Civic Intelligence

Hc Drew Estate

990 • Fiscal year 2022 • EIN 72-6019245

Jan 01, 2022 to Dec 31, 2022 • Filed on Aug 08, 2023

Organization Profilen/a
PO Box 2015Lake Charles, LA 70602-2015

(337) 433-6293

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

42nd percentile

0.09x

Higher debt load relative to assets than 42% of similar nonprofits.

2022 filings • $50M-$100M nonprofits • Source year 2022

Liabilities / Revenue

86th percentile

2.56x

Higher debt load relative to revenue than 86% of similar nonprofits.

2022 filings • $50M-$100M nonprofits • Source year 2022

Net Margin

9th percentile

-60%

Higher net margin than 9% of similar nonprofits.

2022 filings • $50M-$100M nonprofits • Source year 2022

Top Officer Pay

27th percentile

$143,341

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2022 filings • $50M-$100M nonprofits • Source year 2022

Asset Growth

5th percentile

-21%

Faster asset growth than 5% of similar nonprofits.

2022 filings • $50M-$100M nonprofits • Annualized from 2021 to 2022

Revenue Growth

6th percentile

-71%

Faster revenue growth than 6% of similar nonprofits.

2022 filings • $50M-$100M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets42nd percentile

Assets

Down

$82,614,073

Down $21,400,756 (-21%) from 2021

Net Assets

Down

$74,837,633

Down $21,973,007 (-23%) from 2021

Liabilities

Up

$7,776,440

Up $572,251 (+7.9%) from 2021

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin9th percentile

Revenue

Down

$3,042,077

Down $7,516,343 (-71%) from 2021

Expenses

Up

$4,857,969

Up $659,770 (+16%) from 2021

Net Income

Down

-$1,815,892

Down $8,176,113 (-129%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2011: $47,036,647Liabilities 2011: $1,967,736Net Assets 2011: $45,068,9112011Assets 2012: $52,321,398Liabilities 2012: $2,152,528Net Assets 2012: $50,168,8702012Assets 2013: $61,926,433Liabilities 2013: $2,922,584Net Assets 2013: $59,003,8492013Assets 2014: $60,339,033Liabilities 2014: $3,527,364Net Assets 2014: $56,811,6692014Assets 2015: $58,017,810Liabilities 2015: $2,948,606Net Assets 2015: $55,069,2042015Assets 2016: $58,551,821Liabilities 2016: $3,464,889Net Assets 2016: $55,086,9322016Assets 2017: $67,735,599Liabilities 2017: $3,692,955Net Assets 2017: $64,042,6442017Assets 2018: $63,959,599Liabilities 2018: $4,180,216Net Assets 2018: $59,779,3832018Assets 2019: $77,559,859Liabilities 2019: $4,438,494Net Assets 2019: $73,121,3652019Assets 2020: $89,945,751Liabilities 2020: $5,995,618Net Assets 2020: $83,950,1332020Assets 2021: $104,014,829Liabilities 2021: $7,204,189Net Assets 2021: $96,810,6402021Assets 2022: $82,614,073Liabilities 2022: $7,776,440Net Assets 2022: $74,837,6332022Assets 2023: $93,680,905Liabilities 2023: $8,311,709Net Assets 2023: $85,369,1962023Assets 2024: $100,978,418Liabilities 2024: $6,466,091Net Assets 2024: $94,512,3272024

Highlighted filing

2022

Assets$82,614,073
Liabilities$7,776,440
Net Assets$74,837,633
Open 2022 Filing

Operations Trend

Revenue Growth6th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$10M$0-$10MRevenue 2011: $1,356,573Expenses 2011: $1,592,012Net Income 2011: -$235,4392011Revenue 2012: $4,103,277Expenses 2012: $1,873,786Net Income 2012: $2,229,4912012Revenue 2013: $4,365,593Expenses 2013: $2,313,035Net Income 2013: $2,052,5582013Revenue 2014: $6,016,323Expenses 2014: $7,709,525Net Income 2014: -$1,693,2022014Revenue 2015: $2,830,891Expenses 2015: $2,733,729Net Income 2015: $97,1622015Revenue 2016: $1,741,114Expenses 2016: $3,036,906Net Income 2016: -$1,295,7922016Revenue 2017: $3,648,721Expenses 2017: $2,209,825Net Income 2017: $1,438,8962017Revenue 2018: $5,473,002Expenses 2018: $2,481,319Net Income 2018: $2,991,6832018Revenue 2019: $3,198,552Expenses 2019: $1,834,902Net Income 2019: $1,363,6502019Revenue 2020: $1,776,986Expenses 2020: $3,320,042Net Income 2020: -$1,543,0562020Revenue 2021: $10,558,420Expenses 2021: $4,198,199Net Income 2021: $6,360,2212021Revenue 2022: $3,042,077Expenses 2022: $4,857,969Net Income 2022: -$1,815,8922022Revenue 2023: $4,045,219Expenses 2023: $3,679,109Net Income 2023: $366,1102023Revenue 2024: $18,758,070Expenses 2024: $4,181,774Net Income 2024: $14,576,2962024

