Overview
What is The Francis Ouimet Scholarship Fund Inc?
The Francis Ouimet Scholarship Fund Inc, situated in Norton, Massachusetts, is a nonprofit organization committed to offering need-based college scholarships. Established to honor the work ethic shown by individuals who have served the golf community for at least two years, the fund provides competitive, renewable scholarships. With a strong emphasis on fostering education and giving back to the golfing community, the organization has supported 294 students in the 2022-2023 academic year. The Fund's dedication to the golfing community and society extends to assisting youth in furthering their education, preserving the legacy of Francis Ouimet's contributions to American golf, and engaging 116 golf clubs and 75 women scholars in the program.
Official website here: www.ouimet.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% (Four-Star out of Four Star rating)
The Francis Ouimet Scholarship Fund Inc has received an impressive Four-Star rating from Charity Navigator, reflecting its exceptional performance across multiple criteria. With an overall score of 99%, the organization excels particularly in Accountability & Finance, Impact & Measurement, and Leadership & Adaptability, all scoring 100%. This high rating signifies a strong commitment to transparency and effective resource management, ensuring that funds are utilized wisely to support its mission.
A key strength of the organization is its significant impact in the community, having awarded over $19.2 million in scholarships to more than 4,500 students. This demonstrates not only the fund's dedication to providing educational opportunities but also its effectiveness in creating measurable outcomes for those it serves. The high scores in Impact & Measurement indicate that the organization has robust systems in place to track and assess the effectiveness of its programs.
Despite its strengths, the Culture & Community score of 91% suggests there may be some areas for improvement in fostering community engagement and internal culture. Overall, The Francis Ouimet Scholarship Fund Inc stands out as a highly effective nonprofit, making a substantial difference in the lives of students through its scholarship programs.
This AI summary has been generated from information found on Charity Navigator.
Is The Francis Ouimet Scholarship Fund Inc legitimate?
The Francis Ouimet Scholarship Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Francis Ouimet Scholarship Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $195,032
Professional Fundraising Fees: $0
Other Salaries and Wages: $586,184
For more financial information, click here
Official website here: www.ouimet.org
What is the mission statement of The Francis Ouimet Scholarship Fund Inc?
The Francis Ouimet Scholarship Fund is dedicated to providing need-based scholarship aid to students who have demonstrated a strong work ethic through completing at least two years of service to golf. This organization rewards accomplishments by offering competitive, renewable scholarships. The Fund serves as an opportunity for the golfing community to give back to golf and society by assisting youth in furthering their education. Additionally, the scholarship fund seeks to preserve the history of Francis Ouimet's contributions to American golf.
Official website here: www.ouimet.org
Who is the CEO of The Francis Ouimet Scholarship Fund Inc?
William L Healy is the Executive Director of The Francis Ouimet Scholarship Fund Inc.
Official website here: www.ouimet.org
What is the revenue of The Francis Ouimet Scholarship Fund Inc?
The Francis Ouimet Scholarship Fund Inc's revenue in 2023 was $5,357,045.
Official website here: www.ouimet.org
Who are the executives of The Francis Ouimet Scholarship Fund Inc and what are their salaries?
The average compensation at The Francis Ouimet Scholarship Fund Inc during 2023 was $71,020. There are 11 employees and 145 volunteers at The Francis Ouimet Scholarship Fund Inc.
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- Compensation: $103,000
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- Other: $5,150
Official website here: www.ouimet.org
Where can I find the form 990 for The Francis Ouimet Scholarship Fund Inc?
The Francis Ouimet Scholarship Fund Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ouimet.org
Learn more at the official website: www.ouimet.org
Mission Statement of The Francis Ouimet Scholarship Fund Inc
The Francis Ouimet Scholarship Fund, named after the renowned golfer who overcame adversity to become a champion, is dedicated to providing need-based scholarship aid to deserving students. This nonprofit organization recognizes the importance of hard work and commitment, and as such, it offers scholarships to students who have demonstrated a strong work ethic by dedicating at least two years of service to golf. The Scholarship Fund believes in rewarding accomplishments and offers renewable scholarships as a way for the golfing community to give back to the sport and society by assisting young individuals in furthering their education. Moreover, the Fund is committed to preserving the legacy of Francis Ouimet's contributions to American golf by upholding his values of perseverance and determination.
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Impact
July, 2024
The Francis Ouimet Scholarship Fund Inc's impact is significant in providing need-based college scholarships to golf caddies and other golf club employees who have served the golf community for two or more years. In the 2022-2023 scholarship cycle, 294 individuals received financial awards, with 144 "honorary" scholars receiving $750 book awards. These scholarships have supported students attending 143 different colleges and representing 116 clubs, including 75 women scholars. The organization's mission is to reward accomplishment, promote education, and allow the golfing community to give back by assisting youth in furthering their education. Through its work, The Francis Ouimet Scholarship Fund Inc is making a tangible difference in the lives of deserving students who have shown dedication to both golf and education.
This information is meant to be a general summary of The Francis Ouimet Scholarship Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $804,805
- Gross Receipts: $15,093,220
Assets and Liabilities:
- Total Assets: $26,582,968
- Total Liabilities: $1,058,865
- Net Assets: $25,524,103
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Organization Details
Founding Year
1949
Phone
(774) 430-9090Principal Officer
William L Healy
Main Address
300 ARNOLD PALMER BOULEVARD, NORTON, MA, 02766
Website
www.ouimet.orgNTEE Category
Code: B820 - Education
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