Totals
- Total revenue
- $12,104,480
- Total expenses
- $16,915,648
- Contributions and grants received
- $5,153,286
- Grants paid
- $63,858
- Program service revenue
- $1,536,394
- Investment income
- $5,234,302
- Other revenue
- $180,498
- Total assets, end of year
- $120,358,602
- Total liabilities, end of year
- $4,207,659
- Net assets or fund balances, end of year
- $116,150,943
- Program services expenses (Part IX)
- $10,099,855
- Management and general expenses
- $4,941,197
- Fundraising expenses
- $1,874,596
- Program service expenses (Part III)
- $10,099,855
Program services were 59.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$1,837,175
-
1c · Fundraising events
$97,327
-
1e · Government grants (contributions)
$218,000
-
1f · All other contributions, gifts and grants
$3,000,784
-
2a · Program service revenue: PEG ACCESS FEES
total $1,112,305 · related or exempt $1,112,305
-
2b · Program service revenue: MEMBERSHIP DUES
total $390,741 · related or exempt $390,741
-
2c · Program service revenue: PRODUCTION SERVICES
total $33,348 · related or exempt $33,348
-
3 · Investment income
total $2,916,066 · unrelated business $13,984 · excluded $2,902,082
-
5 · Royalties
total $261,791 · excluded $261,791
-
6a · Gross rents
real property $2,000
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $2,000
-
6d · Net rental income or loss
total $2,000 · excluded $2,000
-
7a · Gross sales of assets other than inventory
securities $13,934,475
-
7b · Less cost or other basis and sales expenses
securities $11,616,239
-
7c · Gain or loss
securities $2,318,236
-
7d · Net gain or loss
total $2,318,236 · unrelated business $5,395 · excluded $2,312,841
-
8a · Fundraising events: gross income
$23,650
-
8a · Fundraising events: contributions included on line 1c
$97,327
-
8b · Fundraising events: direct expenses
$113,449
-
8c · Net income from fundraising events
total -$89,799 · excluded -$89,799
-
11a · Other revenue: OTHER INCOME
total $6,506 · excluded $6,506
-
11e · Other revenue, total
$6,506
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $63,858 · program services $63,858
-
5 · Compensation of officers, directors and key employees
total $875,423 · program services $262,627 · management and general $350,169 · fundraising $262,627
-
7 · Other salaries and wages
total $7,216,534 · program services $5,252,133 · management and general $1,458,798 · fundraising $505,603
-
8 · Pension plan contributions
total $317,019 · program services $205,760 · management and general $62,912 · fundraising $48,347
-
9 · Other employee benefits
total $921,123 · program services $599,548 · management and general $181,116 · fundraising $140,459
-
10 · Payroll taxes
total $636,437 · program services $463,642 · management and general $107,151 · fundraising $65,644
-
11b · Fees: legal
total $144,347 · program services $12,314 · management and general $132,033
-
11c · Fees: accounting
total $94,349 · management and general $94,349
-
11f · Fees: investment management
total $214,821 · management and general $214,821
-
11g · Fees: other
total $2,005,880 · program services $438,001 · management and general $838,645 · fundraising $729,234
-
12 · Advertising and promotion
total $296,442 · program services $94,741 · management and general $139,096 · fundraising $62,605
-
13 · Office expenses
total $558,896 · program services $10,037 · management and general $520,442 · fundraising $28,417
-
14 · Information technology
total $257,412 · program services $257,412
-
16 · Occupancy
total $853,111 · program services $598,757 · management and general $254,354
-
17 · Travel
total $80,603 · program services $38,524 · management and general $30,474 · fundraising $11,605
-
19 · Conferences, conventions and meetings
total $76,103 · management and general $76,103
-
20 · Interest
total $60,351 · management and general $60,351
-
21 · Payments to affiliates
total $84,475 · management and general $84,475
-
22 · Depreciation, depletion and amortization
total $1,174,375 · program services $930,498 · management and general $243,877
-
23 · Insurance
total $110,333 · program services $91,986 · management and general $12,721 · fundraising $5,626
-
24a · Other expenses: REPAIRS & MAINTENANCE
total $785,379 · program services $696,092 · management and general $79,310 · fundraising $9,977
-
24b · Other expenses: PREMIUMS
total $83,165 · program services $83,165
-
24c · Other expenses: STUDIO EXPENSE
total $1,567 · program services $479 · fundraising $1,088
-
24e · All other expenses
total $3,645 · program services $281 · fundraising $3,364
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $697,526 · end of year $1,920,483
-
2 · Savings and temporary cash investments
beginning of year $2,197,173 · end of year $1,544,376
-
3 · Pledges and grants receivable
beginning of year $293,134 · end of year $179,677
-
4 · Accounts receivable
beginning of year $555,503 · end of year $452,100
-
8 · Inventories for sale or use
beginning of year $7,044 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $225,157 · end of year $57,454
-
10a · Land, buildings and equipment: cost or other basis
$13,664,374
-
10b · Land, buildings and equipment: accumulated depreciation
$8,615,045
-
10c · Land, buildings and equipment, net
beginning of year $4,896,350 · end of year $5,049,329
-
11 · Investments: publicly traded securities
beginning of year $73,935,788 · end of year $71,638,703
-
12 · Investments: other securities
beginning of year $31,276,343 · end of year $34,092,911
-
14 · Intangible assets
beginning of year $3,564,088 · end of year $3,465,120
-
15 · Other assets
beginning of year $2,226,343 · end of year $1,958,449
-
17 · Accounts payable and accrued expenses
beginning of year $1,335,003 · end of year $1,388,554
-
19 · Deferred revenue
beginning of year $130,130 · end of year $39,769
-
23 · Secured mortgages and notes payable
beginning of year $1,085,062 · end of year $768,086
-
25 · Other liabilities
beginning of year $2,272,181 · end of year $2,011,250
-
27 · Net assets without donor restrictions
beginning of year $114,296,753 · end of year $115,520,254
-
28 · Net assets with donor restrictions
beginning of year $755,320 · end of year $630,689
Mission and programs · 2024
Mission
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.
