GAUDIUM ET SPES FOUNDATION INC

EIN: 660948823 501(c)(3) Philanthropy & Grantmaking

SAN JUAN, PR

Total Revenue
$1,370,187
Total Expenses
$1,376,106
Total Assets
$855,066
Net Assets
$855,066
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
PR
Phone
7876495111
Tax Period
2023-01-01 to 2023-12-31

GAUDIUM ET SPES FOUNDATION INC, founded in 2020, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum.

Mission

Economic support to philanthropy projects in connection with 1 provision of healthcare and nutritional support to impoverished communities in PR and worldwide and 2 restoration and preservation of historically and culturally important buildings works of art and artifacts related to the Catholic Church in Puerto Rico and worldwide.

Program Service Accomplishments

Program 1
Expenses: $671,419 Revenue: $0

Economic support- in 2023 projects of economic help were provided to non-for-profit organizations dedicated to support impoverished communities and help the most vulnerable. Some of the projects...

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Economic support- in 2023 projects of economic help were provided to non-for-profit organizations dedicated to support impoverished communities and help the most vulnerable. Some of the projects supported were 1 humanitary misions of the Cuban Association of the Order of Malta which provide medical aid to countries where natural desasters ocurred; 2 continued the economic help to the construction of Bambino Gesu Womens and Childrens 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. 3 financial support to the Vatican for social missions through the globe; 4 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.

Program 2
Expenses: $271,741 Revenue: $0

Restoration and preservation -provided economic support to several projects such as 1 continued support to the renovation of the chapel Nuestra Senora de Lourdes located in Miramar Puerto Rico; 2...

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Restoration and preservation -provided economic support to several projects 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 contributions to several organizations for the preservation of arts and 4 economic help for improvements to the school located in the church Colegio Nuestra Senora del Carmen.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,340,680
Program Service Revenue $0
Investment Income $29,507
Other Revenue $0
TOTAL REVENUE $1,370,187

Expense Breakdown

Grants Paid $943,160
Salaries & Benefits $20,181
Fundraising Expenses $0
Program Expenses $943,160
Other Expenses $412,765
TOTAL EXPENSES $1,376,106

Year-over-Year Comparison

2023 2022 Change
Revenue $1,370,187 $1,060,626 +0.3%
Expenses $1,376,106 $587,155 +1.3%
Net Income $-5,919 $473,471 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
N/A

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
$20,181
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Raul Vidal Sepulveda President 20.00
Officer
$5,500 $0 $5,500
Rafael Rovira Arbona Vicepresident 20.00
Officer
$4,000 $0 $4,000
Mikel Eguia Moreda Treasurer 12.00
Officer
$10,681 $0 $10,681
Christian Sobrino Vega Director 10.00
Director
$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
2024 No data No data No data No data
2023 $1,370,187 $1,376,106 $855,066 $-5,919
2022 $1,060,626 $587,155 $835,336 $473,471
2021 $639,275 $398,383 $381,702 $240,892
2020 $212,300 $74,072 $138,228 $138,228
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