2020-07-15T15:35:58-05:00 2019-08-31 362938874 OSTROW REISIN BERK & ABRAMS LTD 455 N CITYFRONT PLAZA DR SUITE 1500 CHICAGO IL 60611 990 2018-09-01 363675466 DANIEL MURPHY SCHOLARSHIP FUND DANI 3124557800 309 W WASHINGTON NO 700 CHICAGO IL 60606 JOSE RODRIGUEZ EXECUTIVE DIRECTOR 3124557800 2020-07-15 1 JAMES G QUAID P00641738 3126707444 2020-07-15 24.12.222.102 2020-07-15 13:40:19 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 763C23A0909708F6BE861427DA0169CC3408F364 2018 2021-01-29 14:40:06Z JOSE RODRIGUEZ 309 W WASHINGTON NO 700 CHICAGO IL 60606 5427742 0 X WWW.DMSF.ORG X 1989 IL THE MISSION OF THE DANIEL MURPHY SCHOLARSHIP FUND IS TO GIVE HIGH SCHOOL SCHOLARSHIP ASSISTANCE AND EDUCATIONAL SUPPORT TO CHICAGO STUDENTS FROM ECONOMICALLY DISADVANTAGED BACKGROUNDS. THE FUND SEEKS TO MAKE A LIFE-ALTERING DIFFERENCE IN THE LIVES OF ITS SCHOLARS BY PROVIDING THEM WITH THE BEST OPPORTUNITY TO SUCCEED IN HIGH SCHOOL AND COLLEGE. 16 16 27 300 0 0 3164147 3239247 0 0 558361 628599 -419186 -360665 3303322 3507181 1685476 1602646 0 0 1122864 1216671 0 0 740843 1090929 1217701 3899269 4037018 -595947 -529837 11723684 11122959 1890935 2367165 9832749 8755794 X SEE PART I LINE 1. 0 0 2335403 1602646 FINANCIAL ASSISTANCE - THE FUND PROVIDES SCHOLARSHIPS AND OTHER FINANCIAL SUPPORT TO ECONOMICALLY DISADVANTAGED CHICAGO AREA STUDENTS ALLOWING THEM TO ATTEND LEADING PRIVATE AND PAROCHIAL HIGH SCHOOLS IN THE CHICAGO AREA AND TOP BOARDING SCHOOLS ACROSS THE COUNTRY. DURING THE 2018/2019 AND 2017/2018 SCHOOL YEARS, THE FUND SERVED 448 AND 442 SCHOLARS, RESPECTIVELY. 243165 SUMMER OPPORTUNITIES, INCLUDING THE CADDIE PROGRAM - THE OBJECTIVE OF THE SUMMER OPPORTUNITIES PROGRAM IS TO PRESENT SCHOLARS WITH SUMMER JOB OPPORTUNITIES, INTERNSHIPS, CULTURAL AND STUDY ABROAD PROGRAMS, SPORTS PROGRAMS AND COMMUNITY SERVICE PROGRAMS. AS PART OF THE SUMMER OPPORTUNTIES PROGRAM, THE FUND PROVIDES SUMMER GOLF CADDIE EMPLOYMENT OPPORTUNITIES FOR SCHOLARS. SCHOLARS LIVE IN COLLEGE DORMS AND CADDIE AT NEARBY COUNTRY CLUBS, EARNING INCOME, GAINING WORK EXPERIENCE AND DEVELOPING LIFE SKILLS. 128766 COLLEGE COUNSELING - THE FUND WORKS WITH SCHOLARS THROUGHOUT THEIR FOUR YEARS IN HIGH SCHOOL AND MOST INTENSIVELY IN THEIR JUNIOR AND SENIOR YEARS, ASSISTING THE SCHOLARS AS THEY SEARCH FOR AN APPROPRIATE COLLEGE AND FOR FUNDING TO HELP PAY FOR THAT COLLEGE. 