Blue Cross Blue Shield Of Mass Fd Inc For Expanding Healthcare Acces
- Assets
- $90.4m
- Revenue
- $18.8m
- Investments
- $85.4m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 07/1992
- Data as of
- 12/2021
- EIN
- 04-3148824
Organization Overview
Blue Cross Blue Shield Of Mass Fd Inc For Expanding Healthcare Acces is located in Boston, MA. The organization was established in 1992. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blue Cross Blue Shield Of Mass Fd Inc For Expanding Healthcare Acces is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Blue Cross Blue Shield Of Mass Fd Inc For Expanding Healthcare Acces generated $18.8m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $7.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
THE MISSION (PURPOSE) OF THE BLUE CROSS AND BLUE SHIELD OF MASSACHUSETTS FOUNDATION INC. IS TO EXPAND ACCESS TO HEALTH CARE THROUGH GRANTS & POLICY INITIATIVES, THE FOUNDATION WORKS WITH PUBLIC AND PRIVATE ORGANIZATIONS TO BROADEN HEALTHCARE THROUGH GRANTS AND POLICY INITIATIVES. THE FOUNDATION WILL FOCUS ON DEVELOPING SOLUTIONS THAT BENEFIT UNINSURED, VULNERABLE AND LOW INCOME INDIVIDUALS AND FAMILIES IN THE COMMONWEALTH. THROUGH CATALYST GRANTS, THE FOUNDATION IS A RESOURCE FOR MINI GRANTS OF UP TO $5,000 TO ORGANIZATIONS SERVING THE HEALTH NEEDS OF LOW INCOME AND UNINSURED RESIDENTS OF MA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President & CEO | 0 | $0 | |
Name Not Listed Chair | 0 | $0 | |
Name Not Listed Vice Chair | 0 | $0 | |
Name Not Listed Treasurer | 0 | $0 | |
Name Not Listed Director | 0 | $0 | |
Name Not Listed Director | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Manatt Phelps & Phillips Llp | 12/30/22 | $430,000 |
University Of Massachusetts Medical Scho | 12/30/22 | $235,176 |
Tye Lawrence S | 12/30/22 | $144,229 |
Emvision Llc | 12/30/22 | $107,480 |
Center For Health Care Strategies Inc | 12/30/22 | $85,000 |
Manatt Phelps & Phillips Llp | 12/30/22 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,142,025 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,088,014 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,554,367 |
| Capital Gain Net Income | $12,554,367 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,784,406 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $101,328 |
| Depreciation | $0 |
| Occupancy | $114,761 |
| Travel, conferences, and meetings | $100,752 |
| Printing and publications | $1,269 |
| Other expenses | $3,440,212 |
| Total operating and administrative expenses | $3,758,322 |
| Contributions, gifts, grants paid | $3,681,987 |
| Total expenses and disbursements | $7,440,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,801,383 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $32,355 |
| Net Pledges Receivable | $0 |
| Grants receivable | $160,052 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $85,433,358 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $90,427,148 |
| Accounts payable and accrued expenses | $139,772 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,003,583 |
| Total liabilities | $1,143,355 |