2022-11-16T16:29:57-06:00 2022-03-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2021-04-01 042234126 THE FRANCIS OUIMET SCHOLARSHIP FUND INC FRAN 7744309090 300 ARNOLD PALMER BOULEVARD NORTON MA 02766 WILLIAM L HEALY PRESIDENT 7744309092 2022-11-09 1 WILLIAM HEALY XXX-XX-XXXX THOMAS F MULDOON CPA P01561688 5083669100 2022-11-09 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z WILLIAM L HEALY 300 ARNOLD PALMER BLVD NORTON MA 02766 10397165 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 54 11 145 0 0 4300018 5679153 0 0 889225 863024 -53646 -415992 5135597 6126185 2563162 2840478 0 0 765312 862914 0 0 915250 555884 691388 3884358 4394780 1251239 1731405 24948964 27290373 175303 221780 24773661 27068593 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 3105004 2840478 PROVIDING NEED BASED COLLEGE SCHOLARSHIPS TO GOLF CADDIES AND OTHER GOLF CLUB EMPLOYEES WHO HAVE SERVED THE GOLF COMMUNITY FOR TWO OR MORE YEARS.2021-2022 SCHOLARSHIP PROFILE:-296 INDIVIDUALS RECEIVING FINANCIAL AWARDS-147 "HONORARY" SCHOLARS RECEIVING $750 BOOK AWARD-150 COLLEGES ATTENDED BY SCHOLARS-114 CLUBS REPRESENTED BY SCHOLARS-78 WOMEN SCHOLARS 3105004 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 2 0 1 11 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 56 54 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 0.00 X X 144551 0 14287 MR WILLIAM L HEALY MD PRESIDENT 1.00 0.00 X X 0 0 0 MR J DUNCAN GRATTON FIRST VICE PRESIDENT 1.00 0.00 X X 0 0 0 MR KEVIN J MACLAUGHLAN SECOND VICE PRESIDENT 1.00 0.00 X X 0 0 0 MR JOHN AGOSTINO TREASURER 1.00 0.00 X X 0 0 0 MR STEPHEN D BROOK CLERK & COUNSEL 1.00 0.00 X X 0 0 0 MR RICHARD F CONNOLLY JR DIRECTOR, EXECUTIVE COMMITTEE 1.00 0.00 X 0 0 0 MR JOHN DOLAN DIRECTOR, EXECUTIVE COMMITTEE 1.00 0.00 X 0 0 0 MS JUDY P FRODIGH DIRECTOR, EXECUTIVE COMMITTEE 1.00 0.00 X 0 0 0 MR GREGORY J GAILIUS DIRECTOR, EXECUTIVE COMMITTEE 1.00 0.00 X 0 0 0 MR JEFFFREY HOLLAND DIRECTOR, EXECUTIVE COMMITTEE 1.00 0.00 X 0 0 0 MR JAMES W MORIARTY DIRECTOR, EXECUTIVE COMMITTEE 1.00 0.00 X 0 0 0 MR CHRISTOPHER L RUMUL DIRECTOR, EXECUTIVE COMMITTEE 1.00 0.00 X 0 0 0 MR SCOTT J ADLER DIRECTOR 1.00 0.00 X 0 0 0 MR DAVID A BAMEL DIRECTOR 1.00 0.00 X 0 0 0 MR HARRISON BANE DIRECTOR 1.00 0.00 X 0 0 0 MR JOSH BELINSKY DIRECTOR 1.00 0.00 X 0 0 0 MR JAMES BLUE II DIRECTOR 1.00 0.00 X 0 0 0 MR PAUL BOUDREAU DIRECTOR 1.00 0.00 X 0 0 0 MR DUFFY BRENT DIRECTOR 1.00 0.00 X 0 0 0 MS CAITLIN CAVANAUGH DIRECTOR 1.00 0.00 X 0 0 0 MS MARIE E CHALMERS DIRECTOR 1.00 0.00 X 0 0 0 MR RYAN CONNOLLY DIRECTOR 1.00 0.00 X 0 0 0 MR MARTIN F CONNORS JR DIRECTOR 1.00 0.00 X 0 0 0 MR EDUARDO E CORDEIRO DIRECTOR 1.00 0.00 X 0 0 0 MR STEPHEN C DEMIRJIAN DIRECTOR 1.00 0.00 X 0 0 0 MR JASON D DEVITO DIRECTOR 1.00 0.00 X 0 0 0 MR CHARLES L DONAHUE JR DIRECTOR 1.00 0.00 X 0 0 0 MR MICHAEL H DOUVADJIAN DIRECTOR 1.00 0.00 X 0 0 0 MR PATRICK A FISCHOEDER DIRECTOR 1.00 0.00 X 0 0 0 MR JOHN F GALLAGHER III DIRECTOR 1.00 0.00 X 0 0 0 MR RAYMOND F HAMEL JR DIRECTOR 1.00 0.00 X 0 0 0 P ANDREW HENDERSON JR DIRECTOR 1.00 0.00 X 0 0 0 MR PHILIP HOLDEN DIRECTOR 1.00 0.00 X 0 0 0 MR BRIAN JOHNSON DIRECTOR 1.00 0.00 X 0 0 0 MR WILLIAM D KELLEHER DIRECTOR 1.00 0.00 X 0 0 0 MR DENNIS J KELLEY DIRECTOR 1.00 0.00 X 0 0 0 MR EUGENE KENNEDY DIRECTOR 1.00 0.00 X 0 0 0 MR TERRENCE G KENNEDY DIRECTOR 1.00 0.00 X 0 0 0 MR DONALD J KILBRIDE DIRECTOR 1.00 0.00 X 0 0 0 MR BO KIMYACHI DIRECTOR 1.00 0.00 X 0 0 