2024-04-03T06:30:25-05:00 2023-06-30 050409384 KAHN LITWIN RENZA & CO LTD 951 NORTH MAIN STREET PROVIDENCE RI 02904 990 2022-07-01 050509325 OSHEAN INC OSHE 4013987500 6946 POST ROAD 402 NORTH KINGSTOWN RI 02852 DAVID MARBLE PRESIDENT/CEO 4013987500 2024-04-02 1 DAVID MARBLE 999009999 1 SANDY ROSS P01399337 4012742001 2024-03-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAVID MARBLE 6946 POST ROAD 402 NORTH KINGSTOWN RI 02852 14114588 0 X HTTP://WWW.OSHEAN.ORG X 1999 RI TO PROVIDE PREMIUM BROADBAND TELECOMMUNICATION, IP NETWORKING AND ABOVE THE NET SERVICES. 9 9 25 0 0 0 0 0 8661306 9871368 21254 75238 0 0 8682560 9946606 0 0 0 0 3474959 3170558 0 0 0 6949409 7302682 10424368 10473240 -1741808 -526634 30440136 29595438 6218297 5887387 24221839 23708051 OSHEAN, INC. IS DEDICATED TO PROVIDING A COMMERCIAL GRADE TELECOMMUNICATIONS INFRASTRUCTURE THAT WILL SERVE THE CURRENT AND FUTURE TECHNOLOGY NEEDS OF ITS MEMBER ORGANIZATIONS. 0 0 9525377 9871368 OSHEAN HAS ESTABLISHED AND MAINTAINS INTERNET SERVICES AT 25 LOCAL AREA COLLEGES AND UNIVERSITIES, 8 HEALTHCARE NETWORKS, 11 STATE AND LOCAL AGENCIES, 88 GRADES K-12 AND PUBLIC LIBRARIES, AND 10 NOT-FOR-PROFIT ORGANIZATIONS. 9525377 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 25 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X DAVID MARBLE 4013987500 6946 POST ROAD SUITE 402 NORTH KINGSTOWN RI 02852 PAUL FONTAINE VICE CHAIR 1.00 X X 0 0 0 ROY GALANG BOARD MEMBER 1.00 X 0 0 0 TIM WELLS BOARD MEMBER 1.00 X 0 0 0 JACQUES LAFLAMME CHAIR 1.00 X 0 0 0 STEPHEN SPOHN TREASURER 1.00 X 0 0 0 TAMMY ANDERSON SECRETARY 1.00 X 0 0 0 IRVING BRUCKSTEIN BOARD MEMBER 1.00 X 0 0 0 GAURAV KHANNA BOARD MEMBER 1.00 X 0 0 0 PETER SANTOS BOARD MEMBER 1.00 X 0 0 0 BIJAY KUMAR BOARD MEMBER (TO 6/23) 1.00 X 0 0 0 DAVID C MARBLE PRESIDENT/CEO 40.00 X 249812 0 12833 CLAUDE J TOLBERT COO 30.00 X 184887 0 29657 TIMOTHY A RUE CHIEF TECH. OFFICER 40.00 X 169062 0 12367 MARK MONTALTO DIRECTOR - BUS. DEV. 40.00 X 160654 0 9160 JONATHAN DOMEN SENIOR NETWORK ARCHITECT 40.00 X 143660 0 11902 RONALD VERDI SENIOR NETWORK ENGINEER 40.00 X 131088 0 16049 1039163 0 91968 6 0 1 0 0 INTERNET AND SERVICE F 517000 9342196 9342196 OTHER MEMBER SERVICES 517000 529172 529172 9871368 101698 101698 4141522 4167982 -26460 -26460 -26460 9946606 9871368 0 75238 342637 257501 85136 2096707 1619903 476804 287882 222425 65457 241230 185882 55348 202102 155619 46483 1714 1714 46153 46153 11854 11854 427790 427790 30212 25378 4834 68546 42951 25595 85512 85512 58851 45315 13536 32562 32562 46798 27594 19204 89012 20473 68539 2803941 2803941 87353 67262 20091 TRANSPORT EXPENSES 1594559 1594559 OTHER PROGRAM EXPENSES 764220 764220 CLOUD SERVICES EXPENSES 686516 686516 CORE NETWORK EXPENSES 458260 458260 8829 8829 10473240 9525377 947863 0 527225 726216 2824121 2791656 1362836 1310086 1064799 1377319 50519548 28215473 23443889 22304075 995491 977928 221775 108158 30440136 29595438 859944 800355 1035795 1298165 4322558 3788867 6218297 5887387 X 24221839 23708051 24221839 23708051 30440136 29595438 -526634 12846 0 X X 0 1 X 1 0 X 35296 35296 7482083 8069169 9190138 8661306 9871368 43274064 7482083 8069169 9225434 8661306 9871368 43309360 0 783318 1024489 1381601 1203004 2163194 6555606 783318 1024489 1381601 1203004 2163194 6555606 36753754 106670 115551 76721 34854 101698 435494 106670 115551 76721 34854 101698 435494 7588753 8184720 9302155 8696160 9973066 43744854 