2026-03-20T17:34:57-05:00 2025-08-31 872525370 CITRIN COOPERMAN ADVISORS LLC 455 N CITYFRONT PLAZA DR - SUITE 1600 CHICAGO IL 60611 990 2024-09-01 363675466 DANIEL MURPHY SCHOLARSHIP FUND DANI 3124557800 140 S DEARBORN ST SUITE 820 CHICAGO IL 60603 CINDY HALLUMS EXECUTIVE DIRECTOR 3124557800 2026-03-17 1 1 JAMES G QUAID P00641738 3126707444 2026-03-17 2024 2025-03-06 01:10:19Z X CINDY HALLUMS 140 S DEARBORN ST SUITE 820 CHICAGO IL 60603 8869692 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 18 364 0 0 5694841 6655769 0 0 373199 475681 -240391 -355949 5827649 6775501 1686044 2222976 0 0 1759012 1742483 0 0 1133289 2014409 2144332 5459465 6109791 368184 665710 13238337 14384925 2648022 2449669 10590315 11935256 X SEE PART I LINE 1. 0 0 3726115 2222976 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 2024/2025 AND 2023/2024 SCHOOL YEARS, THE FUND SERVED 495 AND 444 SCHOLARS, RESPECTIVELY. 159188 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. 263087 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 OPPORTUNITIES PROGRAM, THE FUND PROVIDES SUMMER GOLF CADDIE EMPLOYMENT OPPORTUNITIES FOR SCHOLARS. SCHOLARS CADDIE AT NEARBY COUNTRY CLUBS, EARNING INCOME, GAINING WORK EXPERIENCE AND DEVELOPING LIFE SKILLS. 447103 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.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 A VIRTUAL TUTORING PLATFORM DURING THE SCHOOL YEAR.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 MANAGEMENTS, STUDY SKILLS AND CRITICAL THINKING. 447103 4595493 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 37 0 1 18 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X X THE ORGANIZATION 3124557800 140 S DEARBORN ST SUITE 820 CHICAGO IL 60603 CINDY HALLUMS EXECUTIVE DIRECTOR 40.00 X 234667 0 6138 JENNIFER R TOWNSEL CHIEF EDUCATION OFFICER 40.00 X 160404 0 11507 THOMAS RAMSDEN DIRECTOR OF DEVELOPMENT 40.00 X 119392 0 11714 ROCKY LOPEZ CHAIR 5.00 X X 0 0 0 MOLLY CARROLL VICE CHAIR 5.00 X X 0 0 0 MICHAEL KING TREASURER 5.00 X X 0 0 0 BRAD SCHOTANUS SECRETARY 5.00 X X 0 0 0 TERI BROWN DIRECTOR 5.00 X 0 0 0 OLIVIA CARBERRY DIRECTOR 5.00 X 0 0 0 KEVIN CONWAY DIRECTOR 5.00 X 0 0 0 MARY JO DEMAIO BOARD MEMBER 5.00 X 0 0 0 MICHAEL EARLY DIRECTOR 5.00 X 0 0 0 MARK FERGUSON DIRECTOR 5.00 X 0 0 0 FRED FISHER DIRECTOR 5.00 X 0 0 0 TONY GOODMAN DIRECTOR 5.00 X 0 0 0 YAN KRASOV DIRECTOR 5.00 X 0 0 0 JENNIFER RICHERT DIRECTOR 5.00 X 0 0 0 FRANK SCHMITZ DIRECTOR 5.00 X 0 0 0 514463 0 29359 3 0 1 0 LEGACY PROFESSIONALS LLP 4 WESTBROOK CORP CTR STE 700 WESTCHESTER IL 60154 ACCOUNTING SERVICES 127408 EDUCATION ENDEAVORS LLC 1467 N ELSTON AVE SUITE 200 CHICAGO IL 60642 TUTORING SERVICES 113687 2 4473106 2182663 474610 6655769 305864 305864 1382889 1213072 169817 169817 169817 525170 4473106 881119 -355949 -355949 6775501 