Overview
What is Cooperativa Ahorro Y Credito Abraham Rosa?
Cooperativa Ahorro Y Credito Abraham Rosa is a non-profit organization that primarily accepts savings from its members in the form of shares and deposits. Beyond this, it also provides savings and deposit services. The organization generates income, specifically $3,859,671 in interest and other sources, but its expenses total $4,676,093. Despite these financial challenges, Cooperativa Ahorro Y Credito Abraham Rosa continues to operate as a community-focused savings and deposit provider for its members.
Official website here: www.arcoop.com
Is Cooperativa Ahorro Y Credito Abraham Rosa legitimate?
Cooperativa Ahorro Y Credito Abraham Rosa is a legitimate nonprofit organization registered as a 501(c)(14) entity. Cooperativa Ahorro Y Credito Abraham Rosa 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: $295,872
Professional Fundraising Fees: $0
Other Salaries and Wages: $958,187
For more financial information, click here
Official website here: www.arcoop.com
What is the mission statement of Cooperativa Ahorro Y Credito Abraham Rosa?
Cooperativa Ahorro Y Credito Abraham Rosa, 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 services. In its operations, it generates interest income and other revenue, but its expenses exceed this income, as indicated by its financial data. The organization's mission, however, is not explicitly stated in the provided information. Therefore, an accurate mission statement could not be derived.
Official website here: www.arcoop.com
Who is the CEO of Cooperativa Ahorro Y Credito Abraham Rosa?
Luis R Lopez is the President of Cooperativa Ahorro Y Credito Abraham Rosa.
Official website here: www.arcoop.com
What is the revenue of Cooperativa Ahorro Y Credito Abraham Rosa?
Cooperativa Ahorro Y Credito Abraham Rosa's revenue in 2021 was $3,859,671.
Official website here: www.arcoop.com
Who are the executives of Cooperativa Ahorro Y Credito Abraham Rosa and what are their salaries?
The average compensation at Cooperativa Ahorro Y Credito Abraham Rosa during 2021 was $33,893. There are 37 employees at Cooperativa Ahorro Y Credito Abraham Rosa.
Here are 4 key members and their salaries:
- Compensation: $114,060
- Related: $0
- Other: $0
- Compensation: $66,985
- Related: $0
- Other: $0
- Compensation: $57,546
- Related: $0
- Other: $0
- Compensation: $57,281
- Related: $0
- Other: $0
Official website here: www.arcoop.com
Where can I find the form 990 for Cooperativa Ahorro Y Credito Abraham Rosa?
Cooperativa Ahorro Y Credito Abraham Rosa's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.arcoop.com
Learn more at the official website: www.arcoop.com
Mission Statement of Cooperativa Ahorro Y Credito Abraham Rosa
Cooperativa Ahorro Y Credito Abraham Rosa, as a non-profit organization, is primarily dedicated to collecting savings from its members in the form of shares and deposits. Its mission extends beyond simple savings, as it also provides savings and deposit services. In its operations, the cooperative generates a significant amount of interest income and other revenue. However, its expenses tend to outweigh its income, as shown by the figures of $3,859,671 in interest income and other revenue versus $4,676,093 in total expenses. Despite these financial challenges, Cooperativa Ahorro Y Credito Abraham Rosa continues to operate, providing financial services to its members.
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Impact
October, 2024
Cooperativa Ahorro Y Credito Abraham Rosa plays a significant role in the financial landscape of Toa Baja, Puerto Rico, by facilitating savings behavior among its members. By providing a platform for individuals to deposit their savings in shares and other forms, the cooperativa helps foster a culture of saving within the community, empowering its members to manage their finances more effectively.
The cooperative's operations generated an interest income of $3,859,671, indicating a level of engagement and trust from its members. This financial engagement contributes to the local economy by allowing members to benefit from interest gained on their savings while fostering a sense of community.
Despite facing higher total expenses of $4,676,093, Cooperativa Ahorro Y Credito Abraham Rosa remains committed to its mission of serving its members. By offering savings and deposit services, it addresses the financial needs of individuals who may not have access to traditional banking. This accessibility helps improve financial literacy and stability within the community, ultimately contributing to the overall well-being of its members.
In summary, the cooperative significantly impacts its members' financial health by promoting savings, offering financial services, and contributing to economic stability in Toa Baja.
This information is meant to be a general summary of Cooperativa Ahorro Y Credito Abraham Rosa. 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 2021.
- Investment Income: $3,426,811
- Gross Receipts: $3,859,671
Assets and Liabilities:
- Total Assets: $116,942,242
- Total Liabilities: $105,431,722
- Net Assets: $11,510,520
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Organization Details
Founding Year
1960
Phone
(787) 622-3055Principal Officer
Luis R Lopez
Main Address
HC 01 BOX 9087, TOA BAJA, PR, 00949
Website
www.arcoop.comNTEE Category
Code: W60 - Public benefit
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