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Nonprofiteer
← COOPERATIVA LA SAGRADA FAMILIA

Form 990 for tax year 2022

Filed by COOPERATIVA LA SAGRADA FAMILIA.

Totals

Total revenue
$13,502,561
Total expenses
$9,614,230
Contributions and grants received
$943,660
Grants paid
$0
Program service revenue
$8,339,899
Investment income
$1,496,890
Other revenue
$2,722,112
Total assets, end of year
$276,590,884
Total liabilities, end of year
$146,230,835
Net assets or fund balances, end of year
$130,360,049
Program services expenses (Part IX)
$8,392,805
Management and general expenses
$1,221,425
Fundraising expenses
$0
Program service expenses (Part III)
$8,392,805

Program services were 87.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $676,530

  • 1f · All other contributions, gifts and grants

    $267,130

  • 2a · Program service revenue: MEMBERS'LOANS INTERESTS

    total $8,339,899 · related or exempt $8,339,899

  • 3 · Investment income

    total $1,496,890 · related or exempt $1,496,890

  • 11a · Other revenue: REV FROM MEMB CRED&DEB CARDS

    total $1,166,193 · related or exempt $1,166,193

  • 11b · Other revenue: REV FROM MEMB ACC&LOANS CHARG

    total $803,122 · related or exempt $803,122

  • 11c · Other revenue: OTHER REV FROM MEMB SERV

    total $752,797 · related or exempt $752,797

  • 11e · Other revenue, total

    $2,722,112

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $159,976 · program services $159,976

  • 5 · Compensation of officers, directors and key employees

    total $256,893 · program services $150,862 · management and general $106,031

  • 7 · Other salaries and wages

    total $1,641,212 · program services $1,395,030 · management and general $246,182

  • 8 · Pension plan contributions

    total $84,884 · program services $72,151 · management and general $12,733

  • 9 · Other employee benefits

    total $483,386 · program services $410,878 · management and general $72,508

  • 10 · Payroll taxes

    total $207,034 · program services $175,979 · management and general $31,055

  • 11b · Fees: legal

    total $63,063 · management and general $63,063

  • 11c · Fees: accounting

    total $60,500 · management and general $60,500

  • 11g · Fees: other

    total $381,123 · program services $381,123

  • 12 · Advertising and promotion

    total $174,309 · program services $174,309

  • 13 · Office expenses

    total $457,327 · program services $434,461 · management and general $22,866

  • 17 · Travel

    total $8,990 · program services $8,990

  • 19 · Conferences, conventions and meetings

    total $51,000 · program services $51,000

  • 20 · Interest

    total $155,469 · program services $155,469

  • 22 · Depreciation, depletion and amortization

    total $766,069 · program services $651,159 · management and general $114,910

  • 23 · Insurance

    total $763,468 · program services $517,914 · management and general $245,554

  • 24a · Other expenses: PROV FOR MEMB LOANS&OTHER

    total $1,300,000 · program services $1,300,000

  • 24b · Other expenses: MEMB CRED & BANK SERVICES

    total $1,108,859 · program services $1,108,859

  • 24c · Other expenses: OTHER EXPENSES

    total $948,894 · program services $784,137 · management and general $164,757

  • 24d · Other expenses: UTILITIES,REPAIR&MAINTENA

    total $541,774 · program services $460,508 · management and general $81,266

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $77,121,455 · end of year $36,705,831

  • 2 · Savings and temporary cash investments

    beginning of year $11,116,000 · end of year $11,210,000

  • 7 · Other notes and loans receivable

    beginning of year $120,621,580 · end of year $134,247,267

  • 9 · Prepaid expenses and deferred charges

    beginning of year $561,170 · end of year $630,597

  • 10a · Land, buildings and equipment: cost or other basis

    $19,812,483

  • 10b · Land, buildings and equipment: accumulated depreciation

    $7,480,975

  • 10c · Land, buildings and equipment, net

    beginning of year $12,368,091 · end of year $12,331,508

  • 11 · Investments: publicly traded securities

    beginning of year $35,863,335 · end of year $69,496,155

  • 12 · Investments: other securities

    beginning of year $5,750,744 · end of year $5,947,760

  • 14 · Intangible assets

    beginning of year $3,118,188 · end of year $2,427,645

  • 15 · Other assets

    beginning of year $3,415,802 · end of year $3,594,121

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,422,612 · end of year $1,317,553

