21 2024 2025-03-06 01:10:19Z THORNE SPARKMAN III PO BOX 9142 PROVIDENCE RI 02940 3982150 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 9 0 0 1826168 2049998 397710 485128 203730 504295 -72517 -146413 2355091 2893008 0 0 0 0 680548 770300 0 0 0 2122562 1681910 2803110 2452210 -448019 440798 14619182 15299520 85850 91527 14533332 15207993 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 766621 226175 TECHNOLOGY DEVELOPMENT LOANS - AWARDED LOANS TO SIX (6) R.I. COMPANIES IN ORDER TO PROMOTE SCIENTIFIC RESEARCH AND DEVELOPMENT IN THE BIOMEDICAL TECHNOLOGY, INFORMATION TECHNOLOGY, AND ENERGY INDUSTRIES. 1143372 VENTURE SUPPORT - PROVIDED TECHNICAL, BUSINESS DEVELOPMENT ASSISTANCE, AND PUBLIC RELATIONS TO OVER SIXTY (60) QUALIFYING ENTITIES. 282563 258953 EQUITY INVESTMENTS IN QUALIFIED COMPANIES - INVESTED IN FIVE (5) R.I. QUALIFIED COMPANIES IN ORDER TO PROVIDE THEM WITH THE CAPITAL INFUSION NECESSARY TO INTRODUCE PRODUCTS IN RHODE ISLAND. 2192556 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 0 0 1 0 0 0 0 0 1 1 1 0 0 1 11 0 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X NANCY ESAU 4018316633 PO BOX 9142 PROVIDENCE RI 02940 LARRY LARSON CHAIRMAN 1.00 X X 0 0 0 ROBERT J MACCINI TREASURER & SECRETARY (AS OF 9/24) 1.00 X X 0 0 0 CHRISTOPHER GRAHAM ESQ DIRECTOR 1.00 X 0 0 0 ALDEN ANDERSON JR 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 1.00 X 0 0 0 KIMANI TOUSAINT DIRECTOR (AS OF 12/24) 1.00 X 0 0 0 BETHANY D JENKINS DIRECTOR (AS OF 3/25) 1.00 X 0 0 0 CHRISTOPHER MULVANEY CFO 5.00 X 0 0 0 ROBERT CHATHAM VICE PRESIDENT 40.00 X 212048 0 28604 THORNE SPARKMAN III PRESIDENT/MANAGING DIRECTO 40.00 X 292231 0 57096 504279 0 85700 2 0 1 0 LINDEN STREET ENTERPRISES LLC 35 LINDEN STREET MIDDLETOWN RI 02842 MARKETING 109871 1 2049998 2049998 DIVS - INV IN QUAL ENT 900099 258953 258953 INT - TECH DEV LOANS 900099 226175 226175 485128 193437 193437 1400000 1089142 310858 310858 310858 GAIN - INVESTMENT DEV 900099 -146413 -146413 -146413 2893008 485128 0 357882 586651 545585 41066 120590 11199 109391 3553 61 3492 21213 6268 14945 38293 29273 9020 48048 48048 72198 72198 32319 32319 201103 201103 54398 54398 18584 14470 4114 73574 73574 45584 39657 5927 34499 22280 12219 7585 7585 35274 8113 27161 LOAN IMPAIRMENT EXPENSE 766621 766621 INVESTMENT IMPAIRMENT E 282563 282563 DUES, PUBLICATIONS AND 9560 9560 2452210 2192556 259654 0 28606 493744 135381 560774 150000 17393 1426630 1176382 41669 57130 3856 3856 0 0 6674114 5974189 6073052 6915024 89730 104884 14619182 15299520 85850 