Civic Intelligence

Slater Technology Fund Inc.

990 • Fiscal year 2020 • EIN 06-1493673

Jul 01, 2019 to Jun 30, 2020 • Filed on May 17, 2021

Organization ProfileWWW.SLATERFUND.COM

View Organization Page

PO Box 9142Providence, RI 02940

(401) 831-6633

Siviq Scores

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

Liabilities / Assets

12th percentile

0.01x

Higher debt load relative to assets than 12% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

10th percentile

0.02x

Higher debt load relative to revenue than 10% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

82nd percentile

29%

Higher net margin than 82% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

72nd percentile

$254,845

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 7.7% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

55th percentile

8.5%

Faster asset growth than 55% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

88th percentile

49%

Faster revenue growth than 88% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets12th percentile

Assets

Up

$11,858,470

Up $930,083 (+8.5%) from 2019

Net Assets

Up

$11,786,783

Up $957,789 (+8.8%) from 2019

Liabilities

Down

$71,687

Down $27,706 (-28%) from 2019

Revenue And Expenses
Liabilities / Revenue10th percentileNet Margin82nd percentile

Revenue

Up

$3,329,564

Up $1,093,099 (+49%) from 2019

Expenses

Up

$2,371,775

Up $1,297,147 (+121%) from 2019

Net Income

Down

$957,789

Down $204,048 (-18%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth55th percentile

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

$20M$15M$10M$5.0M$0Assets 2011: $7,958,664Liabilities 2011: $49,372Net Assets 2011: $7,909,2922011Assets 2012: $10,172,582Liabilities 2012: $122,860Net Assets 2012: $10,049,7222012Assets 2013: $9,124,738Liabilities 2013: $196,270Net Assets 2013: $8,928,4682013Assets 2014: $10,433,197Liabilities 2014: $158,238Net Assets 2014: $10,274,9592014Assets 2015: $8,756,937Liabilities 2015: $150,291Net Assets 2015: $8,606,6462015Assets 2016: $9,023,247Liabilities 2016: $217,747Net Assets 2016: $8,805,5002016Assets 2017: $9,239,288Liabilities 2017: $131,822Net Assets 2017: $9,107,4662017Assets 2018: $9,989,684Liabilities 2018: $322,527Net Assets 2018: $9,667,1572018Assets 2019: $10,928,387Liabilities 2019: $99,393Net Assets 2019: $10,828,9942019Assets 2020: $11,858,470Liabilities 2020: $71,687Net Assets 2020: $11,786,7832020Assets 2021: $16,390,332Liabilities 2021: $183,588Net Assets 2021: $16,206,7442021Assets 2022: $15,915,303Liabilities 2022: $330,245Net Assets 2022: $15,585,0582022Assets 2023: $14,231,172Liabilities 2023: $143,149Net Assets 2023: $14,088,0232023Assets 2024: $14,619,182Liabilities 2024: $85,850Net Assets 2024: $14,533,3322024Assets 2025: $15,299,520Liabilities 2025: $91,527Net Assets 2025: $15,207,9932025

