The Johnson & Johnson Voluntary Employee Benefit Trust
Johnson & Johnson Voluntary Employee Benefit Trust consistently disburses nearly all revenue for benefits with zero officer compensation.
EIN: 136371976 · Quincy, MA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1B |
| Total Expenses | $1.1B |
| Program Spending | 99% |
| Net Assets | $74.1M |
| Transparency Score | 95/100 |
Is The Johnson & Johnson Voluntary Employee Benefit Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Johnson & Johnson Voluntary Employee Benefit Trust directs 99% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Johnson & Johnson Voluntary Employee Benefit Trust
The Johnson & Johnson Voluntary Employee Benefit Trust (EIN: 136371976) is a nonprofit organization based in Quincy, MA. The organization reported total revenue of $1.1B and total assets of $63.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Johnson & Johnson Voluntary Employee Benefit Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Johnson & Johnson Voluntary Employee Benefit Trust is a major nonprofit that has been operating for 54 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1B |
| Total Expenses | $1.1B |
| Surplus / Deficit | +$4.1M |
| Total Assets | $74.1M |
| Net Assets | $74.1M |
| Operating Margin | 0.4% |
| Months of Reserves | 0.8 months |
Financial Health Grade: A
In 2023, The Johnson & Johnson Voluntary Employee Benefit Trust reported a surplus of $4.1M with revenue exceeding expenses, holds 0.8 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), The Johnson & Johnson Voluntary Employee Benefit Trust's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.3% | +6.1% | -6.0% |
| 2022 | +10.4% | +2.4% | +16.7% |
| 2021 | +7.8% | +12.1% | -41.0% |
| 2020 | +1.5% | -5.0% | -11.8% |
| 2019 | +10.2% | +6.7% | -33.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1972 |
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 The Johnson & Johnson Voluntary Employee Benefit Trust with a Mission Score of 95 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: 1%
- programs: 99%
- fundraising: 0%
According to IRS 990 filings, The Johnson & Johnson Voluntary Employee Benefit Trust allocates its expenses as follows: admin: 1%, programs: 99%, fundraising: 0%. With 99% 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 $4.1M, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation from the trust, which is highly unusual for an organization of this scale and suggests administrative costs are covered elsewhere or by the parent company.
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.
Red Flags
The following concerns were identified during AI analysis of The Johnson & Johnson Voluntary Employee Benefit Trust's IRS 990 filings:
- NTEE code is unknown, which limits understanding of its specific charitable classification beyond being a benefit trust.
Strengths
The following positive indicators were identified for The Johnson & Johnson Voluntary Employee Benefit Trust:
- Consistently high program spending ratio, with expenses closely matching revenue (e.g., 2023: $1,051,523,611 expenses vs. $1,055,661,335 revenue).
- Zero officer compensation reported across all filings, indicating highly efficient use of funds for its stated purpose.
- Zero liabilities reported in recent years (2021-2023), demonstrating strong financial health and management of obligations.
- Robust revenue exceeding $1 billion in recent years, indicating significant scale and capacity to provide benefits.
- Extensive filing history (13 filings) demonstrating consistent transparency and compliance.
Frequently Asked Questions about The Johnson & Johnson Voluntary Employee Benefit Trust
Is The Johnson & Johnson Voluntary Employee Benefit Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, The Johnson & Johnson Voluntary Employee Benefit Trust (EIN: 136371976) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does The Johnson & Johnson Voluntary Employee Benefit Trust spend its money?
The Johnson & Johnson Voluntary Employee Benefit Trust directs 99% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Johnson & Johnson Voluntary Employee Benefit Trust tax-deductible?
The Johnson & Johnson Voluntary Employee Benefit Trust is registered as a tax-exempt nonprofit (EIN: 136371976). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Johnson & Johnson Voluntary Employee Benefit Trust located?
The Johnson & Johnson Voluntary Employee Benefit Trust is headquartered in Quincy, Massachusetts and files with the IRS under EIN 136371976.
How many years of IRS 990 filings does The Johnson & Johnson Voluntary Employee Benefit Trust have?
The Johnson & Johnson Voluntary Employee Benefit Trust has 13 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 $1.1B in total revenue.
How does the trust manage its administrative costs if officer compensation is consistently zero?
