New Gate to Peace Foundation
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.
Key facts about New Gate to Peace Foundation
In short: New Gate to Peace Foundation gave $2.3M across 1 grant in 2025 (avg $2.3M), mostly in Georgia. Source: 2025 IRS Form 990.
- EIN
- 55-0907295
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $2,250,000
- Grants made (2025)
- 1
- Average grant
- $2,250,000
- Median grant
- $2,250,000
- Total assets
- $1,391,834
- Primary geography
- Georgia (100% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$1.4M
+85.8% YoY
Annual Giving
$2.3M
+240.9% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$2.3M
+240.9% YoY
How New Gate to Peace Foundation gives
- Giving held roughly steady from 2022 to 2025 (−10%). Method
From the foundation's IRS Form 990 filings. Methodology.
About New Gate to Peace Foundation
Based on IRS filings
New Gate to Peace Foundation is a public charity focused on religion, based in Houston, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.4M in total assets. In 2025, it awarded 1 grant totaling $2.3M. Net investment income was $24K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $660K (2024) to $4.5M (2023). In 2025 it made 1 grant totaling $2.3M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Arke Inc ($2.3M).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $1–5M range: 4 grants of 5 (80%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Arke Inc Rosvelt, GA | Program Services | $2,250,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,391,834 | $749,160 | $1,397,785 |
| Revenue | $4,543,304 | $2,388,280 | $7,712,396 |
| Expenses | $4,135,712 | $2,112,064 | $8,686,558 |
| Net Investment Income | $24,269 | $4,720 | $3,460 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 10, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS August 11, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS September 16, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS June 25, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
New Gate to Peace Foundation is led by Frank Formolo, President on every filing since 2020; none of the 7 officers listed in 2025 report compensation.
Officers on the 2025 filing
Frank Formolo
President
On filings since 2020
2 hrs/week
No compensation reported
Guillermo Garca
Director
On filings since 2020
2 hrs/week
No compensation reported
Luis Manuel Gutierrez
Director
On filings since 2020
2 hrs/week
No compensation reported
Michael Brisson
Director
On filings since 2020
2 hrs/week
No compensation reported
Juan Maria Solana
Director
On filings since 2023
2 hrs/week
No compensation reported
Gabriel Sotres
Vice President
On filings since 2020
2 hrs/week
No compensation reported
Jose Gerardo Cardenas
Secretary & Treasurer
On filings since 2020
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about New Gate to Peace Foundation
How much does New Gate to Peace Foundation give each year?
New Gate to Peace Foundation gave $2.3M across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $660K across 1 grant.
How large is New Gate to Peace Foundation?
New Gate to Peace Foundation reported $1.4M in total assets on its 2025 IRS Form 990. Its revenue that year was $4.5M.
What is New Gate to Peace Foundation?
New Gate to Peace Foundation is a public charity focused on religion, based in Houston, TX. It holds $1.4M in total assets as of 2025.
Where does New Gate to Peace Foundation operate?
New Gate to Peace Foundation has awarded grants in Georgia.
What is New Gate to Peace Foundation's EIN?
New Gate to Peace Foundation's EIN (Employer Identification Number) is 55-0907295. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching New Gate to Peace Foundation by hand.
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