0 0 119732 2222976 2222976 250138 100055 50028 100055 1243809 899609 56009 288191 20653 15502 659 4492 105522 70726 7434 27362 122361 82013 8620 31728 112483 49513 43874 19096 67864 67864 351628 40643 12609 298376 85006 32546 5419 47041 44185 16917 2818 24450 150834 57750 9615 83469 470121 401800 14824 53497 269390 262678 209 6503 278485 265182 5655 7648 21250 14238 1521 5491 40573 24517 6601 9455 FUNDRAISING 126435 126435 BAD DEBT 87250 87250 TUTORING 38828 38828 6109791 4595493 381009 1133289 1138 308 1612617 1684543 712055 424310 188297 54772 167645 133970 47187 33675 10437954 12156283 239089 31034 13238337 14384925 153026 237185 1852661 2193172 406512 1125 235823 18187 2648022 2449669 X 7144666 7911404 3445649 4023852 10590315 11935256 13238337 14384925 665710 679231 0 X 0 1 X 1 0 X 5006527 4696733 4294145 5694841 6655769 26348015 5006527 4696733 4294145 5694841 6655769 26348015 1890064 24457951 108629 161811 211138 275469 305864 1062911 893 6211 3897 11001 27421927 0.89190 0.88350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9847115 1100161 67864 10879412 8946841 959360 59086 9847115 8416961 587282 57402 8946841 10218172 -1736241 64970 8416961 8593485 1688325 63638 10218172 0.71950 0.28050 0 0 70276 69505 771 44537 28405 16132 52832 36060 16772 33675 OPERATING LEASE LIABILITY 18187 18187 X 7386868 679231 679231 6707637 67864 67864 6775501 6041927 0 6041927 67864 67864 6109791 PART V, LINE 4: EXECUTIVE COMMITTEE-DESIGNATED ENDOWMENT: INVESTMENT FUNDS IDENTIFIED BY THE EXECUTIVE COMMITTEE TO GROW IN PERPETUITY, WHILE GENERATING ANNUAL SPENDING ALLOWANCES TO SUPPORT THE FUND'S OPERATIONS AND PROGRAMS, HAVE BEEN DESIGNATED AS AN EXECUTIVE COMMITTEE-DESIGNATED ENDOWMENT (NET ASSETS WITHOUT DONOR RESTRICTIONS). INVESTMENT OF ENDOWMENT FUNDS MUST FOLLOW THE FUND'S INVESTMENT POLICY. UNDER THIS POLICY, THE FUND WILL BE ENTITLED TO EXPEND AN AMOUNT THAT IS EQUAL TO NO MORE THAN 5% OF THE AVERAGE FAIR VALUE OF THE EXECUTIVE COMMITTEE-DESIGNATED ENDOWMENT OVER THE MOST RECENT TWELVE FISCAL QUARTERS. IN THE EVENT THAT THE FUND EXPERIENCES A DEFICIT IN A FISCAL YEAR, THE FUND CAN BORROW FUNDS FROM THE EXECUTIVE COMMITTEE-DESIGNATED ENDOWMENT SO LONG AS THE AMOUNT BORROWED NEVER EXCEEDS MORE THAN 5% OF THE AVERAGE FAIR VALUE OF THE EXECUTIVE COMMITTEE DESIGNATED ENDOWMENT OVER THE MOST RECENT TWELVE FISCAL QUARTERS. IN SUCH AN EVENT, THE FUND WILL BE OBLIGATED TO REPAY THE AMOUNT BORROWED WITHIN THREE YEARS OF THE DATE BORROWED. ALL INVESTMENT INCOME, INCLUDING GAINS ON INVESTMENTS, WILL BE REINVESTED IN THE EXECUTIVE COMMITTEE-DESIGNATED ENDOWMENT. 