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Education : Scholarship and Financial Support

The Francis Ouimet Scholarship Fund

Scholarships for caddies since 1949

four stars

91.63

300 Arnold Palmer Boulevard Norton, MA 02766
tel: (774) 430-9090   Web Site
EIN: 04-2234126

Board Leadership
James W. Moriarty
President

CEO
Colin Mcguire
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 91.63 four stars
  Financial 88.87 three stars
  Accountability & Transparency 96.00 four stars
This rating was published 03/01/2020 and includes data from FY2019, the most recent 990 received at that time.

Founded in 1949, the Francis Ouimet Scholarship Fund is committed to providing need and merit 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. Since its founding, the Fund has awarded over $19.2 million in need and merit based college tuition assistance scholarships to over 4,500 students.

Founded in 1949, the Francis Ouimet Scholarship Fund is committed to providing need and merit 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. Since its founding, the Fund has awarded over $19.2 million in need and merit based college tuition assistance scholarships to over 4,500 students.

Impact & Results Score

Score
75/100
Program Name: Scholarship Program
Program Name: Scholarship Program

Note: The Impact & Results score currently has no effect on the nonprofit's Star Rating.

The Impact & Results score is a measure of how well a nonprofit delivers on its stated mission. To issue a score, Charity Navigator estimates the actual impact the nonprofit has on the lives of those it serves, and determines whether it is making good use of donor resources to achieve that impact. Learn more about our Impact & Results methodology here.

Program Activities
The Francis Ouimet Scholarship Fund Inc grants scholarships to beneficiaries.
Impact Statement
$8,600 increases income for a scholarship recipient in need by $8,600.
Assessment Benchmark
Impact & Results scores of postsecondary scholarship programs are based on income generated relative to cost. Programs receive an Impact & Results score of 100 if they increase income for a recipient by more than $1.50 for every $1 spent and a score of 75 if income increases by more than $0.85 for every $1 spent. If a nonprofit reports impact but doesn't meet the threshold for cost-effectiveness, it earns a score of 50.
Methodology
ImpactMatters analyzed publicly available data to rate the cost-effectiveness of The Francis Ouimet Scholarship Fund.
Data Source
Output data collected during the program. The Francis Ouimet Scholarship Fund Inc publicly reports data on the dollar value of all scholarships it grants and the number of scholarship recipients, which we use to calculate the additional income that the nonprofit's scholarship program generates.
Method for Attributing Outcomes
We estimate the increase in income caused by a nonprofit's scholarship program in two steps. First, we compare the estimated postsecondary graduation rate of its scholars to that of comparable students who did not receive a scholarship (the “counterfactual”). Our estimates are drawn from rigorous social science studies of similar scholarship programs. The result is the number of scholars whose graduation was caused by the nonprofit. Second, we compare the earnings of graduates to non-graduates based on publicly available census data, matching on student demographic characteristics. We apply the earnings boost owing to a degree to those scholars whose graduation was caused by the nonprofit. Both steps are necessary to properly net out counterfactual successes from observed successes. Otherwise, we would be attributing changes (increase in graduation rate and increase in earnings) to the nonprofit when they would have happened anyway. Few nonprofits estimate the counterfactual themselves, so we construct our own counterfactual estimate based on research and publicly available data.
Details
Analysis conducted by ImpactMatters and published on November 22, 2019.
This impact information is current as of September 2020, when it was provided to us by ImpactMatters. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

three stars

88.87

Accountability & Transparency

four stars

96.00

This rating was published 03/01/2020 and includes data from FY2019, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
72.3%
  Administrative Expenses 10.6%
  Fundraising Expenses 16.9%
  Fundraising Efficiency $0.11
  Working Capital Ratio (years) 5.69
  Program Expenses Growth 13.3%
  Liabilities to Assets 3.0%
All data for Financial Performance Metrics calculations was provided by The Francis Ouimet Scholarship Fund on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by The Francis Ouimet Scholarship Fund on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
The Francis Ouimet Scholarship Fund (MA) 91.63 four stars
Foster Care to Success (OH) 89.56 three stars
Arizona Christian School Tuition Organization (AZ) 96.66 four stars
George Snow Scholarship Fund Inc. (FL) 100.00 four stars
Columbus Citizens Foundation (NY) 87.24 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $3,556,359
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $355,073
   Related Organizations $0
   Government Grants $0
Total Contributions $3,911,432
   Program Service Revenue $0
Total Primary Revenue $3,911,432
   Other Revenue $422,722
TOTAL REVENUE $4,334,154
   
EXPENSES  
   Program Expenses $2,653,280
   Administrative Expenses $362,169
   Fundraising Expenses $554,028
TOTAL FUNCTIONAL EXPENSES $3,569,477
   
Payments to Affiliates $0
Excess (or Deficit) for the year $764,677
   
Net Assets $19,100,607

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Need Based Scholarships $2,653,280 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-03 03/01/2020 91.63 four stars
2018-03 03/01/2019 89.54 three stars
2017-03 05/01/2018 87.21 three stars
2016-03 06/01/2017 80.04 three stars
2015-03 12/01/2016 79.48 two stars
2015-03 09/01/2016 79.29 two stars
2015-03 06/01/2016 78.89 two stars
 
CN 2.0
2014-03 08/01/2015 82.50 three stars
2013-03 07/01/2014 86.60 three stars
2012-03 08/01/2013 82.95 three stars
2011-03 05/01/2012 82.35 three stars
2010-03 09/20/2011 75.11 two stars
 
CN 1.0
2010-03 06/01/2011 66.15 one star
2009-03 07/01/2010 72.39 two stars
2008-03 02/01/2009 81.37 three stars
2007-03 05/01/2008 76.34 two stars
2006-03 03/01/2007 69.71 one star
2005-03 06/01/2006 61.67 one star
2004-03 06/01/2005 63.80 one star
2003-03 11/01/2004 68.10 one star

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 04-2234126
Name in IRS Master File THE FRANCIS OUIMET SCHOLARSHIP FUND INC
NTEE Code B82
NTEE Classification Scholarships, Student Financial Aid Services, Awards
NTEE Type Educational Institutions and Related Activities
Classification Educational Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (59) Other school related activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date November, 1953
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End March
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • March, 2019
  • March, 2018
  • March, 2017
  • March, 2016
  • March, 2015
Compensation % of Expenses Paid to Title
$177,500 4.97% Robert P. Donovan Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
The Francis Ouimet Scholarship Fund (MA) 91.63 four stars
Alliance for Education (WA) 87.19 three stars
District of Columbia College Access Program (DC) 89.26 three stars
American Indian Services (UT) 96.00 four stars
Hispanic Scholarship Fund (CA) 90.91 four stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

The Francis Ouimet Scholarship Fund
300 Arnold Palmer Boulevard
Norton, MA 02766
tel: (774) 430-9090
fax: (774) 430-7474
EIN: 04-2234126

Visit Web Site

Board Leadership

James W. Moriarty
President

CEO

Colin Mcguire
Executive Director

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