Overview
What is Cooperativa De Ahorro Y Credito De Rincon?
Cooperativa De Ahorro Y Credito De Rincon, a nonprofit organization based in Rincon, Puerto Rico, obtained savings deposits from its members as shares and financing sources, adhering to the cooperative movement philosophy. With approximately 30,000 members, this tax-exempt institution serves its community by providing interest and insurance benefits. The organization, with a workforce of 87 employees, aims to save and finance in accordance with cooperative principles.
Official website here: www.cooprincon.com
Is Cooperativa De Ahorro Y Credito De Rincon legitimate?
Cooperativa De Ahorro Y Credito De Rincon is a legitimate nonprofit organization registered as a 501(c)(14) entity. Cooperativa De Ahorro Y Credito De Rincon 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,753,978
For more financial information, click here
Official website here: www.cooprincon.com
What is the mission statement of Cooperativa De Ahorro Y Credito De Rincon?
Cooperativa De Ahorro Y Credito De Rincon is a cooperative that focuses on obtaining savings deposits from its members to be used as financing sources, adhering to the cooperative movement philosophy. The institution serves around 30,000 members and offers financing terms, conditions, interest benefits, and insurance in accordance with this philosophy. During the fiscal year ending on June 30, 2021, the cooperative successfully acquired savings deposits from its members, transforming them into shares and deposits. By doing so, it ensures that it has a steady source of financing to support its members' needs. The cooperative operates as a tax-exempt organization and is dedicated to providing financial benefits while staying true to the cooperative movement's principles.
Official website here: www.cooprincon.com
Who is the CEO of Cooperativa De Ahorro Y Credito De Rincon?
Carmelo Rosario Nieves is the Executive President of Cooperativa De Ahorro Y Credito De Rincon.
Official website here: www.cooprincon.com
What is the revenue of Cooperativa De Ahorro Y Credito De Rincon?
Cooperativa De Ahorro Y Credito De Rincon's revenue in 2021 was $27,176,725.
Official website here: www.cooprincon.com
Who are the executives of Cooperativa De Ahorro Y Credito De Rincon and what are their salaries?
Where can I find the form 990 for Cooperativa De Ahorro Y Credito De Rincon?
The Cooperativa De Ahorro Y Credito De Rincon’s most recent form 990 was submitted in 2021 and can be accessed here
Official website here: www.cooprincon.com
Learn more at the official website: www.cooprincon.com
Mission Statement of Cooperativa De Ahorro Y Credito De Rincon
Cooperativa De Ahorro Y Credito De Rincon, a tax-exempt organization with approximately 30,000 members, is dedicated to the cooperative movement philosophy. In simple terms, this organization obtains savings deposits from its members, acting as both a savings and financing source. Through this approach, it provides financial services that cater to the cooperative spirit. The fiscal year ending on June 30, 2021, was marked by the successful acquisition of savings deposits, allowing the institution to offer financing terms, conditions, interest, and insurance benefits in line with the cooperative philosophy. By fostering a sense of community and mutual support, Cooperativa De Ahorro Y Credito De Rincon empowers its members to save and invest collectively, creating a thriving financial ecosystem.
Impact
This information is meant to be a general summary of Cooperativa De Ahorro Y Credito De Rincon. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Cooperativa De Ahorro Y Credito De Rincon's impact lies in its ability to provide essential financial services to its approximately 30,000 members in Rincon, Puerto Rico. By obtaining savings deposits in the form of shares and deposits and offering financing options, this institution plays a crucial role in supporting the financial well-being of its members in accordance with the cooperative movement philosophy. Through its tax-exempt status and focus on public benefit, Cooperativa De Ahorro Y Credito De Rincon contributes to the economic empowerment and stability of the community it serves.
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 2021.
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COMSUMER LENDING
Revenue
$19,025,669
Organization Details
Founding Year
1955
Phone
(787) 823-1515
Principal Officer
Carmelo Rosario Nieves
Main Address
PO BOX 608, RINCON, PR, 006670608
Website
www.cooprincon.com
NTEE Category
Code: W60 - Public benefit
If you are a representative of Cooperativa De Ahorro Y Credito De Rincon and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.