Jpmorganchase Voluntary Employees Benef Associati Trust For Retirees
98% goes to programs Strong reserves Declining revenue
Jpmorganchase Voluntary Employees Benef Associati Trust For Retirees is a 501(c)(9) organization based in Jersey City, New Jersey, registered in 2003, with $21,601,209 in FY2024 revenue. CharityIndex grades it C, and it directs about 98% of spending to programs.
545 Washington Blvd 12th Fl, Jersey City, NJ, 07310 EIN 30-0147180 Since 2003
Revenue (FY2024)
$21.6M
▼ 3.5% vs prior year
Membership median: $185K
Expenses (FY2024)
$47.3M
Net assets
$373.4M
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
A+Program efficiency40% of the rating98% 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 Jpmorganchase Voluntary Employees Benef Associati Trust For Retirees: 98% to programs earns a A+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating95 mo reserves · -119% 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 Jpmorganchase Voluntary Employees Benef Associati Trust For Retirees: 95 mo reserves · -119% margin earns a F 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 Jpmorganchase Voluntary Employees Benef Associati Trust For Retirees: 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 Jpmorganchase Voluntary Employees Benef Associati Trust For Retirees: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The primary exempt purpose of the trust is to provide life insurance, medical, and/or other benefits for certain jpmorgan chase retirees 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 declined from $143.1M (FY2013) to $21.6M (FY2024) across 4 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $146KNet assets $373.4M
Operating margin
-119.0%
Spent more than it raised in the latest fiscal year.
Total assets
$373.5M
Total liabilities
$146K
Net assets
$373.4M
Salaries & benefits
$0
0% of expenses
Board members
1
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $21,601,209▼3.5% | $47,299,102▼5.6% | $373,366,351▼7.5% | $373,512,187▼7.8% | 990 |
| 2023 | $22,376,663▼28.6% | $50,095,181▼15.9% | $403,698,204▼27.1% | $405,132,595▼26.9% | 990 |
| 2020 | $31,325,918▼78.1% | $59,531,546▼58.4% | $554,099,275▲4813% | $554,518,636▲4817% | 990 |
| 2013 | $143,136,700 | $143,180,012▼3.6% | $11,277,657▲0.6% | $11,277,657▲0.6% | 990 |
| 2012 | — | $148,540,047 | $11,206,064 | $11,206,064 | 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 | 0 | — |
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Compare Jpmorganchase Voluntary Employees Benef Associati Trust For Retirees
Frequently asked questions
- Is Jpmorganchase Voluntary Employees Benef Associati Trust For Retirees a legitimate nonprofit?
- Yes. Jpmorganchase Voluntary Employees Benef Associati Trust For Retirees is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 30-0147180, based in Jersey City, New Jersey.
- What is Jpmorganchase Voluntary Employees Benef Associati Trust For Retirees's EIN?
- Jpmorganchase Voluntary Employees Benef Associati Trust For Retirees's Employer Identification Number (EIN) is 30-0147180.
- How much revenue does Jpmorganchase Voluntary Employees Benef Associati Trust For Retirees report?
- Jpmorganchase Voluntary Employees Benef Associati Trust For Retirees reported $21,601,209 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Jpmorganchase Voluntary Employees Benef Associati Trust For Retirees's spending goes to programs?
- Jpmorganchase Voluntary Employees Benef Associati Trust For Retirees spends about 98% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Jpmorganchase Voluntary Employees Benef Associati Trust For Retirees have?
- CharityIndex grades Jpmorganchase Voluntary Employees Benef Associati Trust For Retirees C, based on program efficiency and fundraising cost.
- How much does Jpmorganchase Voluntary Employees Benef Associati Trust For Retirees's highest-paid employee make?
- The highest reported compensation on Jpmorganchase Voluntary Employees Benef Associati Trust For Retirees's latest Form 990 is $0, paid to Jpmorgan Chase Bank Na (Trustee).
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Data for Jpmorganchase Voluntary Employees Benef Associati Trust For Retirees (EIN 30-0147180) 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.