Murphy's Backpacks Inc is a private foundation focused on Education, based in CHICAGO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $473K in total assets. In 2024, it awarded 3 grants totaling $61K. Net investment income was $16K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$473K
-1.2% YoY
Annual Giving
$61K
+6.8% YoY
Grant Count
3
-25.0% YoY
Avg Grant Size
$20K
+42.4% YoY
Under IRS private-foundation payout rules, Murphy's Backpacks Inc reported a distributable amount of $24K for 2024 — the minimum it must pay out in qualifying distributions.
About Murphy's Backpacks Inc
Based on IRS filings
Murphy's Backpacks Inc is a private foundation focused on Education, based in CHICAGO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $473K in total assets. In 2024, it awarded 3 grants totaling $61K. Net investment income was $16K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $472,583 | $478,549 | $502,069 |
| Revenue | $59,760 | $38,452 | $336,808 |
| Expenses | $65,726 | $61,972 | $55,734 |
| Qualifying Distributions | $63,362 | $58,721 | $52,377 |
| Net Investment Income | $15,761 | $5,015 | — |
| Distributable Amount | $23,818 | $24,086 | $13,803 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
16 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Shadowlawn Elementary School - Miami-dade County School System ($21,071), Palmetto Elementary School - Collier County School System ($20,350), Joseph Lovett Elementary School - Chicago Public Schools ($19,802).
| Recipient | Purpose | Amount |
|---|---|---|
| JOSEPH LOVETT ELEMENTARY SCHOOL - CHICAGO PUBLIC SCHOOLS CHICAGO, IL | GENERAL PURPOSES | $19,802 |
| PALMETTO ELEMENTARY SCHOOL - COLLIER COUNTY SCHOOL SYSTEM NAPLES, FL | GENERAL PURPOSES | $20,350 |
| SHADOWLAWN ELEMENTARY SCHOOL - MIAMI-DADE COUNTY SCHOOL SYSTEM MIAMI, FL | GENERAL PURPOSES | $21,071 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JEAN E SHERIDAN | PRESIDENT AND DIRECTOR | 0.25 | — |
| ANDREW S COBB | DIRECTOR | — | — |
| JOHN F COBB | SECRETARY AND DIRECTOR | — | — |
| EMILY LINK | VP; TREAS; AND DIRECTOR | 0.25 | — |
| ABIGAIL SHERIDAN | DIRECTOR | — | — |
| CRISTINA PERSICO | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Murphy's Backpacks Inc?
Murphy's Backpacks Inc is a private foundation focused on Education, based in CHICAGO, IL. It holds $473K in total assets as of 2024.
How large is Murphy's Backpacks Inc?
As of 2024, Murphy's Backpacks Inc holds $473K in total assets with $60K in annual revenue. It awarded 3 grants totaling $61K in 2024.
Where does Murphy's Backpacks Inc operate?
Murphy's Backpacks Inc has awarded grants in Arizona, Florida, Illinois.
What size grants does Murphy's Backpacks Inc award?
In 2024, Murphy's Backpacks Inc awarded 3 grants totaling $61K — an average of about $20K per grant, based on its IRS Form 990 filings.
How much is Murphy's Backpacks Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Murphy's Backpacks Inc reported a distributable amount of $24K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Murphy's Backpacks Inc's EIN?
Murphy's Backpacks Inc's EIN (Employer Identification Number) is 82-3616959. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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