Form 990 for tax year 2024
Filed by BLUE CROSS AND BLUE SHIELD OF MICHIGAN FOUNDATION.
Totals
- Total revenue
- $1,976,143
- Total expenses
- $3,205,968
- Contributions and grants received
- $0
- Grants paid
- $1,437,457
- Program services expenses (Part IX)
- $2,506,166
- Management and general expenses
- $699,802
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,506,166
Program services were 78.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
BRUCE WOLF DO
Vice chair & DIRECTOR
- Total calculated
- $105,231
- From this org
- $30,000
- From related orgs
- $75,231
- Other
- $0
- Hours/week
- 1 + 1 related
-
JAMES HAVEMAN
TREASURER & DIRECTOR
- Total calculated
- $35,072
- From this org
- $35,072
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
LYNDA ROSSI
PRESIDENT & EXEC VP
- Total calculated
- $4,226,188
- From this org
- $0
- From related orgs
- $3,962,920
- Other
- $263,268
- Hours/week
- 1 + 54 related
Schedule J breakdown matched by us
- Base
- $0 + $875,090 related
- Bonus
- $0 + $2,861,095 related
- Other
- $0 + $226,735 related
- Deferred
- $0 + $232,499 related
- Nontaxable benefits
- $0 + $30,769 related
- Filer's total
- $0 + $4,226,188 related
-
SHAUNA RYDER DIGGS MD
CHAIR & DIRECTOR
- Total calculated
- $45,000
- From this org
- $45,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
HAIFA FAKHOURI PHD
DIRECTOR
- Total calculated
- $25,072
- From this org
- $25,072
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
JAMES GRANT MD
EVP and Chief Medical Officer
- Total calculated
- $2,434,224
- From this org
- $0
- From related orgs
- $1,681,797
- Other
- $752,427
- Hours/week
- 1 + 54 related
Schedule J breakdown matched by us
- Base
- $0 + $721,966 related
- Bonus
- $0 + $826,150 related
- Other
- $0 + $133,681 related
- Deferred
- $0 + $725,952 related
- Nontaxable benefits
- $0 + $26,475 related
- Filer's total
- $0 + $2,434,224 related
-
PAUL HILLEGONDS
DIRECTOR
- Total calculated
- $25,072
- From this org
- $25,072
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
AUDREY J HARVEY
EXECUTIVE DIRECTOR & CEO
- Total calculated
- $934,681
- From this org
- $0
- From related orgs
- $769,331
- Other
- $165,350
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $0 + $347,019 related
- Bonus
- $0 + $381,170 related
- Other
- $0 + $41,142 related
- Deferred
- $0 + $131,312 related
- Nontaxable benefits
- $0 + $34,038 related
- Filer's total
- $0 + $934,681 related
-
THOMAS SIMMER
FORMER DIRECTOR
- Total calculated
- $513,274
- From this org
- $0
- From related orgs
- $513,274
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0 + $504,362 related
- Other
- $0 + $8,912 related
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $513,274 related
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 — 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
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 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
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
- COMPENSATION PROCESS FOR TOP OFFICIAL THE COMPENSATION STRATEGY IS DESIGNED TO ENSURE THAT AN APPROPRIATE BALANCE EXISTS BETWEEN INTERNAL EQUITY CONSIDERATIONS AND MARKET COMPENSATION FACTORS AND PRACTICES. MARKET DATA FROM THIRD PARTY EXECUTIVE COMPENSATION SURVEYS AND INDEPENDENT COMPENSATION CONSULTANTS ARE USED TO DETERMINE THE EXECUTIVE DIRECTOR AND CEO'S COMPENSATION. THE COMPENSATION RECOMMENDATIONS ARE REVIEWED BY BLUE CROSS BLUE SHIELD OF MICHIGAN (BCBSM), PERSONNEL AND COMPENSATION SUBCOMMITTEE AND EXECUTIVE COMMITTEE.
- Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
- THE NONQUALIFIED PENSION PLAN PROVIDES RETIREMENT BENEFITS FOR A GROUP OF KEY EMPLOYEES UNDER NONQUALIFIED DEFINED PENSION PLANS. THE GENERAL PURPOSE OF THE PLAN IS TO PROVIDE ADDITIONAL RETIREMENT BENEFITS TO PARTICIPANTS WHO ARE SUBJECT TO THE CONTRIBUTION AND BENEFIT LIMITATION APPLICABLE TO TAX-QUALIFIED PLANS UNDER IRC. BENEFITS UNDER THE PLAN ARE FUNDED AND PAID OUT OF THE GENERAL ASSETS OF THE CORPORATION. THESE AMOUNTS ARE ACCRUED AND ELIGIBLE TO BE PAID OUT WITHIN 2024. AUDREY J. HARVEY - NONQUALIFIED- 30,958 LYNDA ROSSI - NONQUALIFIED- 196,831 FARIS AHMAD, M.D. - NONQUALIFIED- 2,505 James Grant, M.D. - NONQUALIFIED- 433,729
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)(4) · HMO · MI
Directly controlled by BCBSM
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 30 October 2025
- IRS schema version
- 2024v5.1
- Source object
- 202513039349302541
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