Overview
What is Fondo De Inversion Y Desarrollo Cooperativo?
Fondo De Inversion Y Desarrollo Cooperativo is a nonprofit organization situated in San Juan, Puerto Rico, with an address at 400 Ave Americo Miranda Suite 201. Their primary mission is to foster economic and social development in Puerto Rico, achieving this goal through their involvement in the credit union sector and the public sector. The organization's activities are geared towards promoting cooperatives in Puerto Rico, contributing to its overall growth and prosperity. The nonprofit reported a total income of $1,033,950, with program expenses amounting to $613,226 and general expenses totaling $3,919,105, resulting in an overall expenditure of $4,532,331. With a team of 10 dedicated individuals, Fondo De Inversion Y Desarrollo Cooperativo continues its mission to improve the socio-economic landscape of Puerto Rico.
Is Fondo De Inversion Y Desarrollo Cooperativo legitimate?
Fondo De Inversion Y Desarrollo Cooperativo is a legitimate nonprofit organization registered as a 501(c)(14) entity. Fondo De Inversion Y Desarrollo Cooperativo 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: $132,522
Professional Fundraising Fees: $0
Other Salaries and Wages: $232,345
For more financial information, click here
What is the mission statement of Fondo De Inversion Y Desarrollo Cooperativo?
Fondo De Inversion Y Desarrollo Cooperativo's mission is centered around promoting the social and economic development in Puerto Rico. They achieve this by actively participating in the credit union and public sectors. The organization's primary focus is on contributing to the development of cooperatives within Puerto Rico. In simpler terms, Fondo De Inversion Y Desarrollo Cooperativo works to enhance the overall well-being of Puerto Rico's society by supporting cooperative businesses through their involvement in the credit union and public sectors. Their activities are geared towards fostering economic growth and development in the region.
Who is the CEO of Fondo De Inversion Y Desarrollo Cooperativo?
Jose J Ramirez Ruiz is the Executive Director of Fondo De Inversion Y Desarrollo Cooperativo.
What is the revenue of Fondo De Inversion Y Desarrollo Cooperativo?
Fondo De Inversion Y Desarrollo Cooperativo's revenue in 2022 was $1,033,950.
Who are the executives of Fondo De Inversion Y Desarrollo Cooperativo and what are their salaries?
The average compensation at Fondo De Inversion Y Desarrollo Cooperativo during 2022 was $36,487. There are 10 employees at Fondo De Inversion Y Desarrollo Cooperativo.
Here are 11 key members and their salaries:
- Compensation: $82,800
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- Other: $0
- Compensation: $58,600
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Fondo De Inversion Y Desarrollo Cooperativo?
Fondo De Inversion Y Desarrollo Cooperativo's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fondo De Inversion Y Desarrollo Cooperativo
Fondo de Inversion y Desarrollo Cooperativo, in its mission, strives to foster social and economic development in Puerto Rico. The organization achieves this by actively participating in both the credit union and public sectors. Its primary objective is to contribute to the development of cooperatives in the region. By doing so, Fondo de Inversion y Desarrollo Cooperativo aims to play a significant role in promoting cooperative growth and development in Puerto Rico. The organization's contributions to the credit union and public sectors are geared towards achieving this goal.
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Impact
October, 2024
Fondo De Inversion Y Desarrollo Cooperativo significantly impacts social and economic development in Puerto Rico by actively promoting participation in the credit union and public sector. By focusing on the development of cooperatives, the organization fosters community engagement and empowers local economies. With a total income of $1,033,950, it directs resources effectively, dedicating $613,226 to program expenses aimed at advancing cooperative initiatives. This strategic allocation of funds underlines the organization’s commitment to enhancing cooperative structures, which in turn supports sustainable growth and improves the livelihoods of individuals and communities throughout Puerto Rico. The organization plays a crucial role in cultivating a robust cooperative sector, contributing to the overall economic resilience and social well-being of its region.
This information is meant to be a general summary of Fondo De Inversion Y Desarrollo Cooperativo. 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: $826,205
- Gross Receipts: $1,033,950
Assets and Liabilities:
- Total Assets: $38,001,351
- Total Liabilities: $75,654
- Net Assets: $37,925,697
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Organization Details
Founding Year
2002
Phone
(787) 999-0322Principal Officer
Jose J Ramirez Ruiz
Main Address
400 Ave Americo Miranda Suite 201, San Juan, PR, 009275142
NTEE Category
Code: Z99 - Unknown
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