2016-03-29T19:11:41-05:00 2015-08-31 362938874 OSTROW REISIN BERK & ABRAMS LTD 455 N CITYFRONT PLAZA DR SUITE 1500 CHICAGO IL 60611 990 2014-09-01 363675466 DANIEL MURPHY SCHOLARSHIP FUND DANI 3124557800 309 W WASHINGTON SUITE 1250 CHICAGO IL 60606 ANDREW B DAVID EXECUTIVE DIRECTOR 3124557800 2016-03-24 1 JAMES G QUAID P00641738 3126707444 2016-03-24 2014 2016-08-17 19:52:53Z ANDREW B DAVID 309 W WASHINGTON SUITE 1250 CHICAGO IL 60606 7091148 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. 14 14 17 500 0 0 2653699 4825764 0 0 939123 178594 -59145 -266115 3533677 4738243 1406462 1523112 0 0 840464 1011627 0 0 563481 577565 855997 2824491 3390736 709186 1347507 8098959 9228019 1563349 1597925 6535610 7630094 X SEE PART I LINE 1. 0 0 1899979 1501149 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 2014 AND 2013, THE FUND SERVED 352 AND 348 SCHOLARS, RESPECTIVELY. 188445 21963 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. 153108 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. 122931 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. 95571 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. 20034 TUTORING- THE FUND HELPS FIND AND FUND TUTORS FOR SCHOLARS WHOSE GPA'S FALL BELOW 3.0 OR WHO SEEK ADDITIONAL HELP. 238536 2480068 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 13 0 17 1 0 0 0 0 0 1 1 0 0 0 0 X 14 14 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X X ANDREW B DAVID 3124557800 309 W WASHINGTON SUITE 1250 CHICAGO IL 60606 X LORETTA COONEY CHAIR 5.00 X X 0 0 0 JUSTIN FOLEY VICE CHAIR 5.00 X X 0 0 0 MICHAEL MILLHOUSE TREASURER 5.00 X X 0 0 0 NANCY VAN GRINSVEN SECRETARY 5.00 X X 0 0 0 JORGE ALONSO BOARD MEMBER 5.00 X 0 0 0 MARTHA O'BRYAN BOARD MEMBER 5.00 X 0 0 0 CHUCK GATELY BOARD MEMBER 5.00 X 0 0 0 MARY O'LEARY BOARD MEMBER 5.00 X 0 0 0 DAVID SHAW BOARD MEMBER 5.00 X 0 0 0 JAMES EPSTEIN BOARD MEMBER 5.00 X 0 0 0 MARY JO DEMAIO BOARD MEMBER 5.00 X 0 0 0 ROCKY LOPEZ BOARD MEMBER 5.00 X 0 0 0 GREG ZEEMAN BOARD MEMBER 5.00 X 0 0 0 MAR ALKEMADE BOARD MEMBER 5.00 X 0 0 0 ANDREW B DAVID EXECUTIVE DIRECTOR 40.00 X 155259 0 0 155259 0 0 1 0 1 0 0 2303101 2522663 311986 4825764 154556 154556 1660751 1636713 24038 24038 24038 450077 2303101 716192 -266115 -266115 4738243 0 0 -87521 1523112 1523112 159007 53017 52995 52995 702048 353663 23702 324683 13519 6385 1205 5929 70981 33525 6322 31134 66072 31206 5885 28981 33750 33750 0 47137 47137 203018 133796 22926 46296 46675 22024 6142 18509 112141 95321 5607 11213 11557 10074 17 1466 24923 8288 6505 10130 1000 473 89 438 22714 18171 3407 1136 PROV FOR DOUBTFUL ACCTS 128000 128000 CADDIE PROG-ROOM/BOARD 78047 78047 SCHOLAR RECRUIT & INTER 24608 24608 TUTORING 15455 15455 106972 72903 3498 30571 3390736 2480068 347187 563481 12938 12944 852305 918335 366200 1334350 20000 76227 89933 2385 18001 13001 6000 5000 6732373 6860970 19210 17808 