Hendrix-Murphy Foundation Inc
- Assets
- $40.2m
- Revenue
- $1.6m
- Investments
- $40.2m
- Employees
- 0
- Location
- Conway, AR
- Founding
- 10/1980
- Data as of
- 05/2023
- EIN
- 71-0534984
Organization Overview
Hendrix-Murphy Foundation Inc is located in Conway, AR. The organization was established in 1980. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hendrix-Murphy Foundation Inc 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 05/2023, Hendrix-Murphy Foundation Inc generated $1.6m 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 (18.7%) each year. All expenses for the organization totaled $1.4m during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
HENDRIX MURPHY PROGRAMS ARE DESIGNED TO ENHANCE AND ENRICH THE STUDY AND TEACHING OF LITERATURE AND LANGUAGE AT HENDRIX COLLEGE. THE PROGRAMS SEEK TO INVIGORATE THE CURRICULUM, ENRICH STUDENT EXPERIENCE, AND ENCOURAGE FACULTY DEVELOPMENT. THEY ACCOMPLISH THESE GOALS BY, AMONG OTHER THINGS, BRINGING TO HENDRIX EMINENT ARTISTS, SCHOLARS, POETS, TRANSLATORS, LITERARY CRITICS, AUTHORS, AND THEATRE DIRECTORS. THESE DISTINGUISHED VISITORS TEACH CLASSES, PRESENT LECTURES, SERVE AS WRITERS-IN=RESIDENCE, GIVE READINGS, DIRECT PLAYS, AND CONTRIBUTE TO THE LIFE OF THE COLLEGE IN MANY OTHER WAYS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HENDRIX-MURPHY FOUNDATION PROVIDES A VARIETY OF PROGRAMMING TO ENHANCE AND ENRICH LITERATURE AND LANGUAGE THROUGHOUT THE COLLEGE. ITS DISTINGUISHED VISITORS PROGRAM BRINGS TO CAMPUS EMINENT WRITERS AND SCHOLARS WHO INTERACT CLOSELY WITH STUDENTS, VISIT CLASSES, ADVISE PROJECTS, AND GIVE PUBLIC LECTURES. THE FOUNDATION ALSO SPONSORS THE CREATIVE WRITING PROGRAM, THE WRITING CENTER, LITERARY RESEARCH TRIPS, LANGUAGE ENRICHMENT ACTIVITIES, SUMMER LANGUAGE IMMERSION PROGRAMS, STUDY ABROAD IN LITERATURE AND LANGUAGE, AND EXPERIENCES IN DRAMATURGY, PLAYWRITING, AND THE STUDY OF DRAMATIC LITERATURE. ALL STUDENTS AND FACULTY MAY APPLY FOR SUPPORT OF INDIVIDUALLY DESIGNED PROJECTS INVOLVING STUDY, RESEARCH, PRACTICE, AND SERVICE IN LITERATURE AND LANGUAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anna Murphy Board Member | Trustee | 0.5 | $0 |
Martha Murphy Board Member | Trustee | 0.5 | $0 |
Henry Neely Board Member | Trustee | 0.5 | $0 |
Kenneth Gunderman Board Member | Trustee | 0.5 | $0 |
Ellis Arnold Chairman | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $1,553,767 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,553,992 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,420,422 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,420,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $40,239,943 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $40,239,943 |
| Accounts payable and accrued expenses | $310,333 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $310,333 |
| Net assets without donor restrictions | $39,929,610 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $40,239,943 |