The Karen Murrell Foundation
- Assets
- $1.5m
- Revenue
- $30.2k
- Investments
- $1.4m
- Employees
- 0
- Location
- Hamilton, OH
- Founding
- 02/2019
- Data as of
- 12/2022
- EIN
- 82-5191390
Organization Overview
The Karen Murrell Foundation is located in Hamilton, OH. The organization was established in 2019. 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. Karen Murrell 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 12/2022, Karen Murrell Foundation generated $30.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $97.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Karen Murrell Foundation has awarded 47 individual grants totaling $220,905. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Murrell President | 0 | $0 | |
Katelyn Teeters Board Member | 0 | $0 | |
Serena Mckinney Board Member | 0 | $0 | |
Eric Murrell Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $30,231 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $740 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $30,231 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $464 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $9,269 |
| Contributions, gifts, grants paid | $88,145 |
| Total expenses and disbursements | $97,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $26,995 |
| 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 | $28,601 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,460,588 |
| 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, The Karen Murrell Foundation has awarded $88,145 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ROGER BACON PURPOSE: SCHOLARSHIP FUND | $10,000 |
ANIMAL ADOPTION FOUNDATION PURPOSE: OPERATIONS | $2,000 |
HOSPICE OF CINCINNATI PURPOSE: OPERATIONS | $1,000 |
FRIENDS OF PARKS PURPOSE: OPERATIONS | $1,000 |
CARING CLOSET PURPOSE: OPERATIONS | $5,000 |
BOYS AND GIRLS CLUB PURPOSE: OPERATIONS | $5,000 |