Cause IQ organization profile

The Johnson & Johnson Voluntary Employee Benefit Trust

Form 990s | Financials | Peers

The Johnson & Johnson Voluntary Employee Benefit Trust is a health and welfare fund based in Quincy, MA that was founded in 1972. As of 2016 they had $731 million in revenue and $142 million in assets.

The veba has been established and maintained as a means of funding and paying benefits and administrative expenses for eligible salary employees (and their eligible and enrolled dependents) are participants in certain medical plans maintained by j&j ...

Previous legal names or variations of their name include: Johnson And Johnson Vol Employee Benefit Tr; Johnson And Johnson Veba Trust; Johnson And Johnson Voluntary Employee Benefit Trust; and Johnson And Johnson Voluntary Employee Benefit Tr.

EIN:
13-6371976
Location:
Quincy, MA
Type:
501(c)(9)
NTEE:
Y43: Voluntary Employees Beneficiary Associations Non-Government
Revenue:
$731,339,892
Assets:
$142,214,495
Employees:
0
Founded:
1972

Form 990s for The Johnson & Johnson Voluntary Employee Benefit Trust

Fiscal year endingDate received by IRSFormPDF link
2016-12Jun 5, 2017990O PDF
2015-12Jun 17, 2016990O PDF
2013-12May 20, 2014990O PDF
2012-12Apr 18, 2013990O PDF
2011-12Apr 11, 2012990O PDF
...and one more Form 990 PDF

Financials for The Johnson & Johnson Voluntary Employee Benefit Trust

Revenues

Field2015
Federated campaigns$0
Membership dues$0
Fundraising event contributions$0
Related organizations$0
Government grants (contributions)$0
Normal grants, contributions, etc.$0
Non-cash contributions$0
Program services$730,871,823
Investment income and dividends$468,069
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$731,339,892

Expenses

Field2015
Grants to govts. and orgs. in USA$0
Grants to individuals in USA$0
Grants to govts., orgs., and individuals outside USA$0
Benefits paid to or for members$701,929,671
Compensation of current officers, etc.$0
Compensation not included above, to disqualified persons$0
Non-officer salaries and wages$0
Pension/retirement accruals and contributions$0
Other employee benefits$0
Payroll taxes$0
Management fees$34,074,899
Legal fees$0
Accounting fees$0
Lobbying fees$0
Pro. fundraising fees$0
Investment mgmt fees$0
Other fee-for-service$0
Advertising and promotion$0
Office expenses$0
Information tech. expenses$0
Royalty expenses$0
Occupancy$0
Travel$0
Public official travel and entertainment$0
Conferences, meetings, etc.$0
Interest$0
Payments to affiliates$0
Depreciation, amortization, etc.$0
Insurance$0
All other expenses$0
Total expenses$736,004,570

Assets

Field2015
Cash (non-interest-bearing)$0
Savings, short-term investments, etc.$41,048,432
Pledges and grants receivable$0
Accounts receivable$0
Loans receivable from officers, directors, etc.$0
Loans receivable from other disqualified persons$0
Notes and loans receivable$0
Inventories for use$0
Prepaid expenses and deferred charges$0
Buildings, equipment, etc. post-depreciation$0
Investments, publicly traded securities$52,972,139
Investments, other securities$47,983,413
Investments, program-related$0
Intangible assets$0
Other assets$210,511
Total assets$142,214,495

Liabilities

Field2015
Accounts payable and accrued expenses$0
Grants payable$0
Deferred revenue$0
Tax-exempt bond liabilities$0
Escrow or custodial account liability$0
Loans payable to officers and disqualified persons$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other liabilities$206,295
Total liabilities$206,295

Net asset restrictions

Field2015
Unrestricted net assets$0
Temporarily restricted net assets$0
Permanently restricted net assets$0

Performance indicators

Field2015
Total margin-0.64%
Working capital$41,048,432
Current assets$41,048,432
Current liabilities$0
Days cash on hand20 days
Acid test liquidity ratio999.00

Peer health and welfare funds

 NameTypeRevenueLocation
1Zeba Trust501(c)(9)$351 millionFramingham, MA
2CHS Community Health Systems Inc Veba Trust (Bank of America Na Ttee)501(c)(9)$971 millionFranklin, TN
3United Technologies Corp Employees Benefit Plan Trust501(c)(9)$858 millionNew York, NY
4Christian Brothers Employee Benefit Trust501(c)(9)$255 millionRomeoville, IL
5Affiliated Computers Services Funded Welfare Benefit Plan501(c)(9)$267 millionFlorham Park, NJ
6Yale New Haven Health SRV Corp Vol Emp Benefit Assc Pl TR501(c)(9)$192 millionProvidence, RI
7Dutchess Educational Health Insurance Consortium501(c)(9)$186 millionPoughkeepsie, NY
8United States Steel Corporation Represented Retirees Benefit Trust501(c)(9)$426 millionPittsburgh, PA
9Ibm Corp Medical & Dental Benefits Plan TR P92435501(c)(9)$1.2 billionNew York, NY
10Amalgamated National Health Fund (Michael Hirsch)501(c)(9)$193 millionWhite Plains, NY
11Concordia Health Plan501(c)(9)$231 millionSaint Louis, MO
12Suntrust Banks Employee Benefit Trust501(c)(9)$233 millionAtlanta, GA
13Nationwide Insurance Companies & Affiliates Employee Health Care TR (Wolken Susan A & P Frenzer Etal Tte)501(c)(9)$426 millionColumbus, OH
14United States Steel Corporation Active Employee Insurance Benefits501(c)(9)$303 millionPittsburgh, PA
15General Electric Company Insurance Plan Trust Co V A Diamante501(c)(9)$2.0 billionStamford, CT
16Costco Wholesale Corporation Voluntary Employee Benefit TR501(c)(9)$953 millionIssaquah, WA
17Deseret Healthcare Employee Benefits Trust501(c)(9)$353 millionSalt Lake Cty, UT
18Shell Medical Plan (020011641401)501(c)(9)$571 millionPhoenix, AZ
19Usaa Employee Benefit Association Medical Acctive Lives Trust501(c)(9)$386 millionSan Antonio, TX
20Marsh & Mclennan Companies Employer Funded Welfare Benefit Trust501(c)(9)$234 millionLouisville, KY
21Association of Washington Cities Employees Benefit Trust (Glenn A Johnson Chairman)501(c)(9)$216 millionOlympia, WA
22Meijer Inc Employee Benefits Plan and Trust501(c)(9)$227 millionGrand Rapids, MI
23Microsoft Corporation 501C9 TR501(c)(9)$664 millionRedmond, WA
24Intel Corporation Health & Welfare Benefit Trust501(c)(9)$641 millionSanta Clara, CA
25Branch Banking & Trust Company Health Care Plan501(c)(9)$339 millionWinston Salem, NC

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