Blue Cross & Blue Shield Associatn National Legacy Long Term Disability Trust
- Assets
- $2.7m
- Revenue
- $10.0m
- Investments
- $2.1m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- Data as of
- 12/2016
- EIN
- 51-0245316
Organization Overview
Blue Cross & Blue Shield Associatn National Legacy Long Term Disability Trust is located in Chicago, IL. Blue Cross & Blue Shield Associatn National Legacy Long Term Disability Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2016, Blue Cross & Blue Shield Associatn National Legacy Long Term Disability Trust generated $10.0m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $56.3m during the year ending 12/2016. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
THE TRUST WAS CREATED FOR THE EXCLUSIVE PURPOSE OF PROVIDING LONG TERM DISABILITY BENEFITS TO ELIGIBLE EMPLOYEES UNDER THE BLUE CROSS & BLUE SHIELD NATIONAL LTD PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED LONG TERM DISABILITY BENEFITS TO ELIGIBLE EMPLOYEES UNDER THE BLUE CROSS AND BLUE SHIELD ASSOCIATION NATIONAL LONG TERM DISABILITY PROGRAM. TOTAL BENEFITS PAID TO (OR FOR THE BENEFIT OF) ELIGIBLE EMPLOYEES DURING THE 2016 PLAN YEAR WERE $54,854,827.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael A Gold Committee Member | Trustee | 0.1 | $0 |
Andrew C Corbin Committee Member | Trustee | 0.1 | $0 |
John F Giblin Vice Chairman | OfficerTrustee | 0.1 | $0 |
Mark P Stimpson Committee Member | Trustee | 0.1 | $0 |
Karen M Abraham Committee Member | Trustee | 0.1 | $0 |
Michael Mizeur Committee Member | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,867,223 |
| Investment income | $754,814 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,339,947 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,961,984 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $54,845,821 |
| Compensation of current officers, directors, key employees. | $41,360 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,307 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,798 |
| Fees for services: Accounting | $34,919 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $47,260 |
| Fees for services: Other | $578,621 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $7 |
| Total functional expenses | $56,301,508 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,106,813 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $568,949 |
| Total assets | $2,675,762 |
| Accounts payable and accrued expenses | $200,777 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,474,985 |
| Total liabilities | $2,675,762 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |