2026-04-07T13:00:38-05:00 2025-06-30 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 40 WESTMINSTER STREET SUITE 600 PROVIDENCE RI 02903 990 2024-07-01 222859005 OCEAN STATE MEDIA GROUP OCEA 4012223636 50 PARK LANE PROVIDENCE RI 02907 PAM JOHNSTON PRESIDENT & CEO 4012223636 2026-05-15 1 1 GARRETT M HIGGINS P00543209 4016216200 2026-03-04 2024 2025-03-06 01:10:19Z X PAM JOHNSTON 50 PARK LANE PROVIDENCE RI 02907 23834168 0 X WWW.OCEANSTATEMEDIA.ORG X 1987 RI WE FOSTER HOPE, CONNECTION, AND EDUCATION THAT STRENGTHENS AND INSPIRES OUR SHARED COMMUNITY. 19 18 122 88 19379 0 3580714 5153286 2174265 1536394 4715319 5234302 182050 180498 10652348 12104480 108000 63858 0 0 6329783 9966536 0 0 1874596 5317843 6885254 11755626 16915648 -1103278 -4811168 119874449 120358602 4822376 4207659 115052073 116150943 X OCEAN STATE MEDIA IS RHODE ISLAND'S TRUSTED PUBLIC MEDIA ORGANIZATION, AMPLIFYING ALL VOICES THROUGH THOUGHT-PROVOKING STORYTELLING, ORIGINAL JOURNALISM, LIFELONG LEARNING, AND ENGAGING LIVE EVENTS. WE FOSTER HOPE, CONNECTION, AND EDUCATION THAT STRENGTHENS AND INSPIRES OUR SHARED COMMUNITY. 0 0 10099855 63858 1536394 WE ARE OCEAN STATE MEDIA. AND WE ARE LISTENING.IN A TIME OF NOISE, WE ARE CHOOSING TO LISTEN. IN AN ERA OF DIVISION, WE ARE BUILDING CONNECTION. IN A RAPIDLY SHIFTING MEDIA LANDSCAPE, WE ARE DOUBLING DOWN ON PLACE -ON THE PEOPLE, STORIES, QUESTIONS AND CULTURES THAT DEFINE RHODE ISLAND.WE ARE REIMAGINING WHAT PUBLIC MEDIA CAN BE WITH, FOR AND ABOUT YOU.- DEEPLY LOCAL: ROOTED IN OUR NEIGHBORHOODS AND COMMUNITIES.- WIDELY AVAILABLE: WHEREVER YOU ARE, WE'RE THERE WITH YOU.- RELEVANT: KEEPING UP WITH THE TIMES AND MEETING THEM WITH PURPOSE.- DISTINCTIVE: CONTENT THAT FEELS LIKE RHODE ISLAND AND COULDN'T COME FROM ANYWHERE ELSE.- COMMUNITY-CENTERED: DRIVEN BY LISTENING, LEARNING, AND CONNECTION.OCEAN STATE MEDIA ISN'T JUST A SERVICE - IT'S A RELATIONSHIP. AND NOW MORE THAN EVER, WE ARE CREATING A LOCAL MEDIA EXPERIENCE THAT INFORMS, CONNECTS AND REPRESENTS US ALL. 10099855 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 60 0 122 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 19 18 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 TOREY MALATIA CO-CEO(THRU SEP 2024) 40.00 X X 300614 0 6146 DAVID PICCERELLI CO-CEO(THRU SEP 2024) 40.00 X X 236342 0 28745 PAMELA JOHNSTON PRESIDENT (AS OF SEP 2024) 40.00 X X 115725 0 10359 DAVID LAVERTY CO-CHAIR (THRU 6/4/25) 5.00 X X 0 0 0 ELIZABETH DELUDE-DIX CO-CHAIR (THRU 6/4/25) 5.00 X X 0 0 0 MEREDITH CURREN SECRE- TARY (THRU 6/4/25), CHAIR AFTER 3.00 X X 0 0 0 NICHOLAS DENICE TREASURER 3.00 X X 0 0 0 MICHAEL BEAUREGARD DIRECTOR 3.00 X 0 0 0 MELISSA CUMMINGS DIRECTOR 3.00 X 0 0 0 DAVID FONTES DIRECTOR 3.00 X 0 0 0 ELIZABETH FRANCIS DIRECTOR 1.50 X 0 0 0 GARY GLASSMAN DIRECTOR 3.00 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 1.50 X 0 0 0 SCOT JONES DIRECTOR 3.00 X 0 0 0 RAJANI MAHADEVAN DIRECTOR 3.00 X 0 0 0 GINA MCDONALD