Totals
- Total revenue
- $523,344,731
- Total expenses
- $664,390,364
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $410,348,646
- Investment income
- $112,996,085
- Other revenue
- $0
- Total assets, end of year
- $2,969,153,307
- Total liabilities, end of year
- $2,524,678,261
- Net assets or fund balances, end of year
- $444,475,046
- Program services expenses (Part IX)
- $642,351,692
- Management and general expenses
- $22,038,672
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $642,351,692
Program services were 96.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: PREMIUMS EARNED
total $410,348,646 · related or exempt $410,348,646
-
3 · Investment income
total $106,364,644 · unrelated business $0 · excluded $106,364,644
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $199,416,292
-
7b · Less cost or other basis and sales expenses
securities $192,784,851
-
7c · Gain or loss
securities $6,631,441
-
7d · Net gain or loss
total $6,631,441 · excluded $6,631,441
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $15,000 · management and general $15,000
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $23,726 · program services $0 · management and general $23,726 · fundraising $0
-
11c · Fees: accounting
total $73,140 · management and general $73,140
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $1,267,057 · management and general $1,267,057
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $19,199 · management and general $19,199
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: PAID LOSSES
total $641,761,372 · program services $641,761,372
-
24b · Other expenses: INTER-REGIONAL ALLOCATION
total $17,361,855 · management and general $17,361,855
-
24c · Other expenses: OTHER PROFESSIONAL FEES
total $3,226,681 · management and general $3,226,681
-
24d · Other expenses: PREMIUM TAXES
total $590,320 · program services $590,320
-
24e · All other expenses
total $52,014 · management and general $52,014
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $0 · end of year $0
-
2 · Savings and temporary cash investments
beginning of year $42,674,520 · end of year $16,310,095
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $1,865,126,394 · end of year $1,884,054,350
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $94,779 · end of year $3,316
-
10a · Land, buildings and equipment: cost or other basis
$325,215
-
10b · Land, buildings and equipment: accumulated depreciation
$325,215
-
11 · Investments: publicly traded securities
beginning of year $1,119,580,746 · end of year $988,004,925
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $56,907,207 · end of year $80,780,621
-
17 · Accounts payable and accrued expenses
beginning of year $4,258,088 · end of year $1,123,672
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $5,326,610 · end of year $6,876,418
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $2,323,077,332 · end of year $2,516,678,171
-
29 · Capital stock, trust principal or current funds
beginning of year $25,000,000 · end of year $25,000,000
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $726,721,616 · end of year $419,475,046
Mission and programs · 2022
Mission
A SUPPORTING ORGANIZATION TO KAISER FOUNDATION HEALTH PLAN INC AND SUBSIDIARIES CREATED TO PROVIDE A MEANS OF FINANCING PROFESSIONAL AND GENERAL LIABILITY, MANAGED CARE LIABILITY AND PANDEMIC, TERRORISM, CYBER SECURITY, AND EARTHQUAKE EXPOSURES.
Activities or mission (Part I)
SEE SCHEDULE O
-
A supporting organization to Kaiser Foundation Health Plan Inc and subsidiaries created to provide a means of financing professional and general liability, workers' compensation liability, managed care liability and pandemic, terrorism, cyber security, and earthquake exposures.
Expenses $642,351,692 · Revenue $410,348,646
As filed on the 2022 return.
