Murphy Family Foundation
- Assets
- $6.5m
- Revenue
- $223.0k
- Investments
- $6.4m
- Employees
- 0
- Location
- Solon, OH
- Founding
- 03/1987
- Data as of
- 12/2023
- EIN
- 34-1526161
Organization Overview
Murphy Family Foundation is located in Solon, OH. The organization was established in 1987. 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. Murphy Family 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, Murphy Family Foundation generated $223.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $499.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Murphy Family Foundation has awarded 346 individual grants totaling $2,348,819. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Murlan J Murphy Jr Trustee | 2 | $0 | |
Raymond M Murphy Trustee | 2 | $0 | |
Paul J Murphy Secretary & Treasurer | 4 | $0 | |
Brian F Murphy Trustee | 2 | $0 | |
Rita M Carfagna Trustee | 4 | $0 | |
Melody Murphy President | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $30,048 |
| Dividends & Interest | $184,505 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,436 |
| Capital Gain Net Income | $8,436 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $222,989 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,698 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,464 |
| Total operating and administrative expenses | $94,805 |
| Contributions, gifts, grants paid | $404,450 |
| Total expenses and disbursements | $499,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,710 |
| Savings and temporary cash investments | $0 |
| 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 | $6,419,861 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,498,571 |
| 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, Murphy Family Foundation has awarded $404,450 in support to 64 organizations.
| Grant Recipient | Amount |
|---|---|
BENJAMIN ROSE INSTITUTE ON AGING PURPOSE: GENERAL FUND | $5,000 |
BOYS & GIRLS CLUB OF CLEVELAND PURPOSE: GENERAL FUND | $10,000 |
BUILDING HOPE IN THE CITY PURPOSE: GENERAL FUND | $7,500 |
FRONT STEPS HOUSING AND SERVICES INC PURPOSE: GENERAL FUND | $7,500 |
JOSEPH'S HOME PURPOSE: GENERAL FUND | $5,000 |
EDNA HOUSE FOR WOMEN INC PURPOSE: GENERAL FUND | $5,000 |