Overview
What is Cooperativa Ahorro Y Credito Pepiniana?
Cooperativa Ahorro Y Credito Pepiniana is a non-profit organization that primarily relies on savings from its members, collected in the form of shares and deposits. This cooperative also offers various savings and deposit programs. With interest income and additional revenue totaling $3,932,481, the organization incurs total expenses of $4,151,035. By providing these financial services, Cooperativa Ahorro Y Credito Pepiniana aims to support its member base.
Official website here: www.cooppepiniana.com
Is Cooperativa Ahorro Y Credito Pepiniana legitimate?
Cooperativa Ahorro Y Credito Pepiniana is a legitimate nonprofit organization registered as a 501(c)(14) entity. Cooperativa Ahorro Y Credito Pepiniana submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $296,303
Professional Fundraising Fees: $0
Other Salaries and Wages: $322,110
For more financial information, click here
Official website here: www.cooppepiniana.com
What is the mission statement of Cooperativa Ahorro Y Credito Pepiniana?
Cooperativa Ahorro Y Credito Pepiniana, as a non-profit organization, primarily focuses on receiving savings from its members in the form of shares and deposits. Beyond this, the cooperative also provides savings and deposit programs. The organization generates income through interest and other sources, totaling $3,932,481. However, its expenses exceed its income, amounting to $4,151,035. Despite the financial challenges, the cooperative's mission remains centered around its members and their savings.
Official website here: www.cooppepiniana.com
Who is the CEO of Cooperativa Ahorro Y Credito Pepiniana?
Wilson Feliciano Lopez is the Executive President of Cooperativa Ahorro Y Credito Pepiniana.
Official website here: www.cooppepiniana.com
What is the revenue of Cooperativa Ahorro Y Credito Pepiniana?
Cooperativa Ahorro Y Credito Pepiniana's revenue in 2022 was $4,922,172.
Official website here: www.cooppepiniana.com
Who are the executives of Cooperativa Ahorro Y Credito Pepiniana and what are their salaries?
The average compensation at Cooperativa Ahorro Y Credito Pepiniana during 2022 was $32,548. There are 19 employees at Cooperativa Ahorro Y Credito Pepiniana.
Here are 5 key members and their salaries:
- Compensation: $131,601
- Related: $0
- Other: $0
- Compensation: $57,380
- Related: $0
- Other: $0
- Compensation: $37,782
- Related: $0
- Other: $0
- Compensation: $32,325
- Related: $0
- Other: $0
- Compensation: $37,215
- Related: $0
- Other: $0
Official website here: www.cooppepiniana.com
Where can I find the form 990 for Cooperativa Ahorro Y Credito Pepiniana?
Cooperativa Ahorro Y Credito Pepiniana's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cooppepiniana.com
Learn more at the official website: www.cooppepiniana.com
Mission Statement of Cooperativa Ahorro Y Credito Pepiniana
Cooperativa Ahorro Y Credito Pepiniana, as a non-profit organization, primarily focuses on collecting savings from its members in the form of shares and deposits. Its primary mission is to facilitate this savings and deposit program, generating interest income and other sources of revenue. Despite having income, the organization's expenses outweigh its income, with total expenses amounting to $4,151,035, slightly surpassing its interest income and other income of $3,932,481. This non-profit organization continues to operate, offering its savings and deposit programs to its members.
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Impact
October, 2024
Cooperativa Ahorro Y Credito Pepiniana plays a significant role in the economic well-being of its community by facilitating savings and providing access to financial services. By encouraging its members to save through shares and deposits, it not only fosters a culture of financial responsibility but also empowers individuals and families to build a safety net for their future.
The cooperative offers various savings and deposit programs, which enable its members to grow their financial resources over time. This approach is vital in a community where traditional banking options may not be as accessible or culturally attuned to the needs of the population. By prioritizing local needs and focusing on member participation, Cooperativa Ahorro Y Credito Pepiniana strengthens the financial resilience of its community.
Despite facing challenges, such as a net loss with total income of approximately $3.93 million against expenses of $4.15 million, the cooperative's mission remains focused on providing public benefit and enhancing the financial stability of its members. Overall, its commitment to serving the community's economic needs fosters individual growth, promotes community solidarity, and contributes to the local economy in San Sebastián, Puerto Rico.
This information is meant to be a general summary of Cooperativa Ahorro Y Credito Pepiniana. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $4,345,272
- Gross Receipts: $4,922,172
Assets and Liabilities:
- Total Assets: $121,528,846
- Total Liabilities: $106,934,183
- Net Assets: $14,594,663
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Organization Details
Founding Year
1948
Phone
(787) 896-1544Principal Officer
Wilson Feliciano Lopez
Main Address
CARR 111 KM 17 9 BO GUATEMALA, SAN SEBASTIAN, PR, 006850572
Website
www.cooppepiniana.comNTEE Category
Code: W60 - Public benefit
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