Gaudium Et Spes
- Assets
- $381.7k
- Revenue
- $639.3k
- Investments
- $0.0
- Employees
- 0
- Location
- San Juan, PR
- Founding
- Data as of
- 12/2021
- EIN
- 66-0948823
Organization Overview
Gaudium Et Spes is located in San Juan, PR. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Gaudium Et Spes 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, Gaudium Et Spes generated $639.3k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 73.5% each year . All expenses for the organization totaled $398.4k during the year ending 12/2021. 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
THE ORGANIZATION'S MISSION IS ECONOMIC SUPPORT TO PHILANTHROPY PROJECTS IN CONNECTION WITH 1 PROVISION OF HEALTHCARE AND NUTRITIONAL SUPPORT TO IMPOVERISHED COMMUNITIES IN PUERTO RICO AND WORLDWIDE IN COLLABORATION WITH THE CATHOLIC CHURCH AND 2 RESTORATION AND PRESERVATION OF HISTORICALLY AND CULTURALLY IMPORTANT BUILDINGS WORKS OF ART AND ARTIFACTS RELATED TO THE CATHOLIC CHURCH IN THE COMMONWEALTH OF PUERTO RICO AND WORLDWIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC SUPPORT- THREE SIGNIFICANT PROJECT WERE SUPPORTED IN 2021; 1 BLESSED GERARD HOMES FOR THE ELDERLY AN INITIATIVE OF THE CUBAN ASSOCIATION OF THE ORDER OF MALTA WHICH STARTED IN 2020; TO FUND HOMES ACROSS THE ISLAND FOR THE ELDERLY. THIS PROJECT IN COALITION WITH THE CUBAN ASSOCIATION OF THE ORDER OF MALTA PROVIDED FOOD MEDICAL CARE AND A HOME TO OVER 5,000 ELDERLY INDIVIDUALS IN CUBA. 2 ECONOMIC SUPPORT TO THE CONSTRUCTION OF BAMBINO GESU WOMEN'S AND CHILDREN'S HOSPITAL DEVELOPED BY THE ASSOCIAZIONE BAMBINO GESU DEL CAIRO ONLUS A NON-PROFIT ENTITY ORGANIZED AND EXISTING UNDER THE LAWS OF ITALY. THE HOSPITAL WILL PROVIDE MEDICAL AND HEALTHCARE SERVICES TO UNDER-PRIVILEGED CHILDREN AND PREGNANT WOMEN IN THE NEW ADMINISTRATIVE CAPITAL OF THE REPUBLIC OF EGYPT. THIS PROJECT STARTED IN 2020; 3 ECONOMIC SUPPORT TO HOGAR TERESA TODA FOR OPERATING EXPENSES OF THE ORPHANAGE DEDICATED TO SHELTER CARE AND ASSISTANT TO ABUSED UNDERAGED GIRLS.
RESTORATION AND PRESERVATION -PROVIDED ECONOMIC SUPPORT TO THREE MAJOR PROJECTS 1 RESTAURATION OF THE CHAPEL PARROQUIA SAN MIGUEL DE SOTTERNE; 2 CONSTRUCTION OF SCHOOL LOCATED IN THE CHURCH CENTRO FRANCISCANO. THE SCHOOL WILL WORKS WITH CHILDRENS FROM IMPOVERISHED BACKGROUNDS IN THE AREA OF PONCE PUERTO RICO; AND 3 RESTAURATION OF THE NUESTRA SEÑORA DE LOURDES CHURCH LOCATED IN MIRAMAR PUERTO RICO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raul Vidal Sepulveda Vicepresident | Officer | 20 | $0 |
Mikel Eguia Moreda Treasurer | Officer | 12 | $0 |
Rafael Rovira Arbona President | Officer | 20 | $0 |
Christian Sobrino Vega Director | Trustee | 10 | $0 |
Financial Statements
| 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 | $634,969 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $634,969 |
| Total Program Service Revenue | $0 |
| Investment income | $4,500 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$194 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $639,275 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $129,650 |
| Grants and other assistance to domestic individuals. | $17,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $189,062 |
| 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 | $4,033 |
| Fees for services: Accounting | $7,021 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,123 |
| Advertising and promotion | $0 |
| Office expenses | $15,069 |
| Information technology | $983 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $26,107 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $398,383 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $280,686 |
| 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 | $0 |
| Investments—publicly traded securities | $101,016 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $381,702 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $2,582 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,582 |
| Net assets without donor restrictions | $379,120 |
| 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 | $381,702 |
Grants Awarded
Over the last fiscal year, Gaudium Et Spes has awarded $120,750 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Crownsville, MD PURPOSE: Support for catholic relief services | $30,000 |
Miami, FL PURPOSE: Economic help to Blessed Gerard Home for the elderly | $27,000 |
CENTRO SAN FRANCISCO INC PURPOSE: Economic support for the construction of school for childrens with impoverished backgrounds | $20,000 |
PATRONATO PRO MEJORAS IGLESIA LOURDES INC PURPOSE: Economic help in the restoration of the chapel | $15,000 |
Canovanas, PR PURPOSE: Economic help to house dedicated to shelter abused underaged girls | $12,500 |
Atlanta, GA PURPOSE: Disaster relief in Puerto Rico | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gaudium Et Spes has recieved totaling $17,418.
| Awarding Organization | Amount |
|---|---|
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $17,418 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hospital Menonita Caguas Inc Cidra, PR | $169,418,501 | $113,843,157 |
Salud Integral En La Montana Inc Naranjito, PR | $119,086,273 | $106,337,219 |
Migrant Health Center Mayaguez, PR | $87,969,112 | $107,297,310 |
Hospital De La Concepcion Inc San German, PR | $118,926,388 | $92,905,006 |
Hospital Damas Inc Ponce, PR | $56,244,610 | $73,414,103 |
Presbyterian Community Hospital Inc San Juan, PR | $49,406,530 | $70,919,559 |
Pontifical Catholic University Of Puerto Rico Ponce, PR | $161,066,580 | $97,269,712 |
Cossma Inc Cidra, PR | $107,333,150 | $66,362,775 |
Neomed Center Inc Gurabo, PR | $65,808,264 | $60,486,712 |
Hospital Menonita Guayama Inc Cidra, PR | $149,499,387 | $86,573,108 |
Hpm Foundation Inc San Juan, PR | $29,670,863 | $56,807,836 |
Ryder Memorial Hospital Inc Humacao, PR | $33,920,487 | $48,860,156 |