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.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
$527K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $221K a year · 4% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$527K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
6 mo
of spending, in cash
Plus $8.8M in investments, Pt X · Ln 11–13
Looks good: 5.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.1M
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.5M
-14% vs prior year
Spent
$4.4M
To programs
77%
Net assets
$9.7M
By yearFY2020–FY2025
Revenue
$4.5M
FY2022▼ -14%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.6M
FY2021$5.2M
FY2022$4.5M
FY2023$4.2M
FY2024$5.8M
FY2025$6.8M
Expenses
$4.4M
FY2022▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.8M
FY2021$4.0M
FY2022$4.4M
FY2023$4.9M
FY2024$5.5M
FY2025$6.1M
Net assets
$9.7M
FY2022▼ -17%
Tap a bar for its year
Net assets by fiscal year
FY2020$9.2M
FY2021$11.6M
FY2022$9.7M
FY2023$9.4M
FY2024$10.6M
FY2025$11.9M

From the FY2022 Form 990 (year ending August 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1990.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $3.4M Management & general 6% · $245K Fundraising 18% · $778K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990; $527K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Chief Advancement Officer(see Sch O)
$201,873Pt VII · Sec A
Executive Director (term)(see Sch O)
$187,460Pt VII · Sec A
Executive Director(see Sch O)
$137,800Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Cindy Hallums$234,667$221,507$209,297$137,800——
Tim Kennedy——$210,861$201,873$164,800—
Jose Rodriguez———$187,460$173,040$174,234
Jennifer R Townsel$160,404—————
Thomas Ramsden$119,392—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides scholarships and educational support to economically disadvantaged Chicago high school students.

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Provided by the organization

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3 programs · $3.1M · in their own filed words · FY2021
01

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.

$2.7Mprogram expense
02

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.

$202Kprogram expense
03

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.

$194Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$10K
Grants paid · 6 grants · $10.9M · 2019–2024
Unitemized GrantFY2024$2,222,976
Unitemized GrantFY2023$1,686,044
Unitemized GrantFY2022$1,899,002
Unitemized GrantFY2021$1,778,224
Unitemized GrantFY2020$1,666,899
Unitemized GrantFY2019$1,652,348

