Civic Intelligence

Rih Ventures DBA Lifespan Laboratories

990 • Fiscal year 2013 • EIN 05-0448686

Oct 01, 2012 to Sep 30, 2013 • Filed on Aug 15, 2014

593 Eddy StreetProvidence, RI 02903
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

17th percentile

0.01x

Higher debt load relative to assets than 17% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Liabilities / Revenue

14th percentile

0.02x

Higher debt load relative to revenue than 14% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Net Margin

38th percentile

0.0%

Higher net margin than 38% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

37th percentile

-0.4%

Faster asset growth than 37% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Down

$8,898,083

Down $38,645 (-0.4%) from 2012

Net Assets

Flat

$8,788,780

Flat from 2012

Liabilities

Down

$109,303

Down $38,645 (-26%) from 2012

Revenue

$5,940,042

No earlier filing loaded for comparison.

Expenses

Up

$5,940,042

Up $532,407 (+9.8%) from 2012

Net Income

$0

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2010: $8,931,686Liabilities 2010: $142,906Net Assets 2010: $8,788,7802010Assets 2011: $8,904,899Liabilities 2011: $116,119Net Assets 2011: $8,788,7802011Assets 2012: $8,936,728Liabilities 2012: $147,948Net Assets 2012: $8,788,7802012Assets 2013: $8,898,083Liabilities 2013: $109,303Net Assets 2013: $8,788,7802013Assets 2014: $8,911,931Liabilities 2014: $123,151Net Assets 2014: $8,788,7802014Assets 2015: $8,928,675Liabilities 2015: $139,895Net Assets 2015: $8,788,7802015Assets 2016: $8,916,124Liabilities 2016: $127,344Net Assets 2016: $8,788,7802016Assets 2017: $8,873,250Liabilities 2017: $84,470Net Assets 2017: $8,788,7802017Assets 2018: $9,143,696Liabilities 2018: $354,916Net Assets 2018: $8,788,7802018Assets 2019: $8,995,676Liabilities 2019: $206,896Net Assets 2019: $8,788,7802019Assets 2020: $8,960,372Liabilities 2020: $171,592Net Assets 2020: $8,788,7802020Assets 2021: $3,760,702Liabilities 2021: $308,527Net Assets 2021: $3,452,1752021Assets 2022: $3,324,291Liabilities 2022: $340,791Net Assets 2022: $2,983,5002022Assets 2023: $3,475,518Liabilities 2023: $318,321Net Assets 2023: $3,157,1972023Assets 2024: $3,602,696Liabilities 2024: $151,321Net Assets 2024: $3,451,3752024

Highlighted filing

2013

Assets$8,898,083
Liabilities$109,303
Net Assets$8,788,780

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0Expenses 2010: $4,718,9572010Expenses 2011: $5,194,5122011Expenses 2012: $5,407,6352012Revenue 2013: $5,940,042Expenses 2013: $5,940,042Net Income 2013: $02013Revenue 2014: $6,561,087Expenses 2014: $6,561,087Net Income 2014: $02014Revenue 2015: $7,291,142Expenses 2015: $7,291,142Net Income 2015: $02015Revenue 2016: $8,003,087Expenses 2016: $8,003,087Net Income 2016: $02016Revenue 2017: $8,606,974Expenses 2017: $8,606,974Net Income 2017: $02017Revenue 2018: $8,292,364Expenses 2018: $8,292,364Net Income 2018: $02018Revenue 2019: $8,776,759Expenses 2019: $8,776,759Net Income 2019: $02019Revenue 2020: $8,182,259Expenses 2020: $8,182,259Net Income 2020: $02020Revenue 2021: $7,923,019Expenses 2021: $7,923,019Net Income 2021: $02021Revenue 2022: $7,978,363Expenses 2022: $7,978,363Net Income 2022: $02022Revenue 2023: $8,950,047Expenses 2023: $8,950,047Net Income 2023: $02023Revenue 2024: $9,798,533Expenses 2024: $9,613,088Net Income 2024: $185,4452024

Highlighted filing

2013

Revenue$5,940,042
Expenses$5,940,042
Net Income$0
Jump To
Filing Snapshot
Filing Period
Oct 1, 2012 to Sep 30, 2013
Signed
Aug 15, 2014
Return Version
2012v2.0
Gross Receipts
$5,940,042
Mission and Program Overview

Mission

To promote the charitable, scientific, and educational purposes of Lifespan Corporation and each of the corporations and other entities that may be directly or indirectly affiliated with Lifespan Corporation.