Activities or mission (Part I)
WE FOSTER HOPE, CONNECTION, AND EDUCATION THAT STRENGTHENS AND INSPIRES OUR SHARED COMMUNITY.
-
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.
Expenses $10,099,855 · Grants $63,858 · Revenue $1,536,394
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Torey MalatiaTOREY MALATIA
CO-CEO(THRU SEP 2024)
- Total calculated
- $306,760
- From this org
- $300,614
- From related orgs
- $0
- Other
- $6,146
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $100,614
- Bonus
- $0
- Other
- $200,000
- Deferred
- $3,861
- Nontaxable benefits
- $2,285
- Filer's total
- $306,760
-
David PiccerelliDAVID PICCERELLI
CO-CEO(THRU SEP 2024)
- Total calculated
- $265,087
- From this org
- $236,342
- From related orgs
- $0
- Other
- $28,745
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $160,279
- Bonus
- $0
- Other
- $76,063
- Deferred
- $13,234
- Nontaxable benefits
- $15,511
- Filer's total
- $265,087
-
Pamela JohnstonPAMELA JOHNSTON
PRESIDENT (AS OF SEP 2024)
- Total calculated
- $126,084
- From this org
- $115,725
- From related orgs
- $0
- Other
- $10,359
- Hours/week
- 40
-
David LavertyDAVID LAVERTY
CO-CHAIR (THRU 6/4/25)
- Total calculated
- $0
- Hours/week
- 5
-
Elizabeth Delude-DixELIZABETH DELUDE-DIX
CO-CHAIR (THRU 6/4/25)
- Total calculated
- $0
- Hours/week
- 5
-
Meredith Curren Secre-MEREDITH CURREN SECRE-
TARY (THRU 6/4/25), CHAIR AFTER
- Total calculated
- $0
- Hours/week
- 3
-
Nicholas DeniceNICHOLAS DENICE
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
Michael BeauregardMICHAEL BEAUREGARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Melissa CummingsMELISSA CUMMINGS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
David FontesDAVID FONTES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Elizabeth FrancisELIZABETH FRANCIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Gary GlassmanGARY GLASSMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Bari HarlamBARI HARLAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Barbara HaynesBARBARA HAYNES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
John HoeyJOHN HOEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Scot JonesSCOT JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Rajani MahadevanRAJANI MAHADEVAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Gina McDonaldGINA MCDONALD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Amanda McMullenAMANDA MCMULLEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Susan RittscherSUSAN RITTSCHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Pablo Rodriguez MDPABLO RODRIGUEZ MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Merrill ShermanMERRILL SHERMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Carolyn WiesenhahnCAROLYN WIESENHAHN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Jan BoydJAN BOYD
CHIEF CONTENT OFFICER
- Total calculated
- $170,857
- From this org
- $146,075
- From related orgs
- $0
- Other
- $24,782
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $146,075
- Bonus
- $0
- Other
- $0
- Deferred
- $12,113
- Nontaxable benefits
- $12,669
- Filer's total
- $170,857
-
Kristen HaffenrefferKRISTEN HAFFENREFFER
DIRECTOR OF DEVELOPMENT
- Total calculated
- $128,043
- From this org
- $118,998
- From related orgs
- $0
- Other
- $9,045
- Hours/week
- 40
-
Mary-Catherine ArmstrongMARY-CATHERINE ARMSTRONG
DIRECTOR OF FINANCE/ADMIN
- Total calculated
- $171,575
- From this org
- $135,867
- From related orgs
- $0
- Other
- $35,708
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $135,867
- Bonus
- $0
- Other
- $0
- Deferred
- $11,509
- Nontaxable benefits
- $24,199
- Filer's total
- $171,575
-
Richard DunnRICHARD DUNN
DIRECTOR OF ENGINEERING
- Total calculated
- $135,181
- From this org
- $112,654
- From related orgs
- $0
- Other
- $22,527
- Hours/week
- 40
-
Joao SouzaJOAO SOUZA
BROADCAST ENGINEER
- Total calculated
- $122,627
- From this org
- $112,575
- From related orgs
- $0
- Other
- $10,052
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
- 7 · Other non-fixed payments
Answered no
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- 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.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
JOURNALISM SCHOLARSHIPS; CIVIC LEADERSHIP FUND
-
$7,500
URBAN YOUTH DEVELOPMENT
-
TO ENGAGE, INFORM AND SUPPORT URI ALUMNI
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 May 2026
- IRS schema version
- 2024v5.5
- Source object
- 202610979349300336
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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