0.84020 0.85760 0.01000 0.00980 X 157329 132835 24494 17516055 13764716 3751339 32846164 14317922 18528242 22304075 FINANCE LEASE OBLIGATION 3681098 OPERATING LEASE OBLIGATION 107769 3788867 X 10154170 12846 206572 219418 9934752 11854 11854 9946606 10667958 206572 206572 10461386 11854 11854 10473240 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAXES AS A PUBLIC CHARITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT BELIEVES THAT THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH THEIR TAX-EXEMPT STATUS AT BOTH THE STATE AND FEDERAL LEVEL. THE ORGANIZATION ANNUALLY FILES IRS FORM 990 - RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, REPORTING VARIOUS INFORMATION THAT THE IRS USES TO MONITOR THE ACTIVITIES OF TAX-EXEMPT ENTITIES. THESE TAX RETURNS ARE SUBJECT TO REVIEW BY THE TAXING AUTHORITIES GENERALLY FOR A PERIOD OF THREE YEARS AFTER THEY WERE FILED. THE ORGANIZATION CURRENTLY HAS NO TAX EXAMINATIONS IN PROGRESS. X X X 0 0 0 0 0 0 0 0 0 DAVID C MARBLE PRESIDENT/CEO 239812 0 10000 0 0 0 10023 0 2810 0 262645 0 0 0 CLAUDE J TOLBERT COO 129687 0 0 0 55200 0 27000 0 2657 0 214544 0 0 0 TIMOTHY A RUE CHIEF TECH. OFFICER 161062 0 8000 0 0 0 6908 0 5459 0 181429 0 0 0 MARK MONTALTO DIRECTOR - BUS. DEV. 154654 0 6000 0 0 0 6368 0 2792 0 169814 0 0 0 JONATHAN DOMEN SENIOR NETWORK ARCHITECT 138660 0 5000 0 0 0 8695 0 3207 0 155562 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE EXTERNAL AUDITORS AND REVIEWED BY MANAGEMENT. ONCE ALL ARE SATISFIED WITH THE FORM, IT IS FINALIZED AND A COPY IS SENT TO ALL BOARD MEMBERS. AT THE SUBSEQUENT BOARD MEETING, THE BOARD IS ASKED IF THEY HAVE ANY QUESTIONS OR COMMENTS, AND A GENERAL REVIEW OF THE FORM IS CONDUCTED BY MANAGEMENT. REVISIONS, CORRECTIONS, ETC. ARE MADE AS NECESSARY. SUBSEQUENT TO THIS MEETING, THE FORM IS THEN SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS PROVIDED TO ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES. THESE PEOPLE ARE ASKED TO REVIEW THE POLICY AND SIGN A STATEMENT INDICATING THAT THEY UNDERSTAND THE POLICY AND HAVE REPORTED ALL POTENTIAL CONFLICTS DURING THE PAST YEAR IN ACCORDANCE WITH THE POLICY, AND WILL REPORT ALL POTENTIAL CONFLICTS DURING THE COMING YEAR. ALL POTENTIAL CONFLICTS ARE EVALUATED BY THE BOARD TO DETERMINE IF A CONFLICT ACTUALLY EXISTS. IN THOSE INSTANCES WHERE THE POTENTIAL TRANSACTION IS A CONFLICT, THE BOARD EXAMINES THE TRANSACTION AND A VOTE IS TAKEN (WITH THOSE INVOLVED RECUSING THEMSELVES) AS TO WHETHER THE ORGANIZATION WILL ENTER INTO THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY THE BOARD CONDUCTS A PERFORMANCE REVIEW AND EVALUATION OF THE PRESIDENT/CEO. THE REVIEW ALSO ESTABLISHES THE INDIVIDUAL'S COMPENSATION FOR THE FOLLOWING YEAR. THIS PROCESS INVOLVES THE EVALUATION OF THE INDIVIDUAL AND A REVIEW OF COMPENSATION OF COMPARABLE POSITIONS OBTAINED FROM COMPENSATION SURVEYS. THE BOARD'S DELIBERATION AND DECISION IS NOTED IN THE MINUTES OF THE MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS (ARTICLES OF INCORPORATION AND BY-LAWS), ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. THE ORGANIZATION WILL MAIL COPIES UPON REQUEST OR PROVIDE COPIES TO THOSE WHO COME TO THE ADMINISTRATIVE OFFICES DURING NORMAL BUSINESS HOURS. THE ORGANIZATION CHARGES FOR THE COPIES IN ACCORDANCE WITH IRS REGULATIONS. FORM 990, PART XII, LINE 2C THE ORGANIZATION DID NOT CHANGE EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR.