The Francis Ouimet Scholarship Fund Inc

Nonprofit profile at a glance

EIN
042234126
IRS 990 coverage
2010–2025
Forms available
Form 990 2025
Location
Norton, MA, USA
Phone
7744309090
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Reported finances

Revenue
$7,842,233
Expenses
$5,994,540
Assets
$36,983,896
Liabilities
$1,103,016

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

75 people listed

Executive titles in this filing

  • MR COLIN R MCGUIRE (EXECUTIVE DIRECTOR)
  • MR KEVIN J MACLAUGHLAN (PRESIDENT, EXECUTIVE COMMITTEE)
  • MR J DUNCAN GRATTON (IMMEDIATE PAST PRESIDENT, EXEC. COMM.)

Highest reported compensation

  • MR COLIN R MCGUIRE (EXECUTIVE DIRECTOR): $241,276 total reported compensation
  • MS KELLIE A COSTA (DIR., DEV. & DONOR RELATIONS): $150,872 total reported compensation
  • MR JEFFREY J MURPHY (SR. DIR. OF OPERATIONS): $142,190 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The ouimet fund's purpose is to help deserving young men and women, who have worked at golf courses in Massachusetts, fund their post-secondary education. We provide need-based college and trade school scholarships, which are renewable for four years, with some students receiving as much as $80,000.since 1949, the fund has awarded $57 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 3.5 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.

What it reported doing in 2025

The francis ouimet scholarship fund awards millions in need-based college and trade school scholarships each year to deserving young men and women who have worked at Massachusetts golf courses for two or more years.2025-2026 scholarship profile 317 individuals receiving financial awards (average of $10,525)218 "honorary" scholars receiving monetary "book award" ($750)159 colleges attended by scholars127 clubs represented by scholars93 female scholars80 inner-city scholarsscholars' golf employment: 48% caddies 46% pro shop 6% course superintendent

Operating model

Revenue model
Donor-supported. 91% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 87% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 61
  • Transparency & Controls: 79
  • Accountability: 99
  • Sustainability: 71
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 63%; rating input score 63
  • Program expense ratio: 70.6%; rating input score 71
  • Fundraising efficiency: $5.56 raised per $1 spent on fundraising; rating input score 17; 17th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 75th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 98.4%; rating input score 98; 27th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 23.6%; rating input score 76; 76th percentile among comparable filings
  • Total-asset coverage ratio: 6.17; rating input score 84; 84th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 67; 67th percentile among comparable filings
  • Officer compensation ratio: 13.3%; rating input score 25; 25th percentile among comparable filings

Growth

  • Program expense growth: 7.8% per year; rating input score 100; 51st percentile among comparable filings
  • Revenue growth: 5.7% per year; rating input score 100; 42nd percentile among comparable filings
  • Asset growth: 9.8% per year; rating input score 100; 57th percentile among comparable filings

Details

  • Where the money goes: 63% of revenue deployed · 70.6% of spending went to programs
  • Governance: 61 of 62 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $4.2M in reported program spending
  • Leadership: top reported pay $241K · 75 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $618K reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 15 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 17/100.
  • High — Sustainability: Officer compensation ratio scored 25/100.