Harvard Pilgrim Health Care Of New England Inc is located in Canton, MA. The organization was established in 1979. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harvard Pilgrim Health Care Of New England Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Harvard Pilgrim Health Care Of New England Inc generated $551.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $584.0m during the year ending 12/2021. While expenses have increased by 6.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO IMPROVE THE QUALITY AND VALUE OF HEALTH CARE FOR THE PEOPLE AND COMMUNITIES WE SERVE. AT 12/31/21, HPHC OF NEW ENGLAND, INC. HAD 72,082 FULLY INSURED MEMBERS. DURING 2021 AMBULATORY ENCOUNTERS WERE 664,865 AND HOSPITAL DAYS INCURRED WERE 22,180.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michael Carson President (end 10/1) | OfficerTrustee | 2.5 | $0 |
Umesh Kurpad CFO (start 7/5) | OfficerTrustee | 2.5 | $0 |
Cain Hayes Ceo(start7/5),&pres(start10/1) | OfficerTrustee | 2.5 | $0 |
Tisa Hughes Clerk/secr; Chief Legal Office | OfficerTrustee | 2.5 | $0 |
Charles Goheen CFO Through 1/4/2021 | OfficerTrustee | 6 | $0 |
Roland Price Treasurer (start 1/1) | Officer | 2.5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $548,893,352 |
Investment income | $2,863,189 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $2,309 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $551,758,850 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $500,008,820 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $584,000,368 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $12,534,218 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $37,426,768 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $117,815,870 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $571,468 |
Total assets | $168,348,324 |
Accounts payable and accrued expenses | $56,033,810 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $49,508,635 |
Total liabilities | $105,542,445 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $55,000,000 |
Retained earnings, endowment, accumulated income, or other funds | $7,805,879 |
Total liabilities and net assets/fund balances | $168,348,324 |
Over the last fiscal year, we have identified 1 grants that Harvard Pilgrim Health Care Of New England Inc has recieved totaling $14,652.
Awarding Organization | Amount |
---|---|
American Diabetes Association Arlington, VA PURPOSE: Innovative Clinical or Translational Science | $14,652 |