91527 85850 91527 X 13703331 13709620 830001 1498373 14533332 15207993 14619182 15299520 440798 233863 0 X X 0 1 X 1 0 X 490438 131059 333450 1826168 2049998 4831113 490438 131059 333450 1826168 2049998 4831113 4831113 13944 6777 125248 233797 193437 573203 230287 230287 5634603 2215350 0.85740 0.84610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3856 3856 0 0 EQUITY INVESTMENTS IN QUALIFIED COMPANIES 9843835 C EQUITY INVESTMENTS IN DIVIDENDS RECEIVABLE 2321863 C LESS INVESTMENTS IMPAIRMENT RESERVE -5250674 C 6915024 X 3665535 233863 570983 804846 2860689 32319 32319 2893008 2990874 570983 570983 2419891 32319 32319 2452210 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 THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH ITS TAX-EXEMPT STATUS AT BOTH THE FEDERAL AND STATE LEVELS. THE ORGANIZATION 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOAN IMPAIRMENT RESERVE 50,769. INVESTMENT IMPAIRMENT RESERVE ADJUSTMENT 131,769. WRITE OFF OF TECHNOLOGY DEVELOPMENT INVESTMENT 388,445. WRITE OFF OF TECHNOLOGY DEVELOPMENT LOAN RECEIVABLE PART XII, LINE 2D - OTHER ADJUSTMENTS: LOAN IMPAIRMENT RESERVE 50,769. INVESTMENT IMPAIRMENT RESERVE ADJUSTMENT 131,769. WRITE OFF OF TECHNOLOGY DEVELOPMENT INVESTMENT 388,445. WRITE OFF OF TECHNOLOGY DEVELOPMENT LOAN RECEIVABLE X X X X 0 0 0 0 0 0 0 0 0 THORNE SPARKMAN III PRESIDENT/MANAGING DIRECTO 292231 0 0 0 0 0 11689 0 45407 0 349327 0 0 0 ROBERT CHATHAM VICE PRESIDENT 200048 0 12000 0 0 0 8482 0 20122 0 240652 0 0 0 THORNE SPARKMAN III PRESIDENT 0 INDIVIDUAL SERVES AS DIRECTOR OF A LOAN/EQUITY RECIPIENT COMPANY. 0 CHRISTOPHER MULVANEY CFO 22296 OWNER OF MTAS MULVANEY TAX AND ADVISORY SERVICES 0 FORM 990, PART VI, SECTION A, LINE 4 THE BOARD BELIEVES IT IS IN THE BEST INTEREST OF THE CORPORATION TO ADOPT THE AMENDED AND RESTATED BYLAWS TO MAKE CERTAIN ADMINISTRATIVE CHANGES TO SECTIONS 3.1 AND 3.1 OF THE BYLAWS, TO CONFIRM THE ADOPTION OF THE LANGUAGE IN SECTION 4.3 AS AN AMENDMENT TO THE BYLAWS IN 2017 SO THAT SUCH PROVISION ALIGNS WITH SECTION 4.6 OF THE ARTICLES OF INCORPORATION OF THE CORPORATION, AS HERETOFORE AMENDED, AND TO PROVIDE FOR AN EXECUTIVE COMMITTEE IN LIEU OF A COMPENSATION COMMITTEE. ELECTION OF DIRECTORS: - THE FOLLOWING INDIVIDUALS BE, AND THEY HEREBY ARE, ELECTED AS CLASS A DIRECTORS FOR A TERM OF THREE YEARS, TO HOLD OFFICE UNTIL THE ANNUAL MEETING OF THE CORPORATION IN 2027 AND UNTIL THEIR SUCCESSORS ARE DULY APPOINTED AND QUALIFIED OR UNTIL SUCH DIRECTOR'S DEATH, RESIGNATION OR REMOVAL IN THE MANNER PROVIDED IN THE 2024 BYLAWS: CLASS A (TERM EXPIRING 2027) ROBERT MACCINI LAWRENCE LARSON NANCY GRAY - CHRISTOPHER GRAHAM BE MOVED FROM CLASS B TO CLASS C, EXTENDING HIS TERM OF OFFICE FOR ONE YEAR, SO THAT THE DIRECTORS IN CLASS B AND CLASS C ARE AS FOLLOWS: CLASS B (TERM EXPIRING 2025) ALDEN ANDERSON DONALD STANFORD JAYNE DONEGAN CLASS C (TERM EXPIRING 2026) CHRISTOPHER GRAHAM ELECTION OF OFFICERS: -THE FOLLOWING INDIVIDUALS BE, AND THEY HEREBY ARE, ELECTED TO THE OFFICE OR OFFICES INDICATED ADJACENT TO HIS OR HER NAME BELOW, TO HOLD OFFICE UNTIL THE NEXT ANNUAL MEETING OF THE CORPORATION AND UNTIL THEIR RESPECTIVE SUCCESSORS ARE DULY APPOINTED AND QUALIFIED OR UNTIL SUCH DIRECTOR'S DEATH, RESIGNATION OR REMOVAL IN THE MANNER PROVIDED IN THE 2024 BYLAWS: LAWRENCE LARSON, CHAIRMAN THORNE SPARKMAN, PRESIDENT ROBERT CHATHAM, VICE PRESIDENT ROBERT MACCINI, TREASURER AND SECRETARY ELECTION OF COMMITTEES: - THE FOLLOWING INDIVIDUALS BE, AND THEY HEREBY ARE, APPOINTED TO THE INDICATED COMMITTEES, EACH TO SERVE SUBJECT TO THE TERMS OF THE 2024 BYLAWS: NOMINATING COMMITTEE LAWRENCE LARSON ALDEN ANDERSON AUDIT COMMITTEE LAWRENCE LARSON ROBERT MACCINI JAYNE DONEGAN EXECUTIVE COMMITTEE LAWRENCE LARSON CHRISTOPHER GRAHAM ROBERT MACCINI GENERAL AUTHORITY: THE PRESIDENT AND SECRETARY (EACH, AN "AUTHORIZED OFFICER AND COLLECTIVELY, THE "AUTHORIZED OFFICERS") BE, AND EACH OF THEM ACTING SINGLY HEREBY IS, AUTHORIZED TO TAKE OR TO CAUSE TO BE TAKEN ANY AND ALL ACTIONS TO EXECUTE AND DELIVER ANY AND ALL AGREEMENTS, CERTIFICATES, ASSIGNMENTS, INSTRUMENTS OR OTHER DOCUMENTS AND TO DO ANY AND ALL THINGS THAT, IN THE JUDGMENT OF SUCH AUTHORIZED OFFICER OR AUTHORIZED OFFICERS, MAY BE NECESSARY OR ADVISABLE TO EFFECTUATE THE FOREGOING RESOLUTIONS, SUCH EXECUTION AND DELIVERY BY ANY SUCH AUTHORIZED OFFICER OR AUTHORIZED OFFICERS OF ANY SUCH AGREEMENT, CERTIFICATE, ASSIGNMENT, INSTRUMENT OR OTHER DOCUMENT OR THE DOING BY ANY OF THEM OF ANY SUCH ACT (INCLUDING THE AUTHORIZATION OF ANY CHANGE IN ANY SUCH AGREEMENT, CERTIFICATE, ASSIGNMENT, INSTRUMENT OR OTHER DOCUMENT) TO BE CONCLUSIVE EVIDENCE TO ESTABLISH BOTH THE AUTHORITY OF SUCH PERSON SO TO DO FROM THE CORPORATION AND THE APPROVAL OF THE BOARD. 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 -3451 591218 0 1 0.32470 RHV ADEPT MATERIALS HOLDINGS LLC PO BOX 9142 PROVIDENCE RI 02940 921913141 HOLDING COMPANY RI SLATER-RIGHTHILL MANAGEMENT LLC 0 -4770 205813 0 0 0.89710 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SLATER-RHV ADEPT MATERIALS HOLDINGS LLC B 32108 ACTUAL