2019-07-12T13:13:09-05:00 2018-08-31 362938874 OSTROW REISIN BERK & ABRAMS LTD 455 N CITYFRONT PLAZA DR SUITE 1500 CHICAGO IL 60611 990 2017-09-01 363675466 DANIEL MURPHY SCHOLARSHIP FUND DANI 3124557800 309 W WASHINGTON SUITE 700 CHICAGO IL 60606 JOSE RODRIGUEZ EXECUTIVE DIRECTOR 3124557800 2019-06-10 1 JAMES G QUAID P00641738 3126707444 2019-06-10 99.179.3.118 2019-06-10 07:20:22 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 62071EF7CBA15931A8125C56E0489CC4412CFD5D 2017 2019-02-21 02:37:17Z JOSE RODRIGUEZ 309 W WASHINGTON SUITE 700 CHICAGO IL 60606 5623983 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 26 275 0 4560 3723038 3164147 0 0 175902 558361 -304578 -419186 3594362 3303322 1742151 1685476 0 0 1149129 1122864 0 0 613894 953236 1090929 3844516 3899269 -250154 -595947 11690164 11723684 1903068 1890935 9787096 9832749 X SEE PART I LINE 1. 0 0 2217704 1685476 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 2017/2018 AND 2016/2017 SCHOOL YEARS, THE FUND SERVED 442 AND 404 SCHOLARS, RESPECTIVELY. 276701 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. 141152 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. 128731 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 100354 BRIDGE TO EXCELLENCE - THE FUND WORKS WITH LEAP! LEARNING SYSTEMS AND EDUCATIONAL ENDEAVORS TO PROVIDE TWO WEEKS OF MANDATORY CLASSES FOR ALL INCOMING FRESHMAN SCHOLARS, FOCUSING ON LANGUAGE SKILLS, TIME MANAGEMENT, STUDY SKILLS AND CRITICAL THINKING. 79878 TUTORING - THE FUND HELPS FIND AND FUND TUTORS FOR SCHOLARS WHOSE GPAS FALL BELOW 3.0 OR WHO SEEK ADDITIONAL HELP. THE FUND ALSO OPERATES AN ON-SITE TUTORING CENTER TWO AFTERNOONS A WEEK DURING THE SCHOOL YEAR. 308963 2944520 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 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 18 0 26 1 1 1 0 0 0 0 1 1 0 0 0 0 X 16 16 1 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 SUITE 700 CHICAGO IL 60606 X 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 JORGE ALONSO BOARD MEMBER 5.00 X 0 0 0 MARIANNE BORIE BOARD MEMBER 5.00 X 0 0 0 MARY JO DEMAIO BOARD MEMBER 5.00 X 0 0 0 JUSTIN FOLEY BOARD MEMBER 5.00 X 0 0 0 CHARLES GATELY 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 CHRISTOPHER KLINGENSTEIN BOARD MEMBER 5.00 X 0 0 0 ROCKY LOPEZ BOARD MEMBER 5.00 X 0 0 0 WENDY MANNING BOARD MEMBER 5.00 X 0 0 0 JOHN ORMSBY BOARD MEMBER 5.00 X 0 0 0 GREGORY ZEEMAN BOARD MEMBER 5.00 X 0 0 0 JOSE RODRIGUEZ EXECUTIVE DIRECTOR 40.00 X 0 0 0 ANDREW DAVID EXECUTIVE DIRECTOR - TERM 40.00 X 161184 0 0 161184 0 0 1 0 1 0 0 1561121 1603026 164770 3164147 162131 162131 2045665 1638435 11000 407230 -11000 396230 396230 252040 1561121 671226 -419186 -419186 3303322 0 0 139175 1685476 1685476 167346 41837 41837 83672 805834 509393 2264 294177 17018 9664 755 6599 62925 37156 1872 23897 69741 39605 3094 27042 41313 41313 56417 56417 253802 59696 95999 98107 38360 28770 4795 4795 144866 126757 3622 14487 14275 12451 