2025-02-25T13:42:18-06:00 2024-06-30 161131146 BONADIO & CO LLP 171 SULLYS TRAIL SUITE 201 PITTSFORD NY 14534 990 2023-07-01 201862628 EXCELL PARTNERS INC EXCE 5854587333 150 VERONA STREET ROCHESTER NY 14608 THERESA MAZZULLO CHIEF EXECUTIVE OFFICER 5854587333 2025-02-24 1 0 DAVID DINOLFO P01355433 5853811000 2025-02-24 2023 2025-03-06 01:10:19Z X THERESA MAZZULLO 150 VERONA STREET ROCHESTER NY 14608 1014483 0 X WWW.EXCELLNY.COM X 2005 NY TO PROVIDE FINANCIAL SUPPORT, EDUCATION, MANAGEMENT SUPPORT AND NETWORKING CONNECTIONS TO TECHNOLOGY-BASED START-UP COMPANIES EMERGING FROM THE COMMUNITIES, UNIVERSITIES AND RESEARCH CENTERS ACROSS UPSTATE NEW YORK. 10 8 0 0 0 0 196229 206817 0 0 16671 29036 734811 778630 947711 1014483 0 0 0 0 54780 56276 0 0 0 1007924 940371 1062704 996647 -114993 17836 4820342 4750613 75133 73310 4745209 4677303 THE COMPANY'S MISSION IS TO PROVIDE FINANCIAL SUPPORT, EDUCATION, MANAGEMENT SUPPORT AND NETWORKING CONNECTIONS TO TECHNOLOGY-BASED START-UP COMPANIES EMERGING FROM THE COMMUNITIES, UNIVERSITIES, AND RESEARCH CENTERS ACROSS UPSTATE NEW YORK. 0 0 PROVIDE FINANCIAL SUPPORT TO TECHNOLOGY BASED START-UPS IN THE FORM OF EQUITY AND CONVERTIBLE NOTES, TO BE USED FOR ENTITY FORMATION, BUSINESS PLANS, MARKET ASSESSMENT, RECRUITMENT AND TECHNOLOGY DEVELOPMENT. PROVIDE EDUCATIONAL AND MANAGEMENT SUPPORT, AS WELL AS CONNECTIONS TO EARLY STAGE VENTURE CAPITAL FIRMS. 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 8 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X EXCELL PARTNERS INC 5854587341 150 VERONA STREET ROCHESTER NY 14608 MICHAEL MANIKOWSKI DIRECTOR 0.30 X 0 0 0 THERESA MAZZULLO CHIEF EXECUTIVE OFFICER 40.00 X X 0 270516 59097 JOEL MALINA DIRECTOR 0.30 X 0 0 0 PETER ROBINSON CHAIRMAN OF THE BOARD 0.50 X 0 0 0 STEVE MCCLUSKI DIRECTOR 0.30 X 0 0 0 YORAM KATZ CHIEF OPERATING OFFICER 40.00 X X 0 262128 66680 STEVEN FELDON DIRECTOR 0.30 X 0 0 0 DENNIS KESSLER DIRECTOR 0.30 X 0 0 0 DAVID KLEIN DIRECTOR 0.30 X 0 0 0 RYNE RAFFAELLE DIRECTOR 0.30 X 0 0 0 0 532644 125777 0 0 1 0 0 206817 206817 29036 29036 MANAGEMENT FEES 541610 590000 590000 CONSULTING FEES 541610 118942 118942 CONTRIBUTED SERVICES 900099 69688 69688 778630 1014483 807666 0 0 56276 56276 847753 847753 29316 29316 10329 10329 18607 18607 7792 7792 15197 15197 1143 1143 TELEPHONE 6752 6752 SPONSORSHIPS 2592 2592 DUES AND SUBSCRIPTIONS 890 890 996647 0 996647 0 45000 45000 868510 464421 62500 127608 16000 6000 44762 44762 0 0 3752923 3721869 75409 385715 4820342 4750613 75133 73310 75133 73310 X 4745209 4677303 4745209 4677303 4820342 4750613 X 17836 348008 -433750 X 0 1 X 1 0 X 213101 40412 196229 206817 656559 952686 843823 784497 734811 778630 4094447 952686 1056924 824909 931040 985447 4751006 0 0 0 4751006 952686 1056924 824909 931040 985447 4751006 1.00000 1.