2023-09-14T10:48:13-05:00 2023-03-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2022-04-01 042234126 THE FRANCIS OUIMET SCHOLARSHIP FUND INC FRAN 7744309090 300 ARNOLD PALMER BOULEVARD NORTON MA 02766 WILLIAM L HEALY PRESIDENT 7744309092 2023-09-13 1 WILLIAM HEALY XXX-XX-XXXX 1 THOMAS F MULDOON CPA P01561688 5083669100 2023-09-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z WILLIAM L HEALY 300 ARNOLD PALMER BOULEVARD NORTON MA 02766 15093220 0 X OUIMET.ORG X 1949 MA 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. 56 55 11 145 0 0 5679153 4600938 0 0 863024 804805 -415992 -48698 6126185 5357045 2840478 3129689 0 0 862914 939775 0 0 835363 691388 596156 4394780 4665620 1731405 691425 27290373 26582968 221780 1058865 27068593 25524103 X 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. 0 0 3434241 3129689 PROVIDING NEED BASED COLLEGE SCHOLARSHIPS TO GOLF CADDIES AND OTHER GOLF CLUB EMPLOYEES WHO HAVE SERVED THE GOLF COMMUNITY FOR TWO OR MORE YEARS.2022-2023 SCHOLARSHIP PROFILE:-294 INDIVIDUALS RECEIVING FINANCIAL AWARDS-144 "HONORARY" SCHOLARS RECEIVING $750 BOOK AWARD-143 COLLEGES ATTENDED BY SCHOLARS-116 CLUBS REPRESENTED BY SCHOLARS-75 WOMEN SCHOLARS 3434241 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 11 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 56 55 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X COLIN MCGUIRE 7744309090 300 ARNOLD PALMER BLVD NORTON MA 02766 MR COLIN R MCGUIRE EXECUTIVE DIRECTOR 40.00 X X 166368 0 49656 MR WILLIAM L HEALY MD PRESIDENT 1.00 X X 0 0 0 MR J DUNCAN GRATTON FIRST VICE PRESIDENT 1.00 X X 0 0 0 MR KEVIN J MACLAUGHLAN SECOND VICE PRESIDENT 1.00 X X 0 0 0 MR JOHN AGOSTINO TREASURER 1.00 X X 0 0 0 MR STEPHEN D BROOK CLERK & COUNSEL 1.00 X X 0 0 0 MR RICHARD F CONNOLLY JR DIRECTOR, EXECUTIVE COMMIT 1.00 X 0 0 0 MR JOHN DOLAN III DIRECTOR, EXECUTIVE COMMIT 1.00 X 0 0 0 MS JUDY P FRODIGH DIRECTOR, EXECUTIVE COMMIT 1.00 X 0 0 0 MR GREGORY J GAILIUS DIRECTOR, EXECUTIVE COMMIT 1.00 X 0 0 0 MR JEFFFREY HOLLAND DIRECTOR, EXECUTIVE COMMIT 1.00 X 0 0 0 MR JAMES W MORIARTY DIRECTOR, EXECUTIVE COMMIT 1.00 X 0 0 0 MR CHRISTOPHER L RUMUL DIRECTOR, EXECUTIVE COMMIT 1.00 X 0 0 0 MR SCOTT J ADLER DIRECTOR 1.00 X 0 0 0 MR DAVID A BAMEL DIRECTOR 1.00 X 0 0 0 MR HARRISON BANE DIRECTOR 1.00 X 0 0 0 MR JOSH BELINSKY DIRECTOR 1.00 X 0 0 0 MR JAMES BLUE II DIRECTOR 1.00 X 0 0 0 MR PAUL BOUDREAU DIRECTOR 1.00 X 0 0 0 MR DUFFY BRENT DIRECTOR 1.00 X 0 0 0 MS CAITLIN CAVANAUGH DIRECTOR 1.00 X 0 0 0 MS MARIE E CHALMERS DIRECTOR 1.00 X 0 0 0 MR RYAN CONNOLLY DIRECTOR 1.00 X 0 0 0 MR MARTIN F CONNORS JR DIRECTOR 1.00 X 0 0 0 MR EDUARDO E CORDEIRO DIRECTOR 1.00 X 0 0 0 MR STEPHEN C DEMIRJIAN DIRECTOR 1.00 X 0 0 0 MR JASON D DEVITO DIRECTOR 1.00 X 0 0 0 MR CHARLES L DONAHUE JR DIRECTOR (LEFT IN FY23) 1.00 X 0 0 0 MR MICHAEL H DOUVADJIAN DIRECTOR 1.00 X 0 0 0 MR PATRICK A FISCHOEDER DIRECTOR 1.00 X 0 0 0 MR JOHN F GALLAGHER III DIRECTOR 1.00 X 0 0 0 MS STEPHANIE WEIMER GREANEY DIRECTOR 1.00 X 0 0 0 MR RAYMOND F HAMEL JR DIRECTOR 1.00 X 0 0 0 P ANDREW HENDERSON JR DIRECTOR 1.00 X 0 0 0 MR PHILIP HOLDEN DIRECTOR 1.00 X 0 0 0 MR BRIAN JOHNSON DIRECTOR 1.00 X 0 0 0 MR WILLIAM D KELLEHER DIRECTOR 1.00 X 0 0 0 MR DENNIS J KELLEY DIRECTOR (LEFT IN FY23) 1.00 X 0 0 0 MR EUGENE KENNEDY DIRECTOR 1.00 X 0 0 0 MR TERRENCE G KENNEDY DIRECTOR 1.00 X 0 0 0 MR DONALD J KILBRIDE DIRECTOR 1.00 X 0 0 0 MR BO KIMYACHI DIRECTOR 1.00 X 0 0 0 MR MARK LUND DIRECTOR 1.00 X 0 0 0 MR JOHN L MACKINNON DIRECTOR 1.00 X 0 0 0 MR DANIEL MAGALETTA DIRECTOR 1.00 X 0 0 0 MR JOSEPH E MAHONEY JR DIRECTOR 1.00 X 0 0 0 MR THOMAS MARTIN JR DIRECTOR 1.00 X 0 0 0 MS HOLLY MCGRATH