  • 25 · Other liabilities

    beginning of year $144,002,419 · end of year $144,913,282

  • 29 · Capital stock, trust principal or current funds

    beginning of year $108,785,297 · end of year $111,855,942

  • 31 · Retained earnings, endowment or other funds

    beginning of year $15,726,037 · end of year $18,504,107

Mission and programs · 2022

Mission

TO IMPROVE THE QUALITY OF LIFE OF OUR MEMBERS BY PROMOTING EFECTIVE VALUES, FINANCIAL SOURCES AND THE COOPERATIVE MOVEMENT PHILOSOPHY.

  • DURING THE FISCAL YEAR ENDED DECEMBER 31, 2022 THE INSTITUTION OBTAINED DEPOSIT FROM MEMBERS AND CONTINUE PROVIDING TO THEM AND THE COMMUNITY FINANCING SOURCES ALTERNATIVES WITH LOANS AT AFFORDABLE TERMS AS WELL AS ACCESSIBILITY TO TECHNOLOGY IN CHECKING, SAVING AND CREDIT PRODUCTS TO MANAGE THEIR PERSONAL FINANCES.

    Expenses $8,392,805 · Revenue $13,502,561

  • DURING THE FISCAL YEAR ENDED DECEMBER 31, 2022 THE INSTITUTION OBTAINED DEPOSIT FROM MEMBERS AND CONTINUE PROVIDING TO THEM AND THE COMMUNITY FINANCING SOURCES ALTERNATIVES WITH LOANS AT AFFORDABLE TERMS AS WELL AS ACCESSIBILITY TO TECHNOLOGY IN CHECKING, SAVING AND CREDIT PRODUCTS TO MANAGE THEIR PERSONAL FINANCES.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Manuel Colon Santos

    DIRECTOR

    Total calculated
    $1,005
    From this org
    $1,005
    From related orgs
    $0
    Other
    $0

  • Fernando Colon Santos

    DIRECTOR

    Total calculated
    $850
    From this org
    $850
    From related orgs
    $0
    Other
    $0

  • Nimia Perez Vazquez

    BOARD OF DIR

    Total calculated
    $1,130
    From this org
    $1,130
    From related orgs
    $0
    Other
    $0

  • Donel Cosme Diaz

    BOARD VICE P

    Total calculated
    $1,140
    From this org
    $1,140
    From related orgs
    $0
    Other
    $0

  • Giana B Garcia Jimenez

    SECRETARY OF

    Total calculated
    $1,515
    From this org
    $1,515
    From related orgs
    $0
    Other
    $0

  • Carlos Figueroa Marzan

    SUB SECRETAR

    Total calculated
    $530
    From this org
    $530
    From related orgs
    $0
    Other
    $0

  • Miguel A Roura Ruiz

    BOARD OF DIR

    Total calculated
    $720
    From this org
    $720
    From related orgs
    $0
    Other
    $0

  • Israel Caldero Perez

    DIRECTOR

    Total calculated
    $1,340
    From this org
    $1,340
    From related orgs
    $0
    Other
    $0

  • Julia Alicea Gonzalez

    BOARD PRESID

    Total calculated
    $1,685
    From this org
    $1,685
    From related orgs
    $0
    Other
    $0

  • Eddie Alicea

    PRESIDENT

    Total calculated
    $135,199
    From this org
    $135,199
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Angel Negron

    FINANCIAL DI

    Total calculated
    $55,555
    From this org
    $55,555
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Hector J Motta Berrios

    DIR OF OPERA

    Total calculated
    $56,223
    From this org
    $56,223
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
30 June 2022
IRS schema version
2022v5.0
Source object
202332789349301018

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