DIRECTOR 3.00 X 0 0 0 AMANDA MCMULLEN DIRECTOR 3.00 X 0 0 0 SUSAN RITTSCHER DIRECTOR 3.00 X 0 0 0 PABLO RODRIGUEZ MD DIRECTOR 3.00 X 0 0 0 MERRILL SHERMAN DIRECTOR 3.00 X 0 0 0 CAROLYN WIESENHAHN DIRECTOR 3.00 X 0 0 0 JAN BOYD CHIEF CONTENT OFFICER 40.00 X 146075 0 24782 KRISTEN HAFFENREFFER DIRECTOR OF DEVELOPMENT 40.00 X 118998 0 9045 MARY-CATHERINE ARMSTRONG DIRECTOR OF FINANCE/ADMIN 40.00 X 135867 0 35708 RICHARD DUNN DIRECTOR OF ENGINEERING 40.00 X 112654 0 22527 JOAO SOUZA BROADCAST ENGINEER 40.00 X 112575 0 10052 1278850 0 147364 9 0 1 0 UPSTATEMENT LLC 169 MADISON AVENUE 2030 NEW YORK NY 10016 WEBSITE DESIGN SERVICES 501640 FIDUCIENT ADVISORS 100 NORTHFIELD DRIVE 4TH FL WINDSOR CT 06095 INVESTMENT MANAGEMENT 202241 TEMPTEC 84-86 SPRAGUE STREET PROVIDENCE RI 02907 HVAC SERVICES 198218 THE HIRE LLC 188 VALLEY STREET STE 240 PROVIDENCE RI 02909 RECRUITMENT SERVICES 108795 4 1837175 97327 218000 3000784 5153286 PEG ACCESS FEES 516100 1112305 1112305 MEMBERSHIP DUES 900099 390741 390741 PRODUCTION SERVICES 516100 33348 33348 1536394 2916066 13984 2902082 261791 261791 2000 0 2000 2000 2000 13934475 11616239 2318236 2318236 5395 2312841 23650 97327 113449 -89799 -89799 OTHER INCOME 900099 6506 6506 6506 12104480 1536394 19379 5395421 X 63858 63858 875423 262627 350169 262627 7216534 5252133 1458798 505603 317019 205760 62912 48347 921123 599548 181116 140459 636437 463642 107151 65644 144347 12314 132033 94349 94349 214821 214821 2005880 438001 838645 729234 296442 94741 139096 62605 558896 10037 520442 28417 257412 257412 853111 598757 254354 80603 38524 30474 11605 76103 76103 60351 60351 84475 84475 1174375 930498 243877 110333 91986 12721 5626 REPAIRS & MAINTENANCE 785379 696092 79310 9977 PREMIUMS 83165 83165 STUDIO EXPENSE 1567 479 1088 3645 281 3364 16915648 10099855 4941197 1874596 697526 1920483 2197173 1544376 293134 179677 555503 452100 7044 0 225157 57454 13664374 8615045 4896350 5049329 73935788 71638703 31276343 34092911 3564088 3465120 2226343 1958449 119874449 120358602 1335003 1388554 130130 39769 1085062 768086 2272181 2011250 4822376 4207659 X 114296753 115520254 755320 630689 115052073 116150943 119874449 120358602 -4811168 5934669 -24631 0 X X 0 1 X 1 0 X 2279667 2196415 2315704 3580714 5153286 15525786 2279667 2196415 2315704 3580714 5153286 15525786 15525786 2456759 4550110 2466189 3284006 3165873 15922937 6006 82298 57714 146018 3542 501 1339 2287 6506 14175 31608916 8158235 0.49120 0.46530 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. 2024 AMOUNT: $ 6,506. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 354400 354400 4043860 1168943 2874917 1272284 902992 369292 7512932 6147634 1365298 480898 395476 85422 5049329 PRIVATE EQUITY FUNDS 32809741 F COMMUNITY FOUNDATION INVESTMENTS 1283170 F 34092911 OPERATING LEASE LIABILITIES 2011250 2011250 X 17942697 5934669 118369 6053038 11889659 214821 214821 12104480 16843827 143000 143000 16700827 214821 214821 16915648 PART X, LINE 2: THE GROUP 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 GROUP 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 GROUP HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 15742050 0 0 0 0 0 0 15742050 0 15742050 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. UNCORKING THE FUTURE 107585 83935 23650 1600 2600 6814 97628 HOLIDAY AUCTION 13392 13392 4807 120977 97327 23650 4807 1600 2600 6814 97628 113449 -89799 1 THE RHODE ISLAND COMMUNITY FOUNDATION 1 UNION SQUARE PROVIDENCE RI 02903 222604963 501(C)(3) 45000 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 100 OCHRE CT PELL CTR SALVE REGINA NEWPORT RI 02840 825478418 501(C)(3) 6000 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 X 1 0 0 0 0 0 0 1 0 TOREY MALATIA CO-CEO(THRU SEP 2024) 100614 0 0 0 200000 0 3861 0 2285 0 306760 0 0 0 DAVID PICCERELLI CO-CEO(THRU SEP 2024) 160279 0 0 0 76063 0 13234 0 15511 0 265087 0 0 0 MARY-CATHERINE ARMSTRONG DIRECTOR OF FINANCE/ADMIN 135867 0 0 0 0 0 11509 0 24199 0 171575 0 0 0 JAN BOYD CHIEF CONTENT OFFICER 146075 0 0 0 0 0 12113 0 12669 0 170857 0 0 0 PART I, LINE 4A DAVID PICCERELLI AND TOREY MALATIA, CO-CEOS, RECEIVED SEVERANCE PAYMENTS IN 2024 IN THE AMOUNTS OF $76,063 AND $200,000, RESPECTIVELY. PART I, LINE 7 THE ORGANIZATION PAID A SIGNING BONUS IN 2024. FORM 990, PART VI, SECTION A, LINE 4 EFFECTIVE JUNE 5TH, 2025 RHODE ISLAND PBS FOUNDATION AND THE PUBLIC'S RADIO CHANGED ITS NAME TO OCEAN STATE MEDIA GROUP. 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 AN ANNUAL PROCESS IN PLACE FOR EVALUATING THE COMPENSATION PACKAGE OF ITS PRESIDENT WHICH INCLUDES: 1. REVIEWS AND RECOMMENDATION TO THE BOARD BY THE EXECUTIVE COMMITTEE THROUGH THE ANNUAL BUDGETARY PROCESS, 2. CONTEMPORANEOUS DOCUMENTATION OF ANY DELIBERATIONS AND DECISIONS REGARDING THE PRESIDENT'S COMPENSATION PACKAGE. THIS PROCESS WAS UNDERTAKEN DURING FY2025. 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 220,313. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 593,836. TOTAL EXPENSES 814,149. CONSULTANTS: PROGRAM SERVICE EXPENSES 85,714. MANAGEMENT AND GENERAL EXPENSES 200,864. FUNDRAISING EXPENSES 135,398. TOTAL EXPENSES 421,976. PRODUCER/PRESENTER FEES: PROGRAM SERVICE EXPENSES 27,787. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 27,787. TALENT: PROGRAM SERVICE EXPENSES 54,014. MANAGEMENT AND GENERAL EXPENSES 243,462. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 297,476. ENGINEERING: PROGRAM SERVICE EXPENSES 50,173. MANAGEMENT AND GENERAL EXPENSES 81,997. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 132,170. MARKET RESEARCH: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 157,312. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 157,312. BUSINESS CONSULTANTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 155,010. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 155,010. 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.