New Gate to Peace Foundation

EIN: 550907295 501(c)(3) Religion

HOUSTON, TX

Total Revenue
$4,543,304
Total Expenses
$4,135,712
Total Assets
$1,391,834
Net Assets
$1,069,262
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
TX
Principal Officer
MARIO DELGADO CASTILLO
Phone
2817596774
Tax Period
2025-01-01 to 2025-12-31

New Gate to Peace Foundation, founded in 2006, is a community nonprofit in the Religion sector that reported $4.5M in total revenue in fiscal year 2025. Revenue surged 90% from the prior year, signaling strong growth momentum. Expenses of $4.1M left a modest 9% surplus.

Mission

THE PROMOTION OF PILGRIMAGES, TOURS AND RETREATS TO THE HOLY LAND. THE FOUNDATION ALSO MAKES DONATIONS TO OTHER RELIGIOUS FOUNDATIONS, AND PROMOTES THE ORGANIZATION OF ENCOUNTERS BETWEEN LEADERS OF THE DIFFERENT RELIGIONS, NATIONAL AND ETHNIC GROUPS IN THE HOLY LAND THAT FOSTER MUTUAL UNDERSTANDING AND SPIRIT OF COLLABORATION AND DIALOGUE.

Program Service Accomplishments

Program 1
Expenses: $3,936,488 Revenue: $1,241,528

PROMOTION OF TOURS, VISITS AND RETREATS TO HOLY LAND

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $3,277,507
Program Service Revenue $1,241,528
Investment Income $24,269
Other Revenue $0
TOTAL REVENUE $4,543,304

Expense Breakdown

Grants Paid $2,422,573
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,936,488
Other Expenses $1,713,139
TOTAL EXPENSES $4,135,712

Year-over-Year Comparison

2025 2024 Change
Revenue $4,543,304 $2,388,280 +0.9%
Expenses $4,135,712 $2,112,064 +1.0%
Net Income $407,592 $276,216 +0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GABRIEL SOTRES VICE PRESIDENT 2.0
Officer Director
$0 $0 $0
JOSE GERARDO CARDENAS SECRETARY/TREASURER 2.0
Officer Director
$0 $0 $0
MICHAEL BRISSON DIRECTOR 2.0
Director
$0 $0 $0
JUAN MARIA SOLANA DIRECTOR 2.0
Director
$0 $0 $0
LUIS MANUEL GUTIERREZ DIRECTOR 2.0
Director
$0 $0 $0
Guillermo Garca DIRECTOR 2.0
Director
$0 $0 $0
FRANK FORMOLO PRESIDENT 2.0
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $4,543,304 $4,135,712 $1,391,834 $407,592
2024 $2,388,280 $2,112,064 $749,160 $276,216
2023 $7,712,396 $8,686,558 $1,397,785 $-974,162
2022 $4,209,130 $5,164,996 $2,813,618 $-955,866
2021 $3,633,173 $2,059,163 $2,498,459 $1,574,010
2020 $2,086,466 $2,061,471 $903,764 $24,995
2019 $8,042,300 $9,053,122 $1,199,127 $-1,010,822
2018 $9,902,398 $6,236,871 $5,135,864 $3,665,527
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