Daniel Murphy Scholarship Fund

“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.”

“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.”

“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.”

“The fund makes its documents, policies and financial statements available to the public upon request and publishes its financial information on its website.”