Blue Cross And Blue Shield Of Massachusetts Hmo Blue Inc in Boston, Massachusetts (MA)

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Blue Cross And Blue Shield Of Massachusetts Hmo Blue Inc
Employer Identification Number (EIN)043362283
Name of OrganizationBlue Cross And Blue Shield Of Massachusetts Hmo Blue Inc
AddressBoston, MA 02215
Tax Period2007
Asset Amount$880,593,048
Amount of Income$4,516,207,547
Form 990 Revenue Amount$4,516,207,547
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Group Health Practice (Health Maintenance Organizations)


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Amount of income in 2007: $4,516,207,547
This organization: 

 $4,516,207,547
Other organizations performing similar types of work: 

 $153,128,564

Assets in 2007: $880,593,048
This organization: 

 $880,593,048
Other organizations performing similar types of work: 

 $38,480,063

Expenses in 2007: $4,488,999,536
Blue Cross And Blue Shield Of Massachusetts Hmo Blue Inc: 

 $4,488,999,536
Other organizations performing similar types of work: 

 $144,226,235

Income to expenses ratio in 2007: 1.0
This organization: 

 1.0
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2007: 90.0%
Blue Cross And Blue Shield Of Massachusetts Hmo Blue Inc: 

 90.0%
Other organizations performing similar types of work: 

 91.9%

Number of employees in 2007: 3,312
This organization: 

 3,312
Other organizations performing similar types of work: 

