Public Charity

New Gate to Peace Foundation

New Gate to Peace Foundation is a nonprofit organization categorized as Public Charity based in HOUSTON, TX. Its most recent IRS filing (2024) reports revenue of $2.4M, expenses of $2.1M, total assets of $749K. Imperigo tracks 22 reported grant relationships connected to this organization totaling approximately $3.5M.

EIN: 550907295 HOUSTON, TX Latest filing: 2024
Total Revenue$2.4M
Total Expenses$2.1M
Total Assets$749K
Grant Records22
Funding Total$3.5M
Filing Years2019–2024

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.

Officers & Directors

PRESIDENT Frank Formolo
VICE PRESIDENT Gabriel Sotres
DIRECTOR Guillermo Garca
SECRETARY/TREASURER Jose Gerardo Cardenas
DIRECTOR Juan Maria Solana
DIRECTOR Luis Manuel Gutierrez

Officer compensation and complete director data available with membership.

Top Grant Purposes

DONATIONS
$1,360,000 5 grants
RELIGION-RELATED
$545,000 2 grants
For grant recipient's exempt purposes
$536,000 5 grants
Religious/Education
$500,000 2 grants
GENERAL SUPPORT
$210,000 3 grants

Financial Trends

Year Revenue Expenses Assets
2024 $2.4M $2.1M $749K
2023 $7.7M $8.7M $1.4M
2022 $4.2M $5.2M $2.8M
2020 $2.1M $2.1M $904K
2019 $8.0M $9.1M $1.2M

Between 2019 and 2024, reported annual revenue declined from $8.0M to $2.4M (-70%), with total assets most recently reported at $749K.

Interactive year-over-year charts and full filing details available with membership.

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