8098959 9228019 66452 87299 1382165 1478100 81230 0 33502 32526 1563349 1597925 X 4005197 4181241 2530413 3448853 6535610 7630094 8098959 9228019 1347507 -253023 0 X 0 1 X 1 0 X 2798732 2632574 2333208 2653699 4825764 15243977 2798732 2632574 2333208 2653699 4825764 15243977 789921 14454056 87636 115454 182342 207137 154556 747125 25523 25523 16016625 0.90240 0.81790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6732373 343000 427828 94094 47137 6860970 6194662 40500 851536 305291 49034 6732373 5728871 2836 742171 227000 52216 6194662 4359519 1124079 488858 200000 43585 5728871 3586174 351617 521728 100000 4359519 0.69240 0.30760 0 0 18001 13001 5000 5000 DEFERRED RENT 32526 32526 X 4453083 -253023 15000 -238023 4691106 47137 47137 4738243 3358599 15000 15000 3343599 47137 47137 3390736 PART V, LINE 4: THE DANIEL MURPHY SCHOLARSHIP FUND MAINTAINS TWO 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 A DONOR RESTRICTED ENDOWMENT THAT IS A TERM ENDOWMENT. ON AN ANNUAL BASIS, THE FUND CAN EXPEND THIS ENDOWMENT 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, 2015 AND 2014. GOLF OUTING 1365469 1036565 328904 350090 25TH ANNIVERSARY 1180517 1095962 84555 281746 3 207192 170574 36618 84356 2753178 2303101 450077 716192 716192 -266115 1 SCHOLARSHIPS AND TRAVEL BENEFITS - SCHOLARS 352 1523112 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 B DAVID EXECUTIVE DIRECTOR 155259 0 0 0 0 0 0 0 0 0 155259 0 0 0 X 29 301306 FMV X SPORTS TICKETS 2 10680 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 ROBERT J. COONEY, ADVISORY BOARD MEMBER, IS MARRIED TO LORETTA COONEY, CHAIR OF THE BOARD. NANCY VAN GRINSVEN, BOARD SECRETARY, IS MARRIED TO MARK VAN GRINSVEN, WHO IS ON THE ADVISORY BOARD. FORM 990, PART VI, SECTION B, LINE 11 AFTER FORM 990 IS PREPARED BY THE FUND'S CPA FIRM, IT IS REVIEWED BY DANIEL MURPHY SCHOLARSHIP FUND'S EXECUTIVE DIRECTOR, PRESIDENT, 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 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: MARIANNE ALKEMADE, CHRISTOPHER G. BOEHM, DOUGLAS BROWN, ROBERT BROWN, MARK BURGETT, MICHAEL T. BYRNE, VIOLET CLARK, WHEELER COLEMAN, KEVIN CONWAY, ROBERT J COONEY, THEODORE E. CORNELL III, JACQUELINE DAGGETT, MICHAEL P. EARLY, STEPHEN E. ELKINS, MARK FERGUSON, TONY GOODMAN, DR. CATHERINE H. GOTTFRED, DAVID D. GRUMHAUS, BRUCE HAGUE, CRAIG W. HENDERSON, JOHN B. HOEFLICH, LAWRENCE HOLLINS, JEROME B. JOHNSTON, JAMES S. KAPLAN, THOMAS P. KEARNEY, RON KELNER, SCOTT KILREA, CHRIS KLINGENSTEIN, ANDREA S. KRAMER, ROGER S. MCENIRY, DAVID P. MURAWSKI, BETSY S. MURPHY, JAMES K. MURPHY, ROBERT M. MURPHY, JOHN ORMSBY, SCOTT RUBENSTEIN, DAN RUBINSTEIN, JOHN R. RUSSELL, MICHAEL J. SACKS, JEREMY SCHLEE, BILL SCHNEIBLE, BRAD SCHOTANUS, LEE E. TENZER, ROBERT M. THOMAS, WILLIAM R. TOBEY, MARK J. VAN GRINSVEN, TERRY WALSH, ALLEN WEAVER, JAMES WOLDENBERG, AND JEFF WRIGHT.