0 MR MARK LUND DIRECTOR 1.00 0.00 X 0 0 0 MR JOHN L MACKINNON DIRECTOR 1.00 0.00 X 0 0 0 MR DANIEL MAGALETTA DIRECTOR 1.00 0.00 X 0 0 0 MR JOSEPH E MAHONEY JR DIRECTOR 1.00 0.00 X 0 0 0 MR THOMAS MARTIN JR DIRECTOR 1.00 0.00 X 0 0 0 MS HOLLY MCGRATH DIRECTOR 1.00 0.00 X 0 0 0 MR JOHN R MCKENNA DIRECTOR 1.00 0.00 X 0 0 0 MR JOSEPH R NOLAN JR DIRECTOR 1.00 0.00 X 0 0 0 MR JOSEPH E ONSTOTT DIRECTOR 1.00 0.00 X 0 0 0 MR SEAN P RIORDAN DIRECTOR 1.00 0.00 X 0 0 0 MR PATRICK J SCANNELL DIRECTOR 1.00 0.00 X 0 0 0 MR JOHN WATTS DIRECTOR 1.00 0.00 X 0 0 0 MS STEPHANIE WEIMER DIRECTOR 1.00 0.00 X 0 0 0 MR TODD H WETZEL DIRECTOR 1.00 0.00 X 0 0 0 MR DAVID F WILSON DIRECTOR 1.00 0.00 X 0 0 0 SCOTT C BAKER DIRECTOR EX-OFFICIO 1.00 0.00 X 0 0 0 DAVID FREM DIRECTOR EX-OFFICIO 1.00 0.00 X 0 0 0 CHIP JOHNSON DIRECTOR EX-OFFICIO 1.00 0.00 X 0 0 0 ALAN MACDONALD DIRECOR EX-OFFICIO 1.00 0.00 X 0 0 0 BRIAN SKINNER DIRECTOR EX-OFFICIO 1.00 0.00 X 0 0 0 JAMES TEDESCO DIRECTOR EX-OFFICIO 1.00 0.00 X 0 0 0 NEAL VOHR DIRECTOR EX-OFFICIO 1.00 0.00 X 0 0 0 144551 0 14287 1 0 1 0 UBS FINANCIAL SERVICES INC 200 CLARENDON ST 24TH FL BOSTON MA 021165021 INVESTMENT ADVISORS 152536 1 1091085 4588068 5679153 602253 602253 3983070 3722299 260771 260771 260771 132689 1091085 548681 -415992 -415992 6126185 0 0 447032 2840478 2840478 159508 7976 7976 143556 548207 130427 83376 334404 15724 3985 2524 9215 68206 14838 9619 43749 71269 14155 9317 47797 4320 4320 27997 27997 153780 153780 9429 8291 1138 147282 29293 19088 98901 10124 1796 1324 7004 11727 2329 1533 7865 FUNDRAISING EVENTS & AL 277521 36644 79866 161011 CLUB RELATIONS 49208 14792 665 33751 4394780 3105004 374526 915250 305466 309014 121463 373734 55956 84087 89137 295249 288941 14017 6308 24223354 26343800 144621 168380 24948964 27290373 131576 199446 43727 22334 175303 221780 X 4295449 4864920 20478212 22203673 24773661 27068593 24948964 27290373 1731405 563527 0 X X 0 1 X 1 0 X 3852720 3943132 4588723 4300018 5679153 22363746 3852720 3943132 4588723 4300018 5679153 22363746 10248 22353498 413653 469580 536871 494770 602253 2517127 24880873 0.89840 0.81740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20478212 1816130 1160910 1251579 22203673 14929128 1061427 5464807 977150 20478212 15762550 1344013 -1165841 1011594 14929128 15220238 765649 735025 958362 15762550 14319200 873868 873800 846630 15220238 0 0 295249 288941 6308 6308 X 7084613 563527 563527 6521086 153780 -548681 -394901 6126185 4789681 548681 548681 4241000 153780 153780 4394780 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, 2022 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 -548,681. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES REPORTED ON THE STATEMENT OF ACTIVITIES 548,681. X X X X X 0 BANQUET 663442 530753 132689 379279 975 125413 GOLF SPRINT 560332 560332 5368 15892 21754 1223774 1091085 132689 5368 395171 975 147167 548681 -415992 1 SCHOLARSHIPS 442 2840478 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 NOW ISSUED IN SEPTEMBER FOR THE FULL AWARD. X X 0 0 0 0 0 0 0 0 0 MR COLIN R MCGUIRE EXECUTIVE DIRECTOR 144551 0 0 0 0 0 8694 0 5593 0 158838 0 0 0 TJ MARTIN BOARD MEMBER 114304 BOARD MEMBER IS CEO OF A PRODUCTION COMPANY THAT PROVIDES SERVICES TO THE OUIMET FUND 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 AT ITS OFFICE. INSTRUCTIONS ARE POSTED ON THE ORGANIZATIONS WEBSITE. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.