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$4.5M
Ln 12
Gifts and grantsLn 1h$4.7M
Investment incomeLn 3$283K
Money outPt IX
$4.4M
Ln 25
Programscol B$3.4M
Managementcol C$245K
Fundraisingcol D$778K
Owns and owesPt X
$9.7M
net assets · Ln 32
Cash and savingsLn 1–2$2.1M
Total assetsLn 16$11.8M
LiabilitiesLn 26$2.1M
PeoplePt VI, VII
18
listed · VII A
PaidVII A3
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.7M
Government grantsLn 1e$303K
Noncash giftsLn 1g$304K
Fundraising eventsLn 1c$2.2M
Investment incomeLn 3$283K
Gains on assetsLn 7$121K
Total revenueLn 12$4.5M
Assets in detailPt X, end of year
CashLn 1$13K
SavingsLn 2$2.1M
Cash and savings togetherLn 1–2$2.1M
InvestmentsLn 11–13$8.8M
Land, buildings, equipmentLn 10c$64K
Other assetsLn 15$16K
Total assetsLn 16$11.8M
LiabilitiesLn 26$2.1M
Net assetsLn 32$9.7M
OperationsPt I, VI
EmployeesI 522
VolunteersI 6300
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$2.8M$2.1M
InvestmentsLn 11–13$10.6M$8.8M
Land, buildings, equipmentLn 10c$57K$64K
Total assetsLn 16$13.9M$11.8M
LiabilitiesLn 26$2.3M$2.1M
Net assetsLn 32$11.6M$9.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$1.8M$1.8M
Pay of current officers, directors and key staffLn 5$486K$228K$82K$177K
Other salaries and wagesLn 7$706K$436K$12K$258K
Pension plan contributionsLn 8$12K$8K$780$4K
Other employee benefitsLn 9$51K$29K$4K$19K
Payroll taxesLn 10$98K$55K$8K$36K
Accounting feesLn 11c$61K$5K$50K$5K
Investment management feesLn 11f$65K$65K
Other fees for servicesLn 11g$240K$187K$53K
Advertising and promotionLn 12$117K$117K
Office expensesLn 13$125K$104K$6K$15K
Information technologyLn 14$57K$25K$1K$31K
OccupancyLn 16$234K$192K$6K$36K
TravelLn 17$141K$138K$2K$1K
Conferences, conventions and meetingsLn 19$119K$96K$7K$15K
Depreciation, depletion and amortizationLn 22$15K$12K$408$3K
InsuranceLn 23$24K$14K$2K$9K
Other expenses (24a–d)Ln 24$54K$54K
Total functional expensesLn 25$4.4M$3.4M$245K$778K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $6.8M$6.1M$666K$11.9M 990 PDF
FY2024 $5.8M$5.5M$368K$10.6M 990 PDF
FY2023 $4.2M$4.9M−$726K$9.4M 990 PDF
FY2022 Viewing $4.5M$4.4M$66K$9.7M 990 PDF
FY2021 $5.2M$4.0M$1.1M$11.6M 990 PDF
FY2020 $3.6M$3.8M−$187K$9.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $4,450,710 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,006,527$4,696,733
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $397,792$282,818
I-11 Other revenuePrior year −$231,880−$528,841
I-12 Total revenuePrior year $5,172,439$4,450,710
I-13 Grants and similar amounts paidPrior year $1,666,899$1,778,224
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,423,048$1,353,876
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $942,678$1,252,276
I-18 Total expensesPrior year $4,032,625$4,384,376
I-19 Revenue less expensesPrior year $1,139,814$66,334
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,450,710 across 10 lines filed
VIII-1c Fundraising events$2,217,377
VIII-1e Government grants$302,982
VIII-1f All other contributions, gifts and grants$2,176,374
VIII-1g Noncash contributions (included above)$304,192
VIII-1h Total contributions, gifts and grants$4,696,733
VIII-3 Investment incomeExcluded from tax $161,811$161,811
VIII-7 Net gain or loss on sales of assetsExcluded from tax $121,007$121,007
VIII-8 Net income from fundraising eventsExcluded from tax −$535,052−$535,052
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $6,211$6,211
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$246,023$4,450,710
Part IX · Statement of functional expenses $4,384,376 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $1,778,224$1,778,224
IX-5 Pay of current officers, directors and key staffPrograms $227,862 · Management $81,502 · Fundraising $177,098$486,462
IX-7 Other salaries and wagesPrograms $436,088 · Management $11,874 · Fundraising $258,227$706,189
IX-8 Pension plan contributionsPrograms $7,714 · Management $780 · Fundraising $3,671$12,165
IX-9 Other employee benefitsPrograms $28,526 · Management $3,964 · Fundraising $18,769$51,259
IX-10 Payroll taxesPrograms $54,518 · Management $7,640 · Fundraising $35,643$97,801
IX-11c Accounting feesPrograms $5,354 · Management $50,410 · Fundraising $5,355$61,119
IX-11f Investment management feesManagement $64,970$64,970
IX-11g Other fees for servicesPrograms $187,168 · Fundraising $53,139$240,307
IX-12 Advertising and promotionFundraising $116,941$116,941
IX-13 Office expensesPrograms $104,402 · Management $5,607 · Fundraising $14,582$124,591
IX-14 Information technologyPrograms $24,633 · Management $1,322 · Fundraising $31,032$56,987
IX-16 OccupancyPrograms $192,229 · Management $5,758 · Fundraising $36,149$234,136
IX-17 TravelPrograms $138,096 · Management $2,019 · Fundraising $1,127$141,242
IX-19 Conferences, conventions and meetingsPrograms $96,378 · Management $7,273 · Fundraising $15,084$118,735
IX-22 Depreciation, depletion and amortizationPrograms $12,282 · Management $408 · Fundraising $2,563$15,253
IX-23 InsurancePrograms $14,043 · Management $1,572 · Fundraising $8,544$24,159
IX-24 Other expenses (24a–d)Programs $53,836$53,836
IX-25 Total functional expensesPrograms $3,361,353 · Management $245,099 · Fundraising $777,924$4,384,376
Part X · Balance sheet $11,823,483 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $12,981$13,142
X-2 Savings and temporary cash investmentsStart of year $2,753,119$2,120,930
X-3 Pledges and grants receivableStart of year $388,011$742,862
X-9 Prepaid expenses and deferred chargesStart of year $28,919$47,146
X-10c Land, buildings and equipment, netStart of year $56,848$64,485
X-11 Publicly traded securitiesStart of year $10,574,109$8,818,676
X-15 Other assetsStart of year $16,242$16,242
X-16 Total assetsStart of year $13,887,675$11,823,483
X-17 Accounts payable and accrued expensesStart of year $319,582$324,967
X-18 Grants payableStart of year $1,643,600$1,737,480
X-25 Other liabilitiesStart of year $96,646$80,890
X-26 Total liabilitiesStart of year $2,267,960$2,143,337
X-27 Net assets without donor restrictionsStart of year $7,721,934$7,155,082
X-28 Net assets with donor restrictionsStart of year $3,897,781$2,525,064
X-32 Total net assets or fund balancesStart of year $11,619,715$9,680,146
X-33 Total liabilities and net assetsStart of year $13,887,675$11,823,483
Part XI · Reconciliation of net assets $9,680,146 net assets at year end
XI-1 Total revenue$4,450,710
XI-2 Total expenses$4,384,376
XI-3 Revenue less expenses$66,334
XI-4 Net assets at start of year$11,619,715
XI-5 Net unrealized gains (losses) on investments−$2,005,903
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$9,680,146

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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