Civic Intelligence

The Francis Ouimet Scholarship Fund Inc

EIN 04-2234126 • 501(c)3 • Norton, MA

Profile

The francis ouimet scholarship fund is committed to providing needbased scholarship aid to students who have demonstrated a strong workethic by having completed at least two years of service to golf. Theouimet fund rewards accomplishment through the competitive, renewable

300 Arnold Palmer BoulevardNorton, MA 02766

ouimet.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

27th percentile

0.05x

Higher debt load relative to assets than 27% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

48th percentile

0.25x

Higher debt load relative to revenue than 48% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Net Margin

74th percentile

18%

Higher net margin than 74% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

45th percentile

$241,002

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Asset Growth

62nd percentile

8.8%

Faster asset growth than 62% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Revenue Growth

60th percentile

13%

Faster revenue growth than 60% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$33,333,314

Up $2,697,639 (+8.8%) from 2024

Liabilities

Up

$1,780,246

Up $976,888 (+122%) from 2024

Net Assets

Up

$31,553,068

Up $1,720,751 (+5.8%) from 2024

Operations
Liabilities / Revenue48th percentileNet Margin74th percentile

Revenue

Up

$7,070,052

Up $788,254 (+13%) from 2024

Expenses

Up

$5,775,479

Up $616,378 (+12%) from 2024

Net Income

Up

$1,294,573

Up $171,876 (+15%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth62nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2011: $8,287,166Liabilities 2011: $331,182Net Assets 2011: $7,955,9842011Assets 2012: $8,391,181Liabilities 2012: $511,623Net Assets 2012: $7,879,5582012Assets 2013: $9,828,988Liabilities 2013: $719,290Net Assets 2013: $9,109,6982013Assets 2014: $10,959,669Liabilities 2014: $273,946Net Assets 2014: $10,685,7232014Assets 2015: $12,559,829Liabilities 2015: $520,157Net Assets 2015: $12,039,6722015Assets 2016: $12,615,956Liabilities 2016: $413,668Net Assets 2016: $12,202,2882016Assets 2017: $16,973,171Liabilities 2017: $261,234Net Assets 2017: $16,711,9372017Assets 2018: $18,303,533Liabilities 2018: $349,388Net Assets 2018: $17,954,1452018Assets 2019: $19,709,687Liabilities 2019: $609,080Net Assets 2019: $19,100,6072019Assets 2020: $18,792,449Liabilities 2020: $530,607Net Assets 2020: $18,261,8422020Assets 2021: $24,948,964Liabilities 2021: $175,303Net Assets 2021: $24,773,6612021Assets 2022: $27,290,373Liabilities 2022: $221,780Net Assets 2022: $27,068,5932022Assets 2023: $26,582,968Liabilities 2023: $1,058,865Net Assets 2023: $25,524,1032023Assets 2024: $30,635,675Liabilities 2024: $803,358Net Assets 2024: $29,832,3172024Assets 2025: $33,333,314Liabilities 2025: $1,780,246Net Assets 2025: $31,553,0682025

Highlighted filing

2025

Assets$33,333,314
Liabilities$1,780,246
Net Assets$31,553,068
Open 2025 Filing

Operations Trend

Revenue Growth60th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0Expenses 2011: $2,267,7722011Revenue 2012: $2,412,799Expenses 2012: $2,260,007Net Income 2012: $152,7922012Revenue 2013: $3,268,049Expenses 2013: $2,524,937Net Income 2013: $743,1122013Revenue 2014: $5,262,168Expenses 2014: $2,849,316Net Income 2014: $2,412,8522014Revenue 2015: $3,855,674Expenses 2015: $2,767,038Net Income 2015: $1,088,6362015Revenue 2016: $3,628,526Expenses 2016: $2,940,004Net Income 2016: $688,5222016Revenue 2017: $6,989,698Expenses 2017: $3,167,678Net Income 2017: $3,822,0202017Revenue 2018: $4,144,301Expenses 2018: $3,325,480Net Income 2018: $818,8212018Revenue 2019: $4,334,154Expenses 2019: $3,569,477Net Income 2019: $764,6772019Revenue 2020: $5,730,017Expenses 2020: $4,041,712Net Income 2020: $1,688,3052020Revenue 2021: $5,135,597Expenses 2021: $3,884,358Net Income 2021: $1,251,2392021Revenue 2022: $6,126,185Expenses 2022: $4,394,780Net Income 2022: $1,731,4052022Revenue 2023: $5,357,045Expenses 2023: $4,665,620Net Income 2023: $691,4252023Revenue 2024: $6,281,798Expenses 2024: $5,159,101Net Income 2024: $1,122,6972024Revenue 2025: $7,070,052Expenses 2025: $5,775,479Net Income 2025: $1,294,5732025

