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Nonprofit · EIN 82-7012034

IAFF LOCAL 587 HEALTH INS TR FUND

Also known as SIGFREDO DELGADO TTEE

Tax-exempt · MIAMI, FL 33125

Financials

$29M$35.2M2023$33.4M$83.6M2024
Revenue Expenses · by fiscal year end
Financials of IAFF LOCAL 587 HEALTH INS TR FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
February 28, 2025990$33,448,314$83,617,541-$50,169,227$34,521,874$249,490,351-$214,968,477
February 29, 2024990$28,980,362$35,175,029-$6,194,667$28,752,065$194,470,541-$165,718,476
Financial details: 990 for the year ended February 28, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$31,756,030
Investment income
$1,691,955
Net gain from sales of assets
$780,339
Other revenue
$329

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$82,054,461
Compensation of officers, directors and key employees
$244,680
Salaries, compensation and benefits (total)
$279,432
Professional fundraising fees
$0
Legal fees
$49,577
Accounting fees
$16,500
Occupancy
$51,782
Program services (functional)
$83,617,541

Balance sheet and other

Total assets, start of year
$28,752,065
Total assets, end of year
$34,521,874
Total liabilities, end of year
$249,490,351
Net assets, end of year
-$214,968,477
Publicly traded securities
$24,736,654
Gross receipts
$39,887,425
Employees
5
Year formed
2018
State of legal domicile
FL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended February 28, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
SILVIA LEIVABENEFITS COO
Officer
40$68,803$2,112
ALEXANDER CARDENASADMINISTRATO
Trustee or director, Officer
40$51,558$2,736
THOMAS GABRIELASST ADMIN/T
Trustee or director, Officer
40$39,591$6,986
JORGE MEGIASFINANCE MANA
Trustee or director, Officer
40$38,567$559
NYDIA SOTO-KAYEBENEFITS MAN
Officer
40$33,768$0
LOUIS MARSHALLTRUSTEE
Trustee or director, Officer
10$0$0
RAUL CERNUDATRUSTEE
Trustee or director, Officer
10$0$0
TROY SUTTONTRUSTEE
Trustee or director, Officer
10$0$0
FREDDY DELGADOTRUSTEE
Trustee or director, Officer
10$0$0
ALBERT ROBERTTRUSTEE
Trustee or director, Officer
10$0$0
ROBERT JORGETRUSTEE
Trustee or director, Officer
10$0$0
AKEEM DONALDSONSECRETARY
Trustee or director, Officer
10$0$0
NIKKO OSBORNETRUSTEE
Trustee or director, Officer
10$0$0
990 for the year ended February 29, 2024: 13 people
NameTitleHours / weekCompensationOther / benefits
SILVIA LEIVABENEFITS COO
Officer
40$62,742$1,940
ALEXANDER CARDENASADMINISTRATO
Trustee or director, Officer
40$49,514$2,606
THOMAS GABRIELASST ADMIN/T
Trustee or director, Officer
40$37,704$6,653
JORGE MEGIASFINANCE MANA
Trustee or director, Officer
40$36,143$1,118
NYDIA SOTO-KAYEBENEFITS MAN
Officer
40$32,160$0
RAUL CERNUDATRUSTEE
Trustee or director, Officer
10$0$0
FREDDY DELGADOTRUSTEE
Trustee or director, Officer
10$0$0
SIGFREDO DELGADOTRUSTEE
Trustee or director, Officer
10$0$0
AKEEM DONALDSONTRUSTEE
Trustee or director, Officer
10$0$0
ROBERT JORGETRUSTEE
Trustee or director, Officer
10$0$0
LOUIS MARSHALLTRUSTEE
Trustee or director, Officer
10$0$0
NIKKO OSBORNETRUSTEE
Trustee or director, Officer
10$0$0
TROY SUTTONTRUSTEE
Trustee or director, Officer
10$0$0

Address and contacts

Address (IRS master file)
2980 NW SOUTH RIVER DR, MIAMI, FL 33125-1146
Principal officer (990 for 2024)
JORGE MEGIAS, 2980 NW S RIVER DRIVE, MIAMI, FL 33125
Signed the 990
JORGE MEGIAS, FINANCE MANAGER
Phone
(305) 425-1938
Return prepared by
KSDT & CO LLC

Mission

TO PROVIDE MEDICAL, DENTAL, AND OTHER WELFARE BENFITS TO ELIGIBLE MEMBERS.

990 for the year ended February 28, 2025

Program accomplishments

  • CLAIMS INCURRED TO PROVIDE HEALTH, DENTAL,AND WELFARE BENEFITS TO ELIGIBLE MEMBERS.
  • CLAIMS INCURRED TO PROVIDE HEALTH, DENTAL, AND WELFARE BENEFITS TO ELIGIBLE MEMBERS.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in February, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025February 28, 2026July 15, 2026Not on file
2024February 28, 2025July 15, 2025990 on file
2023February 29, 2024July 15, 2024990 on file

IRS record

EIN
82-7012034
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
2019
Accounting year ends
February
Files
Form 990 or 990-EZ
Assets (IRS master file)
$34,521,874
Income (IRS master file)
$39,887,425

Filing history

FormYear endedRevenueExpensesAssetsReturn
990February 2025$33,448,314$83,617,541$34,521,874XML
990February 2024$28,980,362$35,175,029$28,752,065XML
990February 2023$26,318,781$60,342,482$22,783,919IRS
990February 2022$26,344,538$52,875,906$22,033,849IRS
990February 2021–––IRS
990February 2020$3,291,098$91,908,798$6,605,206IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-7012034).

Questions about IAFF LOCAL 587 HEALTH INS TR FUND

What is the EIN of IAFF LOCAL 587 HEALTH INS TR FUND?
The employer identification number (EIN) of IAFF LOCAL 587 HEALTH INS TR FUND is 82-7012034.
Is IAFF LOCAL 587 HEALTH INS TR FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 2019.
Are donations to IAFF LOCAL 587 HEALTH INS TR FUND tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does IAFF LOCAL 587 HEALTH INS TR FUND file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of IAFF LOCAL 587 HEALTH INS TR FUND due?
The return for tax year 2025 (the year ending February 28, 2026) is due July 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did IAFF LOCAL 587 HEALTH INS TR FUND last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended February 2025.
Who is the principal officer of IAFF LOCAL 587 HEALTH INS TR FUND?
The 990 for the year ended February 28, 2025 names JORGE MEGIAS.
Who are the officers and directors of IAFF LOCAL 587 HEALTH INS TR FUND?
The 990 for the year ended February 28, 2025 lists 13 people; 5 received compensation from the organization, the highest $68,803 (SILVIA LEIVA, BENEFITS COO).
How much revenue does IAFF LOCAL 587 HEALTH INS TR FUND have?
On its 990 for the year ended February 28, 2025 it reported revenue of $33,448,314, expenses of $83,617,541 and total assets of $34,521,874 at year end.

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