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Filing year 2024

THE FRANCIS OUIMET SCHOLARSHIP FUND INC

Norton, Massachusetts·EIN 04-2234126·NTEE B820 · Education·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 · Schedule J · 3 reported individuals · Filing year 2024

Executive Director
$241k
$260k
Base
$154k
Bonus
$46k
Other
Benefits
$34k
Sr. Director, Operations
$134k
$145k
Sr. Dir., Scholarships & Data Mgmt.
highest compensated employee
$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

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.

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

Revenue and expenses over time

THE FRANCIS OUIMET SCHOLARSHIP FUND INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$6.3M
$5.2M
2023
$7.1M
$5.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Education executives earn in Massachusetts

Comparable education organizations in Massachusetts pay their highest-earning executive a median of $132,637.

25th percentile
$61k
Median
$132,637
75th percentile
$333k
90th percentile
$721k

These are education sector-wide figures, not this organization's reported pay. Based on 379 organizations across 379 filings (2021 – 2023).

See full Education pay data for Massachusetts
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