Highlighted filing

2025

Revenue$7,070,052
Expenses$5,775,479
Net Income$1,294,573
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$33,333,314
Liabilities
$1,780,246
Net assets
$31,553,068
Revenue
$7,070,052
Expenses
$5,775,479
Net income
$1,294,573
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.3$1.78$31.6$7.07$5.78$1.29
2024Detailed filing. Detailed filing data is available for this year.$30.6$0.80$29.8$6.28$5.16$1.12
2023Detailed filing. Detailed filing data is available for this year.$26.6$1.06$25.5$5.36$4.67$0.69
2022Detailed filing. Detailed filing data is available for this year.$27.3$0.22$27.1$6.13$4.39$1.73
2021Detailed filing. Detailed filing data is available for this year.$24.9$0.18$24.8$5.14$3.88$1.25
2020Detailed filing. Detailed filing data is available for this year.$18.8$0.53$18.3$5.73$4.04$1.69
2019Detailed filing. Detailed filing data is available for this year.$19.7$0.61$19.1$4.33$3.57$0.76
2018Detailed filing. Detailed filing data is available for this year.$18.3$0.35$18.0$4.14$3.33$0.82
2017Detailed filing. Detailed filing data is available for this year.$17.0$0.26$16.7$6.99$3.17$3.82
2016Detailed filing. Detailed filing data is available for this year.$12.6$0.41$12.2$3.63$2.94$0.69
2015Detailed filing. Detailed filing data is available for this year.$12.6$0.52$12.0$3.86$2.77$1.09
2014Detailed filing. Detailed filing data is available for this year.$11.0$0.27$10.7$5.26$2.85$2.41
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.83$0.72$9.11$3.27$2.52$0.74
2012Summary only. Only limited summary data is available for this year.$8.39$0.51$7.88$2.41$2.26$0.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.29$0.33$7.96$2.27
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Apr 1, 2024 to Mar 31, 2025
Signed
Sep 29, 2025
Return Version
2024v5.2
Gross Receipts
$11,881,363
Mission and Program Overview

Mission

The francis ouimet scholarship fund is committed to providing need based scholarship aid to students who have demonstrated a strong work ethic by having completed at least two years of service to golf. The ouimet fund rewards accomplishment through the competitive, renewable scholarships the fund is dedicated to providing the golfing community with an opportunity to give back to golf and society by assisting youth in furthering their education. The fund also seeks to preserve the history of francis ouimet's contributions to american golf.

The ouimet fund's 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$28,698,002$31,319,921▲ $2,621,919
Savings and Temporary Cash Investments$399,145$726,363▲ $327,218
Prepaid Expenses and Deferred Charges$108,705$635,056▲ $526,351
Pledges and Grants Receivable$147,709$116,482▼ $31,227
Accounts Receivable$271,675$96,306▼ $175,369
Cash and Non-Interest-Bearing Accounts$653,570$90,685▼ $562,885
Land, Buildings, and Equipment, Net$33,229$63,313▲ $30,084
Total Assets$30,635,675$33,333,314▲ $2,697,639
Other Assets Total$323,640$285,188▼ $38,452
Liabilities
Deferred Revenue$20,018$1,192,542▲ $1,172,524
Accounts Payable and Accrued Expenses$459,700$302,516▼ $157,184
Other Liabilities$323,640$285,188▼ $38,452
Total Liabilities$803,358$1,780,246▲ $976,888
Net Assets / Fund Balance
Net Assets With Donor Restrictions$24,251,718$26,115,788▲ $1,864,070
Net Assets Without Donor Restrictions$5,580,599$5,437,280▼ $143,319
Total Net Assets Fund Balance$29,832,317$31,553,068▲ $1,720,751
Total Liabilities and Net Assets / Fund Balance$30,635,675$33,333,314▲ $2,697,639

