2011-11-14T12:23:19-06:00 2011-03-31 CCR LLP 1400 COMPUTER DR WESTBOROUGH MA 01581 990 2010-04-01 042234126 THE FRANCIS OUIMET SCHOLARSHIP FUND INC FRAN 7744309090 300 ARNOLD PALMER BOULEVARD NORTON MA 02766 SCOTT J ADLER 7812730075 2011-11-03 1 FRANCIS K BROWN II 5089262200 2011-11-03 2010 2016-02-24 21:20:13Z SCOTT J ADLER 27 CAMBRIDGE STREET BURLINGTON MA 01803 3337905 0 X OUIMET.ORG X 1949 MA VISION STATEMENT THE FRANCIS OUIMET SCHOLARSHIP FUND PROMOTES THE CHARACTER BUILDING ASPECTS OF GOLF IN THE TRADITION OF FRANCIS OUIMET. THE FUND IS UNIQUE AMONG GOLF CHARITIES WITH GREAT POTENTIAL FOR GROWTH THROUGH SUPPORT FROM ALUMNI, VOLUNTEER LEADERSHIP AND THE GOLFING COMMUNITY. THE FUND IS DEDICATED TO FOSTERING GROWTH OF THE CADDIE PROGRAMS THROUGHOUT THE REGION THEREBY BROADENING THE SCOPE OF SCHOLARS TO CREATE A MORE DIVERSE GROUP OF SCHOLARS AND ALUMNI. OPPORTUNITIES ARE PLENTIFUL FOR TRUSTEES, BOARD MEMBERS AND VOLUNTEER LEADERS TO PARTICIPATE AND BECOME INVOLVED IN ACTIVITIES THAT WILL MOVE THE FRANCIS OUIMET SCHOLARSHIP FUND TO A GREATER LEVEL OF FINANCIAL ASSISTANCE FOR OUIMET SCHOLARS. 45 43 5 0 0 0 1863963 2053562 0 0 14860 341311 305270 286712 2184093 2681585 1325500 1460000 0 0 334804 352837 0 0 607460 440259 454935 2100563 2267772 83530 413813 7362543 8287166 335216 331182 7027327 7955984 X 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. 0 0 1460000 1460000 341311 PROVIDING COLLEGE SCHOLARSHIPS TO CADDIES AND OTHER GOLF CLUB RELATED EMPLOYEES WHO HAVE SERVED THE GOLF COMMUNITY FOR TWO OR MORE YEARS 1460000 1 1 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 5 1 0 0 0 0 0 0 0 1 1 0 X 45 43 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 MA X X SCOTT J ADLER TREASURER 7744309090 300 ARNOLD PALMER BOULEVARD NORTON MA 02766 JASON S ADAMS 1.00 X 0 0 0 ROBERT P DONOVAN 40.00 X 135135 0 15395 SCOTT J ADLER 1.00 X 0 0 0 RICHARD C BANE 1.00 X 0 0 0 RICHARD J BARRETT 1.00 X 0 0 0 JAMES D BLUE 1.00 X 0 0 0 PAUL D BOUDREAU 1.00 X 0 0 0 RICHARD F CONNOLLY 1.00 X 0 0 0 SUSAN J CURTIN 1.00 X 0 0 0 STEPHEN C DEMIRJIAN 1.00 X 0 0 0 STEVE L DEMMER 1.00 X 0 0 0 JOHN F DEZIECK 1.00 X 0 0 0 CHARLES L DONAHUE 1.00 X 0 0 0 MICHAEL H DOUVADJIAN 1.00 X 0 0 0 MICHAEL C FONDO 1.00 X 0 0 0 DAVID FREM 1.00 X 0 0 0 JUDY P FRODIGH 1.00 X 0 0 0 GREGORY J GAILIUS 1.00 X 0 0 0 JOHN F GALLAGHER 1.00 X 0 0 0 JERRY R GREEN 1.00 X 0 0 0 WILLIAM L HEALY 1.00 X 0 0 0 TED HIGHBERGER 1.00 X 0 0 0 DENNIS J KELLY 1.00 X X 0 0 0 TERRENCE G KENNEDY 1.00 X X 0 0 0 LEE M KENNEDY SR 1.00 X 0 0 0 WALTER E LANKAU 1.00 X 0 0 0 PHILIP J LUSSIER 1.00 X 0 0 0 PETER A MAICH 1.00 X 0 0 0 THOMAS J MARTIN 1.00 X 0 0 0 HOLLY L MCGRATH 1.00 X 0 0 0 JAMES W MORIARTY 1.00 X 0 0 0 JAMES M MURPHY 1.00 X 0 0 0 JOSEPH E ONSTOTT 1.00 X 0 0 