Nonprofit · EIN 45-4698959
SAN DIEGO CITY EMPLOYEES RETIREE MEDICAL TRUST
Tax-exempt · SAN DIEGO, CA 92108
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $63,271,711 | $14,332,681 | $48,939,030 | $288,823,021 | $30,322 | $288,792,699 |
| March 31, 2024 | 990 | $26,610,228 | $12,890,166 | $13,720,062 | $272,233,327 | $23,561 | $272,209,766 |
| March 31, 2023 | 990 | $21,277,116 | $12,343,069 | $8,934,047 | $240,422,787 | $22,197 | $240,400,590 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $17,243,128
- Investment income
- $46,028,583
- Net gain from sales of assets
- $34,580,401
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $13,840,606
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $48,000
- Accounting fees
- $55,829
Balance sheet and other
- Total assets, start of year
- $272,233,327
- Total assets, end of year
- $288,823,021
- Total liabilities, end of year
- $30,322
- Net assets, end of year
- $288,792,699
- Publicly traded securities
- $258,482,050
- Gross receipts
- $126,098,759
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2011
- State of legal domicile
- CA
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 March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHAEL ZUCCHET | SECRETARY Trustee or director, Officer | 1 | $0 | $330,607 | $37,105 |
| JOEL TIEN | TRUSTEE Trustee or director | 1 | $0 | $197,267 | $27,900 |
| MICHAEL CARR | TRUSTEE Trustee or director | 1 | $0 | $120,261 | $16,076 |
| MAT KOSTRINSKY | TRUSTEE Trustee or director | 1 | $0 | $39,600 | $0 |
| DEBRA BEVIER | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended March 31, 2024: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHAEL ZUCCHET | SECRETARY Trustee or director, Officer | 1 | $0 | $307,883 | $34,202 |
| JOEL TIEN | TRUSTEE Trustee or director | 1 | $0 | $194,442 | $24,620 |
| MIKE CARR | TRUSTEE Trustee or director | 1 | $0 | $109,761 | $15,681 |
| ANDRES ALVA-CARDENES | TRUSTEE Trustee or director | 1 | $0 | $96,383 | $0 |
| DEBRA BEVIER | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended March 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHAEL ZUCCHET | SECRETARY Trustee or director, Officer | 1 | $0 | $288,013 | $39,959 |
| JOEL TIEN | TRUSTEE Trustee or director | 1 | $0 | $163,885 | $23,440 |
| MIKE CARR | TRUSTEE Trustee or director | 1 | $0 | $101,949 | $17,331 |
| ANDRES ALVA-CARDENES | TRUSTEE Trustee or director | 1 | $0 | $80,774 | $0 |
| DEBRA BEVIER | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1843 HOTEL CIR S STE 300, SAN DIEGO, CA 92108-3322
- In care of
- % VIRGINIA LEWIS
- Principal officer (990 for 2024)
- DEBRA BEVIER, 221 N WALL STREET SUITE 201, SPOKANE, WA 99201
- Signed the 990
- DEBRA BEVIER, CHAIRMAN
- Phone
- (509) 822-3624
- Return prepared by
- CLIFTONLARSONALLEN LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 45-4698959 or by the name SAN DIEGO CITY EMPLOYEES RETIREE MEDICAL TRUST.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
THE TRUST PROVIDES A VEHICLE TO WHICH CONTRIBUTIONS FROM THE CITY AND PARTICIPATING EMPLOYEES ARE PAID AND THROUGH WHICH THE TRUSTEES CAN CREATE AND ADMINISTER ONE OR MORE EMPLOYEE WELFARE BENEFIT PLANS FOR THE PARTICIPANTS AND THEIR BENEFICIARIES.
Program accomplishments
- ADMINISTERED A WELFARE BENEFIT PLAN FOR THE PARTICIPANTS AND THEIR BENEFICIARIES (3,011 PARTICIPANTS AT 3/31/25).
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 March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 45-4698959
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 2013
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y20)
- Assets (IRS master file)
- $288,823,021
- Income (IRS master file)
- $126,098,759
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $63,271,711 | $14,332,681 | $288,823,021 | XML |
| 990 | March 2024 | $26,610,228 | $12,890,166 | $272,233,327 | XML |
| 990 | March 2023 | $21,277,116 | $12,343,069 | $240,422,787 | XML |
| 990 | March 2022 | $31,450,538 | $10,836,298 | $249,053,704 | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | 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 45-4698959).
Questions about SAN DIEGO CITY EMPLOYEES RETIREE MEDICAL TRUST
- What is the EIN of SAN DIEGO CITY EMPLOYEES RETIREE MEDICAL TRUST?
- The employer identification number (EIN) of SAN DIEGO CITY EMPLOYEES RETIREE MEDICAL TRUST is 45-4698959.
- Is SAN DIEGO CITY EMPLOYEES RETIREE MEDICAL TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 2013.
- Are donations to SAN DIEGO CITY EMPLOYEES RETIREE MEDICAL TRUST tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SAN DIEGO CITY EMPLOYEES RETIREE MEDICAL TRUST 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 SAN DIEGO CITY EMPLOYEES RETIREE MEDICAL TRUST due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SAN DIEGO CITY EMPLOYEES RETIREE MEDICAL TRUST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of SAN DIEGO CITY EMPLOYEES RETIREE MEDICAL TRUST?
- The 990 for the year ended March 31, 2025 names DEBRA BEVIER.
- Who are the officers and directors of SAN DIEGO CITY EMPLOYEES RETIREE MEDICAL TRUST?
- The 990 for the year ended March 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does SAN DIEGO CITY EMPLOYEES RETIREE MEDICAL TRUST have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $63,271,711, expenses of $14,332,681 and total assets of $288,823,021 at year end.
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