COOPERATIVA DE AHORRO Y CREDITO DE AGUADA

Address
PO BOX 543
AGUADA, PUERTO RICO 00602
RQ
Contact
Website: http://www.coopaguada.com
Phone: +1 (787) 868-2115
Nonprofit
EIN: 66-0217490
Year formed: 1948

Mission

TO PROMOTE THE SAVING AMONG ITS MEMBERS BY SAVINGS DEPOSITS AND FINANCING SERVICES
 20162015201420132012
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$460,675.00$451,896.00$200,588.00$201,817.00$193,929.00
Sum of reportable (W2/1099) compensation$460,675.00$451,896.00$200,588.00$201,817.00$193,929.00
Number of employees8278708289
Number of people compensated >$100k11111
Number of volunteers000  
Number of highly compensated contractors4554 
Personnel
Acevedo, Miguel
Title  PRESIDENTTreasurerTreasurer
Name of key/compensated person  MIGUEL A RUIZ ACEVEDOMIGUEL A RUIZ ACEVEDOMIGUEL A RUIZ ACEVEDO
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  00.000.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Avila, Edgardo
Title  SUB TREASURER  
Name of key/compensated person  EDGARDO HERNANDEZ AVILA  
Position of compensated person
Current individual trustee or director  True  
Average hours per week working for org  0  
Reportable compensation from org  $0.00  
Other comp, non-reportable, from org and related orgs  $0.00  
Aviles, Rosa
TitleMANAGERMANAGER   
Name of key/compensated personROSA I BONILLA AVILESROSA I BONILLA AVILES   
Position of compensated person
Current key employee (> $150k)TrueTrue   
Average hours per week working for org4040   
Reportable compensation from org$67,583.00$64,893.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Gonzalez, Angel
TitleEX VICE PRESIDENTEX VICE PRESIDENTEX VICE PRESIDENTEX. VICE-PRESEX. VICE-PRES
Name of key/compensated personANGEL L AVILES GONZALEZANGEL L AVILES GONZALEZANGEL L AVILES GONZALEZANGEL L AVILES GONZALEZANGEL L AVILES GONZALEZ
Position of compensated person
Current officer  TrueTrueTrue
Current key employee (> $150k)TrueTrue   
Average hours per week working for org40404040.0040.00
Reportable compensation from org$80,461.00$81,434.00$82,565.00$85,252.00$82,741.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Lopez, Erick
Title TREASURER   
Name of key/compensated person ERICK W LOPEZ   
Position of compensated person
Current individual trustee or director True   
Average hours per week working for org 0   
Reportable compensation from org $0.00   
Other comp, non-reportable, from org and related orgs $0.00   
Medina, Dario
Title VICE PRESIDENT   
Name of key/compensated person DARIO MEDINA   
Position of compensated person
Current individual trustee or director True   
Average hours per week working for org 0   
Reportable compensation from org $0.00   
Other comp, non-reportable, from org and related orgs $0.00   
Mendez, Dario
Title  VICE-PRESIDENTSUB TREASURERSUB TREASURER
Name of key/compensated person  DARIO MEDINA MENDEZDARIO MEDINA MENDEZDARIO MEDINA MENDEZ
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  00.000.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Mendoza, Wanda
TitleEXECUTIVE OFFICEREXECUTIVE OFFICER   
Name of key/compensated personWANDA I TRAVERSO MENDOZAWANDA I TRAVERSO MENDOZA   
Position of compensated person
Current key employee (> $150k)TrueTrue   
Average hours per week working for org4040   
Reportable compensation from org$45,714.00$43,695.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Olivo, Josefa
Title   SecretarySecretary
Name of key/compensated person   JOSEFA LOPEZ OLIVOJOSEFA LOPEZ OLIVO
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org   0.000.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Ortiz, Erick
Title  TREASURER  
Name of key/compensated person  ERICK W LOPEZ ORTIZ  
Position of compensated person
Current individual trustee or director  True  
Average hours per week working for org  0  
Reportable compensation from org  $0.00  
Other comp, non-reportable, from org and related orgs  $0.00  
Peres, Elizabteh
Title ACCOUNTING MANAGER   
Name of key/compensated person ELIZABTEH RIVERA PERES   
Position of compensated person
Current key employee (> $150k) True   
Average hours per week working for org 40   