The consistent reporting of 0% officer compensation suggests that administrative functions, including executive oversight, are likely supported by Johnson & Johnson directly, rather than being funded through the trust's own revenue. This arrangement would allow the trust's funds to be almost entirely dedicated to employee benefits.
What is the nature of the 'benefits' provided by this trust?
As a Voluntary Employee Benefit Trust (VEBT), it typically provides health, welfare, or other benefits to employees. The specific types of benefits are not detailed in the provided financial summary but are the core programmatic activity of such an entity.
Why did assets decrease significantly from 2018 ($195M) to 2023 ($74M)?
The decrease in assets could be due to several factors, including a strategic decision to hold fewer reserves, increased benefit payouts exceeding investment returns, or changes in investment strategy. Given the trust's purpose, it's common for assets to fluctuate based on benefit obligations and market performance.
Filing History
IRS 990 filing history for The Johnson & Johnson Voluntary Employee Benefit Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Johnson & Johnson Voluntary Employee Benefit Trust's revenue has grown by 76.2%, moving from $599.1M to $1.1B. Total assets decreased by 48.9% over the same period, from $145.0M to $74.1M. Total functional expenses rose by 73.9%, from $604.8M to $1.1B. In its most recent filing year (2023), The Johnson & Johnson Voluntary Employee Benefit Trust reported a surplus of $4.1M, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1B | $1.1B | $74.1M | $0 | — | — |
| 2022 | $1.0B | $990.9M | $78.8M | $0 | — | — |
| 2021 | $917.0M | $967.3M | $67.5M | $0 | — | View 990 |
| 2020 | $850.5M | $863.0M | $114.4M | $180K | — | — |
| 2019 | $837.8M | $908.1M | $129.7M | $486K | — | View 990 |
| 2018 | $760.5M | $851.4M | $195.6M | $5K | — | View 990 |
| 2017 | $973.1M | $788.5M | $293.4M | $5K | — | View 990 |
| 2016 | $719.1M | $752.3M | $108.8M | $36K | — | View 990 |
| 2015 | $731.3M | $736.0M | $142.2M | $206K | — | View 990 |
| 2014 | $701.0M | $713.1M | $147.1M | $441K | — | View 990 |
| 2013 | $636.5M | $667.4M | $159.6M | $471K | — | View 990 |
| 2012 | $696.5M | $666.3M | $190.6M | $523K | — | View 990 |
| 2011 | $599.1M | $604.8M | $145.0M | $15.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1B, expenses of $1.1B, and assets of $74.1M (revenue +4.3% year-over-year).
- 2022: Revenue of $1.0B, expenses of $990.9M, and assets of $78.8M (revenue +10.4% year-over-year).
- 2021: Revenue of $917.0M, expenses of $967.3M, and assets of $67.5M (revenue +7.8% year-over-year).
- 2020: Revenue of $850.5M, expenses of $863.0M, and assets of $114.4M (revenue +1.5% year-over-year).
- 2019: Revenue of $837.8M, expenses of $908.1M, and assets of $129.7M (revenue +10.2% year-over-year).
- 2018: Revenue of $760.5M, expenses of $851.4M, and assets of $195.6M (revenue -21.8% year-over-year).
- 2017: Revenue of $973.1M, expenses of $788.5M, and assets of $293.4M (revenue +35.3% year-over-year).
- 2016: Revenue of $719.1M, expenses of $752.3M, and assets of $108.8M (revenue -1.7% year-over-year).
- 2015: Revenue of $731.3M, expenses of $736.0M, and assets of $142.2M (revenue +4.3% year-over-year).
- 2014: Revenue of $701.0M, expenses of $713.1M, and assets of $147.1M (revenue +10.1% year-over-year).
- 2013: Revenue of $636.5M, expenses of $667.4M, and assets of $159.6M (revenue -8.6% year-over-year).
- 2012: Revenue of $696.5M, expenses of $666.3M, and assets of $190.6M (revenue +16.3% year-over-year).
- 2011: Revenue of $599.1M, expenses of $604.8M, and assets of $145.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Johnson & Johnson Voluntary Employee Benefit Trust:
Data Sources and Methodology
This transparency report for The Johnson & Johnson Voluntary Employee Benefit Trust 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.