Nonprofit · EIN 66-0631697
FONDO DE INVERSION Y DESARROLLO COOPERATIVE INC
Tax-exempt · SAN JUAN, PR 00927
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $3,699,825 | $1,359,278 | $2,340,547 | $46,219,272 | $2,601,326 | $43,617,946 |
| December 31, 2024 | 990 | $2,651,442 | $1,233,574 | $1,417,868 | $41,296,776 | $58,437 | $41,238,339 |
| December 31, 2023 | 990 | $3,002,093 | $980,474 | $2,021,619 | $39,779,010 | $101,058 | $39,677,952 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $238,565
- of which government grants
- $238,565
- Program service revenue
- $0
- Investment income
- $1,288,266
- Other revenue
- $2,172,994
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $149,988
- Other salaries and wages
- $304,189
- Salaries, compensation and benefits (total)
- $616,676
- Professional fundraising fees
- $0
- Occupancy
- $156,219
- Depreciation
- $34,130
- Program services (functional)
- $870,180
- Management and general (functional)
- $489,098
Balance sheet and other
- Total assets, start of year
- $41,296,776
- Total assets, end of year
- $46,219,272
- Total liabilities, end of year
- $2,601,326
- Net assets, end of year
- $43,617,946
- Land, buildings and equipment
- $135,812
- Net assets without donor restrictions
- $43,295,313
- Net assets with donor restrictions
- $322,633
- Gross receipts
- $3,699,825
- Employees
- 11
- Volunteers
- 0
- Year formed
- 2002
- 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 | Other / benefits |
|---|---|---|---|---|
| Jose J Ramirez Ruiz | Executive Director Key employee | 40 | $85,700 | $9,600 |
| Normarie Caraballo | Operation Director Key employee | 40 | $64,000 | $6,000 |
| Israel Velez Colon | Second Vice President Institutional trustee | 1 | $0 | $0 |
| Michelle M Torres | Director Institutional trustee | 1 | $0 | $0 |
| Candido Rivera Lopez | Director Institutional trustee | 1 | $0 | $0 |
| Soraya Moron Velez | Directora Institutional trustee | 1 | $0 | $0 |
| Carlos R Maldonado | Secretary Institutional trustee | 1 | $0 | $0 |
| William Ortiz Negron | President Institutional trustee | 1 | $0 | $0 |
| Liza Alfaro Mercado | Director Institutional trustee | 1 | $0 | $0 |
| Enrique A Guzman Matos | Director Institutional trustee | 1 | $0 | $0 |
| Joel Chevere Santos | Director Institutional trustee | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jose J Ramirez Ruiz | Executive Director Key employee | 40 | $80,758 | $9,600 |
| Normarie Caraballo | Operation Director Key employee | 40 | $66,350 | $6,000 |
| Israel Velez Colon | Second Vice President Institutional trustee | 1 | $0 | $0 |
| Michelle M Torres | Director Institutional trustee | 1 | $0 | $0 |
| Candido Rivera Lopez | Director Institutional trustee | 1 | $0 | $0 |
| Soraya Moron Velez | Directora Institutional trustee | 1 | $0 | $0 |
| Carlos R Maldonado | Secretary Institutional trustee | 1 | $0 | $0 |
| William Ortiz Negron | President Institutional trustee | 1 | $0 | $0 |
| Eliud Juarbe Cruz | Director Institutional trustee | 1 | $0 | $0 |
| Enrique A Guzman Matos | Director Institutional trustee | 1 | $0 | $0 |
| Glorimar Lamboy Torres | Director Institutional trustee | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jose J Ramirez Ruiz | Executive Director Key employee | 40 | $86,675 |
| Normarie Caraballo | Operation Director Key employee | 40 | $61,475 |
| Oriel Ramirez Rodriguez | Second President Trustee or director | 1 | $0 |
| Israel Velez Colon | First Vice President Institutional trustee | 1 | $0 |
| Glorimar Lamboy Torres | Director Institutional trustee | 1 | $0 |
| Candido Rivera Lopez | Director Institutional trustee | 1 | $0 |
| Soraya Moron Velez | Directora Institutional trustee | 1 | $0 |
| Carlos R Maldonado | Secretary Institutional trustee | 1 | $0 |
| William Ortiz Negron | President Institutional trustee | 1 | $0 |
| Luis A Velazquez Vera | Director Institutional trustee | 1 | $0 |
| Enrique A Guzman Matos | Director Institutional trustee | 1 | $0 |
Address and contacts
- Address (IRS master file)
- URB VILLA NEVAREZ 400 AVE AMERICO M, SAN JUAN, PR 00927-0000
- In care of
- % IRMA HILERIC ARROYO
- Principal officer (990 for 2025)
- Jose J Ramirez Ruiz, 400 Ave Americo Miranda Suite 302, San Juan, PR 009275142
- Signed the 990
- Normarie Caraballo, Operations Director
- Phone
- (787) 999-0322
Mission
The organization is engaged in the business of contributing to the development of cooperatives in Puerto Rico.
Program accomplishments
- Total Income is 3,699,825 $ Program expenses of 870,180 plus general expenses 489,098 total of $1,359,278.Expenses $870,180 · revenue $3,699,825
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
- 66-0631697
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $46,219,272
- Income (IRS master file)
- $3,699,825
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $3,699,825 | $1,359,278 | $46,219,272 | XML |
| 990 | December 2024 | $2,651,442 | $1,233,574 | $41,296,776 | XML |
| 990 | December 2023 | $3,002,093 | $980,474 | $39,779,010 | XML |
| 990 | December 2022 | $1,033,950 | $4,532,331 | $38,001,351 | 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 66-0631697).
Questions about FONDO DE INVERSION Y DESARROLLO COOPERATIVE INC
- What is the EIN of FONDO DE INVERSION Y DESARROLLO COOPERATIVE INC?
- The employer identification number (EIN) of FONDO DE INVERSION Y DESARROLLO COOPERATIVE INC is 66-0631697.
- Is FONDO DE INVERSION Y DESARROLLO COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to FONDO DE INVERSION Y DESARROLLO COOPERATIVE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FONDO DE INVERSION Y DESARROLLO COOPERATIVE INC 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 FONDO DE INVERSION Y DESARROLLO COOPERATIVE INC 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 FONDO DE INVERSION Y DESARROLLO COOPERATIVE INC 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 FONDO DE INVERSION Y DESARROLLO COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 names Jose J Ramirez Ruiz.
- Who are the officers and directors of FONDO DE INVERSION Y DESARROLLO COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 lists 11 people; 2 received compensation from the organization, the highest $85,700 (Jose J Ramirez Ruiz, Executive Director).
- How much revenue does FONDO DE INVERSION Y DESARROLLO COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $3,699,825, expenses of $1,359,278 and total assets of $46,219,272 at year end.
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