Cooperative De Ahorro Y Credito De Lare, De Lare in Lares, (international)

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Cooperative De Ahorro Y Credito De Lare, De Lare
Employer Identification Number (EIN)660206444
Name of OrganizationCooperative De Ahorro Y Credito De Lare
Secondary NameDe Lare
AddressPO BOX 362, Lares
ActivitiesCredit union
SubsectionCredit Union
Ruling Date02/1991
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$50,000,000 to greater
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$119,815,239
Amount of Income$9,226,680
Form 990 Revenue Amount$9,226,680


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Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$8,834,081
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$8,070,122
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$763,959
Statement of Functional Expenses (for 2011)
Total functional expenses$7,139,900
Compensation of current officers, directors, trustees, and key employees$231,045
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$6,908,855
Balance Sheet (for 2011)
Total assets$114,010,489
Total liabilities$80,324,203
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$80,324,203
Total net assets or fund balances$33,686,286
Retained earnings, endowment, accumulated income, or other funds$1,355,345
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
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