THE FRANCIS OUIMET SCHOLARSHIP FUND INC Charity Report

Public IRS 990 nonprofit record

THE FRANCIS OUIMET SCHOLARSHIP FUND INC

EIN 04-2234126 · Education (B820)

What they do

THE OUIMET FUNDS PURPOSE is to HELP DESERVING YOUNG MEN and WOMEN, WHO HAVE WORKED AT GOLF COURSES IN MASSACHUSETTS, OBTAIN A COLLEGE EDUCATION. WE PROVIDE NEED-BASED COLLEGE SCHOLARSHIPS, WHICH ARE RENEWABLE and WORTH AN AVERAGE of $30,000 OVER THE COURSE of FOUR YEARS, WITH SOME STUDENTS RECEIVING AS MUCH AS $80,000.SINCE 1949, THE FUND HAS AWARDED $53.4 MILLION IN NEED-BASED SCHOLARSHIPS to NEARLY 7,000 DESERVING MEN and WOMEN ACROSS THE STATE. OUIMET SCHOLARS EXCEL IN THE CLASSROOM, GRADUATING AT A 91% RATE and ACHIEVING A 3.4 COLLECTIVE GPA.THE OUIMET FUND is THE LARGEST INDEPENDENT SCHOLARSHIP FUND IN NEW ENGLAND, and WORKS to ENHANCE THE LEGACY of MR. OUIMET BY GROWING THE SCHOLARSHIP FUND HE LOVED SO DEARLY.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $67.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders71 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

55.10%of revenue went to mission work67.4% of expenses · Program services

20.25%of revenue went to fundraising24.8% of expenses

$81.69spent for every $100 of revenueRevenue covered expenses this year.

6.35%of revenue went to management and office costs7.8% of expenses

$5.77in assets for every $1 spent this yearSome assets cannot be spent right away.

83.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $241,002 for MR COLIN R MCGUIRE (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$7,070,052

Mission workProgram services$3,895,26155.10% of revenue67.4% of expenses

ManagementOffice and general costs$448,8326.35% of revenue7.8% of expenses

FundraisingAsking for donations$1,431,38620.25% of revenue24.8% of expenses

Revenue left after expensesReported annual surplus$1,294,57318.31% of revenueShown in gray on the chart

Total expenses$5,775,47981.69% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 67.4% mission · 7.8% management · 24.8% fundraisingTotal expenses: 81.69% of revenue

2023Expense mix: 74.8% mission · 9.7% management · 15.5% fundraisingTotal expenses: 82.13% of revenue

2022Expense mix: 73.6% mission · 8.5% management · 17.9% fundraisingTotal expenses: 87.09% of revenue

2021Expense mix: 70.7% mission · 8.5% management · 20.8% fundraisingTotal expenses: 71.74% of revenue

2020Expense mix: 71.7% mission · 8.2% management · 20.1% fundraisingTotal expenses: 75.64% of revenue

2019Expense mix: 72.8% mission · 11.3% management · 15.9% fundraisingTotal expenses: 70.54% of revenue

2018Expense mix: 74.3% mission · 10.1% management · 15.5% fundraisingTotal expenses: 82.36% of revenue

2017Expense mix: 71.3% mission · 11.5% management · 17.1% fundraisingTotal expenses: 80.24% of revenue

Money in and money out

Revenue$7,070,052

Expenses$5,775,479

Annual surplus $1,294,573 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$3,895,261 · 67.4% of expenses

Management and office costs$448,832 · 7.8% of expenses

Fundraising$1,431,386 · 24.8% of expenses

See all reported dollar amounts

Revenue$7,070,052

Expenses$5,775,479

Assets$33,333,314

Income$11,881,363

Contributions$5,864,813

Mission work (program services)$3,895,261

Fundraising$1,431,386

Management and general$448,832

Stocks and bonds$31,319,921

Accounting fees$70,700

Investing fees$169,207

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

MR COLIN R MCGUIREEXECUTIVE DIRECTOR · 40 hrs/week $241,002Base $199,787 · Other $41,215

MR JEFFREY JAMES MURPHYSR. DIRECTOR, OPERATIONS · 40 hrs/week $133,915Base $128,764 · Other $5,151

MS MICHELLE ANDREA EDWARDSSR. DIR., SCHOLARSHIPS & DATA MGMT. · 40 hrs/week $126,948Base $114,506 · Other $12,442

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (71)

MR COLIN R MCGUIREEXECUTIVE DIRECTOR

MR JEFFREY JAMES MURPHYSR. DIRECTOR, OPERATIONS

MS MICHELLE ANDREA EDWARDSSR. DIR., SCHOLARSHIPS & DATA MGMT.

