Is Jpmorgan Chase Veba Trust For Active Employees Legit?
Quick charity verification for Jpmorgan Chase Veba Trust For Active Employees (EIN: 133093382)
Verdict: Jpmorgan Chase Veba Trust For Active Employees appears trustworthy
98/100Mission Score
$3.5BRevenue
$5.9MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistently high program spending (nearly 100% of expenses directed to benefits).
No reported officer compensation, indicating efficient use of funds for its beneficiaries.
Strong financial stability with billions in revenue and no reported liabilities across multiple years.
Consistent and transparent IRS 990 filing history (12 filings).
Healthy asset base, reaching $25,002,320 in 2023, with no liabilities.
Spending Breakdown
How Jpmorgan Chase Veba Trust For Active Employees allocates its funds across programs, administration, and fundraising.
100%
Program Spending
Healthy — majority goes to mission
0%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Jpmorgan Chase Veba Trust For Active Employees
Is Jpmorgan Chase Veba Trust For Active Employees a legitimate charity?
Based on AI analysis of IRS 990 filings, Jpmorgan Chase Veba Trust For Active Employees (EIN: 133093382) appears trustworthy. Mission Score: 98/100. 0 red flags identified, 5 strengths noted.
Is Jpmorgan Chase Veba Trust For Active Employees a good charity to donate to?
Jpmorgan Chase Veba Trust For Active Employees has a Mission Score of 98/100. Revenue: $3.5B. Assets: $5.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Jpmorgan Chase Veba Trust For Active Employees?
The Employer Identification Number (EIN) for Jpmorgan Chase Veba Trust For Active Employees is 133093382. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Jpmorgan Chase Veba Trust For Active Employees spend its money?
Jpmorgan Chase Veba Trust For Active Employees allocates 100% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Jpmorgan Chase Veba Trust For Active Employees's tax-exempt status?
You can verify Jpmorgan Chase Veba Trust For Active Employees's tax-exempt status using EIN 133093382 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Jpmorgan Chase Veba Trust For Active Employees operates as a significant financial entity, managing substantial revenue streams primarily for the benefit of active employees, as indicated by its NTEE code Y43 (Employee Welfare Organizations). Its financial health appears stable, with revenues consistently in the billions of dollars over the past decade. For instance, in 2023, it reported revenues of $2.42 billion against expenses of $2.42 billion, demonstrating a near break-even operational model typical for a trust of this nature. The trust consistently maintains a healthy asset base, reaching $25 million in 2023, with no reported liabilities, which is a strong indicator of financial stability and responsible management.
Spending efficiency is exceptionally high, as nearly all expenses are directly related to its program services – providing benefits to active employees. The nature of a VEBA trust means that administrative and fundraising costs are inherently minimal or non-existent, as its funding comes from the sponsoring employer and its purpose is clearly defined. This results in virtually 100% of its expenditures going towards its intended beneficiaries. The consistent reporting of 0% officer compensation further underscores its efficiency and focus on its primary mission.
Transparency is robust, with a consistent history of IRS 990 filings over 12 periods, making its financial data readily available. The absence of liabilities and officer compensation simplifies its financial structure, making it easier to understand its operations. The trust's financial statements reflect a clear and direct flow of funds from revenue to program expenses, aligning perfectly with its stated purpose as an employee welfare organization.