Murad Family Foundation
- Assets
- $1.6m
- Revenue
- $98.6k
- Investments
- $1.5m
- Employees
- 0
- Location
- Manhattan Beach, CA
- Founding
- 06/2011
- Data as of
- 12/2021
- EIN
- 45-1585141
Organization Overview
Murad Family Foundation is located in Manhattan Beach, CA. The organization was established in 2011. According to its NTEE Classification (W12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Murad 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 12/2021, Murad Family Foundation generated $98.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.7%) each year. All expenses for the organization totaled $57.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (19.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Murad Family Foundation has awarded 124 individual grants totaling $1,250,395. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hilarie Murad President | 0.5 | $20,267 | |
Jeffrey Murad Secretary | 0.25 | $0 | |
Richard Murad CEO | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $36,950 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $61,644 |
| Capital Gain Net Income | $68,967 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $98,594 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,267 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $260 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $936 |
| Total operating and administrative expenses | $43,795 |
| Contributions, gifts, grants paid | $13,500 |
| Total expenses and disbursements | $57,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $47,683 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $1,569,627 |
| 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, Murad Family Foundation has awarded $15,750 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BIG BROTHERS BIG SISTERS PURPOSE: SCHOLARSHIP FUND | $8,000 |
Los Angeles, CA PURPOSE: NURTURE STUDENTS TO REACH POTENTIAL | $7,500 |
Hermosa Beach, CA PURPOSE: UNRESTRICTED SUPPORT | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sacramento County Public Facilites Financing Corp Sacramento, CA | $120,117,209 | $6,428,968 |
Woodlawn Foundation San Mateo, CA | $47,161,530 | $8,457,858 |
Seal-Naval Special Warfare Foundation-San Diego Carlsbad, CA | $1,430,292 | $2,046,385 |
George And Melodie Rogers Foundation Fresno, CA | $58,468 | $1,000,014 |
Operation Help A Hero Rancho Santa Margarita, CA | $97,867 | $859,343 |
Rolf Benirschke Legacy Foundation Del Mar, CA | $187,675 | $680,405 |
Canby Kiwanis Foundation Inc Canby, OR | $373,549 | $530,086 |
The Out Foundation Portland, OR | $465,988 | $770,300 |
Terrewode Womens Fund Eugene, OR | $391,323 | $746,254 |
Friends Of Imagine1day Inc Los Angeles, CA | $147,814 | $308,589 |
Coos County Fair Alliance Inc Myrtle Point, OR | $16,381 | $0 |
Veterans First Limited Phoenix, AZ | $559,134 | $185,583 |