673 1151 27670 17496 8711 1463 13406 7614 594 5198 19787 15829 2969 989 TUTORING 113092 113092 CADDIE PROG-ROOM/BOARD 104518 104518 ACTIVITIES 51022 51022 PROV FOR DOUBTFUL ACCTS 51000 51000 161401 84144 24940 52317 3899269 2944520 340855 613894 12957 12964 1138705 1351984 2469314 1743808 34866 66453 33143 22728 103005 16724 35858 86281 7925183 8423283 40138 16183 11690164 11723684 90461 133704 1748100 1694881 41975 28150 22532 34200 1903068 1890935 X 5660434 5841078 4126662 3991671 9787096 9832749 11690164 11723684 -595947 641600 0 X 0 1 X 1 0 X 2653699 4825764 5048263 3723038 3164147 19414911 2653699 4825764 5048263 3723038 3164147 19414911 1785560 17629351 207137 154556 142455 140411 162131 806690 20221601 0.87180 0.87000 X 7470694 22000 1201342 365000 55785 8273251 6975799 7000 837365 298265 51205 7470694 6860970 12000 386421 237848 45744 6975799 6732373 343000 427828 94094 47137 6860970 6194662 40500 851536 305291 49034 6732373 0.72830 0.27170 0 0 70276 4634 65642 1942 194 1748 30787 11896 18891 86281 DEFERRED RENT 34200 34200 X 3888505 641600 641600 3246905 56417 56417 3303322 3842852 0 3842852 56417 56417 3899269 PART V, LINE 4: THE DANIEL MURPHY SCHOLARSHIP FUND MAINTAINS THREE ENDOWMENT FUNDS. THE FIRST ENDOWMENT FUND IS EXECUTIVE COMMITTEE DESIGNATED. 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 TWO DONOR RESTRICTED ENDOWMENTS THAT ARE A TERM ENDOWMENTS. 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, 2018 AND 2017. GOLF OUTING 1552156 1352556 199600 572384 IGNITE POTENTIAL 143646 116046 27600 48212 2 117359 92519 24840 50630 1813161 1561121 252040 671226 671226 -419186 1 SCHOLARSHIPS AND TRAVEL BENEFITS - SCHOLARS 442 1685476 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 X X 0 0 0 0 0 0 0 0 0 ANDREW DAVID EXECUTIVE DIRECTOR - TERM 161184 0 0 0 0 0 0 0 0 0 161184 0 0 0 X 23 157520 FMV X TICKETS 3 7250 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 A, LINE 2 NANCY VAN GRINSVEN, BOARD SECRETARY, IS MARRIED TO MARK VAN GRINSVEN, WHO IS ON THE ADVISORY BOARD. 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. FORM 990 PART VII SECTION A THE FOLLOWING MEMBERS SERVE ON THE DANIEL MURPHY SCHOLARSHIP FUND'S ADVISORY BOARD: ALLEN A. WEAVER ANDREW WEAVER BETSY S. MURPHY BRAD M. SCHOTANUS CATHERINE H. GOTTFRED CHRISTOPHER CARLSON CHRISTOPHER G. BOEHM CHRISTOPHER J. MCCOMISH DANA BUTLER DOUGLAS BROWN ELLEN HOOVER GREGORY S. SHEARSON HANK BERNBAUM JAMES R. EPSTEIN JAMES S. KAPLAN JAMES WOLDENBERG JASON KANG JEREMY SCHLEE MANNY TABACHNIK MARK BURGETT MARK J. VAN GRINSVEN MARY O'LEARY MEGHANN SANDAK MICHAEL KING MICHAEL P. EARLEY MOLLY CARROLL OLIVIA CARBERRY PETER K. BILLMEYER PETER MULVEY PETER SKOGLUND REBECCA BALYASNY ROBERT L. BROWN ROBERT M. THOMAS RONALD KELNER RUTH MENDEZ SCOTT RUBENSTEIN TERI BROWN TRACY CLARK VIOLET CLARK WHEELER COLEMAN WILLIAM A. ROGERS WILLIAM J. TORRES JOSE RODRIGUEZ WAS HIRED IN FEBRUARY 2018 AND THEREFORE HAS NO CALENDAR YEAR 2017 COMPENSATION.