Overview
What is The Murdock Fund?
The Murdock Fund is a nonprofit organization that adheres to its charter by distributing its current income to the town of Winchendon. This philanthropic entity is committed to improving the community through various programs and initiatives. As per its charter, it allocates its net earnings to the town of Winchendon, contributing to its overall development and well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating. The Murdock Fund has demonstrated a solid performance in several key areas of accountability and finance, which is reflected in its high scores for independent board composition and management of assets. With a program expense ratio of 81.86%, the organization allocates a significant portion of its funding directly toward its programs, indicating a strong commitment to its mission.
The organization’s board is comprised entirely of independent members, scoring a perfect 10 out of 10 in this category, which reinforces transparency in its governance. Additionally, the Murdock Fund has effectively documented board meeting minutes and maintains a favorable liabilities to assets ratio of 0.00%. These factors contribute positively to the overall assessment of its operational integrity.
However, despite these strengths, the overall rating of 73% and the Two-Star designation suggest there is room for improvement in certain areas. Stakeholders may want to consider these factors when evaluating the effectiveness and impact of the organization in relation to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Murdock Fund legitimate?
The Murdock Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Murdock Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $6,300
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Murdock Fund?
The Murdock Fund, as outlined in its charter, is obligated to disburse its current net income. This distribution is specifically intended for the benefit of the town of Winchendon. In essence, the mission of The Murdock Fund can be understood as a commitment to financially supporting the town of Winchendon, based on the provisions of its charter. Furthermore, the fund also engages in programs aimed at enhancing the community.
Who is the CEO of The Murdock Fund?
Keith Barrows is the Treasurer of The Murdock Fund.
What is the revenue of The Murdock Fund?
The Murdock Fund's revenue in 2022 was $119,605.
Who are the executives of The Murdock Fund and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $1,200
- Related: $0
- Other: $0
- Compensation: $1,200
- Related: $0
- Other: $0
- Compensation: $1,200
- Related: $0
- Other: $0
- Compensation: $1,200
- Related: $0
- Other: $0
Where can I find the form 990 for The Murdock Fund?
The Murdock Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Murdock Fund
The Murdock Fund, as outlined by its charter, is obligated to distribute its current net income. This mission is centered around supporting the town of Winchendon, ensuring that the funds contribute positively to the community. Beyond this financial commitment, The Murdock Fund also engages in programs aimed at benefiting the community at large.
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Impact
October, 2024
The Murdock Fund significantly impacts the town of Winchendon by distributing its current net income directly to the community, as mandated by its charter. This financial support enables a variety of programs aimed at enhancing the quality of life for residents. By focusing on local needs, the Fund plays a vital role in fostering community development, supporting essential services, and promoting initiatives that benefit individuals and families in Winchendon. Through its dedicated financial contributions, The Murdock Fund strengthens the fabric of the community, making it a better place to live and work.
This information is meant to be a general summary of The Murdock Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $119,605
- Gross Receipts: $2,085,505
Assets and Liabilities:
- Total Assets: $3,870,511
- Total Liabilities: $0
- Net Assets: $3,870,511
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Organization Details
Founding Year
1982
Phone
(774) 849-5630Principal Officer
Keith Barrows
Main Address
PO BOX 61, WICHENDON, MA, 01475
NTEE Category
Code: T30 - Philanthropy
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