Hc Drew Estate

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 726019245 ✦ Lake charles, LA ✦ Designated as a 501(c)(4)

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Overview

What is Hc Drew Estate?

Hc Drew Estate is a nonprofit organization situated in Lake Charles, Louisiana. Their primary mission is to distribute funds for general educational purposes. They contribute directly to primary and secondary schools, universities, and various educational organizations. The organization, with a modest workforce of 4 individuals, is dedicated to supporting the educational sector by providing financial aid. The specifics of their distributions can be found in an attached schedule.

Is Hc Drew Estate legitimate?

Hc Drew Estate is a legitimate nonprofit organization registered as a 501(c)(4) entity. Hc Drew Estate submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $201,383

For more financial information, click here

What is the mission statement of Hc Drew Estate?

Hc Drew Estate's mission is centered around providing financial support for various educational institutions. They channel funds to primary and secondary schools, universities, and other educational organizations for general educational purposes. This commitment is outlined in their schedule, indicating their dedication to fostering learning opportunities and promoting educational growth.

Who is the CEO of Hc Drew Estate?

Louie D Barbe Iii is the President of Hc Drew Estate.

What is the revenue of Hc Drew Estate?

Hc Drew Estate's revenue in 2022 was $3,042,077.

Who are the executives of Hc Drew Estate and what are their salaries?

The average compensation at Hc Drew Estate during 2022 was $50,346. There are 4 employees at Hc Drew Estate.


Here are 3 key members and their salaries:


C Wade Shaddock Jr (President)
  • Compensation: $143,341
  • Related: $0
  • Other: $0
Louie D Barbe Iii (Secretary/Treasurer)
  • Compensation: $101,869
  • Related: $0
  • Other: $0
John R Pohorelsky (Assistant Sec.)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Hc Drew Estate?

Hc Drew Estate's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Hc Drew Estate

Hc Drew Estate, as a nonprofit organization, is committed to providing funds for general educational purposes. This mission is carried out through direct distributions to various educational institutions, including primary and secondary schools, universities, and other related organizations. By doing so, Hc Drew Estate contributes to the broader goal of fostering learning and knowledge across multiple levels of education. The specifics of these distributions, such as the amount and frequency, can be found in the attached schedule.

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Impact




October, 2024

Hc Drew Estate significantly impacts the educational landscape by offering essential financial support to a variety of educational institutions, including primary and secondary schools as well as universities. Through direct distributions, it facilitates access to educational resources and opportunities, ensuring that students receive the quality education they deserve. By targeting funding towards general educational purposes, Hc Drew Estate contributes to enriching curricula, enhancing learning environments, and fostering academic achievement in the Lake Charles community and beyond. This commitment to education not only supports individual institutions but also promotes long-term growth and development within the broader educational ecosystem.




This information is meant to be a general summary of Hc Drew Estate. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$3,042,077 (2022)
Expenses
$4,857,969 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,790,351
  • Gross Receipts: $11,587,622

Assets and Liabilities:

  • Total Assets: $82,614,073
  • Total Liabilities: $7,776,440
  • Net Assets: $74,837,633

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Organization Details

Founding Year

1917

Principal Officer

Louie D Barbe Iii

Main Address

PO Box 2015, Lake Charles, LA, 706022015

NTEE Category

Code: B12 - Education

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