2024-05-14T19:38:06-05:00 2023-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 40 WESTMINSTER STREET SUITE 600 PROVIDENCE RI 02903 990 2022-07-01 222859005 RHODE ISLAND PBS FOUNDATION RHOD 4012223636 50 PARK LANE PROVIDENCE RI 02907 DAVID PICCERELLI PRESIDENT 4012223636 2024-02-15 1 DAVID PICCERELLI 999009999 1 GARRETT M HIGGINS P00543209 4016216200 2024-05-10 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAVID PICCERELLI 50 PARK LANE PROVIDENCE RI 02907 23486886 0 X WWW.RIPBS.ORG X 1987 RI TO EDUCATE, INFORM, ENRICH, AND INSPIRE OUR VIEWERS OF ALL AGES. 17 16 96 75 128928 51043 2196415 2315704 1431300 1438691 7055801 -1004021 172908 195495 10856424 2945869 91177 75500 0 0 5434032 5694389 0 0 870950 3575455 4496135 9100664 10266024 1755760 -7320155 103109647 108013174 1387064 3530788 101722583 104482386 X WITH THE SUPPORT OF OUR MEMBERS AND SPONSORS, WE SERVE THE NEEDS OF ALL GENERATIONS WITHIN RHODE ISLAND AND SOUTHEASTERN MASSACHUSETTS. WE SPARK IMAGINATION, EXPLORE OUR HISTORY AND REFLECT THE VALUES OF OUR DIVERSE COMMUNITY. GUIDED BY CIVIC ENGAGEMENT, WE PROVIDE UNIQUE, HIGH-QUALITY LOCAL, NATIONAL AND INTERNATIONAL PROGRAMMING, AND DIGITAL CONTENT THAT EDUCATES, INSPIRES AND ENGAGES. 0 0 6073820 75500 1438691 COMMITTED TO THE PRINCIPLE OF LIFE-LONG LEARNING, AND IN RESPONSE TO THE INTERESTS EXPRESSED BY OUR VIEWERS, RHODE ISLAND PBS, AS A NON-COMMERCIAL EDUCATIONAL BROADCAST LICENSEE, USES THE POWER OF PUBLIC MEDIA TO PRODUCE AND PRESENT CREATIVE CONTENT AND LEARNING OPPORTUNITIES IN FURTHERANCE OF OUR MISSION TO EDUCATE, INFORM, ENRICH AND INSPIRE OUR VIEWERS OF ALL AGES IN RHODE ISLAND, SOUTHEASTERN MASSACHUSETTS AND EASTERN CONNECTICUT. 6073820 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 57 0 96 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 17 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 RI X X MARY-CATHERINE ARMSTRONG 4012223636 50 PARK LANE PROVIDENCE RI 02907 DAVID PICCERELLI PRESIDENT 40.00 X X 180407 0 29666 DAVID LAVERTY CHAIR 5.00 X X 0 0 0 DENISE PARENT SECRETARY 3.00 X X 0 0 0 NICHOLAS DENICE TREASURER 3.00 X X 0 0 0 DOMINIQUE ALFANDRE DIRECTOR 1.50 X 0 0 0 KAMILAH A'VANT DIRECTOR 1.50 X 0 0 0 DANTE BELLINI DIRECTOR 3.00 X 0 0 0 ERIK CARLETON DIRECTOR 1.50 X 0 0 0 MELISSA CUMMINGS DIRECTOR 3.00 X 0 0 0 KAS R DECARVALHO DIRECTOR (THRU MAR 2023) 1.50 X 0 0 0 DAVID FONTES DIRECTOR 1.50 X 0 0 0 GARY GLASSMAN DIRECTOR 1.50 X 0 0 0 BARI HARLAM DIRECTOR 1.50 X 0 0 0 BARBARA HAYNES DIRECTOR 1.50 X 0 0 0 RAJANI MAHADEVAN DIRECTOR 1.50 X 0 0 0 AMANDA MCMULLEN DIRECTOR 1.50 X 0 0 0 PABLO RODRIGUEZ MD DIRECTOR 1.50 X 0 0 0 MERRILL SHERMAN DIRECTOR 3.00 X 0 0 0 MARY-CATHERINE ARMSTRONG DIRECTOR OF FINANCE/ADMIN 40.00 X 128168 0 28340 KIMBERLY KEOUGH DIRECTOR OF PRODUCTION