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
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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?
- State Street Bank (Institutional Trustee)
Where can I find the form 990 for Johnson & Johnson Veba Trust For Union Employees?
The 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.
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.
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.
EMPLOYEE/EMPLOYER CONTRIBUTIONS
Revenue
$13,562,987
Organization Details
Founding Year
1988
Phone
(617) 662-2119
Principal Officer
Melissa Ford
Main Address
1200 CROWN COLONY DRIVE, QUINCY, MA, 02169
NTEE Category
Code: Y40 - Mutual benefit
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