Nonprofit · EIN 05-0440574
OCEAN STATE RESEARCH INSTITUTE INC
Tax-exempt · PROVIDENCE, RI 02908
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $8,345,540 | $8,048,515 | $297,025 | $3,402,054 | $1,744,421 | $1,657,633 |
| September 30, 2024 | 990 | $7,182,595 | $6,995,426 | $187,169 | $3,353,783 | $1,993,175 | $1,360,608 |
| September 30, 2023 | 990 | $5,983,699 | $5,893,664 | $90,035 | $2,727,296 | $1,553,857 | $1,173,439 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $8,278,316
- Investment income
- $67,224
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,536,001
- Compensation of officers, directors and key employees
- $123,798
- Other salaries and wages
- $4,402,630
- Salaries, compensation and benefits (total)
- $5,128,770
- Professional fundraising fees
- $0
- Accounting fees
- $58,986
- Depreciation
- $80,480
- Program services (functional)
- $7,427,778
- Management and general (functional)
- $620,737
Balance sheet and other
- Total assets, start of year
- $3,353,783
- Total assets, end of year
- $3,402,054
- Total liabilities, end of year
- $1,744,421
- Net assets, end of year
- $1,657,633
- Land, buildings and equipment
- $270,813
- Net assets without donor restrictions
- $1,657,633
- Gross receipts
- $8,345,540
- Employees
- 39
- Volunteers
- 10
- Year formed
- 1988
- State of legal domicile
- RI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARYAM RAHAFROOZ | DATA SCIENTIST Highest-paid employee | 40 | $135,502 | $20,123 |
| MARY FORD | EXECUTIVE DIRECTOR Officer | 40 | $134,792 | $0 |
| SHERONDA PEEPLES | SR. PROJECT MANAGER Highest-paid employee | 40 | $123,772 | $6,189 |
| HONGWEI YAO | RESEARCH BIOLOGIST Highest-paid employee | 40 | $122,809 | $5,664 |
| JOSHUA KEPLER | CLINICAL MONITOR Highest-paid employee | 40 | $118,680 | $8,407 |
| SATISH SHARMA MD | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| KENNETH POYTON | TREASURER Trustee or director, Officer | 0.25 | $0 | $0 |
| LAWRENCE CONNELL | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| ANNMARIE DUNICAN MD | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| GAURAV CHOUDHARY MD | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| MATTHEW JANKOWICH MD | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| WEN-CHIH WU MD | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| SHARON ROUNDS MD | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| WILLIAM O'GARA | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| DANIEL O'HARA | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
990 for the year ended September 30, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARY FORD | EXECUTIVE DIRECTOR Officer | 40 | $129,240 | $0 |
| MARYAM RAHAFROOZ | DATA SCIENTIST Highest-paid employee | 40 | $111,652 | $15,091 |
| SHERONDA PEEPLES | SR. PROJECT MANAGER Highest-paid employee | 40 | $105,402 | $2,423 |
| SATISH SHARMA MD | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| KENNETH POYTON | TREASURER Trustee or director, Officer | 0.25 | $0 | $0 |
| LAWRENCE CONNELL | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| ANNMARIE DUNICAN MD | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| GAURAV CHOUDHARY MD | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| MATTHEW JANKOWICH MD | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| WEN-CHIH WU MD | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| SHARON ROUNDS MD | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| WILLIAM O'GARA | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| DANIEL O'HARA | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
990 for the year ended September 30, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mary T Ford | Executive Director Key employee | 40 | $115,089 |
| Satish Sharma MD | President/Director Trustee or director, Officer | 1 | $0 |
| Kenneth Poyton | Treasurer/Director Trustee or director, Officer | 0.25 | $0 |
| Lawrence Connell | Director Trustee or director | 0.25 | $0 |
| Gaurav Choudhary MD | Director Trustee or director | 0.25 | $0 |
| Wen-Chih Wu MD | Director Trustee or director | 0.25 | $0 |
| Sharon Rounds MD | Director Trustee or director | 0.25 | $0 |
| AnnMarie Dunican MD | Director Trustee or director | 0.25 | $0 |
| Daniel O'Hara | Director Trustee or director | 0.25 | $0 |
| Matthew Jankowich MD | Director Trustee or director | 0.25 | $0 |
| William O'Gara | Director Trustee or director | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 830 CHALKSTONE AVE, PROVIDENCE, RI 02908-4734
- In care of
- % V A MEDICAL CTR
- Principal officer (990 for 2024)
- SATISH SHARMA MD, 830 CHALKSTONE AVENUE, PROVIDENCE, RI 02908
- Signed the 990
- SATISH SHARMA MD, PRESIDENT
- Phone
- (401) 457-3066
- Website
- WWW.OSRIINC.ORG
- Return prepared by
- CBIZ ADVISORS LLC
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.
Program accomplishments
- 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 $7,427,778 · grants $1,536,001 · revenue $8,278,316
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 05-0440574
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Hospital or medical research organization
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1989
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Medical research (H00Z)
- Assets (IRS master file)
- $3,402,054
- Income (IRS master file)
- $8,345,540
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $8,345,540 | $8,048,515 | $3,402,054 | XML |
| 990 | September 2024 | $7,182,595 | $6,995,426 | $3,353,783 | XML |
| 990 | September 2023 | $5,983,699 | $5,893,664 | $2,727,296 | XML |
| 990 | September 2022 | $5,112,381 | $5,102,442 | $2,864,500 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 05-0440574).
Questions about OCEAN STATE RESEARCH INSTITUTE INC
- What is the EIN of OCEAN STATE RESEARCH INSTITUTE INC?
- The employer identification number (EIN) of OCEAN STATE RESEARCH INSTITUTE INC is 05-0440574.
- Is OCEAN STATE RESEARCH INSTITUTE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to OCEAN STATE RESEARCH INSTITUTE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OCEAN STATE RESEARCH INSTITUTE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of OCEAN STATE RESEARCH INSTITUTE INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OCEAN STATE RESEARCH INSTITUTE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of OCEAN STATE RESEARCH INSTITUTE INC?
- The 990 for the year ended September 30, 2025 names SATISH SHARMA MD.
- Who are the officers and directors of OCEAN STATE RESEARCH INSTITUTE INC?
- The 990 for the year ended September 30, 2025 lists 15 people; 5 received compensation from the organization, the highest $135,502 (MARYAM RAHAFROOZ, DATA SCIENTIST).
- How much revenue does OCEAN STATE RESEARCH INSTITUTE INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $8,345,540, expenses of $8,048,515 and total assets of $3,402,054 at year end.
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