COOPERATIVA AHORRO Y CREDITO ABRAHAM ROSA

Address
HC 01 BOX 9087
TOA BAJA, PR 00949
Contact
Website: http://arcoop.com
Phone: +1 (787) 622-3055
Nonprofit
EIN: 66-0313974
Year formed: 1960

Mission

THE ORGANIZATION DOES SAVINGS AND DEPOSITS
 20172016201520142013
Basic features of the organization
Year of formation1960
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$289,891.00$253,396.00$248,149.00$263,801.00$254,759.00
Sum of reportable (W2/1099) compensation$289,891.00$253,396.00$248,149.00$263,801.00$254,759.00
Number of employees4041394149
Number of people compensated >$100k11111
Number of volunteers00000
Number of highly compensated contractors 0000
Personnel
Cortes, Sol
TitleVICE PRESIDENT OF OPERATIONSVICE PRESIDENT OF OPERATIONSVICE PRESIDENT OF OPERATIONSVICE PRESIDENT OF OPERATIONSVICE PRESIDENT OF OPERATIONS
Name of key/compensated personSOL M MATIAS CORTESSOL M MATIAS CORTESSOL M MATIAS CORTESSOL M MATIAS CORTESSOL M MATIAS CORTES
Position of compensated person
Current key employee (> $150k)TrueTrueTrueTrueTrue
Average hours per week working for org5050505050
Reportable compensation from org$70,674.00$54,513.00$56,413.00$58,892.00$50,740.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs00000
Lara, Wanda
TitleCONTROLLERCONTROLLERCONTROLLERCONTROLLERCONTROLLER
Name of key/compensated personWANDA E REYES LARAWANDA E REYES LARAWANDA E REYES LARAWANDA E REYES LARAWANDA E REYES LARA
Position of compensated person
Current key employee (> $150k)TrueTrueTrueTrueTrue
Average hours per week working for org5050505050
Reportable compensation from org$39,537.00$39,374.00$35,667.00$47,562.00$47,562.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs00000
Negron, Luis
TitleVICE PRESIDENT OF CREDITVICE PRESIDENT OF CREDITVICE PRESIDENT OF CREDITVICE PRESIDENT OF CREDITVICE PRESIDENT OF CREDIT
Name of key/compensated personLUIS A RIVERA NEGRONLUIS A RIVERA NEGRONLUIS A RIVERA NEGRONLUIS A RIVERA NEGRONLUIS A RIVERA NEGRON
Position of compensated person
Current key employee (> $150k)TrueTrueTrueTrueTrue
Average hours per week working for org5050505050
Reportable compensation from org$60,146.00$48,152.00$48,267.00$52,389.00$52,210.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs00000
Roman, Luis
TitlePRESIDENTPRESIDENTPRESIDENTPRESIDENTPRESIDENT
Name of key/compensated personLUIS R LOPEZ ROMANLUIS R LOPEZ ROMANLUIS R LOPEZ ROMANLUIS R LOPEZ ROMANLUIS R LOPEZ ROMAN
Position of compensated person
Average hours per week working for org5050505050
Reportable compensation from org$119,534.00$111,357.00$107,802.00$104,958.00$104,247.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs00000
Purpose: mission, activities, & accomplishments
Mission or significant activitiesIT IS A NON PROFIT ORGANIZATION PRIMARILY ENGAGED TO RECEIVE SAVINGS FROM ITS MEMBERS IN THE FORM OF SHARES AND DEPOSITSIT IS A NON PROFIT ORGANIZATION PRIMARILY ENGAGED TO RECEIVE SAVINGS FROM ITS MEMBERS IN THE FORM OF SHARES AND DEPOSITSIT IS A NON PROFIT ORGANIZATION PRIMARILY ENGAGED TO RECEIVE SAVINGS FROM ITS MEMBERS IN THE FORM OF SHARES AND DEPOSITSIT IS A NON PROFIT ORGANIZATION PRIMARILY ENGAGED TO RECEIVE SAVINGS FROM ITS MEMBERS IN THE FORM OF SHARES AND DEPOSITS.IT IS A NON PROFIT ORGANIZATION PRIMARILY ENGAGED TO RECEIVE SAVINGS FROM ITS MEMBERS IN THE FORM OF SHARES AND DEPOSITS.
Program service expenses, total$0.00$0.00$0.00$0.00$0.00
Programs, including revenue & expenses
THE ORGANIZATION HAD INTEREST INCOME AND OTHER INCOME FROM ITS OPERATIONS OF $2,976,724 AND IT HAD TOTAL EXPENSES OF $4,355,918.
Program descriptionTHE ORGANIZATION HAD INTEREST INCOME AND OTHER INCOME FROM ITS OPERATIONS OF $2,976,724 AND IT HAD TOTAL EXPENSES OF $4,355,918.THE ORGANIZATION HAD INTEREST INCOME AND OTHER INCOME FROM ITS OPERATIONS OF 3,675,308 AND IT HAD TOTAL EXPENSES OF 4,383,095.THE ORGANIZATION HAD INTEREST INCOME AND OTHER INCOME FROM ITS OPERATIONS OF 4,446,345 AND IT HAD TOTAL EXPENSES OF 4,094,903.THE ORGANIZATION HAD INTEREST INCOME AND OTHER INCOME FROM ITS OPERATIONS OF 4,620,894 AND IT HAD TOTAL EXPENSES OF 4,139,917.THE ORGANIZATION HAD INTEREST INCOME AND OTHER INCOME FROM ITS OPERATIONS OF 4,410,644 AND IT HAD TOTAL EXPENSES OF 4,396,373.
