Murphy Family Foundation
- Assets
- $3.6m
- Revenue
- $898.6k
- Investments
- $3.4m
- Employees
- 0
- Location
- Wayzata, MN
- Founding
- 10/2015
- Data as of
- 12/2021
- EIN
- 47-2524458
Organization Overview
Murphy Family Foundation is located in Wayzata, MN. The organization was established in 2015. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Murphy Family 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, Murphy Family Foundation generated $898.6k 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 (3.4%) each year. All expenses for the organization totaled $177.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Murphy Family Foundation has awarded 62 individual grants totaling $568,377. 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 |
|---|---|---|---|
Madelyn Murphy Director | 10 | $12,000 | |
Ann Murphy President/secretary | 2 | $0 | |
Richard Murphy Vice President/treasurer | 2 | $0 | |
Colin Murphy Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $771,134 |
| Interest on Savings | $0 |
| Dividends & Interest | $71,944 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $55,520 |
| Capital Gain Net Income | $55,520 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $898,598 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,662 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $28,056 |
| Total operating and administrative expenses | $51,414 |
| Contributions, gifts, grants paid | $126,000 |
| Total expenses and disbursements | $177,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $146,204 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,560,462 |
| 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, Murphy Family Foundation has awarded $126,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
SPARKY- Y YOUTH LABS PURPOSE: TO HELP FUND THE PROGRAMS OF THIS 501(C)(3) ORGANIZATION | $30,000 |
Fitchburg, MA PURPOSE: TO HELP FUND THE PROGRAMS OF THIS 501(C)(3) ORGANIZATION | $20,000 |
CITY OF TRAIL PURPOSE: TO HELP FUND THE PROGRAMS OF THIS SMALL GOVERNMENT ORGANIZATION | $20,000 |
GIRLS ON THE RUN PURPOSE: TO HELP FUND THE PROGRAMS OF THIS 501(C)(3) ORGANIZATION | $20,000 |
KIDS CARE CENTRE PURPOSE: TO HELP FUND THE PROGRAMS OF THIS NON-PROFIT ORGANIZATION. | $12,500 |
Kansas City, MO PURPOSE: TO HELP FUND THE PROGRAMS OF THIS 501(C)(3) ORGANIZATION | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William F Vilas Estate Oregon, WI | $133,759,429 | $14,905,447 |
Woodbourne Charitable Trust Plymouth, MN | $1,142,964 | $10,020,932 |
James M Stanton Foundation Bloomington, MN | $29,105,685 | $38,323,984 |
Cokato Charitable Trust Cokato, MN | $9,103,416 | $8,785,306 |
Jay And Rose Phillips Family Foundation Of Minnesota Minneapolis, MN | $65,545,808 | $6,097,586 |
Hennessey Charitable Trust Dubuque, IA | $69,986,391 | $0 |
Marie H Bechtel Charitable Trust Davenport, IA | $48,721,172 | $1,150,391 |
Henry J Predolin Foundation Inc Madison, WI | $69,057,848 | $691,560 |
Ciresi Walburn Foundation For Children Minneapolis, MN | $31,215,919 | $1,296,068 |
Holthues Tr Muscatine, IA | $22,886,855 | $2,685,899 |
Murphy Charitable Family Foundation Ankeny, IA | $6,139,720 | $12,111 |
Conrad Heskin Charitable Trust Grand Forks, ND | $0 | $281,368 |