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Filing year 2024

Blue Cross Blue Shield of Michigan Foundation

Detroit, Michigan·EIN 38-2338506·NTEE E120 · Health Care·501(c)(3)
Total revenue
$2M
Total assets
$56.7M
Total expenses
$3.2M
Reported officers
9
Mission

THE BCBSM FOUNDATION'S MISSION IS TO SUPPORT HEALTHCARE RESEARCH AND INNOVATIVE PROGRAMS DESIGNED TO IMPROVE THE HEALTH OF MICHIGAN RESIDENTS. OUR VISION IS THAT MICHIGAN'S POPULATION WILL ENJOY IMPROVED HEALTH AND ACCESS TO QUALITY HIGH-VALUE CARE. THE FOUNDATION WILL BE A LEADER IN FOSTERING THE DEVELOPMENT OF SOCIALLY RESPONSIBLE AND INNOVATIVE SOLUTIONS TO CRITICAL ISSUES THAT AFFECT THE HEALTH OF MICHIGAN RESIDENTS. WE ACCOMPLISH OUR WORK BY VALUING: COMMITMENT TO QUALITY PERFORMANCE; HONESTY, INTEGRITY, COLLABORATION, AND TEAMWORK; EFFECTIVE AND EFFICIENT USE OF RESOURCES; EXCELLENCE IN PROGRAMS, GRANTS, AND COMMUNICATIONS; AT THE BLUE CROSS BLUE SHIELD OF MICHIGAN FOUNDATION, OUR TEAM IS ALWAYS LOOKING FOR NEW WAYS TO SUPPORT COMMUNITY INNOVATION THAT WILL ENSURE MICHIGANDERS CAN ENJOY BOTH ADVANCING BALANCED HEALTH CARE TREATMENT WITH UNIFORMITY IN HEALTY OUTCOMES; INCREASING ACCESS TO HEALTH CARE, IMPROVING THE QULAIFTY OF HEALTH CARE AND INCREASING THE VALUE OF HEALTH CARE.

Executive compensation

Form 990 · Part VII & Schedule J · 8 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Health Care organizations in Michigan.

EVP and Chief Medical Officer
Above 90th percentile
$752k
$794k
President & Exec VP
Vice President
Median to 75th percentile
$263k
$278k
Executive Director & CEO
Median to 75th percentile
$165k
$175k
Chair & Director
Board Chair
25th percentile to medianvs Health Care peers nationwide
$45k
$48k
Treasurer & Director
Officer (Unspecified)
$35k
$37k
Vice Chair & Director
Board Vice Chair
25th percentile to medianvs Health Care peers nationwide
$30k
$32k
Director
Board Member
10th to 25th percentile
$25k
$26k
Director
Board Member
10th to 25th percentile
$25k
$26k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Detroit-Warren-Dearborn, MI metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 1 unpaid individual.

Browse compensation in Health Care

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at Blue Cross Blue Shield of Michigan Foundation equaled 23% of the organization's total expenses. The median for health care organizations is 4%.

This organization (2024)
23%
Sector median
4%
Middle half of sector
1% to 13%

Based on 13,830 health care organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 17%
from 2023

From $642k in 2023 to $752k in 2024.

$642k
2023
$752k
2024
In today's dollarsEst.
Up 14% in real terms$698k to $794k

Estimated with Detroit-Warren-Dearborn, MI metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 341% from 2023 to 2024, while revenue rose 77%.

$171k in 2023 to $752k in 2024.
  • Vice President pay fell 59% from 2023 to 2024.
  • Board Chair pay held roughly steady from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about Blue Cross Blue Shield of Michigan Foundation

What does the Chief Executive Officer of Blue Cross Blue Shield of Michigan Foundation earn?

In 2024, the Chief Executive Officer of Blue Cross Blue Shield of Michigan Foundation received $752,427 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Health Care organizations in Michigan: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at Blue Cross Blue Shield of Michigan Foundation compare with similar nonprofits?

Compared with the same role at Health Care organizations in Michigan, the 2024 pay of the Chief Executive Officer at Blue Cross Blue Shield of Michigan Foundation falls in the top 10%. In 2024, the highest total compensation at Blue Cross Blue Shield of Michigan Foundation equaled 23% of the organization's total expenses. The median for health care organizations is 4%.

What are Blue Cross Blue Shield of Michigan Foundation's revenue and expenses?

In 2024, Blue Cross Blue Shield of Michigan Foundation reported $2M in total revenue and $3.2M in total expenses on its IRS Form 990.

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