THE FRANCIS OUIMET SCHOLARSHIP FUND INC

EIN: 042234126 501(c)(3) Education

NORTON, MA

Total Revenue
$7,070,052
Total Expenses
$5,775,479
Total Assets
$33,333,314
Net Assets
$31,553,068
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Financial Trends

Organization Details

Formation Year
1949
Legal Domicile
MA
Principal Officer
DUNCAN GRATTON
Phone
7744309090
Tax Period
2024-04-01 to 2025-03-31

THE FRANCIS OUIMET SCHOLARSHIP FUND INC, founded in 1949, is a community nonprofit in the Education sector that reported $7.1M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.3M, a strong 18% operating margin.

Mission

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,864,813
Program Service Revenue $0
Investment Income $1,259,703
Other Revenue $-54,464
TOTAL REVENUE $7,070,052

Expense Breakdown

Grants Paid $3,518,277
Salaries & Benefits $1,369,266
Fundraising Expenses $1,431,386
Program Expenses $3,895,261
Other Expenses $887,936
TOTAL EXPENSES $5,775,479

Year-over-Year Comparison

2024 2023 Change
Revenue $7,070,052 $6,281,798 +0.1%
Expenses $5,775,479 $5,159,101 +0.1%
Net Income $1,294,573 $1,122,697 +0.2%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
57
Independent Members
56
Employees
13
Volunteers
102