THRU 10/19/22 40.00 X 149685 0 22208 ELIZABETH DIAS DIRECTOR OF PEG ACCESS 40.00 X 103718 0 6811 RICHARD DUNN DIRECTOR OF ENGINEERING 40.00 X 101399 0 23345 663377 0 110370 5 0 1 0 THE RDW GROUP INC 225 DYER STREET 2ND FLOOR PROVIDENCE RI 02903 ADVERTISING & CONSULTING 222591 PUBLIC BROADCASTING SERVICE 14400 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 TV NETWORK AFFILIATE 202835 TEMPTEC 84-86 SPRAGUE STREET PROVIDENCE RI 02907 HVAC SERVICES 195612 FIDUCIENT ADVISORS 100 NORTHFIELD DRIVE 4TH FL WINDSOR CT 06095 INVESTMENT MANAGEMENT 153413 THE AZOREAN GREEN BEAN LLC 48 LYNNWOOD STREET NORTH DARTMOUTH MA 02747 PROGRAMMING CONTENT 152800 5 624054 161506 218000 1312144 2315704 PEG ACCESS FEES 516100 1314283 1314283 MEMBERSHIP DUES 900099 73696 73696 PRODUCTION SERVICES 516100 50712 50712 1438691 2301690 128328 2173362 246550 246550 600 0 600 600 600 17158162 20463873 -3305711 -3305711 -3305711 24150 161506 76208 -52058 -52058 936 -936 -936 OTHER INCOME 900099 1339 1339 1339 2945869 1438691 128928 -937454 75500 75500 217843 65353 87137 65353 4219082 3368335 541584 309163 173753 120060 39262 14431 631515 456567 112587 62361 452196 298047 121114 33035 94315 9143 85172 60050 60050 184988 184988 970639 282244 641195 47200 525670 72556 330067 123047 239879 40048 168738 31093 37642 16866 10018 10758 582742 506012 50104 26626 82106 62209 13495 6402 68651 27753 31845 9053 28201 28201 1180978 462235 718743 76624 66667 5124 4833 REPAIRS & MAINTENANCE 238117 130884 89773 17460 PREMIUMS 107969 107969 MISCELLANEOUS EXPENSE 14363 10140 2057 2166 STUDIO EXPENSE 3201 3201 10266024 6073820 3321254 870950 775496 75464 3428568 1525470 254075 231909 375148 416981 9982 8488 57183 94635 10041765 5961297 4245948 4080468 84127006 78959451 9262875 20576994 573366 765264 0 1278050 103109647 108013174 496255 773506 40891 70082 849918 1402037 0 1285163 1387064 3530788 X 101446198 104174183 276385 308203 101722583 104482386 103109647 108013174 -7320155 10103140 -23182 0 X X 0 1 X 1 0 X 2386912 2680321 2279667 2196415 2315704 11859019 2386912 2680321 2279667 2196415 2315704 11859019 11859019 3047067 2083412 2456759 4550110 2466189 14603537 55742 6855 6006 82298 57714 208615 3542 501 1339 5382 26676553 7660473 0.44450 0.45010 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 3,542. 2021 AMOUNT: $ 501. 2022 AMOUNT: $ 1,339. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 164400 164400 3420558 841433 2579125 1264582 816778 447804 5069566 4208220 861346 122659 94866 27793 4080468 PRIVATE EQUITY FUNDS 19410555 F COMMUNITY FOUNDATION INVESTMENTS 1166439 F 20576994 OPERATING LEASE LIABILITIES 1285163 1285163 X 12950402 10103140 85445 936 10189521 2760881 184988 184988 2945869 10190599 108627 936 109563 10081036 184988 184988 10266024 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAX UNDER INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE IRC. THE FOUNDATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE FOUNDATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRED RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD ON FORM 990, PART VIII, LINE 10B 936. