PLATINUM2023

DANIEL MURPHY SCHOLARSHIP FUND

Ignite Potential. Enrich Lives.

aka DMSF   |   Chicago, IL   |  www.dmsf.org
GuideStar Charity Check

DANIEL MURPHY SCHOLARSHIP FUND

EIN: 36-3675466


Mission

The mission of the Daniel Murphy Scholarship Fund is to unlock educational opportunities for talented Chicago-area students facing financial need. DMSF partners with Scholars, families and schools through high school and beyond by providing scholarships, academic programs and personal support so that each Scholar can reach their potential.

Ruling year info

1990

Executive Director

Cindy Hallums

Interim Chief Advancement Officer

Mark Matejka

Main address

309 W Washington, Suite 700

Chicago, IL 60606 USA

Show more contact info

Formerly known as

Daniel Murphy Scholarship Foundation

EIN

36-3675466

Subject area info

Education

Equal opportunity in education

Youth mentoring

Population served info

Children and youth

Low-income people

Students

NTEE code info

Scholarships, Student Financial Aid, Awards (B82)

Student Services and Organizations (B80)

Youth Development Programs (O50)

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

Across Chicago, countless academically capable, motivated young people live in neighborhoods without affordable high-quality high school options. The Daniel Murphy Scholarship Fund (DMSF) addresses this problem by providing scholarships and wraparound programming to ensure that financial constraints do not hinder a young person’s ability to obtain a quality education. Over its 33-year history, DMSF has built 3-way partnerships between college preparatory high schools, the families of bright but economically disadvantaged young people from Chicago, and DMSF. Through these partnerships, young people who usually have very little choice in matters of education receive the opportunity to attend a high performing high school, participate in extracurricular activities, benefit from honors and accelerated high school classes, and take advantage of DMSF’s educational support services and programs.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Mentoring

DMSF provides adult mentors for Scholars who request to be paired with a mentor. In some cases, DMSF requires that a Scholar be paired with a
mentor.

Objective: Scholars will be matched with an adult advocate to walk with them through their Daniel Murphy experience to provide additional guidance, support, and understanding of the world around them. This will be a mutual learning and growing experience where genuine and long lasting relationships can be nurtured with DMSF support and training.

Population(s) Served
Adolescents

The DMSF Affinity Group Program provides support to enable scholars to be in community with other Scholars, and meet and overcome challenges so that they are successful in high school, college and beyond.

Objective: Motivate scholars to celebrate their whole selves and nurture their attitude and beliefs about their academic abilities and as young leaders. This group looks to interrogate themselves, the world around them, and lead an opportunity to educate others. Scholars will be able to participate in either the Black identifying, Latinx identifying, LGBTQIA+ identifying, AAPI identifying, Boarding School, Male identifying or Female identifying Affinity Groups. This group will meet twice a month on Saturdays.

Population(s) Served

Many DMSF Scholars will be the first generation in their families to attend college. To help both Scholars and their parents, DMSF has implemented a four-year college counseling curriculum. We take Scholars and parents on college tours beginning their freshman year of high school, and we host seminars to discuss the different types of colleges and universities as well as the many kinds of applications and financial aid packages. Beginning junior year we help our Scholars prepare for standardized tests like the ACT and SAT, we help them develop the list of colleges to which they will apply, and we help them find scholarships for which they are eligible. DMSF has a full-time college counselor on its staff to facilitate this work.

Population(s) Served
Adolescents

Widely-recognized research on the "Summer Slide” demonstrates that students of all age groups who are unengaged and unproductive during the summer months lose some of the academic gains earned during the previous school year. To combat this learning loss phenomenon and capitalize on opportunities for Scholar growth, DMSF organizes a number of summer opportunities including internships, service projects, study abroad experiences, and STEM (science, technology, engineering, and mathematics) programs.

The hallmark summer opportunity that DMSF offers its Scholars is our Caddie Program. This competitive program provides immediate and long-term benefits for DMSF Scholars—immediately, Scholars earn spending money and gain job experience while caddying at local country clubs for the summer. Caddies live in college dormitories for the duration of the program and experience independence away from home. Caddying, in addition to maintaining good grades, also makes Scholars eligible to apply for the Chick Evans Scholarship, a four-year, full tuition college scholarship awarded by the Western Golf Association. To date, over 250 DMSF Scholars have been awarded the Evans Scholarship.

Population(s) Served
Adolescents

In order to prepare newly-admitted DMSF Scholars for the upcoming college preparatory environment of our partner schools, each incoming freshman must attend two week-long workshops during the summer before they enter high school. The first workshop, which is presented by a group of professional speech pathologists, teaches Scholars how to use the academic and business language that is expected of them in high school. The second workshop helps students prepare to be an "Ideal Student” and covers such topics as time management, organization skills and note-taking. Together, these workshops provide transitional support to link our Scholars’ middle school experiences to those they will encounter at a college preparatory high school.