140257 MENTORING - SCHOLARS WHO WISH TO PARTICIPATE ARE MATCHED WITH AN ADULT MENTOR FOR THEIR FOUR YEARS IN HIGH SCHOOL. THE FUND ALSO OPERATES AN AFFINITY PROGRAM, IN WHICH TEN TO FIFTEEN STUDENTS MEET EVERY OTHER WEEK WITH AN ADULT FACILITATOR TO DISCUSS ISSUES COMMON TO MANY OF THE SCHOLARS 140257 2847591 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 22 0 27 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X X JOSE RODRIGUEZ 3124557800 309 W WASHINGTON NO 700 CHICAGO IL 60606 NANCY VAN GRINSVEN CHAIR 5.00 X X 0 0 0 KEVIN CONWAY VICE CHAIR 5.00 X X 0 0 0 MARK FERGUSON SECRETARY 5.00 X X 0 0 0 MICHAEL MILLHOUSE TREASURER 5.00 X X 0 0 0 MARY JO DEMAIO BOARD MEMBER 5.00 X 0 0 0 WENDY MANNING BOARD MEMBER 5.00 X 0 0 0 CHRIS KLINGENSTEIN BOARD MEMBER 5.00 X 0 0 0 GREGORY ZEEMAN BOARD MEMBER 5.00 X 0 0 0 GEORGE ALONSO BOARD MEMBER 5.00 X 0 0 0 JUSTIN FOLEY BOARD MEMBER 5.00 X 0 0 0 ROCKY LOPEZ BOARD MEMBER 5.00 X 0 0 0 MAR BORIE BOARD MEMBER 5.00 X 0 0 0 JOHN ORMSBY BOARD MEMBER 5.00 X 0 0 0 TONY GOODMAN BOARD MEMBER 5.00 X 0 0 0 PATRICK KEMPTON BOARD MEMBER 5.00 X 0 0 0 CHUCK GATELY BOARD MEMBER 5.00 X 0 0 0 JOSE RODRIGUEZ EXECUTIVE DIRECTOR 40.00 X 137269 0 4998 137269 0 4998 1 0 0 0 EDUCATIONAL ENDEAVORS LLC 1467 N ELSTON AVE 200 CHICAGO IL 60642 122169 1 1999817 1239430 156168 3239247 241723 241723 1736677 1349801 386876 386876 386876 210095 1999817 570760 -360665 -360665 3507181 0 0 267934 1602646 1602646 168899 42225 42225 84449 891675 405060 129915 356700 72097 30848 11475 29774 84000 35458 13618 34924 48404 48404 56590 56590 204450 118638 46264 39548 202507 29589 36725 136193 196791 139272 16136 41383 122023 117567 3067 1389 96474 74515 18608 3351 12917 5453 2094 5370 18670 7881 3027 7762 CADDIE PROG-ROOM/BOARD 152481 152481 TUTORING 69821 69821 PROV FOR DOUBTFUL ACCTS 20436 20436 STUDENT ASSISTANCE 16137 16137 4037018 2847591 448584 740843 12964 12970 1351984 1765449 1743808 925651 66453 78048 22728 220069 104832 29641 86281 75191 8423283 8030210 16183 15371 11723684 11122959 133704 125800 1694881 1742550 28150 398651 34200 100164 1890935 2367165 X 5841078 5566173 3991671 3189621 9832749 8755794 11723684 11122959 -529837 -547118 0 X 0 1 X 1 0 X 4825764 5048263 3723038 3164147 3239247 20000459 4825764 5048263 3723038 3164147 3239247 20000459 1927360 18073099 154556 142455 140411 162131 241723 841276 20841735 0.86720 0.87180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8273251 61927 350000 56597 7928581 7470694 22000 1201342 365000 55785 8273251 6975799 7000 837365 298265 51205 7470694 6860970 12000 386421 237848 45744 6975799 6732373 343000 427828 94094 47137 6860970 0 0 70276 13901 56375 3769 765 3004 30787 14975 15812 75191 DEFERRED RENT 100164 100164 X 2976087 -547118 72614 -474504 3450591 56590 56590 3507181 4053042 72614 72614 3980428 56590 56590 4037018 PART V, LINE 4: THE DANIEL MURPHY SCHOLARSHIP FUND MAINTAINS TWO INDIVIDUAL FUNDS ESTABLISHED TO SUPPORT OPERATIONS AND PROGRAMS. THE FUND'S ENDOWMENT FUNDS INCLUDE A FUND DESIGNATED BY THE EXECUTIVE COMMITTEE TO FUNCTION AS AN ENDOWMENT AND ONE DONOR-RESTRICTED FUND. THESE FUNDS WILL GROW IN PERPETUITY WHILE GENERATING ANNUAL SPENDING ALLOWANCES TO SUPPORT