Gaudium Et Spes
- Assets
- $835.3k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- San Juan, PR
- Founding
- Data as of
- 12/2022
- 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 12/2022, Gaudium Et Spes generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 71.0% each year . All expenses for the organization totaled $587.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Gaudium Et Spes has awarded 22 individual grants totaling $450,224. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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- IN 2022 ECONOMIC HELP WAS PROVIDED TO NON-FOR-PROFIT ORGANIZATIONS DEDICATED TO SUPPORT IMPOVERISHED COMMUNITIES AND HELP THE MOST VULNERABLE. SOME OF THE PROJECTS SUPPORTED IN 2022 WERE 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 CONTINUED THE ECONOMIC SUPPORT TO HOGAR TERESA TODA FOR OPERATING EXPENSES OF THE ORPHANAGE DEDICATED TO SHELTER CARE AND ASSISTANT TO ABUSED UNDERAGED GIRLS; 4 ECONOMIC HELP TO PROYECTO NACER AN INSTITUTE DEDICATED TO THE ERADICATION OF THE NEED FOR ABORTION BY PROVIDING ATTENTION EDUCATION AND MEDICAL CARE TO UNDERAGED MOTHERS IN DIFFICULT SITUATIONS; 5 ECONOMIC ASSISTANT TO COLEGIO NUESTRA SENORA DEL CARMEN ORGANIZATION FOUNDED BY THE CARMELITE ORDER WHO RAN A SCHOOL OFFERING CATHOLIC EDUCATION TO CHILDREN IN AN UNDERPRIVILEGED COMMUNITY.
RESTORATION AND PRESERVATION -PROVIDED ECONOMIC SUPPORT TO SEVERAL PROJECTS IN 2022 SUCH AS 1 CONTINUED SUPPORT TO THE RENOVATION OF THE CHAPEL NUESTRA SENORA DE LOURDES LOCATED IN MIRAMAR PUERTO RICO; 2 RESTAURATION OF THE PARISH CHURCH LOCATED IN CENTRAL ROME SAN SALVATORE IN LAURO; 3 CONTRIBUTION TO THE CHURCH SANTA MARIA REINA FOR IMPROVEMENTS TO THE FACILITIES AND 4 IMPROVEMENTS TO THE SCHOOL LOCATED IN THE CHURCH COLEGIO NUESTRA SENORA DEL CARMEN.
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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 |
Christian Sobrino Vega Director | Trustee | 10 | $0 |
Rafael Rovira Arbona President | Officer | 20 | $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 | $1,051,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,051,250 |
| Total Program Service Revenue | $0 |
| Investment income | $9,376 |
| 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 | $1,060,626 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $292,124 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $152,658 |
| 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 | $57,358 |
| Fees for services: Legal | $4,861 |
| Fees for services: Accounting | $3,209 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,149 |
| Fees for services: Other | $1,131 |
| Advertising and promotion | $0 |
| Office expenses | $16,996 |
| Information technology | $751 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $54,383 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,515 |
| All other expenses | $0 |
| Total functional expenses | $587,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $360,391 |
| Savings and temporary cash investments | $157,691 |
| 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 | $314,207 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,047 |
| Total assets | $835,336 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $835,336 |
| 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 | $835,336 |
Grants Awarded
Over the last fiscal year, Gaudium Et Spes has awarded $274,124 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
SOCIEDAD AMERICANA CONTRA EL CANCER PURPOSE: Financial support to help the organization's mission | $25,000 |
COLEGIO NUESTRA SENORA DEL CARMEN PURPOSE: Economic support for improvement to school | $15,000 |
MUSEO DE ARTE DE PUERTO RICO PURPOSE: Financial support to help the organization's mission | $25,000 |
HOGAR TERESA TODA PURPOSE: Economic help in its mission to help abandonment or abuse girls | $10,000 |
PROJECTO NACER INC PURPOSE: Economic support the organization mission of help underprivileged mothers and childrens | $20,000 |
FOUNDATION ORDER OF MALTA INC PURPOSE: Economic support to help with the hospital projects across the Caribbean | $55,000 |