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LIFESPAN CORPORATION

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Public IRS 990 nonprofit record

LIFESPAN CORPORATION

EIN 22-2861978 · Health Care (E020)

What they do

Delivering Health With Care While Maintaining A Comprehensive, Integrated, Academic Health System. Brown University Health Provides Support Services to Its Affiliates to Assure The Delivery of High Quality Health Services, Medical Education, and Biomedical Research.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $100.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders35 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

101.90%of revenue went to mission work100.0% of expenses · Program services
$79.96spent for every $100 of revenueRevenue covered expenses this year.
$3.10in assets for every $1 spent this yearSome assets cannot be spent right away.
2.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $3,679,676 for TIMOTHY J BABINEAU (FORMER PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$352,572,623
Mission workProgram services$359,263,520101.90% of revenue100.0% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$359,263,520101.90% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2023CurrentExpense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 101.90% of revenue
2022Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 97.53% of revenue
2021Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 100.78% of revenue
2020Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 97.21% of revenue
2019Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 93.84% of revenue
2018Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 99.21% of revenue
2017Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 90.89% of revenue
2016Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 96.19% of revenue

Money in and money out

Revenue$449,326,854
Expenses$359,263,520
Annual surplus $90,063,334 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$359,263,520 · 100.0% of expenses
See all reported dollar amounts
Revenue$449,326,854
Expenses$359,263,520
Assets$1,115,050,265
Income$498,568,536
Contributions$10,000,000
Mission work (program services)$359,263,520
Grants given$1,660,940
Average grant$23,728
Executive compensation (total)$4,698,870
Stocks and bonds$164,378,544
Accounting fees$843,206
Investing fees$657,624
People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
TIMOTHY J BABINEAUFORMER PRESIDENT & CEO $3,679,676Base $2,343,283 · Other $1,336,393
JOHN FERNANDEZPRESIDENT & CEO · 30 hrs/week $2,456,122Base $2,148,746 · Other $307,376
SAUL N WEINGART MDPRESIDENT - RHODE ISLAND HOSPITAL · 40 hrs/week $1,297,289Base $937,729 · Other $359,560
PETER K MARKELLEVP & CFO · 45 hrs/week $1,212,570Base $1,193,642 · Other $18,928
PAUL J ADLERSECRETARY · 24 hrs/week $1,077,941Base $926,856 · Other $151,085
CEDRIC J PRIEBESVP- CHIEF INFORMATION OFFICER · 40 hrs/week $941,382Base $829,711 · Other $111,671
MARIA P DUCHARMEPRESIDENT - THE MIRIAM HOSPITAL · 40 hrs/week $820,221Base $690,464 · Other $129,757
HENRY T SACHS III MDPRESIDENT - EMMA PENDLETON BRADLEY HOSPITAL · 40 hrs/week $797,221Base $767,763 · Other $29,458
WILLIAM SCHMIEDEKNECHTSVP- HR · 40 hrs/week $754,581Base $656,591 · Other $97,990
EVA GREENWOODTREASURER · 38 hrs/week $737,076Base $649,185 · Other $87,891
CRISTA F DURANDPRESIDENT - NEWPORT HOSPITAL · 40 hrs/week $709,857Base $591,433 · Other $118,424
KENNETH E WOODCHIEF CLINICAL OFFICER (THRU 4/23) · 40 hrs/week $450,884Base $420,214 · Other $30,670

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (35)

TIMOTHY J BABINEAUFORMER PRESIDENT & CEO

JOHN FERNANDEZPRESIDENT & CEO

SAUL N WEINGART MDPRESIDENT - RHODE ISLAND HOSPITAL

PETER K MARKELLEVP & CFO

PAUL J ADLERSECRETARY

CEDRIC J PRIEBESVP- CHIEF INFORMATION OFFICER

MARIA P DUCHARMEPRESIDENT - THE MIRIAM HOSPITAL

HENRY T SACHS III MDPRESIDENT - EMMA PENDLETON BRADLEY HOSPITAL

WILLIAM SCHMIEDEKNECHTSVP- HR

EVA GREENWOODTREASURER

CRISTA F DURANDPRESIDENT - NEWPORT HOSPITAL

KENNETH E WOODCHIEF CLINICAL OFFICER (THRU 4/23)

DAVID A KIRSHNERFORMER TREASURER

TODD A CONKLINFORMER EVP & COO

ARTHUR J SAMPSONFORMER INTERIM PRESIDENT/CEO

ZIYA L GOKASLAN MDDIRECTOR

G ALAN KUROSEFORMER DIRECTOR

LAWRENCE B SADWINDIRECTOR

STEVEN PAREDIRECTOR (THRU 12/23)

SHIVAN SUBRAMANIAMDIRECTOR

SARAH T DOWLING JD LLMDIRECTOR

ROGER N BEGINDIRECTOR

PHILLIP KYDDDIRECTOR

PETER CAPODILUPOVICE CHAIR

PAULA MCNAMARADIRECTOR

MICHAEL L HANNADIRECTOR

MARTHA MAINIERO MDDIRECTOR

ALAN H LITWINVICE CHAIR

LAWRENCE A AUBIN SRCHAIR

JANET ROBINSONDIRECTOR

JANE WILLIAMS PHD RNDIRECTOR (THRU 12/23)

EMANUEL BARROWSDIRECTOR

EDWARD D FELDSTEIN ESQDIRECTOR

CHRISTOPER COCKSDIRECTOR

ANGEL TAVERASDIRECTOR (AS OF 12/23)

About this charity

Recognized since
January 1988
Location
15 LASALLE SQUARE, PROVIDENCE, RI 02903-1814
County
Providence
In care of
% BANK OF AMERICA N A
Primary officer
John Fernandez, President & CEO

How to reach them

Filing and classification

Latest tax year
2023
Tax period began
October 1, 2023
Return type
990
Tax preparer
KPMG LLP
NTEE classification
Health Care (E020)
IRS tax category
General Medical and Surgical Hospitals
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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