DANIEL MURPHY SCHOLARSHIP FUND

EIN: 363675466 501(c)(3)

CHICAGO, IL

Total Revenue
$6,775,501
Total Expenses
$6,109,791
Total Assets
$14,384,925
Net Assets
$11,935,256
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
IL
Principal Officer
CINDY HALLUMS
Phone
3124557800
Tax Period
2024-09-01 to 2025-08-31

DANIEL MURPHY SCHOLARSHIP FUND, founded in 1989, is a community nonprofit that reported $6.8M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $6.1M left a modest 10% surplus.

Mission

SEE PART I LINE 1.

Program Service Accomplishments

Program 1
Expenses: $3,726,115

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...

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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.

Program 2
Expenses: $159,188

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...

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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.

Program 3
Expenses: $263,087

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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,655,769
Program Service Revenue $0
Investment Income $475,681
Other Revenue $-355,949
TOTAL REVENUE $6,775,501

Expense Breakdown

Grants Paid $2,222,976
Salaries & Benefits $1,742,483
Fundraising Expenses $1,133,289
Program Expenses $4,595,493
Other Expenses $2,144,332
TOTAL EXPENSES $6,109,791

Year-over-Year Comparison

2024 2023 Change
Revenue $6,775,501 $5,827,649 +0.2%
Expenses $6,109,791 $5,459,465 +0.1%
Net Income $665,710 $368,184 +0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
15
Employees
18
Volunteers
364

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$240,805
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CINDY HALLUMS EXECUTIVE DIRECTOR 40.00
Officer
$234,667 $6,138 $240,805
JENNIFER R TOWNSEL CHIEF EDUCATION OFFICER 40.00
Highest
$160,404 $11,507 $171,911
THOMAS RAMSDEN DIRECTOR OF DEVELOPMENT 40.00
Highest
$119,392 $11,714 $131,106
ROCKY LOPEZ CHAIR 5.00
Officer Director
$0 $0 $0
MOLLY CARROLL VICE CHAIR 5.00
Officer Director
$0 $0 $0
MICHAEL KING TREASURER 5.00
Officer Director
$0 $0 $0
BRAD SCHOTANUS SECRETARY 5.00
Officer Director
$0 $0 $0
TERI BROWN DIRECTOR 5.00
Director
$0 $0 $0
OLIVIA CARBERRY DIRECTOR 5.00
Director
$0 $0 $0
KEVIN CONWAY DIRECTOR 5.00
Director
$0 $0 $0
MARY JO DEMAIO BOARD MEMBER 5.00
Director
$0 $0 $0
MICHAEL EARLY DIRECTOR 5.00
Director
$0 $0 $0
MARK FERGUSON DIRECTOR 5.00
Director
$0 $0 $0
FRED FISHER DIRECTOR 5.00
Director
$0 $0 $0
TONY GOODMAN DIRECTOR 5.00
Director
$0 $0 $0
YAN KRASOV DIRECTOR 5.00
Director
$0 $0 $0
JENNIFER RICHERT DIRECTOR 5.00
Director
$0 $0 $0
FRANK SCHMITZ DIRECTOR 5.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $6,775,501 $6,109,791 $14,384,925 $665,710
2024 $5,827,649 $5,459,465 $13,238,337 $368,184
2023 $4,167,481 $4,893,562 $11,816,152 $-726,081
2022 $4,450,710 $4,384,376 $11,823,483 $66,334
2021 $5,172,439 $4,032,625 $13,887,675 $1,139,814
2020 $3,594,138 $3,781,418 $11,920,435 $-187,280
2019 $3,507,181 $4,037,018 $11,122,959 $-529,837
2018 $3,303,322 $3,899,269 $11,723,684 $-595,947
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