Rhode Island Public Radio
- Assets
- $4.6m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 31
- Location
- Providence, RI
- Founding
- 06/1998
- Data as of
- 06/2021
- EIN
- 05-0498502
Organization Overview
Rhode Island Public Radio, operating under the name The Public's Radio, is located in Providence, RI. The organization was established in 1998. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Public's Radio employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Public's Radio 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 06/2021, Public's Radio generated $4.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $4.0m during the year ending 06/2021. While expenses have increased by 4.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY JOURNALISM AND COMPELLING STORYTELLING THAT INFORMS, EDUCATES, AND INSPIRESCOMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2021 WAS A YEAR OF GROWTH AND ACCOMPLISHMENT FOR THE PUBLIC'S RADIO, HIGHLIGHTED BY THE LAUNCH OF OUR INVESTIGATIVE DESK AND OUR ENVIRONMENT AND SCIENCE DESK, AND THE OFFICAL OPENING OF THE SOUTH COUNTY BUREAU IN WESTERLY. OUR AUDIENCE ACROSS BOTH BROADCAST AND DIGITAL PLATFORMS SAW SIGNIFICANT GROWTH, AND THE PUBLIC'S RADIO JOURNALISTS WERE RECOGNIZED WITH A RECORD NUMBER OF REGIONAL AND NATIONAL AWARDS FOR THE ENTERPRISE AND INVESTIGATIVE WORK IN 2020 THAT IS AT THE CORE OF OUR MISSION AT THE PUBLIC'S RADIO.IT WAS ALSO A CRUCIAL YEAR OF PLANNING, IN WHICH WE BEGAN IDENTIFYING KEY PRIORITIES FOR BUILDING CAPACITY AT THE PUBLIC'S RADIO, TO SIGNIFICANTLY EXPAND OUR REACH INTO DIGITAL JOURNALISM, AND DEEPEN OUR COMMITMENT TO LONG-TERM, ENTERPRISE AND INVESTIGATIVE JOURNALISM WITH A STRONG ENGAGEMENT COMPONENT. KEY PRIORITIES ARE TO REBUILD OUR CURRENT WEBSITE, THEREBY DEEPENING OUR DIGITAL INVESTMENT, HIRE A METRO DESK REPORTED TO COVER THE DIVERSE COMMUNITIES OF THE PROVIDENCE METROPOLITAN AREA, AND FIND SUPPORT TO CONTINUE MOSIAC, OUR FLAGSHIP PODCAST SERIES. WE ARE ALSO DEVELOPING A STRONGER MODEL FOR COMMUNITY ENGAGEMENT WITH A PLAN FOR CAPACITY-BUILDING TO IMPLEMENT IT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Torey Malatia Chief Executive Officer | OfficerTrustee | 40 | $209,483 |
Donna Bannon Manager Of Corporate Underwriting | 40 | $132,847 | |
Sally Eisele Chief Content Officer | 40 | $112,545 | |
Ann Alquist Chief Progress Officer | 40 | $105,936 | |
Gina Mcdonald Treasurer | OfficerTrustee | 5 | $0 |
Beth Ann Marootian Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,422,489 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,422,489 |
| Total Program Service Revenue | $915,517 |
| Investment income | $993 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$26,527 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,312,940 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $249,167 |
| Compensation of current officers, directors, key employees. | $62,292 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,702,532 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $287,394 |
| Payroll taxes | $165,915 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,340 |
| Fees for services: Accounting | $19,124 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $3,425 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $258,054 |
| Advertising and promotion | $66,760 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $205,781 |
| Travel | $4,739 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,595 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $383,646 |
| Insurance | $53,916 |
| All other expenses | $91,604 |
| Total functional expenses | $3,989,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,877,471 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $167,745 |
| Accounts receivable, net | $105,596 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $71,256 |
| Net Land, buildings, and equipment | $1,077,959 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,327,101 |
| Total assets | $4,627,128 |
| Accounts payable and accrued expenses | $207,536 |
| Grants payable | $0 |
| Deferred revenue | $61,975 |
| 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 | $509,921 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $417,435 |
| Total liabilities | $1,196,867 |
| Net assets without donor restrictions | $2,384,047 |
| Net assets with donor restrictions | $1,046,214 |
| 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 | $4,627,128 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rhode Island Public Radio has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
The Robertston Foundation Providence, RI PURPOSE: COMMUNITY SUPPORT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Imago Dei Fund Boston, MA | $57,020,766 | $29,637,241 |
Boston Charitable Trust Fund Boston, MA | $1,173,216 | $4,494,143 |
Nfa Foundation Inc Norwich, CT | $77,129,817 | $5,415,738 |
Provision Ministry Inc Westborough, MA | $833,220 | $12,247,682 |
American Friends Of The Royal Foundation Of The Duke And Duchess Newtown, MA | $2,911,496 | $8,616,320 |
Mccourt Foundation Inc Braintree, MA | $29,762,470 | $6,917,849 |
The Red Sox Foundation Inc Boston, MA | $19,048,615 | $7,450,414 |
Hadhramout Foundation Inc Westport, CT | $10,990 | $4,795,440 |
National Charitable Endowment Inc Darien, CT | $102,215,379 | $63,553,523 |
Monks Of Norcia Foundation Norwalk, CT | $2,496,451 | $3,625,099 |
Rhode Island Public Radio Providence, RI | $4,627,128 | $4,312,940 |
Textron Charitable Trust 540 008 Providence, RI | $6,046,878 | $138,060 |