MR PHILIP HOLDENDIRECTOR

MR SEAN RUSHDIRECTOR

MR SCOTT J ADLERDIRECTOR, EXECUTIVE COMMITTEE

MR SCOTT BAKERDIRECTOR, EX-OFFICIO

MR RYAN CONNOLLYDIRECTOR

MR ROB D GOODRICHDIRECTOR

MR RICHARD M MYNAHAN JRDIRECTOR

MR RICHARD F CONNOLLY JRDIRECTOR, EXECUTIVE COMMITTEE

MR RAYMOND F HAMEL JRDIRECTOR (UNTIL 10/2024)

MR STEPHEN C DEMIRJIANDIRECTOR

MR PAUL BOUDREAUDIRECTOR

MR PATRICK J SCANNELLDIRECTOR

MR PATRICK A FISCHOEDERDIRECTOR

MR NATHAN H INGRAMDIRECTOR

MR MICHAEL S WALKERDIRECTOR

MR MICHAEL H DOUVADJIANDIRECTOR

MR MARTIN F CONNORS JRDIRECTOR (UNTIL 10/2024)

MR WILLIAM L HEALY MDIMMEDIATE PAST PRESIDENT, EXECUTIVE COMMITTEE

MS STEPHANIE WEIMER GREANEYDIRECTOR

MS MEGAN T BEARCEDIRECTOR, EX-OFFICIO

MS MARIE E CHALMERSDIRECTOR, EXECUTIVE COMMITTEE

MS JUDY P FRODIGH2ND VP, EXECUTIVE COMMITTEE

MS JENNIFER MISIASZEKDIRECTOR

MS HOLLY MCGRATHDIRECTOR

MS CAITLIN CAVANAUGHDIRECTOR

MS ALISON WALSHEDIRECTOR

MR SEAN P RIORDANDIRECTOR

MR WILLIAM D KELLEHERDIRECTOR (UNTIL 10/2024)

MR TODD H WETZELDIRECTOR

MR THOMAS MARTIN JRDIRECTOR, EXECUTIVE COMMITTEE

MR THOMAS F BAGLEYDIRECTOR

MR TERRENCE G KENNEDYDIRECTOR

MR STEPHEN D BROOKCLERK & COUNSEL, EXECUTIVE COMMITTEE

MR MARK LUNDDIRECTOR

MR DAVID FREMDIRECTOR, EX-OFFICIO

MR GREGORY J GAILIUSDIRECTOR, EXECUTIVE COMMITTEE

MR ERIC RICHARDSONDIRECTOR, EX-OFFICIO

MR EDUARDO E CORDEIRODIRECTOR (UNTIL 10/2024)

MR DUNCAN GRATTONPRESIDENT, EXECUTIVE COMMITTEE

MR DUFFY BRENTDIRECTOR

MR DONALD J KILBRIDEDIRECTOR

MR DAVID F WILSONDIRECTOR

MR DAVID A BAMELDIRECTOR

MR GREGORY L CINCOTTADIRECTOR

MR DANIEL MAGALETTADIRECTOR

MR CHRISTOPHER L RUMULDIRECTOR

MR CHIP JOHNSONDIRECTOR, EX-OFFICIO

MR CHARLES H DIGRANDEDIRECTOR

MR BRIAN JOHNSONDIRECTOR

MR BO KIMYACHIDIRECTOR

MR ANDREW J MINGLEDIRECTOR

MR JOHN F DOLAN IIICLUB RELATIONS CHAIR, EXECUTIVE COMMITTEE

MR ANDREW HENDERSON JRDIRECTOR

MR KEVIN J MACLAUGHLAN1ST VP, EXECUTIVE COMMITTEE

MR JOSH BELINSKYDIRECTOR (UNTIL 10/2024)

MR JOSEPH R NOLAN JRDIRECTOR

MR JOSEPH E MAHONEY JRDIRECTOR

MR JOSEPH E ONSTOTTDIRECTOR

MR JOHN R MCKENNADIRECTOR

MR JOHN F GALLAGHER IIIDIRECTOR

MR MARK OHANIANDIRECTOR

MR JOHN WATTSDIRECTOR

MR JOHN AGOSTINOTREASURER, EXECUTIVE COMMITTEE

MR JEFFFREY HOLLANDDEV. COMMITTEE CHAIR, EXECUTIVE COMMITTEE

MR JASON D DEVITODIRECTOR

MR JAMES W MORIARTYDIRECTOR

MR JAMES BLUE IIDIRECTOR

MR JAMES TEDESCODIRECTOR, EX-OFFICIO

About this charity

Recognized since: January 1953
Location: 300 ARNOLD PALMER BLVD, NORTON, MA 02766-1365
County: Bristol
In care of: DUNCAN GRATTON
Primary officer: DUNCAN GRATTON, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Phone(774) 430-9090 Officer phone(774) 430-9092

Filing and classification

Latest tax year: 2024
Tax period began: April 1, 2024
Return type: 990
Tax preparer: AAFCPAS INC
NTEE classification: Education (B820)