Highlighted filing

2020

Assets$11,858,470
Liabilities$71,687
Net Assets$11,786,783
Open 2020 Filing

Operations Trend

Revenue Growth88th percentile

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

$10M$5.0M$0-$5.0MRevenue 2011: $2,516,835Expenses 2011: $1,839,047Net Income 2011: $677,7882011Revenue 2012: $4,053,764Expenses 2012: $1,858,334Net Income 2012: $2,195,4302012Revenue 2013: $2,769,234Expenses 2013: $3,890,488Net Income 2013: -$1,121,2542013Revenue 2014: $3,946,716Expenses 2014: $2,600,225Net Income 2014: $1,346,4912014Revenue 2015: $1,292,906Expenses 2015: $2,961,219Net Income 2015: -$1,668,3132015Revenue 2016: $2,756,383Expenses 2016: $2,557,529Net Income 2016: $198,8542016Revenue 2017: $2,827,062Expenses 2017: $2,525,096Net Income 2017: $301,9662017Revenue 2018: $2,243,077Expenses 2018: $1,683,386Net Income 2018: $559,6912018Revenue 2019: $2,236,465Expenses 2019: $1,074,628Net Income 2019: $1,161,8372019Revenue 2020: $3,329,564Expenses 2020: $2,371,775Net Income 2020: $957,7892020Revenue 2021: $8,003,295Expenses 2021: $3,583,334Net Income 2021: $4,419,9612021Revenue 2022: $2,092,918Expenses 2022: $2,676,631Net Income 2022: -$583,7132022Revenue 2023: $818,045Expenses 2023: $2,374,576Net Income 2023: -$1,556,5312023Revenue 2024: $2,355,091Expenses 2024: $2,803,110Net Income 2024: -$448,0192024Revenue 2025: $2,893,008Expenses 2025: $2,452,210Net Income 2025: $440,7982025

Highlighted filing

2020

Revenue$3,329,564
Expenses$2,371,775
Net Income$957,789
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2021
Return Version
2019v5.2
Gross Receipts
$3,329,564
Mission and Program Overview

Mission

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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$7,905,813$7,165,583▼ $740,230
Savings and Temporary Cash Investments$687,868$2,235,112▲ $1,547,244
Other Notes and Loans Receivable, Net$2,187,395$1,984,523▼ $202,872
Accounts Receivable$94,261$444,132▲ $349,871
Cash and Non-Interest-Bearing Accounts$24,911$17,277▼ $7,634
Prepaid Expenses and Deferred Charges$24,740$9,215▼ $15,525
Land, Buildings, and Equipment, Net$3,399$2,628▼ $771
Total Assets$10,928,387$11,858,470▲ $930,083
Liabilities
Accounts Payable and Accrued Expenses$99,393$71,687▼ $27,706
Total Liabilities$99,393$71,687▼ $27,706
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,828,994$11,786,783▲ $957,789
Total Net Assets Fund Balance$10,828,994$11,786,783▲ $957,789
Total Liabilities and Net Assets / Fund Balance$10,928,387$11,858,470▲ $930,083

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,628$1,228$3,856
Investment Program Related Org$-3,568,155--
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thorne Sparkman IiiPresident/managing DirectorFT$217,846$36,999$254,845

Board Members and Trustees

NameTitle
Alden Anderson JrDirector
Christopher Graham EsqDirector
Dennis J Duffy EsqDirector
Raymond M MathieuDirector
Richard SpiesDirector
Robert J MacciniDirector
James C MaynardDirector (to 3/20)

Highest Paid Contractors

ContractorServicesLocationCompensation
Biograph Venture Development LLCConsulting129 BLACKSTONE BLVD, Providence, RI 02906$433,446
Revenue and Support

Revenue Composition

Contributions and Grants
$575,000
Program Service Revenue
$651,643
Investment Income
$510
Other Revenue
$2,102,411
Change in Net Assets
$957,789

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,329,564
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,329,564
Total Revenue per Form 990
$3,329,564
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,877,749
Salaries, Compensation, and Employee Benefits$494,026
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$648,774$6,308-$655,082
Current Officers, Directors, Trustees, and Key Employees$264,383$88,128-$352,511
Other Salaries and Wages$79,860$26,620-$106,480
Fees for Services Legal$46,134$2,034-$48,168
Fees for Services Accounting$43,108$713-$43,821
Insurance$17,903$6,219-$24,122
Payroll Taxes$16,704$5,568-$22,272
Occupancy$19,817$2,207-$22,024
Information Technology$16,895--$16,895
Travel$9,921$104-$10,025
Other Employee Benefits$8,073$1,455-$9,528
Office Expenses$6,413$80-$6,493
Other Expenses$6,009$49-$6,058
Pension Plan Contributions$2,426$809-$3,235
Depreciation Depletion$385$386-$771
Total Functional Expenses$2,231,095$140,680$0$2,371,775

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,371,775
Total Expenses per Audited Statements$2,371,775
Total Expenses per Form 990$2,371,775
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-PresidentIndividual Serves as Director of a Loan/equity Recipient Company.No$433,446
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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 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.”

