2012-03-21T10:06:44-05:00 2011-08-31 OSTROW REISIN BERK & ABRAMS LTD 455 N CITYFRONT PLAZA DRIVE SUITE 1 CHICAGO IL 606115313 990 2010-09-01 363675466 DANIEL MURPHY SCHOLARSHIP FUND DANI 3124557800 100 WEST MONROE NO 500 CHICAGO IL 606031967 ANDREW B DAVID 3124557800 2012-03-21 1 JAMES G QUAID 3126707444 2010 2016-02-24 21:20:13Z ANDREW B DAVID 100 WEST MONROE NO 500 CHICAGO IL 606031967 5161611 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 15 200 0 0 2211461 2798732 0 0 178631 356901 -12722 -79177 2377370 3076456 1208507 1272627 0 0 733095 794288 0 0 359611 565118 647373 2506720 2714288 -129350 362168 6104825 6825887 1312161 1473423 4792664 5352464 X SEE PART I LINE 1. 0 0 1606049 1257386 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 2011 AND 2010, THE FUND SERVED 330 AND 334 SCHOLARS, RESPECTIVELY. 210849 15241 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. 117223 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. DURING 2011 AND 2010, 100% OF THE SCHOLARS WHO GRADUATED HIGH SCHOOL ENROLLED IN COLLEGE. 88619 BRIDGE TO EXCELLENCE 64190 TUTORING 56007 MENTORING 208816 2142937 1 1 0 0 0 0 0 0 1 1 0 0 0 1 0 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 0 1 12 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 ANDREW B DAVID 3124557800 100 WEST MONROE NO 500 CHICAGO IL 606031967 X ROBERT J COONEY 5.00 X X 0 0 0 THOMAS J DWYER 5.00 X 0 0 0 SCOTT KILREA 5.00 X 0 0 0 ROGER S MCENIRY 5.00 X 0 0 0 LEE E TENZER 5.00 X 0 0 0 PETER WRENN 5.00 X 0 0 0 DAVID SHAW 5.00 X X 0 0 0 JAMES R EPSTEIN 5.00 X X 0 0 0 MARY O'LEARY 5.00 X 0 0 0 LORETTA COONEY 5.00 X 0 0 0 MICHAEL MILLHOUSE 5.00 X X 0 0 0 WILLIAM R TOBEY 5.00 X 0 0 0 JUSTIN FOLEY 5.00 X 0 0 0 JEROME B JOHNSTON 5.00 X 0 0 0 NANCY VAN GRINSVEN 5.00 X 0 0 0 ANDREW B DAVID 60.00 X 143600 0 0 143600 0 0 1 0 0 0 0 856237 1942495 126385 2798732 87636 87636 2050699 1781434 269265 269265 269265 224544 856237 303721 -79177 -79177 3076456 0 0 277724 1272627 1272627 145000 54375 42296 48329 528695 335765 16048 176882 11723 6788 1016 3919 49288 28537 4274 16477 59582 34498 5166 19918 33380 33380 129444 78535 43007 7902 37372 16569 3928 16875 6476 3749 561 2166 155925 92807 12998 50120 7408 7125 283 11182 6437 2536 2209 10131 5866 878 3387 19668 11387 1706 6575 CADDIE PROGRAM-ROOM/BOA 108293 108293 PROVISION FOR DOUBTFUL 41495 41495 TUTORING 22298 22298 64301 57281 2451 4569 2714288 2142937 211740 359611 X 95369 18585 1067589 1103344 1175155 1230584 102300 55250 13206 7628 107421 83001 34551 24420 3586174 4359519 30481 26557 6104825 6825887 117477 164456 1194684 1264800 0 44167 1312161 1473423 X 2809412 2952297 1983252 2400167 4792664 5352464 6104825 6825887 X 362168 197632 X 0 1 1 X 0 X 2479897 4692681 2098549 2211461 2798732 14281320 2479897 4692681 2098549 2211461 2798732 14281320 1783396 12497924 188655 76184 -277516 178631 356901 522855 -37807 -29862 -14970 -12722 -79177 -174538 14629637 0.85430 0.86810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3586174 351617 521728 100000 4359519 3034739 467391 116044 32000 3586174 0.74000 0.26000 0 0 107421 83001 24420 24420 DEFERRED RENT 44167 44167 3076456 2714288 362168 197632 197632 559800 3257588 197632 16880 214512 3043076 33380 33380 3076456 2697788 16880 16880 2680908 33380 33380 2714288 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. GOLF OUTING 1063241 838697 224544 290741 ASSOCIATE BOARD EVENT 17540 17540 12980 1080781 856237 224544 303721 303721 -79177 1 SCHOLARSHIPS AND TRAVEL BENEFITS - SCHOLARS 330 1272627 0 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 14 104385 SALES PRICE X DUFFLE BAGS 1 20000 FMV X GOLF BALLS 1 2000 FMV 0 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, DANIEL MURPHY SCHOLARSHIP FUND'S CURRENT PRESIDENT, IS MARRIED TO LORETTA COONEY, WHO IS ON THE EXECUTIVE COMMITTEE. NANCY VAN GRINSVEN, WHO IS ON THE EXECUTIVE COMMITTEE, 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: JORGE L. ALONSO, CHRISTOPHER G. BOEHM, DOUGLAS BROWN, MICHAEL T. BYRNE, VIOLET CLARK, WHEELER COLEMAN, THEODORE E. CORNELL III, JACQUELINE DAGGETT, WARREN DEMAIO, JAMES DOHERTY, STEPHEN E. ELKINS, CHUCK GATELY, GREG GILES, TONY GOODMAN, DR. CATHERINE H. GOTTFRED, DAVID D. GRUMHAUS, BRUCE HAGUE, CRAIG W. HENDERSON, JOHN B. HOEFLICH, LAWRENCE HOLLINS, JAMES S. KAPLAN, THOMAS P. KEARNEY, PATRICK KEMPTON, EILEEN MITCHELL, DAVID P. MURAWSKI, BETSY S. MURPHY, JAMES K. MURPHY, ROBERT M. MURPHY, MARLENE NEI, LOIDA ROSARIO, JOHN R. RUSSELL, MICHAEL J. SACKS, ROBERT M. THOMAS, MARK J. VAN GRINSVEN, AND ALLEN WEAVER. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 197,632.