Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 66-0206444

COOPERATIVE DE AHORRO Y CREDITO DE LARE

Also known as DE LARE

Tax-exempt · LARES, PR 00669

Financials

$15.9M$10.1M2023$15M$10.9M2024$17M$11.9M2025
Revenue Expenses · by fiscal year end
Financials of COOPERATIVE DE AHORRO Y CREDITO DE LARE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$17,047,150$11,917,023$5,130,127$238,785,373$167,255,326$71,530,047
December 31, 2024990$15,017,332$10,918,826$4,098,506$231,162,182$166,181,632$64,980,550
December 31, 2023990$15,865,234$10,086,130$5,779,104$222,090,136$161,222,848$60,867,288
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$14,343,457
Other revenue
$2,703,693

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$682,052
Other salaries and wages
$2,446,848
Salaries, compensation and benefits (total)
$3,775,400
Professional fundraising fees
$0
Occupancy
$119,201
Travel
$15,172
Depreciation
$546,205
Management and general (functional)
$11,917,023

Balance sheet and other

Total assets, start of year
$231,162,182
Total assets, end of year
$238,785,373
Total liabilities, end of year
$167,255,326
Net assets, end of year
$71,530,047
Land, buildings and equipment
$14,126,729
Publicly traded securities
$46,877,009
Gross receipts
$17,047,150
Employees
74
Volunteers
11
Year formed
1949
State of legal domicile
PR

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
CARLOS DE JESUSPRESIDENT
Highest-paid employee
40$169,998$14,667
JOSE J MERCADO MEDINAMANAGER OF OPERATIONS
Key employee
40$85,280$7,107
CARLOS J CENTENO PEREZMANAGER OF DEPARMET CON SYSTEM
Key employee
40$74,630$6,219
JOHNNY MONTANEZ VARGASCONTROLLER
Key employee
40$69,160$5,763
ISRAEL RIVERA RIVERAMANAGER
Key employee
40$67,184$5,599
JAHEIRA CUEVASACCOUNTING SUPERVISOR
Key employee
40$62,400$5,200
EDUARD IRIZARRY JIMENEZMANAGER
Key employee
40$52,520$4,377
JEANNETTE JIMENEZ RODRIGUEZMANAGER
Key employee
40$52,000$4,333
MARYBELIS ACEVEDO ORTIZMANAGER
Key employee
40$48,880$4,073
990 for the year ended December 31, 2024: 9 people
NameTitleHours / weekCompensation
CARLOS DE JESUSPRESIDENT
Highest-paid employee
40$147,254
JOSE J MERCADO MEDINAMANAGER OF OPERATIONS
Key employee
40$92,417
CARLOS J CENTENO PEREZMANAGER OF DEPARMET CON SYSTEM
Key employee
40$69,382
JOHNNY MONTANEZ VARGASCONTROLLER
Key employee
40$67,188
ISRAEL RIVERA RIVERAMANAGER
Key employee
40$63,675
JAHEIRA CUEVASACCOUNTING SUPERVISOR
Key employee
40$57,994
JEANNETTE JIMENEZ RODRIGUEZMANAGER
Key employee
40$55,094
EDUARD IRIZARRY JIMENEZMANAGER
Key employee
40$53,209
MARYBELIS ACEVEDO ORTIZMANAGER
Key employee
40$45,005
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensation
CARLOS DE JESUSPRESIDENT
Highest-paid employee
40$116,688
JOSE J MERCADO MEDINAMANAGER OF OPERATIONS
Key employee
40$78,000
CARLOS J CENTENO PEREZMANAGER OF DEPARMET CON SYSTEM
Key employee
40$72,280
MOISES TOMASSINI RODRIGUEZMANAGER
Key employee
40$69,680
JOHNNY MONTANEZ VARGASCONTROLLER
Key employee
40$66,040
ISRAEL RIVERA RIVERAMANAGER
Key employee
40$65,000
ENID G SOTO VELAZQUEZOFICCER OF COMPLIENCE
Key employee
40$59,280
ANELIS SANCHEZ PEREZHUMAN RESOURCES OFFICER
Key employee
40$56,160
JAHEIRA CUEVASACCOUNTING SUPERVISOR
Key employee
40$55,120
JEANNETTE JIMENEZ RODRIGUEZMANAGER
Key employee
40$49,920
EDUARD IRIZARRY JIMENEZMANAGER
Key employee
40$49,920
MARYBELIS ACEVEDO ORTIZMANAGER
Key employee
40$45,760

Address and contacts

Address (IRS master file)
PO BOX 362, LARES, PR 00669-0362
In care of
% CARLOS DE JESUS
Principal officer (990 for 2025)
CARLOS DE JESUS, PO BOX 362, LARES, PR 00669
Signed the 990
JOHNNY MONTANEZ VARGAS, COMPTROLLER
Phone
(787) 897-2220
Return prepared by
GONZALEZ TORRES & CO CPA PSC

Mission

SAVINGS AND CREDIT UNION OPERATION

990 for the year ended December 31, 2025

Program accomplishments

  • INTEREST INCOME AND OTHER INCOME OF 17,047,150 AND TOTAL EXPENSES OF 11,917,023.0

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
66-0206444
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1991
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$238,785,373
Income (IRS master file)
$17,047,150

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$17,047,150$11,917,023$238,785,373XML
990December 2024$15,017,332$10,918,826$231,162,182XML
990December 2023$15,865,234$10,086,130$222,090,136XML
990December 2022$12,301,363$9,119,157$209,138,285IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 66-0206444).

Questions about COOPERATIVE DE AHORRO Y CREDITO DE LARE

What is the EIN of COOPERATIVE DE AHORRO Y CREDITO DE LARE?
The employer identification number (EIN) of COOPERATIVE DE AHORRO Y CREDITO DE LARE is 66-0206444.
Is COOPERATIVE DE AHORRO Y CREDITO DE LARE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1991.
Are donations to COOPERATIVE DE AHORRO Y CREDITO DE LARE tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does COOPERATIVE DE AHORRO Y CREDITO DE LARE file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of COOPERATIVE DE AHORRO Y CREDITO DE LARE due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did COOPERATIVE DE AHORRO Y CREDITO DE LARE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of COOPERATIVE DE AHORRO Y CREDITO DE LARE?
The 990 for the year ended December 31, 2025 names CARLOS DE JESUS.
Who are the officers and directors of COOPERATIVE DE AHORRO Y CREDITO DE LARE?
The 990 for the year ended December 31, 2025 lists 9 people; 9 received compensation from the organization, the highest $169,998 (CARLOS DE JESUS, PRESIDENT).
How much revenue does COOPERATIVE DE AHORRO Y CREDITO DE LARE have?
On its 990 for the year ended December 31, 2025 it reported revenue of $17,047,150, expenses of $11,917,023 and total assets of $238,785,373 at year end.

Other nonprofits in LARES

All nonprofits in LARES · Puerto Rico