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Blue Cross Blue Shield Of Michigan Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 382338506 ✦ Detroit, MI ✦ Designated as a 501(c)(3)

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Overview

What is Blue Cross Blue Shield Of Michigan Foundation?

Blue Cross Blue Shield of Michigan Foundation is a nonprofit organization committed to enhancing the health of Michigan residents. They achieve this by funding healthcare and innovative programs, focusing on improving access, quality, and community health. The foundation collaborates with health professionals and community leaders to develop population-led, community-inspired programs or implement evidence-based solutions to address identified needs. In 2022, they partnered with 30 organizations to support initiatives addressing issues like maternal health equity, mental health, community connections, and opioid settlement investments. Their mission is to foster socially responsible and innovative solutions to critical health issues in Michigan, emphasizing quality performance, honesty, collaboration, and resource efficiency. The team is dedicated to discovering new ways to support community innovation and ensure Michiganders enjoy improved physical and behavioral health.


Official website here: www.bcbsm.com/foundation

Is Blue Cross Blue Shield Of Michigan Foundation legitimate?

Blue Cross Blue Shield Of Michigan Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Blue Cross Blue Shield Of Michigan Foundation 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: $1,416,185
Professional Fundraising Fees: $0
Other Salaries and Wages: -$17,952

For more financial information, click here


Official website here: www.bcbsm.com/foundation

What is the mission statement of Blue Cross Blue Shield Of Michigan Foundation?

The Blue Cross Blue Shield of Michigan Foundation's mission is centered around supporting healthcare research and innovative programs aimed at improving the health of Michigan residents. Their vision is for the population to enjoy improved health and access to high-quality, high-value care. The foundation is committed to fostering the development of socially responsible and innovative solutions to health issues affecting Michigan residents. They value qualities such as quality performance, honesty, integrity, collaboration, and teamwork. The foundation is also dedicated to effective and efficient use of resources, excellence in programs, grants, and communications, and advancing health equity and eliminating healthcare disparities. The team at Blue Cross Blue Shield of Michigan Foundation is continually seeking new ways to support community innovation, ensuring Michigan residents can enjoy both physical and behavioral health.


Official website here: www.bcbsm.com/foundation

Who is the CEO of Blue Cross Blue Shield Of Michigan Foundation?

Unavailable The CEO's salary of Blue Cross Blue Shield Of Michigan Foundation is $0 and their total compensation is $778,641.


Official website here: www.bcbsm.com/foundation

What is the revenue of Blue Cross Blue Shield Of Michigan Foundation?

Blue Cross Blue Shield Of Michigan Foundation's revenue in 2022 was $1,121,426.


Official website here: www.bcbsm.com/foundation

Who are the executives of Blue Cross Blue Shield Of Michigan Foundation and what are their salaries?


Here are 11 key members and their salaries (Blue Cross Blue Shield Of Michigan Foundation's CEO's salary is $0 and their total compensation is $778,641):


James Haveman (Treasurer & Director)
  • Compensation: $35,072
  • Related: $0
  • Other: $0
Lynda Rossi (President & Exec Vp)
  • Compensation: $0
  • Related: $3,977,956
  • Other: -$805,969
Shauna Ryder Diggs Md (Chair & Director)
  • Compensation: $45,000
  • Related: $0
  • Other: $0
Bruce Wolf (Director)
  • Compensation: $30,000
  • Related: $0
  • Other: $0
Faris Ahmad Md (Medical Director)
  • Compensation: $0
  • Related: $363,903
  • Other: $35,777
Haifa Fakhouri Phd (Director)
  • Compensation: $25,072
  • Related: $0
  • Other: $0
Joel Ferguson (Director & Vice-Chair)
  • Compensation: $25,072
  • Related: $0
  • Other: $0
Paul Hillegons (Director)
  • Compensation: $25,072
  • Related: $0
  • Other: $0
Audrey Harvey (Executive Director & Ceo)
  • Compensation: $0
  • Related: $763,180
  • Other: $15,461
Benjamin Grier (Treasurer)
  • Compensation: $0
  • Related: $237,140
  • Other: -$26,308
Thomas Simmer (Svp & Chief Medical Officer)
  • Compensation: $0
  • Related: $492,249
  • Other: $0


Official website here: www.bcbsm.com/foundation

Where can I find the form 990 for Blue Cross Blue Shield Of Michigan Foundation?

Blue Cross Blue Shield Of Michigan Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.bcbsm.com/foundation

Learn more at the official website: www.bcbsm.com/foundation

Mission Statement of Blue Cross Blue Shield Of Michigan Foundation

The Blue Cross Blue Shield of Michigan Foundation is dedicated to supporting healthcare initiatives and innovative programs aimed at improving the health of Michigan's residents. Their mission is twofold: firstly, to fund and promote research in the field of healthcare, and secondly, to develop and promote innovative programs that can enhance the overall health of Michigan's population. The foundation envisions a future where Michiganders can enjoy improved health and have easy access to high-value, quality care.

To achieve this vision, the Blue Cross Blue Shield of Michigan Foundation embraces several core values. They prioritize commitment to quality performance, honesty, integrity, collaboration, and teamwork. They also value the efficient and effective use of resources, and strive for excellence in their programs, grants, and communications. Furthermore, the foundation is committed to advancing health equity and eliminating healthcare disparities.

The team at the Blue Cross Blue Shield of Michigan Foundation is constantly seeking new ways to support community innovation. They believe that by fostering the development of socially responsible and innovative solutions to critical health issues, they can help ensure that Michiganders can enjoy both physical and behavioral health. Through their work, they aim to contribute to a healthier and more equitable Michigan.

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Impact




October, 2024

The Blue Cross Blue Shield of Michigan Foundation significantly impacts healthcare in Michigan by fostering innovative programs designed to enhance the health of residents. Through initiatives such as the Community Health Matching Grant Program, the foundation collaborates with health professionals and community leaders to develop community-inspired programs that address urgent health needs. In 2022 alone, they partnered with 30 organizations, offering matching grants to improve healthcare access and outcomes for vulnerable populations, including the uninsured and underinsured.

The foundation actively addresses pressing health issues through its Request for Proposal (RFP) program, which directly aligns with community-identified needs. Engaging with community leaders and utilizing data insights, the foundation solicits proposals that embody a population-led approach. This strategic focus has led to advancements in critical areas such as maternal health equity, mental health support, and community engagement.

With a commitment to health equity, the foundation plays a pivotal role in eliminating healthcare disparities. By prioritizing quality performance, collaboration, and effective resource use, they aim to enhance both physical and behavioral health for all Michigan residents. Their leadership in fostering socially responsible solutions is pivotal in transforming health outcomes across the state.




This information is meant to be a general summary of Blue Cross Blue Shield Of Michigan Foundation. 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.

Revenue
$1,121,426 (2022)
Expenses
$2,952,454 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $948,111
  • Gross Receipts: $10,098,700

Assets and Liabilities:

  • Total Assets: $51,639,807
  • Total Liabilities: $2,553,966
  • Net Assets: $49,085,841

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Organization Details

Founding Year

1980

Main Address

600 EAST LAFAYETTE BLVD MCX1816, DETROIT, MI, 48226

NTEE Category

Code: E120 - Health

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