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Nonprofiteer
← COOPERATIVA DE AHORRO Y CREDITO DE AIBONITENO

Form 990 for tax year 2022

Filed by COOPERATIVA DE AHORRO Y CREDITO DE AIBONITENO.

Totals

Total revenue
$7,819,451
Total expenses
$6,141,174
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$6,314,749
Other revenue
$1,504,702
Total assets, end of year
$142,745,242
Total liabilities, end of year
$114,211,834
Net assets or fund balances, end of year
$28,533,408
Program services expenses (Part IX)
$0
Management and general expenses
$6,141,174
Fundraising expenses
$0
Program service expenses (Part III)
$0

Program services were 0.0% 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.

  • 3 · Investment income

    total $6,314,749 · related or exempt $6,314,749 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $1,504,702 · related or exempt $1,504,702 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $1,504,702

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $496,971 · management and general $496,971

  • 7 · Other salaries and wages

    total $1,033,486 · management and general $1,033,486

  • 8 · Pension plan contributions

    total $65,586 · management and general $65,586

  • 10 · Payroll taxes

    total $145,685 · management and general $145,685

  • 11g · Fees: other

    total $160,418 · management and general $160,418

  • 12 · Advertising and promotion

    total $298,706 · management and general $298,706

  • 13 · Office expenses

    total $126,359 · management and general $126,359

  • 17 · Travel

    total $17,981 · management and general $17,981

  • 19 · Conferences, conventions and meetings

    total $57,067 · management and general $57,067

  • 20 · Interest

    total $513,167 · management and general $513,167

  • 22 · Depreciation, depletion and amortization

    total $323,805 · management and general $323,805

  • 23 · Insurance

    total $623,351 · management and general $623,351

  • 24a · Other expenses: UTILITIES

    total $138,462 · program services $0 · management and general $138,462 · fundraising $0

  • 24b · Other expenses: REPAIR AND MAINTENANCE

    total $436,570 · program services $0 · management and general $436,570 · fundraising $0

  • 24c · Other expenses: HEALT PLAN

    total $194,347 · program services $0 · management and general $194,347 · fundraising $0

  • 24d · Other expenses: PROVISION OF BAD LOANS

    total $350,000 · program services $0 · management and general $350,000 · fundraising $0

  • 24e · All other expenses

    total $1,159,213 · program services $0 · management and general $1,159,213 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $29,905,649 · end of year $18,506,009

  • 2 · Savings and temporary cash investments

    beginning of year $7,850,000 · end of year $6,400,000

  • 5 · Loans and receivables from officers and key people

    beginning of year $288,307 · end of year $455,720

  • 7 · Other notes and loans receivable

    beginning of year $85,674,959 · end of year $92,936,548

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

    $5,244,861

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

    $3,432,486

  • 10c · Land, buildings and equipment, net

    beginning of year $1,979,823 · end of year $1,812,375

  • 11 · Investments: publicly traded securities

    beginning of year $3,252,955 · end of year $14,896,455

  • 12 · Investments: other securities

    beginning of year $3,843,883 · end of year $3,991,020

  • 15 · Other assets

    beginning of year $3,903,342 · end of year $3,747,115

  • 17 · Accounts payable and accrued expenses

    beginning of year $536,347 · end of year $712,489

  • 25 · Other liabilities

    beginning of year $109,387,884 · end of year $113,499,345

  • 29 · Capital stock, trust principal or current funds

    beginning of year $19,781,460 · end of year $20,570,315

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $6,843,227 · end of year $7,713,093

  • 31 · Retained earnings, endowment or other funds

    beginning of year $150,000 · end of year $250,000

Mission and programs · 2022

Mission

SAVINGS AND CREDIT UNION OPERATION

Activities or mission (Part I)

IT IS A NON PROFIT ORGANIZATION AND IS PRIMARILY DEDICATED TO RECEIVE SAVINGS FROM ITS MEMBERS IN THE FORM OF SHARES AND DEPOSITS.

  • INTEREST INCOME AND OTHER INCOME OF $7,819,451 AND TOTAL EXPENSES OF $6,141,174.

As filed on the 2022 return.

Listed in Part VII

  • Carlos F Ortiz Diaz

    PRESIDENT

    Total calculated
    $109,990
    From this org
    $109,990
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Harol O Colon

    VP OF OPERATION

    Total calculated
    $53,621
    From this org
    $53,621
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Minerva Rivera Cardenales

    MANAGER OF PLATAFORM AND SECURITY

    Total calculated
    $51,630
    From this org
    $51,630
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Edgardo Ortiz Guiterrez

    MANAGER OF COMPLIANCE

    Total calculated
    $46,024
    From this org
    $46,024
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Jessica Arroyo Alvarado

    MANAGER OF CREDIT

    Total calculated
    $42,707
    From this org
    $42,707
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Vianey Torres

    MANAGER OF CHARGES

    Total calculated
    $42,592
    From this org
    $42,592
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Javier Rodriguez

    SUPERVISOR OF INFORMATION SYSTEM

    Total calculated
    $42,571
    From this org
    $42,571
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Marilina Huertas Berrios

    MANAGER OF ACCOUNTING

    Total calculated
    $41,614
    From this org
    $41,614
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Roberto Moreno

    MANAGER OF PLATFORM

    Total calculated
    $37,246
    From this org
    $37,246
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Heriberto Rodriguez

    MANAGER OF CALL CENTER AND MARKETING

    Total calculated
    $28,976
    From this org
    $28,976
    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
26 June 2023
IRS schema version
2022v5.0
Source object
202421369349301747

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