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 44762 44762 0 0 EQUITY/CONVERTIBLE NOTE INVESTMENTS IN VARIOUS HIGH TECH START-UP COMPANIES 3721869 F 3721869 DUE FROM EXCELL TECHNOLOGY VENTURES, INC. 385715 385715 1014483 0 1014483 0 1014483 996647 0 996647 0 996647 X 0 0 0 0 0 0 0 0 0 THERESA MAZZULLO CHIEF EXECUTIVE OFFICER 0 270516 0 0 0 0 0 0 0 0 0 270516 0 0 YORAM KATZ CHIEF OPERATING OFFICER 0 262128 0 0 0 0 0 0 0 0 0 262128 0 0 PART I, LINE 3 COMPENSATION OF THE ORGANIZATION'S CEO IS APPROVED BY THE COMMITTEE ON COMPLIANCE AND COMPENSATION OF THE UNIVERSITY OF ROCHESTER. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF EXCELL PARTNERS, INC. IS THE UNIVERSITY OF ROCHESTER. THE MEMBER HAS THE AUTHORITY TO ELECT THE GOVERNING BODY OF EXCELL PARTNERS, INC., AND UNDER NEW YORK LAW CERTAIN DECISIONS OF THE EXCELL PARTNERS BOARD ARE SUBJECT TO THE APPROVAL OF THE MEMBER. SUCH DECISIONS INCLUDE AMENDMENT OF THE CERTIFICATE OF INCORPORATION AND BYLAWS, AND APPROVAL OF SALE OF ALL OR SUBSTANTIALLY ALL ASSETS, A MERGER, OR DISSOLUTION OF THE ENTITY. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER OF EXCELL PARTNERS, INC. IS THE UNIVERSITY OF ROCHESTER. THE MEMBER HAS THE AUTHORITY TO ELECT THE GOVERNING BODY OF EXCELL PARTNERS, INC., AND UNDER NEW YORK LAW CERTAIN DECISIONS OF THE EXCELL PARTNERS BOARD ARE SUBJECT TO THE APPROVAL OF THE MEMBER. SUCH DECISIONS INCLUDE AMENDMENT OF THE CERTIFICATE OF INCORPORATION AND BYLAWS, AND APPROVAL OF SALE OF ALL OR SUBSTANTIALLY ALL ASSETS, A MERGER, OR DISSOLUTION OF THE ENTITY. FORM 990, PART VI, SECTION A, LINE 7B THE SOLE MEMBER OF EXCELL PARTNERS, INC. IS THE UNIVERSITY OF ROCHESTER. THE MEMBER HAS THE AUTHORITY TO ELECT THE GOVERNING BODY OF EXCELL PARTNERS, INC., AND UNDER NEW YORK LAW CERTAIN DECISIONS OF THE EXCELL PARTNERS BOARD ARE SUBJECT TO THE APPROVAL OF THE MEMBER. SUCH DECISIONS INCLUDE AMENDMENT OF THE CERTIFICATE OF INCORPORATION AND BYLAWS, AND APPROVAL OF SALE OF ALL OR SUBSTANTIALLY ALL ASSETS, A MERGER, OR DISSOLUTION OF THE ENTITY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE PRESIDENT. UPON SATISFACTORY COMPLETION OF THOSE REVIEWS, A COPY IS PROVIDED TO EACH DIRECTOR FOR THEIR REVIEW AND COMMENTS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST DISCLOSURE FORMS ARE REQUESTED ANNUALLY FROM DIRECTORS, OFFICERS, AND KEY EMPLOYEES. DIRECTORS, OFFICERS, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST INVOLVING ANY PROPOSED CONTRACT OR TRANSACTIONS TO BE EXECUTED BY THE CORPORATION. UNDER THE CORPORATION'S CONFLICT OF INTEREST POLICY, THE BOARD WOULD REVIEW THE