Lifespan Corporation

Organization Overview

Lifespan Corporation is located in Providence, RI. The organization was established in 1988. According to its NTEE Classification (E02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Health Care and related organizations. As of 09/2021, Lifespan Corporation employed 1,357 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lifespan Corporation 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 09/2021, Lifespan Corporation generated $281.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $273.3m during the year ending 09/2021. While expenses have increased by 5.7% 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.

Since 2015, Lifespan Corporation has awarded 61 individual grants totaling $1,055,395. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

DELIVERING HEALTH WITH CARE WHILE MAINTAINING A COMPREHENSIVE, INTEGRATED, ACADEMIC HEALTH SYSTEM. LIFESPAN CORPORATION PROVIDES SUPPORT SERVICES TO ITS AFFILIATES TO ASSURE THE DELIVERY OF HIGH-QUALITY HEALTH SERVICES, MEDICAL EDUCATION, AND BIOMEDICAL RESEARCH.

Describe the Organization's Program Activity:

LIFESPAN CORPORATION (LIFESPAN) PLANS, DIRECTS, AND ESTABLISHES POLICIES TO ASSURE THE DEVELOPMENT AND DELIVERY OF COMPREHENSIVE, HIGH-QUALITY HEALTH SERVICES, HEALTH CARE PROFESSIONAL EDUCATION, AND BIOMEDICAL RESEARCH BY ITS HOSPITALS AND OTHER AFFILIATED ORGANIZATIONS ON AN INTEGRATED, COST-EFFECTIVE BASIS. LIFESPAN PROVIDES SUPPORT SERVICES TO ITS AFFILIATES, SUCH AS INFORMATION SERVICES, RISK MANAGEMENT, LEGAL, COMMUNICATIONS AND PUBLIC AFFAIRS, FUNDRAISING, FACILITY DEVELOPMENT, STRATEGIC PLANNING, INTERNAL AUDIT/COMPLIANCE, HUMAN RESOURCES, FINANCE, PAYOR CONTRACTING, AND INVESTMENT MANAGEMENT, FOR WHICH EACH AFFILIATE IS CHARGED A FEE EQUIVALENT TO THE ESTIMATED COSTS INCURRED BY LIFESPAN IN PROVIDING THESE SERVICES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Epic Systems Corp
It Clinical Infrastr
$4,750,032
Alvarez & Marsal Healthcare Group Llc
Consulting
$1,906,105
Secureworks Inc
Info Security Svcs.
$3,011,075
Kpmg Llp
Accounting
$943,350
Automatic Data Processing Inc
Payroll Services
$1,429,453
View All Vendors

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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$279,299,863
Investment income $1,777,525
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $281,124,527

Grants Awarded

Over the last fiscal year, Lifespan Corporation has awarded $170,795 in support to 3 organizations.

Grant RecipientAmount

INST FOR STUDY & PRACTICE OF NONVIOLENCE

Org PageRecipient Profile

Providence, RI

PURPOSE: Community Health Prog Sponsor

$130,000

AMERICAN HEART ASSOCIATION

Org PageRecipient Profile

Dallas, TX

PURPOSE: Support Cardiovascular Health

$25,795

AMERICAN CANCER SOCIETY

Org PageRecipient Profile

Kennesaw, GA

PURPOSE: Event Sponsor

$15,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Lifespan Corporation has recieved totaling $249,300.

Awarding OrganizationAmount
Golf Fights Cancer Inc

Norton, MA

PURPOSE: RICHARD BROWNING RESEARCH FUND

$120,000
Golf Fights Cancer Inc

Norton, MA

PURPOSE: INPATIENT PEDIATRIC ONCOLOGY RENOVATIONS PROJECT AT HASBRO CHILDREN'S

$100,000
Joy In Childhood Foundation Inc

Canton, MA

PURPOSE: Support Sick and Hungry Kids

$29,300
View Grant Recipient Profile

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