Overview
What is Tulane Murphy Foundation Inc?
Tulane Murphy Foundation Inc is a charitable organization based in New Orleans, Louisiana, with an address at 1030 Audubon Street, ZIP code 70118. Their primary focus is to support the educational mission of Tulane University through grant allocations. By funding educational initiatives, the foundation contributes to the ongoing success and growth of the university.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - Two-Star out of Four Stars
The Tulane Murphy Foundation Inc has received a rating of two stars from Charity Navigator, indicating a need for improvement in its accountability and finance practices. While it achieved a respectable overall score of 67%, there are significant areas of concern, particularly in the availability of financial statements and transparency regarding its policies and practices.
Strengths of the organization include a high program expense ratio of 100%, suggesting that all funds are directed toward its charitable activities. Additionally, the foundation has a majority of independent board members and maintains proper documentation for board meeting minutes. However, the lack of essential policies such as conflict of interest and whistleblower protections, as well as missing financial documentation on its website, raises questions about its governance and operational transparency.
Overall, while the Tulane Murphy Foundation Inc demonstrates a commitment to its mission through effective program spending, its governance structure and financial disclosure practices require significant attention and improvement to enhance trust and accountability within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Tulane Murphy Foundation Inc legitimate?
Tulane Murphy Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tulane Murphy Foundation Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Tulane Murphy Foundation Inc?
The Tulane Murphy Foundation Inc is dedicated to advancing the educational mission of Tulane University. Through grant funding, the foundation plays a crucial role in supporting the academic endeavors of the institution. The foundation's mission is focused on enhancing Tulane University's educational pursuits. By providing financial assistance, the foundation enables the university to continue its commitment to academic excellence and research. Additionally, the foundation may contribute to various educational initiatives and programs, contributing to the institution's overall growth and development.
Who is the CEO of Tulane Murphy Foundation Inc?
Martha Murphy is the Principal Officer of Tulane Murphy Foundation Inc.
What is the revenue of Tulane Murphy Foundation Inc?
Tulane Murphy Foundation Inc's revenue in 2022 was $21,128,517.
Who are the executives of Tulane Murphy Foundation Inc and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $795,000
- Other: $53,000
- Compensation: $0
- Related: $553,000
- Other: $82,000
- Compensation: $0
- Related: $161,000
- Other: $28,000
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Tulane Murphy Foundation Inc?
Tulane Murphy Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tulane Murphy Foundation Inc
The Tulane Murphy Foundation Inc is a dedicated organization that is committed to advancing the educational mission of Tulane University. With a focus on supporting education, the Foundation plays a vital role in providing grants to this esteemed institution.
In simple terms, the Tulane Murphy Foundation Inc serves as a benefactor to Tulane University, ensuring the continued success of its educational pursuits. By granting funds to the university, the Foundation is making a significant investment in the future of education and the students who will benefit from it.
The Foundation's unwavering commitment to Tulane University's educational mission is evident in its mission statement: "To support the educational mission of Tulane University." This statement underscores the importance of education and the Foundation's role as a key partner in furthering this cause.
The Tulane Murphy Foundation Inc's efforts extend beyond just financial support, as it is deeply involved in fostering a thriving academic community. Its grants provide essential resources that enable Tulane University to maintain its high standards of teaching, research, and innovation.
In conclusion, the Tulane Murphy Foundation Inc is an essential player in the education sector. By supporting Tulane University's educational mission, the Foundation is making a tangible impact on the lives of students and the wider academic community. Its unwavering dedication to education ensures a brighter future for all involved.
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Impact
October, 2024
Tulane Murphy Foundation Inc significantly impacts the educational landscape of Tulane University by providing essential funding and resources. Its primary focus is to support educational initiatives that enhance the learning environment, ensuring that students receive a high-quality education. Through grants directed towards various programs and projects within the university, the foundation helps foster academic excellence and innovation. This support not only enriches the curriculum but also aids in developing future leaders and professionals, ultimately contributing to the broader community in New Orleans and beyond.
This information is meant to be a general summary of Tulane Murphy Foundation Inc. 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: $21,128,517
- Gross Receipts: $24,769,673
Assets and Liabilities:
- Total Assets: $115,991,359
- Total Liabilities: $0
- Net Assets: $115,991,359
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Organization Details
Founding Year
1971
Phone
(504) 865-5371Principal Officer
Martha Murphy
Main Address
1030 Audubon Street, New Orleans, LA, 70118
NTEE Category
Code: B43I - Education
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