0 LEANDER G OTHON 1.00 X 0 0 0 RICHARD M REILLY 1.00 X X 0 0 0 THOMAS P RIORDAN 1.00 X 0 0 0 KATHIE S STEVENS 1.00 X 0 0 0 RICHARD B SULLIVAN 1.00 X 0 0 0 JAMES TEDESCO 1.00 X 0 0 0 ANNE MARIE TOBIN 1.00 X 0 0 0 EDWARD F VAHEY 1.00 X 0 0 0 FRANCISCO VENTURA 1.00 X 0 0 0 TERESA R WAPPEL 1.00 X 0 0 0 TODD H WETZEL 1.00 X 0 0 0 MICHAEL T WHITMER 1.00 X 0 0 0 135135 0 15395 1 0 1 0 MARRIOTT INTERNATIONAL PO BOX 402642 ATLANTA GA 303842642 VENUE FOR ANNUAL BANQUET 141330 1 2053562 2053562 244879 244879 415733 319301 96432 96432 96432 623731 337019 286712 286712 2681585 341311 0 286712 1460000 1460000 135135 135135 200008 85356 114652 11073 11073 6621 6621 51608 51608 13060 13060 2864 2864 9732 9732 276 276 1325 1325 FUNDRAISING 278426 278426 CLUB RELATIONS 75800 75800 MISCELLANEOUS 9178 9178 COMPUTER SUPPLIES & MAI 3446 3446 PROGRAM EXPENSE 2688 2688 6532 5773 759 2267772 1460000 200312 607460 75253 30428 20095 20175 8940 60566 34770 79334 77235 2539 2099 6754571 8034989 429344 175940 7362543 8287166 176935 239261 158281 91921 335216 331182 X 1472697 1525096 5554630 6430888 7027327 7955984 7362543 8287166 X 413813 514844 X 0 1 1 X 0 X 2834680 3248752 3195792 2477935 2677293 14434452 2834680 3248752 3195792 2477935 2677293 14434452 14434452 150152 195255 -1427201 1250030 804547 972783 15407235 0.93690 0.98000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5554630 452333 696246 272321 6430888 4555564 329070 935066 265070 5554630 4948341 918340 -1083908 227209 4555564 0.00000 0.00000 1.00000 0 0 79334 77235 2099 2099 2681585 2267772 413813 514844 514844 928657 3481840 514844 -51608 463236 3018604 -337019 -337019 2681585 2553183 -51608 337019 285411 2267772 0 2267772 SCHEDULE D, PART XII, LINE 2D IS INVESTMENT FEES REPORTED ON THE REVENUE STATEMENT FOR FINANCIAL STATEMENT PURPOSES. SCHEDULE D, PART XII, LINE 4B IS FUNDRAISING EXPENSES REPORTED ON THE EXPENSE STATEMENT FOR FINANCIAL STATEMENT PURPOSES. SCHEDULE D, PART XIII, LINE 2D IS FUNDRAISING EXPENSES REPORTED ON THE EXPENSE STATEMENT FOR FINANCIAL STATEMENT PURPOSES. ANNUAL BANQUET 623731 623731 337019 623731 623731 337019 337019 286712 0 SCHOLARSHIPS 292 1460000 X X 0 0 0 0 0 0 0 0 0 ROBERT P DONOVAN 97135 0 38000 0 0 0 0 0 15395 0 150530 0 0 0 WALTER LANKAU MEMBER OF BOARD 13255 STOWE ACRES - MARATHON 0 TOM MARTIN MEMBER OF BOARD 69124 AUDIO VIDEO ANNUAL BANQUET 0 FORM 990, PART VI, SECTION B, LINE 11 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 COMPANY. 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 STATMENTS DISCLOSING INTERESTS THAT COULD GIVE RISE TO CONLFLICTS. 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 OFFICES. INSTRUCTIONS ARE POSTED ON THE ORGANIZATIONS WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 514,844.