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← BLUE CROSS BLUE SHIELD OF MICHIGAN BARGAINING UNIT INTERNAL HEALTH

Form 990 for tax year 2023

Filed by BLUE CROSS BLUE SHIELD OF MICHIGAN BARGAINING UNIT INTERNAL HEALTH.

Totals

Total revenue
-$12,129,760
Total expenses
$47,226,304
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
-$12,129,760
Other revenue
$0
Total assets, end of year
$423,292,608
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$423,292,608
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 3 · Investment income

    total $12,081,241 · excluded $12,081,241

  • 7a · Gross sales of assets other than inventory

    securities $324,369,595

  • 7b · Less cost or other basis and sales expenses

    securities $348,580,596

  • 7c · Gain or loss

    securities -$24,211,001

  • 7d · Net gain or loss

    total -$24,211,001 · excluded -$24,211,001

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $46,444,112

  • 5 · Compensation of officers, directors and key employees

    total $86,316

  • 11g · Fees: other

    total $695,876

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $201,974,575 · end of year $218,029,870

  • 12 · Investments: other securities

    beginning of year $211,853,247 · end of year $203,014,315

  • 15 · Other assets

    beginning of year $3,804,125 · end of year $2,248,423

  • 25 · Other liabilities

    beginning of year $1,999,630 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $415,632,317 · end of year $423,292,608

  • 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 $0 · end of year $0

Mission and programs · 2023

Mission

THE TRUST WAS CREATED FOR THE EXCLUSIVE PURPOSE OF PROVIDING HEALTH BENEFITS TO ELIGIBLE EMPLOYEES OF BLUE CROSS BLUE SHIELD OF MICHIGAN.

  • PROVIDED HEALTH BENEFITS TO ELIGIBLE EMPLOYEES OF BLUE CROSS BLUE SHIELD OF MICHIGAN.

As filed on the 2023 return.

Listed in Part VII

  • WAYMOND HARRIS

    ADMINISTRATIVE COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • PAUL MOZAK

    ADMINISTRATIVE COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • LAURINE PARMELY

    ADMINISTRATIVE COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • JASON PISARIK

    ADMINISTRATIVE COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • YVONNE TRUPIANO

    ADMINISTRATIVE COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • THE NORTHERN TRUST COMPANY

    TRUSTEE

    Total calculated
    $86,316
    From this org
    $86,316
    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.

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.

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 corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202413209349301606

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