Rhode Island Pbs Foundation
- Assets
- $95.5m
- Revenue
- $5.6m
- Investments
- $86.5m
- Employees
- 90
- Location
- Providence, RI
- Founding
- 03/1988
- Data as of
- 06/2020
- EIN
- 22-2859005
Organization Overview
Rhode Island Pbs Foundation is located in Providence, RI. The organization was established in 1988. According to its NTEE Classification (A32) the organization is classified as: Television, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Rhode Island Pbs Foundation employed 90 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rhode Island Pbs Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Rhode Island Pbs Foundation generated $5.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $7.8m during the year ending 06/2020. While expenses have increased by 10.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE, INFORM, ENRICH, AND INSPIRE OUR VIEWERS OF ALL AGES IN OUR VIEWING AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 ("NCE") BROADCAST LICENSEE, USES THE POWER OF PUBLIC MEDIA TO PRODUCE AND PRESENT CREATIVE CONTENT AND LEARNING OPPORTUNITIES IN OUR MISSION TO EDUCATE, INFORM, ENRICH AND INSPIRE OUR VIEWERS OF ALL AGES IN RHODE ISLAND, SOUTHEASTERN MASSACHUSETTS AND EASTERN CONNECTICUT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Piccerelli President | OfficerTrustee | 40 | $170,202 |
Mary-Catherine Armstrong Director Of Finance/admin | 40 | $120,627 | |
Elaine Laughlin Dir. Of Development, Until 4/21/21 | 40 | $101,656 | |
David Laverty Chair | OfficerTrustee | 2 | $0 |
James Leach Chair, Until 2/3/21 | OfficerTrustee | 2 | $0 |
Denise Parent Secretary, Beg. 2/3/21 | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
C Hamilton Builders Construction Services | 6/29/21 | $157,299 |
Fiducient Advisors Investment Management Services | 6/29/21 | $120,373 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,650,666 |
| Investment income | $2,083,562 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$461,262 |
| Net Income from Fundraising Events | $6,855 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,636,610 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $335,066 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,429,852 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $618,379 |
| Payroll taxes | $300,492 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $41,906 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $53,273 |
| Advertising and promotion | $147,471 |
| Office expenses | $11,262 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $269,165 |
| Travel | $38,282 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,057,230 |
| Insurance | $57,508 |
| All other expenses | $0 |
| Total functional expenses | $7,771,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,671,053 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $296,996 |
| Accounts receivable, net | $420,237 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,538 |
| Prepaid expenses and deferred charges | $52,246 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $86,510,700 |
| Investments—program-related | $0 |
| Intangible assets | $96,519 |
| Other assets | $0 |
| Total assets | $95,486,573 |
| Accounts payable and accrued expenses | $468,079 |
| Grants payable | $0 |
| Deferred revenue | $39,825 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,090,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,597,904 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $93,888,669 |
Grants Awarded
Over the last fiscal year, Rhode Island Pbs Foundation has awarded $79,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Providence, RI PURPOSE: JOURNALISM SCHOLARSHIPS; CIVIC LEADERSHIP FUND | $61,500 |
SQUASHBUSTERS INC PURPOSE: URBAN YOUTH DEVELOPMENT | $10,000 |
Newport, RI PURPOSE: READING ACROSS RI & KIDS READING ACROSS RI SPONSORSHIP | $8,000 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Rhode Island Pbs Foundation has recieved totaling $102,182.
| Awarding Organization | Amount |
|---|---|
The Rhode Island Community Foundation Providence, RI PURPOSE: PUBLIC AWARENESS AND COMMUNITY EDUCATION CAMPAIGN; RHODE ISLAND PBS LEARNINGMEDIA: INSTRUCTIONAL RESOURCES FOR CHASING SILVER DOCUMENTARY; A LIVELY EXPERIMENT; MATCHING CONTRIBUTION; A LIVELY EXPERIMENT; GENERAL OPERATING; GENERAL SUPPORT; RI PBS #36; PROGRAM SUPPORT | $65,503 |
United Way Of Rhode Island Inc Providence, RI PURPOSE: DESIGNATED DONATION/GRANT | $25,075 |
Greater Washington Educational Telecommunications Association Inc Arlington, VA PURPOSE: STATION GRANT | $10,000 |
Russell A Boss Family Foundation Narragansett, RI PURPOSE: SUPPORT OPERATING EXPENSES | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $204 |
Amica Companies Foundation Lincoln, RI PURPOSE: GENERAL PURPOSE | $175 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eastern Educational Television Network Inc Boston, MA | $16,514,282 | $14,535,811 |
Rhode Island Pbs Foundation Providence, RI | $95,486,573 | $5,636,610 |
Connecticut Public Affairs Network Inc Hartford, CT | $1,634,043 | $2,736,017 |
Plymouth Area Community Access Television Inc Plymouth, MA | $2,970,317 | $2,304,755 |
Worcester Community Cable Access Inc Worcester, MA | $2,061,985 | $755,396 |
Cape Cod Community Television Corp Dennis Port, MA | $2,522,548 | $1,247,700 |
Falmouth Community Television Corporation Inc Falmouth, MA | $3,713,613 | $1,106,694 |
Quincy Telecommunications Corporation Inc Quincy, MA | $2,631,735 | $987,964 |
Arlington Community Media Inc Arlington, MA | $1,343,076 | $719,519 |
Haverhill Community Tv Haverhill, MA | $3,569,495 | $909,985 |
Waltham Community Access Corporation Waltham, MA | $1,592,071 | $1,181,446 |
Cape Ann Regional Cable Television Access Corp Gloucester, MA | $1,140,538 | $848,325 |