PROPOSED CONTRACT OR TRANSACTION IN LIGHT OF THE FACTS AND CIRCUMSTANCES AND APPROVE ONLY THOSE IN WHICH THE TERMS ARE FAIR AND REASONABLE TO THE CORPORATION AND ARE CONSISTENT WITH THE BEST INTEREST OF THE CORPORATION. THE BOARD DOCUMENTS THE BASIS FOR ITS DECISION IN THE MINUTES OF THE MEETING AT WHICH THE DECISION IS MADE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEW AND APPROVAL: WRITTEN SELF-EVALUATIONS AND PERFORMANCE EVALUATIONS FOR EXCELL PARTNERS' OFFICERS AND KEY EMPLOYEES ANNUALLY ARE REVIEWED BY THE COMMITTEE ON COMPLIANCE AND COMPENSATION OF THE UNIVERSITY OF ROCHESTER BOARD OF TRUSTEES. THE COMMITTEE HAS AVAILABLE THE EVALUATION FROM THE CHAIR OF EXCELL PARTNERS' BOARD. THE COMMITTEE REVIEWS AND APPROVES TOTAL COMPENSATION FOR OFFICERS AND KEY EMPLOYEES AND CONSIDERS, IN ADDITION TO THE EVALUATIONS, THE SCOPE OF THE INDIVIDUAL'S JOB RESPONSIBILITIES, PREVIOUS COMPENSATION AND COMPARABLE COMPENSATION PAID TO PEOPLE WITH SIMILAR RESPONSIBILITIES AT COMPARABLE INSTITUTIONS. THE COMPARABLE INFORMATION IS PROVIDED BY AN INDEPENDENT CONSULTANT AND IS BASED ON LOCAL, REGIONAL, AND NATIONAL COMPENSATION SURVEYS. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION THROUGH VARIOUS METHODS. THE FORM 990 IS AVAILABLE UPON REQUEST OR THROUGH GUIDESTAR. FORM 990, PART VI, SECTION C, LINE 19 EXCELL PARTNERS, INC.'S FORM 1024 AND FORM 990 ARE AVAILABLE ON REQUEST AND ON GUIDESTAR.ORG. ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT ROUTINELY MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: REALIZED LOSS ON INVESTMENT -433,750. UNIVERSITY OF ROCHESTER 910 GENESEE STREET SUITE 200 ROCHESTER NY 14611 160743209 SCHOOL NY 501(C)(3) LINE 2 N/A 0 EXCELL INNOVATE NY FUND LP 343 STATE STREET KODAK TOWER 2ND FL ROCHESTER NY 14650 FUNDING FOR START-UP COMPANIES NY EXCELL TECHNOLOGY VENTURES RELATED 0 0 EXCELL PARTNERS INNOVATION TC FUND 343 STATE STREET KODAK TOWER 2ND FL ROCHESTER NY 14650 FUNDING FOR START-UP COMPANIES NY EXCELL TECHNOLOGY VENTURES RELATED 0 0 EXCELL MINORITY AND WOMEN-OWNED EMERGING BUSINESS FUND 343 STATE STREET KODAK TOWER 2ND FL ROCHESTER NY 14650 FUNDING FOR START-UP COMPANIES NY EXCELL TECHNOLOGY VENTURES RELATED 0 0 FINGER LAKES VENTURE FUND 343 STATE STREET KODAK TOWER 2ND FL ROCHESTER NY 14650 FUNDING FOR START-UP COMPANIES NY EXCELL TECHNOLOGY VENTURES RELATED 0 0 EXCELL TECHNOLOGY VENTURES INC 343 STATE STREET KODAK TOWER 2ND FL ROCHESTER NY 14650 GENERAL PARTNER OF EXCELL INNOVATE NY FUND, LP NY ROCHESTER BIOVENTURE CENTER INC C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 EXCELL TECHNOLOGY VENTURES INC L 590000 CONTRACTUAL MANAGEMENT FEE UNIVERSITY OF ROCHESTER P 847753 ACTUAL PAYROLL COSTS INCURRED