Listed in Part VII
-
Mark Zemelman
SVP, General Counsel & Secy
- Total calculated
- $5,163,376
- From this org
- $0
- From related orgs
- $5,101,508
- Other
- $61,868
- Hours/week
- 0.2 + 49.8 related
Schedule J breakdown matched by us
- Base
- $0 + $339,902 related
- Bonus
- $0 + $3,880,962 related
- Other
- $0 + $880,644 related
- Deferred
- $0 + $41,523 related
- Nontaxable benefits
- $0 + $20,345 related
- Filer's total
- $0 + $5,163,376 related
-
Vanessa Benavides
SVP,Chief Legal Officer & Secy
- Total calculated
- $1,674,679
- From this org
- $0
- From related orgs
- $1,466,903
- Other
- $207,776
- Hours/week
- 1 + 49 related
Schedule J breakdown matched by us
- Base
- $0 + $687,727 related
- Bonus
- $0 + $726,916 related
- Other
- $0 + $52,260 related
- Deferred
- $0 + $189,045 related
- Nontaxable benefits
- $0 + $18,731 related
- Filer's total
- $0 + $1,674,679 related
-
Thomas Meier
Vice President & Treasurer
- Total calculated
- $1,524,619
- From this org
- $0
- From related orgs
- $1,614,705
- Other
- -$90,086
- Hours/week
- 2 + 48 related
Schedule J breakdown matched by us
- Base
- $0 + $568,446 related
- Bonus
- $0 + $904,341 related
- Other
- $0 + $141,918 related
- Deferred
- $0 + -$116,603 related
- Nontaxable benefits
- $0 + $26,517 related
- Filer's total
- $0 + $1,524,619 related
-
Martin King
Director & President
- Total calculated
- $375,689
- From this org
- $0
- From related orgs
- $424,603
- Other
- -$48,914
- Hours/week
- 5 + 45 related
Schedule J breakdown matched by us
- Base
- $0 + $274,332 related
- Bonus
- $0 + $107,347 related
- Other
- $0 + $42,924 related
- Deferred
- $0 + -$52,796 related
- Nontaxable benefits
- $0 + $3,882 related
- Filer's total
- $0 + $375,689 related
-
Hong-Sze Yu
VP, Brd & Corp Gov & Asst Secy
- Total calculated
- $358,461
- From this org
- $0
- From related orgs
- $471,975
- Other
- -$113,514
- Hours/week
- 0.1 + 49.9 related
Schedule J breakdown matched by us
- Base
- $0 + $293,512 related
- Bonus
- $0 + $158,442 related
- Other
- $0 + $20,021 related
- Deferred
- $0 + -$141,683 related
- Nontaxable benefits
- $0 + $28,169 related
- Filer's total
- $0 + $358,461 related
-
Sylvia Bhatia
Director
- Total calculated
- $259,894
- From this org
- $0
- From related orgs
- $271,710
- Other
- -$11,816
- Hours/week
- 1 + 49 related
Schedule J breakdown matched by us
- Base
- $0 + $214,049 related
- Bonus
- $0 + $46,645 related
- Other
- $0 + $11,016 related
- Deferred
- $0 + -$39,985 related
- Nontaxable benefits
- $0 + $28,169 related
- Filer's total
- $0 + $259,894 related
-
Michael B Evans
Director
- Total calculated
- $11,000
- From this org
- $11,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Gerald C Yoshida
Director & Assistant Secretary
- Total calculated
- $4,000
- From this org
- $4,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 7 · Other non-fixed payments
Answered no
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Schedule J, Part I, Line 3
- METHODS USED TO ESTABLISH COMPENSATION OF CEO/EXECUTIVE DIRECTOR: THE FILING ORGANIZATION RELIED ON A RELATED ORGANIZATION THAT USED ONE OR MORE OF THE METHODS DESCRIBED BELOW TO ESTABLISH THE TOP MANAGEMENT OFFICIALS' COMPENSATION: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION SURVEY OR STUDY, AND - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE OF A RELATED ORGANIZATION.
- Schedule J, Part I, Line 4a
- Mark Zemelman $ $465,099 LISTED PERSONS PARTICIPATED IN SEPARATION ARRANGEMENTS. DEPENDING ON POSITION LEVEL, TENURE, AND SEPARATION REASON, BENEFITS PAYABLE UNDER THESE ARRANGEMENTS PROVIDE FOR PAY AND HEALTH BENEFITS CONTINUATION PLUS PAYMENT OF ACCRUED OBLIGATIONS. IN ADDITION, FOR SOME OF THE LISTED PERSONS, BENEFITS PAYABLE INCLUDE PRORATED INCENTIVE AWARDS FOR PERFORMANCE PERIODS NOT YET ENDED. NONE OF THE LISTED PERSONS PARTICIPATED IN ARRANGEMENTS ENTITLING THEM TO CHANGE-OF-CONTROL PAYMENTS.