Population(s) Served
Adolescents

At the beginning of the school year a group of incoming Scholars will be selected as Schmitt Scholars. These Scholars will remain as Schmitt Scholars throughout their high school career.

Objective: Schmitt Scholars represents a group of nominated leaders that are interested in growing their leadership in action of themselves and others. This group is mostly Scholar-led and is overseen by the Chief Education Officer to support the ideas and execution of two Scholar-driven and researched community service events or projects. Meeting dates and times will be determined by the student Board of Directors with input from the participants.

Population(s) Served

Scholars who have maintained a DMSF grade point average of at least a 3.0 during the first semester of their freshman year are eligible to apply to participate in DMSF’s Summer Caddie Program. Returning scholars who
have maintained a cumulative DMSF grade point average of at least 3.0 during their high school career are eligible to re-apply to participate in DMSF’s Summer Caddie Program.

Objective: Preparing Murphy Scholars to be independent young leaders by growing their time management skills, networking skills and communication skills, and to be strong candidates for the Chick Evans Caddie Scholarship upon successful program completion. This is a summer commitment and will include weekends and the option of overnight stays.

Population(s) Served

An international nonprofit that supports its members in teaching public speaking and leadership development in all aspects of personal and career development.

Objective: The purpose of this six week learning experience is to build effective listening and communication skills while understanding and formulating their own communication styles with the support of a member of the ToastMasters organization. Scholars will learn how to incorporate advocacy and leadership while nurturing their speaking presence in front of a group. This group will meet once a week.

Population(s) Served

Scholars will have the opportunity to hear from a variety of leaders within a number of career fields as they discuss their leadership and how it plays out in their work. Each quarter, there will be a new speaker that takes the Scholars on a journey to evaluate their purpose, what drives them, and how who they are as a person is reflected in the way they lead in their work.

Objective: Scholars will attend three speaking sessions where they will learn about different career avenues, and the type of leadership that is essential to live the lives they ultimately deserve. There will be a final culminating event and project where scholars will reflect on their learning with each other, identify what they have learned about their leadership, and envision the type of leader they hope to be based on their engagement with the series.

Population(s) Served
Adolescents
Adolescents
Adolescents
Adolescents
Adolescents

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of students enrolled

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adolescents

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Number of program participants who receive a secondary school diploma or GED

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adolescents

Related Program

Affinity Group Program

Type of Metric

Outcome - describing the effects on people or issues

Direction of Success

Holding steady

Context Notes

100% of the Murphy Scholars graduate from high school on time.

Number of high school graduates who are persisting in college

This metric is no longer tracked.
Totals By Year
Population(s) Served

Young adults

Related Program

College Counseling

Type of Metric

Outcome - describing the effects on people or issues

Direction of Success

Increasing

Context Notes

Percentage of DMSF alumni who earn or are on track to earn a college degree within six years. Our results are up to 60 points higher than in some Chicago neighborhoods.

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

The driving goal of the Daniel Murphy Scholarship Fund is to provide meaningful education and academic support during high school so that our Scholars have the best opportunity to enroll in and excel throughout college. Our programs support our Scholars early and continue throughout their high school enrollment.

In addition to scholarship awards, the Daniel Murphy Scholarship Fund provides tailored enrichment programs to support student success including tutoring, mentoring, affinity group sessions, and college counseling. Our comprehensive approach offers real-time impact with lasting ramifications for our Scholars' futures.

We are proud to report that:

- 100% of Murphy Scholars graduate from high school on time
- 97% of the Murphy Scholars in the Class of 2021 enrolled in a four-year colleges or university
- Ten of the 103 graduating seniors in the Class of 2021 were accepted into seven different Ivy League colleges including Brown, Cornell, Dartmouth, Harvard, Princeton, the University of Pennsylvania, and Yale
- 87% of Murphy Scholars persist to a college degree within six years

Giving students scholarships to access high-quality secondary education is only half the battle. To ensure that Scholars navigate the transition to and through the demanding and often different environment of a college preparatory high school, we offer comprehensive, innovative programming to support our Scholars both in and out of the classroom.

DMSF wraparound programming is delivered year-round and includes:

-two-week freshman summer bridge program
-professional tutoring
-adult mentors
-affinity group support
-college selection, affordability and financial aid counseling
-standardized test preparation
-academic support and advising
-community building
-alumni networking and career prep

Our education and fundraising teams collaborate to ensure that the appropriate resources are available for our Scholars to succeed. Through the support of our volunteers, donors, Board of Directors, and dedicated staff, DMSF Scholars are fully supported.

