Overview
What is Johnson & Johnson Group Life Benefit Trust?
Johnson & Johnson Group Life Benefit Trust is a nonprofit entity established to provide financial support, pay benefits, and manage administrative expenses for eligible salaried and other employees, along with their dependents, participating in Johnson & Johnson's group life and accidental death & dismemberment insurance plans, and its affiliated companies. This trust serves as a crucial means of ensuring financial security for its participants in times of need.
Is Johnson & Johnson Group Life Benefit Trust legitimate?
Johnson & Johnson Group Life Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Johnson & Johnson Group Life Benefit 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: $16,808
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Johnson & Johnson Group Life Benefit Trust?
The Johnson & Johnson Group Life Benefit Trust has been established and is maintained to finance, provide benefits, and cover administrative expenses for eligible salaried and other employees (along with their dependent family members) participating in the group life and accidental death & dismemberment insurance plans managed by Johnson & Johnson and its affiliated companies. The trust's primary purpose is to ensure financial support and administrative assistance for these beneficiaries. It serves as a crucial resource for employees and their dependents who are enrolled in these insurance plans, offering them peace of mind and financial security during challenging times.
Who is the CEO of Johnson & Johnson Group Life Benefit Trust?
Neil Roache is the Principal Officer of Johnson & Johnson Group Life Benefit Trust.
What is the revenue of Johnson & Johnson Group Life Benefit Trust?
Johnson & Johnson Group Life Benefit Trust's revenue in 2022 was $44,600.
Who are the executives of Johnson & Johnson Group Life Benefit Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $16,808
- Related: $0
- Other: $0
Where can I find the form 990 for Johnson & Johnson Group Life Benefit Trust?
Johnson & Johnson Group Life Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Johnson & Johnson Group Life Benefit Trust
Johnson & Johnson Group Life Benefit Trust has been established and is maintained with the primary purpose of funding, providing benefits, and covering administrative expenses for eligible salaried and other employees, along with their dependent family members, who are participants in the group life and accidental death & dismemberment insurance plans managed by Johnson & Johnson and its affiliated companies. In simpler terms, this trust serves as a financial resource to ensure the continuation of life and accidental death benefits, as well as managing the related administrative costs, for the qualified employees and their dependents who are enrolled in the group insurance plans under Johnson & Johnson and its associated companies.
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Impact
October, 2024
The Johnson & Johnson Group Life Benefit Trust significantly impacts its eligible salaried employees and their enrolled dependents by providing financial security through structured benefits. This trust funds and administers group life and accidental death and dismemberment insurance plans, ensuring that participants have access to essential coverage during critical times. By covering administrative expenses and benefits payouts, the trust helps to alleviate the financial burdens that can arise from unexpected life events. This support not only fosters a sense of security among employees but also enhances overall morale and loyalty to the organization, contributing to a stable workforce. Through its operations in Glenrock, NJ, this trust plays a vital role in the well-being of its participants, facilitating peace of mind through comprehensive insurance solutions.
This information is meant to be a general summary of Johnson & Johnson Group Life Benefit 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: $44,600
- Gross Receipts: $44,600
Assets and Liabilities:
- Total Assets: $2,987,276
- Total Liabilities: $0
- Net Assets: $2,987,276
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Organization Details
Founding Year
1987
Phone
(732) 524-3323Principal Officer
Neil Roache
Main Address
209 HARRISTOWN ROAD, GLENROCK, NJ, 074513306
NTEE Category
Code: Y40 - Mutual benefit
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