Lupe Murchison Foundation
- Assets
- $57.5m
- Revenue
- $3.9m
- Investments
- $54.4m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 11/2002
- Data as of
- 12/2023
- EIN
- 75-2953224
Organization Overview
Lupe Murchison Foundation is located in Dallas, TX. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Lupe Murchison 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, Lupe Murchison Foundation generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $3.8m during the year ending 12/2023. While expenses have increased by 3.0% per year over the past 5 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 2020, Lupe Murchison Foundation has awarded 140 individual grants totaling $11,609,279. 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 |
|---|---|---|---|
Jerry V Smith Trustee | 15 | $479,713 | |
Robert Mcculloch Trustee | 1 | $10,075 | |
D Michael Redden Trustee | 1 | $7,150 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $404,155 |
| Dividends & Interest | $1,024,677 |
| Net Rental Income | $110,324 |
| Net Gain on Sale of Assets | $1,753,647 |
| Capital Gain Net Income | $1,658,967 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $611,411 |
| Total Revenue | $3,925,074 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $496,938 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $67,217 |
| Taxes | $77,048 |
| Depreciation | $165,402 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $1,630 |
| Other expenses | $302,789 |
| Total operating and administrative expenses | $1,279,013 |
| Contributions, gifts, grants paid | $2,500,589 |
| Total expenses and disbursements | $3,779,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,019,497 |
| 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 | $38,061,370 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $57,455,924 |
| 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, Lupe Murchison Foundation has awarded $2,500,589 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
BUSINESS COUNCIL FOR THE ARTS PURPOSE: $5,000 FOR THE 2022 OBELISK AWARDS, $25,000 FOR WHEREVER IT IS NEEDED MOST. | $25,000 |
THE MEN OF NEHEMIAH PURPOSE: $100,000.00 RESTRICTED TO NEW BUILDING CAPITAL, $200,000 TO WHEREVER IT IS NEEDED MOST. | $200,000 |
FIRST LIBERTY INSTITUTE PURPOSE: WHEREVER IT IS NEEDED MOST. | $125,000 |
CORNERSTONE COMMUNITY DEVELOPMENT C PURPOSE: AFTERSCHOOL PROGRAM/SUMMER CAMP | $100,000 |
SCHOLARSHOT INC PURPOSE: WHEREVER IT IS NEEDED MOST. | $75,000 |
MOMENTOUS INSTITUTE PURPOSE: WHEREVER IT IS NEEDED MOST. | $100,000 |