Merle F And Herbert L Hanna Foundation
- Assets
- $565.3k
- Revenue
- $322.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Lafayette, LA
- Founding
- 12/2014
- Data as of
- 12/2023
- EIN
- 47-1001248
Organization Overview
Merle F And Herbert L Hanna Foundation is located in Lafayette, LA. The organization was established in 2014. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Merle F And Herbert L Hanna Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Merle F And Herbert L Hanna Foundation generated $322.7k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $342.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLEARPORT LEARNING CENTER AT 210 WEST PINE STREET IN LAFAYETTE, LOUISIANA OPENED ITS DOORS TO HIGH SCHOOL STUDENTS OFFERING TUTORING BY CERTIFIED TEACHERS , MENTORING TIME, COMPUTER LABS, CLASSROOMS AND OTHER AFTER SCHOOL ACTIVITIES INCLUDING HOT MEALS ON SOME DAYS. STUDENTS EARN REWARDS IN THE MEDIA AND GAME ROOMS AFTER COMPLETING SCHOOL WORK. THE BUILDING WHICH HOUSES THE CENTER WAS PURCHASED, RENOVATED, AND DONATED TO THE FOUNDATION IN 2014. THE CENTER BEGAN OPERATIONS AT THE BEGINNING OF NOVEMBER, 2014, AND DURING THE YEAR 2023 HAD 243 STUDENTS ENROLLED. THE WEBSITE OF THE CENTER IS WWW.CLEARPORTLEARNING@GMAIL.COM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark S Hanna President | 4 | $0 | |
Maegan Feerick Secretary/treasurer | 8 | $0 | |
Jacques Poirier Director | 1 | $0 | |
Brent Stolzenthaler Director | 1 | $0 | |
James W Howard III Director | 1 | $0 | |
Elizabeth J Moreaucpa Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $322,683 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $322,683 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $176,475 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,758 |
| Depreciation | $24,836 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $115,863 |
| Total operating and administrative expenses | $342,455 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $342,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,058 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $514,264 |
| Other assets | $0 |
| Total assets | $565,322 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |