Overview
What is Johnson & Johnson Veba Trust For Union Employees?
The Johnson & Johnson Veba Trust For Union Employees is a nonprofit organization, established to fund, pay benefits, and cover administrative expenses for eligible hourly employees and their dependents. These individuals are participants in certain medical plans maintained by Johnson & Johnson and its affiliated companies, as outlined in collective bargaining agreements. The trust serves as a crucial means of providing essential support to its members.
What are the reviews and ratings of this charity?
The Johnson & Johnson Veba Trust For Union Employees is not currently rated by Charity Navigator. It does not meet the eligibility criteria for a rating due to its classification outside of the 501(c)(3) IRS registered nonprofit category. This absence of a rating is not an indication of poor performance but simply means the organization has not been evaluated under the available metrics.
The organization's lack of a 501(c)(3) status also means it is ineligible for evaluations based on Accountability & Finance, Impact & Measurement, Culture & Community, and Leadership & Adaptability beacons. Therefore, no comprehensive financial data or impact assessments are available for public review, making it challenging to gauge its operational effectiveness.
No user reviews are currently available on GreatNonprofits, which limits insight into the community's perception of the trust's effectiveness and impact. This gap further underscores the difficulty in evaluating the trust based on the available data.
This AI summary has been generated from information found on Charity Navigator.
Is Johnson & Johnson Veba Trust For Union Employees legitimate?
Johnson & Johnson Veba Trust For Union Employees is a legitimate nonprofit organization registered as a 501(c)(9) entity. Johnson & Johnson Veba Trust For Union Employees 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: $2,013
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Johnson & Johnson Veba Trust For Union Employees?
The Johnson & Johnson Veba Trust for Union Employees was established to provide funding, pay benefits, and cover administrative expenses for eligible hourly employees and their dependents. This trust comes into effect for those enrolled in certain medical plans offered by Johnson & Johnson and its affiliated companies, as per collective bargaining agreements. The primary objective of the trust is to ensure the financial support and wellbeing of eligible employees by managing and distributing the necessary resources. The trust's activities include financing healthcare benefits and administrative costs related to the medical plans. By doing so, it enables the hourly employees and their dependents to access essential healthcare services, enabling them to maintain their overall well-being.
Who is the CEO of Johnson & Johnson Veba Trust For Union Employees?
Melissa Ford is the Institutional Trustee of Johnson & Johnson Veba Trust For Union Employees.
What is the revenue of Johnson & Johnson Veba Trust For Union Employees?
Johnson & Johnson Veba Trust For Union Employees's revenue in 2022 was $13,585,971.
Who are the executives of Johnson & Johnson Veba Trust For Union Employees and what are their salaries?
There is 1 key member and their salary:
- Compensation: $2,013
- Related: $0
- Other: $0
Where can I find the form 990 for Johnson & Johnson Veba Trust For Union Employees?
Johnson & Johnson Veba Trust For Union Employees's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Johnson & Johnson Veba Trust For Union Employees
The Johnson & Johnson Veba Trust For Union Employees, a vital organization, has been established and maintained to ensure the funding, payment of benefits, and administration of expenses for eligible hourly employees and their dependent family members. These individuals are participants in certain medical plans overseen by Johnson & Johnson and its affiliated companies, as outlined in collective bargaining agreements.
The primary role of the Johnson & Johnson Veba Trust For Union Employees is to provide financial support for the medical benefits and administrative expenses of eligible union workers and their enrolled dependents. This commitment is essential, enabling these employees to access necessary medical care and maintain their overall wellbeing. The Trust's mission is driven by its dedication to upholding the terms of the collective bargaining agreements, ensuring fairness and stability for those it serves.
In essence, the Johnson & Johnson Veba Trust For Union Employees acts as a safety net, safeguarding the health and financial security of eligible hourly employees and their families. Through its unwavering commitment to honoring its obligations under collective bargaining agreements, the Trust plays a pivotal role in fostering a strong and productive workforce by ensuring access to essential medical benefits.
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Impact
October, 2024
The Johnson & Johnson Veba Trust for Union Employees plays a crucial role in providing financial support for eligible hourly employees and their dependents who participate in specific medical plans associated with Johnson & Johnson and its affiliates. By funding and paying benefits, along with administrative expenses, the Trust ensures that these employees have access to necessary healthcare resources and support.
This initiative, established under collective bargaining agreements, strengthens the safety net for workers, promoting their well-being and security. The Trust not only alleviates financial burdens related to medical expenses but also fosters a sense of mutual benefit and support within the workforce, thereby enhancing employee satisfaction and loyalty. It reinforces the commitment of Johnson & Johnson to maintain a supportive environment for its employees, particularly those represented by unions, ultimately contributing to a more stable and engaged workforce.
This information is meant to be a general summary of Johnson & Johnson Veba Trust For Union Employees. 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: $22,984
- Program Service Revenue: $13,562,987
- Gross Receipts: $13,585,971
Assets and Liabilities:
- Total Assets: $2,441,806
- Total Liabilities: $0
- Net Assets: $2,441,806
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYEE/EMPLOYER CONTRIBUTIONS
Revenue
$13,562,987
Organization Details
Founding Year
1988
Phone
(617) 662-2119Principal Officer
Melissa Ford
Main Address
1200 CROWN COLONY DRIVE, QUINCY, MA, 02169
NTEE Category
Code: Y40 - Mutual benefit
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