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Nonprofiteer
← OCEAN STATE RESEARCH INSTITUTE INC

Form 990 for tax year 2023

Filed by OCEAN STATE RESEARCH INSTITUTE INC.

Totals

Total revenue
$7,182,595
Total expenses
$6,995,426
Contributions and grants received
$0
Grants paid
$1,525,647
Program service revenue
$7,113,738
Investment income
$68,857
Other revenue
$0
Total assets, end of year
$3,353,783
Total liabilities, end of year
$1,993,175
Net assets or fund balances, end of year
$1,360,608
Program services expenses (Part IX)
$6,465,879
Management and general expenses
$529,547
Fundraising expenses
$0
Program service expenses (Part III)
$6,465,879

Program services were 92.4% 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.

  • 2a · Program service revenue: RESEARCH REVENUE

    total $7,113,738 · related or exempt $7,113,738

  • 3 · Investment income

    total $68,857 · excluded $68,857

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,525,647 · program services $1,525,647

  • 5 · Compensation of officers, directors and key employees

    total $134,792 · program services $80,875 · management and general $53,917

  • 7 · Other salaries and wages

    total $3,756,197 · program services $3,421,015 · management and general $335,182

  • 8 · Pension plan contributions

    total $49,094 · program services $44,185 · management and general $4,909

  • 9 · Other employee benefits

    total $153,207 · program services $137,886 · management and general $15,321

  • 10 · Payroll taxes

    total $178,680 · program services $160,812 · management and general $17,868

  • 11c · Fees: accounting

    total $64,843 · management and general $64,843

  • 12 · Advertising and promotion

    total $554 · program services $554

  • 13 · Office expenses

    total $33,943 · management and general $33,943

  • 19 · Conferences, conventions and meetings

    total $135,615 · program services $135,615

  • 22 · Depreciation, depletion and amortization

    total $83,718 · program services $83,718

  • 23 · Insurance

    total $3,564 · management and general $3,564

  • 24a · Other expenses: LABARATORY EXPENSES

    total $686,380 · program services $686,380

  • 24b · Other expenses: OTHER RESEARCH EXPENSES

    total $88,721 · program services $88,721

  • 24c · Other expenses: EDUCATION EXPENSE

    total $74,628 · program services $74,628

  • 24d · Other expenses: DUES AND MEMBERSHIPS

    total $17,994 · program services $17,994

  • 24e · All other expenses

    total $7,849 · program services $7,849

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,177,917 · end of year $2,510,744

  • 4 · Accounts receivable

    beginning of year $457,937 · end of year $475,385

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,188 · end of year $16,361

  • 10a · Land, buildings and equipment: cost or other basis

    $1,124,051

  • 10b · Land, buildings and equipment: accumulated depreciation

    $772,758

  • 10c · Land, buildings and equipment, net

    beginning of year $85,254 · end of year $351,293

  • 17 · Accounts payable and accrued expenses

    beginning of year $298,182 · end of year $223,319

  • 19 · Deferred revenue

    beginning of year $1,255,675 · end of year $1,769,856

  • 27 · Net assets without donor restrictions

    beginning of year $1,173,439 · end of year $1,360,608

Mission and programs · 2023

Mission

THE PURPOSE OF OSRI IS TO ADVANCE THE RESEARCH MISSION OF THE DEPARTMENT OF VETERANS AFFAIRS THROUGH THE SUPPORT OF RESEARCH AND EDUCATIONAL RELATED ACTIVITIES AT THE PROVIDENCE VA MEDICAL CENTER. COLLABORATIVE RESEARCH AND EDUCATIONAL ENDEAVORS MAY BE ESTABLISHED WITH UNIVERSITIES, FOR-PROFIT COMPANIES, HOSPITALS, CHARITABLE FOUNDATIONS, PROFESSIONAL SOCIETIES, THE PUBLIC HEALTH SERVICE OR OTHER GOVERNMENTAL AGENCIES, AND OTHER NON-PROFIT AGENCIES.

Activities or mission (Part I)

OCEAN STATE RESEARCH INSTITUTE'S MISSION IS TO PROVIDE SUPPORT FOR THE RESEARCH AND EDUCATION PROGRAMS AT THE PROVIDENCE VA MEDICAL CENTER.

  • RESEARCH & EDUCATION IS AN IMPORTANT COMPONENT OF THE PROVIDENCE VA HEALTHCARE SYSTEM'S MISSION AND PLAYS A KEY ROLE IN ENHANCING THE HEALTH CARE SERVICES PROVIDED TO RHODE ISLAND'S VETERANS. ALL PARTICIPANTS IN THE RESEARCH AND EDUCATION PROGRAMS ARE COMMITTED TO ENSURE THE HIGHEST ETHICAL AND SCIENTIFIC STANDARDS ARE MET SO RESEARCH AIMS ARE ACCOMPLISHED AND THE SAFETY AND WELL-BEING OF RESEARCH SUBJECTS, INVESTIGATORS AND OTHER EMPLOYEES ARE PROTECTED. THE VA PROVIDENCE HEALTHCARE SYSTEM RESEARCH PROGRAM IS FULLY ACCREDITED BY THE VA ACCREDITING BODY FOR HUMAN SUBJECT RESEARCH AND BY THE AAALAC FOR ANIMAL RESEARCH.

    Expenses $6,465,879 · Grants $1,525,647 · Revenue $7,113,738

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Satish Sharma MD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Kenneth Poyton

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25

  • Lawrence Connell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Annmarie Dunican MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Gaurav Choudhary MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Matthew Jankowich MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Wen-Chih Wu MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Sharon Rounds MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • William O'Gara

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Daniel O'Hara

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Mary Ford

    EXECUTIVE DIRECTOR

    Total calculated
    $129,240
    From this org
    $129,240
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Sheronda Peeples

    SR. PROJECT MANAGER

    Total calculated
    $107,825
    From this org
    $105,402
    From related orgs
    $0
    Other
    $2,423
    Hours/week
    40

  • Maryam Rahafrooz

    DATA SCIENTIST

    Total calculated
    $126,743
    From this org
    $111,652
    From related orgs
    $0
    Other
    $15,091
    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.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
21 May 2025
IRS schema version
2023v6.0
Source object
202521679349300812

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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