John P Murphy Foundation
- Assets
- $52.3m
- Revenue
- $1.5m
- Investments
- $51.5m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 07/1962
- Data as of
- 12/2023
- EIN
- 34-6528308
Organization Overview
John P Murphy Foundation is located in Cleveland, OH. The organization was established in 1962. 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. John P Murphy 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, John P Murphy Foundation generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $3.8m during the year ending 12/2023. While expenses have increased by 5.3% per year over the past 8 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.
Since 2016, John P Murphy Foundation has awarded 624 individual grants totaling $22,307,050. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Brownell Vp/trustee | 5 | $40,500 | |
Richard J Clark Vp/trustee | 20 | $40,500 | |
Nancy Mccann Pres/treas/trustee | 20 | $323,471 | |
John F O'brien Vp/trustee | 5 | $40,500 | |
Leslie Resnik Vp/trustee | 5 | $40,500 | |
Frederick G Stueber Vp/trustee | 5 | $40,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clearstead | 12/30/22 | $70,000 |
Lou Grasso | 12/30/22 | $51,772 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $972,458 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $528,728 |
| Capital Gain Net Income | $529,022 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,091 |
| Total Revenue | $1,508,277 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $813,834 |
| Other employee salaries and wages | $199,399 |
| Pension plans, employee benefits | $94,930 |
| Interest | $0 |
| Taxes | $30,565 |
| Depreciation | $16,877 |
| Occupancy | $54,503 |
| Travel, conferences, and meetings | $25,928 |
| Printing and publications | $0 |
| Other expenses | -$83,419 |
| Total operating and administrative expenses | $1,322,388 |
| Contributions, gifts, grants paid | $2,484,600 |
| Total expenses and disbursements | $3,806,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $596,047 |
| Savings and temporary cash investments | $5,344 |
| 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 | $106,744 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $11,184,978 |
| Net Land, buildings, and equipment | $114,710 |
| Other assets | $10,490 |
| Total assets | $52,308,197 |
| Accounts payable and accrued expenses | $6,171 |
| 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 | $6,171 |
Grants Awarded
Over the last fiscal year, John P Murphy Foundation has awarded $2,484,600 in support to 81 organizations.
| Grant Recipient | Amount |
|---|---|
AKRON ART MUSEUM PURPOSE: PROGRAMMATIC SUPPORT | $10,000 |
ASSEMBLY FOR THE ARTS PURPOSE: PROGRAMMATIC SUPPORT | $10,000 |
BLUE WATER CHAMBER ORCHESTRA PURPOSE: PROGRAMMATIC SUPPORT | $20,000 |
APOLLO'S FIRE-CLEVELAND BAROQUE ORCHESTRA PURPOSE: PROGRAMMATIC SUPPORT | $40,000 |
CHAGRIN DOCUMENTARY FILM FESTIVAL PURPOSE: PROGRAMMATIC SUPPORT | $2,000 |
CASE WESTERN RESERVE UNIVERSITY PURPOSE: PROGRAMMATIC SUPPORT | $50,000 |