Financial data
Revenue
Total revenue$2,976,724.00$3,675,308.00$4,446,345.00$4,620,894.00$4,410,644.00
Revenue from contributions (total)$0.00$0.00$0.00$0.00$0.00
Investment income, current yr$2,597,269.00$3,232,488.00$3,968,247.00$4,100,142.00$3,732,152.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00$0.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$379,455.00$442,820.00$478,098.00$520,752.00$678,492.00
Net unrelated business taxable revenue$0.00$0.00$0.00$0.00$0.00
Program service revenue (total)$0.00$0.00$0.00$0.00$0.00
Gross receipts$2,976,724.00$3,675,308.00$4,446,345.00$4,620,894.00$4,410,644.00
Other types of revenue
Royalties (total)$0.00$0.00$0.00$0.00$0.00
Miscellaneous revenue (total)$379,455.00$442,820.00$478,098.00$520,752.00$678,492.00
Income from dividends, interest, and similar investments$2,597,269.00$3,232,488.00$3,968,247.00$4,100,142.00$3,732,152.00
Expense categories (totals)
Total functional expenses: sum of all$4,355,918.00$4,383,095.00$4,094,903.00$4,139,917.00$4,396,373.00
Total functional expenses: program service $0.00$0.00$0.00$0.00$0.00
Total functional expenses: management and general$4,355,918.00$4,383,095.00$4,094,903.00$4,139,917.00$4,396,373.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$88,292,873.00$90,907,456.00$96,591,638.00$95,213,198.00$93,021,407.00
Total assets, beginning of year$90,907,456.00$96,591,638.00$95,213,198.00$93,021,407.00$90,623,152.00
Total liabilities$72,760,080.00$73,325,428.00$77,219,497.00$75,483,155.00$72,374,844.00
Total liabilities, beginning of year$73,325,428.00$77,219,497.00$75,483,155.00$72,374,844.00$69,822,517.00
Loans & receivables from key persons$1,086,342.00$1,092,555.00$1,090,795.00$1,137,373.00$117,720.00
Net assets$15,532,793.00$17,582,028.00$19,372,141.00$19,730,043.00$20,646,563.00
Net assets, beginning of year$17,582,028.00$19,372,141.00$19,730,043.00$20,646,563.00$20,800,635.00
Other liabilities$72,178,379.00$72,671,534.00$76,509,922.00$74,715,703.00$71,555,517.00
Other assets$7,899,124.00$7,505,967.00$5,334,250.00$896,124.00$744,720.00
Investments: other securities$3,060,408.00$3,048,235.00$3,023,908.00$2,963,300.00$2,822,598.00
Investments: publicly traded securities$29,531,593.00$15,277,152.00$17,845,271.00$23,983,608.00$23,676,731.00
Cash: non-interest bearing$9,144,114.00$24,833,968.00$18,825,259.00$16,932,723.00$17,554,072.00
Cash: non-interest bearing, beginning of year$24,833,968.00$18,825,259.00$16,932,723.00$17,554,072.00$17,737,244.00
Other financial variables
Revenue less expenses-$1,379,194.00-$707,787.00$351,442.00$480,977.00$14,271.00
Advertising (total)$39,889.00$46,014.00$54,535.00$53,050.00$64,544.00
Savings & temp cash investment$2,400,000.00$5,100,000.00$14,700,000.00$11,750,000.00$9,250,000.00
Accounts receivable, net   $32,573,080.00$33,791,044.00
Accounts payable & accrued expenses$581,701.00$653,894.00$709,575.00$767,452.00$819,327.00
Total net assets or fund balances$15,532,793.00$17,582,028.00$19,372,141.00$19,730,043.00$20,646,563.00
Depreciation, depletion, amortization$311,861.00$278,078.00$249,179.00$247,037.00$220,379.00
Governance and accountability
Number of voting members77777
Number of independent voting members77777
Financial sheets auditedTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2017-01-012016-01-012015-01-012014-01-012013-01-01
Tax year end date2017-12-012016-12-012015-12-012014-12-012013-12-01
Has local chaptersTrueTrueTrueTrueTrue
Indicators for schedules (selected)
Outstanding loan to key person or disqualified personTrueTrueTrueTrueTrue
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2018-09-262017-09-152016-10-052015-08-192014-09-23
IRS schema version2017v2.02016v3.02015v2.12014v5.02013v3.0
Filing identifier201801839349300950201741579349300044201611539349300216201501839349300815201412269349301171
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