Murdock Fund Trustees FY2022 filing

Tax-deductible

Winchendon, MA501(c)(3)Since 1982Foundations & GrantmakersEIN 04-6029917Revenue $120K in FY2022

On file with the IRSPo Box 61, 01475-0061 · Winchendon, MATax-exempt since Nov 1934Publicly supported — 509(a)(2)

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The Fund is required, by terms of its charter, to distribute its current net income to the town of winchendon

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$6K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $611 a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$6K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
20 mo
of spending, in cash
Looks good: 19.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$120K
-64% vs prior year
Spent
$217K
To programs
81%
Net assets
$3.9M
By yearFY2021–FY2025
Revenue
$120K
FY2022▼ -64%
Tap a bar for its year
Revenue by fiscal year
FY2021$330K
FY2022$120K
FY2023$146K
FY2024$176K
FY2025$301K
Expenses
$217K
FY2022▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2021$214K
FY2022$217K
FY2023$212K
FY2024$212K
FY2025$221K
Net assets
$3.9M
FY2022▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2021$4.0M
FY2022$3.9M
FY2023$3.8M
FY2024$3.8M
FY2025$3.8M

From the FY2022 Form 990 (year ending June 2022) · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1934.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $175K Management & general 19% · $41K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990; $6K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Treasurer
$1,500Pt VII · Sec A
$1,200Pt VII · Sec A
$1,200Pt VII · Sec A
$1,200Pt VII · Sec A
$1,200Pt VII · Sec A

Keith Barrows’s $2K as Treasurer is at the 2nd percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Thomas J Connor JR$1,200—$2,400——
Keith Barrows$1,500$1,500$1,500$1,500$1,200
F Richard Ladeau———$1,200$1,500
Chris Casavant$1,200$1,200$1,200$1,200$1,200
Richard J Ladeau$1,200$1,200$1,200$1,200$1,200
Glenn a Hunt$1,200$1,200$1,200$1,200$1,200

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Distributes current net income to the Town of Winchendon.

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Provided by the organization

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1 program · in their own filed words · FY2021
01

Town of winchendon, ma

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $881K · 2020–2024
Town of Winchendon MaFY2024$180,000
Town of Winchendon MaFY2023$175,000
Town of Winchendon MaFY2022$175,000
Town of Winchendon MaFY2021$175,275
Town of Winchendon MaFY2020$175,700

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$120K
Ln 12
Investment incomeLn 3$120K
Money outPt IX
$217K
Ln 25
Programscol B$175K
Managementcol C$41K
Owns and owesPt X
$3.9M
net assets · Ln 32
Cash and savingsLn 1–2$357K
Total assetsLn 16$3.9M
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A5
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$120K
Gains on assetsLn 7$28K
Total revenueLn 12$120K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$357K
Cash and savings togetherLn 1–2$357K
InvestmentsLn 11–13$3.5M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$3.9M
LiabilitiesLn 26$0
Net assetsLn 32$3.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$256K$357K
InvestmentsLn 11–13$3.7M$3.5M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$4.0M$3.9M
LiabilitiesLn 26$0$0
Net assetsLn 32$4.0M$3.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$175K$175K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$6K$6K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$1K$1K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$33K$33K
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$433$528
Total functional expensesLn 25$217K$175K$41K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $301K$221K$81K$3.8M 990 PDF
FY2024 $176K$212K−$36K$3.8M 990 PDF
FY2023 $146K$212K−$67K$3.8M 990 PDF
FY2022 Viewing $120K$217K−$97K$3.9M 990 PDF
FY2021 $330K$214K$116K$4.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $119,605 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $329,531$119,605
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $329,531$119,605
I-13 Grants and similar amounts paidPrior year $175,700$175,275
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $6,300$6,300
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $31,642$34,945
I-18 Total expensesPrior year $213,642$216,520
I-19 Revenue less expensesPrior year $115,889−$96,915
Part VI · Governance 5 of 5 board members independent, 5 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $119,605 across 7 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeExcluded from tax $91,887$91,887
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $27,718$27,718
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $119,605$119,605
Part IX · Statement of functional expenses $216,520 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $175,275$175,275
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $6,300$6,300
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $1,275$1,275
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management feesManagement $33,142$33,142
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Management $528$433
IX-25 Total functional expensesPrograms $175,275 · Management $41,245 · Fundraising $0$216,520
Part X · Balance sheet $3,870,511 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $255,701$357,451
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $3,711,724$3,513,060
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $3,967,425$3,870,511
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $3,967,425$3,870,511
X-33 Total liabilities and net assetsStart of year $3,967,425$3,870,511
Part XI · Reconciliation of net assets $3,870,511 net assets at year end
XI-1 Total revenue$119,605
XI-2 Total expenses$216,520
XI-3 Revenue less expenses−$96,915
XI-4 Net assets at start of year$3,967,425
XI-9 Other changes in net assets$1
XI-10 Net assets at end of year$3,870,511

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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