Murray Family Charitable Foundation
- Assets
- $32.0m
- Revenue
- $3.9m
- Investments
- $28.6m
- Employees
- 0
- Location
- Warren, RI
- Founding
- 05/1995
- Data as of
- 12/2020
- EIN
- 05-0475089
Organization Overview
Murray Family Charitable Foundation is located in Warren, RI. The organization was established in 1995. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Murray Family Charitable 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 12/2020, Murray Family Charitable Foundation generated $3.9m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $2.0m during the year ending 12/2020. While expenses have increased by 0.5% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER CHARITBALE ORGANIZATIONS
EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Craigan Director | 2 | $22,500 | |
Terrence Murray Director | 2 | $22,500 | |
Christopher D Murray Director | 2 | $22,500 | |
Colleen M Coggins Director | 2 | $22,500 | |
Paula Mcnamara President & Treasurer | 15 | $22,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,130,993 |
| Interest on Savings | $187,406 |
| Dividends & Interest | $662,915 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,242,851 |
| Capital Gain Net Income | $2,242,851 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$283,333 |
| Total Revenue | $3,940,832 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $164,224 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $61,652 |
| Taxes | $49,548 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $204,254 |
| Total operating and administrative expenses | $500,089 |
| Contributions, gifts, grants paid | $1,492,683 |
| Total expenses and disbursements | $1,992,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,320,039 |
| 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 | $28,593,543 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $48,361 |
| Total assets | $31,961,943 |
| 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 |
Grants Awarded
Over the last fiscal year, Murray Family Charitable Foundation has awarded $1,461,869 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED LIST PURPOSE: GENERAL CHARITABLE PURPOSES | $1,461,512 |
FROM PARTNERSHIPS PURPOSE: GENERAL CHARITABLE PURPOSES | $357 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Murray Family Charitable Foundation has recieved totaling $92,770.
| Awarding Organization | Amount |
|---|---|
Boston Bruins Charitable Foundation Inc Boston, MA PURPOSE: COMMUNITY SUPPORT | $46,385 |
Boston Bruins Charitable Foundation Inc Boston, MA PURPOSE: COMMUNITY SUPPORT | $46,385 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ruderman Family Foundation Newton, MA | $161,614,404 | $9,111,768 |
Mary Field And Vincent Dep Goubeau Charitable Tr 1996 Boston, MA | $0 | $23 |
Institution For Savings In Newbrypt & Its Vcnty Chrtble Foundation Inc Newburyport, MA | $16,132,654 | $1,229,352 |
Murray Family Charitable Foundation Warren, RI | $31,961,943 | $3,940,832 |
Reba Judith Sandler Foundation Inc Boston, MA | $5,763,560 | $785,814 |
Irish Educational Foundation Inc Medfield, MA | $347,368 | $886,507 |
Remillard Family Foundation Inc Boylston, MA | $2,980,134 | $5,321 |
Weatherstone Family Foundation Inc Darien, CT | $1,443,573 | $200,860 |
Bruce J Anderson Foundation Inc Boston, MA | $5,987,484 | $43,256 |
Marino Charitable Foundation 121693 Dover, MA | $877,764 | $34,831 |
Frank C & Vera L Corry Memorial Fund Bridgeport, CT | $2,030,687 | $246,210 |
Henry Unger Family Foundation Fairfield, CT | $2,008,612 | $725,383 |