Jpmorgan Chase Veba Trust For Active Employees
Jpmorgan Chase Veba Trust consistently allocates nearly all revenue to employee benefits with no officer compensation.
EIN: 133093382 · Jersey City, NJ · NTEE: Y43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.5B |
| Total Expenses | $2.4B |
| Program Spending | 100% |
| Net Assets | $25.0M |
| Transparency Score | 98/100 |
Is Jpmorgan Chase Veba Trust For Active Employees Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jpmorgan Chase Veba Trust For Active Employees directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jpmorgan Chase Veba Trust For Active Employees
Jpmorgan Chase Veba Trust For Active Employees (EIN: 133093382) is a nonprofit organization based in Jersey City, NJ, classified under NTEE code Y43. The organization reported total revenue of $3.5B and total assets of $5.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jpmorgan Chase Veba Trust For Active Employees's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jpmorgan Chase Veba Trust For Active Employees is a major nonprofit that has been operating for 38 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4B |
| Total Expenses | $2.4B |
| Surplus / Deficit | +$2.8M |
| Total Assets | $25.0M |
| Net Assets | $25.0M |
| Operating Margin | 0.1% |
| Months of Reserves | 0.1 months |
Financial Health Grade: A
In 2023, Jpmorgan Chase Veba Trust For Active Employees reported a surplus of $2.8M with revenue exceeding expenses, holds 0.1 months of operating reserves (limited).
Financial Trends
Over 12 years of filings (2011–2023), Jpmorgan Chase Veba Trust For Active Employees's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.9% | +18.7% | +19.7% |
| 2021 | +13.4% | +14.3% | -1.7% |
| 2020 | -11.3% | -12.0% | +190.7% |
| 2019 | +2.1% | +1.3% | +4.6% |
| 2018 | +7.8% | +8.8% | -69.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Jpmorgan Chase Veba Trust For Active Employees with a Mission Score of 98 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Jpmorgan Chase Veba Trust For Active Employees allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.8M, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the trust's management is either uncompensated or compensated through other means not reported on the 990, or that its operational structure does not involve traditional executive salaries from the trust's funds.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Jpmorgan Chase Veba Trust For Active Employees:
- 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.
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 legitimate. Mission Score: 98/100. 0 red flags identified, 5 strengths noted.
How does Jpmorgan Chase Veba Trust For Active Employees spend its money?
Jpmorgan Chase Veba Trust For Active Employees directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Jpmorgan Chase Veba Trust For Active Employees tax-deductible?
Jpmorgan Chase Veba Trust For Active Employees is registered as a tax-exempt nonprofit (EIN: 133093382). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Jpmorgan Chase Veba Trust For Active Employees compare to similar nonprofits?
With a transparency score of 98/100 (Excellent), Jpmorgan Chase Veba Trust For Active Employees is above average for NTEE category Y43 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Jpmorgan Chase Veba Trust For Active Employees located?
Jpmorgan Chase Veba Trust For Active Employees is headquartered in Jersey City, New Jersey and files with the IRS under EIN 133093382. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Jpmorgan Chase Veba Trust For Active Employees have?
Jpmorgan Chase Veba Trust For Active Employees has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.5B in total revenue.
Is Jpmorgan Chase Veba Trust For Active Employees a good charity?
As an employee welfare organization (VEBA trust), its 'goodness' is measured by its efficiency in delivering benefits to its members. Given its near 100% program spending and 0% officer compensation, it is highly effective in its stated purpose.
How does the trust manage to have 0% officer compensation?
The 0% officer compensation reported on the 990s suggests that any administrative or oversight roles are either uncompensated, handled by employees of the sponsoring entity (JPMorgan Chase) whose compensation is not borne by the trust, or compensated through other mechanisms not disclosed on the public 990 form.
What is the purpose of a VEBA trust like this one?
A VEBA (Voluntary Employees' Beneficiary Association) trust is established to provide welfare benefits to employees and their dependents, such as health, life, and disability benefits. The Jpmorgan Chase Veba Trust For Active Employees specifically serves active employees of JPMorgan Chase.
Filing History
IRS 990 filing history for Jpmorgan Chase Veba Trust For Active Employees showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Jpmorgan Chase Veba Trust For Active Employees's revenue has grown by 48.1%, moving from $1.6B to $2.4B. Total assets increased by 70.7% over the same period, from $14.6M to $25.0M. Total functional expenses rose by 46.7%, from $1.6B to $2.4B. In its most recent filing year (2023), Jpmorgan Chase Veba Trust For Active Employees reported a surplus of $2.8M, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4B | $2.4B | $25.0M | $0 | — | — |
| 2021 | $2.0B | $2.0B | $20.9M | $0 | — | View 990 |
| 2020 | $1.8B | $1.8B | $21.3M | $0 | — | — |
| 2019 | $2.0B | $2.0B | $7.3M | $0 | — | View 990 |
| 2018 | $2.0B | $2.0B | $7.0M | $0 | — | View 990 |
| 2017 | $1.8B | $1.8B | $22.5M | $0 | — | View 990 |
| 2016 | $1.8B | $1.8B | $20.6M | $0 | — | View 990 |
| 2015 | $1.8B | $1.8B | $12.4M | $0 | — | View 990 |
| 2014 | $1.9B | $1.9B | $23.3M | $0 | — | View 990 |
| 2013 | $1.8B | $1.8B | $23.8M | $0 | — | View 990 |
| 2012 | $1.7B | $1.7B | $10.5M | $0 | — | View 990 |
| 2011 | $1.6B | $1.6B | $14.6M | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4B, expenses of $2.4B, and assets of $25.0M (revenue +18.9% year-over-year).
- 2021: Revenue of $2.0B, expenses of $2.0B, and assets of $20.9M (revenue +13.4% year-over-year).
- 2020: Revenue of $1.8B, expenses of $1.8B, and assets of $21.3M (revenue -11.3% year-over-year).
- 2019: Revenue of $2.0B, expenses of $2.0B, and assets of $7.3M (revenue +2.1% year-over-year).
- 2018: Revenue of $2.0B, expenses of $2.0B, and assets of $7.0M (revenue +7.8% year-over-year).
- 2017: Revenue of $1.8B, expenses of $1.8B, and assets of $22.5M (revenue +0.7% year-over-year).
- 2016: Revenue of $1.8B, expenses of $1.8B, and assets of $20.6M (revenue -0.3% year-over-year).
- 2015: Revenue of $1.8B, expenses of $1.8B, and assets of $12.4M (revenue -2.6% year-over-year).
- 2014: Revenue of $1.9B, expenses of $1.9B, and assets of $23.3M (revenue +4.2% year-over-year).
- 2013: Revenue of $1.8B, expenses of $1.8B, and assets of $23.8M (revenue +4.9% year-over-year).
- 2012: Revenue of $1.7B, expenses of $1.7B, and assets of $10.5M (revenue +5.1% year-over-year).
- 2011: Revenue of $1.6B, expenses of $1.6B, and assets of $14.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jpmorgan Chase Veba Trust For Active Employees:
Data Sources and Methodology
This transparency report for Jpmorgan Chase Veba Trust For Active Employees is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.