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 THE ENDOWMENT FUND TO COVER A FIXED NUMBER OF SCHOLARSHIPS. PART X, LINE 2: MANAGEMENT HAS DETERMINED THAT THE FUND WAS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSISTIONS AS OF AUGUST 31, 2025 AND 2024. GOLF OUTING 3269086 2934586 334500 499970 15835 52462 GALA 1621487 1447337 174150 99024 115750 63857 1 107703 91183 16520 2810 29216 2195 4998276 4473106 525170 601804 144966 81887 52462 881119 -355949 1 SCHOLARSHIPS - SCHOLARS 495 2222976 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 CINDY HALLUMS EXECUTIVE DIRECTOR 234667 0 0 0 0 0 0 0 6138 0 240805 0 0 0 JENNIFER R TOWNSEL CHIEF EDUCATION OFFICER 160404 0 0 0 0 0 0 0 11507 0 171911 0 0 0 X 25 474610 FMV 0 1 0 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 I. DISCLOSURE A. EACH PERSON IN A POSITION OF TRUST WHO HAS, OR BELIEVES HE OR SHE MIGHT HAVE, A CONFLICT, SHALL DISCLOSE SUCH CONFLICT, IN WRITING, TO THE EXECUTIVE COMMITTEE AND TO THE PRESIDENT, WITH RESPECT TO ANY TRANSACTION THAT IS OR IS ABOUT TO BE CONSIDERED BY DMSF. B. AT THE BEGINNING OF EACH FISCAL YEAR, A COPY OF THIS CONFLICT OF INTEREST POLICY SHALL BE PROVIDED TO EVERY EMPLOYEE, STAFF MEMBER, OFFICER, MEMBER OF THE EXECUTIVE COMMITTEE AND MEMBER OF THE BOARD OF DIRECTORS. EACH SHALL (A) SIGN A STATEMENT AFFIRMING THAT HE OR SHE HAS READ A COPY OF THIS CONFLICT OF INTEREST POLICY, AGREES TO ABIDE BY IT, AND IS NOT AWARE OF ANY VIOLATIONS OF THE POLICY (OR, IF HE OR SHE IS AWARE, DISCLOSES THE VIOLATIONS OF WHICH HE OR SHE IS AWARE), AND (B) SHALL SUBMIT TO THE EXECUTIVE COMMITTEE A LIST WHICH IDENTIFIES THE NAME OF ALL ENTITIES WHICH DO BUSINESS WITH DMSF BY WHICH THAT PERSON IS EMPLOYED, SERVES ON THE BOARD OF, ACTS AS A CONSULTANT TO, OR IN WHICH THAT PERSON OR A MEMBER OF HIS OR HER HOUSEHOLD HAS A MATERIAL FINANCIAL INTEREST, II. RECUSAL A. A MEMBER OF THE EXECUTIVE COMMITTEE OR OF THE BOARD OF DIRECTORS SHALL RECUSE HIMSELF OR HERSELF FROM ANY DELIBERATIONS OR VOTING REGARDING ANY MATTER IN WHICH THAT PERSON HAS A CONFLICT B. AN EMPLOYEE OR STAFF MEMBER SHALL NOT BE THE RESPONSIBLE PERSON WITH RESPECT TO ANY TRANSACTION AS TO WHICH THAT EMPLOYEE OR STAFF PERSON HAS A CONFLICT OF INTEREST. III. RECORD KEEPING A. DMSF SHALL MAINTAIN RECORDS OF ALL MATERIALS PROVIDED TO IT PURSUANT TO PARAGRAPHS 1(B) OF THIS POLICY, AND SHALL ALSO MAINTAIN WRITTEN RECORDS OF HOW IT HAS COMPLIED WITH THIS POLICY RELATING TO ALL TRANSACTIONS FOR WHICH A CONFLICT EXISTS. IV. PROHIBITION ON GIFTS A. NO PERSON SHALL ACCEPT ANYTHING OF VALUE FROM AN ENTITY THAT IS OR MAY REASONABLY BE EXPECTED TO DO BUSINESS WITH DMSF, UNLESS (I) THE GIFT IS OF NOMINAL VALUE; (II) THE RECIPIENT IS NOT EXPECTED TO TAKE OR REFRAIN FROM TAKING ANY ACTION IN CONJUNCTION WITH THE RECEIPT OF THE GIFT; AND (III) THE GIFT IS IN KEEPING WITH GOOD BUSINESS ETHICS, OR REFUSING THE GIFT WOULD BE CONTRARY TO ACCEPTED NORMS UNDER THE CIRCUMSTANCES. 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.