Overview
What is Cooperativa De Ahorro Y Credito Industria Biofarmaceutica?
Cooperativa De Ahorro Y Credito Industria Biofarmaceutica is a non-profit organization that operates based on savings contributions from its members. This collective saves through the purchase of shares and deposits. The primary function of the cooperative involves savings and credit operations. The cooperative generates revenue through interest income and other sources, totaling $4,549,857 in the year under review. Despite incurring expenses of $4,281,215, the cooperative managed to achieve a net income of $268,642. This income serves as a testament to the cooperative's financial stability and its success in fulfilling its mission.
Official website here: www.biopharma.coop
What do the Facebook reviews say about Cooperativa De Ahorro Y Credito Industria Biofarmaceutica?
Although the Cooperativa De Ahorro Y Credito Industria Biofarmaceutica currently has a limited number of reviews, the existing feedback reflects a positive sentiment. One reviewer expressed pride in being part of the organization, describing the team as spectacular and highlighting a strong sense of community and belonging.
This enthusiasm suggests that the nonprofit fosters a supportive and collaborative environment among its members. Overall, the initial impressions indicate that the organization is valued by its participants, who appreciate its atmosphere and the camaraderie within the team. It's evident that there is a strong foundation of loyalty and pride among those involved with the cooperative.
This AI summary has been generated from reviews found on Facebook.
Is Cooperativa De Ahorro Y Credito Industria Biofarmaceutica legitimate?
Cooperativa De Ahorro Y Credito Industria Biofarmaceutica is a legitimate nonprofit organization registered as a 501(c)(14) entity. Cooperativa De Ahorro Y Credito Industria Biofarmaceutica 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: $479,891
Professional Fundraising Fees: $0
Other Salaries and Wages: $647,404
For more financial information, click here
Official website here: www.biopharma.coop
What is the mission statement of Cooperativa De Ahorro Y Credito Industria Biofarmaceutica?
Cooperativa de Ahorro y Credito Industria Biofarmaceutica is a non-profit organization primarily dedicated to receiving savings from its members in the form of shares and deposits. Its main mission is to operate as a savings and credit union, generating income through interest and other sources. With the revenue earned, the organization undertakes various activities related to savings and credit operations. The organization's operations resulted in a net income of $268,642, indicating its financial sustainability. While the mission statement does not explicitly state a social or charitable purpose, it implies that the organization aims to provide financial services to its members in a non-profit capacity.
Official website here: www.biopharma.coop
Who is the CEO of Cooperativa De Ahorro Y Credito Industria Biofarmaceutica?
Rafael A Flores Perez is the President of Cooperativa De Ahorro Y Credito Industria Biofarmaceutica.
Official website here: www.biopharma.coop
What is the revenue of Cooperativa De Ahorro Y Credito Industria Biofarmaceutica?
Cooperativa De Ahorro Y Credito Industria Biofarmaceutica's revenue in 2022 was $4,549,857.
Official website here: www.biopharma.coop
Who are the executives of Cooperativa De Ahorro Y Credito Industria Biofarmaceutica and what are their salaries?
Here are 18 key members and their salaries:
- Compensation: $136,071
- Related: $0
- Other: $6,600
- Compensation: $75,386
- Related: $0
- Other: $6,000
- Compensation: $53,076
- Related: $0
- Other: $3,600
- Compensation: $20,900
- Related: $0
- Other: $1,500
- Compensation: $50,987
- Related: $0
- Other: $50
- Compensation: $43,737
- Related: $0
- Other: $350
- Compensation: $42,965
- Related: $0
- Other: $225
- Compensation: $38,419
- Related: $0
- Other: $25
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.biopharma.coop
Where can I find the form 990 for Cooperativa De Ahorro Y Credito Industria Biofarmaceutica?
Cooperativa De Ahorro Y Credito Industria Biofarmaceutica's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.biopharma.coop
Learn more at the official website: www.biopharma.coop
Mission Statement of Cooperativa De Ahorro Y Credito Industria Biofarmaceutica
Cooperativa de Ahorro y Credito Industria Biofarmaceutica, a non-profit organization, primarily operates by receiving savings from its members in the form of shares and deposits. Its mission is centered around engaging in savings and credit union operations. The organization generates income through interest earned on these savings and other sources, leading to a substantial revenue. In the fiscal year under consideration, the organization reported a total revenue of $4,549,857. However, it also incurs expenses, which in this case amounted to $4,281,215. Despite the expenses, Cooperativa de Ahorro y Credito Industria Biofarmaceutica managed to post a net income of $268,642, indicating its financial sustainability. The organization's primary function is to provide a platform for its members to save and borrow funds, contributing to their financial well-being.
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Impact
October, 2024
Cooperativa De Ahorro Y Credito Industria Biofarmaceutica plays a vital role in the financial well-being of its members within the community of Carolina, PR. By accepting savings through shares and deposits, the organization fosters a culture of saving among its members, empowering them to secure their financial futures.
In the past year, the cooperative generated a total revenue of $4,549,857, largely due to interest income of $3,707,234. This financial activity demonstrates the cooperative's effectiveness in managing resources and providing services to its members. After incurring expenses of $4,281,215, the cooperative achieved a net income of $268,642, reflecting its capacity to sustain operations while delivering value to its members.
The benefits of such an organization extend beyond financial metrics. By offering a platform for saving, it enhances members' access to credit, which can lead to improved economic conditions for individuals and families. The existence of this cooperative promotes financial inclusion, assists in community development, and supports economic stability among its membership. Overall, Cooperativa De Ahorro Y Credito Industria Biofarmaceutica significantly impacts its community by facilitating savings, providing credit opportunities, and fostering financial literacy.
This information is meant to be a general summary of Cooperativa De Ahorro Y Credito Industria Biofarmaceutica. 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: $3,707,234
- Gross Receipts: $4,549,857
Assets and Liabilities:
- Total Assets: $84,736,317
- Total Liabilities: $57,615,663
- Net Assets: $27,120,654
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Organization Details
Founding Year
1971
Phone
(787) 701-5555Principal Officer
Rafael A Flores Perez
Main Address
VILLA CAROLINA C9 AVE ROBERTO CLEME, CAROLINA, PR, 00985
Website
www.biopharma.coopNTEE Category
Code: Z99 - Unknown
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