Filing and Contact Details

Filer

Filer Name
Slater Technology Fund Inc
EIN
06-1493673
Phone
4018316633
Address
PO BOX 9142, PROVIDENCE, RI 02940

Signing Officer

Name
Thorne Sparkman Iii
Title
President
Phone
4018316633
Signed
2021-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thorne Sparkman Iii
Formed
1997
Legal Domicile
Ri
Voting Board Members
6
Independent Board Members
6
Employees
2
Volunteers
0

Preparer

Firm
Kahn Litwin Renza & Co Ltd
Address
951 NORTH MAIN STREET, PROVIDENCE, RI 02904
Preparer
Patrick J Martin
Phone
4012742001
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Payroll service: program service expenses 2,973. Management and general expenses 425. Fundraising expenses 0. Total expenses 3,398. Consulting: program service expenses 645,801. Management and general expenses 5,883. Fundraising expenses 0. Total expenses 651,684.”

Financial Statement Notes

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.”

Raw XML AppendixShowing 400 of 534 raw XML fields

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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IRS990/MissionDesc0TO 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt010828994
IRS990/NetAssetsOrFundBalancesEOYAmt011786783
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt010828994
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt011786783
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt02207
IRS990/OccupancyGrp/ProgramServicesAmt019817
IRS990/OccupancyGrp/TotalAmt022024
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt080
IRS990/OfficeExpensesGrp/ProgramServicesAmt06413
IRS990/OfficeExpensesGrp/TotalAmt06493
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01455
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt08073
IRS990/OtherEmployeeBenefitsGrp/TotalAmt09528
IRS990/OtherExpensesGrp/Desc0LOAN IMPAIRMENT EXPENSE
IRS990/OtherExpensesGrp/Desc1INVESTMENT IMPAIRMENT E
IRS990/OtherExpensesGrp/Desc2DUES, PUBLICATIONS AND
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt049
IRS990/OtherExpensesGrp/ProgramServicesAmt0593320
IRS990/OtherExpensesGrp/ProgramServicesAmt1450970
IRS990/OtherExpensesGrp/ProgramServicesAmt26009
IRS990/OtherExpensesGrp/TotalAmt0593320
IRS990/OtherExpensesGrp/TotalAmt1450970
IRS990/OtherExpensesGrp/TotalAmt26058
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0GAIN - CONCORDIA DISSOLUTION
IRS990/OtherRevenueMiscGrp/ExclusionAmt02102411
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02102411
IRS990/OtherRevenueTotalAmt02102411
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt026620
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt079860
IRS990/OtherSalariesAndWagesGrp/TotalAmt0106480
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02187395
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01984523
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05568
IRS990/PayrollTaxesGrp/ProgramServicesAmt016704
IRS990/PayrollTaxesGrp/TotalAmt022272
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0809
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02426
IRS990/PensionPlanContributionsGrp/TotalAmt03235
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt024740
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09215
IRS990/PrincipalOfficerNm0THORNE SPARKMAN III
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0DIVS - INV IN QUAL ENTITIES
IRS990/ProgramServiceRevenueGrp/Desc1INT - TECH DEV LOANS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0410646
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1240997
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0410646
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1240997
IRS990/ProgSrvcAccomActy2Grp/Desc0VENTURE SUPPORT - PROVIDED TECHNICAL, BUSINESS DEVELOPMENT ASSISTANCE, AND PUBLIC RELATIONS TO OVER SIXTY (60) QUALIFYING ENTITIES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01186805
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0EQUITY INVESTMENTS IN QUALIFIED COMPANIES - INVESTED IN FIVE (5) QUALIFIED COMPANIES IN ORDER TO PROVIDE THEM WITH THE CAPITAL INFUSION NECESSARY TO INTRODUCE PRODUCTS IN RHODE ISLAND.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0450970
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0240997
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0267431
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03087
IRS990/PYOtherExpensesAmt0671760
IRS990/PYOtherRevenueAmt01415195
IRS990/PYProgramServiceRevenueAmt0550752
IRS990/PYRevenuesLessExpensesAmt01161837
IRS990/PYSalariesCompEmpBnftPaidAmt0402868
IRS990/PYTotalExpensesAmt01074628
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02236465
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0957789
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0410646
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0687868
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02235112
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0575000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0267431
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01158003
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01945000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02100510
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06045944
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0510
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt08284