Reportable compensation from org $47,939.00   
Other comp, non-reportable, from org and related orgs $0.00   
Perez, Elizabeth
TitleACCOUNTING MANAGER    
Name of key/compensated personELIZABETH RIVERA PEREZ    
Position of compensated person
Current key employee (> $150k)True    
Average hours per week working for org40    
Reportable compensation from org$49,941.00    
Other comp, non-reportable, from org and related orgs$0.00    
Ramirez, Orlando
Title PRESIDENT   
Name of key/compensated person ORLANDO RAMIREZ   
Position of compensated person
Current individual trustee or director True   
Average hours per week working for org 0   
Reportable compensation from org $0.00   
Other comp, non-reportable, from org and related orgs $0.00   
Ramos, Gabriel
TitleADMIN OFFICER COMERCIAL LOANSADMIN OFFICER COMERCIAL LOANS   
Name of key/compensated personGABRIEL E CHAPARRO RAMOSGABRIEL E CHAPARRO RAMOS   
Position of compensated person
Current key employee (> $150k)TrueTrue   
Average hours per week working for org4040   
Reportable compensation from org$45,098.00$43,321.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Rodriguez, Juan
Title  SECRETARYSUB SECRETARYSUB SECRETARY
Name of key/compensated person  JUAN J RODRIGUEZJUAN J RODRIGUEZJUAN J RODRIGUEZ
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  00.000.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Roman, Efren
TitleMANAGERMANAGER   
Name of key/compensated personEFREN A RAMOS ROMANEFREN A RAMOS ROMAN   
Position of compensated person
Current key employee (> $150k)TrueTrue   
Average hours per week working for org4040   
Reportable compensation from org$58,982.00$59,792.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Ruiz, Evaristo
Title   PRESIDENTPRESIDENT
Name of key/compensated person   EVARISTO QUINONEZ RUIZEVARISTO QUINONEZ RUIZ
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org   0.000.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Ruiz, Juan
TitleEX PRESIDENTEX PRESIDENTEX PRESIDENTEX. PRESIDENTEX. PRESIDENT
Name of key/compensated personJUAN FIGUEROA RUIZJUAN FIGUEROA RUIZJUAN FIGUEROA RUIZJUAN FIGUEROA RUIZJUAN FIGUEROA RUIZ
Position of compensated person
Current officer  TrueTrueTrue
Current key employee (> $150k)True    
Highest compensated employees (>$100k) True   
Average hours per week working for org40404040.0040.00
Reportable compensation from org$112,896.00$110,822.00$118,023.00$116,565.00$111,188.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Torres, Orlando
Title   Vice PresidentVice President
Name of key/compensated person   ORLANDO RAMIREZ TORRESORLANDO RAMIREZ TORRES
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org   0.000.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Traverso, Doris
Title SECRETARY   
Name of key/compensated person DORIS M TRAVERSO   
Position of compensated person
Current individual trustee or director True   
Average hours per week working for org 0   
Reportable compensation from org $0.00   
Other comp, non-reportable, from org and related orgs $0.00   
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO PROMOTE THE SAVING AMONG ITS MEMBERS BY SAVINGS DEPOSITS AND FINANCING SERVICES.TO PROMOTE THE SAVING AMONG ITS MEMBERS BY SAVINGS DEPOSITS AND FINANCING SERVICES.TO PROMOTE THE SAVING AMONG ITS MEMBERS BY SAVINGS DEPOSITS AND FINANCING SERVICES.TO PROMOTE THE SAVING AMONG ITS MEMBERS BY SAVINGS DEPOSITS AND FINANCING SERVICES.TO PROMOTE THE SAVING AMONG ITS MEMBERS BY SAVINGS DEPOSITS AND FINANCING SERVICES.
Program service expenses, total$3,837,718.00$4,644,945.00$9,347,639.00$10,887,070.00$10,881,842.00
Programs, including revenue & expense
THE PRIMARY PURPOSE OF THE COOPERATIVE IS TO RECEIVE DEPOSITS FROM ITS PARTNERS IN THE FORM OF SAVINGS AND STOCK, AND PROVIDE A SOURCE OF FINANCING AT LOWER COST THAN OFFERED BY OTHER FINANCIAL INSTITUTIONS. THE COOPERATIVE OFFERS A VARIETY OF FINANCIAL SERVICES, INCLUDING BUT NOT LIMITED TO SAVINGS AND CHECKING ACCOUNTS, PERSONAL LOANS, MORTGAGE LOANS, COMMERCIAL LOANS, RESOLVING CREDIT LINES AND OTHERS FINANCING SERVICES.