Highlighted filing

2022

Revenue$3,042,077
Expenses$4,857,969
Net Income-$1,815,892
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 8, 2023
Return Version
2022v5.0
Gross Receipts
$11,587,622
Mission and Program Overview

Mission

To provide funds for gerneral educational purposes.

To provide funds for general educational purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$91,809,572$75,868,202▼ $15,941,370
Rtn Earn Endowment Incm Other Fnds$96,810,640$74,837,633▼ $21,973,007
Savings and Temporary Cash Investments$9,614,627$4,198,148▼ $5,416,479
Land, Buildings, and Equipment, Net$2,590,553$2,542,474▼ $48,079
Accounts Receivable$77$5,248▲ $5,171
Cash and Non-Interest-Bearing Accounts-$1-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$104,014,829$82,614,073▼ $21,400,756
Liabilities
Other Liabilities$6,179,413$5,313,190▼ $866,223
Grants Payable$1,021,274$2,438,003▲ $1,416,729
Accounts Payable and Accrued Expenses$3,502$25,247▲ $21,745
Total Liabilities$7,204,189$7,776,440▲ $572,251
Net Assets / Fund Balance
Total Net Assets Fund Balance$96,810,640$74,837,633▼ $21,973,007
Total Liabilities and Net Assets / Fund Balance$104,014,829$82,614,073▼ $21,400,756

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$233,588$908,728-
Other Land Buildings$39,162$69,035-
Land$2,192,729--
Equipment$22,537$292,343-
Leasehold Improvements$54,458$208,197-
Other Securities$75,868,202--
Compensation and Service Providers
Top Officer Pay27th percentile

Employees

NameTitleFull / Part TimeBaseTotal
C Wade Shaddock JrPresidentFT$143,341$143,341
Louie D Barbe IIISecretary/TreasurerFT$101,869$101,869

Board Members and Trustees

NameTitle
John R PohorelskyAssistant Sec.
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1,790,351
Other Revenue
$1,251,726
Change in Net Assets
$-1,815,892
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$4,998,344
Other Expenses$51,308
Professional Fundraising Fees$0
Total Fundraising Expense$0
Salaries, Compensation, and Employee Benefits$-191,683

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$4,998,344--$4,998,344
Other Salaries and Wages$104,719$96,664-$201,383
Insurance$12,115$11,184-$23,299
Fees for Services Other$8,484$7,832-$16,316
Payroll Taxes$8,106$7,482-$15,588
Depreciation Depletion$1,591$1,469-$3,060
Other Expenses$1,152$1,063-$2,215
All Other Expenses$-1,689$-1,558-$-3,247
Pension Plan Contributions$-212,500$-196,154-$-408,654
Total Functional Expenses$4,925,347$-67,378$0$4,857,969
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Compensation$5,313,190
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

“The return is prepared by a CPA. The CPA then presents the return to the trustees. The return is reviewed by the trustees, signed and mailed to the Internal Revenue Service.”

Form 990, Part VI, Section C, line 19

“Upon request documents are provided to the public. An office is maintained during normal business hours. When documents are requested copies are provided.”

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

“C. Wade Shaddock, Jr. - 1415 Foster, Lake Charles, LA 70601. Louie D. Barbe III - 905 Shell Beach Drive, Lake Charles, LA 70601. John R. Pohorelsky - 901 Lakeshore Drive Floor #9, Lake Charles, LA 70601.”

Filing and Contact Details

Filer

Filer Name
HC Drew Estate
EIN
72-6019245
Phone
3374336293
Address
PO Box 2015, Lake Charles, LA 70602-2015

Signing Officer

Name
Louie D Barbe III
Title
President
Phone
3374336293
Signed
2023-08-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Louie D Barbe III
Formed
1917
Legal Domicile
La
Voting Board Members
0
Independent Board Members
0
Employees
4
Volunteers
0

Preparer

Firm
McElroy Quirk & Burch
Address
PO Box 3070, Lake Charles, LA 70602-3070
Preparer
Mollie C Broussard CPA
Phone
3374331063
Raw XML Appendix355 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The return is prepared by a CPA. The CPA then presents the return to the trustees. The return is reviewed by the trustees, signed and mailed to the Internal Revenue Service.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Upon request documents are provided to the public. An office is maintained during normal business hours. When documents are requested copies are provided.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2C. Wade Shaddock, Jr. - 1415 Foster, Lake Charles, LA 70601. Louie D. Barbe III - 905 Shell Beach Drive, Lake Charles, LA 70601. John R. Pohorelsky - 901 Lakeshore Drive Floor #9, Lake Charles, LA 70601.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VII Contact Addresses for Officers, Directors, Etc
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0104014829
IRS990/TotalAssetsEOYAmt082614073
IRS990/TotalAssetsGrp/BOYAmt0104014829
IRS990/TotalAssetsGrp/EOYAmt082614073
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0-67378
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04925347
IRS990/TotalFunctionalExpensesGrp/TotalAmt04857969
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07204189
IRS990/TotalLiabilitiesEOYAmt07776440
IRS990/TotalLiabilitiesGrp/BOYAmt07204189
IRS990/TotalLiabilitiesGrp/EOYAmt07776440
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt096810640
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt074837633
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt04925347
IRS990/TotalReportableCompFromOrgAmt0245210
IRS990/TotalRevenueGrp/ExclusionAmt0892664
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02149413
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03042077
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0104014829
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt082614073
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 125
IRS990/USAddress/CityNm0Lake Charles
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd070602
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0n/a
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Louie D Barbe III
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum03374336293
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-08-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HC Drew Estate
ReturnHeader/Filer/BusinessNameControlTxt0HCDR
ReturnHeader/Filer/EIN0726019245
ReturnHeader/Filer/PhoneNum03374336293
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 2015
ReturnHeader/Filer/USAddress/CityNm0Lake Charles
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd0706022015
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0721086674
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0McElroy Quirk & Burch
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 3070
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Lake Charles
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0706023070
ReturnHeader/PreparerPersonGrp/PhoneNum03374331063
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Mollie C Broussard CPA
ReturnHeader/ReturnTs02023-08-11T08:55:09-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Louie
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Barbe III
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$82,614,073
Liabilities
$7,776,440
Net assets
$74,837,633
Revenue
$3,042,077
Expenses
$4,857,969
Net income
-$1,815,892
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$101$6.47$94.5$18.8$4.18$14.6
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$93.7$8.31$85.4$4.05$3.68$0.37
2022Detailed filing. Detailed filing data is available for this year.$82.6$7.78$74.8$3.04$4.86$1.82
2021Detailed filing. Detailed filing data is available for this year.$104$7.20$96.8$10.6$4.20$6.36
2020Detailed filing. Detailed filing data is available for this year.$89.9$6.00$84.0$1.78$3.32$1.54
2019Summary only. Only limited summary data is available for this year.$77.6$4.44$73.1$3.20$1.83$1.36
2018Summary only. Only limited summary data is available for this year.$64.0$4.18$59.8$5.47$2.48$2.99
2017Summary only. Only limited summary data is available for this year.$67.7$3.69$64.0$3.65$2.21$1.44
2016Summary only. Only limited summary data is available for this year.$58.6$3.46$55.1$1.74$3.04$1.30
2015Summary only. Only limited summary data is available for this year.$58.0$2.95$55.1$2.83$2.73$0.10
2014Summary only. Only limited summary data is available for this year.$60.3$3.53$56.8$6.02$7.71$1.69
2013Summary only. Only limited summary data is available for this year.$61.9$2.92$59.0$4.37$2.31$2.05
2012Summary only. Only limited summary data is available for this year.$52.3$2.15$50.2$4.10$1.87$2.23
2011Summary only. Only limited summary data is available for this year.$47.0$1.97$45.1$1.36$1.59$0.24