NonprofitsSlater Technology Fund Inc

Science & Technology

Slater Technology Fund Inc

PROVIDENCE, RI

Total revenue

$2.4M

Total expenses

$2.8M

Net assets

$14.5M

Grants received

EIN

061493673

Tax year

2023

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 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.

Programs

2 programs

Venture support - provided technical, business development assistance, and public relations to over sixty (60) qualifying entities.

Expenses: $1.1M

Equity investments in qualified companies - invested in three (3) r.i. Qualified companies in order to provide them with the capital infusion necessary to introduce products in rhode island.

Expenses: $1.0M

Financials

FY 2023

Revenue

Contributions & grants$1.8M
Program service revenue$398K
Investment income$204K
Other revenue
Total revenue$2.4M

Expenses

Grants paid
Salaries & benefits$681K
Fundraising
Other expenses$2.1M
Total expenses$2.8M
Total assets$14.6M
Net assets$14.5M

People

12 listed

NameRoleCompensation

THORNE SPARKMAN III

PRESIDENT/MANAGING DIRECTOR

Board

$308K

40 hrs/wk

ROBERT CHATHAM

VICE PRESIDENT (AS OF 12/24)

Board

$209K

40 hrs/wk

CHRISTOPHER GRAHAM ESQ

DIRECTOR

Board

1 hrs/wk

ALDEN ANDERSON JR

DIRECTOR

Board

1 hrs/wk

NANCY GRAY

DIRECTOR

Board

1 hrs/wk

DONALD L STANFORD

DIRECTOR

Board

1 hrs/wk

LARRY LARSON

CHAIRMAN

Board

1 hrs/wk

DENNIS J DUFFY ESQ

DIRECTOR (TO 06/24)

Board

1 hrs/wk

PATRICE MILOS PHD

DIRECTOR (TO 06/24)

Board

1 hrs/wk

CHRISTOPHER MULVANEY

CFO

Board

5 hrs/wk

JAYNE M DONEGAN ESQ

DIRECTOR

Board

1 hrs/wk

ROBERT J MACCINI

DIRECTOR

Board

1 hrs/wk

Details

EIN061493673
NTEE codeU30Z
Subsection03
Ruling date1998-12
Formed1997
Employees3
Volunteers9
SLATER TECHNOLOGY FUND INC — Mission, Financials & Grants Received | Grantivo