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.
68¢ of each $1 spent went to programs.
$222K 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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FY2024 · 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
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$222K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 3.5 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
$2.6M
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.8M
+40% vs prior year
Spent
$5.5M
To programs
68%
Net assets
$10.6M
By yearFY2020–FY2025
Revenue
$5.8M
FY2024▲ +40%
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
$5.5M
FY2024▲ +12%
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
$10.6M
FY2024▲ +13%
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 FY2024 Form 990 (year ending August 2024) · figures checked against the IRS filing · see the original

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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

68 cents of each dollar spent went to programs.

Program services 68% · $3.7M Management & general 13% · $727K Fundraising 19% · $1.0M

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

15 people listed on the 990; $222K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$221,507Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$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 · $3.2M · in their own filed words · FY2023
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.

$2.9Mprogram 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.

$127Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$5.8M
Ln 12
Gifts and grantsLn 1h$5.7M
Investment incomeLn 3$373K
Money outPt IX
$5.5M
Ln 25
Programscol B$3.7M
Managementcol C$727K
Fundraisingcol D$1.0M
Owns and owesPt X
$10.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$13.2M
LiabilitiesLn 26$2.6M
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.7M
Noncash giftsLn 1g$461K
Fundraising eventsLn 1c$2.7M
Investment incomeLn 3$373K
Gains on assetsLn 7$98K
Total revenueLn 12$5.8M
Assets in detailPt X, end of year
CashLn 1$1K
SavingsLn 2$1.6M
Cash and savings togetherLn 1–2$1.6M
InvestmentsLn 11–13$10.4M
Land, buildings, equipmentLn 10c$47K
Other assetsLn 15$239K
Total assetsLn 16$13.2M
LiabilitiesLn 26$2.6M
Net assetsLn 32$10.6M
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 FY24End FY24
Cash and savingsLn 1–2$776K$1.6M
InvestmentsLn 11–13$10.0M$10.4M
Land, buildings, equipmentLn 10c$56K$47K
Total assetsLn 16$11.8M$13.2M
LiabilitiesLn 26$2.4M$2.6M
Net assetsLn 32$9.4M$10.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$1.7M$1.7M
Pay of current officers, directors and key staffLn 5$235K$132K$41K$62K
Other salaries and wagesLn 7$1.3M$720K$223K$340K
Pension plan contributionsLn 8$19K$11K$3K$5K
Other employee benefitsLn 9$99K$55K$17K$26K
Payroll taxesLn 10$123K$69K$21K$33K
Accounting feesLn 11c$157K$66K$57K$34K
Investment management feesLn 11f$59K$59K
Other fees for servicesLn 11g$414K$115K$12K$287K
Advertising and promotionLn 12$83K$43K$4K$36K
Office expensesLn 13$133K$70K$7K$57K
Information technologyLn 14$117K$61K$6K$50K
OccupancyLn 16$337K$240K$38K$58K
TravelLn 17$198K$192K$1K$4K
Conferences, conventions and meetingsLn 19$79K$67K$3K$10K
Depreciation, depletion and amortizationLn 22$20K$11K$4K$6K
InsuranceLn 23$40K$21K$9K$11K
Other expenses (24a–d)Ln 24$375K$127K$222K$26K
Total functional expensesLn 25$5.5M$3.7M$727K$1.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $6.8M$6.1M$666K$11.9M 990 PDF
FY2024 Viewing $5.8M$5.5M$368K$10.6M 990 PDF
FY2023 $4.2M$4.9M−$726K$9.4M 990 PDF
FY2022 $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 FY2024 990 (6 parts)
Part I · Summary $5,827,649 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,294,145$5,694,841
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $197,157$373,199
I-11 Other revenuePrior year −$323,821−$240,391
I-12 Total revenuePrior year $4,167,481$5,827,649
I-13 Grants and similar amounts paidPrior year $1,899,002$1,686,044
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,536,822$1,759,012
