Jpmorgan Chase Veba Trust For Active Employees
96% goes to programs Thin reserves Growing revenue
Jpmorgan Chase Veba Trust For Active Employees is a 501(c)(9) organization based in Jersey City, New Jersey, registered in 1988, with $2,864,820,791 in FY2024 revenue. CharityIndex grades it C, and it directs about 96% of spending to programs.
545 Washington Blvd 12th Fl, Jersey City, NJ, 07310 EIN 13-3093382 Since 1988
Revenue (FY2024)
$2.9B
▲ 18.4% vs prior year
Membership median: $185K
Expenses (FY2024)
$2.9B
Net assets
$5.9M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating96% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Jpmorgan Chase Veba Trust For Active Employees: 96% to programs earns a A+ on this criterion. See the exact thresholds →
CFinancial health25% of the rating0 mo reserves · -1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Jpmorgan Chase Veba Trust For Active Employees: 0 mo reserves · -1% margin earns a C on this criterion. See the exact thresholds →
FGovernance25% of the rating0 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Jpmorgan Chase Veba Trust For Active Employees: 0 of 6 checks met earns a F on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Jpmorgan Chase Veba Trust For Active Employees: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
The primary exempt purpose of the veba trust is to provide life insurance, medical, and/or other benefits for certain jpmorgan chase active employees and their eligible dependents.
Contact & location
- Address
- 545 Washington Blvd 12th Fl, Jersey City, NJ, 07310
- City
- Jersey City
- State
- New Jersey
- Category
- Mutual & Membership Benefit
- Subcategory
- Fraternal Societies
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $1.8B (FY2013) to $2.9B (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $5.9M
Operating margin
-0.7%
Spent more than it raised in the latest fiscal year.
Total assets
$5.9M
Total liabilities
$0
Net assets
$5.9M
Salaries & benefits
$0
0% of expenses
Board members
1
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,864,820,791▲18.4% | $2,883,902,380▲19.3% | $5,920,731▼76.3% | $5,920,731▼76.3% | 990 |
| 2023 | $2,419,485,515▲18.9% | $2,416,674,400▲18.7% | $25,002,320▲19.7% | $25,002,320▲19.7% | 990 |
| 2021 | $2,034,990,193▲13.4% | $2,035,359,453▲14.3% | $20,882,839▼1.7% | $20,882,839▼1.7% | 990 |
| 2020 | $1,794,686,095▼0.4% | $1,780,743,750▼0.5% | $21,252,099▼10.6% | $21,252,099▼10.6% | 990 |
| 2013 | $1,802,160,670 | $1,788,900,483▲3.9% | $23,760,033▲126% | $23,760,033▲126% | 990 |
| 2012 | — | $1,722,134,292▲4.6% | $10,499,855▼28.3% | $10,499,855▼28.3% | 990 |
| 2011 | — | $1,647,110,438 | $14,642,657 | $14,649,653 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jpmorgan Chase Bank Na | Trustee | 40 | — |
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Frequently asked questions
- Is Jpmorgan Chase Veba Trust For Active Employees a legitimate nonprofit?
- Yes. Jpmorgan Chase Veba Trust For Active Employees is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 13-3093382, based in Jersey City, New Jersey.
- What is Jpmorgan Chase Veba Trust For Active Employees's EIN?
- Jpmorgan Chase Veba Trust For Active Employees's Employer Identification Number (EIN) is 13-3093382.
- How much revenue does Jpmorgan Chase Veba Trust For Active Employees report?
- Jpmorgan Chase Veba Trust For Active Employees reported $2,864,820,791 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Jpmorgan Chase Veba Trust For Active Employees's spending goes to programs?
- Jpmorgan Chase Veba Trust For Active Employees spends about 96% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Jpmorgan Chase Veba Trust For Active Employees have?
- CharityIndex grades Jpmorgan Chase Veba Trust For Active Employees C, based on program efficiency and fundraising cost.
- How much does Jpmorgan Chase Veba Trust For Active Employees's highest-paid employee make?
- The highest reported compensation on Jpmorgan Chase Veba Trust For Active Employees's latest Form 990 is $0, paid to Jpmorgan Chase Bank Na (Trustee).
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Data for Jpmorgan Chase Veba Trust For Active Employees (EIN 13-3093382) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.