John P Murphy Foundation
- Assets
- $57.4m
- Revenue
- $1.9m
- Investments
- $55.4m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 07/1962
- Data as of
- 12/2020
- 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 12/2020, John P Murphy Foundation generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.7%) each year. All expenses for the organization totaled $3.3m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, John P Murphy Foundation has awarded 467 individual grants totaling $17,801,450. 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 |
|---|---|---|---|
Nancy Mccann Pres/treas/trustee | 20 | $300,206 | |
Richard J Clark Evp/sec/trustee | 20 | $249,435 | |
John F O'brien Vp/trustee | 5 | $39,000 | |
Leslie Resnik Vp/trustee | 5 | $39,000 | |
Patricia Brownell Vp/trustee | 5 | $39,000 | |
Frederick G Stueber Vp/trustee | 5 | $39,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clearstead | 12/30/21 | $70,000 |
Lou Grasso | 12/30/21 | $51,301 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,171,548 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $756,662 |
| Capital Gain Net Income | $756,662 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,068 |
| Total Revenue | $1,931,278 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $729,599 |
| Other employee salaries and wages | $167,961 |
| Pension plans, employee benefits | $68,569 |
| Interest | $0 |
| Taxes | $24,746 |
| Depreciation | $17,180 |
| Occupancy | $57,452 |
| Travel, conferences, and meetings | $3,630 |
| Printing and publications | $0 |
| Other expenses | -$98,373 |
| Total operating and administrative expenses | $1,186,381 |
| Contributions, gifts, grants paid | $2,113,000 |
| Total expenses and disbursements | $3,299,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $867,829 |
| Savings and temporary cash investments | $786,067 |
| 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 | $105,575 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,646,869 |
| Net Land, buildings, and equipment | $132,208 |
| Other assets | $39,531 |
| Total assets | $57,374,482 |
| Accounts payable and accrued expenses | $62 |
| 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 | $62 |
Grants Awarded
Over the last fiscal year, John P Murphy Foundation has awarded $2,094,000 in support to 74 organizations.
| Grant Recipient | Amount |
|---|---|
Cleveland, OH PURPOSE: PROGRAMMATIC SUPPORT | $233,500 |
ROCK AND ROLL HALL OF FAME PURPOSE: PROGRAMMATIC SUPPORT | $200,000 |
CLEVELAND CLINIC FOUNDATION PURPOSE: PROGRAMMATIC SUPPORT | $175,000 |
Cleveland, OH PURPOSE: PROGRAMMATIC SUPPORT | $125,000 |
Cleveland, OH PURPOSE: PROGRAMMATIC SUPPORT | $121,000 |
KENT STATE UNIVERSITY FOUNDATION PURPOSE: PROGRAMMATIC SUPPORT | $109,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Douglas & Maria Devos Foundation Grand Rapids, MI | $79,921,409 | $9,501,037 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |
Jewish Foundation Of Cincinnati Cincinnati, OH | $344,322,004 | $65,111,190 |
Charles F Kettering Foundation Dayton, OH | $413,895,327 | $17,762,033 |
Jay And Jeanie Schottenstein Foundation Columbus, OH | $12,858,446 | $29,259,001 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
The Lozick Family Foundation Pepper Pike, OH | $264,438,182 | $44,457,050 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
Dow Company Foundation Bay City, MI | $175,531,548 | $110,489,699 |