The education team utilizes the expertise of former educators, former DMSF Scholars themselves, and up-to-date studies to best inform their work. The fundraising team, also relying on education's best practices, builds their work around student need and organizational well-being. Effectiveness and efficiency are DMSF's driving goals .

Since 1989, 3,300 students have attended high school as Murphy Scholars. To continue and magnify our community impact and presence as an organization, DMSF aims to increase the number of Scholars in our program annually. The DMSF Development and Education teams are engaged in strategic planning to increase fundraising efforts, staff capacity, and in-office operations with a focus on major gift solicitation and Scholar recruitment.

Our efforts are paying off as there are 500 students attending high school as Murphy Scholars this year. Amongst our many alumni are Evans, Questbridge, and Posse Scholars, lawyers, business executives, entertainers, politicians, and community activists. DMSF also works tirelessly to ensure best practices are in place in all our work and has a strong track record of financial responsibility and stewardship 3+ decades.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We demonstrated a willingness to learn more by reviewing resources about feedback practice.
done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive, We tell the people who gave us feedback how we acted on their feedback

  • What challenges does the organization face when collecting feedback?

    It is difficult to find the ongoing funding to support feedback collection

Financials

DANIEL MURPHY SCHOLARSHIP FUND
Fiscal year: Sep 01 - Aug 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

5.11

Average of 4.82 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

5.9

Average of 4.7 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

14%

Average of 15% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

DANIEL MURPHY SCHOLARSHIP FUND

Revenue & expenses

Fiscal Year: Sep 01 - Aug 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

DANIEL MURPHY SCHOLARSHIP FUND

Balance sheet

Fiscal Year: Sep 01 - Aug 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

DANIEL MURPHY SCHOLARSHIP FUND

Financial trends analysis Glossary & formula definitions

Fiscal Year: Sep 01 - Aug 31

SOURCE: IRS Form 990 info

This snapshot of DANIEL MURPHY SCHOLARSHIP FUND’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $194,050 -$261,988 $202,330 $1,986,969 -$551,599
As % of expenses 5.0% -6.5% 5.4% 49.5% -12.6%
Unrestricted surplus (deficit) after depreciation $180,644 -$274,905 $187,351 $1,968,410 -$566,852
As % of expenses 4.6% -6.8% 5.0% 48.8% -12.9%
Revenue composition info
Total revenue (unrestricted & restricted) $3,303,322 $3,507,181 $3,594,138 $5,172,439 $4,450,710
Total revenue, % change over prior year -8.1% 6.2% 2.5% 43.9% -14.0%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 4.9% 6.9% 4.9% 2.1% 3.6%
Government grants 0.0% 0.0% 0.0% 6.0% 6.8%
All other grants and contributions 83.1% 82.1% 86.8% 86.3% 86.7%
Other revenue 12.0% 11.0% 8.3% 5.6% 2.9%
Expense composition info
Total expenses before depreciation $3,885,863 $4,024,101 $3,766,439 $4,014,066 $4,369,123
Total expenses, % change over prior year 1.4% 3.6% -6.4% 6.6% 8.8%
Personnel 28.9% 30.2% 30.5% 35.5% 31.0%
Professional fees 9.0% 7.7% 5.9% 8.7% 8.4%
Occupancy 3.7% 4.9% 5.7% 5.3% 5.4%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 43.4% 39.8% 43.9% 41.5% 40.7%
All other expenses 15.0% 17.4% 14.0% 9.0% 14.6%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $3,899,269 $4,037,018 $3,781,418 $4,032,625 $4,384,376
One month of savings $323,822 $335,342 $313,870 $334,506 $364,094
Debt principal payment $0 $0 $0 $12,768 $208,132
Fixed asset additions $63,829 $0 $15,195 $0 $22,890
Total full costs (estimated) $4,286,920 $4,372,360 $4,110,483 $4,379,899 $4,979,492

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 4.2 5.3 6.2 8.3 5.9
Months of cash and investments 30.2 29.2 35.8 39.9 30.1
Months of estimated liquid unrestricted net assets 17.8 16.4 18.1 22.9 19.5
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $1,364,948 $1,778,419 $1,942,973 $2,766,100 $2,134,072
Investments $8,423,283 $8,030,210 $9,297,863 $10,574,109 $8,818,676
Receivables $1,810,261 $1,003,699 $460,715 $445,457 $742,862
Gross land, buildings, equipment (LBE) $103,005 $104,832 $120,027 $114,627 $137,517
Accumulated depreciation (as a % of LBE) 16.2% 28.3% 37.2% 50.4% 53.1%
Liabilities (as a % of assets) 16.1% 21.3% 23.0% 16.3% 18.1%
Unrestricted net assets $5,841,078 $5,566,173 $5,753,524 $7,721,934 $7,155,082
Temporarily restricted net assets $3,991,671 $3,189,621 N/A N/A N/A
Permanently restricted net assets $0 $0 N/A N/A N/A
Total restricted net assets $3,991,671 $3,189,621 $3,420,160 $3,897,781 $2,525,064
Total net assets $9,832,749 $8,755,794 $9,173,684 $11,619,715 $9,680,146

