M J Murdock Charitable Trust
- Assets
- $1.9b
- Revenue
- $94.5m
- Investments
- $1.9b
- Employees
- 0
- Location
- Vancouver, WA
- Founding
- 12/1975
- Data as of
- 12/2023
- EIN
- 23-7456468
Organization Overview
M J Murdock Charitable Trust is located in Vancouver, WA. The organization was established in 1975. 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. M J Murdock Charitable 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, M J Murdock Charitable Trust generated $94.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (14.3%) each year. All expenses for the organization totaled $98.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, M J Murdock Charitable Trust has awarded 5,540 individual grants totaling $790,288,031. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SECONDARY SCIENCE EDUCATORS - TWO ANNUAL CONFERENCES, ONE A NATIONAL EVENT THAT BRINGS TOGETHER PARTICIPANTS IN TEACHER-RESEARCH PROGRAMS FROM ACROSS THE COUNTRY TO DISCUSS THEIR RESEARCH AND FOR PROFESSIONAL DEVELOPMENT. THE OTHER A REGIONAL CONFERENCE THAT CONVENES PACIFIC NORTHWEST HIGH SCHOOL SCIENCE TEACHERS SUPPORTED IN THE PROGRAM TO DISCUSS THEIR RESEARCH AND PARTICIPATE IN PROFESSIONAL DEVELOPMENT OPPORTUNITIES.
BOARD DEVELOPMENT - PROGRAM THAT GIVES NONPROFIT ORGANIZATIONS AND LEADERS THE TRAINING, TOOLS AND TEMPLATES FOR ENGAGING IN AND BUILDING EFFECTIVE NONPROFIT BOARD GOVERNANCE.
MURDOCK COLLEGE SCIENCE RESEARCH PROGRAM - CONFERENCE THAT FOCUSES ON SHARING AND ADVANCING NEW KNOWLEDGE IN THE SCIENCES CREATED OR DISCOVERED THROUGH COLLABORATIVE FACULTY-STUDENT RESEARCH.
ESSENTIALS OF DEVELOPMENT - A NON-PROFIT TRAINING PROGRAM CENTERED ON A TWO-DAY SEMINAR DESIGNED TO HELP SMALLER OR START-UP ORGANIZATIONS BUILD A SUSTAINABLE DEVELOPMENT STRUCTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elmer Huh Cio | 45 | $639,409 | |
Mike True CFO | 45 | $346,982 | |
Romanita Hairston CEO | 45 | $551,445 | |
Jeff Grubb Trustee | 15.25 | $141,300 | |
Jeff Pinneo Trustee | 15.25 | $141,300 | |
John Castles Trustee | 15.25 | $141,300 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zevenbergen Capital Investments Llc | 12/30/23 | $894,270 |
Alliance Bernstein Lp | 12/30/23 | $610,690 |
Pinnacle Associates Ltd | 12/30/23 | $576,465 |
Primecap Management Company | 12/30/23 | $521,732 |
Calamos Investments | 12/30/23 | $484,225 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,059,498 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $88,406,344 |
| Capital Gain Net Income | $82,942,308 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $94,465,842 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,190,943 |
| Other employee salaries and wages | $4,373,506 |
| Pension plans, employee benefits | $1,892,359 |
| Interest | $62,492 |
| Taxes | $1,948,975 |
| Depreciation | $177,715 |
| Occupancy | $950,103 |
| Travel, conferences, and meetings | $1,781,489 |
| Printing and publications | $78,430 |
| Other expenses | $3,789,823 |
| Total operating and administrative expenses | $19,993,765 |
| Contributions, gifts, grants paid | $78,149,690 |
| Total expenses and disbursements | $98,143,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $702,590 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $4,261,935 |
| 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 | $471,585 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,302,943,676 |
| Net Land, buildings, and equipment | $799,027 |
| Other assets | $2,868,622 |
| Total assets | $1,892,899,273 |
| Accounts payable and accrued expenses | $322,541 |
| Grants payable | $137,047,128 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $11,951,515 |
| Total liabilities | $149,321,184 |
Grants Awarded
Over the last fiscal year, M J Murdock Charitable Trust has awarded $217,133,208 in support to 1,446 organizations.
| Grant Recipient | Amount |
|---|---|
I HAVE A DREAM FOUNDATION PURPOSE: ELEMENTARY PROGRAM EXPANSION AND ASSOCIATE DIRECTOR | $51,750 |
#INSTABALLET PURPOSE: INAUGURAL EXECUTIVE DIRECTOR | $73,500 |
100 FOLD STUDIO PURPOSE: VISION AND CALL INTERNSHIP PROGRAM (PHASE 9 - GRANT CYCLE 3) | $26,400 |
4WORD PURPOSE: 4WORD THREE-YEAR ORGANIZATION-WIDE TECHNOLOGY UPGRADE REQUEST | $24,500 |
A ROCHA USA PURPOSE: VISION AND CALL INTERNSHIP PROGRAM (PHASE 9 - GRANT CYCLE 1) | $49,500 |
A VILLAGE FOR ONE PURPOSE: THERAPEUTIC HOUSING DIRECTOR | $127,000 |