Heralds Of The Gospel Foundation Inc is located in Houston, TX. The organization was established in 2003. According to its NTEE Classification (Q12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heralds Of The Gospel Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Heralds Of The Gospel Foundation Inc generated $367.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.2% each year . All expenses for the organization totaled $227.9k during the year ending 12/2021. While expenses have increased by 12.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MAKE GRANTS AND DONATIONS TO CHARITABLE,RELIGIOUS,EDUCATIONAL,CULTURAL,SCIENTIFIC OR BENEVOLENT ORGANIZATIONS AND FOUNDATIONS IN THE U.S. AND ABROAD WHICH PROMOTE AND FURTHER THE HERALDS MISSION OF EVANGELISM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RELIGIOUS GRANTS: TO PROMOTE THE PROGRAMS OF CATHOLIC FAITH ORIENTED ORGANIZATIONS IN THE US AND ABROAD.
EVANGELICAL GATHERINGS: TO PROMOTE THE FAITH MESSAGE TO OUR SUPPORTERS AND RAISE CONTRIBUTIONS FOR OUR GRANT PROCESS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Joseph Bassi Vice President | OfficerTrustee | 2 | $0 |
Cicero Sobreira DE Sousa President | OfficerTrustee | 2 | $0 |
Lutiane Da Silva Mendes Secretary/treasurer | OfficerTrustee | 2 | $0 |
Thomas Walsh Chief Accounting Officer | Officer | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $223,527 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $223,527 |
Total Program Service Revenue | $0 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $144,132 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $367,659 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $3,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $8,658 |
Advertising and promotion | $0 |
Office expenses | $1,373 |
Information technology | $1,911 |
Royalties | $0 |
Occupancy | $23,188 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,766 |
Insurance | $0 |
All other expenses | $13,159 |
Total functional expenses | $227,900 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $247,066 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $147,375 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $7,321 |
Other assets | $0 |
Total assets | $401,762 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $20,100 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $20,100 |
Net assets without donor restrictions | $381,662 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $401,762 |
Over the last fiscal year, we have identified 1 grants that Heralds Of The Gospel Foundation Inc has recieved totaling $39.
Awarding Organization | Amount |
---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $39 |
Organization Name | Assets | Revenue |
---|---|---|
Africa Renewal Ministries Inc San Antonio, TX | $1,206,333 | $4,442,986 |
Foundation For Lake Chapala Charities Inc Laredo, TX | $4,847 | $698,204 |
Icf Impact Cares Foundation Austin, TX | $514,823 | $1,148,206 |
Kbc Ministries Inc San Antonio, TX | $195,254 | $574,099 |
Youcanfreeus Foundation Flower Mound, TX | $517,760 | $628,505 |
Empowering Education International Keller, TX | $49,465 | $330,389 |
All Access International Hurst, TX | $283,747 | $320,714 |
Heralds Of The Gospel Foundation Inc Houston, TX | $401,762 | $367,659 |
Nduka Foundation El Paso, TX | $79,696 | $266,572 |
United Volunteers Association Inc Wylie, TX | $190,913 | $205,522 |
African Childrens Haven Galveston, TX | $83,141 | $213,988 |
Omega Foundation Inc Tulsa, OK | $22,053 | $0 |