Nonprofit · EIN 42-1477942
DAVID & PHYLLIS MURPHY CHARITABLE FOUNDATION
Also known as MURPHY DAVID & PHYLLIS TTEES
Tax-exempt · MASON CITY, IA 50401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-PF | $904,345 | $605,606 | $298,739 | $10,145,601 | $0 | $10,145,601 |
| June 30, 2024 | 990-PF | $418,844 | $567,309 | -$148,465 | $9,846,862 | $0 | $9,846,862 |
Financial details: 990-PF for the year ended June 30, 2025
Revenue
- Dividends
- $332,814
- Interest
- $5,466
- Net gain from sales of assets
- $566,065
Expenses
- Grants and similar amounts paid
- $519,000
- Disbursements for charitable purposes
- $525,400
- Excise tax on investment income
- $11,615
Balance sheet and other
- Total assets, start of year
- $9,846,862
- Total assets, end of year
- $10,145,601
- Total liabilities, end of year
- $0
- Net assets, end of year
- $10,145,601
- Fair market value of assets
- $12,215,614
- Qualifying distributions
- $525,400
- Net investment income
- $904,345
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN F WELCH 922 12TH ST NE, MASON CITY, IA 50401 | PRESIDENT/CH | 0.04 | $0 |
| BECKY ELSBERND 19050 THRUSH AVE, MASON CITY, IA 50401 | VICE-PRESIDE | 0.04 | $0 |
| KRISTIN SALMON 200 LAKEVIEW DRIVE, MASON CITY, IA 50401 | VICE-PRESIDE | 0.04 | $0 |
| KRISTEN N OLLENBURG 103 EAST STATE ST SUITE 800, MASON CITY, IA 50401 | SECRETARY/TR | 0.04 | $0 |
990-PF for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN F WELCH 922 12TH ST NE, MASON CITY, IA 50401 | PRESIDENT/CHAIR | 0.04 | $0 |
| BECKY ELSBERND 19050 THRUSH AVE, MASON CITY, IA 50401 | VICE-PRESIDENT | 0.04 | $0 |
| KRISTIN SALMON 200 LAKEVIEW DRIVE, MASON CITY, IA 50401 | VICE-PRESIDENT | 0.04 | $0 |
| KRISTEN N OLLENBURG 103 EAST STATE ST SUITE 800, MASON CITY, IA 50401 | SECRETARY/TREASURER | 0.04 | $0 |
Address and contacts
- Address (IRS master file)
- 103 E STATE ST STE 800, MASON CITY, IA 50401-3334
- Signed the 990-PF
- KRISTEN N OLLENBURG, SECRETARY/TREASURER
- Phone
- (641) 423-4264
- Return prepared by
- HOGAN - HANSEN PC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-PF on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-PF on file |
IRS record
- EIN
- 42-1477942
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1998
- Accounting year ends
- June
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20Z)
- Assets (IRS master file)
- $10,145,601
- Income (IRS master file)
- $2,050,559
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2025 | $904,345 | $605,606 | $10,145,601 | XML |
| 990-PF | June 2024 | $418,844 | $567,309 | $9,846,862 | XML |
| 990-PF | June 2023 | – | – | – | IRS |
| 990-PF | June 2022 | – | – | – | IRS |
| 990-PF | June 2021 | – | – | – | IRS |
| 990-PF | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-1477942).
Questions about DAVID & PHYLLIS MURPHY CHARITABLE FOUNDATION
- What is the EIN of DAVID & PHYLLIS MURPHY CHARITABLE FOUNDATION?
- The employer identification number (EIN) of DAVID & PHYLLIS MURPHY CHARITABLE FOUNDATION is 42-1477942.
- Is DAVID & PHYLLIS MURPHY CHARITABLE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to DAVID & PHYLLIS MURPHY CHARITABLE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does DAVID & PHYLLIS MURPHY CHARITABLE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of DAVID & PHYLLIS MURPHY CHARITABLE FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DAVID & PHYLLIS MURPHY CHARITABLE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2025.
- Who are the officers and directors of DAVID & PHYLLIS MURPHY CHARITABLE FOUNDATION?
- The 990-PF for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does DAVID & PHYLLIS MURPHY CHARITABLE FOUNDATION have?
- On its 990-PF for the year ended June 30, 2025 it reported revenue of $904,345, expenses of $605,606 and total assets of $10,145,601 at year end.
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