Murray Trust
- Assets
- $1.6m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Rock Rapids, IA
- Founding
- 02/1973
- Data as of
- 12/2023
- EIN
- 23-7181382
Organization Overview
Murray Trust is located in Rock Rapids, IA. The organization was established in 1973. 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. Murray Trust 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, Murray Trust generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 28.0% each year . All expenses for the organization totaled $202.8k during the year ending 12/2023. While expenses have increased by 2.5% per year over the past 9 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Wippert Trustee | 0 | $0 | |
Jessica Harman Trustee | 0 | $0 | |
Dana Fick Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,521 |
| Net Rental Income | $87,879 |
| Net Gain on Sale of Assets | $1,561,768 |
| Capital Gain Net Income | $1,561,768 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,664,718 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,542 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $570 |
| Total operating and administrative expenses | $26,490 |
| Contributions, gifts, grants paid | $176,267 |
| Total expenses and disbursements | $202,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,223 |
| Savings and temporary cash investments | $1,523,081 |
| 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 | $88,717 |
| Other assets | $8,778 |
| Total assets | $1,633,799 |
| 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 |