Lifespan Incorporated EIN 56-1142969 Form 990 (PDF) Claim this org

Lifespan Incorporated

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Empowers people with disabilities through education, employment, and enrichment for community living. For fiscal year 2025 it reported $9.2M in revenue, $9.0M in expenses, and $11.7M in net assets.Pt I

Founded
1973
Type
Public charity (501(c)(3)) · Nonprofit
Location
Charlotte, NC
Website
www.lifespanservices.org
Filings
6 on file (2020–2025)
Revenue
$9.2MFY2025
Expenses
$9.0M
Net assets
$11.7M
People
20
Filings
6
Updates
0
More identity details & actions ⌄
EIN  56-1142969 Public charity (501(c)(3)) Charlotte, NC Founded 1973
Form 990 (PDF)
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Figures match the IRS filing checked 8/10/26 · see original: IRS
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Size
$1–10M
What they do
Empowers people with disabilities through education, employment, and enrichment for community living.
Leadership
Kenneth Fuquay · President/Ce · $177K
Money in and out
$9.2M revenue, $9.0M expenses
Bottom line
86% program efficiency
Where the money goes · FY2025
Total revenue
$9.2M
Pt VIII · Ln 12
Total expenses
$9.0M
Pt IX · Ln 25
Net assets
$11.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $191K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.12 Fundraising $0.02
Program efficiency
86%
of spending reaches programs-0.09% vs prior filing year
Operating runway
8.5mo
months of highly liquid reserves at operating expense rate▲ +143% vs prior filing year
Surplus margin
+2%
revenue over expenses, this year▲ +164% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$9.2M
FY2025▼ -52%
Expenses
$9.0M
FY2025▼ -54%
Total assets
$15.5M
FY2025-0.1%
Total liabilities
$3.7M
FY2025▼ -10%
Total revenue
$9.2M
Pt VIII · Ln 12
Total expenses
$9.0M
Pt IX · Ln 25
Net assets
$11.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$191K
Total assetsPt X · Ln 16$15.5M
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 317
Independent voting membersPt I · Ln 413

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLifespan Incorporated
EINHdr · item D56-1142969
Principal addressHdr · item CCharlotte, NC
WebsiteHdr · item Jwww.lifespanservices.org
Year of formationHdr · item L1973
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFOct 1977

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a17
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President/Ce
$177,138Pt VII · Sec A
Treasurer/Cf
$120,965Pt VII · Sec A
Vice Preside
$119,048Pt VII · Sec A
Secretary/Ch
$116,258Pt VII · Sec A
$113,291Pt VII · Sec A
$96,773Pt VII · Sec A
$89,874Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2025FY2024FY2024FY2023FY2022FY2021
Kenneth Fuquay$177,138$171,474$166,207$158,021$163,586$145,699
Robert Gondos$120,965$45,056
Christopher White$119,048$119,157$119,708$120,230$114,468$104,423
Barbara Wilson$116,258$116,605$117,453$119,437$110,227$99,349
Robin Devore$113,291$114,983$112,285$114,107$108,047
Donella Brown$111,452$105,485$95,750
Whitney Reese$89,874$89,915$104,786
Sara Trexler$96,773$90,901$1,788

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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Mission & Programs · Part III

Where the work happens

3 program services account for $7.7M of program spending, described in the organization's own filed words · FY2025.
01

Employment and Enrichment

Lifespan provides employment services through the north carolina division of vocational rehabilitation, serving individuals across western and central north carolina. Commissioned by both the division of vocational rehabilitation services and managed care organizations, lifespan supports individuals who want to work in securing and…

$4.8Mprogram expense
02

Residential Services

Lifespan offers long-term residential services through four icf-iid group homes in mecklenburg county and one innovations group home located in andrews, NC. Individuals live in accessible, family- like environments staffed 24/7, where they share daily life while remaining active members of their local communities.

$1.6Mprogram expense
03

Education

Lifespan early learning centers are inclusive early learning centers serving children with and without disabilities from six weeks of age through the start of kindergarten. The centers are designed to support children of all abilities in a nurturing, developmentally appropriate, and inclusive learning environment.

$1.4Mprogram expense

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Statement of Revenue

Part VIII
Program service revenue$8.1M · 89%
Contributions & grants$603K · 7%
Investment income$374K · 4%
Other revenue$73K · 1%
Program service revenue89%$8.1M
Contributions & grants7%$603K
Investment income4%$374K
Other revenue1%$73K
— government grantsLn 1e$78K
Total revenueLn 12$9.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.12 Fundraising $0.02
Program services86%$7.7M
Management & general12%$1.0M
Fundraising2%$183K
Total functional expensesLn 25$9.0M

Balance Sheet

Part X · end of year
CashLn 1$2.9M
Total assetsLn 16$15.5M
Total liabilitiesLn 26$3.7M
Total net assetsLn 32$11.7M
Months of cash on handcomputed3.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $6.3M · Operating expenses/yr $9.0M
8.5 months
Where the money goes
Program services
Program services $7.7M · Total expenses $9.0M
86%
Management & General
Management & general $1.0M · Total expenses $9.0M
12%
Fundraising
Fundraising $183K · Total expenses $9.0M
2%
Cost to raise $1
Fundraising expense (3-yr avg) $322K · Solicited contributions (3-yr avg) $453K
$0.71 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $603K · Total revenue $9.2M
7%
Government reliance
Government grants $78K · Total revenue $9.2M
0.9%
Earned-income share
Program service revenue $8.1M · Total revenue $9.2M
89%
Investment reliance
Investment income $374K · Total revenue $9.2M
+4%
Program self-sufficiency
Program service revenue $8.1M · Total expenses $9.0M
90%
Growth & trend
Revenue growth (YoY)
This year $9.2M · Prior year $19.0M
-52%
Revenue CAGR
FY2019 $20.1M · FY2025 $9.2M
-12%
Net-asset trend (YoY)
End of year $11.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $9.2M · Expenses $9.0M
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $15.5M
Net-asset ratio
Net assets $11.7M · Total assets $15.5M
76%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $3.4M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $15.5M
22%
People & payroll
Highest Reported Total Compensation
Individual Kenneth Fuquay · Reported title PRESIDENT/CE · Highest reported compensation $177K · Total expenses $9.0M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $6.7M · Total expenses $9.0M
75%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 12%
Fundraising cost ratio 30%
Revenue growth -52%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$9.2M revenue · viewing · ⤓ 990 PDF
FY2024$20.5M revenue · ⤓ 990 PDF
FY2023$19.3M revenue · ⤓ 990 PDF
FY2022$19.4M revenue · ⤓ 990 PDF
FY2021$20.5M revenue · ⤓ 990 PDF
FY2020$20.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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