Exempt Organizations Select Check
Automatic Revocation of Exemption Information
The federal tax exemption of this organization was automatically revoked for its failure to file a Form 990-series return or notice for three consecutive years.
Revocation Date (effective date on which organization's tax exemption was automatically revoked):
15-May-2014
Employer Identification Number (EIN):
26-2454184
Legal Name:
INSTITUTE EARTHQUEST
Mailing Address:
21575 US HIGHWAY 59 NORTH
NEW CANEY, TX 77357-8355
United States
Exemption Type:
501(c)(3)
Revocation Posting Date (date on which IRS posted notice of automatic revocation on IRS.gov):
15-Oct-2014
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Don Allen Holbrook ran this charity right into the ground while making quite a pretty penny. Who would pay a fool like him $185.00 an hour??? Don Holbrook, president of the Institute (and a consultant for EMCID and EarthQuest), received total compensation of $328,255 plus over 8 grand a month for 6 months in 2012. All this money, 1.4 million dollars total, and no charitable activity whatsoever. And, this scam of a charity certainly didn't promote the for profit theme park either as that has never come to fruition (though that is clearly not a legitimate charitable function.)
Previous Stories
The president and CEO of this organization was paid a whopping $185.00 an hour to run it into the ground. His salary was much of the 1.4 million this charity blew through. Most of that money came from the taxpayers in East Montgomery County who had no idea that their East Montgomery County Improvement District was paying hundreds of thousands in tax dollars to a bankrupt and fundamentally fraudulent charity. Promoting a for profit theme park and further lining the pockets of folks already making hundreds of thousands on the for profit and still non-existent theme park does not constitute a legitimate charitable purpose.
http://www.click2houston.com/news/New-questions-arise-about-amusement-park-project/17147970