Louisiana Real Estate Foundation

Organization Overview

Louisiana Real Estate Foundation is located in Lafayette, LA. The organization was established in 2007. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisiana Real Estate 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 12/2021, Louisiana Real Estate Foundation generated $321.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.6%) each year. All expenses for the organization totaled $800.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT COMMUNITY FOUNDATION OF ACADIANA BY ACCEPTING GIFTS OF REAL ESTATE AND TO HOLD AND MANAGE IMMOVABLE PROPERTIES

Describe the Organization's Program Activity:

Part 3 - Line 4a

MANAGEMENT OF PROPERTY AND DEBT FOR ASCENSION EPISCOPAL HIGH SCHOOL


MANAGEMENT OF PROPERTY AND DEBT FOR ASCENSION EPISCOPAL PRESCHOOL.


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Board, Officers & Key Employees

Name (title)Compensation
Jerry F Shea Jr
Chair
$0
Jason Freyou
Vice Chair
$0
Clay Darnall
Secretary/treasurer
$0
Robert Rob Eddy Jr
Past Chair
$0
Raymond J Hebert
President And CEO
$0
Patrick Patout
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$5,312
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$5,312
Total Program Service Revenue$315,730
Investment income $47
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$29
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $321,060

Endowment Analysis

Beg. Balance$54,030
Earnings$17
Admin Expense$404
Ending Balance$53,643

Peer Organizations

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