Nonprofit · EIN 66-0329330
COOPERATIVA DE AHORRO Y CREDITO MOROVENA
Tax-exempt · MOROVIS, PR 00687
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $6,281,362 | $5,539,874 | $741,488 | $103,969,371 | $71,824,782 | $32,144,589 |
| December 31, 2024 | 990 | $6,691,691 | $4,902,007 | $1,789,684 | $102,146,141 | $71,006,027 | $31,140,114 |
| December 31, 2023 | 990 | $8,648,954 | $4,666,438 | $3,982,516 | $105,307,292 | $75,359,201 | $29,948,091 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $5,293,189
- Other revenue
- $988,173
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $303,780
- Other salaries and wages
- $1,282,879
- Salaries, compensation and benefits (total)
- $1,838,755
- Professional fundraising fees
- $0
- Occupancy
- $53,600
- Depreciation
- $301,709
- Management and general (functional)
- $5,539,874
Balance sheet and other
- Total assets, start of year
- $102,146,141
- Total assets, end of year
- $103,969,371
- Total liabilities, end of year
- $71,824,782
- Net assets, end of year
- $32,144,589
- Land, buildings and equipment
- $4,080,050
- Gross receipts
- $6,281,362
- Employees
- 50
- Volunteers
- 14
- Year formed
- 1953
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| IVIS N VALLES RIVERA | EXECUTIVE PRESIDENT Key employee | 40 | $111,553 |
| JESSICA I QUIJANO MORELL | VP OPERATIONS Key employee | 40 | $75,128 |
| YAJAIRA RIVERA NAZARIO | CONTROLLER Key employee | 40 | $65,860 |
| JONATHAN ROSA QUINONEZ | OFFICER OF COMPLIANCE Key employee | 40 | $51,239 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| IVIS N VALLES RIVERA | EXECUTIVE PRESIDENT Key employee | 40 | $92,053 |
| YAJAIRA RIVERA NAZARIO | CONTROLLER Key employee | 40 | $56,986 |
| JONATHAN ROSA QUINONEZ | OFFICER OF COMPLIANCE Key employee | 40 | $43,230 |
| JESSICA I QUIJANO MORELL | VP OPERATIONS Key employee | 40 | $25,458 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| IVIS N VALLES RIVERA | EXECUTIVE PRESIDENT Key employee | 0 | $94,470 |
| YAJAIRA RIVERA NAZARIO | CONTROLLER Key employee | 0 | $63,661 |
| JONTHNA ROSA QUINONEZ | OFFICER OF COMPLIANCE Key employee | 0 | $41,884 |
| JESSICA I QUIJANO MORELL | VP OPERATIONS Key employee | 40 | $3,739 |
Address and contacts
- Address (IRS master file)
- PO BOX 577, MOROVIS, PR 00687-0577
- In care of
- % IVIS N VALLES RIVERA
- Principal officer (990 for 2025)
- IVIS N VALLES RIVERA, PO BOX 577, MOROVIS, PR 006870577
- Signed the 990
- IVIS N VALLES RIVERA, EXECUTIVE PRESIDENT
- Phone
- (787) 862-7440
- Return prepared by
- GONZALEZ TORRES & CO CPA PSC
Mission
TO PROVIDE FINANCIAL SERVICES AS LOANS SAVINGS AND ACCOUNTS MAINLY TO LOW INCOME SECTOR OF PEOPLE IN PUERTO RICO. ALSO CREDIT UNION MAKE A SOCIAL INVESTMENT IN THE COMMUNITY.
Program accomplishments
- THE PRIMARY PURPOSE OF THE COOPERATIVE IS TO RECEIVE DEPOSITS FROM ITS PARTNERS IN THE FORM OF SAVINGS AND STOCK AND PROVIDE A SOURCE OF FINANCING AT LOWER COST THAN OFFERED BY OTHER FINANCIAL INSTITUTIONS. THE COOPERATIVE OFFERS A VARIETY OF FINANCIAL SERVICES INCLUDING BUT NOT LIMITED TO SAVINGS AND CHECKING ACCOUNTS PERSONAL LOANS MORTGAGE LOANS COMMERCIAL LOANS RESOLVING CREDIT LINES AND OTHERS FINANCING SERVICES. INTEREST INCOME OF 6,281,362 AND TOTAL EXPENSES OF 5,539,874.grants $5,539,874 · revenue $6,281,362
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 | 990 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
- 66-0329330
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $103,969,371
- Income (IRS master file)
- $6,281,362
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $6,281,362 | $5,539,874 | $103,969,371 | XML |
| 990 | December 2024 | $6,691,691 | $4,902,007 | $102,146,141 | XML |
| 990 | December 2023 | $8,648,954 | $4,666,438 | $105,307,292 | XML |
| 990 | December 2022 | $4,630,080 | $3,845,711 | $102,430,082 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 66-0329330).
Questions about COOPERATIVA DE AHORRO Y CREDITO MOROVENA
- What is the EIN of COOPERATIVA DE AHORRO Y CREDITO MOROVENA?
- The employer identification number (EIN) of COOPERATIVA DE AHORRO Y CREDITO MOROVENA is 66-0329330.
- Is COOPERATIVA DE AHORRO Y CREDITO MOROVENA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14).
- Which annual return does COOPERATIVA DE AHORRO Y CREDITO MOROVENA 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 MOROVENA 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 COOPERATIVA DE AHORRO Y CREDITO MOROVENA 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 COOPERATIVA DE AHORRO Y CREDITO MOROVENA?
- The 990 for the year ended December 31, 2025 names IVIS N VALLES RIVERA.
- Who are the officers and directors of COOPERATIVA DE AHORRO Y CREDITO MOROVENA?
- The 990 for the year ended December 31, 2025 lists 4 people; 4 received compensation from the organization, the highest $111,553 (IVIS N VALLES RIVERA, EXECUTIVE PRESIDENT).
- How much revenue does COOPERATIVA DE AHORRO Y CREDITO MOROVENA have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $6,281,362, expenses of $5,539,874 and total assets of $103,969,371 at year end.
Other nonprofits in MOROVIS
- MOROVIS COMMUNITY HEALTH CENTER INC EIN 66-0480948 · last filed 990 for 2025
- EDUQUEMOS PARA LA VIDA INC EIN 52-2450435 · last filed 990 for 2024
- UNITED STEELWORKERS EIN 98-6001893 · last filed 990-N for 2025