Form 990 for tax year 2025
Filed by THE FRANCIS OUIMET SCHOLARSHIP FUND INC.
Totals
- Total revenue
- $7,842,233
- Total expenses
- $5,994,540
- Contributions and grants received
- $6,785,938
- Grants paid
- $3,672,097
- Program service revenue
- $0
- Investment income
- $1,388,446
- Other revenue
- -$332,151
- Total assets, end of year
- $36,983,896
- Total liabilities, end of year
- $1,103,016
- Net assets or fund balances, end of year
- $35,880,880
- Program services expenses (Part IX)
- $4,232,837
- Management and general expenses
- $540,354
- Fundraising expenses
- $1,221,349
- Program service expenses (Part III)
- $4,232,837
Program services were 70.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$1,972,280
-
1f · All other contributions, gifts and grants
$4,813,658
-
1g · Noncash contributions included above
$354,061
-
3 · Investment income
total $709,692 · excluded $709,692
-
7a · Gross sales of assets other than inventory
securities $6,616,812
-
7b · Less cost or other basis and sales expenses
securities $5,938,058
-
7c · Gain or loss
securities $678,754
-
7d · Net gain or loss
total $678,754 · excluded $678,754
-
8a · Fundraising events: gross income
$457,281
-
8a · Fundraising events: contributions included on line 1c
$1,972,280
-
8b · Fundraising events: direct expenses
$789,432
-
8c · Net income from fundraising events
total -$332,151 · excluded -$332,151
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $3,672,097 · program services $3,672,097
-
5 · Compensation of officers, directors and key employees
total $252,673 · program services $106,123 · management and general $37,901 · fundraising $108,649
-
7 · Other salaries and wages
total $899,312 · program services $164,797 · management and general $99,462 · fundraising $635,053
-
8 · Pension plan contributions
total $29,114 · program services $5,237 · management and general $3,203 · fundraising $20,674
-
9 · Other employee benefits
total $210,651 · program services $40,919 · management and general $23,682 · fundraising $146,050
-
10 · Payroll taxes
total $97,706 · program services $22,259 · management and general $11,531 · fundraising $63,916
-
11c · Fees: accounting
total $42,484 · program services $9,270 · management and general $5,076 · fundraising $28,138
-
11f · Fees: investment management
total $157,149 · management and general $157,149
-
11g · Fees: other
total $530 · program services $530
-
13 · Office expenses
total $252,271 · program services $58,926 · management and general $43,269 · fundraising $150,076
-
22 · Depreciation, depletion and amortization
total $36,457 · program services $19,016 · management and general $2,666 · fundraising $14,775
-
23 · Insurance
total $14,499 · program services $3,303 · management and general $1,711 · fundraising $9,485
-
24a · Other expenses: FUNDRAISING EVENTS & AL
total $240,298 · program services $89,486 · management and general $150,812
-
24b · Other expenses: CLUB RELATIONS
total $89,299 · program services $40,874 · management and general $3,892 · fundraising $44,533
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $90,685 · end of year $99,867
-
2 · Savings and temporary cash investments
beginning of year $726,363 · end of year $2,213,243
-
3 · Pledges and grants receivable
beginning of year $116,482 · end of year $196,760
-
4 · Accounts receivable
beginning of year $96,306 · end of year $117,362
-
9 · Prepaid expenses and deferred charges
beginning of year $635,056 · end of year $463,155
-
10a · Land, buildings and equipment: cost or other basis
$426,698
-
10b · Land, buildings and equipment: accumulated depreciation
$355,896
-
10c · Land, buildings and equipment, net
beginning of year $63,313 · end of year $70,802
-
11 · Investments: publicly traded securities
beginning of year $31,319,921 · end of year $33,575,972
-
15 · Other assets
beginning of year $285,188 · end of year $246,735
-
17 · Accounts payable and accrued expenses
beginning of year $302,516 · end of year $285,902
-
19 · Deferred revenue
beginning of year $1,192,542 · end of year $570,379
-
25 · Other liabilities
beginning of year $285,188 · end of year $246,735
-
27 · Net assets without donor restrictions
beginning of year $5,437,280 · end of year $5,455,818
-
28 · Net assets with donor restrictions
beginning of year $26,115,788 · end of year $30,425,062
Mission and programs · 2025
Mission
Withheld by Nonprofiteer: this text may name a private individual.