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,457,738$2,014,409
I-18 Total expensesPrior year $4,893,562$5,459,465
I-19 Revenue less expensesPrior year −$726,081$368,184
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
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 $5,827,649 across 8 lines filed
VIII-1c Fundraising events$2,696,457
VIII-1f All other contributions, gifts and grants$2,998,384
VIII-1g Noncash contributions (included above)$461,309
VIII-1h Total contributions, gifts and grants$5,694,841
VIII-3 Investment incomeExcluded from tax $275,469$275,469
VIII-7 Net gain or loss on sales of assetsExcluded from tax $97,730$97,730
VIII-8 Net income from fundraising eventsExcluded from tax −$240,391−$240,391
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $132,808$5,827,649
Part IX · Statement of functional expenses $5,459,465 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $1,686,044$1,686,044
IX-5 Pay of current officers, directors and key staffPrograms $132,080 · Management $40,902 · Fundraising $62,309$235,291
IX-7 Other salaries and wagesPrograms $720,072 · Management $222,986 · Fundraising $339,696$1,282,754
IX-8 Pension plan contributionsPrograms $10,723 · Management $3,321 · Fundraising $5,059$19,103
IX-9 Other employee benefitsPrograms $55,432 · Management $17,166 · Fundraising $26,150$98,748
IX-10 Payroll taxesPrograms $69,111 · Management $21,402 · Fundraising $32,603$123,116
IX-11c Accounting feesPrograms $66,157 · Management $57,405 · Fundraising $33,818$157,380
IX-11f Investment management feesManagement $59,086$59,086
IX-11g Other fees for servicesPrograms $115,040 · Management $12,236 · Fundraising $287,120$414,396
IX-12 Advertising and promotionPrograms $43,461 · Management $4,090 · Fundraising $35,763$83,314
IX-13 Office expensesPrograms $69,575 · Management $6,548 · Fundraising $57,251$133,374
IX-14 Information technologyPrograms $60,901 · Management $5,732 · Fundraising $50,114$116,747
IX-16 OccupancyPrograms $240,193 · Management $38,349 · Fundraising $58,421$336,963
IX-17 TravelPrograms $192,387 · Management $1,485 · Fundraising $4,496$198,368
IX-19 Conferences, conventions and meetingsPrograms $66,980 · Management $2,715 · Fundraising $9,724$79,419
IX-22 Depreciation, depletion and amortizationPrograms $10,954 · Management $3,676 · Fundraising $5,599$20,229
IX-23 InsurancePrograms $20,977 · Management $8,539 · Fundraising $10,723$40,239
IX-24 Other expenses (24a–d)Programs $127,267 · Management $221,650 · Fundraising $25,977$374,894
IX-25 Total functional expensesPrograms $3,687,354 · Management $727,288 · Fundraising $1,044,823$5,459,465
Part X · Balance sheet $13,238,337 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $800$1,138
X-2 Savings and temporary cash investmentsStart of year $775,310$1,612,617
X-3 Pledges and grants receivableStart of year $561,089$712,055
X-9 Prepaid expenses and deferred chargesStart of year $45,318$188,297
X-10c Land, buildings and equipment, netStart of year $56,128$47,187
X-11 Publicly traded securitiesStart of year $9,958,781$10,437,954
X-15 Other assetsStart of year $418,726$239,089
X-16 Total assetsStart of year $11,816,152$13,238,337
X-17 Accounts payable and accrued expensesStart of year $169,147$153,026
X-18 Grants payableStart of year $1,834,900$1,852,661
X-19 Deferred revenue$406,512
X-25 Other liabilitiesStart of year $442,837$235,823
X-26 Total liabilitiesStart of year $2,446,884$2,648,022
X-27 Net assets without donor restrictionsStart of year $6,765,122$7,144,666
X-28 Net assets with donor restrictionsStart of year $2,604,146$3,445,649
X-32 Total net assets or fund balancesStart of year $9,369,268$10,590,315
X-33 Total liabilities and net assetsStart of year $11,816,152$13,238,337
Part XI · Reconciliation of net assets $10,590,315 net assets at year end
XI-1 Total revenue$5,827,649
XI-2 Total expenses$5,459,465
XI-3 Revenue less expenses$368,184
XI-4 Net assets at start of year$9,369,268
XI-5 Net unrealized gains (losses) on investments$852,863
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,590,315

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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