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The Johnson & Johnson Voluntary Employee Benefit Trust

Organization summary

Type of Nonprofit

Designated as a Voluntary employees' beneficiary associations, which provide payment of life, sickness, accident or other benefits to members.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$1.06B (2023)

Expenses
$1.05B (2023)

Total Assets
$74.1M (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,055,661,335
Expenses
$1,051,523,611
Net Income
$4,137,724
Net Assets
$74,121,126
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,041,136,677
98.6%
Investment Income $2,292,933
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $12,231,725
1.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $28,691
0.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $74,121,126
Total Liabilities $0
Net Assets $74,121,126
Compensation
Key Employees and Officers Compensation Related Other
State Street Bank (Institutional Trustee) $28,691 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,012,290,905
Expenses
$990,878,026
Net Income
$21,412,879
Net Assets
$78,814,743
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,007,114,811
99.5%
Investment Income $652,767
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $4,523,327
0.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $32,351
0.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $78,814,743
Total Liabilities $0
Net Assets $78,814,743
Compensation
Key Employees and Officers Compensation Related Other
State Street Bank (Institutional Trustee) $32,351 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$916,950,992
Expenses
$967,316,564
Net Income
-$50,365,572
Net Assets
$67,542,848
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $915,272,618
99.8%
Investment Income $284,280
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,394,094
0.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $52,211
0.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $67,542,848
Total Liabilities $0
Net Assets $67,542,848
Compensation
Key Employees and Officers Compensation Related Other
State Street Bank (Institutional Trustee) $52,211 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$850,518,474
Expenses
$863,047,771
Net Income
-$12,529,297
Net Assets
$114,216,981
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $841,698,487
99.0%
Investment Income $863,150
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $7,956,837
0.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $30,771
0.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $114,396,981
Total Liabilities $180,000
Net Assets $114,216,981
Compensation
Key Employees and Officers Compensation Related Other
State Street Bank (Institutional Trustee) $30,771 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$837,838,196
Expenses
$908,132,709
Net Income
-$70,294,513
Net Assets
$129,184,982
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $830,392,682
99.1%
Investment Income $3,288,866
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $4,156,648
0.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $59,530
0.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $129,671,480
Total Liabilities $486,498
Net Assets $129,184,982
Compensation
Key Employees and Officers Compensation Related Other
State Street Bank (Institutional Trustee) $59,530 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$760,543,242
Expenses
$851,360,251
Net Income
-$90,817,009
Net Assets
$195,605,470
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $751,624,776
98.8%
Investment Income $4,141,203
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $4,777,263
0.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $195,610,146
Total Liabilities $4,676
Net Assets $195,605,470
Compensation
Key Employees and Officers Compensation Related Other
State Street Bank (Institutional Trustee) $17,718 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$973,119,474
Expenses
$788,506,666
Net Income
$184,612,808
Net Assets
$293,404,990
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $964,414,602
99.1%
Investment Income $8,704,872
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $293,410,080
Total Liabilities $5,090
Net Assets $293,404,990

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$719,056,809
Expenses
$752,272,823
Net Income
-$33,216,014
Net Assets
$108,792,182
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $714,284,015
99.3%
Investment Income $4,772,794
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $108,828,220
Total Liabilities $36,038
Net Assets $108,792,182

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$731,339,892
Expenses
$736,004,570
Net Income
-$4,664,678
Net Assets
$142,008,196
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $730,871,823
99.9%
Investment Income $468,069
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $142,214,495
Total Liabilities $206,299
Net Assets $142,008,196

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$700,984,999
Expenses
$713,117,437
Net Income
-$12,132,438
Net Assets
$146,672,874
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $694,689,422
99.1%
Investment Income $6,295,577
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $147,114,326
Total Liabilities $441,452
Net Assets $146,672,874

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$636,513,856
Expenses
$667,380,052
Net Income
-$30,866,196
Net Assets
$159,169,312
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $621,710,814
97.7%
Investment Income $14,803,042
2.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $159,640,182
Total Liabilities $470,870
Net Assets $159,169,312

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$696,482,521
Expenses
$666,348,078
Net Income
$30,134,443
Net Assets
$190,035,508
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $688,533,805
98.9%
Investment Income $7,948,716
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $190,558,087
Total Liabilities $522,579
Net Assets $190,035,508

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$599,123,005
Expenses
$604,822,275
Net Income
-$5,699,270
Net Assets
$129,901,065
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $598,163,682
99.8%
Investment Income $959,323
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $144,986,745
Total Liabilities $15,085,680
Net Assets $129,901,065

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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