Gaudium Et Spes Foundation Inc

Nonprofit profile at a glance

EIN
660948823
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
San Juan, PR, USA
Phone
7876495111
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution
Affiliation
Christianity

Reported finances

Revenue
$1,693,193
Expenses
$1,428,716
Assets
$1,110,354
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • Raul Vidal Sepulveda (President)

Highest reported compensation

  • Raul Vidal Sepulveda (President): $15,250 total reported compensation
  • Rafael Rovira Arbona (Vicepresident): $12,750 total reported compensation
  • Mikel Eguia Moreda (Treasurer): $10,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2024

Economic Support - In 2024 the organization continued providing economic assistance to non-profit organizations and charitable entities dedicated to serving impoverished communities families in crisis and vulnerable populations. Support was directed to programs focused on poverty relief food assistance housing aid medical needs pastoral care and holistic support to families mothers adolescents and children experiencing difficult social or economic circumstances. Grants also supported humanitarian initiatives that uphold human dignity through social services educational scholarships youth development pastoral activities and assistance to individuals with disabilities. Additional contributions were made to international charitable missions aimed at helping families pay for essential needs such as food shelter utilities medicine and school expenses as well as programs assisting victims of abuse or communities recovering from hardship. Further support was provided to charitable organizations carrying out missionary cultural and ecclesiastical work in the United States Puerto Rico Latin America Europe Africa and other regions. These initiatives included funding medical and social services support for refugees and displaced individuals and various programs serving the most vulnerable worldwide.

Operating model

Revenue model
Donor-supported. 98% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 56
  • Transparency & Controls: 70
  • Accountability: 72
  • Sustainability: 61
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 59%; rating input score 59
  • Program expense ratio: 68.8%; rating input score 69
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 8th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: 0 of 8 controls in place; rating input score 0
    • Claims monitoring procedures: Fail
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 97%; rating input score 97; 44th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 9 controls in place; rating input score 33
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 15.6%; rating input score 71; 71st percentile among comparable filings
  • Total-asset coverage ratio: 0.78; rating input score 35; 35th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 2.7%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: 43% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 37.1% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: 36.4% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • Where the money goes: 59% of revenue deployed · 68.8% of spending went to programs
  • Governance: 4 of 4 board members independent · 3 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $983K in reported program spending
  • Leadership: top reported pay $15K · 3 people listed
  • Consistency: 42 of 44 current checks pass · 2 findings to review
  • Schedules: 5 filed schedules · includes major donors, foreign activity, and grants
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 20 filed money-flow records
  • Related organizations: 13 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 59/100.
  • High — Transparency & Controls: Foreign activity oversight: 8 of 8 not reported.
  • Moderate — Accountability: Governance controls: 5 of 8 not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Transparency & Controls: Foreign grant itemization did not reconcile in the filed values.
  • Review — Sustainability: Officer compensation ratio scored 58/100.