T B Murphy Foundation Charitable Trust
- Assets
- $926.7k
- Revenue
- $27.6k
- Investments
- $911.3k
- Employees
- 0
- Location
- Novi, MI
- Founding
- 09/1984
- Data as of
- 12/2022
- EIN
- 38-2531815
Organization Overview
T B Murphy Foundation Charitable Trust is located in Novi, MI. The organization was established in 1984. 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. T B Murphy Foundation 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 12/2022, T B Murphy Foundation Charitable Trust generated $27.6k 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 (10.5%) each year. All expenses for the organization totaled $75.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, T B Murphy Foundation Charitable Trust has awarded 95 individual grants totaling $423,419. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacquelyn Murphy Trustee | 0 | $0 | |
Thomas B Murphy Jr Trustee | 1 | $7,000 | |
Mark Murphy Trustee | 0 | $0 | |
Michael Murphy Trustee | 0 | $0 | |
Robert Murphy Trustee | 0 | $0 | |
Elizabeth Robert Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $194 |
| Dividends & Interest | $30,151 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,758 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $24 |
| Total Revenue | $27,611 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $136 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,000 |
| Total operating and administrative expenses | $10,136 |
| Contributions, gifts, grants paid | $65,600 |
| Total expenses and disbursements | $75,736 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,458 |
| 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 | $691,669 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $926,735 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,798 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,798 |
Grants Awarded
Over the last fiscal year, T B Murphy Foundation Charitable Trust has awarded $65,600 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
MILES CHRISTI PURPOSE: FOR THE ORGANIZATION TO USE TO ACCOMPLISH ITS TAX EXEMPT PURPOSE. | $10,000 |
ROSE HILL FOUNDATION PURPOSE: FOR THE ORGANIZATION TO USE TO ACCOMPLISH ITS TAX EXEMPT PURPOSE. | $12,000 |
YOUNG LIFE PURPOSE: FOR THE ORGANIZATION TO USE TO ACCOMPLISH ITS TAX EXEMPT PURPOSE. | $1,000 |
SALVATION ARMY PURPOSE: FOR THE ORGANIZATION TO USE TO ACCOMPLISH ITS TAX EXEMPT PURPOSE. | $5,000 |
MICHIGAN PARKINSON FOUNDATION PURPOSE: FOR THE ORGANIZATION TO USE TO ACCOMPLISH ITS TAX EXEMPT PURPOSE. | $1,000 |
MADONNA UNIVERSITY PURPOSE: FOR THE ORGANIZATION TO USE TO BENEFIT THE SCHOLARSHIP FUND. | $10,000 |