- Schedule J, Part I, Line 4b
- SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN PAYMENT Mark Zemelman $ 371,550 Thomas Meier 89,053 SOME OF THE PARTICIPANTS LISTED IN SCHEDULE J, PART II PARTICIPATED IN NONQUALIFIED SUPPLEMENTAL RETIREMENT PLANS. UNDER THESE PLANS, THE ORGANIZATION MAKES ANNUAL CONTRIBUTIONS TO A NOTIONAL ACCOUNT ON BEHALF OF EACH PARTICIPANT. CONTRIBUTIONS VARY BY POSITION, LEVEL AND PAY, AND VEST OVER TIME BASED ON AGE AND/OR SERVICE. PARTICIPANT ACCOUNTS ARE CREDITED WITH A FIXED RATE OF INTEREST, INVESTED IN AVAILABLE MUTUAL FUNDS OR A COMBINATION OF BOTH. CERTAIN OFFICERS ACCRUE A BENEFIT THAT VESTS BASED ON AGE AND SERVICE AND TARGETS A PERCENTAGE OF FINAL AVERAGE PAY LESS PRIOR PLAN OFFSETS. UNVESTED AMOUNTS ARE SUBJECT TO RISK OF FORFEITURE.
- SCHEDULE J, PART I, LINE 7
- NON-FIXED PAYMENTS THE ORGANIZATION PROVIDED NON-FIXED PAYMENTS TO SOME OF THE PERSONS LISTED. PAYMENTS WERE MADE UNDER DISCRETIONARY BONUS PROGRAMS AND INCENTIVE PLANS, BASED ON ATTAINMENT OF ORGANIZATIONAL PERFORMANCE GOALS AND INDIVIDUAL PERFORMANCE, DESIGNED TO SUPPORT THE ORGANIZATION'S MISSION TO PROVIDE HIGH-QUALITY, AFFORDABLE CARE AND IMPROVE THE HEALTH OF ITS MEMBERS AND THE COMMUNITIES IT SERVES. THE PLANS' ORGANIZATIONAL PERFORMANCE GOALS INCLUDED: QUALITY OF CARE AND SERVICE, MEMBERSHIP GROWTH, OPERATING INCOME, PER MEMBER EXPENSE TREND, AND COMMUNITY BENEFIT. PLAN DESIGNS, PERFORMANCE, AND PAYOUT LEVELS, AS WELL AS INDIVIDUAL PAYMENTS TO CERTAIN PERSONS, WERE REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS, COMPRISED OF INDEPENDENT DIRECTORS.
- SCHEDULE J, PART II, SECTION A, COLUMN F
- AMOUNTS INCLUDED IN SCHEDULE J, PART II, COLUMN F INCLUDE AMOUNTS PREVIOUSLY REPORTED AS DEFERRED COMPENSATION, AS WELL AS DISTRIBUTIONS FROM A 457(B) PLAN THAT WERE PREVIOUSLY REPORTED AS REPORTABLE COMPENSATION IN ACCORDANCE WITH FORM 990 INSTRUCTIONS.
