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 09/2019, Lifespan Corporation employed 1,371 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 09/2019, Lifespan Corporation generated $240.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $238.6m during the year ending 09/2019. While expenses have increased by 4.0% per year over the past 5 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 55 individual grants totaling $798,985. 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 990 Filing

TAX YEAR

2019

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 QUALITY HEALTH SERVICES, PROFESSIONAL EDUCATION, AND BIOMEDICAL RESEARCH.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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 COSTS INCURRED BY LIFESPAN IN PROVIDING THESE SERVICES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ge Healthcare Camden Group
Consulting
$4,300,000
Epic Systems Corp
It Clinical Infrastr
$5,014,350
Secureworks Inc
Info Security Svcs.
$2,713,155
Automatic Data Processing
Payroll Processing
$2,417,359
Teksystems Inc
It Staffing
$1,740,395
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$0
Investment income $2,469,246
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 $240,445,480

Grants Awarded

Over the last fiscal year, Lifespan Corporation has awarded $238,415 in support to 12 organizations.

Grant RecipientAmount

AMERICAN HEART ASSOCIATION

Org PageRecipient Profile

Dallas, TX

PURPOSE: Support Cardiovascular Health

$75,000

PROVIDENCE BUSINESS NEWS

PURPOSE: Co-Sponsorship of Events

$30,915

Providence, RI

PURPOSE: Cancer Family Support

$21,500

RHODE ISLAND QUALITY INST

Org PageRecipient Profile

Providence, RI

PURPOSE: Charitable Support

$20,000

Boston, MA

PURPOSE: Charitable Sponsorship

$17,500

BRYANT UNIVERSITY

Org PageRecipient Profile

Smithfield, RI

PURPOSE: Charitable Sponsorship

$16,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Lifespan Corporation has recieved totaling $9,264.

Awarding OrganizationAmount
Lifespan Foundation

Providence, RI

PURPOSE: Philanthropy Support

$9,264
View Grant Recipient Profile

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