Murray C & Jo P Murphey Fndtn Inc
- Assets
- $1.4m
- Revenue
- $96.3k
- Investments
- $1.1m
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 08/1992
- Data as of
- 12/2022
- EIN
- 62-1497933
Organization Overview
Murray C & Jo P Murphey Fndtn Inc is located in Memphis, TN. The organization was established in 1992. 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. Murray C & Jo P Murphey Fndtn Inc 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 12/2022, Murray C & Jo P Murphey Fndtn Inc generated $96.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 56.0% each year . All expenses for the organization totaled $75.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Murray C & Jo P Murphey Fndtn Inc has awarded 26 individual grants totaling $534,500. 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 |
|---|---|---|---|
Deborah K White President, Director | 2 | $0 | |
Mark D Hickman Secretary, Director | 1 | $0 | |
Michael R White Treasurer, Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,187 |
| Dividends & Interest | $25,604 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $69,529 |
| Capital Gain Net Income | $69,529 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $96,320 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $23 |
| Other expenses | $822 |
| Total operating and administrative expenses | $15,858 |
| Contributions, gifts, grants paid | $60,000 |
| Total expenses and disbursements | $75,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $236,481 |
| Savings and temporary cash investments | $34,954 |
| 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 | $1,397,261 |
| 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 C & Jo P Murphey Fndtn Inc has awarded $60,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HOPE WORKS INC PURPOSE: COMMUNITY SERVICES GENERAL FUNDS | $20,000 |
AGAPE CHILD AND FAMILY SERVICES PURPOSE: FAMILY SERVICES GENERAL FUNDS | $20,000 |
WHITE STATION CHURCH OF CHRIST PURPOSE: SOMA COLLEGE MINISTRY | $10,000 |
HARDING SCHOOL OF THEOLOGY PURPOSE: GENERAL FUND | $10,000 |