Overview
What is Emblemhealth Inc?
Emblemhealth Inc, a New York-based not-for-profit organization, supports the tax-exempt healthcare mission of its affiliated entity, Health Insurance Plan of Greater New York (HIPNY). This nonprofit corporation, along with its subsidiaries, plays a crucial role in providing managed healthcare services to its members. Emblemhealth Inc functions as a holding company, funding the tax-exempt activities of HIPNY. Notably, Emblemhealth Inc no longer issues Form 1099S, as the individuals listed in its Form 990 Part VII are now paid by related organization, Health Insurance Plan of Greater New York, through its disregarded entity, Emblemhealth Services Company, LLC. This nonprofit organization's primary focus is on contributing to the betterment of healthcare services for its members.
Official website here: www.emblemhealth.com
Is Emblemhealth Inc legitimate?
Emblemhealth Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Emblemhealth Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,536,782
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.emblemhealth.com
What is the mission statement of Emblemhealth Inc?
Emblemhealth Inc, as a not-for-profit corporation, is primarily focused on supporting the healthcare mission of its associated organization, the Health Insurance Plan of Greater New York. This support encompasses providing managed healthcare services to its members. Emblemhealth Inc's activities are entirely dedicated to program service expenditures, serving the healthcare needs of its supported organization. It does not issue Form 1099S, but instead, the related organization handles this task through its disregarded entity, Emblemhealth Services Company LLC.
Official website here: www.emblemhealth.com
Who is the CEO of Emblemhealth Inc?
Karen Ignagni is the Chief Executive Officer of Emblemhealth Inc. The CEO's salary of Emblemhealth Inc is $0 and their total compensation is $5,114,256.
Official website here: www.emblemhealth.com
What is the revenue of Emblemhealth Inc?
Emblemhealth Inc's revenue in 2022 was $4,648,814.
Official website here: www.emblemhealth.com
Who are the executives of Emblemhealth Inc and what are their salaries?
Here are 18 key members and their salaries (Emblemhealth Inc's CEO's salary is $0 and their total compensation is $5,114,256):
- Compensation: $0
- Related: $5,045,764
- Other: $68,492
- Compensation: $0
- Related: $161,125
- Other: $0
- Compensation: $0
- Related: $149,625
- Other: $0
- Compensation: $0
- Related: $142,391
- Other: $18,989
- Compensation: $0
- Related: $128,000
- Other: $4,877
- Compensation: $0
- Related: $129,500
- Other: $0
- Compensation: $0
- Related: $131,500
- Other: $0
- Compensation: $0
- Related: $146,994
- Other: $0
- Compensation: $0
- Related: $126,795
- Other: $0
- Compensation: $0
- Related: $101,375
- Other: $0
- Compensation: $0
- Related: $118,375
- Other: $178
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $131,500
- Other: $0
- Compensation: $0
- Related: $109,250
- Other: $0
- Compensation: $0
- Related: $2,875,045
- Other: $458,092
- Compensation: $0
- Related: $2,046,857
- Other: $57,902
- Compensation: $0
- Related: $120,000
- Other: $0
- Compensation: $0
- Related: $60,000
- Other: $5,447
Official website here: www.emblemhealth.com
Where can I find the form 990 for Emblemhealth Inc?
Emblemhealth Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.emblemhealth.com
Learn more at the official website: www.emblemhealth.com
Mission Statement of Emblemhealth Inc
Emblemhealth Inc, a not-for-profit corporation incorporated in New York State, plays a significant role in supporting the healthcare mission of its subsidiary, Health Insurance Plan of Greater New York. Emblemhealth, along with its subsidiaries, dedicates its resources to providing managed healthcare services to its members. As a part of its tax-exempt mission, Emblemhealth incurs all expenses as program service expenditures, contributing to the healthcare activities of its supported organization.
In a change from the previous year, Emblemhealth Inc no longer issues Form 1099S. Instead, the individuals listed in the Form 990 Part VII were paid by a related organization, Health Insurance Plan of Greater New York, through its disregarded entity, Emblemhealth Services Company, LLC. Emblemhealth Services Company, LLC was responsible for issuing the Form 1099S to the individuals mentioned in the Form 990 Part VII. Emblemhealth Inc's mission is to support the healthcare activities of its subsidiary, ensuring access to managed healthcare services for its members.
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Impact
October, 2024
EmblemHealth Inc plays a significant role in enhancing the healthcare landscape in New York. By operating as a holding company, it supports the healthcare initiatives of its associated organization, the Health Insurance Plan of Greater New York. This collaboration is aimed at improving access to essential health services for a broad demographic, thereby fostering healthier communities.
Additionally, EmblemHealth focuses on providing managed care services, ensuring that members receive comprehensive healthcare coverage tailored to their needs. Its commitment to a tax-exempt mission underscores the emphasis on serving the community rather than generating profits, which allows for reallocation of resources towards patient care and health services.
Through its strategic operations, EmblemHealth not only contributes to economic stability within the local healthcare system but also enhances the quality and accessibility of healthcare for its members. Overall, the impact of EmblemHealth is reflected in the improved health outcomes of the populations it serves, reinforcing the importance of accessible and effective healthcare services.
This information is meant to be a general summary of Emblemhealth Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,998,350
- Program Service Revenue: $1,647,481
- Gross Receipts: $4,648,814
Assets and Liabilities:
- Total Assets: $590,236
- Total Liabilities: $0
- Net Assets: $590,236
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE SERVICES
Revenue
$1,647,481
Organization Details
Founding Year
1995
Phone
(646) 447-5000Principal Officer
Karen Ignagni
Main Address
55 WATER STREET TAX DEPT 9TH FL, NEW YORK, NY, 10041
Website
www.emblemhealth.comNTEE Category
Code: Y40 - Mutual benefit
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