2012-08-14T13:03:53-07:00 2011-09-30 KPMG LLP 2 Financial Center 60 South Street Boston MA 02111 990 2010-10-01 222535533 Newport Hospital Foundation NEWP 4018466400 11 Friendship Street Newport RI 02840 Mary A Wakefield 2012-08-14 2010 2016-02-24 21:20:13Z August B Cordeiro 11 Friendship Street Newport RI 02840 64080204 false false X none X 1983 RI Newport Hospital Foundation coordinates the fundraising for integrated health care services for the advancement and well-being of the community in furtherance of the purpose of Newport Health Care Corporation. 16 14 0 50 0 3372803 4661332 0 6769702 4397868 -113951 -61396 10028554 8997804 7885769 0 0 0 584347 1045999 1016987 1045999 8902756 8982555 95048 140206172 139826614 126866 109234 140079306 139717380 Newport Hospital Foundation coordinates the fundraising for integrated health care services for the advancement and well-being of the community in furtherance of the purpose of Newport Health Care Corporation. See Schedule O false false 3996000 3996000 In fiscal year 2011, the Foundation transferred $3,996,000 to Newport Hospital to fund debt service payments and major capital expenditures. 3767769 3767769 Through the development and administration of philanthropic activities, the Foundation is able to transfer funds raised to Newport Hospital to support its operating activities which in turn benefit the southern Rhode Island community. Through one of its major philanthropic programs, the Foundation transferred $3,003,000 in support of the promotion of athletic activity and wellness among youth and families of Newport County. 122000 122000 Newport Hospital Foundation (the Foundation) supports, encourages, and coordinates the development of comprehensive, integrated health care services for the advancement and well-being of the community through fundraising in furtherance of the purpose of Newport Health Care Corporation. The Foundation manages the fundraising activities of Newport Health Care Corporation and Affiliates. 7885769 true true false false false false false false false true false true false true true false false true false false false false false false true false false true false true false false false false false false false false false false false true false false false false true false false false false true 7 0 true 0 false false false false false false false false false true true false 0 false false false false false false false false false false false X 16 14 true false false false true true true true true false false false true true true true true true true true false false X Mary A Wakefield 4014447093 167 Point Street Providence RI 02903 X Suzette D Schochet 6.00 X X 0 0 0 Stephen P Massed 8.00 X X 0 0 0 Rita B Gewirz 2.50 X 0 0 0 Peter M DiBari 1.50 X 0 0 0 Mary A Wakefield 1.00 X 0 726687 103289 Mark T Cummings 9.00 X 0 392595 69580 M Lynne Francis 2.00 X 0 0 0 Louis A Fazzano 2.00 X 0 0 0 Leonard C Taddei DMD 4.00 X 0 0 0 Kathleen H Ross 4.00 X 0 0 0 John H Ellis 2.00 X 0 0 0 James A Purviance 3.00 X 0 0 0 David S Gordon 3.00 X 0 0 0 David G Bazarsky Esq 2.00 X 0 0 0 Christopher J Luttman MD 1.00 X 0 0 0 Christine A Gill MD 1.50 X X 0 0 0 Charles L Stengel MD 2.00 X 0 0 0 Bruce G Tucker 3.00 X 0 0 0 August B Cordeiro 3.00 X X 0 374488 73367 Arthur J Sampson 0.00 X 0 501738 88638 Alan R Feinberg DMD 2.00 X 0 0 0 1995508 334874 0 true true false 0 436463 4224869 38049 4661332 0 2133514 2133514 0 0 0 57204858 54940504 2264354 2264354 2264354 80500 436463 141896 -61396 -61396 0 0 0 8997804 4336472 7885769 7885769 0 0 0 0 0 0 0 0 0 0 0 0 0 0 424936 424936 0 0 0 0 0 25434 25434 0 0 0 0 0 0 0 Svcs purchased from Lifespan 558913 558913 Administrative expenses 7704 7704 0 8902756 7885769 432640 584347 0 201464 256363 382487 693988 0 0 0 0 0 0 31764 31764 0 86057077 84105999 44404241 47319769 0 0 9160903 7450495 140206172 139826614 63676 66990 63190 42244 126866 109234 X 138870712 138206908 1208594 947184 563288 140079306 139717380 140206172 139826614 X 95048 -456974 X false true true X false false X 1280614 929018 3448403 4725643 10383678 0 0 1280614 929018 3448403 4725643 10383678 0 10383678 5990773 1348955 6382259 1607025 15329012 0 0 25712690 0.40380 0.29200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 138622220 4315355 3576725 7885769 752268 137876263 126821717 3448403 12786767 3555886 878781 138622220 128945445 1220035 -1295587 1132749 915427 126821717 0.99000 0.01000 false false false 31764 31764 47319769 Investment in NHCC Medical Associates 1000000 Cash & Short Term Investments 6450495 7450495 Intercompany payable 42244 42244 Part V, Line 4 Part V, Line 4: Intended uses of the endowment fund. The Newport Hospital Foundation's (the Foundation's) endowment funds were established for a variety of purposes, including both funds designated by the Foundation to function as endowments and donor-restricted term endowment funds.The Foundation's endowment funds are intended to support health care as well as encourage and support development of comprehensive integrated health services through fund management and philanthropy, for the advancement and well-being of the community in furtherance of the purpose of the Newport Health Care Corporation.The largest board-designated endowment held by the Foundation is used to support the facilities and operations of Newport Hospital. false Gala 516963 436463 80500 4088 44892 2700 90216 516963 436463 80500 4088 44892 2700 90216 