Lifespire INC

Tax-deductible

New York, NY501(c)(3)Since 1951Human ServicesEIN 13-2526022

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Lifespire, inc's mission is to champion and support people with developmental/intellectual disabilities and their families to realize their goals and dreams. The agency is funded through government programs, consumer contributions and gifts. IT is the agency's aim to provide individuals with developmental disabilities the assistance and support necessary to achieve a level of functional behaviors and cognitive skills to enable them to maintain themselves in their community in the most integrated and independent manner possible.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Run by 16 volunteers and 990 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $2.7M a year · 3% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.5M
to officers and key staff · 1% of spending
Top officer’s pay lower than 67% of similar orgs
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $26
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$88.3M
53% of total assets
Fine: liabilities are 53% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$110.7M
+8% vs prior year
Spent
$104.3M
To programs
92%
Net assets
$77.8M
By yearFY2020–FY2024
Revenue
$110.7M
FY2024▲ +8%
Revenue by fiscal year
FY2020$98.2M
FY2021$78.3M
FY2022$104.1M
FY2023$105.7M
FY2024$102.7M
FY2024$110.7M
Expenses
$104.3M
FY2024▲ +5%
Expenses by fiscal year
FY2020$96.2M
FY2021$86.1M
FY2022$95.6M
FY2023$97.8M
FY2024$99.6M
FY2024$104.3M
Net assets
$77.8M
FY2024▲ +15%
Net assets by fiscal year
FY2020$31.1M
FY2021$32.7M
FY2022$45.3M
FY2023$57.9M
FY2024$67.6M
FY2024$77.8M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1961.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $96.2M Management & general 8% · $8.1M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

24 people listed on the 990; $1.5M paid to officers and key staff.

Part VII, Section A · reportable compensation
President/CEO
$325,485Pt VII · Sec A
Chief Financial Officer
$260,733Pt VII · Sec A
Chief Operating Officer
$188,776Pt VII · Sec A
VP for Day & Community Svcs
$172,707Pt VII · Sec A
VP for IT
$158,367Pt VII · Sec A
Director of Clinical Service
$151,933Pt VII · Sec A
Director of Nursing Services
$144,177Pt VII · Sec A
Controller
$141,198Pt VII · Sec A

Thomas Lydon’s $325K as President/CEO is at the 33rd percentile of top reported officer pay among 249 $100M+ human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Thomas Lydon$325,485$339,698$322,258———
Thomas Lydon———$327,132$326,907$307,700
Emilio Bonilla$260,733$239,545$225,244———
Keith Lee—————$237,075
Keith Lee————$202,222—
Emilio Bonilla———$194,511$176,390$167,020
Diana Portocarrero Vega$188,776$178,411$129,317———
Peter Valvo$158,367$185,210—$117,350——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowering people with disabilities to achieve their goals and dreams.

Provided by the organization

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3 program services account for $95.3M of program spending, described in the organization's own filed words · FY2024.
01

Residential Services

Provide a variety of options, dependent upon the level of assistance needed by each individual. Each facility allows the highest degree of independence. Some of these options include: 1. Intermediate care facilites: offer comprehensive professional residential services and care for adult with multiple disabilities. 2.

$57.6Mprogram expense
02

Waiver Services

Offers choices for individualized treatment and training to people with deficits in self care and domestic and independent living skills. Some of these services are: 1. Community habilitation: an in-home trainer helps the individual in the privacy of HIS/HER own home and community to acquire and improve skills in many areas. 2.

$36.3Mprogram expense
03

Article 16 clinic-designed to meet the specific clinical needs of developmentally disabled individuals and to help sustain them in their communities. The clinic provides personal assessment and treatment by professional, fully-accredited practitioners.

