2025-05-13T20:59:45-05:00 2024-06-30 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 40 WESTMINSTER STREET SUITE 600 PROVIDENCE RI 02903 990 2023-07-01 222859005 RHODE ISLAND PBS FOUNDATION AND THE PUBLIC'S RADIO RHOD 4012223636 50 PARK LANE PROVIDENCE RI 02907 PAM JOHNSTON PRESIDENT & CEO 4012223636 2025-02-15 1 1 GARRETT M HIGGINS P00543209 4016216200 2025-05-09 2023 2025-03-06 01:10:19Z X PAM JOHNSTON 50 PARK LANE PROVIDENCE RI 02907 26077867 0 X WWW.RIPBS.ORG X 1987 RI WE EXIST TO TELL STORIES WITH, FOR, AND ABOUT OUR COMMUNITY. 22 21 93 73 31173 0 2315704 3580714 1438691 2174265 -1004021 4715319 195495 182050 2945869 10652348 75500 108000 0 0 5694389 6329783 0 0 1015458 4496135 5317843 10266024 11755626 -7320155 -1103278 108013174 119874449 3530788 4822376 104482386 115052073 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 6452075 108000 2174265 WE OPERATE SOLELY FOR CHARITABLE AND EDUCATIONAL PURPOSES. WE HOLD, ACQUIRE, AND MANAGE NON-COMMERCIAL TELEVISION AND RADIO LICENSES TO ADVANCE A WIDE ARRAY OF ARTISTIC, CIVIC, CULTURAL, EDUCATIONAL, INFORMATIONAL, AND ENTERTAINMENT PROGRAMMING. WE CREATE, DEVELOP, AND DISTRIBUTE HIGH-QUALITY LOCAL NON-COMMERCIAL CONTENT VIA TELEVISION, RADIO, AND DIGITAL FORMATS TO INFORM, ENGAGE, INSPIRE, AND CONNECT ALL MEMBERS OF OUR COMMUNITY, REGARDLESS OF THEIR CIVIC, CULTURAL, EDUCATIONAL, GEOGRAPHIC, OR SOCIOECONOMIC PREFERENCES OR BACKGROUND. WE EXIST TO TELL STORIES WITH, FOR, AND ABOUT OUR COMMUNITY. 6452075 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 46 0 93 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 22 21 0 0 1 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, CO-CEO (AS OF MAY 2024) 40.00 X X 185658 0 35071 TOREY MALATIA CO-CEO (EFF. MAY 2024) 40.00 X X 0 0 0 DAVID LAVERTY CO-CHAIR 5.00 X X 0 0 0 ELIZABETH DELUDE-DIX CO-CHAIR 5.00 X X 0 0 0 DENISE PARENT SECRETARY (THRU APRIL 2024) 3.00 X X 0 0 0 MEREDITH CURREN SECRETARY 3.00 X X 0 0 0 NICHOLAS DENICE TREASURER 3.00 X X 0 0 0 DOMINIQUE ALFANDRE DIRECTOR (THRU APRIL 2024) 1.50 X 0 0 0 KAMILAH A'VANT DIRECTOR (THRU APRIL 2024) 1.50 X 0 0 0 MICHAEL BEAUREGARD DIRECTOR 3.00 X 0 0 0 DANTE BELLINI DIRECTOR (THRU APRIL 2024) 3.00 X 0 0 0 ERIK CARLETON DIRECTOR (THRU APRIL 2024) 1.50 X 0 0 0 MELISSA CUMMINGS DIRECTOR 3.00 X 0 0 0 DAVID FONTES DIRECTOR 1.50 X 0 0 0 ELIZABETH FRANCIS DIRECTOR 1.50 X 0 0 0 GARY GLASSMAN DIRECTOR 1.50 X 0 0 0 BARI HARLAM DIRECTOR 3.00 X 0 0 0 BARBARA HAYNES DIRECTOR 1.50 X 0 0 0 JOHN HOEY DIRECTOR 3.00 X 0 0 0 SCOT JONES DIRECTOR 1.50 X 0 0 0 RAJANI MAHADEVAN DIRECTOR 1.50 X 0 0 0 GINA MCDONALD DIRECTOR 3.00 X 0 0 0 AMANDA MCMULLEN DIRECTOR 1.50 X 0 0 0 SUSAN RITTSCHER DIRECTOR 3.00 X 0 0 0 PABLO RODRIGUEZ MD DIRECTOR 1.50 X 0 0 0 MERRILL SHERMAN DIRECTOR 3.00 X 0 0 0 CAROLYN WIESENHAHN DIRECTOR 1.50 X 0 0 0 MARY-CATHERINE ARMSTRONG DIRECTOR OF FINANCE/ADMIN 40.00 X 131729 