141896 -61396 true Newport Hospital 11 Friendship Street Newport RI 02840 050258914 501(c)(3) 7763769 0 Philanthropy Newport Health Care Co 11 Friendship Street Newport RI 02840 222535537 501(c)(3) 122000 0 Community healthcare services 2 0 Grantmaker's Description of How Grants are Used Newport Hospital Foundation provides grants to affiliated healthcare entities. A documented request for grant funding is required, outlining the program mission, vision and desired outcomes. The use of funds is monitored by Foundation management to ensure that the funds are utilized for intended purposes. Financial and third party verification is reviewed depending on purpose and outcome. X X true true X X X X X false true false false false false false true false false Mary A Wakefield 495892 132000 98795 88238 15051 829976 66367 Mark T Cummings 269607 63000 59988 51542 18038 462175 39594 August B Cordeiro 262761 68000 43727 54584 18783 447855 23293 Arthur J Sampson 347763 84000 69975 72974 15664 590376 45014 Sch J, Part I, Line 7 Part I, Line 7: Non-Fixed payments not listed above The 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. Sch J, Part I, Line 1a Part I, Line 1a: Relevant information in regards to selections on 1a. Tax 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).Social Club Dues:The job responsibilities of certain executives include development of relationships with business leaders and donors. Those relationships are facilitated by the ability to meet in private sessions during which focused business discussions take place. The Hope and University Clubs, which require individual memberships, are places in Providence where businessmen and women, civic, community and social leaders can gather in a business-like atmosphere. The cost of membership is considered by Lifespan to be reasonable and necessary and thus a qualified business expense not taxable to the employee. IRS regulations regarding documentation requirements are followed for any payments made for meetings held at the respective club, including the business purpose and nature of the business benefit derived; the nature of the business discussion or activity; and the identity and business relationship of attendees. X 2 20612 X 1 17437 false true false Form 990, Section B, Line 15a and b cont *Selecting and engaging qualified, independent, third party compensation valuation consultants that the Committee charges with rendering opinions with respect to the reasonableness and comparability of compensation as well as the comparative organizations against which compensation is assessed, in accordance with relevant sections of the IRC and Lifespan's executive compensation philosophy. The independent consultants are not engaged by management to perform any services for Lifespan without prior approval by the Committee.Lifespan's Chief Executive Officer works closely with the Committee to make recommendations on the above topics and keep the Committee informed about contemplated compensation changes for executives and other key employees, as well as candidates for these roles. The CEO also provides periodic updates to the Committee regarding Lifespan's performance relative to compensation-related performance objectives. The Committee's deliberations and actions are documented in minutes prepared for each meeting.PROCESS FOR DETERMINING COMPENSATION Valuation of Total Cash and Total Remuneration: No less frequently than annually, the Committee receives and reviews a total cash compensation valuation of all existing executive compensation program participants prepared by its independent compensation consultant. Annually, the Committee also receives and reviews a total remuneration valuation of all existing executive compensation participants. Base Salary Actions: The CEO recommends any salary adjustments for participants in the executive compensation program, using the results of the valuation study and his/her assessment of individual performance or other pertinent information, for the Committee's consideration.New Participants in Executive Compensation Program: With respect to compensation offers for individuals expected to participate in the executive compensation program, the office of the Senior Vice President of Human Resources works with the Committee's independent compensation consultant or relies on information previously provided by the consultant to establish a range of reasonable cash compensation within which recruitment is expected to conclude through acceptance of a reasonable compensation offer. Form 990, Part XII - Line 2 While the organization did not produce an audited financial statement as of and for the year ended September 30, 2011, it was included in NHCC and Affiliates' audited consolidated financial statements, in which one column is used for the organization individually. The NHCC and Affiliates audited consolidated financial statements are included in the Lifespan audited consolidated financial statements. There are no regulatory or creditor stipulations which require the preparation of a separate audited financial statement for Newport Hospital Foundation.The Lifespan Audit and Compliance Committee assumes responsibility for oversight of the audit of Lifespan Corporation's consolidated financial statements and the selection of Lifespan Corporation's independent accountant. Form 990, Part VI, Section B, Line 15a and b The following applies to Lifespan