$1.4Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$26

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$110.7M
Ln 12
Fees for servicesLn 2g$106.9M
Gifts and grantsLn 1h$2.8M
Investment incomeLn 3$900K
Money outPt IX
$104.3M
Ln 25
Programscol B$96.2M
Managementcol C$8.1M
Owns and owesPt X
$77.8M
net assets · Ln 32
Cash and savingsLn 1–2$57.2M
Total assetsLn 16$166.2M
LiabilitiesLn 26$88.3M
PeoplePt VI, VII
24
listed · VII A
PaidVII A8
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.8M
Government grantsLn 1e$2.8M
Fees for servicesLn 2g$106.9M
Investment incomeLn 3$900K
Other incomeLn 4–11$3K
Total revenueLn 12$110.7M
Assets in detailPt X, end of year
CashLn 1$45.1M
SavingsLn 2$12.1M
Cash and savings togetherLn 1–2$57.2M
InvestmentsLn 11–13$492K
Land, buildings, equipmentLn 10c$15.3M
Other assetsLn 15$74.6M
Total assetsLn 16$166.2M
LiabilitiesLn 26$88.3M
Net assetsLn 32$77.8M
OperationsPt I, VI
EmployeesI 5990
VolunteersI 616
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$46.4M$57.2M
InvestmentsLn 11–13$461K$492K
Land, buildings, equipmentLn 10c$16.3M$15.3M
Total assetsLn 16$154.1M$166.2M
LiabilitiesLn 26$86.5M$88.3M
Net assetsLn 32$67.6M$77.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$957K$957K
Other salaries and wagesLn 7$38.7M$36.6M$2.1M
Pension plan contributionsLn 8$796K$730K$65K
Other employee benefitsLn 9$8.1M$7.5M$559K
Payroll taxesLn 10$3.2M$2.9M$318K
Legal feesLn 11b$458K$203K$256K
Accounting feesLn 11c$76K$76K
Other fees for servicesLn 11g$13.1M$13.0M$183K$0
Advertising and promotionLn 12$97K$66K$31K
Office expensesLn 13$1.5M$1.3M$218K
Information technologyLn 14$2.9M$2.0M$923K
OccupancyLn 16$11.1M$10.1M$984K
TravelLn 17$10.6M$10.5M$40K
InterestLn 20$804K$760K$44K
Depreciation, depletion and amortizationLn 22$2.1M$1.9M$246K
InsuranceLn 23$2.7M$2.2M$572K
Other expenses (24a–d)Ln 24$6.7M$6.2M$528K
All other expensesLn 24e$407K$407K$0$0
Total functional expensesLn 25$104.3M$96.2M$8.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $102.7M$99.6M$3.0M$67.6M 990 PDF
FY2023 $105.7M$97.8M$7.9M$57.9M 990 PDF
FY2022 $104.1M$95.6M$8.5M$45.3M 990 PDF
FY2021 $78.3M$86.1M−$7.8M$32.7M 990 PDF
FY2020 $98.2M$96.2M$1.9M$31.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $110,669,165 across 7 lines filed
VIII-1e Government grants$2,843,572
VIII-1h Total contributions, gifts and grants$2,843,572
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $106,923,124$106,923,124
VIII-3 Investment incomeExcluded from tax $899,831$899,831
VIII-6 Net rental income or lossExcluded from tax −$19,246−$19,246
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $17,814 · Excluded from tax $4,070$21,884
VIII-12 Total revenueRelated to mission $106,940,938 · Unrelated business $0 · Excluded from tax $884,655$110,669,165
Part IX · Statement of functional expenses $104,323,948 across 18 lines filed
IX-5 Pay of current officers, directors and key staffManagement $956,541$956,541
IX-7 Other salaries and wagesPrograms $36,557,073 · Management $2,095,187$38,652,260
IX-8 Pension plan contributionsPrograms $730,348 · Management $65,333$795,681
IX-9 Other employee benefitsPrograms $7,535,376 · Management $558,966$8,094,342
IX-10 Payroll taxesPrograms $2,866,965 · Management $317,697$3,184,662
IX-11b Legal feesPrograms $202,895 · Management $255,601$458,496
IX-11c Accounting feesManagement $75,675$75,675
IX-11g Other fees for servicesPrograms $12,951,981 · Management $182,841 · Fundraising $0$13,134,822
IX-12 Advertising and promotionPrograms $65,922 · Management $30,978$96,900
IX-13 Office expensesPrograms $1,321,908 · Management $218,147$1,540,055
IX-14 Information technologyPrograms $1,963,582 · Management $922,739$2,886,321
IX-16 OccupancyPrograms $10,108,828 · Management $984,348$11,093,176
IX-17 TravelPrograms $10,538,021 · Management $39,846$10,577,867
IX-20 InterestPrograms $760,103 · Management $44,103$804,206
IX-22 Depreciation, depletion and amortizationPrograms $1,885,479 · Management $245,842$2,131,321
IX-23 InsurancePrograms $2,150,054 · Management $571,521$2,721,575
IX-24 Other expenses (24a–d)Programs $6,184,542 · Management $528,299$6,712,841
IX-24e All other expensesPrograms $407,207 · Management $0 · Fundraising $0$407,207
IX-25 Total functional expensesPrograms $96,230,284 · Management $8,093,664 · Fundraising $0$104,323,948
Part X · Balance sheet $166,156,281 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $33,413,912$45,094,714
X-2 Savings and temporary cash investmentsStart of year $13,014,839$12,058,802
X-4 Accounts receivableStart of year $19,124,680$17,270,840
X-9 Prepaid expenses and deferred chargesStart of year $1,107,585$1,306,521
X-10c Land, buildings and equipment, netStart of year $16,281,908$15,307,056
X-11 Publicly traded securitiesStart of year $461,354$492,198
X-15 Other assetsStart of year $70,721,992$74,626,150
X-16 Total assetsStart of year $154,126,270$166,156,281
X-17 Accounts payable and accrued expensesStart of year $11,691,387$13,311,481
X-19 Deferred revenueStart of year $1,411,232$11,446
X-20 Tax-exempt bond liabilitiesStart of year $6,811,696$5,947,573
X-25 Other liabilitiesStart of year $66,569,689$69,064,983
X-26 Total liabilitiesStart of year $86,484,004$88,335,483
X-27 Net assets without donor restrictionsStart of year $67,583,686$77,763,218
X-28 Net assets with donor restrictionsStart of year $58,580$57,580
X-32 Total net assets or fund balancesStart of year $67,642,266$77,820,798
X-33 Total liabilities and net assetsStart of year $154,126,270$166,156,281
Part XI · Reconciliation of net assets $77,820,798 net assets at year end
XI-1 Total revenue$110,669,165
XI-2 Total expenses$104,323,948
XI-3 Revenue less expenses$6,345,217
XI-4 Net assets at start of year$67,642,266
XI-5 Net unrealized gains (losses) on investments$25,561
XI-8 Prior period adjustments$1,182,892
XI-9 Other changes in net assets$2,624,862
XI-10 Net assets at end of year$77,820,798

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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