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Executive Director

Cindy Hallums

In her role as Executive Director, Cindy is responsible for leading the development, strategy and vision of the organization that serves 500 Scholars on their path to high school and college graduation. Cindy has dedicated her career to nonprofit service and educational equity. Cindy rejoined the DMSF team in April 2020 as Chief Education Officer, and previously worked for DMSF from 2008 to 2013. Her prior experience include serving as a Teach for America Corps Member; Director of KIPP to College at KIPP Ascend Charter School; Director of Community Partnerships at Teach for America Chicago-NWI, and Managing Director of Development at Educators for Excellence. ​ Cindy received her BA in Spanish Language and Literature and Women’s Studies from Rhodes College, and a Master’s Degree in Social Service Administration from the University of Chicago’s Crown Family School of Social Work, Policy, and Practice. She and her husband, Jeff, live in Chicago with their two children.

Interim Chief Advancement Officer

Mark Matejka

Number of employees

Source: IRS Form 990

DANIEL MURPHY SCHOLARSHIP FUND

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
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DANIEL MURPHY SCHOLARSHIP FUND

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
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DANIEL MURPHY SCHOLARSHIP FUND

Board of directors
as of 09/03/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Mr. Mark Ferguson

BartlitBeck LLP

Term: 2020 - 2023

Jorge Alonso

US District Judge for the Northern District of Illinois

Mar Borie

Private Educator

Bob Brown

UBS Global Asset Management, Inc.

Kevin Conway

Cooney and Conway

Mary Jo DeMaio

Philanthropist

Mike Earley

JonesDay

Jim Epstein

Retired Appellate Judge

Mark Ferguson

Bartlit Beck Herman Palenchar & Scott LLP

Chuck Gately

LaSalle Systems

Jim Kaplan

National Investment Services

Patrick Kempton

Prudential Mortgage Capital Company

Chris Klingenstein

Cask Trading

Rocky Lopez

The Randolph Group

Wendy Manning

Consultant

Chris McComish

S&T Bank

Mike Millhouse

Retired - Chicago Equity Partners LLC

Betsy Murphy

Registered Nurse

Mary O'Leary

Retired Starcom Mediavest Group

John Ormsby

Retired - US Foods

Scott Rubenstein

BMO Harris Bank

Jeremy Schlee

PricewaterhouseCoopers

Brad Schotanus

Wintrust Bank

Mark Van Grinsven

Retired - Northern Trust

Allen Weaver

Prudential Capital Group

Greg Zeeman

Oasis Financial

Hank Bernbaum

High Sierra

Chris Boehm

Cresset Partners Private Capital

Teri Brown

Community Philanthropist

Dana Butler

Irma C. Ruiz Elementary School (retired)

Gil Calderon

M4 Capital Management

Amy Carnahan

Marsh

Christopher Carlson

Northern Trust (retired)

Tracy Clark

Barlit Beck LLP

Brad DeHond

Morgan Stanley Private Wealth Management

Tim Donohue

Lantern Partners

Fred Fisher

Mayer Brown

Justin Foley

The Gelber Group

Katie Gottfried

LEAP Learning Systems

Ellen Hoover

Skadden, Arps, Slate, Meagher & Flom LLP

Jason Kang

Abbott

Jim Lynch

Winston & Strawn LLP (retired

Brittany Merritt

The Steve Fund

Pete Mulvey

RSM US LLP

Gretchen Murphy

Illinois Department of Commerce and Economic Opportunity

Odalo Ohiku

City of Milwaukee

Ralph Perez

Skadden, Arps, Slate, Meagher & Flom LLP

Jennifer Richert

Shirley Ryan AbilityLab

Frank Schmitz

PJT Park Hill Real Estate Group

Sally Giegerich

Northern Trust

Erin Mathurin

LinkedIn

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 9/3/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender (cisgender)
Sexual orientation
Heterosexual or straight
Disability status
Person without a disability

The organization's co-leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male
Sexual orientation
Heterosexual or straight

Race & ethnicity

Gender identity

 

Sexual orientation

No data

Disability

No data

Contractors

Fiscal year ending
There are no fundraisers recorded for this organization.