THE JOHNSON & JOHNSON VOLUNTARY EMPLOYEE BENEFIT TRUST
CHICAGO, IL 60604 · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $1,203,786,930 | $1,226,904,723 | $39,744,836 |
| FY2024 | $1,088,498,985 | $1,100,244,860 | $63,455,566 |
| FY2023 | $1,055,661,335 | $1,051,523,611 | $74,121,126 |
| FY2022 | $1,012,290,905 | $990,878,026 | $78,814,743 |
| FY2021 | $916,950,992 | $967,316,564 | $67,542,848 |
| FY2020 | $850,518,474 | $863,047,771 | $114,216,981 |
| FY2019 | $837,838,196 | $908,132,709 | $129,184,982 |
| FY2018 | $760,543,242 | $851,360,251 | $195,605,470 |
| FY2017 | $973,119,474 | $788,506,666 | $293,404,990 |
| FY2016 | $719,056,809 | $752,272,823 | $108,792,182 |
| FY2015 | $731,339,892 | $736,004,570 | $142,008,196 |
| FY2014 | $700,984,999 | $713,117,437 | $146,672,874 |
| FY2013 | $636,513,856 | $667,380,052 | $159,169,312 |
| FY2012 | $696,482,521 | $666,348,078 | $190,035,508 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $1,200,189,277 | 100% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2025.
- Net assets covered about 0.4 months of expenses at the end of the reporting year.
- Total revenue rose from $696,482,521 in FY2012 to $1,203,786,930 in FY2025, Revenue increased in 10 and decreased in 3 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 10 of 14 reported years (FY2013, FY2014, FY2015, FY2016, FY2018, FY2019, FY2020, FY2021, FY2024, FY2025).
- Net assets declined from $190,035,508 to $39,744,836 between FY2012 and FY2025.
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 VEBA HAS BEEN ESTABLISHED AND MAINTAINED AS A MEANS OF FUNDING AND PAYING BENEFITS AND ADMINISTRATIVE EXPENSES FOR ELIGIBLE EMPLOYEES (AND THEIR ELIGIBLE AND ENROLLED DEPENDENTS) WHO ARE PARTICIPATING IN THE GROUP LIFE AND ACCIDENTAL DEATH & DISMEMBERMENT INSURANCE PLANS MAINTAINED BY JOHNSON &
IRS status
| Ruling year | 1972 |
| Subsection | 501(c)(9) |
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.
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