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Filing year 2024

THE FRANCIS OUIMET SCHOLARSHIP FUND INC

Norton, Massachusetts·EIN 04-2234126·NTEE B820 · Education·501(c)(3)
Total revenue
$7.1M
Total assets
$33.3M
Total expenses
$5.8M
Reported officers
71
Mission

THE OUIMET FUND'S PURPOSE IS TO HELP DESERVING YOUNG MEN AND WOMEN, WHO HAVE WORKED AT GOLF COURSES IN MASSACHUSETTS, OBTAIN A COLLEGE EDUCATION. WE PROVIDE NEED-BASED COLLEGE SCHOLARSHIPS, WHICH ARE RENEWABLE AND WORTH AN AVERAGE OF $30,000 OVER THE COURSE OF FOUR YEARS, WITH SOME STUDENTS RECEIVING AS MUCH AS $80,000.SINCE 1949, THE FUND HAS AWARDED $53.4 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 3.4 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.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 3 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Education organizations in Massachusetts.

Executive Director
75th to 90th percentile
$241k
$260k
Base
$154k
Bonus
$46k
Other
Benefits
$34k
Sr. Director, Operations
25th percentile to median
$134k
$145k
Sr. Dir., Scholarships & Data Mgmt.
Highest Compensated Employee
10th to 25th percentile
$127k
$137k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 68 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at THE FRANCIS OUIMET SCHOLARSHIP FUND INC equaled 4% of the organization's total expenses. The median for education organizations is 7%.

This organization (2024)
4%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 5%
from 2023

From $230k in 2023 to $241k in 2024.

$230k
2023
$241k
2024
In today's dollarsEst.
Up 1% in real terms$257k to $260k

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 5% from 2023 to 2024, while revenue rose 13%.

$230k in 2023 to $241k in 2024.
  • Chief Operating Officer pay rose 10% from 2023 to 2024.
  • Highest Compensated Employee pay rose 5% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about THE FRANCIS OUIMET SCHOLARSHIP FUND INC

What does the Chief Executive Officer of THE FRANCIS OUIMET SCHOLARSHIP FUND INC earn?

In 2024, the Chief Executive Officer of THE FRANCIS OUIMET SCHOLARSHIP FUND INC received $241,002 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among Education organizations in Massachusetts, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at THE FRANCIS OUIMET SCHOLARSHIP FUND INC compare with similar nonprofits?

Compared with the same role at Education organizations in Massachusetts, the 2024 pay of the Chief Executive Officer at THE FRANCIS OUIMET SCHOLARSHIP FUND INC falls between the 75th and 90th percentiles. In 2024, the highest total compensation at THE FRANCIS OUIMET SCHOLARSHIP FUND INC equaled 4% of the organization's total expenses. The median for education organizations is 7%.

What are THE FRANCIS OUIMET SCHOLARSHIP FUND INC's revenue and expenses?

In 2024, THE FRANCIS OUIMET SCHOLARSHIP FUND INC reported $7.1M in total revenue and $5.8M in total expenses on its IRS Form 990.

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