FUND OPERATIONS AND PROGRAMS. THE FUND IS ENTITLED TO EXPEND AN AMOUNT EQUAL TO NO MORE THAN 5% OF THE AVERAGE MARKET VALUE OF THE ENDOWMENT OVER THE EIGHT MOST RECENT FISCAL QUARTERS. THE DANIEL MURPHY SCHOLARSHIP FUND ALSO HAS DONOR RESTRICTED ENDOWMENT. ALL INVESTMENT INCOME, INCLUDING GAINS ON INVESTMENTS, WILL BE REINVESTED IN THE DONOR-RESTRICTED ENDOWMENT. ON AN ANNUAL BASIS, THE FUND CAN EXPEND THESE ENDOWMENTS TO COVER A FIXED NUMBER OF SCHOLARSHIPS. PART X, LINE 2: THE FUND IS GENERALLY EXEMPT FROM FEDERAL INCOME TAX PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS A TAX-EXEMPT ORGANIZATION DESCRIBED IN SECTIONS 501(C)(3), 509(A)(1) AND 170(B)(1)(A)(VI) OF THE CODE. THE FUND HAS ADOPTED THE REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS AND MANAGEMENT HAS DETERMINED THAT THE FUND WAS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS AS OF AUGUST 31, 2019 AND 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 72,614. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 72,614. GOLF OUTING 1865873 1736273 129600 60914 296716 111532 FALL GALA 171550 136175 35375 43623 2 172489 127369 45120 33358 24617 2209912 1999817 210095 60914 296716 33358 179772 570760 -360665 1 SCHOLARSHIPS AND TRAVEL BENEFITS - SCHOLARS 448 1602646 PART I, LINE 2: DANIEL MURPHY SCHOLARSHIP FUND PAYS TUITION DIRECTLY TO SCHOOLS ON BEHALF OF THE SCHOLARS. ALTHOUGH THE GRANTS ARE FOR THE SCHOLARS, THEY DO NOT CONTROL HOW THE MONEY IS SPENT. THE FUND MONITORS THE SCHOLARS' GRADES THROUGHOUT THEIR TENURE AS A DANIEL MURPHY SCHOLAR. X 27 150594 FMV X TICKETS 3 5288 FACE VALUE 0 1 1 PART I, LINE 32B: DANIEL MURPHY SCHOLARSHIP FUND HAS A STOCK BROKER WHO SELLS ALL STOCK DONATIONS UPON RECEIPT. FORM 990, PART VI, SECTION B, LINE 11B AFTER FORM 990 IS PREPARED BY THE FUND'S CPA FIRM, IT IS REVIEWED BY DANIEL MURPHY SCHOLARSHIP FUND'S EXECUTIVE DIRECTOR, BOARD CHAIRMAN, AND TREASURER BEFORE BEING FINALIZED. A COPY IS PROVIDED TO THE FUND'S GOVERNING BODY BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THROUGH THE EFFORTS OF THE EXECUTIVE DIRECTOR, ALL CONFLICTS OF INTEREST ARE BROUGHT TO THE ATTENTION OF THE OFFICERS AND THE EXECUTIVE COMMITTEE AS SOON AS THEY ARISE. FORM 990, PART VI, SECTION B, LINE 15 DANIEL MURPHY SCHOLARSHIP FUND HAS A COMPENSATION COMMITTEE, CHAIRED BY THE BOARD PRESIDENT, THAT SETS ALL EMPLOYEE COMPENSATION. THE EXECUTIVE DIRECTOR MAKES RECOMMENDATIONS REGARDING SALARIES, OTHER THAN HIS OWN, AND PROVIDES COMPARABLE DATA AS AVAILABLE. THE COMMITTEE'S DECISION IS REFLECTED IN EMAILS AND SPREADSHEETS THAT ARE CIRCULATED AMONGST THE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE FUND MAKES ITS DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND PUBLISHES ITS FINANCIAL INFORMATION ON ITS WEBSITE.