Msgr Oscar E Gales Foundation
- Assets
- $740.0
- Revenue
- $46.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Garland, TX
- Founding
- 05/2013
- Data as of
- 12/2022
- EIN
- 45-5508706
Organization Overview
Msgr Oscar E Gales Foundation is located in Garland, TX. The organization was established in 2013. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Msgr Oscar E Gales Foundation 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 12/2022, Msgr Oscar E Gales Foundation generated $46.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $46.9k during the year ending 12/2022. While expenses have increased by 15.6% per year over the past 5 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOLY TRINITY CATHOLIC CHURCH IN BITAOYAN BADIANGAN ILOILO PHILIPPINES *EXPENSES WERE MAINLY FOR THE CONSTRUCTION OF THE CHURCH BUILDING WHICH INCLUDES PROCUREMENT OF SUPPLIES EQUIPMENT CHAIRS PEWS ETC.
ST. JOSEPH REGIONAL SEMINARY IN ST. JOSEPH VILLAGE JARO ILOILO CITY PHILIPPINES *EXPENSES WERE FOR THE TUITION FEE AND PRIESTLY EDUCATIONAL EXPENSES OF 1 INDIVIDUAL
CICM MARYHILL SCHOOL OF THEOLOGY NEW MANILA QUEZON CITY PHILIPPINES PRIESTLY TUITION FEES AND EDUCATIONAL BOOKS AND TOOLS EXPENSE.
CINDI MARIE ESPIRITU INDIGENT NURSING STUDENT ASSISTANCE CENTRAL PHILIPPINES UNIVERSITY JARO ILOILO PHILIPPINES. TUITION FEES AND BOOKS EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josephine G Rojas Director | 7 | $0 | |
Teresita G Gue Director | 5 | $0 | |
Antonio Gales Director | 0 | $0 | |
Salvador Gales Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $43,623 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,298 |
| Total Revenue | $46,921 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,500 |
| Printing and publications | $250 |
| Other expenses | $200 |
| Total operating and administrative expenses | $5,950 |
| Contributions, gifts, grants paid | $40,930 |
| Total expenses and disbursements | $46,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $740 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $740 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
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|---|---|---|
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Marshall Legacy Foundation Metairie, LA | $37,157,594 | $21,197,543 |
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Marshall Heritage Foundation Metairie, LA | $15,210,686 | $21,134,216 |
Mary E Bivins Trust Amarillo, TX | $23,577,867 | $7,091,283 |
Norman H Read 1985 Trust Amarillo, TX | $61,022,769 | $8,703,971 |
Arlene And Joseph Meraux Charitable Foundation Violet, LA | $95,291,949 | $9,307,858 |
East Texas Medical Center Regional Healthcare System Tyler, TX | $164,248,819 | $57,646,365 |
Eugene V And Clare Thaw Charitable Trust Santa Fe, NM | $97,006,761 | $1,880,279 |
James A Buddy Davidson Charitable Foundation Midland, TX | $104,683,845 | $20,028,427 |