DIRECTOR 1.00 X 0 0 0 MR JOHN R MCKENNA DIRECTOR 1.00 X 0 0 0 MR JOSEPH R NOLAN JR DIRECTOR 1.00 X 0 0 0 MR JOSEPH E ONSTOTT DIRECTOR 1.00 X 0 0 0 MR SEAN RUSH DIRECTOR 1.00 X 0 0 0 MR SEAN P RIORDAN DIRECTOR 1.00 X 0 0 0 MR PATRICK J SCANNELL DIRECTOR 1.00 X 0 0 0 MR MICHAEL S WALKER DIRECTOR 1.00 X 0 0 0 MR JOHN WATTS DIRECTOR 1.00 X 0 0 0 MR TODD H WETZEL DIRECTOR 1.00 X 0 0 0 MR DAVID F WILSON DIRECTOR 1.00 X 0 0 0 MR JEFF MURPHY DIRECTOR CLUB RELATIONS 40.00 X 103000 0 5150 269368 0 54806 2 0 1 0 UBS FINANCIAL SERVICES INC 200 CLARENDON ST 24TH FL BOSTON MA 021165021 INVESTMENT ADVISORS 146930 1 632329 3968609 4600938 597418 597418 9874952 9667565 207387 207387 207387 19912 632329 68610 -48698 -48698 5357045 0 0 756107 3129689 3129689 195032 9752 9752 175528 586184 180415 117401 288368 5108 2575 1608 925 124261 32488 21528 70245 29190 7220 4818 17152 1275 1275 36100 9809 2994 23297 138761 138761 2275 2275 129864 31984 21898 75982 5161 1125 853 3183 9226 2283 1522 5421 FUNDRAISING EVENTS & AL 230299 21440 69157 139702 CLUB RELATIONS 43195 5461 2174 35560 4665620 3434241 396016 835363 309014 284842 168380 190249 373734 233859 10071 89137 492117 301268 294102 6308 7166 26343800 25002572 0 362092 27290373 26582968 199446 280653 22334 416120 0 362092 221780 1058865 X 4864920 5021233 22203673 20502870 27068593 25524103 27290373 26582968 691425 -2235915 0 X X 0 1 X 1 0 X 3943132 4588723 4300018 5679153 4600938 23111964 3943132 4588723 4300018 5679153 4600938 23111964 38135 23073829 469580 536871 494770 602253 597418 2700892 25812856 0.89390 0.89840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22203673 1032090 -1449937 1448605 20337221 20478212 1816130 1160910 1251579 22203673 14929128 1061427 5464807 977150 20478212 15762550 1344013 -1165841 1011594 14929128 15220238 765649 735025 958362 15762550 1.00000 0 0 301268 294102 7166 7166 OPERATING LEASE OBLIGATIONS 362092 362092 X 3050979 -2235915 -2235915 5286894 138761 -68610 70151 5357045 4595469 68610 68610 4526859 138761 138761 4665620 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, 2023 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 -68,610. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES REPORTED ON THE STATEMENT OF ACTIVITIES 68,610. GOLF SPRINT 652241 632329 19912 10000 19912 38698 652241 632329 19912 10000 19912 38698 68610 -48698 1 SCHOLARSHIPS 438 3129689 PART I, LINE 2: FINANCIAL INFORMATION REQUIRED FROM SCHOLARS: CSS PROFILE, SAR FROM FAFSA FINANCIAL AWARD LETTER FROM UNIVERSITY STATING GRANTS, SCHOLARSHIPS, LOANS, WORKSTUDY, ETC. COST OF ATTENDANCE IS GATHERED FROM THE COLLEGEBOARD SITE. NO COSTS FOR SEMESTERS ABROAD ARE INCLUDED IN OUR FORMULA FOR THE COST OF THE SCHOOL YEAR. AFTER FINANCIAL NEED HAS BEEN DETERMINED AWARDS ARE ISSUED BASED ON A SCHEDULE OF AWARDS BY UNMET NEED, THIS SCHEDULE IS DETERMINED BY THE SCHOLARSHIP COMMITTEE AND REVIEWED EACH YEAR. OUIMET SCHOLARS ARE FINANCIAL AWARD RECIPIENTS WHO HAVE GONE THROUGH A RIGOROUS REVIEW AND INTERVIEW PROCESS, HAVE QUALIFIED, AND HAVE CERTIFIED FINANCIAL NEED. OUIMET HONORARY SCHOLARS HAVE GONE THROUGH THE SAME RIGOROUS REVIEW AND INTERVIEW PROCESS, HAVE QUALIFIED, AND ALTHOUGH THEY DO NOT QUALIFY TO RECEIVE A NEEDS BASED FINANCIAL AWARD, THEIR DESIGNATION AS A OUIMET SCHOLAR IS A GREAT HONOR AND HELPS THEM TAP INTO THE VAST NETWORK OF FELLOW OUIMET SCHOLARS CURRENTLY IN THE WORK FORCE. CHECKS ARE ISSUED IN SEPTEMBER FOR THE FULL AWARD. X X 0 0 0 0 0 0 0 0 0 MR COLIN R MCGUIRE EXECUTIVE DIRECTOR 166368 0 0 0 0 0 20500 0 29156 0 216024 0 0 0 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. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.