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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $32,351
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click 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.
Impact
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.
Thursday, August 15, 2024
Johnson & Johnson Veba Trust directly impacts eligible salaried employees and their dependents by funding and paying benefits and administrative expenses related to group life and accidental death & dismemberment insurance plans as well as certain medical plans maintained by Johnson & Johnson and its affiliated companies. Through its operations in Quincy, MA, the trust ensures that participants receive the necessary support and financial coverage for their health and well-being.
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.
- Assets and Liabilities:
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) 622-2119
Principal Officer
Melissa Ford
Main Address
1200 CROWN COLONY DRIVE, QUINCY, MA, 02169
NTEE Category
Code: Y40 - Mutual benefit
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