and all of its affiliates, including Newport Hospital Foundation:EXECUTIVE COMPENSATIONLifespan's executive compensation philosophy balances appropriate stewardship of resources and the need to be competitive in recruiting and retaining talented individuals. It incorporates market-competitive and performance-related principles, and covers the President and CEO of Lifespan as well as other officers, senior management and key employees. Lifespan's executive compensation program complies both with law and with contemporary ethical norms, and is administered consistent with the organization's tax-exempt status under Section 501(c)(3) of the Internal Revenue Code (IRC) and the avoidance of transactions subject to intermediate sanctions under Section 4958 of the IRC. Executive compensation is also administered consistent with Lifespan's Corporate Compliance Policy on Excess Benefit Transactions.The Compensation Committee of the Lifespan Corporation Board of Directors (the Committee), comprised of disinterested Lifespan and affiliate Board members, is responsible for diligent oversight of executive compensation to ensure compliance with IRC requirements. Its duties include:* Approving eligibility for participation in the executive compensation program * Approving changes in compensation for existing executive participants * Approving guidelines, such as salary ranges and contract terms, on appropriate levels of compensation for other key employees* Approving new, and modifying or terminating existing, executive compensation plans including, but not limited to, annual and long-term incentive and executive benefit plans* Approving performance objectives associated with Lifespan's annual and long-term incentive plans, including measuring points, and using audited actual performance relative to these objectives as a precondition to approving the payment of any awards under the plan(s)* Authorizing periodic performance benchmark studies to be conducted for purposes of assessing Lifespan's performance within the healthcare industry and the degree to which total remuneration levels at Lifespan are generally commensurate with Lifespan performance relative to healthcare industry performance* Conducting an annual performance review of Lifespan's Chief Executive Officer. The Chair of the Committee conducts and documents this review, based on his/her observations and interpretation of feedback from members of the Board of Directors. Form 990, Part VI, Section B, Line 12c Lifespan Corporation has a Conflict of Interest Policy that is applicable to all affiliates, including Newport Hospital Foundation, and administered by Lifespan's Corporate Compliance Department as follows:Each designated person subject to Lifespan's conflict of interest policy is required to provide Lifespan with an initial disclosure statement and thereafter an annual statement attesting that (i) the designated person has read and is familiar with this policy, and (ii) the designated person and, to the best of his/her knowledge, family members, have not in the past engaged in, are not presently engaging in, or plan to engage in, any activity which contravenes this policy.If, at any time during the course of employment or association, a designated person has reason to believe that an existing or contemplated activity may contravene this policy, the person shall submit a full written description of the activity to the Lifespan Compliance Officer or the Office of the General Counsel to seek a determination as to whether the contemplated activity does or does not contravene this policy. (For the bulk of Lifespan management staff awareness of this requirement shall be acknowledged as part of the annual performance evaluation process.) If the activity in question involves either the Chief Executive Officer, the Senior Vice President and General Counsel, or a Trustee, a full written disclosure must be made to, and a determination sought from, the Chairman of the Board of Directors of Lifespan Corporation.Annually, the Lifespan Compliance Officer shall review and report to the Lifespan Executive Corporate Compliance Committee and to the Lifespan Audit and Compliance Committee on the administration of this policy.Failure on the part of any designated person to comply with this policy, including failure to submit in a timely fashion the conflict of interest disclosure statement, will be grounds for removal from his/her position and/or termination of his/her employment with Lifespan. Form 990, Part III, Line 1, Organization's Mission Newport Hospital Foundation (the Foundation) supports, encourages, and coordinates the development of comprehensive, integrated health care services for the advancement and well-being of the community through fundraising in furtherance of the purpose of Newport Health Care Corporation. The Foundation manages the fundraising activities of Newport Health Care Corporation and Affiliates. Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Lifespan, as well as NHCC and Affiliates (NHCC), currently make their annual and quarterly consolidated financial statements available to the public via DAC (Digital Assurance Certification LLC), a disclosure dissemination agent for issuers of the tax-exempt bonds which electronically posts and transmits Lifespan's and NHCC's financial information to repositories and investors alike. Newport Hospital Foundation is included in the audited consolidated financial statements of NHCC and Affiliates. In addition, copies of Newport Hospital Foundation's Articles of Incorporation, Bylaws, and Conflict of Interest Policy are available upon request from the office of the Lifespan Chief Financial Officer, either in person or by mail. Form 990, Part VI, Line 11 Form 990, Part VI, Line 11: Form 990 Review Process The preparation and filing of the Form 990 and supporting schedules is the responsibility of the Chief Financial Officer and Lifespan's Finance Department, with review by Lifespan's tax advisors, KPMG LLP. The Form 990 is prepared by the accounting staff upon completion of Lifespan's annual independent audit for initial review by the Director of Finance and the Vice President of Finance - Corporate Services. Once the draft Form 990 is complete, the Director of Finance forwards it with all supporting worksheets to KPMG, which then reviews the completed form in detail. The Director of Finance answers questions as they arise and provides additional information as needed. Any recommended changes are incorporated into the return. The draft Form 990 is then provided to the Chief Financial Officer for final management review. Prior to filing the return with the Internal Revenue Service, a copy of the entire form is sent to the Affiliate's Board of Trustees in advance of its next Board meeting, at which the Chief Financial Officer discusses the highlights of the Form. All questions and concerns of the members of the Board are addressed by the Chief Financial Officer and incorporated into the Form 990 as appropriate. The Chief Financial Officer is authorized to file the Form 990. Form 990, Part VI, Line 7a Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body The bylaws of Newport Hospital Foundation (the Affiliate), including the bylaws of NHCC, confer certain reserved powers on Lifespan to provide it with the means of effective oversight, coordination and support of the system. Powers reserved to Lifespan include: to elect and remove trustees and to approve the election of and to remove certain officers. At each annual meeting of the Affiliate Board of Trustees, a list is compiled of the names of those persons selected to serve as Trustees of the Affiliate so that it can be approved and submitted to Lifespan for ratification and election. Form 990, Part VI, Line 6 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder Lifespan Corporation is the sole corporate member of Newport Health Care Corporation ("NHCC") which in turn is the sole corporate member of Newport Hospital Foundation. Form 990, Part VI, Line 2 Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et Mary A. Wakefield is an officer of Lifespan Corporation. The following officer, former officer and key employee, respectively, of Newport Hospital Foundation are employed by Lifespan: August B. Cordeiro, Arthur J. Sampson and Mark T. Cummings. RI Sound Enterprises Insurance Co Ltd 65 Front Street Hamilton BD HM 12 Offshore Insurance Captive BD NA false RIH Ventures 593 Eddy Street Providence RI 02903 050448686 Parking Facilities/ Phlebotomy Services RI 501(c)(3) 11 NA false The Miriam Hospital Foundation 167 Point Street Providence RI 02903 050377502 Philanthropic Activities RI 501(c)(3) 7 NA false The Miriam Hospital 164 Summit Avenue Providence RI 02906 050258905 Health Care Services RI 501(c)(3) 3 NA false Rhode Island Hospital Foundation 167 Point Street Providence RI 02903 050468736 Philanthropic Activities RI 501(c)(3) 7 NA false Rhode Island Hospital 593 Eddy Street Providence RI 02903 050258954 Health Care Services RI 501(c)(3) 3 NA false NHCC Medical Associates 11 Friendship Street Newport RI 02840 050472268 Health Care Services RI 501(c)(3) 11 NA false Newport Hospital 11 Friendship Street Newport RI 02840 050258914 Health Care Services RI 501(c)(3) 3 NA false Newport Health Property Management Inc 11 Friendship Street Newport RI 02840 222335539 Property Management RI 501(c)(3) 11 NA false Newport Health Care Corporation 11 Friendship Street Newport RI 02840 222535537 Holding Company/ Mgmnt Services RI 501(c)(3) 7 NA false Lifespan of Massachusetts Inc c/o Archstone Law 245 Winter St Waltham MA 02451 043408517 Holding Company RI 501(c)(3) 11 NA false Lifespan Foundation 167 Point Street Providence RI 02903 050493219 Philanthropic Activities RI 501(c)(3) 7 NA false Lifespan Diversified Services 167 Point Street Providence RI 02903 050258935 Holding Company/ Mgmnt Services RI 501(c)(3) 11 NA false Lifespan Corporation 167 Point Street Providence RI 02903 222861978 Holding Company/ Mgmnt Services RI 501(c)(3) 11 NA false Hospital Properties Inc 593 Eddy Street Providence RI 02903 222869743 Property Management RI 501(c)(4) NA false Emma Pendleton Bradley Hospital 1011 Veterans Memorial Parkway East Providence RI 02915 050258806 Pediatric Psychiatric Health Care Services RI 501(c)(3) 3 NA false Bradley Hospital Foundation 167 Point Street Providence RI 02903 050500688 Philanthropic Activities RI 501(c)(3) 7 NA false VNA Technicare Inc 622 George Washington Highway Lincoln RI 02865 050472710 DME Sales RI NA C corp Lifespan Risk Services Inc 167 Point Street Providence RI 02903 050459767 Risk Mgmnt RI NA C corp Lifespan MSO Inc 167 Point Street Providence RI 02903 050508717 Mgmnt Services RI NA C corp false false false true false false false false false true true false false true true false true false