The Albert K Murray Fine Arts Educational Fund
- Assets
- $1.8m
- Revenue
- $238.7k
- Investments
- $1.7m
- Employees
- 0
- Location
- Adamsville, OH
- Founding
- 08/1994
- Data as of
- 12/2021
- EIN
- 31-1404573
Organization Overview
The Albert K Murray Fine Arts Educational Fund is located in Adamsville, OH. The organization was established in 1994. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albert K Murray Fine Arts Educational Fund 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 12/2021, Albert K Murray Fine Arts Educational Fund generated $238.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $82.2k during the year ending 12/2021. While expenses have increased by 2.7% per year over the past 7 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 2015, Albert K Murray Fine Arts Educational Fund has awarded 127 individual grants totaling $408,918. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendel E Dreve Trustee | 0 | $0 | |
Marion C Gilliland Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8 |
| Dividends & Interest | $41,624 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $197,036 |
| Capital Gain Net Income | $197,036 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $238,668 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,431 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12 |
| Total operating and administrative expenses | $4,443 |
| Contributions, gifts, grants paid | $77,776 |
| Total expenses and disbursements | $82,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $54,857 |
| 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 | $1,660,672 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $68,885 |
| Total assets | $1,784,414 |
| 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 | $936 |
| Total liabilities | $936 |
Grants Awarded
Over the last fiscal year, The Albert K Murray Fine Arts Educational Fund has awarded $77,776 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
IDALIA VASQUES PURPOSE: EDUCATION | $8,195 |
MORGAN DROUIN PURPOSE: EDUCATION | $7,430 |
MADELINE DAVIS PURPOSE: EDUCATION | $7,275 |
PIPER BANGS PURPOSE: EDUCATION | $4,900 |
DANIELLE O'MALLEY PURPOSE: EDUCATION | $4,750 |
ARIEL FERREL PURPOSE: EDUCATION | $4,700 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The American Ceramic Society Inc Westerville, OH | $14,880,081 | $7,163,335 |
Museum Of Contemporary Art Cleveland Cleveland, OH | $27,997,238 | $2,174,653 |
Glass City Academy Toledo, OH | $3,212,958 | $2,938,051 |
Conservation Center For Art And Historic Artifacts Philadelphia, PA | $4,515,696 | $3,186,711 |
Clay Studio Philadelphia, PA | $16,944,971 | $9,873,164 |
Manchester Craftsmens Guild Pittsburgh, PA | $15,522,345 | $4,460,670 |
Unite Local 10 & Textile Maint Ind Philadelphia & Vicinity Welfare Philadelphia, PA | $3,000,579 | $1,742,913 |
Pewabic Society Inc Detroit, MI | $5,130,048 | $2,328,763 |
Artprize Grand Rapids Grand Rapids, MI | $1,087,754 | $2,849,118 |
Pittsburgh Glass Center Inc Pittsburgh, PA | $6,794,843 | $3,874,545 |
1hood Media Academy Pittsburgh, PA | $1,967,840 | $1,856,214 |
Downtown Toledo Development Corporation Toledo, OH | $1,911,388 | $1,327,098 |