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0337
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt018517
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt036398
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt064046
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03045368
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0912632
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt031154
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt063907
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt05436
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01013129
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.84880
IRS990ScheduleA/PublicSupportPY170Pct00.74280
IRS990ScheduleA/PublicSupportTotal170Amt06045944
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0575000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0267431
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01158003
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01945000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02100510
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06045944
IRS990ScheduleA/TotalSupportAmt07123119
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/EquipmentGrp/BookValueAmt02628
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01228
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03856
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02371775
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt09021807
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt11711931
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2-3568155
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0EQUITY INVESTMENTS IN QUALIFIED COMPANIES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1EQUITY INVESTMENTS IN DIVIDENDS RECEIVABLE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2LESS INVESTMENTS IMPAIRMENT RESERVE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03329564
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02628
IRS990ScheduleD/TotalBookValueProgramRltdAmt07165583
IRS990ScheduleD/TotalExpensesPerForm990Amt02371775
IRS990ScheduleD/TotalRevenuePerForm990Amt03329564
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03329564
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02371775
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0217846
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt08835
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt028164
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0THORNE SPARKMAN III
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/MANAGING DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0254845
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0THORNE SPARKMAN III
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1RICHARD G HORAN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0PRESIDENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1FORMER PRESIDENT/OWNER OF BIOGRAPH VENTURES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0433446
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0INDIVIDUAL SERVES AS DIRECTOR OF A LOAN/EQUITY RECIPIENT COMPANY.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1INDIVIDUAL SERVES AS OWNER OF A COMPANY THAT THE ORGANIZATION DOES BUSINESS WITH
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AT 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUALLY 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SLATER 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PAYROLL SERVICE: PROGRAM SERVICE EXPENSES 2,973. MANAGEMENT AND GENERAL EXPENSES 425. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,398. CONSULTING: PROGRAM SERVICE EXPENSES 645,801. MANAGEMENT AND GENERAL EXPENSES 5,883. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 651,684.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,858,470
Liabilities
$71,687
Net assets
$11,786,783
Revenue
$3,329,564
Expenses
$2,371,775
Net income
$957,789
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.3$0.09$15.2$2.89$2.45$0.44
2024Detailed filing. Detailed filing data is available for this year.$14.6$0.09$14.5$2.36$2.80$0.45
2023Detailed filing. Detailed filing data is available for this year.$14.2$0.14$14.1$0.82$2.37$1.56
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.9$0.33$15.6$2.09$2.68$0.58
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.4$0.18$16.2$8.00$3.58$4.42
2020Detailed filing. Detailed filing data is available for this year.$11.9$0.07$11.8$3.33$2.37$0.96
2019Detailed filing. Detailed filing data is available for this year.$10.9$0.10$10.8$2.24$1.07$1.16
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.99$0.32$9.67$2.24$1.68$0.56
2017Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$9.24$0.13$9.11$2.83$2.53$0.30
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.02$0.22$8.81$2.76$2.56$0.20
2015Summary only. Only limited summary data is available for this year.$8.76$0.15$8.61$1.29$2.96$1.67
2014Summary only. Only limited summary data is available for this year.$10.4$0.16$10.3$3.95$2.60$1.35
2013Summary only. Only limited summary data is available for this year.$9.12$0.20$8.93$2.77$3.89$1.12
2012Summary only. Only limited summary data is available for this year.$10.2$0.12$10.0$4.05$1.86$2.20
2011Summary only. Only limited summary data is available for this year.$7.96$0.05$7.91$2.52$1.84$0.68