Rhode Island Pbs Foundation
- Assets
- $103.1m
- Revenue
- $10.9m
- Investments
- $9.3m
- Employees
- 92
- Location
- Providence, RI
- Founding
- 03/1988
- Data as of
- 06/2022
- 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 06/2022, Rhode Island Pbs Foundation employed 92 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 06/2022, Rhode Island Pbs Foundation generated $10.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $9.1m during the year ending 06/2022. While expenses have increased by 11.4% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE, INFORM, ENRICH, AND INSPIRE OUR VIEWERS OF ALL AGES.
Describe the Organization's Program Activity:
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Piccerelli President | OfficerTrustee | 40 | $175,449 |
Mary-Catherine Armstrong Director Of Finance/admin | 40 | $125,555 | |
David Laverty Chair | OfficerTrustee | 5 | $0 |
Denise Parent Secretary | OfficerTrustee | 3 | $0 |
Nicholas Denice Treasurer | OfficerTrustee | 3 | $0 |
Dominique Alfandre Director | Trustee | 1.5 | $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 | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $624,229 |
| Fundraising events | $147,933 |
| Related organizations | $0 |
| Government grants | $218,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,206,253 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,196,415 |
| Total Program Service Revenue | $1,431,300 |
| Investment income | $4,446,261 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $188,342 |
| Net Rental Income | $7,970 |
| Net Gain/Loss on Asset Sales | $2,609,540 |
| Net Income from Fundraising Events | -$23,403 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$502 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,856,424 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $91,177 |
| 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. | $211,440 |
| Compensation of current officers, directors, key employees. | $84,576 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,979,233 |
| Pension plan accruals and contributions | $170,022 |
| Other employee benefits | $680,505 |
| Payroll taxes | $392,832 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,881 |
| Fees for services: Accounting | $35,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $336,675 |
| Fees for services: Other | $619,059 |
| Advertising and promotion | $77,055 |
| Office expenses | $394,929 |
| Information technology | $34,958 |
| Royalties | $0 |
| Occupancy | $373,549 |
| Travel | $23,299 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,221 |
| Interest | $43 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,206,265 |
| Insurance | $62,854 |
| All other expenses | $0 |
| Total functional expenses | $9,100,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $775,496 |
| Savings and temporary cash investments | $3,428,568 |
| Pledges and grants receivable | $254,075 |
| Accounts receivable, net | $375,148 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,982 |
| Prepaid expenses and deferred charges | $57,183 |
| Net Land, buildings, and equipment | $4,245,948 |
| Investments—publicly traded securities | $84,127,006 |
| Investments—other securities | $9,262,875 |
| Investments—program-related | $0 |
| Intangible assets | $573,366 |
| Other assets | $0 |
| Total assets | $103,109,647 |
| Accounts payable and accrued expenses | $496,255 |
| Grants payable | $0 |
| Deferred revenue | $40,891 |
| 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 | $849,918 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,387,064 |
| Net assets without donor restrictions | $101,446,198 |
| Net assets with donor restrictions | $276,385 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $103,109,647 |
Grants Awarded
Over the last fiscal year, Rhode Island Pbs Foundation has awarded $90,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SQUASHBUSTERS INC PURPOSE: URBAN YOUTH DEVELOPMENT | $7,500 |
THE RHODE ISLAND COMMUNITY FOUNDATION PURPOSE: JOURNALISM SCHOLARSHIPS; CIVIC LEADERSHIP FUND | $76,500 |
RHODE ISLAND CENTER FOR THE BOOK PURPOSE: READING ACROSS RI & KIDS READING ACROSS RI SPONSORSHIP | $6,000 |