Ocean State Media Group

“Effective june 5th, 2025 rhode island pbs foundation and the public's radio changed its name to ocean state media group.”

“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.”

“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.”

“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.”

“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.”

“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.”

“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.”