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Lifespan Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 050493219 ✦ Providence, RI ✦ Designated as a 501(c)(3)

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Overview

What is Lifespan Foundation?

Lifespan Foundation is a charitable organization situated in Providence, Rhode Island, with an address at 167 Point Street, 02903. Their primary mission is to contribute to the betterment and support of Lifespan Corporation and the surrounding Rhode Island community through philanthropic activities. In fiscal year 2022, they allocated a substantial sum of $1,500,000 to Rhode Island Hospital (RIH) to enhance opportunities for individuals belonging to Black, Indigenous, and People of Color (BIPOC) by providing access to employment, job training, healthcare professional certification, advanced education, and leadership development. This commitment to diversity and inclusion is a significant aspect of the Lifespan Foundation's operations.


Official website here: www.lifespan.org

Is Lifespan Foundation legitimate?

Lifespan Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lifespan Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.lifespan.org

What is the mission statement of Lifespan Foundation?

The Lifespan Foundation, in its philanthropic activities, supports the mission and purposes of Lifespan Corporation and its affiliates, as well as the Rhode Island community. Operating under charitable, scientific, and educational purposes, the Foundation aims to be responsive to the needs of Lifespan Corporation. In the fiscal year 2022, the Foundation demonstrated its commitment by transferring $1.5 million to Rhode Island Hospital (RIH), with the intention of increasing opportunities for individuals from underrepresented groups, including Black, Indigenous, and People of Color, to access employment, job training, healthcare professional certification, advanced education, and leadership development.


Official website here: www.lifespan.org

Who is the CEO of Lifespan Foundation?

Nicholas J Dominck Jr is the President of Lifespan Foundation.


Official website here: www.lifespan.org

What is the revenue of Lifespan Foundation?

Lifespan Foundation's revenue in 2022 was $318,806.


Official website here: www.lifespan.org

Who are the executives of Lifespan Foundation and what are their salaries?


Here are 7 key members and their salaries:


Timothy J Babineau Md (Trustee-6/22)
  • Compensation: $0
  • Related: $2,336,252
  • Other: $1,293,210
Mary A Wakefield (Fmr. Treasurer)
  • Compensation: $0
  • Related: $1,273,303
  • Other: $125,549
Paul J Adler (Secretary)
  • Compensation: $0
  • Related: $828,234
  • Other: $146,676
Cathy E Duquettephd Mba Rn (Trustee-6/22)
  • Compensation: $0
  • Related: $739,598
  • Other: $129,797
Nicholas J Dominck Jr (President)
  • Compensation: $0
  • Related: $480,314
  • Other: $106,569
David A Kirshner (Treasurer)
  • Compensation: $0
  • Related: $390,974
  • Other: $7,478
Arthur J Sampson (Trustee)
  • Compensation: $0
  • Related: $70,928
  • Other: $3,282


Official website here: www.lifespan.org

Where can I find the form 990 for Lifespan Foundation?

Lifespan Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.lifespan.org

Learn more at the official website: www.lifespan.org

Mission Statement of Lifespan Foundation

The Lifespan Foundation, as a philanthropic entity, operates with the primary objective of supporting and furthering the mission and purposes of Lifespan Corporation and its affiliates, while also being responsive to the needs of the Rhode Island community at large. In pursuit of this mission, the Foundation engages in charitable, scientific, and educational activities, channeling funds towards initiatives that align with these objectives.

Specifically, the Foundation's mission entails being of service to Lifespan Corporation, aiding in its growth and development. This is achieved through the transfer of financial resources, enabling Lifespan Corporation to expand its reach and impact in the fields of employment, job training, healthcare professional certification, advanced education, and leadership development, particularly for Black, Indigenous, and People of Color (BIPOC). This commitment to diversity and inclusion is a key aspect of the Lifespan Foundation's mission, underscoring its dedication to fostering equity and opportunity in the Rhode Island community.

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Impact




October, 2024

Lifespan Foundation significantly impacts the Rhode Island community by providing financial support that enhances access to essential services and opportunities, particularly for BIPOC individuals. In fiscal year 2022, the Foundation transferred $1,500,000 to Rhode Island Hospital, which focused on creating better access to employment, job training, healthcare certification, advanced education, and leadership development for marginalized communities. By addressing these critical needs, the Foundation plays a vital role in fostering equity and improving health outcomes in the region. Its efforts not only strengthen the local healthcare system but also empower individuals to pursue careers and education that can lead to long-term community benefits.




This information is meant to be a general summary of Lifespan Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$318,806 (2022)
Expenses
$1,808,534 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$154,993
  • Gross Receipts: $3,114,544

Assets and Liabilities:

  • Total Assets: $14,665,560
  • Total Liabilities: $33,140
  • Net Assets: $14,632,420

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Organization Details

Founding Year

1996

Principal Officer

Nicholas J Dominck Jr

Main Address

167 Point Street, Providence, RI, 02903

NTEE Category

Code: E20 - Health

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