COOPERATIVA AHORRO Y CREDITO INDUSTRIA BIOFARMACEUTICA

Address
VILLA CAROLINA C9 AVE ROBERTO CLEME
CAROLINA, PR 00985
RQ
Contact
Website: http://www.biopharma.coop
Phone: +1 (787) 701-5555
Nonprofit
EIN: 66-0347008
Year formed: 1971

Mission

SAVINGS AND CREDIT UNION OPERATIONS
 20162015201420132012
Basic features of the organization
Year of formation1971
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$259,168.00$250,070.00$214,219.00$294,737.00$287,206.00
Sum of reportable (W2/1099) compensation$259,168.00$250,069.00$214,219.00$294,737.00$287,206.00
Number of employees3836473833
Number of people compensated >$100k00000
Number of volunteers000 0
Number of highly compensated contractors0000 
Personnel
Bracero, Griselle
Title   MANAGERMANAGER
Name of key/compensated person   GRISELLE BRACEROGRISELLE BRACERO
Position of compensated person
Current key employee (> $150k)   TrueTrue
Average hours per week working for org   4040
Reportable compensation from org   $62,029.00$57,257.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Average hours per week working for related orgs   00
Colon, Maribel
TitlePRESIDENTPRESIDENTPRESIDENTPRESIDENTPRESIDENT
Name of key/compensated personMARIBEL COLONMARIBEL COLONMARIBEL COLONMARIBEL COLONMARIBEL COLON
Position of compensated person
Average hours per week working for org4040404040
Reportable compensation from org$90,070.00$86,390.00$82,548.00$71,408.00$63,033.00
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
Cruz, Antonio
TitleCONTROLLERCOMPTROLLERCOMPTROLLER  
Name of key/compensated personANTONIO CRUZANTONIO CRUZANTONIO CRUZ  
Position of compensated person
Current key employee (> $150k)TrueTrueTrue  
Average hours per week working for org404040  
Reportable compensation from org$57,194.00$52,590.00$23,535.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Average hours per week working for related orgs000  
Hernandez, Tania
Title   COMPTROLLERCOMPTROLLER
Name of key/compensated person   TANIA HERNANDEZTANIA HERNANDEZ
Position of compensated person
Current key employee (> $150k)   TrueTrue
Average hours per week working for org   4040
Reportable compensation from org   $62,481.00$62,388.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Average hours per week working for related orgs   00
Quinones, Pedro
TitleVP OPERATIONSVP OPERATIONSVP OPERATIONSVP OPERATIONSVP OPERATIONS
Name of key/compensated personPEDRO QUINONESPEDRO QUINONESPEDRO QUINONESPEDRO QUINONESPEDRO QUINONES
Position of compensated person
Current key employee (> $150k)TrueTrueTrueTrueTrue
Average hours per week working for org4040404040
Reportable compensation from org$56,589.00$54,730.00$55,559.00$46,400.00$50,104.00
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 orgs000040
de la Nuez, Adriano
TitleVP INFORMATIONVP INFORMATIONVP INFORMATIONVP INFORMATIONVP INFORMATION
Name of key/compensated personADRIANO DE LA NUEZADRIANO DE LA NUEZADRIANO DE LA NUEZADRIANO DE LA NUEZADRIANO DE LA NUEZ
Position of compensated person
Current key employee (> $150k)TrueTrueTrueTrueTrue
Average hours per week working for org4040404040
Reportable compensation from org$55,315.00$56,359.00$52,577.00$52,419.00$54,424.00
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 activitiesA NON PROFIT ORGANIZATION PRIMARILY ENGAGED TO RECEIVE SAVINGS FROM ITS MEMBERS IN THE FORM OF SHARES AND DEPOSITSA NON PROFIT ORGANIZATION PRIMARILY ENGAGED TO RECEIVE SAVINGS FROM ITS MEMBERS IN THE FORM OF SHARES AND DEPOSITSA NON PROFIT ORGANIZATION PRIMARILY ENGAGED TO RECEIVE SAVINGS FROM ITS MEMBERS IN THE FORM OF SHARES AND DEPOSITSA NON PROFIT ORGANIZATION PRIMARILY ENGAGED TO RECEIVE SAVINGS FROM ITS MEMBERS IN THE FORM OF SHARES AND DEPOSITSA 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 GENERATED INTEREST INCOME FROM ITS OPERATIONS OF 3,673,647 AND IT ALSO HAD OTHER INCOME OF 679,764 FOR TOTAL REVENUES OF 4,353,411. THE ORGANIZATION HAD TOTAL EXPENSES OF 4,350,657 RESULTING IN REVENUES IN EXCESS OF EXPENSES OF 2,754 DURING 2016.
Program descriptionTHE ORGANIZATION GENERATED INTEREST INCOME FROM ITS OPERATIONS OF 3,673,647 AND IT ALSO HAD OTHER INCOME OF 679,764 FOR TOTAL REVENUES OF 4,353,411. THE ORGANIZATION HAD TOTAL EXPENSES OF 4,350,657 RESULTING IN REVENUES IN EXCESS OF EXPENSES OF 2,754 DURING 2016.THE ORGANIZATION GENERATED INTEREST INCOME FROM ITS OPERATIONS OF 4,270,256 AND IT ALSO HAD OTHER INCOME OF446,530 FOR TOTAL REVENUES OF 4,716,786. THE ORGANIZATION HAD TOTAL EXPENSES OF 3,277,008 RESULTING IN REVENUES IN EXCESS OF EXPENSES OF 1,439,778 DURING 2015.THE ORGANIZATION GENERATED INTEREST INCOME FROM ITS OPERATIONS OF 3,990,487 AND IT ALSO HAD OTHER INCOME OF 422,451 FOR TOTAL REVENUES OF 4,412,938. THE ORGANIZATION HAD TOTAL EXPENSES OF 2,880,705 RESULTING IN REVENUES IN EXCESS OF EXPENSES OF 1,532,233 DURING 2014.THE ORGANIZATION GENERATED INTEREST INCOME FROM ITS OPERATIONS OF 3,408,327 AND IT ALSO HAD OTHER INCOME OF 676,198 FOR TOTAL REVENUES OF 4,084,525. THE ORGANIZATION HAD TOTAL EXPENSES OF 2,772,145 RESULTING IN REVENUES IN EXCESS OF EXPENSES OF 1,312,380 DURING 2013.THE ORGANIZATION GENERATED INTEREST INCOME FROM ITS OPERATIONS OF 3,352,210 AND IT ALSO HAD OTHER INCOME OF 632,862 FOR TOTAL REVENUES OF 3,985,072. THE ORGANIZATION HAD TOTAL EXPENSES OF 2,577,432 RESULTING IN REVENUES IN EXCESS OF EXPENSES OF 1,407,640 DURING 2012.
Financial data
Revenue
Total revenue$4,353,411.00$4,716,786.00$4,412,938.00$4,084,525.00$3,985,072.00
Revenue from contributions (total)$0.00$0.00$0.00$0.00$0.00
Investment income, current yr$3,673,647.00$4,270,256.00$3,990,487.00$3,408,327.00$3,352,210.00
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$679,764.00$446,530.00$422,451.00$676,198.00$632,862.00
Net unrelated business taxable revenue$0.00$0.00$0.00 $0.00
Program service revenue (total)$0.00$0.00$0.00$0.00$0.00
Gross receipts$4,353,411.00$4,716,786.00$4,412,938.00$4,084,525.00$3,985,072.00
Other types of revenue
Royalties (total)$0.00$0.00$0.00$0.00$0.00
Miscellaneous revenue (total)$679,764.00$446,530.00$422,451.00$676,198.00$632,862.00
Income from dividends, interest, and similar investments$3,673,647.00$4,270,256.00$3,990,487.00$3,408,327.00$3,352,210.00
Expense categories (totals)
Total functional expenses: sum of all$4,350,657.00$3,277,008.00$2,880,705.00$2,772,145.00$2,577,432.00
Total functional expenses: program service $0.00$0.00$0.00$0.00$0.00
Total functional expenses: management and general$4,350,657.00$3,277,008.00$2,880,705.00$2,772,145.00$2,577,432.00
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$73,617,434.00$74,931,737.00$72,892,080.00$69,246,053.00$65,446,367.00
Total assets, beginning of year$74,931,737.00$72,892,080.00$69,246,053.00$65,446,367.00$62,420,837.00
Total liabilities$37,260,065.00$23,964,923.00$21,865,936.00$20,004,726.00$19,104,907.00
Total liabilities, beginning of year$23,964,923.00$21,865,936.00$20,004,726.00$19,104,907.00$19,261,756.00
Loans & receivables from key persons$371,225.00$163,896.00$206,771.00$84,336.00$68,565.00
Net assets$36,357,369.00$50,966,814.00$51,026,144.00$49,241,327.00$46,341,460.00
Net assets, beginning of year$50,966,814.00$51,026,144.00$49,241,327.00$46,341,460.00$43,159,081.00
Other liabilities$35,866,701.00$22,391,731.00$20,296,681.00$18,483,057.00$17,375,237.00
Other assets$6,835,291.00$3,304,180.00$1,343,184.00$1,916,111.00$1,589,745.00
Investments: other securities$1,032,881.00$1,029,962.00$990,209.00$855,272.00$814,667.00
Investments: publicly traded securities$15,847,850.00$20,003,644.00$21,992,060.00$21,416,294.00$13,612,917.00
Cash: non-interest bearing$5,094,518.00$3,507,061.00$4,384,715.00$6,930,630.00$13,424,061.00
Cash: non-interest bearing, beginning of year$3,507,061.00$4,384,715.00$6,930,630.00$13,424,061.00$7,901,515.00
Other financial variables
Revenue less expenses$2,754.00$1,439,778.00$1,532,233.00$1,312,380.00$1,407,640.00
Advertising (total)$67,571.00$62,229.00$54,436.00$39,037.00$69,778.00
Savings & temp cash investment $1,400,000.00$2,400,000.00$750,000.00$750,000.00
Accounts payable & accrued expenses$913,364.00$1,093,192.00$1,089,255.00$1,041,669.00$1,249,670.00
Unsecured notes & loans to unrelated parties$480,000.00$480,000.00$480,000.00$480,000.00$480,000.00
Total net assets or fund balances$36,357,369.00$50,966,814.00$51,026,144.00$49,241,327.00$46,341,460.00
Depreciation, depletion, amortization$188,856.00$194,427.00$176,954.00$105,120.00$104,335.00
Governance and accountability
Number of voting members1111111111
Number of independent voting members1111111111
Financial sheets auditedTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
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
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 submitted2017-10-242016-10-122015-09-112014-10-032013-11-22
IRS schema version2016v3.02015v2.12014v5.02013v3.02012v2.0
Filing identifier201712029349300146201641529349300114201502159349300115201412279349302336201332249349301053
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