Program expenses$3,837,718.00$4,644,945.00$9,347,639.00$10,887,070.00$10,881,842.00
Program revenue$11,877,107.00$16,299,003.00$19,929,283.00$20,806,477.00$21,567,943.00
Grants and allocations made  $0.00  
Program descriptionTHE PRIMARY PURPOSE OF THE COOPERATIVE IS TO RECEIVE DEPOSITS FROM ITS PARTNERS IN THE FORM OF SAVINGS AND STOCK, AND PROVIDE A SOURCE OF FINANCING AT LOWER COST THAN OFFERED BY OTHER FINANCIAL INSTITUTIONS. THE COOPERATIVE OFFERS A VARIETY OF FINANCIAL SERVICES, INCLUDING BUT NOT LIMITED TO SAVINGS AND CHECKING ACCOUNTS, PERSONAL LOANS, MORTGAGE LOANS, COMMERCIAL LOANS, RESOLVING CREDIT LINES AND OTHERS FINANCING SERVICES.THE PRIMARY PURPOSE OF THE COOPERATIVE IS TO RECEIVE DEPOSITS FROM ITS PARTNERS IN THE FORM OF SAVINGS AND STOCK, AND PROVIDE A SOURCE OF FINANCING AT LOWER COST THAN OFFERED BY OTHER FINANCIAL INSTITUTIONS. THE COOPERATIVE OFFERS A VARIETY OF FINANCIAL SERVICES, INCLUDING BUT NOT LIMITED TO SAVINGS AND CHECKING ACCOUNTS, PERSONAL LOANS, MORTGAGE LOANS, COMMERCIAL LOANS, RESOLVING CREDIT LINES AND OTHERS FINANCING SERVICES.THE PRIMARY PURPOSE OF THE COOPERATIVE IS TO RECEIVE DEPOSITS FROM ITS PARTNERS IN THE FORM OF SAVINGS AND STOCK, AND PROVIDE A SOURCE OF FINANCING AT LOWER COST THAN OFFERED BY OTHER FINANCIAL INSTITUTIONS. THE COOPERATIVE OFFERS A VARIETY OF FINANCIAL SERVICES, INCLUDING BUT NOT LIMITED TO SAVINGS AND CHECKING ACCOUNTS, PERSONAL LOANS, MORTGAGE LOANS, COMMERCIAL LOANS, RESOLVING CREDIT LINES AND OTHERS FINANCING SERVICES.THE PRIMARY PURPOSE OF THE COOPERATIVE IS TO RECEIVE DEPOSITS FROM ITS PARTNERS IN THE FORM OF SAVINGS AND STOCKS, AND PROVIDE A SOURCE OF FINANCING AT A LOWER COST THAN THAT OFFERED BY OTHER FINANCIAL INSTITUTIONS. THE COOPERATIVE OFFERS A VARIETY OF FINANCIAL SERVICES, INCLUDING BUT NOT LIMITED TO SAVINGS AND CHECKING ACCOUNTS, PERSONAL LOANS, MORTGAGE LOANS, COMMERCIAL LOANS, REVOLVING CREDIT LINES, ETC.THE PRIMARY PURPOSE OF THE COOPERATIVE IS TO RECEIVE DEPOSITS FROM ITS PARTNERS IN THE FORM OF SAVINGS AND STOCKS, AND PROVIDE A SOURCE OF FINANCING AT A LOWER COST THAN THAT OFFERED BY OTHER FINANCIAL INSTITUTIONS. THE COOPERATIVE OFFERS A VARIETY OF FINANCIAL SERVICES, INCLUDING BUT NOT LIMITED TO SAVINGS AND CHECKING ACCOUNTS, PERSONAL LOANS, MORTGAGE LOANS, COMMERCIAL LOANS, REVOLVING CREDIT LINES, ETC.