- SCHEDULE J, PART II, COLUMN C
- THE ACTUARIAL VALUE FOR THE MAJORITY OF INDIVIDUALS' DEFINED BENEFIT PLAN DECLINED IN 2022, RESULTING IN NEGATIVE COMPENSATION FOR CERTAIN EXECUTIVES. THE ACTUARIAL INCREASE OR DECREASE IN VALUE MAY CHANGE FOR VARIOUS REASONS, INCLUDING CONTINUED SERVICE, AGE, AND CHANGES IN ASSUMPTIONS. THE DECLINE IN ACTUARIAL VALUE OF BENEFITS DURING 2022 IS PRIMARILY DUE TO SIGNIFICANT INCREASE IN MARKET INTEREST RATES, RESULTING IN LOWER PRESENT VALUE OF BENEFITS COMPARED TO THE PRIOR YEAR. THE ACTUAL DOLLARS RECEIVED FROM THE DEFINED BENEFIT PLAN UPON RETIREMENT ARE NOT AFFECTED BY THE INTEREST RATE INCREASES.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(c)(3) · Health Care · CA
Directly controlled by NA
-
Kaiser Foundation Health Plan Inc
501(c)(3) · Health Care · CA
Directly controlled by NA
-
Kaiser Foundation Health Plan of CO
501(c)(3) · Health Care · CO
Directly controlled by KFHP Inc
-
Kaiser Foundation Health Plan of GA Inc
501(c)(3) · Health Care · GA
Directly controlled by KFHP Inc
-
Kaiser Foundation Health Plan of the MAS
501(c)(3) · Health Care · MD
Directly controlled by KFHP Inc
-
Kaiser Foundation Health Plan of the NW
501(c)(3) · Health Care · OR
Directly controlled by KFHP Inc
-
Kaiser Fdn Health Plan of Washington
501(c)(3) · Health Care · WA
Directly controlled by KFHPW Hldng
-
Kaiser Hospital Asset Management Inc
501(c)(3) · Asset Mgmt · CA
Directly controlled by KFH
-
Kaiser Health Plan Asset Management Inc
501(c)(3) · Asset Mgmt · CA
Directly controlled by KFHP Inc
-
501(c)(3) · Admin · CA
Directly controlled by KFHP Inc
-
501(c)(3) · Financing · CA
Directly controlled by KFHP Inc
-
Kaiser Hospital Assistance Corporation
501(c)(3) · Financing · CA
Directly controlled by KFH
-
501(c)(3) · Health Care · OR
Directly controlled by KFHP Inc
-
KP Bernard J Tyson School of Medicine
501(c)(3) · Medical Edu. · CA
Directly controlled by KFH
-
501(c)(3) · Health Care · WA
Directly controlled by KFHP Inc
-
501(c)(3) · Inactive · WA
Directly controlled by KFHP of WA
-
Group Health of Washington
501(c)(3) · Inactive · WA
Directly controlled by KFHP of WA
-
Kaiser Fdn For The Adv of Integrated HC
501(c)(4) · Advocacy · CA
Directly controlled by KFHP Inc
-
Kaiser Foundation Health Plan of NV Inc
501(c)(4) · Health Care · DE
Directly controlled by KFHP Inc
-
501(c)(3) · Health Care · DE
Directly controlled by KFHP Inc
-
501(c)(3) · Holding Co · DE
Directly controlled by KFH
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
NXT CAP SR FD ILLC
N/A · INVESTMENT · DE · share of income $0 · share of assets $0
Directly controlled by NA
-
Garfield Health Sol E Pvt Ltd
N/A · Admin · IN · share of income $0 · share of assets $0
Directly controlled by NA
-
Maui Nui ASC Holdco LLC
N/A · Holding Co · HI · share of income $0 · share of assets $0
Directly controlled by NA
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
OAK TREE ASSURANCE LTD
C CORP · INSURANCE · VT · 0% owned · share of income $0 · share of assets $0
Directly controlled by NA
-
KAISER PERMANENTE INSURANCE COMPANY
C CORP · Insurance · CA · 0% owned · share of income $0 · share of assets $0
Directly controlled by NA
-
KAISER PERMANENTE INTERNATIONAL
C CORP · CONSULTING · CA · 0% owned · share of income $0 · share of assets $0
Directly controlled by NA
-
KFHP OF WASHINGTON OPTIONS INC
C CORP · INSURANCE · WA · 0% owned · share of income $0 · share of assets $0
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 17 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323199349301002
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