Johnson & Johnson Veba Trust For Union Employees

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 521610806 ✦ Quincy, MA ✦ Designated as a 501(c)(9)

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.


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 not tax deductible.

Here 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?
Who is the CEO of Johnson & Johnson Veba Trust For Union Employees?
What is the revenue of Johnson & Johnson Veba Trust For Union Employees?
Who are the executives of Johnson & Johnson Veba Trust For Union Employees and what are their salaries?
Where can I find the form 990 for Johnson & Johnson Veba Trust For Union Employees?

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.

Impact

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.




Thursday, August 15, 2024

Johnson & Johnson Veba Trust For Union Employees has a significant impact on eligible hourly employees and their enrolled dependents by providing a means of funding, paying benefits, and covering administrative expenses for certain medical plans maintained by J&J and its affiliated companies. This trust, established through collective bargaining agreements, ensures that participants have access to essential medical coverage and support. Its mission to support the well-being of union employees demonstrates a commitment to mutual benefit and the overall health and welfare of its members.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

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
  • 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

    Principal Officer

    Melissa Ford

    Main Address

    1200 CROWN COLONY DRIVE, QUINCY, MA, 02169

    NTEE Category

    Code: Y40 - Mutual benefit

    If you are a representative of Johnson & Johnson Veba Trust For Union Employees and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.