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$63,313$319,439$382,752

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2025$24,086,069$1,951,659▲ $1,411,591-$25,786,405
2024$20,337,221$1,223,844▲ $3,877,584-$24,086,069
2023$22,203,673$1,032,090▼ $1,449,937-$20,337,221
2022$20,478,212$1,816,130▲ $1,160,910-$22,203,673
2021$14,929,128$1,061,427▲ $5,464,807-$20,478,212
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mr Colin R McguireExecutive DirectorFT$153,787$87,215$241,002
Mr Jeffrey James MurphySr. Director, OperationsFT$128,764$5,151$133,915
Ms Michelle Andrea EdwardsSr. Dir., Scholarships & Data Mgmt.FT$114,506$12,442$126,948

Board Members and Trustees

NameTitle
Mr John F Dolan IiiClub Relations Chair, Executive Committee
Mr Jefffrey HollandDev. Committee Chair, Executive Committee
Mr William L Healy MdImmediate Past President, Executive Committee
Mr Duncan GrattonPresident, Executive Committee
Mr Andrew Henderson JrDirector
Mr Andrew J MingleDirector
Mr Bo KimyachiDirector
Mr Brian JohnsonDirector
Mr Charles H DigrandeDirector
Mr Christopher L RumulDirector
Mr Daniel MagalettaDirector
Mr David F WilsonDirector
Mr David a BamelDirector
Mr Donald J KilbrideDirector
Mr Duffy BrentDirector
Mr Gregory L CincottaDirector
Mr James Blue IiDirector
Mr James W MoriartyDirector
Mr Jason D DevitoDirector
Mr John F Gallagher IiiDirector
Mr John R MckennaDirector
Mr John WattsDirector
Mr Joseph E Mahoney JrDirector
Mr Joseph E OnstottDirector
Mr Joseph R Nolan JrDirector
Mr Mark LundDirector
Mr Mark OhanianDirector
Mr Michael H DouvadjianDirector
Mr Michael S WalkerDirector
Mr Nathan H IngramDirector
Mr Patrick J ScannellDirector
Mr Patrick a FischoederDirector
Mr Paul BoudreauDirector
Mr Philip HoldenDirector
Mr Richard M Mynahan JrDirector
Mr Rob D GoodrichDirector
Mr Ryan ConnollyDirector
Mr Sean P RiordanDirector
Mr Sean RushDirector
Mr Stephen C DemirjianDirector
Mr Terrence G KennedyDirector
Mr Thomas F BagleyDirector
Mr Todd H WetzelDirector
Ms Alison WalsheDirector
Ms Caitlin CavanaughDirector
Ms Holly McgrathDirector
Ms Jennifer MisiaszekDirector
Ms Stephanie Weimer GreaneyDirector
Mr Eduardo E CordeiroDirector (until 10/2024)
Mr Josh BelinskyDirector (until 10/2024)
Mr Martin F Connors JrDirector (until 10/2024)
Mr Raymond F Hamel JrDirector (until 10/2024)
Mr William D KelleherDirector (until 10/2024)
Mr Chip JohnsonDirector, Ex-officio
Mr David FremDirector, Ex-officio
Mr Eric RichardsonDirector, Ex-officio
Mr James TedescoDirector, Ex-officio
Mr Scott BakerDirector, Ex-officio
Ms Megan T BearceDirector, Ex-officio
Mr Gregory J GailiusDirector, Executive Committee
Mr Richard F Connolly JrDirector, Executive Committee
Mr Scott J AdlerDirector, Executive Committee
Mr Thomas Martin JrDirector, Executive Committee
Ms Marie E ChalmersDirector, Executive Committee
Mr Kevin J Maclaughlan1st VP, Executive Committee
Ms Judy P Frodigh2nd VP, Executive Committee
Mr Stephen D BrookClerk & Counsel, Executive Committee
Mr John AgostinoTreasurer, Executive Committee

Highest Paid Contractors

ContractorServicesLocationCompensation
Ubs Financial Services INCInvestment Advisors200 CLARENDON ST 24TH FL, Boston, MA 02116$161,639
Cramer Productions INCAudio-visual Services425 UNIVERSITY AVENUE, Norwood, MA 02062$150,674
Revenue and Support