Financial data
Revenue
Total revenue, current year$13,015,218.00$17,794,261.00$21,093,823.00$20,459,562.00$24,298,353.00
Program service revenue, current year$11,877,107.00$16,299,003.00$19,929,283.00$20,806,477.00$21,567,943.00
Investment income, current year$165,741.00$252,217.00$117,988.00-$1,371,981.00$1,514,400.00
Total revenue from grants, etc., current year$0.00$0.00$0.00$0.00$0.00
Total unrelated business revenue    $0.00
Other revenue, current year$972,370.00$1,243,041.00$1,046,552.00$1,025,066.00$1,216,010.00
Net unrelated business taxable revenue$0.00$0.00$0.00  
Program service revenue (total)$11,877,107.00$16,299,003.00$19,929,283.00$20,806,477.00$21,567,943.00
Other types of revenue
Royalties (total)$0.00$0.00$0.00$0.00$0.00
Miscellaneous revenue (total)$473,037.00$708,968.00$554,944.00$507,256.00$715,294.00
Net revenue from gaming (total)   $0.00$0.00
Investment income$115,037.00$263,411.00$406,827.00$185,734.00$182,128.00
Net rental income$499,333.00$534,073.00$491,608.00$517,810.00$500,716.00
Net income from fundraising events   $0.00$0.00
Net inventory sales (total)   $0.00$0.00
Expense categories (totals)
Total expenses, current year$15,828,415.00$15,068,904.00$24,000,218.00$22,152,805.00$22,162,085.00
Total functional expenses: program service $3,837,718.00$4,644,945.00$9,347,639.00$10,887,070.00$10,881,842.00
Total functional expenses: management and general$11,990,697.00$10,423,959.00$14,652,579.00$11,265,735.00$11,280,243.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Lobbying fees (total)  $0.00$0.00$0.00
Total functional expenses: legal fees  $0.00$0.00$0.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
General management fees (total)  $0.00$0.00$0.00
Investment management fees (total)  $0.00$0.00$0.00
Assets and liabilities
Total assets, end of year$315,263,231.00$362,361,019.00$374,977,043.00$414,158,316.00$465,424,838.00
Total assets, beginning of current year$362,361,019.00$374,977,043.00$414,158,316.00$465,424,838.00$477,250,084.00
Total liabilities, end of year$313,584,455.00$357,359,928.00$400,055,062.00$438,904,861.00$459,457,937.00
Total liabilities, beginning of year$357,359,928.00$400,055,062.00$438,904,861.00$459,457,937.00$463,996,454.00
Pledges & accounts receivable, net $0.00$0.00$0.00$0.00
Loans & receivables from key persons$436,322.00$542,466.00$0.00$0.00$0.00
Net assets, end of year$1,678,776.00$5,001,091.00-$25,078,019.00-$24,746,545.00$5,966,901.00
Net assets, beginning of current year$5,001,091.00-$25,078,019.00-$24,746,545.00$5,966,901.00$13,253,630.00
Other liabilities$312,343,230.00$356,585,176.00$399,044,082.00$437,778,008.00$457,967,092.00
Intangible assets  $0.00$0.00$0.00
Other assets$61,157,258.00$51,826,114.00$32,103,234.00$34,685,589.00$34,084,980.00
Investments: other securities$11,070,488.00$10,960,788.00$10,702,288.00$10,175,889.00$10,082,936.00
Investments: publicly traded securities   $0.00$0.00
Cash: non-interest bearing, end of year$11,379,490.00$22,917,280.00$26,145,649.00$31,965,739.00$34,764,252.00
Cash: non-interest bearing, beginning of year$22,917,280.00$26,145,649.00$31,965,739.00$34,764,252.00$31,682,204.00
Inventories for sale or use, end of year$0.00$0.00$0.00$0.00$0.00
Gross receipts$18,371,688.00$22,176,777.00$23,729,337.00$26,471,108.00$44,566,589.00
Revenue less expenses, current year-$2,813,197.00$2,725,357.00-$2,906,395.00-$1,693,243.00$2,136,268.00
Advertising (total)$246,848.00$271,476.00$229,713.00$208,144.00$232,674.00
Savings & temp cash invest$1,600,000.00$575,735.00$1,046,864.00$1,084,696.00$1,111,033.00
Accounts receivable, net$160,487,089.00$187,017,613.00$206,274,010.00$231,611,056.00$256,758,211.00
Prepaid expenses & deferred charges$0.00$0.00$1,690,563.00$1,682,032.00$1,678,456.00
Accounts payable & accrued expenses$1,241,225.00$774,752.00$1,010,980.00$1,126,853.00$1,490,845.00
Total net assets or fund balances, end of year$1,678,776.00$5,001,091.00-$25,078,019.00-$24,746,545.00$5,966,901.00
Depreciation, depletion, amortization$541,522.00$576,691.00$1,159,047.00$911,631.00$983,266.00
Payment to affiliates  $0.00$0.00$0.00
Governance and accountability
Number of voting members99999
Number of independent voting members99000
Accrual accountingTrueTrueTrueTrueTrue
Financial sheets were auditedTrueTrueTrueTrueTrue
Audit on consolidated basisTrueTrueTrueTrueTrue
Tax year start date2016-01-012015-01-012014-01-012013-01-012012-01-01
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Checklist of schedules (selected)
Outstanding loan to key person or disqualified personTrueTrueTrueTrueTrue
Org has controlled entityTrueTrueTrueTrueTrue
Metadata about the filing
Return type: 990, 990EZ, or 990PF990990990990990
IRS schema version2016v3.02015v2.12014v5.02013v3.12012v2.0
Filing identifier201701659349301000201601559349300710201532169349300008201433219349306293201303199349304950
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