Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1988.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
100 cents of each dollar spent went to programs.
Form 990 Part IX, line 25. Every line is in By the numbers.
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Who runs it and what they're paid
37 people listed on the 990; $13.4M paid to officers and key staff.
John Fernandez’s $1.7M as President & CEO is at the 76th percentile of top reported officer pay among 1747 $100M+ health care 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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Timothy J Babineau | — | $2,343,283 | $6,453,503 | — | — | — |
| Timothy J Babineau MD | $1,335,765 | — | — | $1,886,252 | $2,572,012 | $1,761,978 |
| John Fernandez | $1,651,362 | $2,148,746 | — | — | — | — |
| Peter K Markell | $1,464,555 | $1,193,642 | — | — | — | — |
| Mary a Wakefield | — | — | — | $1,273,303 | $1,107,285 | $870,016 |
| Margaret Van Bree Mha Drph | — | — | — | — | $1,059,267 | $810,873 |
| John B Murphy MD | — | — | — | — | $1,032,421 | $716,018 |
| Babar Khokhar MD | $1,001,370 | — | — | — | — | — |
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 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Provides integrated healthcare, medical education, and research through a comprehensive system.
Questions for Lifespan Corporation
Your first name shows with your question. Lifespan Corporation answers here, for everyone.
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Brown university health 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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $10.1M | $9.2M |
| InvestmentsLn 11–13 | $228.3M | $485.5M |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $478.8M | $1.12B |
| LiabilitiesLn 26 | $392.4M | $979.3M |
| Net assetsLn 32 | $86.4M | $135.7M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $850K | $850K | ||
| Pay of current officers, directors and key staffLn 5 | $9.5M | $9.5M | ||
| Pay of disqualified personsLn 6 | $645K | $645K | ||
| Other salaries and wagesLn 7 | $145.3M | $145.3M | ||
| Pension plan contributionsLn 8 | $9.3M | $9.3M | ||
| Other employee benefitsLn 9 | $18.3M | $18.3M | ||
| Payroll taxesLn 10 | $10.0M | $10.0M | ||
| Management feesLn 11a | $105K | $105K | ||
| Legal feesLn 11b | $6.9M | $6.9M | ||
| Accounting feesLn 11c | $903K | $903K | ||
| Lobbying feesLn 11d | $221K | $221K | ||
| Investment management feesLn 11f | $560K | $560K | ||
| Other fees for servicesLn 11g | $74.1M | $74.1M | $0 | $0 |
| Advertising and promotionLn 12 | $2.5M | $2.5M | ||
| Office expensesLn 13 | $8.7M | $8.7M | ||
| Information technologyLn 14 | $39.7M | $39.7M | ||
| OccupancyLn 16 | $18.7M | $18.7M | ||
| TravelLn 17 | $841K | $841K | ||
| Conferences, conventions and meetingsLn 19 | $476K | $476K | ||
| InterestLn 20 | $97K | $97K | ||
| InsuranceLn 23 | $35.6M | $35.6M | ||
| Other expenses (24a–d)Ln 24 | $27.8M | $27.8M | ||
| All other expensesLn 24e | $5.2M | $5.2M | $0 | $0 |
| Total functional expensesLn 25 | $416.4M | $416.4M | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $449.3M | $416.4M | $32.9M | $135.7M | 990 PDF |
| FY2024 | $352.6M | $359.3M | −$6.7M | $86.4M | 990 PDF |
| FY2023 | $302.2M | $294.8M | $7.5M | $48.5M | 990 PDF |
| FY2022 | $285.1M | $287.3M | −$2.2M | $35.6M | 990 PDF |
| FY2021 | $281.1M | $273.3M | $7.9M | $36.7M | 990 PDF |
| FY2020 | $255.7M | $240.0M | $15.8M | $23.0M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $449,326,854 revenue, 12 lines filed
Part VI · Governance 12 of 17 board members independent, 1 to look at
Part VIII · Statement of revenue $449,326,854 across 12 lines filed
Part IX · Statement of functional expenses $416,402,766 across 23 lines filed
Part X · Balance sheet $1,115,050,265 assets, 16 lines filed
Part XI · Reconciliation of net assets $135,726,060 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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