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$241,002
Total Directors
69
$241,002
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MR COLIN R MCGUIRE EXECUTIVE DIRECTOR 40.00
Officer Director
$199,787 $41,215 $241,002
MR DUNCAN GRATTON PRESIDENT, EXECUTIVE COMMITTEE 1.00
Officer Director
$0 $0 $0
MR KEVIN J MACLAUGHLAN 1ST VP, EXECUTIVE COMMITTEE 1.00
Officer Director
$0 $0 $0
MR JOHN AGOSTINO TREASURER, EXECUTIVE COMMITTEE 1.00
Officer Director
$0 $0 $0
MR STEPHEN D BROOK CLERK & COUNSEL, EXECUTIVE COMMITTEE 1.00
Officer Director
$0 $0 $0
MS JUDY P FRODIGH 2ND VP, EXECUTIVE COMMITTEE 1.00
Officer Director
$0 $0 $0
MR JOHN F DOLAN III CLUB RELATIONS CHAIR, EXECUTIVE COMMITTEE 1.00
Director
$0 $0 $0
MR GREGORY J GAILIUS DIRECTOR, EXECUTIVE COMMITTEE 1.00
Director
$0 $0 $0
MR JEFFFREY HOLLAND DEV. COMMITTEE CHAIR, EXECUTIVE COMMITTEE 1.00
Director
$0 $0 $0
MR WILLIAM L HEALY MD IMMEDIATE PAST PRESIDENT, EXECUTIVE COMMITTEE 1.00
Director
$0 $0 $0
MR CHRISTOPHER L RUMUL DIRECTOR 1.00
Director
$0 $0 $0
MR RICHARD F CONNOLLY JR DIRECTOR, EXECUTIVE COMMITTEE 1.00
Director
$0 $0 $0
MS MARIE E CHALMERS DIRECTOR, EXECUTIVE COMMITTEE 1.00
Director
$0 $0 $0
MR SCOTT J ADLER DIRECTOR, EXECUTIVE COMMITTEE 1.00
Director
$0 $0 $0
MR DAVID A BAMEL DIRECTOR 1.00
Director
$0 $0 $0
MR JOSH BELINSKY DIRECTOR (UNTIL 10/2024) 1.00
Director
$0 $0 $0
MR JAMES BLUE II DIRECTOR 1.00
Director
$0 $0 $0
MR PAUL BOUDREAU DIRECTOR 1.00
Director
$0 $0 $0
MR DUFFY BRENT DIRECTOR 1.00
Director
$0 $0 $0
MS CAITLIN CAVANAUGH DIRECTOR 1.00
Director
$0 $0 $0
MR RYAN CONNOLLY DIRECTOR 1.00
Director
$0 $0 $0
MR MARTIN F CONNORS JR DIRECTOR (UNTIL 10/2024) 1.00
Director
$0 $0 $0
MR EDUARDO E CORDEIRO DIRECTOR (UNTIL 10/2024) 1.00
Director
$0 $0 $0
MR STEPHEN C DEMIRJIAN DIRECTOR 1.00
Director
$0 $0 $0
MR JASON D DEVITO DIRECTOR 1.00
Director
$0 $0 $0
MR MICHAEL H DOUVADJIAN DIRECTOR 1.00
Director
$0 $0 $0
MR PATRICK A FISCHOEDER DIRECTOR 1.00
Director
$0 $0 $0
MR JOHN F GALLAGHER III DIRECTOR 1.00
Director
$0 $0 $0
MS STEPHANIE WEIMER GREANEY DIRECTOR 1.00
Director
$0 $0 $0
MR RAYMOND F HAMEL JR DIRECTOR (UNTIL 10/2024) 1.00
Director
$0 $0 $0
MR ANDREW HENDERSON JR DIRECTOR 1.00
Director
$0 $0 $0
MR PHILIP HOLDEN DIRECTOR 1.00
Director
$0 $0 $0
MR BRIAN JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
MR WILLIAM D KELLEHER DIRECTOR (UNTIL 10/2024) 1.00
Director
$0 $0 $0
MR TERRENCE G KENNEDY DIRECTOR 1.00
Director
$0 $0 $0
MR DONALD J KILBRIDE DIRECTOR 1.00
Director
$0 $0 $0
MR BO KIMYACHI DIRECTOR 1.00
Director
$0 $0 $0
MR MARK LUND DIRECTOR 1.00
Director
$0 $0 $0
MR DANIEL MAGALETTA DIRECTOR 1.00
Director
$0 $0 $0
MR JOSEPH E MAHONEY JR DIRECTOR 1.00
Director
$0 $0 $0
MR THOMAS MARTIN JR DIRECTOR, EXECUTIVE COMMITTEE 1.00
Director
$0 $0 $0
MS HOLLY MCGRATH DIRECTOR 1.00
Director
$0 $0 $0
MR JOHN R MCKENNA DIRECTOR 1.00
Director
$0 $0 $0
MR JOSEPH R NOLAN JR DIRECTOR 1.00
Director
$0 $0 $0
MR JOSEPH E ONSTOTT DIRECTOR 1.00
Director
$0 $0 $0
MR SEAN RUSH DIRECTOR 1.00
Director
$0 $0 $0
MR SEAN P RIORDAN DIRECTOR 1.00
Director
$0 $0 $0
MR PATRICK J SCANNELL DIRECTOR 1.00
Director
$0 $0 $0
MR MICHAEL S WALKER DIRECTOR 1.00
Director
$0 $0 $0
MR JOHN WATTS DIRECTOR 1.00
Director
$0 $0 $0
MR TODD H WETZEL DIRECTOR 1.00
Director
$0 $0 $0
MR DAVID F WILSON DIRECTOR 1.00
Director
$0 $0 $0
MR THOMAS F BAGLEY DIRECTOR 1.00
Director
$0 $0 $0
MR GREGORY L CINCOTTA DIRECTOR 1.00
Director
$0 $0 $0
MR ANDREW J MINGLE DIRECTOR 1.00
Director
$0 $0 $0
MS JENNIFER MISIASZEK DIRECTOR 1.00
Director
$0 $0 $0
MS ALISON WALSHE DIRECTOR 1.00
Director
$0 $0 $0
MR CHARLES H DIGRANDE DIRECTOR 1.00
Director
$0 $0 $0
MR SCOTT BAKER DIRECTOR, EX-OFFICIO 1.00
Director
$0 $0 $0
MS MEGAN T BEARCE DIRECTOR, EX-OFFICIO 1.00
Director
$0 $0 $0
MR ROB D GOODRICH DIRECTOR 1.00
Director
$0 $0 $0
MR CHIP JOHNSON DIRECTOR, EX-OFFICIO 1.00
Director
$0 $0 $0
MR JAMES W MORIARTY DIRECTOR 1.00
Director
$0 $0 $0
MR MARK OHANIAN DIRECTOR 1.00
Director
$0 $0 $0
MR NATHAN H INGRAM DIRECTOR 1.00
Director
$0 $0 $0
MR RICHARD M MYNAHAN JR DIRECTOR 1.00
Director
$0 $0 $0
MR DAVID FREM DIRECTOR, EX-OFFICIO 1.00
Director
$0 $0 $0
MR ERIC RICHARDSON DIRECTOR, EX-OFFICIO 1.00
Director
$0 $0 $0
MR JAMES TEDESCO DIRECTOR, EX-OFFICIO 1.00
Director
$0 $0 $0
MR JEFFREY JAMES MURPHY SR. DIRECTOR, OPERATIONS 40.00
Highest
$128,764 $5,151 $133,915
MS MICHELLE ANDREA EDWARDS SR. DIR., SCHOLARSHIPS & DATA MGMT. 40.00
Highest
$114,506 $12,442 $126,948
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $7,070,052 $5,775,479 $33,333,314 $1,294,573
2024 $6,281,798 $5,159,101 $30,635,675 $1,122,697
2023 $5,357,045 $4,665,620 $26,582,968 $691,425
2022 $6,126,185 $4,394,780 $27,290,373 $1,731,405
2021 $5,135,597 $3,884,358 $24,948,964 $1,251,239
2020 $5,730,017 $4,041,712 $18,792,449 $1,688,305
2019 $4,334,154 $3,569,477 $19,709,687 $764,677
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