Activities or mission (Part I)
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.
-
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
Expenses $4,232,837 · Grants $3,672,097
As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.
Listed in Part VII
-
Mr Colin R McGuireMR COLIN R MCGUIRE
EXECUTIVE DIRECTOR
- Total calculated
- $241,276
- From this org
- $197,250
- From related orgs
- $0
- Other
- $44,026
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $157,250
- Bonus
- $40,000
- Other
- $0
- Deferred
- $7,236
- Nontaxable benefits
- $36,790
- Filer's total
- $241,276
-
Mr Kevin J MaclaughlanMR KEVIN J MACLAUGHLAN
PRESIDENT, EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ms Judy P FrodighMS JUDY P FRODIGH
1ST VP, EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr John F Dolan IIIMR JOHN F DOLAN III
2ND VP, CLUB RELATIONS CHAIR, EXEC. COMM.
- Total calculated
- $0
- Hours/week
- 1
-
Mr John C AgostinoMR JOHN C AGOSTINO
TREASURER, EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Steve BrookMR STEVE BROOK
CLERK & COUNSEL, EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Scott J AdlerMR SCOTT J ADLER
DIRECTOR, EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Thomas F BagleyMR THOMAS F BAGLEY
DIRECTOR, EXECUTIVE COMMITTE
- Total calculated
- $0
- Hours/week
- 1
-
Ms Marie E ChalmersMS MARIE E CHALMERS
DIRECTOR, SCHOLARSHIP CHAIR, EXEC. COMM.
- Total calculated
- $0
- Hours/week
- 1
-
Mr Richard F ConnollyMR RICHARD F CONNOLLY
DIRECTOR, EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Gregory J GailiusMR GREGORY J GAILIUS
DIRECTOR, EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr J Duncan GrattonMR J DUNCAN GRATTON
IMMEDIATE PAST PRESIDENT, EXEC. COMM.
- Total calculated
- $0
- Hours/week
- 1
-
Mr Jeffrey R HollandMR JEFFREY R HOLLAND
DEVELOPMENT COMMITTEE CHAIR, EXEC. COMM.
- Total calculated
- $0
- Hours/week
- 1
-
Mr Thomas J MartinMR THOMAS J MARTIN
DIRECTOR, EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ms Alison WalsheMS ALISON WALSHE
DIRECTOR, EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr David A BamelMR DAVID A BAMEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr James D BlueMR JAMES D BLUE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Paul D BoudreauMR PAUL D BOUDREAU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Neal CammaranoMR NEAL CAMMARANO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Ryan ConnollyMR RYAN CONNOLLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Patrick DaltonMR PATRICK DALTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Stephen C DemirjianMR STEPHEN C DEMIRJIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Jason D DevitoMR JASON D DEVITO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Charles J DigrandeMR CHARLES J DIGRANDE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Michael H DouvadjianMR MICHAEL H DOUVADJIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ms Denise EddyMS DENISE EDDY
DIRECTOR, EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
Mr Patrick A FischoederMR PATRICK A FISCHOEDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ms Joanne FlynnMS JOANNE FLYNN
DIRECTOR, EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
Mr David FremMR DAVID FREM
DIRECTOR, EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
Ms Joanne GagnonMS JOANNE GAGNON
DIRECTOR, EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
Mr John F Gallagher IIIMR JOHN F GALLAGHER III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Rob D GoodrichMR ROB D GOODRICH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ms Stephanie GreaneyMS STEPHANIE GREANEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr William L Healy MDMR WILLIAM L HEALY MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr James W Hunt IIIMR JAMES W HUNT III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Nathan H IngramMR NATHAN H INGRAM
DIRECTOR, EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
