Cooperativa La Sagrada Familia

Organization Overview

Cooperativa La Sagrada Familia is located in Corozal, PR. The organization was established in 2007. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Cooperativa LA Sagrada Familia employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cooperativa LA Sagrada Familia is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2021, Cooperativa LA Sagrada Familia generated $13.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $8.3m during the year ending 12/2021. While expenses have increased by 6.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO IMPROVE THE QUALITY OF LIFE OF OUR MEMBERS BY PROMOTING EFECTIVE VALUES, FINANCIAL SOURCES AND THE COOPERATIVE MOVEMENT PHILOSOPHY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DURING THE FISCAL YEAR ENDED DECEMBER 31, 2021 THE INSTITUTION OBTAINED SAVINGS AND DEPOSITS FROM MEMBERS AND PROVIDES TO THEM AND THE COMMUNITY FINANCING SOURCES ALTERNATIVES, COMPETITIVE INTEREST AND INSURANCE BENEFITS IN ACCORDANCE WITH THE COOPERATIVE MOVEMENT PHILOSOPY.


DURING THE FISCAL YEAR ENDED DECEMBER 31, 2021 THE INSTITUTION OBTAINED SAVINGS AND DEPOSITS FROM MEMBERS AND PROVIDES TO THEM AND THE COMMUNITY FINANCING SOURCES ALTERNATIVES, COMPETITIVE INTEREST AND INSURANCE BENEFITS IN ACCORDANCE WITH THE COOPERATIVE MOVEMENT PHILOSOPY.


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Board, Officers & Key Employees

Name (title)Compensation
Eddie Alicea
President
$135,395
Hector J Motta Berrios
Dir Of Opera
$56,770
Angel Negron
Financial Di
$56,589
Donel Cosme Diaz
Board Vice P
$1,665
Giana B Garcia Jimenez
Secretary Of
$1,560
Israel Caldero Perez
Director
$1,535

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Reyes Contractor Group Inc
Construction
$1,172,988
Alta Communication Inc
Promotion
$102,560
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,620,765
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,620,765
Total Program Service Revenue$8,396,929
Investment income $815,083
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $12,965,494

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