Major Activities

Activity 2
RIH Ventures provides safe, secure, and conveniently located parking facilities to Rhode Island Hospital's patients and visitors. The 60-acre Hospital campus accommodates more than 10,000 vehicles every day, providing convenient access to all buildings. Parking is free for all inpatients discharged, as well as all emergency room patients, handicapped patients with state-issued placards, and all patients who receive medical treatment covered by RIte Care and Medicaid. In addition, valet parking and shuttle service are available to qualifying patients without charge in designated areas of the RIH campus. The parking program of RIH Ventures supports RIH's mission by providing convenient access to health services for people in the community, as well as facilitating access to various RIH facilities for residents, interns, fellows, and researchers who train on the campus. (See Schedule O)
Filing and Contact Details

Filer

EIN
05-0448686
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0RIH Ventures (RIHV), as a not-for-profit corporation, is recognized under Section 501(c)(3) of the Internal Revenue Code and is exempt from Federal income taxes. RIHV recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. Recognized income tax positions are measured at the largest amount of benefit that is greater than fifty percent likely to be realized upon settlement. Changes in measurement are reflected in the period in which the change in judgment occurs. RIHV did not recognize the effect of any income tax positions during the fiscal year ended September 30, 2013.
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IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation0The 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 Corporation 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.
IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation1Tax 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).
IRS990ScheduleJ/Form990ScheduleJPartIII/Identifier0Sch J, Part I, Line 7
IRS990ScheduleJ/Form990ScheduleJPartIII/Identifier1Sch J, Part I, Line 1a
IRS990ScheduleJ/Form990ScheduleJPartIII/ReturnReference0Part I, Line 7: Non-Fixed payments not listed above
IRS990ScheduleJ/Form990ScheduleJPartIII/ReturnReference1Part I, Line 1a: Relevant information in regards to selections on 1a.
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson0Thomas Magliocchetti
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson1Mary A Wakefield
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson2Kenneth E Arnold
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson3Frederick J Macri
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson4Arthur J Sampson
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs020210
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs116448
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs217106
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs317812
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs416560
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs025400
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs191565
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs22957760
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs381023
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs469927
IRS990ScheduleJ/Form990ScheduleJPartII/Title0Vice President
IRS990ScheduleJ/Form990ScheduleJPartII/Title1Treasurer
IRS990ScheduleJ/Form990ScheduleJPartII/Title2Secretary
IRS990ScheduleJ/Form990ScheduleJPartII/Title3President
IRS990ScheduleJ/Form990ScheduleJPartII/Title4Trustee
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs0291136
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs11096005
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs23584073
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs3817942
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs4636827
IRS990ScheduleJ/IdemnificationGrossUpPayments0X
IRS990ScheduleJ/IndependentConsultant0X
IRS990ScheduleJ/InitialContractException0false
IRS990ScheduleJ/RebuttablePresumptionProcedure0false
IRS990/ScheduleJRequired0true
IRS990ScheduleJ/SeverancePayment0false

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.60$0.15$3.45$9.80$9.61$0.19
2023Detailed filing. Detailed filing data is available for this year.$3.48$0.32$3.16$8.95$8.95$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.32$0.34$2.98$7.98$7.98$0.00
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.76$0.31$3.45$7.92$7.92$0.00
2020Detailed filing. Detailed filing data is available for this year.$8.96$0.17$8.79$8.18$8.18$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.00$0.21$8.79$8.78$8.78$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.14$0.35$8.79$8.29$8.29$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.87$0.08$8.79$8.61$8.61$0.00
2016Detailed filing. Detailed filing data is available for this year.$8.92$0.13$8.79$8.00$8.00$0.00
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.93$0.14$8.79$7.29$7.29$0.00
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$8.91$0.12$8.79$6.56$6.56$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.90$0.11$8.79$5.94$5.94$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.94$0.15$8.79$5.41
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.90$0.12$8.79$5.19
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.93$0.14$8.79$4.72