 163

Employees paid over $50,000 in 2007: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 4.7%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
200520062007
Total revenue$3,717,074,048$4,278,806,179$4,516,207,547
Contributions, gifts, grants, and similar amounts received$0$0$0
Contributions to donor advised funds$0$0
Direct public support$0$0$0
Indirect public support$0$0$0
Government contributions (grants)$0$0$0
Program service revenue including government fees and contracts$3,641,563,999$4,221,446,798$4,462,885,604
Membership dues and assessments$0$0$0
Interest on savings and temporary cash investments$4,636,216$351,047$6,318,839
Dividends and interest from securities$30,410,405$57,008,334$47,003,104
Net rental income or (loss)$0$0$0
Gross rents$0$0$0
Less: rental expenses$0$0$0
Other investment income$0$0$0
Gain or (loss) from sales of assets other than inventory$40,463,428$0$0
Gross amount from sales of assets other than inventory$40,463,428$0$0
Less: cost or other basis and sales expenses$0$0$0
Net income or (loss) from special events and activities$0$0$0
Gross revenue$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0
Less: cost of goods sold$0$0$0
Other revenue$0$0$0
Total expenses$3,580,019,067$4,208,534,102$4,488,999,536
Program services$3,214,718,089$3,784,392,479$4,041,010,932
Management and general$365,300,978$424,141,623$447,988,604
Fundraising$0$0$0
Payments to affiliates$0$0$0
Net assets or fund balances at end of year$763,780,690$839,661,676$880,593,048
Excess or (deficit) for the year$137,054,981$70,272,077$27,208,011
Net assets or fund balances at beginning of year$0$763,780,690$839,661,676
Other changes in net assets or fund balances$626,725,709$5,608,909$13,723,361
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$4,488,999,536$4,041,010,932$447,988,604$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$163,928,401$0$163,928,401$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$71,145,968$0$71,145,968$0
Payroll taxes$9,310,097$0$9,310,097$0
Professional fundraising fees$0$0$0$0
Accounting fees$15,253,832$0$15,253,832$0
Legal fees$915,280$0$915,280$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$12,402,793$0$12,402,793$0
Occupancy$26,387,784$0$26,387,784$0
Equipment rental and maintenance$1,894,752$0$1,894,752$0
Printing and publications$5,496,252$0$5,496,252$0
Travel$3,564,932$0$3,564,932$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$8,623,908$0$8,623,908$0
Other expenses not covered above$4,170,075,537$4,041,010,932$129,064,605$0
Balance Sheets
200520062007
Total assets$1,253,837,195$1,397,809,545$1,447,719,146
Cash - non-interest-bearing$3,636,170$278,457$0
Savings and temporary cash investments$44,040,869$62,410,687$85,812,500
Accounts receivable less allowance for doubtful accounts$12,929,976$19,993,893$23,153,924
Pledges receivable less allowance for doubtful accounts$0$0$0
Grants receivable$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$0$0$0
Investments - publicly-traded securities$709,494,983$713,136,308
Investments - other securities$697,311,105$455,398,791$490,273,042
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0
Investments - other$411,522,519$0$0
Land, buildings, and equipment less accumulated depreciation$58,240,506$118,494,806$116,326,606
Other assets, including program-related investments$26,156,050$31,737,928$19,016,766
Total liabilities$490,056,505$558,147,869$567,126,098
Accounts payable and accrued expenses$395,701,096$423,850,237$461,224,610
Grants payable$0$0$0
Deferred revenue$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0
Tax-exempt bond liabilities$0$0$0
Mortgages and other notes payable$0$0$0
Other liabilities$94,355,409$134,297,632$105,901,488
Total liabilities and net assets/fund balances$1,253,837,195$1,397,809,545$1,447,719,146
Total net assets or fund balances$763,780,690$839,661,676$880,593,048
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200520062007
Total revenue$3,717,074,048$4,278,806,179$4,552,096,779
Total revenue, gains, and other support per audited financial statements$3,641,563,999$4,221,446,798$4,462,885,000
Other expenses$0$0$0
Net unrealized gains on investments$0$0$0
Donated services and use of facilities$0$0$0
Recoveries of prior year grants$0$0$0
Other$0$0$0
Other revenue$75,510,049$57,359,381$89,211,779
Investment expenses$0$0$0
Other$75,510,049$57,359,381$89,211,779
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200520062007
Total expenses$3,580,019,067$4,208,534,102$4,488,999,536
Total expenses and losses per audited financial statements$3,580,019,067$4,208,534,102$4,488,999,000
Other revenue$0$0$0
Donated services and use of facilities$0$0$0
Prior year adjustments$0$0$0
Losses$0$0$0
Other$0$0$0
Other expenses$0$0$536
Investment expenses$0$0$0
Other$0$0$536
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings6
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?No
Did the organization make only in-house lobbying expenditures of $2,000 or less?No
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?No
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20063,312
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$0$4,552,096,779
Program service revenue
Program service revenue 1000000$000$0$4,462,885,604
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$6,318,839
Dividends and interest from securities000000$000$0$47,003,104
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$35,889,232
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
200420052006
Total$0$0$0
Gifts, grants, and contributions received$0$0$0
Membership fees received$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0
Net income from unrelated business activities not included above$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0
Other income$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Kaiser Foundation Health Plan IncOne Kaiser Plz Ste 15l, Oakland, CA 94612-3610CA1981-12$73,070,955,322
2Blue Cross And Blue Shield Of Massachusetts Hmo Blue IncBoston, MA 02215MA$4,516,207,547
3New York State Catholic Health Plan Inc95-25 Queens Boulevard, Rego Park, NY 11374-4510NY1998-03$4,094,146,401
4Kaiser Foundation Health Plan Of ColoradoOne Kaiser Plaza Ste 15l, Oakland, CA 94612-3610CA1981-12$3,270,693,053
5Rochester Area Health Maintenance Organization Inc, Preferred Care220 Alexander St, Rochester, NY 14607-4002NY1979-05$3,261,971,027
6Kaiser Foundation Health Plan Of The NorthwestOne Kaiser Plz Ste 15l, Oakland, CA 94612-3610CA1981-12$3,202,133,905
7Tufts Associated Health Maintenance Organization Inc705 Mount Auburn St, Watertown, MA 02472-1508MA1979-12$3,044,932,414
8Mvp Health Plan Inc625 State St, Schenectady, NY 12305-2111NY1984-04$2,570,617,642
9Kaiser Foundation Health Plan Of The Mid Atlantic States Inc2701 Nw Vaughn St Ste 490, Portland, OR 97210-5358OR1981-06$2,491,136,983
10Optima Health Plan4417 Corporation Ln, Virginia Beach, VA 23462-3162VA1986-01$2,408,742,311
11Harvard Pilgrim Health Care Inc93 Worcester St, Wellesley, MA 02481-3609MA1969-10$2,364,926,679
12Health Alliance Plan Of Michigan, Medical Value Plan2850 W Grand Blvd, Detroit, MI 48202-2643MI2004-03$2,248,206,615
13Selecthealth Inc5381 S Green St, Murray, UT 84123-4661UT1985-06$2,036,733,037
14Medica Health Plans401 Carlson Pkwy Mr Cp175, Minnetonka, MN 55305MN1975-06$1,969,972,358
15Priority Health1231 E Beltlin Ave Ne, Grand Rapids, MI 49525-4501MI1995-12$1,925,360,280
16Providence Health Plan4400 Ne Halsey Bldg 2, Portland, OR 97213-1545OR1984-07$1,769,696,875
17Healthfirst Phsp Inc100 Church St Fl 18, New York, NY 10007-2601NY1995-11$1,711,477,346
18Dental Service Of Massachusetts Inc465 Medford Street, Boston, MA 02129-1426MA1968-01$537,485,402
19Pilgrimhealth Care IncWellesley Hills, MA 02481MA$7,363,025
20Commonwealth Care Alliance Inc30 Winter Street 11th Floor, Boston, MA 02108-4720MA2005-01$174,146,074
Number of organizations performing similar types of work
Alabama1
Arkansas1
California22
Colorado5
Connecticut1
District of Columbia2
Florida2
Georgia1
Hawaii2
Idaho1
Illinois3
Indiana2
Kansas1
Kentucky1
Massachusetts6
Maryland1
Michigan17
Minnesota8
Missouri2
North Dakota1
New Jersey1
New Mexico1
New York19
Ohio6
Oklahoma1
Oregon4
Pennsylvania5
Rhode Island1
South Dakota1
Tennessee2
Texas8
Utah4
Virginia2
Vermont1
Washington1
Wisconsin4
West Virginia1
International1
Total143

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