Dan Murphy Foundation
- Assets
- $262.3m
- Revenue
- $899.6k
- Investments
- $250.9m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 01/1959
- Data as of
- 12/2022
- EIN
- 95-6046963
Organization Overview
Dan Murphy Foundation is located in Los Angeles, CA. The organization was established in 1959. 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. Dan 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 12/2022, Dan Murphy Foundation generated $899.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (30.5%) each year. All expenses for the organization totaled $5.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard A Grant Jr Past President | 5 | $0 | |
Mother Gloria Therese Director | 5 | $0 | |
Patricia L Mckenna Treasurer | 5 | $0 | |
Michael Di Pietro Director | 5 | $0 | |
Lynne M Hook Director | 5 | $0 | |
Joseph M Lumarda Director | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Neumeier Poma Investment Counsel | 12/30/22 | $72,169 |
Pamela R Ross Cpa | 12/30/22 | $61,200 |
Cambridge Associates | 12/30/22 | $547,568 |
Vulcan Value Partners | 12/30/22 | $62,342 |
Wellington Management | 12/30/22 | $53,006 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $92,298 |
| Dividends & Interest | $1,029,489 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,094,623 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $872,403 |
| Total Revenue | $899,567 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $321,231 |
| Other employee salaries and wages | $285,000 |
| Pension plans, employee benefits | $210,402 |
| Interest | $0 |
| Taxes | $218,329 |
| Depreciation | $4,798 |
| Occupancy | $95,222 |
| Travel, conferences, and meetings | $20,266 |
| Printing and publications | $0 |
| Other expenses | $112,273 |
| Total operating and administrative expenses | $2,106,229 |
| Contributions, gifts, grants paid | $3,292,000 |
| Total expenses and disbursements | $5,398,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $578,469 |
| Savings and temporary cash investments | $3,137,806 |
| Net Accounts receivable | $218,993 |
| 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 | $85,913 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $107,459,289 |
| Net Land, buildings, and equipment | $69,560 |
| Other assets | $7,266,344 |
| Total assets | $262,276,699 |
| Accounts payable and accrued expenses | $237,127 |
| Grants payable | $5,788,644 |
| 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 | $6,025,771 |
Grants Awarded
Over the last fiscal year, Dan Murphy Foundation has awarded $1,000,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CARMELITE SISTERS PURPOSE: GENERAL OPERATING SUPPORT | $500,000 |
CATHEDRAL HIGH SCHOOL PURPOSE: GENERAL OPERATING SUPPORT | $500,000 |