JPMORGAN CHASE VEBA TRUST FOR ACTIVE EMPLOYEES
JERSEY CITY, NJ 07310 · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $2,864,820,791 | $2,883,902,380 | $5,920,731 |
| FY2023 | $2,419,485,515 | $2,416,674,400 | $25,002,320 |
| FY2021 | $2,034,990,193 | $2,035,359,453 | $20,882,839 |
| FY2020 | $1,794,686,095 | $1,780,743,750 | $21,252,099 |
| FY2019 | $2,023,173,181 | $2,022,850,914 | $7,309,754 |
| FY2018 | $1,980,654,341 | $1,996,192,587 | $6,987,068 |
| FY2017 | $1,836,897,736 | $1,834,950,336 | $22,525,524 |
| FY2016 | $1,823,788,499 | $1,815,622,968 | $20,578,334 |
| FY2015 | $1,828,772,652 | $1,839,636,224 | $12,405,463 |
| FY2014 | $1,878,172,149 | $1,878,659,748 | $23,272,422 |
| FY2013 | $1,802,160,670 | $1,788,900,483 | $23,760,033 |
| FY2012 | $1,718,321,280 | $1,722,134,292 | $10,499,855 |
| FY2011 | $1,634,176,884 | $1,647,110,438 | $14,642,657 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $2,864,306,239 | 100% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2024.
- Net assets covered about 0 months of expenses at the end of the reporting year. That puts it in the 1st percentile among 331 Mutual & Membership Benefit organizations in NJ.
- Total revenue was higher than 100.3% of 334 Mutual & Membership Benefit organizations in NJ.
- Total revenue rose from $1,634,176,884 in FY2011 to $2,864,820,791 in FY2024, Revenue increased in 9 and decreased in 3 of 12 year-over-year comparisons.
- Expenses exceeded revenue in 7 of 13 reported years (FY2011, FY2012, FY2014, FY2015, FY2018, FY2021, FY2024).
- Net assets declined from $14,642,657 to $5,920,731 between FY2011 and FY2024.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
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.
IRS status
| Ruling year | 1988 |
| Subsection | 501(c)(9) |
| Program area (NTEE) | Y43 — Mutual & Membership Benefit |
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.