Revenue Composition

Contributions and Grants
$5,864,813
Program Service Revenue
$0
Investment Income
$1,259,703
Other Revenue
$-54,464
All Other Contributions
$5,262,182
Change in Net Assets
$1,294,573

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table15$34,500Fair Market Value (FMV)
Total Noncash Contributions15$34,500-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,972,724
Revenue Not Reported on Financial Statements
$97,328
Revenue Not Reported on Form 990
$426,178
Other Revenue Adjustments
$-71,879
Total Revenue per Audited Statements
$7,398,902
Total Revenue per Form 990
$7,070,052
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,518,277
Total Fundraising Expense$1,431,386
Salaries, Compensation, and Employee Benefits$1,369,266
Other Expenses$887,936
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$3,518,277--$3,518,277
Other Salaries and Wages$119,808$93,005$597,723$810,536
Other Employee Benefits$47,336$31,916$190,454$269,706
Current Officers, Directors, Trustees, and Key Employees$102,524$36,616$104,966$244,106
Office Expenses$35,954$23,768$128,350$188,072
Fees for Service Investment Mgmnt Fees-$169,207-$169,207
Fees for Services Accounting$13,677$8,709$48,314$70,700
Other Expenses$9,992$3,714$46,183$59,889
Payroll Taxes$6,094$3,667$20,346$30,107
Depreciation Depletion$4,203$2,530$13,031$19,764
Pension Plan Contributions$1,375$1,593$11,843$14,811
Insurance$2,617$1,575$8,739$12,931
Fees for Services Other$793--$793
Total Functional Expenses$3,895,261$448,832$1,431,386$5,775,479

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$5,775,479
Total Expenses per Audited Statements$5,678,151
Expenses per Audited Statements$5,606,272
Expenses Not Reported on Financial Statements$169,207
Expenses Not Reported on Form 990$71,879
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$71,879
Fundraising Gross Income$17,415
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Sprint$620,046$17,415$47,768$-30,353
Total Events$620,046$17,415$71,879$-54,464
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Owner of Cramer Productions, Inc. Sits on Ouimet Board of Directors.Audio/visual Services at the Annual BanquetNo$125,682
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Obligations$285,188
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“A draft of the 990 is provided to each member of the board of directors and is then discussed at a board meeting prior to approval and signature by the organization.”

Form 990, Part VI, Section B, Line 12C

“The organization regularly and consistently monitors and enforces compliance with the written conflict of interest policy. The board of directors performs regular inquiries and requires written statements disclosing interests that could give rise to conflicts.”

Form 990, Part VI, Section B, Line 15

“The process for determining compensation of the organization's top management and officers included a review and approval by the board of directors compensation committee.”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflict of interest policy, and financial statements are available upon request to the organization's office. Instructions are posted on the organization's website.”

Filing and Contact Details

Filer

Filer Name
The Francis Ouimet Scholarship
EIN
04-2234126
Phone
7744309090
Address
300 ARNOLD PALMER BOULEVARD, NORTON, MA 02766

Signing Officer

Name
Duncan Gratton
Title
President
Phone
7744309092
Signed
2025-09-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Duncan Gratton
Formed
1949
Legal Domicile
Ma
Voting Board Members
57
Independent Board Members
56
Employees
13
Volunteers
102

Preparer

Firm
Aafcpas Inc
Address
50 WASHINGTON STREET, WESTBOROUGH, MA 01581
Preparer
Thomas F Muldoon CPA
Phone
5083669100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“This process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The ouimet fund follows the accounting for uncertainty in income taxes standard, which requires the ouimet fund to report uncertain tax positions, related interest and penalties, and to adjust its assets and liabilities related to unrecognized tax benefits and accrued interest and penalties accordingly. As of march 31, 2025 the ouimet fund determined that there are no material unrecognized tax benefits to report. The ouimet fund does not expect that the amounts of unrecognized tax benefits will change significantly within the next twelve months.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Fundraising expenses reported on the statement of activities -71,879.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses reported on the statement of activities 71,879.”

Raw XML AppendixShowing 400 of 996 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/AccountsReceivableGrp/EOYAmt096306
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE OUIMET FUND'S 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.
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