2011-08-11T16:49:29-07:00 2010-09-30 KPMG LLP 2 Financial Center 60 South Street Boston MA 02111 990 2009-10-01 050493219 Lifespan Foundation LIFE 4014446500 167 Point Street Providence RI 02903 Mary A Wakefield 2011-08-11 2009 2016-02-24 21:20:13Z George A Vecchione 167 Point Street Providence RI 02903 2013062 false false X www.lifespan.org X 1996 RI Through the development and administration of philanthropic activities, the Lifespan Foundation (the Foundation) is able to grant funds that help support the mission and purposes of Lifespan, its affiliates and the Rhode Island community. 5 0 0 1 0 60842 316951 0 -39457 221026 0 21385 537977 99634 327194 0 0 0 148 -460 843 99174 328037 -77789 209940 5164034 5504340 1588531 1587586 3575503 3916754 Through the development and administration of philanthropic activities, the Lifespan Foundation (the Foundation) is able to grant funds that help support the mission and purposes of Lifespan, its affiliates and the Rhode Island community. false false 150000 150000 Philanthropy program in support of both Rhode Island Hospital Foundation and The Miriam Hospital Foundation Patient Navigator Programs. $80,000 was transferred to Rhode Island Hospital Foundation and $70,000 to The Miriam Hospital Foundation. This program is designed to assist patients who receive abnormal mammogram results with follow-up diagnostics and those diagnosed with cancer through care and treatment. 130000 130000 Philanthropic support of various foundation programs. For example, $65,000 was transferred to Rhode Island Hospital Foundation in support of Hasbro Children's Hospital Asthma and Allergy Center to be used for general support related to food allergies. The Foundation also transferred $65,000 to Bradley Hospital Foundation in support of its Capital Campaign program. 40194 40194 Philanthropic support of various programs at Lifespan. For example, $25,000 was transferred to Lifespan Workforce Development to support the Summer Youth Programs, specifically to provide support to offset the cost of providing summer training and employment to youths. The Foundation also transferred $15,194 to the Lifespan Learning Institute for use in its Language Resource Center (the Center) to help provide tutoring, language-learning software and hardware, and program evaluation. The Center, which strives to lower career advancement barriers for employees and enhance patient care, offers language-learning technology to Lifespan employees and to community members seeking jobs in the health industry, as well as to health professionals wishing to communicate better with non-English speaking patients. 7000 7000 327194 true true false false false false false false false true true false true false false false false false false false false false true false true false false false false false false false false false false false false false false false false true false false false true 1 0 true 0 false false false false false false false false false false false false 0 false false false false false false false false 5 0 true false false false true true true true true false false false true true true true true true true true false false X X Mary A Wakefield 4014447914 167 Point Street Providence RI 02903 Mary A Wakefield 1.00 X X 0 703615 93428 Mark T Cummings 4.00 X X 0 375979 66061 Kenneth E Arnold 0.10 X 0 631953 721572 George A Vecchione 0.10 X X 0 1419662 1506864 Alfred J Verrecchia 1.00 X X 0 0 0 3131209 2387925 0 false true false 0 316951 316951 0 70522 70522 0 0 0 1625589 1475085 150504 150504 150504 0 0 0 0 537977 221026 327194 327194 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Uncollectible Pledge Expense 148 148 Miscellaneous G&A 695 695 0 328037 327194 695 148 1648 11883 0 940 401 0 0 0 0 0 38740 0 3323876 3513210 1814905 1618020 0 0 22665 322086 5164034 5504340 118769 206727 24400 1469762 1356459 1588531 1587586 X -1330250 -1330289 1905753 2247043 3000000 3000000 3575503 3916754 5164034 5504340 X false true true X false false X 96749 85231 103533 60842 316951 663306 0 0 96749 85231 103533 60842 316951 663306 397860 265446 74878 75789 82691 58166 70522 362046 0 0 1025352 0.25890 0.25960 X Part II, Line 17a--Lifespan Foundation satisfies the "Facts and Circumstances" test to remain a 509(a)(1) publicly-supported entity based on the following:(1) The Foundation is at least 10% publicly supported.(2) The Foundation is organized and operated to attract new and additional public support through a continuous and bona fide program for the solicitation of funds, with opportunities in the following areas:- Workforce Development- Comprehensive Cancer Center- Pediatric Research Center- Shared research programs at Rhode Island Hospital and The Miriam Hospital- Charity care- Primary care and community health initiatives- Other Centers of Excellence Campaigns and Events(3) The mission of the Foundation is to support the activities of Lifespan and its affiliates, which serve a broad base of the community. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5161445 524415 467675 327194 373025 5453316 4758771 481304 21004 99634 5161445 0.55000 0.45000 false false false 1618020 322086 Due to Affiliates 1356459 1356459 Part V, Line 4 Part V, Line 4: Intended uses of the endowment fund. Lifespan Foundation's (the Foundation's) endowment funds were established for a variety of purposes, including both donor-restricted endowment funds and funds designated by the Foundation to function as endowments. The Foundation's permanently restricted endowments generate income which is donor-designated for shared chairs, more specifically one for interventional cardiology and one for diagnostic imaging. The largest term endowments held by the Foundation are used to support various health programs sponsored by Lifespan. true The Miriam Hospital Foundation 167 Point Street Providence RI 02903 050377502 70000 0 Philanthropy Support Rhode Island Hospital Foundation 167 Point Street Providence RI 02903 050468736 147500 0 Philanthropy Support Lifespan Corporation 167 Point Street Providence RI 02903 222861978 42194 0 Philanthropy Support Bradley Hospital Foundation 167 Point Street Providence RI 02903 050500688 67500 0 Philanthropy Support 4 0 Grantmaker's Description of How Grants are Used The Foundation engages in philanthropic activities to support the mission and purposes of Lifespan Corporation and certain of its affiliates. During the year ended September 30, 2010, the Foundation made temporarily restricted net asset transfers to specified programs. A master database of the Foundation's temporarily restricted funds is maintained as the primary source for identifying each fund's restriction, the availability of the current balance and the authorized personnel for the respective fund. The database contains the fund's name, primary reporting department, most recent month end balance, fund purpose/restriction, and the management responsible for the fund. Expenditures (purchase requisitions, work order requisitions, check requests and employee reimbursements) from the Foundation's temporarily restricted funds must be presented to the Lifespan Finance Department for approval prior to processing. Each request is reviewed to ensure the availability of funds and that the expense/purchase is both in conformity with the fund's restriction and approved by the required levels of authorized personnel referenced in the database. X X true true X X X X X false true false false false false false true false false Mary A Wakefield 442966 168351 92298 79018 14410 797043 67165 Mark T Cummings 253158 79260 43561 48044 18017 442040 23238 Kenneth E Arnold 389789 153351 88813 706626 14946 1353525 60691 George A Vecchione 853024 522051 44587 1485197 21667 2926526 Sch J, Part I, Line 7 Part I, Line 7: Non-Fixed payments not listed above The Lifespan Annual Incentive Compensation Plan provides a financial award opportunity for designated members of management, based on quantified objectives that are approved in advance by the Compensation Committee of the Lifespan Board of Directors. A specified level of financial performance must be met before any award is earned. The objectives vary from year to year and generally include various aspects of financial measures in addition to non-financial performance measures. For certain participants in the Annual Incentive Compensation Plan, the award opportunity is divided into two pools. The first pool represents 80% of any earned incentive award, based on the achievement of the team performance objectives. The remaining 20% pool is distributed on an individual basis to participants at the discretion of the CEO, in each case subject to approval by the Compensation Committee of the Lifespan Corporation Board of Directors. Sch J, Part I, Line 1a Part I, Line 1a: Relevant information in regards to selections on 1a. Tax indemnification and gross-up payments:The Lifespan Executive Long Term Disability program provides financial protection to designated Lifespan executives in the event that they become disabled. Premiums are paid to the insurance carrier by the insureds on an after tax basis to allow for income replacement at a reasonable cost. The income associated with the premiums is grossed-up to cover the total cost of the benefit as provided in the Lifespan Executive Benefit Plan and is included in Medicare wages, more specifically on Schedule J, Part II, column B (iii).The Lifespan CEO's employment contract provides for reimbursement of financial and estate planning counseling expenses, including the federal and state taxes associated with the cost of the benefit. The amount of such benefit is included in Medicare wages, more specifically on Schedule J, Part II, column B (iii).Social Club Dues:The job responsibilities of certain executives include development of relationships with business leaders and donors. Those relationships are facilitated by the ability to meet in a setting where focused business discussions take place. The Hope and University Clubs, which require individual memberships, are places in Providence where businessmen and women, civic, community and social leaders can gather in a business-like atmosphere. The cost of membership is considered by Lifespan to be reasonable and necessary and thus a qualified business expense not taxable to the employee. IRS regulations regarding documentation requirements are followed for any payments made for meetings held at the respective club, including the business purpose and nature of the business benefit derived; the nature of the business discussion or activity; and the identity and business relationship of attendees. Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Lifespan currently makes its annual and quarterly consolidated financial statements available to the public via DAC (Digital Assurance Certification LLC), a disclosure dissemination agent for issuers of the tax-exempt bonds which electronically posts and transmits Lifespan's financial information to repositories and investors alike. In addition, copies of the Foundation's articles of incorporation, bylaws, and conflict of interest policy are available upon request from the office of the Lifespan Chief Financial Officer, either in person or by mail. Form 990, Part VI, Line 11 Form 990, Part VI, Line 11: Form 990 Review Process The preparation and filing of the Form 990 and supporting schedules is the responsibility of the Chief Financial Officer and Lifespan's Finance Department, with review by Lifespan's tax advisors, KPMG LLP. The Form 990 is prepared by the accounting staff upon completion of Lifespan's annual independent audit for initial review by the Director of Finance and the Vice President of Finance - Corporate Services. Once the draft Form 990 is complete, the Director of Finance forwards it with all supporting worksheets to KPMG, which then reviews the completed form in detail. The Director of Finance answers questions as they arise and provides additional information as needed. Any recommended changes are incorporated into the return. The draft Form 990 is then provided to the Chief Financial Officer for final management review. Prior to filing the return with the Internal Revenue Service, a copy of the entire form is sent to the Organization's Board of Trustees in advance of its next Board meeting, at which the Chief Financial Officer discusses the highlights of the Form. All questions and concerns of the members of the Board are addressed by the Chief Financial Officer and incorporated into the Form 990 when appropriate. The Chief Financial Officer is authorized to file the Form 990. Form 990, Part VI, Line 7a Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body The bylaws of Lifespan Foundation (the Foundation) confer certain reserved powers on Lifespan to provide it with the means of effective oversight, coordination and support of the system. Powers reserved to Lifespan include: to elect and remove trustees and to approve the election of and to remove certain officers. At each annual meeting of the Foundation Board of Trustees, a list is compiled of the names of those persons selected to serve as Trustees of the Foundation so that it can be approved and submitted to Lifespan for ratification and election. Form 990, Part VI, Line 6 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder Lifespan is the sole corporate member of Lifespan Foundation. Form 990, Part VI, Line 2 Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et George A. Vecchione, President, and Kenneth E. Arnold and Mary A. Wakefield, Trustees, are all employed by and officers of Lifespan Corporation. Mark T. Cummings, Secretary and Treasurer, is also an employee of Lifespan Corporation. Additionally, Alfred J. Verrecchia, Chairman, is also the Chairman of the Lifespan Corporation Board of Directors. Form 990, Part III, Line 4d Form 990, Part III, Line 4d : Other Program Services Description OTHER PROGRAM SERVICES 4: Philanthropy program in support of both Rhode Island Hospital Foundation and The Miriam Hospital Foundation Patient Navigator Programs. $80,000 was transferred to Rhode Island Hospital Foundation and $70,000 to The Miriam Hospital Foundation. This program is designed to assist patients who receive abnormal mammogram results with follow-up diagnostics and those diagnosed with cancer through care and treatment. RI Sound Enterprises Insurance Co Ltd 65 Front Street Hamilton BD HM 12, Offshore Captive Insurance BD NA The Miriam Hospital Foundation 167 Point Street Providence RI 02903 050377502 Philanthropic Activities RI 501(c)(3) 7 NA The Miriam Hospital 164 Summit Avenue Providence RI 02906 050258905 Health Care Services RI 501(c)(3) 3 NA RIH Ventures 593 Eddy Street Providence RI 02903 050448686 Parking Facilities/ Phlebotomy Services RI 501(c)(3) 11 NA Rhode Island Hospital Foundation 167 Point Street Providence RI 02903 050468736 Philanthropic Activities RI 501(c)(3) 7 NA Rhode Island Hospital 593 Eddy Street Providence RI 02903 050258954 Health Care Services RI 501(c)(3) 3 NA NHCC Medical Associates Inc 11 Friendship Street Newport RI 02840 050472268 Health Care Services RI 501(c)(3) 11 NA Newport Hospital Foundation Inc 11 Friendship Street Newport RI 02840 222535533 Philanthropic Activities RI 501(c)(3) 11 NA Newport Hospital 11 Friendship Street Newport RI RI 02840 050258914 Health Care Services RI 501(c)(3) 3 NA Newport Health Property Management Inc 11 Friendship Street Newport RI 02840 222335539 Property Management RI 501(c)(3) 11 NA Newport Health Care Corporation 11 Friendship Street Newport RI 02840 222535537 Holding Company/ Mgmnt Services RI 501(c)(3) 7 NA Lifespan of Massachusetts Inc c/o EAPD 111 Huntington Avenue Boston MA 02199 043408517 Holding Company MA 501(c)(3) 11 NA Lifespan Diversified Services 167 Point Street Providence RI 02903 050258935 Holding Company/ Mgmnt Services RI 501(c)(3) 11 NA Lifespan Corporation 167 Point Street Providence RI 02903 222861978 Holding Company/ Mgmnt Services RI 501(c)(3) 11 NA Hospital Properties Inc 593 Eddy Street Providence RI 02903 222869743 Property Management RI 501(c)(4) NA Emma Pendleton Bradley Hospital 1011 Veterans Memorial Parkway East Providence RI 02915 050258806 Pediatric Psychiatric Health Care Services RI 501(c)(3) 3 NA Bradley Hospital Foundation 167 Point Street Providence RI 02903 050500688 Philanthropic Activities RI 501(c)(3) 7 NA VNA Technicare Inc 622 George Washington Highway Lincoln RI 02865 050472710 DME Sales RI NA C corp Lifespan Risk Services Inc 167 Point Street Providence RI 02903 050459767 Risk Mgmnt RI NA C corp Lifespan MSO Inc 167 Point Street Providence RI 02903 050508717 Mgmnt Svcs RI NA C corp false true false false false false false false false false true false true true true false false false