2014-02-14T17:07:40-06:00 2013-08-31 362938874 OSTROW REISIN BERK & ABRAMS LTD 455 N CITYFRONT PLAZA DRIVE SUITE 1500 CHICAGO IL 606115313 990 2012-09-01 363675466 DANIEL MURPHY SCHOLARSHIP FUND DANI 3124557800 309 W WASHINGTON SUITE 1250 CHICAGO IL 60606 ANDREW B DAVID 3124557800 2014-02-11 1 JAMES G QUAID P00641738 3126707444 2012 2015-11-30 17:44:51Z X ANDREW B DAVID 309 W WASHINGTON SUITE 1250 CHICAGO IL 60606 3426536 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. 15 15 15 250 0 0 2632574 2333208 0 0 162419 516874 -54319 -51441 2740674 2798641 1326039 1420985 0 0 793315 859347 0 0 351971 567915 559878 2687269 2840210 53405 -41569 7248765 7435321 1519542 1524152 5729223 5911169 X SEE PART I LINE 1. 0 0 1743447 1410462 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 2013 AND 2012, THE FUND SERVED 330 AND 328 SCHOLARS, RESPECTIVELY. 176634 10523 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. 126625 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. 112145 COLLEGE COUNSELING 73895 MENTORING 23843 TUTORING 209883 2256589 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 16 0 15 1 0 0 0 0 0 1 1 0 0 0 0 X 15 15 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 5.00 X X 0 0 0 JUSTIN FOLEY 5.00 X X 0 0 0 MICHAEL MILLHOUSE 5.00 X X 0 0 0 NANCY VAN GRINSVEN 5.00 X X 0 0 0 JORGE ALONSO 5.00 X 0 0 0 MARTHA O'BRYAN 5.00 X 0 0 0 ROBERT COONEY 5.00 X 0 0 0 PATRICK KEMPTON 5.00 X 0 0 0 CHUCK GATELY 5.00 X 0 0 0 BILL ROGERS 5.00 X 0 0 0 SCOTT KILREA 5.00 X 0 0 0 THOMAS DWYER 5.00 X 0 0 0 MARY O'LEARY 5.00 X 0 0 0 DAVID SHAW 5.00 X 0 0 0 JAMES EPSTEIN 5.00 X 0 0 0 ANDREW B DAVID 60.00 X 151265 0 0 151265 0 0 1 0 1 0 0 1094725 1238483 170164 2333208 182342 182342 442598 108066 334532 334532 334532 442865 1094725 519829 -76964 -76964 MISCELLANEOUS 900099 25523 25523 25523 2798641 0 0 465433 1420985 1420985 152500 68625 38125 45750 578511 370482 25197 182832 9791 5881 848 3062 61696 37061 5343 19292 56849 34150 4923 17776 25688 25688 52216 52216 97529 84200 9092 4237 39899 19270 4496 16133 60251 35195 5434 19622 7590 7558 32 17492 7888 1054 8550 9300 5588 804 2908 17914 10761 1551 5602 CADDIE PROG-ROOM/BOARD 80375 80375 PROV FOR DOUBTFUL ACCTS 51725 51725 TUTORING 23843 23843 SCHOLAR RECRUIT & INTER 16086 16086 59970 28641 5154 26175 2840210 2256589 231650 351971 16885 13185 893530 765577 507272 432375 500 62641 910 32986 25986 16300 7000 5728871 6194662 23266 21112 7248765 7435321 76686 75915 1313400 1398810 83700 22350 45756 27077 1519542 1524152 X 3434900 3420232 2294323 2490937 5729223 5911169 7248765 7435321 -41569 223515 0 X 0 1 X 1 0 X 2098549 2211461 2798732 2632574 2333208 12074524 2098549 2211461 2798732 2632574 2333208 12074524 720326 11354198 -277516 178631 356901 115454 182342 555812 -14970 -12722 -79177 240950 477865 611946 13242282 0.85740 0.85770 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5728871 2836 742171 227000 52216 6194662 4359519 1124079 488858 200000 43585 5728871 3586174 351617 521728 100000 4359519 3034739 467391 116044 32000 3586174 0.67130 0.32870 0 0 32986 25986 7000 7000 DEFERRED RENT 27077 27077 X 2988943 223518 19000 242518 2746425 52216 52216 2798641 2806994 19000 19000 2787994 52216 52216 2840210 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE FUND IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. IN ADDITION, THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE FUND IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. THE FUND FILES FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX. THE RETURNS ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THE THREE YEARS AFTER THEY WERE FILED. GOLF OUTING 1211750 947385 264365 301496 GOLF RETREAT 264300 85800 178500 198706 4 61540 61540 19627 1537590 1094725 442865 519829 519829 -76964 1 SCHOLARSHIPS AND TRAVEL BENEFITS - SCHOLARS 330 1420985 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 0 0 0 0 0 0 0 0 0 ANDREW B DAVID 151265 0 0 0 0 0 0 0 0 0 151265 0 0 0 PART I, LINE 3 DANIEL MURPHY SCHOLARSHIP FUND HAS A COMPENSATION COMMITTEE, CHAIRED BY THE PRESIDENT, THAT SETS ALL EMPLOYEE COMPENSATION. COMPARABLE DATA IS USED TO DETERMINE THE SALARY OF THE EXECUTIVE DIRECTOR. THE COMMITTEE'S DECISION IS REFLECTED IN EMAILS AND SPREADSHEETS THAT ARE CIRCULATED AMONGST THE COMMITTEE. X 13 167014 FMV X GOLF EQUIP 1 3150 FMV 0 1 1 THIRD PARTY USE: 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, EXECUTIVE COMMITTEE MEMBER, IS MARRIED TO LORETTA COONEY, PRESIDENT 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. ADVISORY BOARD 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, THEODORE E. CORNELL III, JACQUELINE DAGGETT, MARY JO DEMAIO, STEPHEN E. ELKINS, GREG GILES, 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, CHRIS KLINGENSTEIN, ROCKY LOPEZ, ROGER S. MCENIRY, DAVID P. MURAWSKI, BETSY S. MURPHY, JAMES K. MURPHY, ROBERT M. MURPHY, LOIDA ROSARIO, SCOTT RUBENSTEIN, JOHN R. RUSSELL, MICHAEL J. SACKS, BRAD SCHOTANUS, LEE E. TENZER, ROBERT M. THOMAS, WILLIAM R. TOBEY, MARK J. VAN GRINSVEN, ALLEN WEAVER, JAMES WOLDENBERG, JEFF WRIGHT, AND GREG ZEEMAN.