Overview
What is Johnson & Johnson Veba Trust?
The Johnson & Johnson Veba Trust is a nonprofit organization established and maintained to fund and pay benefits, as well as administrative expenses, for eligible salaried employees (along with their dependents) who take part in certain medical plans offered by Johnson & Johnson and its affiliated companies. The trust's purpose is to ensure the provision of these crucial benefits to its participants.
Is Johnson & Johnson Veba Trust legitimate?
Johnson & Johnson Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Johnson & Johnson Veba Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $32,351
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Johnson & Johnson Veba Trust?
The Johnson & Johnson Veba Trust has been established to ensure the funding and payment of benefits and administrative expenses for eligible salaried employees and their dependents. These individuals are participants in certain medical plans maintained by Johnson & Johnson and its affiliated companies. The trust serves as a means to provide financial support for the healthcare needs of the qualified workforce. It also covers administrative costs associated with the management of these medical plans. The trust's primary goal is to ensure the well-being of its beneficiaries by facilitating their access to essential healthcare services.
Who is the CEO of Johnson & Johnson Veba Trust?
Melissa Ford is the Institutional Trustee of Johnson & Johnson Veba Trust.
What is the revenue of Johnson & Johnson Veba Trust?
Johnson & Johnson Veba Trust's revenue in 2022 was $1,012,290,905.
Who are the executives of Johnson & Johnson Veba Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $32,351
- Related: $0
- Other: $0
Where can I find the form 990 for Johnson & Johnson Veba Trust?
Johnson & Johnson Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Johnson & Johnson Veba Trust
The Johnson & Johnson Veba Trust, a vital organization established and maintained to fund and pay benefits and administrative expenses for eligible salaried employees and their dependents, participates in certain medical plans administered by Johnson & Johnson and its affiliated companies. This trust ensures the financial support for the medical coverage of its members, providing them with essential healthcare services.
The Johnson & Johnson Veba Trust's primary objective is to secure the well-being of its participants, focusing on their medical needs. By maintaining this trust, Johnson & Johnson and its affiliated companies offer their employees and their dependents the peace of mind that comes with comprehensive medical coverage. The trust's resources are dedicated to ensuring the smooth administration of these medical plans and the timely disbursement of associated benefits.
In summary, the Johnson & Johnson Veba Trust serves as a vital source of funding and support for eligible employees and their dependents, allowing them access to essential medical benefits through the medical plans maintained by Johnson & Johnson and its affiliated companies. The trust's unwavering commitment to its members' well-being and its role in the administration of their medical plans make it an invaluable resource within the organization.
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Impact
October, 2024
The Johnson & Johnson Veba Trust plays a vital role in providing financial support and resources for eligible salaried employees and their dependents. By funding and paying for benefits related to group life, accidental death, dismemberment insurance, and certain medical plans, the Veba Trust ensures that employees have access to essential health and life benefits. This support not only enhances the well-being of the workforce but also fosters a sense of security and stability among employees, allowing them to focus on their roles within the company. The administrative efficiency of the Veba is critical in managing these benefits, ultimately contributing to a healthier and more engaged workforce. Such initiatives exemplify corporate responsibility and commitment to the welfare of employees, reinforcing a positive organizational culture.
This information is meant to be a general summary of Johnson & Johnson Veba Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,176,094
- Program Service Revenue: $1,007,114,811
- Gross Receipts: $1,099,891,299
Assets and Liabilities:
- Total Assets: $78,814,743
- Total Liabilities: $0
- Net Assets: $78,814,743
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRIBUTIONS AND REBATES
Revenue
$1,007,114,811
Organization Details
Founding Year
1971
Phone
(617) 622-2119Principal Officer
Melissa Ford
Main Address
1200 CROWN COLONY DRIVE, QUINCY, MA, 02169
NTEE Category
Code: Y40 - Mutual benefit
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