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD ON FORM 990, PART VIII, LINE 10B 936. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, INVESTMENTS 12359550 0 0 0 0 0 0 12359550 0 12359550 1 0 1 1 1 0 PART III ACCOUNTING METHOD: SCHEDULE F, PART IV: THE FOUNDATION IS NOT REQUIRED TO FILE FORMS 5471, 8865 AND 8621 AS IT DOES NOT MEET THE APPLICABLE OWNERSHIP THRESHOLDS OR OTHER FILING REQUIREMENTS. THE FOUNDATION IS REQUIRED TO FILE FORM 926 AS IT DOES MEET THE APPLICABLE FILING THRESHOLD REQUIREMENTS. AN EVENING UNCORKED 171141 146991 24150 5851 4087 10549 32024 HOLIDAY AUCTION 13375 13375 20580 1 1140 1140 3117 185656 161506 24150 5851 4087 10549 55721 76208 -52058 1 THE RHODE ISLAND COMMUNITY FOUNDATION 1 UNION SQUARE PROVIDENCE RI 02903 222604963 501(C)(3) 60000 0 JOURNALISM SCHOLARSHIPS; CIVIC LEADERSHIP FUND SQUASHBUSTERS INC 795 COLUMBUS AVE ROXBURY CROSSING MA 02120 043330698 501(C)(3) 7500 0 URBAN YOUTH DEVELOPMENT RHODE ISLAND CENTER FOR THE BOOK 110 OCHRE COURT PELL CENTER AT SALVE REGINA UNIVERSITY NEWPORT RI 02840 825478418 501(C)(3) 6000 0 READING ACROSS AMERICA PROJECT. 3 0 PART I, LINE 2: THE FOUNDATION HAS ESTABLISHED A SCHOLARSHIP FUND AT A LOCAL COMMUNITY FOUNDATION. RECIPIENTS ARE CHOSEN BY A COMMITTEE COMPRISED OF THREE (3) INDIVIDUALS FROM THE FOUNDATION, AND FOUR (4) INDIVIDUALS FROM THE COMMUNITY FOUNDATION, WITH THE COMMUNITY FOUNDATION HAVING THE MAJORITY VOTE. FUNDS ARE DISTRIBUTED FROM THE SCHOLARSHIP FUND DIRECTLY TO THE EDUCATIONAL INSTITUTION THAT THE STUDENT IS ATTENDING. THE FOUNDATION ALSO MADE ADDITIONAL GRANTS COMMUNITY 501(C)(3) PUBLIC CHARITIES IN FURTHERANCE OF ITS EDUCATIONAL MISSION. X X 1 0 0 0 0 0 0 0 0 DAVID PICCERELLI PRESIDENT 180407 0 0 0 0 0 14817 0 14849 0 210073 0 0 0 KIMBERLY KEOUGH DIRECTOR OF PRODUCTION THRU 10/19/22 91990 0 0 0 57695 0 7359 0 14849 0 171893 0 0 0 MARY-CATHERINE ARMSTRONG DIRECTOR OF FINANCE/ADMIN 128168 0 0 0 0 0 10850 0 17490 0 156508 0 0 0 PART I, LINE 4A THE DIRECTOR OF PRODUCTION RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $57,695 IN 2022. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION USES AN OUTSIDE ACCOUNTING FIRM TO PREPARE ITS FORM 990. ONCE THE FORM 990 IS PREPARED, IT IS REVIEWED BY THE PRESIDENT, THE DIRECTOR OF FINANCE, THE CHAIR OF THE BOARD, THE TREASURER, THE CHAIRPERSON OF THE GOVERNANCE COMMITTEE AND PRESENTED TO THE FINANCE & INVESTMENT COMMITTEE. ONCE APPROVED BY THE FINANCE & INVESTMENT COMMITTEE, A COPY OF THE RETURN IS PROVIDED ELECTRONICALLY TO THE FULL BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION HAS A CONFLICT OF INTEREST POLICY IN PLACE WHICH APPLIES TO THE OFFICERS, DIRECTORS, AND ANY MEMBERS OF COMMITTEES FORMED BY THE BOARD OF DIRECTORS OF THE FOUNDATION ("COVERED INDIVIDUALS"). ANNUALLY, ALL COVERED INDIVIDUALS MUST SIGN A STATEMENT AFFIRMING THAT THEY: 1) HAVE RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, 2) HAVE READ AND UNDERSTAND THE POLICY, 3) AGREE TO COMPLY WITH THE POLICY, AND 4) HAVE DISCLOSED ANY POTENTIAL OR ACTUAL CONFLICTS OF INTEREST. COVERED INDIVIDUALS MUST DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICT OF INTEREST AS THEY ARISE TO THE BOARD OF DIRECTORS OR THE RELEVANT COMMITTEE(S) CONSIDERING A PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF ALL RELEVANT FACTS, THE PERSON HAVING THE POTENTIAL OR ACTUAL CONFLICT OF INTEREST ("INTERESTED PERSON") MUST LEAVE THE MEETING, AND THE REMAINING DISINTERESTED PERSONS DETERMINE WHETHER AN ACTUAL CONFLICT OF INTEREST IS PRESENT. IF THE DISINTERESTED PERSONS DETERMINE A CONFLICT OF INTEREST IS PRESENT, THE CHAIR OF THE BOARD OR THE COMMITTEE HAS THE POWER TO APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE, THE BOARD OR COMMITTEE DECIDES WHETHER TO PROCEED WITH THE PROPOSED TRANSACTION OR ARRANGEMENT BY A MAJORITY VOTE OF THE DISINTERESTED PERSONS PRESENT. THE BOARD OR COMMITTEE MAY ALSO CONSULT WITH THE FOUNDATION'S LEGAL COUNSEL IF WARRANTED. ADDITIONALLY, THE FOUNDATION HAS A GOVERNANCE COMMITTEE WITH THE AUTHORITY TO CONDUCT PERIODIC REVIEWS AS THE COMMITTEE DEEMS FIT. FORM 990, PART VI, SECTION B, LINE 15A THE FOUNDATION HAS A PROCESS IN PLACE FOR EVALUATING THE COMPENSATION PACKAGE OF ITS PRESIDENT WHICH INCLUDES: 1. REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS THROUGH THE ANNUAL BUDGETARY PROCESS, 2. USE OF COMPARABLE DATA OBTAINED THROUGH THE CORPORATION FOR PUBLIC BROADCASTING PORTAL FOR INDIVIDUALS IN SIMILAR ROLES, 3. CONTEMPORANEOUS DOCUMENTATION OF ANY DELIBERATIONS AND DECISIONS REGARDING THE PRESIDENT'S COMPENSATION PACKAGE. THIS PROCESS WAS UNDERTAKEN DURING FY2023. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS FORM 990 AND FORM 1023 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE FOUNDATION MAKES ITS AUDITED FINANCIAL STATEMENTS AND FORM 990 AVAILABLE ON ITS WEBSITE. ADDITIONALLY, THE FORM 990, AUDITED FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION, AND BYLAWS ARE AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE FOUNDATION DIRECTLY. FORM 990, PART XII, LINE 2C: THE FOUNDATION HAS A COMMITTEE THAT IS CHARGED WITH OVERSEEING THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR.