Nonprofit · EIN 66-0324225
COOPERATIVA DE AHORRO Y CREDITO DE MAYAGUEZ
Tax-exempt · MAYAGUEZ, PR 00681
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,403,433 | $4,486,427 | $917,006 | $91,344,492 | $62,281,311 | $29,063,181 |
| December 31, 2023 | 990 | $8,769,209 | $4,602,270 | $4,166,939 | $94,051,075 | $66,130,393 | $27,920,682 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $4,450,818
- Tax-exempt bond proceeds
- $1,093,153
- Other revenue
- $952,615
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $88,332
- Other salaries and wages
- $958,999
- Salaries, compensation and benefits (total)
- $1,363,488
- Professional fundraising fees
- $0
- Legal fees
- $50,953
- Accounting fees
- $21,000
- Occupancy
- $66,413
- Depreciation
- $105,784
- Management and general (functional)
- $4,486,427
Balance sheet and other
- Total assets, start of year
- $94,051,075
- Total assets, end of year
- $91,344,492
- Total liabilities, end of year
- $62,281,311
- Net assets, end of year
- $29,063,181
- Land, buildings and equipment
- $882,658
- Publicly traded securities
- $23,818,181
- Gross receipts
- $5,403,433
- Employees
- 42
- Volunteers
- 7
- Year formed
- 1969
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MILDRED PEREZ LEBRON | GENERAL MANAGER Key employee | 40 | $88,332 |
| ISRAEL VALENTIN | DIRECTOR Trustee or director | 4 | $0 |
| OLGA M DOBLES BISBAL | SECRETARY Trustee or director | 4 | $0 |
| ENRIQUE MATIAS | President Trustee or director | 4 | $0 |
| MARTA IRIZARRY | DIRECTOR Trustee or director | 4 | $0 |
| NANCY RODRIGUEZ GONZALEZ | TREASURER Trustee or director | 4 | $0 |
| RAUL A PLA | Vicepresident Trustee or director | 4 | $0 |
| RAFAEL CARO CARO | DIRECTOR Trustee or director | 4 | $0 |
| Israel Valentin Alers | DIRECTOR Trustee or director | 4 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MILDRED PEREZ LEBRON | Presidenta Ejecutiva Key employee, Highest-paid employee | 40 | $76,249 |
| ISRAEL VALENTIN | DIRECTOR Trustee or director | 4 | $0 |
| OLGA M DOBLES BISBAL | SECRETARY Trustee or director | 4 | $0 |
| ENRIQUE MATIAS | President Trustee or director | 4 | $0 |
| MARTA IRIZARRY | DIRECTOR Trustee or director | 4 | $0 |
| NANCY RODRIGUEZ GONZALEZ | TREASURER Trustee or director | 4 | $0 |
| RAUL A PLA | Vicepresident Trustee or director | 4 | $0 |
| RAFAEL CARO CARO | SUBTREASURER Trustee or director | 4 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 416, MAYAGUEZ, PR 00681-0416
- Principal officer (990 for 2024)
- MILDRED PEREZ LEBRON, PO BOX 416, MAYAGUEZ, PUERTO RICO 00681-0416, RQ
- Signed the 990
- MILDRED PEREZ LEBRON, GENERAL MANAGER
- Phone
- (787) 832-6555
- Website
- www.coopmayaguez.com
- Return prepared by
- CPA Benjamin Rosario Rosario CPA Benjamin Rosario Rosario
Mission
THE ORGANIZATION IS A CREDIT UNION THAT PROVIDES QUALITY FINANCING AND SAVING SERVICES TO MEMBERS AND NONMEMBERS.
Program accomplishments
- REVENUES EARNED FROM LENDING AND SERVICES PROVIDED TO MEMBERS, ALSO FROM INVESTING ACTIVITIES. MEMBERS RECEIVE INTEREST PAYMENTS FOR THEIR DEPOSITS HELD IN THE STATE CREDIT UNION.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 66-0324225
- Tax-exempt status
- 501(c)(16): Crop financing corporation
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $91,344,492
- Income (IRS master file)
- $5,403,433
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,403,433 | $4,486,427 | $91,344,492 | XML |
| 990 | December 2023 | $8,769,209 | $4,602,270 | $94,051,075 | XML |
| 990 | December 2022 | $4,451,822 | $4,221,545 | $91,409,973 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 66-0324225).
Questions about COOPERATIVA DE AHORRO Y CREDITO DE MAYAGUEZ
- What is the EIN of COOPERATIVA DE AHORRO Y CREDITO DE MAYAGUEZ?
- The employer identification number (EIN) of COOPERATIVA DE AHORRO Y CREDITO DE MAYAGUEZ is 66-0324225.
- Is COOPERATIVA DE AHORRO Y CREDITO DE MAYAGUEZ tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(16).
- Which annual return does COOPERATIVA DE AHORRO Y CREDITO DE MAYAGUEZ 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 COOPERATIVA DE AHORRO Y CREDITO DE MAYAGUEZ due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COOPERATIVA DE AHORRO Y CREDITO DE MAYAGUEZ last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of COOPERATIVA DE AHORRO Y CREDITO DE MAYAGUEZ?
- The 990 for the year ended December 31, 2024 names MILDRED PEREZ LEBRON.
- Who are the officers and directors of COOPERATIVA DE AHORRO Y CREDITO DE MAYAGUEZ?
- The 990 for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $88,332 (MILDRED PEREZ LEBRON, GENERAL MANAGER).
- How much revenue does COOPERATIVA DE AHORRO Y CREDITO DE MAYAGUEZ have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,403,433, expenses of $4,486,427 and total assets of $91,344,492 at year end.
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