Mr Brian A JohnsonMR BRIAN A JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Terrence G KennedyMR TERRENCE G KENNEDY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Donald J KilbrideMR DONALD J KILBRIDE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Bo KimyachiMR BO KIMYACHI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Chris LindnerMR CHRIS LINDNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Mark LundMR MARK LUND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Daniel MagalettaMR DANIEL MAGALETTA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ms Holly McGrathMS HOLLY MCGRATH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Andrew J MingleMR ANDREW J MINGLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ms Jennifer MisiaszekMS JENNIFER MISIASZEK
DIRECTOR, EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
Mr James W MoriartyMR JAMES W MORIARTY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ms Corinne MunchbachMS CORINNE MUNCHBACH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Richard M Mynahan JrMR RICHARD M MYNAHAN JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Mark OhanianMR MARK OHANIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Eric RichardsonMR ERIC RICHARDSON
DIRECTOR, EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
Mr Sean P RiordanMR SEAN P RIORDAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Christopher L RumulMR CHRISTOPHER L RUMUL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Sean C RushMR SEAN C RUSH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Patrick J ScannellMR PATRICK J SCANNELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Robert ShorterMR ROBERT SHORTER
DIRECTOR, EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
Mr James TedescoMR JAMES TEDESCO
DIRECTOR, EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
Mr Michael S WalkerMR MICHAEL S WALKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr John F WattsMR JOHN F WATTS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Todd H WetzelMR TODD H WETZEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr David F WilsonMR DAVID F WILSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Michael ZmetrovichMR MICHAEL ZMETROVICH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Duffy BrentMR DUFFY BRENT
DIRECTOR (UNTIL OCTOBER 2025)
- Total calculated
- $0
- Hours/week
- 1
-
Ms Caitlin A CavanaughMS CAITLIN A CAVANAUGH
DIRECTOR (UNTIL OCTOBER 2025)
- Total calculated
- $0
- Hours/week
- 1
-
Mr Gregory L CincottaMR GREGORY L CINCOTTA
DIRECTOR (UNTIL OCTOBER 2025)
- Total calculated
- $0
- Hours/week
- 1
-
Mr Andy HendersonMR ANDY HENDERSON
DIRECTOR (UNTIL OCTOBER 2025)
- Total calculated
- $0
- Hours/week
- 1
-
Mr Philip HoldenMR PHILIP HOLDEN
DIRECTOR (UNTIL OCTOBER 2025)
- Total calculated
- $0
- Hours/week
- 1
-
Mr Joseph E Mahoney JrMR JOSEPH E MAHONEY JR
DIRECTOR (UNTIL OCTOBER 2025)
- Total calculated
- $0
- Hours/week
- 1
-
Mr John R McKennaMR JOHN R MCKENNA
DIRECTOR (UNTIL OCTOBER 2025)
- Total calculated
- $0
- Hours/week
- 1
-
Mr Joseph R Nolan JrMR JOSEPH R NOLAN JR
DIRECTOR (UNTIL OCTOBER 2025)
- Total calculated
- $0
- Hours/week
- 1
-
Mr Joseph E OnstottMR JOSEPH E ONSTOTT
DIRECTOR (UNTIL OCTOBER 2025)
- Total calculated
- $0
- Hours/week
- 1
-
Mr Jeffrey J MurphyMR JEFFREY J MURPHY
SR. DIR. OF OPERATIONS
- Total calculated
- $142,190
- From this org
- $136,721
- From related orgs
- $0
- Other
- $5,469
- Hours/week
- 40
-
Ms Michelle A EdwardsMS MICHELLE A EDWARDS
SR. DIR., SCHOLARSHIPS & DATA MGMT.
- Total calculated
- $136,770
- From this org
- $122,719
- From related orgs
- $0
- Other
- $14,051
- Hours/week
- 40
-
Ms Kellie A CostaMS KELLIE A COSTA
DIR., DEV. & DONOR RELATIONS
- Total calculated
- $150,872
- From this org
- $120,162
- From related orgs
- $0
- Other
- $30,710
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $111,162
- Bonus
- $9,000
- Other
- $0
- Deferred
- $5,063
- Nontaxable benefits
- $25,647
- Filer's total
- $150,872
-
Mr Charles T JordanMR CHARLES T JORDAN
DIRECTOR OF FINANCE
- Total calculated
- $124,714
- From this org
- $107,494
- From related orgs
- $0
- Other
- $17,220
- Hours/week
- 37.5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 7
- THE BOARD MAY AWARD DISCRETIONARY BONUSES BASED ON PERFORMANCE AND ORGANIZATIONAL RESULTS.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 21 September 2026
- IRS schema version
- 2025v4.2
- Source object
- 202632649349300943
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