0 33835 JAN BOYD CHIEF CONTENT OFFICER 40.00 X 142074 0 13605 ELIZABETH DIAS DIRECTOR OF PEG ACCESS 40.00 X 106127 0 8054 KRISTEN HAFFENREFFER DIRECTOR OF DEVELOPMENT 40.00 X 121004 0 9562 BARBARA DURY EXECUTIVE PRODUCER 40.00 X 104571 0 18918 791163 0 119045 7 0 1 0 THE RDW GROUP INC 225 DYER STREET 2ND FLOOR PROVIDENCE RI 02903 ADVERTISING & CONSULTING 326459 PUBLIC BROADCASTING SERVICE 14400 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 TV NETWORK AFFILIATE 198582 FIDUCIENT ADVISORS 100 NORTHFIELD DRIVE 4TH FLOOR WINDSOR CT 06095 INVESTMENT MANAGEMENT 192828 WATERS CREATIVE LLC 1946 NW OVERTON STREET PORTLAND OR 97209 PROGRAMMING CONTENT 145000 HINCKLEY ALLEN & SNYDER LLP 14 WALL STREET NEW YORK NY 10005 LEGAL SERVICES 141770 6 655184 175155 218000 2532375 3580714 PEG ACCESS FEES 516100 2057799 2057799 MEMBERSHIP DUES 900099 64033 64033 PRODUCTION SERVICES 516100 52433 52433 2174265 3028436 9830 3018606 265400 265400 17003965 15317082 1686883 1686883 21343 1665540 22800 175155 107875 -85075 -85075 562 -562 -562 OTHER INCOME 900099 2287 2287 2287 10652348 2174265 31173 4866196 X 108000 108000 267790 80337 107116 80337 4760481 3578775 798410 383296 207619 134612 56754 16253 662120 470001 117033 75086 431773 299548 70518 61707 249543 7106 242437 75528 75528 210968 210968 1734752 159140 1526618 48994 186079 139761 3052 43266 342491 26222 175597 140672 63662 45616 6494 11552 528193 480593 31300 16300 76002 51456 23402 1144 56044 11723 36628 7693 56193 56193 74830 74830 1116328 552934 563394 76885 66833 4768 5284 REPAIRS & MAINTENANCE 360873 202577 106633 51663 PREMIUMS 92277 29615 62662 MISCELLANEOUS EXPENSE 15978 6009 420 9549 STUDIO EXPENSE 1217 1217 11755626 6452075 4288093 1015458 75464 697526 1525470 2197173 231909 293134 416981 555503 8488 7044 94635 225157 12968063 8071713 4080468 4896350 78959451 73935788 20576994 31276343 765264 3564088 1278050 2226343 108013174 119874449 773506 1335003 70082 130130 1402037 1085062 1285163 2272181 3530788 4822376 X 104174183 114296753 308203 755320 104482386 115052073 108013174 119874449 X -1103278 7450430 -23895 4246430 X X 0 1 X 1 0 X 2680321 2279667 2196415 2315704 3580714 13052821 2680321 2279667 2196415 2315704 3580714 13052821 13052821 2083412 2456759 4550110 2466189 3284006 14840476 6855 6006 82298 57714 152873 3542 501 1339 2287 7669 28053839 8166975 0.46530 0.44450 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 3,542. 2021 AMOUNT: $ 501. 2022 AMOUNT: $ 1,339. 2023 AMOUNT: $ 2,287. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 354400 354400 3866079 992237 2873842 1264582 856034 408548 7077861 5844248 1233613 405141 379194 25947 4896350 PRIVATE EQUITY FUNDS 30069729 F COMMUNITY FOUNDATION INVESTMENTS 1206614 F 31276343 OPERATING LEASE LIABILITIES 2272181 2272181 X 22259893 7450430 121091 4246992 11818513 10441380 210968 210968 10652348 11690206 144986 562 145548 11544658 210968 210968 11755626 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 562. TRANSFER OF NET ASSETS FROM MERGER WITH THE PUBLIC'S RADIO 4,246,430. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD ON FORM 990, PART VIII, LINE 10B 562. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 14119370 0 0 0 0 0 0 14119370 0 14119370 0 0 1 1 1 0 SCHEDULE F, PART IV: THE FOUNDATION IS NOT REQUIRED TO FILE FORMS 5471, AND 8621 AS IT DOES NOT MEET THE APPLICABLE OWNERSHIP THRESHOLDS OR OTHER FILING REQUIREMENTS. THE FOUNDATION IS NOT REQUIRED TO FILE FORM 926 AS IT DOES NOT MEET THE APPLICABLE FILING THRESHOLD REQUIREMENTS. THE FOUNDATION IS REQUIRED TO FILE FORM 8865 AS IT DOES MEET THE APPLICABLE FILING THRESHOLD REQUIREMENTS. AN EVENING UNCORKED 181299 158499 22800 8262 3018 4550 87744 HOLIDAY AUCTION 16656 16656 3710 1 500 91 197955 175155 22800 3710 8762 3109 4550 87744 107875 -85075 1 THE RHODE ISLAND COMMUNITY FOUNDATION 1 UNION SQUARE PROVIDENCE RI 02903 222604963 501(C)(3) 75000 0 JOURNALISM SCHOLARSHIPS; CIVIC LEADERSHIP FUND SQUASHBUSTERS INC 795 COLUMBUS AVE ROXBURY CROSSING MA 02120 043330698 501(C)(3) 10000 0 URBAN YOUTH DEVELOPMENT UNIVERSITY OF RHODE ISLAND FOUNDATION & ALUMNI ENGAGEMENT 79 UPPER COLLEGE ROAD KINGSTON RI 02881 056014351 501(C)(3) 10000 0 TO ENGAGE, INFORM AND SUPPORT URI ALUMNI 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 0 0 0 0 0 0 0 0 0 DAVID PICCERELLI PRESIDENT, CO-CEO (AS OF MAY 2024) 185658 0 0 0 0 0 15260 0 19811 0 220729 0 0 0 MARY-CATHERINE ARMSTRONG DIRECTOR OF FINANCE/ADMIN 131729 0 0 0 0 0 11174 0 22661 0 165564 0 0 0 JAN BOYD CHIEF CONTENT OFFICER 142074 0 0 0 0 0 2298 0 11307 0 155679 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 EFFECTIVE MAY 1, 2024 RHODE ISLAND PUBLIC RADIO D/B/A THE PUBLIC'S RADIO MERGED WITH AND INTO RHODE ISLAND PBS FOUNDATION. THE NAME OF THE NEW CORPORATION SHALL BE RHODE ISLAND PBS FOUNDATION AND THE PUBLIC'S RADIO. 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, AND THE AUDIT SUB-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 FY2024. 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 IX, LINE 11G PURCHASED SERVICES: PROGRAM SERVICE EXPENSES 43,527. MANAGEMENT AND GENERAL EXPENSES 631,701. FUNDRAISING EXPENSES 21,594. TOTAL EXPENSES 696,822. CONSULTANTS: PROGRAM SERVICE EXPENSES 500. MANAGEMENT AND GENERAL EXPENSES 894,917. FUNDRAISING EXPENSES 27,400. TOTAL EXPENSES 922,817. PRODUCER/PRESENTER FEES: PROGRAM SERVICE EXPENSES 3,524. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,524. TALENT: PROGRAM SERVICE EXPENSES 49,537. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 49,537. ENGINEERING: PROGRAM SERVICE EXPENSES 62,052. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 62,052. FORM 990, PART XI, LINE 9: CONTRIBUTION FROM MERGER 4,246,430. 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.